- Location
- Mumbai - Puma Vikhroli Office, India
- Type
- Full-time
- Education
- Master
- Source
- Workday
Description
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)
Skills
ERP