Stock Analyst (12 months contract)

Puma Energy; Mumbai; On-site; INR 450,000 - 650,000; Full time

Benefits offered by this job

Transportation provided

Lunch and dinner provided

Job summary

Puma Energy in Mumbai seeks a Stock Accountant to manage accounting and reconciliations for multiple entities. You will handle product purchases, costs, and stock data in the ERP system, ensuring accurate valuation, variances analysis, and timely reconciliations with auditors as needed. 5-day working week with on-site duties; post probation, one-day WFH.

Transportation and meals provided. Minimum 2–4 years' experience and a related accounting degree are required; oil downstream exposure is

Qualifications

• 2–4 years of experience in stock accounting or related roles.
• Accounting degree such as B.Com or equivalent.
• Experience in Oil Downstream industry is preferred.
• Knowledge of stock procedures, accounting and management.

Responsibilities

• Accounting of product purchases and costs in ERP system.
• Account for operational and transit losses and gains in ERP system.
• Reconcile physical inventory with system stock data on a daily basis.
• Maintain average cost and analyze variances in cost.
• Process receipts, sales, manual stock adjustments and own use in system.
• Investigate abnormal losses/gains and coordinate corrective actions.
• Ensure daily stock reconciliations are submitted by sites timely.
• Coordinate with stakeholders to resolve stock accounting delays.
• Review product costs and taxes before system posting.
• Ensure stock reporting matches sub-ledger reports.
• Create provisions and accruals for stock valuation/movements monthly.
• Enforce internal controls per Puma Stocks Procedures.
• Provide inventory data for auditors and resolve queries.
• Reconcile stock vendors and monthly accruals.
• Submit daily, weekly and monthly stock reporting.

Skills

Stock accounting

Inventory reconciliation

ERP systems

Internal controls

Cost analysis

Education

B.Com

M.Com

ICWA/CMA

MBA

Tools

ERP software

Job description

Location: Vikhroli

Working days and Time: 5-day WFO (post probation 1-day WFH)

Time: 11:30 AM to 8:30 PM (Transportation provided) | Food provided (lunch, dinner)

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

• Preferably 2 to 4 years of experience.
• 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)