Inventory Accounting Analyst (Fixed Term Contract)
BP
- Cape Town, Western Cape
- Contract
- Full-time
- 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.
- 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.