Senior Stock Analyst - Trading Firm

2 - 5 Years

Mumbai

Posted 5 years ago

#Costing #Accounting #Cost Accounting #Finance and Accounts #Reconciliation

Stock Day to Day Management

- In charge of daily relation with Operations in order to ensure that fuel delivery cycle is done accurately, Work closely with BSM/Accountant/JSU Supply team

- In charge of daily relation with Operations in order to ensure that the fuel purchase process is done accurately , Work closely with BSM/Accountant/JSU Supply team

- Review physical inventory journals and post in NAVISION :

- Physical Inventory journals are the last stock adjustments for a site. These include the final declared gains or losses for a site for a particular day. Stock Controller reviews the Physical inventory journal is in line with the site's Stock Reconciliation.

- Abnormal losses/gains are investigated and necessary corrective action is taken by the site managers. Petroleum taxes are correctly computed and paid on time

- Review inventory valuation in NAVISION and QlikView which involves

- Checking inventory valuation in NAVISION, and comparing versus expected costs cost of product. This is done in NAVISION using Stock Keeping Units and Inventory Valuation Report.

- Work closely with BSM/Accountant/JSU Supply team

- Ensure daily Mass Balance closure by all client Sites. This requires;

- Ensuring sites are submitting daily stock reconciliations timeously

- Following up and helping resolve challenges that may result in delays in mass balance closure.

- Circulate daily closure progress for all sites. Using an excel template, Physical Item journal posted per site are updated in the template. The template shows sites that haven't yet had physical inventory journals. This is circulated to Client Management and Depot Managers.

- Run Adjust Cost Routine. This is a program in NAVISION that does the Average Based Costing.

- Review product costs and taxes before processing in NAVISION 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 client Stocks Procedures as advised in the client Internal Control Policy