Job Description:

1. Role Particulars

Role Title: Senior Inventory Accounting Analyst

Segment: Corporate & Functions

Job Level:H6

Function: Finance

Reports to: Inventory Accounting Team Lead

Business Unit: Finance Business Technology

Travel: None

Tower: A&C - S&IA

Direct Reports: None

Location: Pune

2. Role Purpose

The Senior Inventory Accounting Analyst provides deep process domain knowledge around the applicable activities and processes performed by the team together with the systems and business models that underpin them. In addition to performing more complex operational activities will manage complex and escalated issues, perform in depth troubleshooting, review, and approval activities to support operations delivery, quality management and control.

Is also 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 Senior 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.

• Reconciliation of Inventory - 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

3. Key Accountabilities

Responsibilities

• Provide deep process domain expertise and serve as the point of contact for operational issues from the team
• Analyze, determine root cause and apply appropriate resolutions to complex issues, problems and new initiatives across related processes.
• Execute more complex day to day processes / activities to ensure delivery meets required expectations
• Assist the Team Lead in directing the work of team members
• Train / coach team members in day-to-day duties, process changes, system implementations and policy updates
• Maintain end to end desktop documentation assuring the accuracy and integrity thereof
• Perform analytics, drive insight and root cause analysis coming key metrics and partner with Team Lead to design appropriate action plans
• Identify and analyze process and system improvement opportunities, develop short term workaround solutions or provide recommendations for permanent solutions and take a leading role in initiating and managing projects to deliver these solutions
• Support specific processes and related decision making to ensure the accurate and timely delivery of services in accordance with service level agreements and appropriate processes and policies
• Perform more complex inventory volumetric reconciliations that require in depth process and terminal knowledge
• Partner with IT/Engineering teams to configure, test, and deploy AI-driven tools, and ERP system enhancements
• Ensure automated processes maintain data integrity and compliance, reducing reliance on manual spreadsheets

Accelerator Accountabilities

• Constantly scans for improvement opportunities and implements transformative solutions that solve our most challenging and complex problems.
• Moves at a high pace while collaborating, managing risks, communicating, thinking globally and while demonstrating BP's values, behaviors, and mindsets.
• Continuously promotes Agile methodology through both adopting agile principles and actively championing agile at every opportunity.
• Thinks Digital Delivery first through apply deep digital expertise to problems, through understanding and promoting automation and through analyzing data to create breakthrough solutions.
• Builds capability through inspiring teams to learn new skills, adopt new practices and seek growth opportunities.

4. Key Challenges

• Focal point for operational and process issues or problems from team
• Issues or problems are varied and complex with much ambiguity
• System and process interfaces are numerous and complex to navigate

5. Mindset

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

6. Qualification & Experience and Competencies

Essential Education and Experience

• Bachelor's degree in related field
• Strong Experience with Microsoft Excel (data manipulation and validation)
• Demonstrated competencies in the areas of process improvement
• 6 years relevant experience
• Strong analytical and problem-solving skills as well as a robust understanding of control processes; able to exercise sound technical judgment in making business decisions
• Good negotiation skills
• Good organizational skills and attention to detail
• Ability to influence and drive changes across cross functional teams

• Ability to perform high volume detailed work
• Team-focused, results oriented
• Conflict resolution and ability to find solutions to complex issues

Desirable Criteria

• Knowledge of Microsoft Access (data manipulation and validation)
• Knowledge of G/L's, Income Statements, Balance Sheets
• Communication-verbal & written
• Facilitation
• Training
• Business acumen
• Building relationships on trust
• Critical thinking
• Working with a global mind-set
• Knowledge of Lean Six Sigma

Travel Requirement
No travel is expected with this role

Relocation Assistance:
This role is not eligible for relocation

Remote Type:
This position is a hybrid of office/remote working

Skills:
Agility core practices, Agility tools, Analytical Thinking, Business Acumen, Commercial Acumen, Digital Fluency, Inventory Management, Logistics Management, Negotiating, Negotiation planning and preparation, Project Management, Risk Management, Supplier Relationship Management, Supply chain management, Sustainability awareness and action, Value creation and management

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 an accessibility need may request an adjustment/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 adjustment/accommodation related to the recruitment process, please contact us.

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.