Inventory Accounting Analyst
bp
Accounting / AuditingJob category
Accounting / AuditingJob 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 SLA. TAT. Handling B2B & B2C queries independently.
Shift Timings - 9am to 6pm however during month end shift would be 5.30am to 2.30pm
Key Challenges:
• Ability to influence groups that may have differing priorities.
• Quickly respond to changing circumstances.
• Tailor communication style to suit the audience
• Issues and reconciling items are at times complex and multi-faceted to resolve requiring strong analytical and problem-solving ability.
Qualification & Experience and Competencies
Essential Education and Experience
• Bachelor's Degree in Accounting, Finance, or related field.
• 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.
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
Educational Background
• Bachelor's degree in Business, Accounting, Finance, or related field.
Why join bp:
At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly.
There are many aspects of our employees' lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.
Travel Requirement
Negligible travel should be 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, 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 Reporting, Influencing, Internal control and compliance, Long Term Planning {+ 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 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.
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 SLA. TAT. Handling B2B & B2C queries independently.
- Reconciliation of Buy & Sell, bulk (Terminal), 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
Shift Timings - 9am to 6pm however during month end shift would be 5.30am to 2.30pm
Key Challenges:
• Ability to influence groups that may have differing priorities.
• Quickly respond to changing circumstances.
• Tailor communication style to suit the audience
• Issues and reconciling items are at times complex and multi-faceted to resolve requiring strong analytical and problem-solving ability.
Qualification & Experience and Competencies
Essential Education and Experience
• Bachelor's Degree in Accounting, Finance, or related field.
• 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.
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
Educational Background
• Bachelor's degree in Business, Accounting, Finance, or related field.
Why join bp:
At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly.
There are many aspects of our employees' lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.
Travel Requirement
Negligible travel should be 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, 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 Reporting, Influencing, Internal control and compliance, Long Term Planning {+ 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 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.
JOB SUMMARY
Inventory Accounting Analyst
bp
Pune
4 days ago
N/A
Full-time
Inventory Accounting Analyst