Inventory Accounting Analyst

Entity:
Finance
Job Family Group:
Finance Group
Job Description:
We are a global energy business involved in every aspect of the energy system. We are working towards delivering light, heat, and mobility to millions of people every day. We are one of the very few companies equipped to solve some of the big complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low-carbon future. Join us and be part of what we can accomplish together.
Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better – and how you can play your part in our world-class team?
The Regional Inventory Accounting Analyst is responsible for the resolution of queries and reconciliation of refined product's 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.
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
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.
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
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At bp, we provide an excellent environment and benefits such as an open and inclusive culture, a great work-life balance, tremendous learning, and development opportunities to craft your career path, life and health insurance, medical care package and many others!
Diversity sits at the heart of our company, and as an equal opportunity employer, we stay true to our mission by ensuring that our place can be anyone's place. We do not discriminate based on race, religion, colour, national origin, gender and gender identity, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided with reasonable accommodation to participate in the job application and interview process, to perform essential job functions, and to receive other benefits and privileges of employment.
Travel Requirement
No travel is expected with this role
Relocation Assistance:
This role is eligible for relocation within country
Remote Type:
This position is a hybrid of office/remote working
Skills:
Accounting, Accounting, Accounting policy, Accounting Processes and Financial Systems, Agility core practices, Agility tools, Analytical Thinking, Bank Reconciliations, 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, Inventory Accounting {+ 8 more}
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Legal Disclaimer:
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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.