Stock Analyst

Location: Mumbai, India

Main Purpose

Stock accountant - accounting and reconciliations for one or more entities.

KEY RESPONSIBILITIES

• Accounting of product purchases, capturing product costs and related expenses in ERP system
• Accounting of operational and transit losses and gains in ERP system
• Reconciliation of physical inventory records with system stock data
• Ensure product costs are accounted correctly, and average cost is maintained in the system on daily basis. Analysis of the variance in cost.
• Ensure receipts, sales, manual stock adjustments and own use are accounted all in system on daily basis by comparing the physical with System
• Abnormal losses/gains are investigated, and necessary corrective action is taken by the site managers.
• Ensuring sites are submitting daily stock reconciliations timeously
• Close co-ordination through continuous follow up and helping resolve challenges that may result in delays in stock accounting process.
• Review product costs and taxes before processing in system as submitted by Product Accountant and Tax Accountant
• Ensure that stock is correctly reported and match with sub ledger in the Flash and Monthly reporting.
• Ensure appropriate provisions and accrual are raised in the books on a monthly basis concerning stock valuation and movement
• Enforce internal controls in the stocks function. This entails ensuring adherence to Puma Stocks Procedures as advised in the Puma Internal Control Policy
• Providing inventory information data and resolving queries from auditors both internal and external
• Reconciliation of stock vendors and accruals on monthly basis
• Ensure timely submission of daily, weekly and monthly stock reporting

Requirements

Experience

• Years of experience: Preferably 2+ years or more
• Accounting Degree Educated or equivalent (B. Com, M. Com, ICWA/ CMA, MBA)
• Business orientated with experience in the Oil Downstream industry is preferably
• Experience in understanding Stock procedures, accounting and management
• Candidates from shared services set up preferred
• Knowledge of stock accounting method needed (Average / FIFO /LIFO)