Stock Analyst (Variance, Inventory, Costing)

Puma Energy; Mumbai; On-site; INR 600,000 - 900,000; Full time

Benefits offered by this job

Transportation provided

Lunch and dinner provided

Job summary

Puma Energy is seeking a Stock Accountant based in Mumbai (Vikhroli) for managing accounting and reconciliations for one or more entities. This is a 5-day working week with post-probation 1-day WFH. Shift timing is 11:30 AM to 8:30 PM with transportation and lunch/dinner provided.

Key duties include daily stock accounting, variance analysis, and ensuring stock movement is accurately reflected in the books. Preference given to candidates from shared services with knowledge of stock methods

Qualifications

• 3+ years of experience in stock accounting or related roles.
• Accounting degree or equivalent (B.Com, M.Com, ICWA/CMA, MBA).
• Experience in Oil Downstream industry preferred.
• Knowledge of stock accounting methods (Average / FIFO / LIFO).
• Experience in shared services setup preferred.

Responsibilities

• Account product purchases and capture costs in ERP.
• Record operational and transit losses/gains in ERP.
• Reconcile physical inventory with system data.
• Maintain daily product cost and analyze variances.
• Record receipts, sales, stock adjustments and usage in system daily.

Skills

Stock accounting

ERP system

Inventory reconciliation

Cost accounting

Internal controls

Auditors queries

Education

B.Com

M.Com

ICWA/CMA

MBA

Tools

ERP system

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:

• Years of experience: Preferably 3+ 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)