Inventory Accounting Analyst

3 weeks ago

Cape Town, Saudi Arabia BP International Full time

Job Description:

  • Execute day-to-day inventory accounting/settlements operations to ensure delivery meets customer expectations.
  • Monitor inventory transactions and reports in ERP systems and reconcile inventory and inventory related accounts in the general ledger; review and ensure statutory reports are prepared in a timely manner.
  • Conduct monthly cost and/or stock reconciliations and balance sheet reconciliations where necessary.
  • Resolve all outstanding reconciliation issues on a timely basis.
  • Collaborate across the HVC team and with wider partner groups to drive the quick and accurate resolution of reconciliation issues:
  • marketing supply negotiators, balance analysts, product schedulers, settlement analysts and transaction control staff.
  • Business Unit's such as Trading & Shipping, Midstream, Refining; Commercial, Retail and significant interaction with 3rd party service providers.
  • Investigate and resolve physical inventory movement imbalances and differences.
  • Identify and resolve internal control gaps and root cause errors.
  • Manage inbound documents in accordance with the document control policy.
  • Ensure timely and accurate data storage, retrieval, maintenance and updates while maintaining data security.
  • Support external / internal audit and Internal Control reviews.
  • Ensure the generation of accurate and timely payment of / to third party and inter-company vendor/ customer invoices for goods received and related services on behalf of bpSA and in compliance with policies and procedures.
  • Perform review and verification of pricing and transaction volume including contract review and stock/sales/purchases ledger; calculate other charges and fees.
  • Monitor key reports and data to ensure that accounts are accurate and clean.
  • Act as a liaison with business finance, negotiators, schedulers, credit Treasury teams and third parties in identifying and resolving various issues including contract and movement entries, deal documentation review.
  • Assist with fuel tax DAS, freight and ancillary payment processes and provisions.
  • Compile and process accrual entries for movements not processed in the system and cost variances.
  • Calculate, prepare and process month end journals and compile month end reports related to the area of accountability.
  • Provide cover for other Team members from time to time where required.
  • Assist with Ad-hoc requests from the business and support business projects.

Service Management & Continuous Improvement

  • Ensure continuous improvement in inventory and supply accounting operational processes, process simplification and compliance through utilisation of the key metrics and taking / recommending remediation action as required.
  • Maintain strong professional relationships with relevant internal partners and external stakeholders.

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, Analytical Thinking, Commercial acumen Inactive, Communication, Creativity and Innovation, Decision Making, Digital fluency, Group Problem Solving, Influencing, Inventory Management, Logistics Management, Materials demand management, Negotiation planning and preparation, Quality Control, Supply chain management, Sustainability awareness and action, Warehousing

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