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Open nowPosted 2 days ago

Stock Analyst (12 months Fixed Term Contract)

trafigura154 open roles

Where
Mumbai, India
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Your applicationOpen nowStock Analyst (12 months Fixed Term Contract)trafigura · Mumbai, India

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The clock on this job

Early applications get read.

13.9% of postings close within 7 days. Measured by our own scanner across the market. trafigura postings stay open a median of 25 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.7%3 days
  3. 13.9%7 days
  4. 22.4%14 days
  5. 38.1%30 days
  6. 59.0%60 days
This job: posted 2 days ago

trafigura median: 25 days open

The posting

Role: Stock Analyst (12 months contract)

Location: Vikhroli

Working days and Time: 5-day WFO (post probation 1-day WFH)

Time: 11:30 AM to 8:30 PM

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 informatio
  • n
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