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Inventory Accounting Analyst

Inventory Accounting Analyst

  • Location India - Pune
  • Travel required No travel is expected with this role
  • Job category Finance Group
  • Relocation available This role is eligible for relocation within country
  • Job type Professionals
  • Job code RQ082124
  • Experience level Intermediate
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Job summary

Entity:

Finance


Job Family Group:

Finance Group


Job Description:

The Regional Inventory Accounting Analyst is responsible for the resolution of queries and reconciliation of refined products inventory. This includes a monthly reconciliation of exchanges, 3rd party terminals, pipelines, in transit bulk locations by comparing SAP transaction data to the custody / confirmation statement received from the 3rd party operator, performing the reconciliation, identifying reconciling items, and posting gains and losses. The Regional Inventory Accounting Analyst is responsible for the resolution of these outstanding reconciliation items and issues working closely with front office teams, settlement analysts, volume / transaction control staff and 3rd parties. This includes related storage and handling fees:  validating and approving these in readiness for payment.

Key Accountabilities

Identification and resolution of Interface errors adhering to less than 48 hrs. TAT. Handling B2B & B2C queries independently.

Reconciliation of exchange, truck, bulk, and retail activity

Research and resolution of exchange and physical inventory imbalances

Research and resolution of exchange and storage & handling fee differences

Identification and resolution of root cause errors

Identification and resolution of internal control gaps

Facilitation and maintenance of internal and external business relationships

Key Challenges

Ability to influence groups that may have differing priorities.

Quickly respond to changing circumstances;sues and reconciling items are at times sophisticated and multi-faceted to resolve requiring strong analytical and problem-solving ability.

Attitude

Own your success  

Responsible for delivering innovative business outcomes   

Seeks opportunities to improve and digitize process delivery   

Adheres to safe and ethical work practices  

Think big  

Actively builds own knowledge, capabilities, and skills for the future.  

Values teamwork and collaborates to achieve results  

Be curious  

Willing to suggest new ways of working, processes, and technologies.  

Ensures the delivery and improvement of digital solutions to benefit customers  

Effortless customer experience  

Understands customer needs and delivers digital seamless self-service customer experiences  

Fosters cross-functional collaboration in support of One Finance  

Digital first  

Applies creative digital solutions to solve problems  

Qualification & Experience and Competencies

Crucial Education and Experience

Bachelor’s Degree in Accounting, Finance, or related field.

5 + years of expereince.

Ability to meet month-end close and other deadlines

Strong analytical and problem solving skills

Strong communication and interpersonal skills

Good organizational skills - attention to detail

Bias for action underpinned by a strong work ethic, teamwork and proven track record of value added.

Shifts : US Shifts

Desirable Criteria

Experience in handling scheduling application WinDMS.

Exposure to SAP interface queues, handling B2B & B2C queries.

General accounting experience

Experience with financial or logistical reconciliations

Demonstrated proficiency with SAP

Exposure to the Product Supply Business

Familiarity with payables and receivables


Travel Requirement

No travel is expected with this role


Relocation Assistance:

This role is eligible for relocation within country


Remote Type:

This position is not available for remote working


Skills:

Accounting for financial instruments, Accounting for financial instruments, Accounting policy, Accounting processes and financial systems, Agility core practices, Agility tools, Analytical Thinking, Analytics, Business process control, Business process improvement, Commercial Acumen, Commercial assurance for external reporting, Communication, Creativity and Innovation, Credit Management, Curiosity, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Automation, Digital fluency, Financial accounting and reporting, Influencing, Internal control and compliance {+ 4 more}


Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company.  We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.).  If you would like to request an accommodation related to the recruitment process, please contact us to request accommodations.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy.  This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

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