Job Location: Mumbai
Stock Day to Day Management
- In charge of daily relation with Operations in order to ensure that fuel delivery cycle is done accurately> Work closely with BSM/Accountant/JSU Supply team
- In charge of daily relation with Operations in order to ensure that the fuel purchase process is done accurately > Work closely with BSM/Accountant/JSU Supply team
- Review physical inventory journals and post in NAVISION:
- Physical Inventory journals are the last stock adjustments for a site. These include the final declared gains or losses for a site for a particular day. Stock Controller reviews the Physical inventory journal is in line with the site s Stock Reconciliation.
- Abnormal losses/gains are investigated and necessary corrective action is taken by the site managers. Petroleum taxes are correctly computed and paid on time
- Review inventory valuation in NAVISION and QlikView which involves
- Checking inventory valuation in NAVISION, and comparing versus expected costs cost of product. This is done in NAVISION using Stock Keeping Units and Inventory Valuation Report.
- Work closely with BSM/Accountant/JSU Supply team
- Ensure daily Mass Balance closure by all Puma Sites. This requires;
- Ensuring sites are submitting daily stock reconciliations timeously
- Following up and helping resolve challenges that may result in delays in mass balance closure.
- Circulate daily closure progress for all sites. Using an excel template, Physical Item journal posted per site are updated in the template. The template shows sites that haven t yet had physical inventory journals. This is circulated to Puma Management and Depot Managers.
- Run Adjust Cost Routine. This is a program in NAVISION that does the Average Based Costing.
- Review product costs and taxes before processing in NAVISION as submitted by Product Accountant and Tax Accountant
- Insure that stock is correctly reported and match with sub ledger in the Flash and Monthly reporting.
- Enforce internal controls in the stocks function. This entails ensuring adherence to Puma Stocks Procedures as advised in the Puma Internal Control Policy
Experience
- Years of experience: Preferably 2-3 years or more
- Accounting Degree Educated or equivalent (BCOM, MCOM, ICWA/ CMA, MBA)
- Business orientated with experience in the Oil Downstream industry is mandatory/preferably
- Experience in understanding Stock experience
- Knowledge of stock accounting method needed (Average / FIFO /LIFO)
Skills
- Microsoft Office proficient
- Navision /ERP knowledge
- Good verbal and written communication skills with the ability to articulate complex information
Reporting
- Daily Stock reconciliation report
- Stock Loss/gain analysis
- Weekly/monthly dashboards
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