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 complex 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 help the world get to net zero.

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 Finance Team and advance your career

Role Purpose

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 sophisticated operational activities will manage complex and intensified issues, perform in depth solve, 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. The Regional Inventory Accounting Analyst
is 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
Research and resolution of exchange and storage & handling fee differences
Identification and resolution of root cause errors
Identification and resolution of internal control gaps
Facilitation and maintenance of internal and external business relationships
 

Key Accountabilities

Responsibilities
Provide deep process domain expertise and serve as the point of contact for operational issues from the team
Analyse, resolve root cause and apply appropriate resolutions to sophisticated issues, 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 managing 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 solve our most ambitious and sophisticated problems.
Moves at a high pace while collaborating, managing risks, presenting, thinking globally and while demonstrating BP’s values, behaviours, and mindsets.
Continuously promotes Agile methodology through both accepting agile principles and actively fostering 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, accept new practices and seek growth opportunities

Key Challenges
Focal point for operational and process problems from team
Issues or problems are multifaceted and sophisticated with much ambiguity
System and process interfaces are numerous and sophisticated to navigate

Qualification & Experience and Competencies
Essential Education and Experience
Bachelor Degree in related field
Strong Experience with Microsoft Excel (data manipulation and validation)
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 social skills and attention to detail

Ability to influence and motivate changes multi-functional teams
Ability to perform volume detailed work
Team-focused, results driven
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 acumen

Establishing relationships on trust
Critical thinking
Working with a global mind-set
Knowledge of Lean Six Sigma

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, Accounting processes and financial systems, 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 {+ 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.