Stock Analyst

Overview

Stock accountant role responsible for accounting and reconciliations of product stock for one or more entities.

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.
• Coordinate closely through continuous follow-up and help resolve challenges that may delay the stock accounting process.
• Review product costs and taxes submitted by the Product Accountant and Tax Accountant before processing in the system.
• 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 for 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 monthly.
• Ensure timely submission of daily, weekly and monthly stock reporting.

What you'll need

• Preferably 2+ years of experience or more.
• Accounting degree or equivalent: B.Com, M.Com, ICWA/CMA, or MBA.
• Knowledge of stock accounting methods (Average / FIFO / LIFO).

Nice to have

• Business orientation with experience in the Oil Downstream industry.
• Experience understanding stock procedures, accounting and management.
• Candidates from shared services set-ups.

Details

• Location: Mumbai, India.