Stock Analyst (Vikhroli)

Puma Energy; Mumbai; Hybrid; INR 550,000 - 900,000; Full time

Benefits offered by this job

Transport provided

Lunch and dinner provided

Job summary

Puma Energy in Mumbai invites applications for a Stock Accountant to manage accounting and reconciliations for one or more entities. The role focuses on recording product purchases, costing, and maintaining accurate stock data in the ERP system.

You will ensure cost accounting is correct and variances are analyzed daily. Ideal candidates have 3–4 years of stock accounting experience, a commerce degree (B.Com/M.Com) or equivalent, and knowledge of stock methods (Average, FIFO, LIFO).

Qualifications

• 3–4 years of stock accounting experience preferred.
• B.Com/M.Com or ICWA/CMA/MBA equivalent.
• Oil downstream industry experience preferred.
• Familiar with stock procedures and ERP systems.
• Experience in shared services setup preferred.
• Knowledge of stock accounting methods (Average, FIFO, LIFO).

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 daily.
• Ensure receipts, sales, and stock adjustments are accounted in the system daily.
• Investigate abnormal losses/gains and coordinate corrective actions with site managers.
• Submit daily stock reconciliations and support timely close.
• Coordinate to resolve challenges delaying stock accounting processes.
• Review product costs and taxes before processing in the system.
• Ensure stock reporting matches sub-ledger in Flash and monthly reports.
• Raise provisions and accruals monthly for stock valuation and movement.
• Enforce internal controls per Puma procedures; support audits.
• Provide inventory information and respond to auditors.
• Reconcile stock vendors and accruals monthly.

Skills

Stock accounting

ERP system

Reconciliations

Cost accounting

Inventory controls

Education

Bachelor's degree in Commerce or equivalent

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 3-4 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)