About this role
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
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Experience:
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Years of experience: Preferably 2 years or more
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Accounting Degree Educated or equivalent (B. Com, M. Com, ICWA/ CMA, MBA)
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Business orientated with experience in the Oil Downstream industry is preferably
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Experience in understanding Stock procedures, accounting and management
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Candidates from shared services set up preferred
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Knowledge of stock accounting method needed (Average / FIFO /LIFO)
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Skills & Competencies:
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Accounting
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Stock accounting
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Stock reconciliations
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Microsoft Office proficient
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Navision /ERP knowledge
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Good verbal and written communication skills with the ability to articulate complex information