Stock Analyst

Puma Energy; Mumbai City; On-site; INR 400,000 - 640,000; Full time

Job summary

Puma Energy in Mumbai is seeking a stock accountant to manage accounting and reconciliations for one or more entities. You will handle product purchases, cost capturing, and stock variances in the ERP system while ensuring accurate valuation and proactive controls.

The role requires a 2+ year background in stock accounting, preferably in the oil downstream sector, and a relevant degree. Daily stock reporting and close coordination with site managers are essential to support monthly closings and

Qualifications

• 2+ years of stock accounting experience.
• Accounting degree or equivalent (B.Com, M.Com, ICWA/CMA, MBA).
• Oil downstream experience preferred.
• Experience with stock procedures, accounting and management.
• Knowledge of stock accounting methods (Average / FIFO / LIFO).

Responsibilities

• Account product purchases and costs in the ERP system.
• Record operational and transit losses and gains in ERP system.
• Reconcile physical inventory with system stock data.
• Maintain daily average cost in the system and analyze variances.
• Ensure daily stock transactions are recorded in the system.
• Investigate abnormal losses/gains with site managers.
• Submit daily stock reconciliations and coordinate with sites.
• Review costs and taxes before processing in the system.
• Ensure stock reporting matches sub-ledger and flash/monthly reports.
• Raise provisions and accruals for stock valuation/movement monthly.
• Enforce internal controls per Puma procedures.
• Provide inventory information and assist auditors.
• Reconcile stock vendors and accruals monthly.
• Ensure timely daily/weekly/monthly stock reporting.

Skills

Stock accounting

ERP systems

Reconciliation

Costing

Inventory control

Education

B.Com / M.Com / ICWA CMA / MBA

Tools

ERP system

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)