Senior Inventory Accounting Analyst

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Role Purpose

The Senior Inventory Accounting Analyst 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 manage complex and called out 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 products 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 Senior 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

• Provide deep process domain expertise and serve as the point of contact for operational issues from the team
• Analyse, determine root cause and apply appropriate resolutions to complex issues, problems and new initiatives across related processes.
• Implement more complex day to day processes / activities to ensure delivery meets required expectations
• Assist the Team Lead in directing 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 complex 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 challenging and complex problems.
• Moves at a high pace while collaborating, managing risks, communicating, thinking globally and while demonstrating BP’s values, behaviours, and attitudes.
• Continuously promotes Agile methodology through both adopting 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.

Essential Education and Experience

• Bachelor’s degree or equivalent experience in related field
• Good Experience with Microsoft Excel (data manipulation and validation)
• Demonstrated competencies in the areas of process improvement
• 6 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 organizational skills and attention to detail
• Ability to influence and inspire changes across multi-functional teams

• Ability to perform high volume detailed work
• Team-focused, results oriented
• Conflict resolution and ability to find solutions to complex issues

Travel Requirement

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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.