Job Description

Main Purpose:

Stock accountant - accounting and reconciliations for one or more entities.

Knowledge Skills and Abilities, Key Responsibilities:

Key Responsibilities

Stock Accounting for an offshore entity

• 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 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. Petroleum taxes are correctly computed and paid on time
• Ensuring sites are submitting daily stock reconciliations timeously
• Following 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
• Insure that stock is correctly reported and match with sub ledger in the Flash and Monthly reporting.
• Enforce internal controls in the stocks function. This entails ensuring adherence to Puma Stocks Procedures as advised in the Puma Internal Control Policy

• Years of experience: Preferably 4-5 years or more
• Accounting Degree Educated or equivalent (BCOM, MCOM, ICWA/ CMA, MBA)
• Business orientated with experience in the Oil Downstream industry is mandatory/preferably
• Experience in understanding Stock experience
• Candidates from shared services set up preferred
• Knowledge of stock accounting method needed (Average / FIFO /LIFO)

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

• Mumbai Stock Manager \xe2\x80\x93 Direct report
• Functional dotted line reporting into Africa SME/specialist.

Puma Energy