Puma Energy

Global downstream energy supplier and marketer

Stock Analyst

Cost & Management AccountingUpdated on Nov 15

Full-timeMumbai, Maharashtra, IndiaNo salary listedIn-person

About the Job

Requirements

Preferably two or more years of experience.
Accounting degree education or equivalent, such as B. Com, M. Com, ICWA/CMA, or MBA.
Experience in the Oil Downstream industry is preferred.
Experience understanding stock procedures, accounting, and management.
Knowledge of stock accounting methods, including average cost, FIFO, and LIFO.
Proficiency in Microsoft Office.
Knowledge of Navision or ERP systems.
Good verbal and written communication skills and the ability to articulate complex information.

Responsibilities

Account for product purchases, capturing product costs and related expenses in the ERP system.
Account for operational and transit losses and gains in the ERP system.
Reconcile physical inventory records with system stock data.
Ensure product costs are accounted for correctly and average cost is maintained in the system daily; analyze cost variances.
Ensure receipts, sales, manual stock adjustments, and own use are accounted for in the system daily by comparing physical stock with system records.
Investigate abnormal losses and gains and take necessary corrective action through site managers.
Ensure sites submit daily stock reconciliations on time.
Coordinate continuously, follow up, and help resolve challenges that may delay the stock accounting process.
Review product costs and taxes submitted by the Product Accountant and Tax Accountant before processing them in the system.
Ensure stock is reported correctly and matches the sub-ledger in Flash and monthly reporting.
Ensure appropriate provisions and accruals concerning stock valuation and movement are raised in the books monthly.
Enforce internal controls in the stock function, ensuring adherence to Puma stock procedures as advised in the Puma Internal Control Policy.
Provide inventory information and data, and resolve queries from internal and external auditors.
Reconcile stock vendors and accruals monthly.
Ensure timely submission of daily, weekly, and monthly stock reporting.

Desired Qualifications

Experience working in a shared services setup.

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)

Skills & Competencies:

Accounting
Stock accounting
Stock reconciliations
Microsoft Office proficient
Navision /ERP knowledge
Good verbal and written communication skills with the ability to articulate complex information

About the Company

Puma Energy

Global downstream energy supplier and marketer

Puma Energy is a global downstream energy business that supplies fuels, aviation fuels, lubricants, LPG and bitumen in more than 34 countries, focusing on Central America and Sub-Saharan Africa. The company operates its products through downstream segments, which include refining and distributing fuels, supplying aviation fuel at airports, selling lubricants and LPG, and providing bitumen for road and construction projects. Its products are moved from suppliers to customers via terminals, storage, and a network that serves retail stations, commercial buyers, airlines, and construction sites. Puma Energy differentiates itself with a wide geographic footprint in high-potential markets, a diversified product mix, and a mission that centers on energising communities and driving growth and prosperity in the areas it serves. The company’s goal is to sustainably meet customers’ energy needs in these markets while supporting local development by expanding access to fuels and related products.

Company size: 5,001-10,000
Company stage: Debt Financing
Total funding: $775M
Headquarters: Cotonou, Benin
Founded: 1997

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