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Inventory Accounting Team Lead

Inventory Accounting Team Lead

  • Location India - Maharashtra - Pune
  • Travel required No
  • Job category Finance Group
  • Relocation available Yes - Domestic (In country) only
  • Job type Professionals
  • Job code 122534BR
  • Experience level Intermediate
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Job summary

Grade H Responsible for delivering accounting and reporting services, using sound technical capabilities to ensure the integrity and effectiveness of accounting policy application, internal control, financial reporting, accounting systems support and delivery of financial accounting processes in conformance with BP's systems and requirements.

We’re equipping our new GBS centre with innovative minds who are excited to lead the transformation of processes with a digital-first approach. Is thinking big – and delivering successful outcomes – in the space of digital solutions and customer experiences your forte? Are you adept at inspiring a team and improving its performance? Do you have a passion for encouraging a culture of curiosity, creativity and collaboration? Here’s where you will have every opportunity to challenge conventions and break new ground. Let’s hear from you.

Role Purpose:
Inventory Accounting Team Lead is responsible for the review and approval of crude and refined products inventory reconciliations for Refining & Marketing business. This includes approval of exchanges, 3rd party and proprietary terminals, pipelines, and in-transit truck & bulk locations. In addition the team lead reviews and approves weekly and monthly transportation invoices for payment.

Accountabilities

  • Reconciliation approval of exchange, truck & bulk activity for Crude and Products
  • Payment review and approval for transportation and storage fees, gain/loss settlement, and exchange differentials.
  • Monitoring control reports to ensure accurate financial data. Identification and resolution of internal control gaps. Facilitation and maintenance of internal and external business relationships.
  • Carry out people management responsibilities in accordance with the organization's policies and applicable laws, including planning, assigning and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
  • Initiate opportunities and support the team in delivery of continuous improvements related to the end to end process.
  • On-board new team members as needed (including systems access, training requirements, end to end process overview, and allocation of workload).
  • Ensure each team member has appropriate back-up coverage. Monitor metrics to ensure delivery of service in accordance with the contractual agreements.
  • Point of contact for escalations related to service level requirements, service issues, and customer satisfaction. Investigate and research incidents, document the nature of the problems, and ensure that there is a process in place to avoid future occurrence.
  • Recommend improvements to the existing processes to enhance unit performance from both operational and control viewpoints
Education - Bachelor’s degree in Accounting, Finance or Business related field.

Essential Experience
  • 1 year leadership/management experience and 6 years general accounting/finance or Petro-chemical or supply chain industry experience
  • Proficiency with SAP or other comparable ERP system with experience with month-end close activities and meeting project deadlines
  • Proven experience in coaching and leading high performing teams.
Desirable Criteria
  • Proficiency with Microsoft Excel,Exposure to Supply business, Understand financial statements including balance sheet, Familiarity with payables and receivables
  • Good business judgment in handling potentially sensitive business and people issues

Grade H Responsible for delivering accounting and reporting services, using sound technical capabilities to ensure the integrity and effectiveness of accounting policy application, internal control, financial reporting, accounting systems support and delivery of financial accounting processes in conformance with BP's systems and requirements.

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