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)

📌 Stock Analyst Mumbai (India)
🏢 Puma Energy
📍 India