Stock Analyst

Puma Energy; Maharashtra; On-site; INR 500,000 - 700,000; Full time

Benefits offered by this job

Stock inventory optimization

Job summary

Puma Energy in Maharashtra, India seeks a stock accountant to manage accounting and reconciliations for one or more entities. You will handle product purchases, cost capture in ERP, and daily stock movements.

The role focuses on maintaining average cost, reconciling physical inventory with system data, and ensuring timely reporting and internal controls. 2+ years in stock accounting preferred.

Qualifications

• 2+ years of experience in stock accounting or related role.
• Commerce degree (B.Com/M.Com) or equivalent.
• Experience in oil downstream or shared services is a plus.
• Knowledge of stock cost methods (Average / FIFO / LIFO).

Responsibilities

• Record product purchases and related costs in ERP daily.
• Reconcile physical inventory with ERP data.
• Maintain daily average cost and analyze variances.
• Ensure correct stock movements and provisions each month.
• Coordinate with auditors and resolve stock queries.
• Enforce internal controls per Puma policy.
• Prepare daily/weekly/monthly stock reporting.
• Close co-ordination with site managers to prevent delays.
• Review product costs and taxes before system posting.

Skills

Stock accounting

ERP systems

Inventory reconciliation

Cost analysis

Education

B.Com / M.Com

ICWA / CMA

MBA

Tools

ERP software

Job 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)