Senior 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 sophisticated 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. You can participate in our new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero.

In India, we operate bp’s Global Business Services organization which is an integrated part of bp. Our people want to play their part in solving the big complex challenges facing our world today and, guided by our bp values, are working to help meet the world’s need for more energy while lowering carbon emissions. In our offices at Pune,  we work in customer service, finance, accounting, procurement, HR services and other enabling functions – providing solutions across all of bp. Join our team, and develop your career in an encouraging, forward-thinking environment!

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?

Join our Ethics and Compliance Team and advance your career as Senior Inventory Accounting Analyst!

Purpose of the role:

The Senior Inventory Accounting Analyst Accelerator provides deep process domain knowledge around the applicable activities and processes performed by the team together with the systems and business models that underpin them. In addition to performing more complex operational activities will handle sophisticated and intensified issues, perform in depth troubleshooting, review and approval activities to support operations delivery, quality management and control.

Is also 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. 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.

Reconciliation of Inventory - exchange, truck, bulk, and retail activity

Research and resolution of exchange and physical inventory imbalances, handling fee differences

Identification and resolution of root cause errors, internal control gaps

Facilitation and maintenance of internal and external business relationships.

Key Accountabilities ​

Guide and se as the point of contact for operational issues from the team

Analyse, resolve root cause and apply appropriate resolutions to sophisticated problems and new initiatives across related processes

Implement more sophisticated day to day processes / activities to ensure delivery meets required expectations

Assist the Team Lead in advising the work of team members

Train / coach team members in day-to-day duties, process changes, system implementations and policy updates

Maintain end to end desktop documentation assuring the accuracy and integrity thereof

Perform analytics, drive insight and root cause analysis coming key metrics and partner with Team Lead to design appropriate action plans

Identify and analyse process and system improvement opportunities, develop short term workaround solutions or provide recommendations for permanent solutions and take a leading role in initiating and handling projects to deliver these solutions

Support specific processes and related decision making to ensure the accurate and timely delivery of services in accordance with service level agreements and appropriate processes and policies

Perform more sophisticated inventory volumetric reconciliations that require in depth process and terminal knowledge

Accelerator Accountabilities

Constantly scans for improvement opportunities and implements transformative solutions that tackle our most ambitious and sophisticated problems.

Moves at a high pace while collaborating, handling risks, communicating, thinking globally and while demonstrating BP’s values, behaviours and approaches.

Continuously promotes Agile methodology through both embracing agile principles and actively championing agile at every opportunity.

Thinks Digital Delivery first through apply deep digital expertise to problems, through understanding and promoting automation and through analysing data to create breakthrough solutions.

Builds capability through inspiring teams to learn new skills, adopt new practices and seek growth opportunities.

Key Challenges

Focal point for operational and process issues or problems from team

Issues or problems are varied and sophisticated with much ambiguity

and process interfaces are numerous and sophisticated to navigate

Qualification & Experience and Competencies

Crucial Education and Experience

Bachelor Degree in related field

Good Experience with Microsoft Excel

Demonstrated competencies in the areas of process improvement

5 years relevant experience

Strong analytical and problem-solving skills as well as a robust understanding of control processes; able to exercise sound technical judgment in making business decisions

Good negotiation skills

Good interpersonal skills and attention to detail

Ability to influence and inspire changes across multi-functional teams

Ability to perform volume detailed work

Team-focused, results oriented

Conflict resolution and ability to find solutions to sophisticated issues

Desirable Criteria

Knowledge of Microsoft Access (data manipulation and validation)

Knowledge of G/L’s, Income Statements, Balance Sheets

Communication-verbal & written

Facilitation

Training

Business insight

Establishing relationships on trust

Critical thinking

Working with a global mind-set

Travel Requirement

Negligible travel should be 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 policy, Accounting policy, Agility core practices, Agility tools, Analytical Thinking, Business process control, Business process improvement, Commercial Acumen, Communication, Creativity and Innovation, Credit Management, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital fluency, Financial Reporting, Group Problem Solving, Influencing, Internal control and compliance, Management Reporting, Managing change, Presenting, Risk Management, Stakeholder Management {+ 2 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.