Inventory Accounting Team Lead (Fixed Term Contract) needed at BP International

Job Description:

• Complete day-to-day inventory accounting/settlements operations to ensure delivery meets customer expectations.
• Monitor inventory transactions and reports in systems and reconcile inventory and inventory related accounts in the general ledger; review and ensure statutory reports are prepared in a timely manner.
• Conduct monthly cost and/or stock reconciliations and balance sheet reconciliations where vital.
• Resolve all outstanding reconciliation issues on a timely basis.
• Collaborate across internal teams to drive the quick and accurate resolution of reconciliation issues:
• marketing supply negotiators, balance analysts, product schedulers, settlement analysts and transaction control staff.
• Business Unit’s such as Trading & Shipping, Midstream, Refining; Commercial, Retail and significant interaction with 3rd party service providers
• Support external / internal audit and Internal control reviews.
• Ensure the generation of accurate and timely payment of / to third party and inter-company vendor/ customer invoices for goods received and related services on behalf of bpSA and in compliance with policies and procedures
• Supervise key reports and data to ensure that accounts are accurate and clean.
• Act as a liaison with business finance, negotiators, schedulers, credit Treasury teams and third parties in identifying and resolving various issues including contract and movement entries, deal documentation review.
• Assist with fuel tax, freight and ancillary payment processes and provisions.
• Compile and process accrual entries for movements not processed in the system and cost variances.
• Calculate, prepare and process month end journals and compile month end reports related to the area of accountability.
• Provide cover for other Team members from time to time where required.
• Assist with Ad-hoc requests from the business and support business projects.

Service Management & Continuous Improvement

• Ensure continuous improvement in inventory and supply accounting operational processes, process simplification and compliance through utilisation of the key metrics and taking / recommending remediation action as required.
• Maintain strong professional relationships with relevant internal partners and external stakeholders.

Education

• BCOM Accounting or equivelent, CIMA