Stock Analyst (12 months Fixed Term Contract)

Overview

Stock accountant role responsible for accounting and reconciliations of product stock for one or more entities, on a 12-month fixed-term contract.

What you'll do

• Account for product purchases, capturing product costs and related expenses in the ERP system.
• Account for operational and transit losses and gains in the ERP system.
• Reconcile physical inventory records with system stock data.
• Ensure product costs are accounted correctly and average cost is maintained in the system on a daily basis.
• Analyse variances in cost.
• Ensure receipts, sales, manual stock adjustments and own use are accounted for in the system daily by comparing physical stock with system stock.
• Investigate abnormal losses and gains and ensure necessary corrective action is taken by site managers.
• Ensure sites submit daily stock reconciliations on time.
• Co-ordinate closely through continuous follow-up and help resolve challenges that may delay the stock accounting process.
• Review product costs and taxes before processing in the system as submitted by the Product Accountant and Tax Accountant.
• Ensure stock is correctly reported and matches the sub-ledger in flash and monthly reporting.
• Ensure appropriate provisions and accruals are raised in the books monthly concerning stock valuation and movement.
• Enforce internal controls in the stocks function, ensuring adherence to Puma Stocks Procedures as advised in the Puma Internal Control Policy.
• Provide inventory information and data and resolve queries from internal and external auditors.
• Reconcile stock vendors and accruals on a monthly basis.
• Ensure timely submission of daily, weekly and monthly stock reporting.

What you'll need

• Accounting degree or equivalent (B.Com, M.Com, ICWA/CMA, MBA).
• Knowledge of stock accounting methods (Average / FIFO / LIFO).
• Proficiency in stock accounting and stock reconciliations.
• Microsoft Office proficiency.
• Navision / ERP knowledge.
• Good verbal and written communication skills, with the ability to articulate complex information.

Nice to have

• Preferably 2+ years of experience or more.
• Business orientation with experience in the Oil Downstream industry.
• Experience understanding stock procedures, accounting and management.
• Candidates from shared services set-ups preferred.

Details

• Location: Vikhroli, Mumbai.
• Working days: 5-day work from office; post probation, 1 day work from home.
• Working hours: 11:30 AM to 8:30 PM.
• Fixed-term contract of 12 months.