Entity:

Finance

Job Family Group:

Finance Group

Job Description:

1. Role Particulars

Role Title:

Inventory Accounting Analyst

Segment:

Corporate & Functions

Job Level:

I4

Function:

Finance-GBS

Reports to:

Inventory TL, NFN 4729

Business Unit:

Travel:

No

Tower/Enabling:

HVC (Hydrocarbon Value Chain)

Shift

PEC - FIN 4: 5:30 AM to 2:30 PM

or 9AM – 6PM

General Shift – Non PEC

Direct Reports:

N/A

Location:

Pune, India

2. Role Purpose

The Regional Inventory Accounting Analyst is responsible for the resolution of queries and reconciliation of refined products inventory. This includes a monthly reconciliation of exchanges, 3rd party terminals, pipelines, in transit bulk locations by comparing SAP transaction data to the custody / confirmation statement received from the 3rd party operator, performing the reconciliation, identifying reconciling items, and posting gains and losses. The Regional Inventory Accounting Analyst is responsible for the resolution of these outstanding reconciliation items and issues working closely with front office teams, settlement analysts, volume / transaction control staff and 3rd parties. This includes related storage and handling fees: validating and approving these in readiness for payment.

3. Key Accountabilities

• Identification and resolution of Interface errors adhering to less than 48 hrs SLA. TAT. Handling B2B & B2C queries independently.

• Reconciliation of Buy & Sell, bulk (Terminal), and retail activity.

• Research and resolution of exchange and physical inventory imbalances

• Research and resolution of exchange and storage & handling fee differences

• Identification and resolution of root cause errors

• Identification and resolution of internal control gaps

• Facilitation and maintenance of internal and external business relationships

4. Key Challenges

• ability to influence groups that may have differing priorities.

• quickly respond to changing circumstances.

• tailor communication style to suit the audience

• issues and reconciling items are at times complex and multi-faceted to resolve requiring strong analytical and problem-solving ability.

5. Mindset

Own your success

• Responsible for delivering innovative business outcomes

• Seeks opportunities to improve and digitize process delivery

• Adheres to safe and ethical work practices

Think big

• Actively builds own knowledge, capabilities, and skills for the future.

• Values teamwork and collaborates to achieve results

Be curious

• Willing to suggest new ways of working, processes, and technologies.

• Ensures the delivery and improvement of digital solutions to benefit customers

Effortless customer experience

• Understands customer needs and delivers digital seamless self-service customer experiences

• Fosters cross-functional collaboration in support of One Finance

Digital first

• Applies creative digital solutions to solve problems

6. Qualification & Experience and Competencies

Essential Education and Experience

• Bachelor’s Degree in Accounting, Finance, or related field.

• Ability to meet month-end close and other deadlines

• Strong analytical and problem solving skills

• Strong communication and interpersonal skills

• Good organizational skills - attention to detail

• Bias for action underpinned by a strong work ethic, teamwork and proven track record of value added.

Desirable Criteria

• Experience in handling scheduling application WinDMS.

• Exposure to SAP interface queues, handling B2B & B2C queries.

• General accounting experience

• Experience with financial or logistical reconciliations

• Demonstrated proficiency with SAP

• Exposure to the Product Supply Business

• Familiarity with payables and receivables

Educational background

• Bachelor's degree in Business, Accounting, Finance, or related field.

Travel Requirement

No travel is expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Accounting policy, Accounting policy, Accounting Processes and Financial Systems, Agility core practices, Agility tools, Analytical Thinking, Business Acumen, Business process control, Business process improvement, Collaboration, Commercial Acumen, Communication, Creativity and Innovation, Credit Management, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Fluency, Financial Reporting, Influencing, Internal control and compliance, Management Reporting, Managing change, Presenting {+ 4 more}

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.