Inventory Analyst

Full time
Inventory Analyst
India, Pune 4 days ago

Job category
Finance
Experience level
Intermediate
Relocation available
This role is not eligible for relocation
Job type
Professionals
Travel required
No travel is expected with this role
Job code
RQ105326
Job Description

1. Role Particulars

Role Title:
Inventory Accounting Analyst

Segment:
Corporate & Functions

Job Level:
I4

Function:
Finance-GBS

Reports to:
Inventory TL, NFN 4729

Business Unit:
Travel:
No

Tower/Enabling:
HVC (Hydrocarbon Value Chain)

Shift

PEC - FIN 4: 5:30 AM to 2:30 PM

or 9AM – 6PM

General Shift – Non PEC

Direct Reports:
N/A

Location:
Pune, India

2. Role Purpose

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.

3. 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

4. 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.

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 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.

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.
Our innovative Energize recognition points programme and spot awards translate exceptional performance into tangible rewards, to motivate our high performers.Pay bp offers competitive pay in line with industry standards, making us an employer of choice. Discretionary bonusWe offer discretionary bonuses to reward strong company, business unit and individual performance, and recognition awards, including those related to long service to recognize commitment to the company. Retirement & savings We offer a range of discretionary retirement and savings plans to help provide you and your family with financial security. Insurance benefitsTo give you additional peace of mind, bp provides valuable insurance benefits in some countries. These are designed to provide financial assistance to employees and their families if employees become unwell or die in service. EquityDepending on your location and job level, there may be equity (stock and share) options you are eligible to join so you can be part of bp’s success.