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Inventory Accountant

  • Location: Aberdeen
  • Job type: Contract
  • Sector: CIMA
  • Date posted: 04/01/2018
  • Job reference: VR/43416
Inventory Accountant

JOB SUMMARY:
The role is responsible for the provision of accounting support and guidance to the Aberdeen Support Functions (Supply Chain Management (SCM), HSE&A, IT), and for ensuring a financially controlled environment governing expenditure in these areas.
Responsible primarily for Inventory and the integrity of associated account balances, their timely analysis and reconciliation.
Be the Finance Business Partner for the Support Services (Inventory) - provide financial advice and challenge to deliver value for the function.

Technical/Functional:
- Develop strong working relationship with main interfaces within the Supply Chain - Management & IT teams, representing financial matters in this sphere of activity.
- Responsible for the monitoring and reporting on circa GBP120M of Inventory balances, working with Drilling and Operations accountants & SCM colleagues to ensure accurate recording of Inventory materials.
- Ensure that existing processes are kept up to date and followed by all.
- Responsibility for completing timely reconciliation of all Inventory balances.
- Monitoring balances and working with SCM on timely repair / disposal of obsolete or surplus materials.
- Work with Inventory Management Teams on Annual Physical Counts, review and validate reconciliation and verify count results are transacted correctly in the accounts.
- Validation of AFDs raised by SCM department, ensuring accuracy of cost information, sufficiency of back-up and notification of joint venture partners as required.
- Responsible for maintaining accounting policies & procedures for the Inventory
- Repair, Obsolescence, Capital/Insurance/Critical Spares.
- Provision of monthly Drilling and Production Materials Inventory Status Reports including Repairs, Obsolescence, Scrap & Write-offs.
- Responsible for preparation of invoices relating to inventory sales and other entry into finance system of other 3rd party trades arising in Aberdeen office.
- Familiarisation and review of contracts relevant to areas of responsibility to ensure contract compliance where relevant.
- Initiate Valuations Type set-up for new joint venture licences.
- Provision of monthly Outlook forecasts and variance analysis for IT area of responsibility.
- Support of internal and partner audits of expenditures relating to area of responsibility.
- Ensure accounting procedures enable Finance to demonstrate compliance with the requirements of the Sarbanes-Oxley Act.
- Assist in budget preparation by the creation of templates and co-ordination of input to partner and corporate budgets to meet set deadlines.
- Assist in the preparation and presentation of budget material for internal and partner review.
- Liaison with other departments to ensure a thorough understanding of the business processes as they relate to area of responsibility.
- Support the ongoing development of the SAP system and various initiatives, specifically in relation to issues affecting area of responsibility.
- Assisting with SAP set up for new country entries as required
- Ad-hoc duties as requested by the Support Services Accounting - Team Lead.
- Demonstrate core values and behaviour.
- Encourage and develop these values within the Aberdeen based Finance team.
- Identify areas for continuous improvement and actively work to implement process improvements.

QUALIFICATIONS/TRAINING:
Finance degree or equivalent.
Accountancy qualification or part-qualified (ACCA or CIMA) is preferable.
Considerable accounting background in the oil industry (experience of Inventory accounting is preferable).






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