Inventory Accountant

10 Jan 2018
09 Feb 2018
Contract Type
Full Time
We are currently recruiting for an Inventory Accountant on behalf of our client, a major oil and gas operator based in Aberdeen. This is a contract position initially until the end of the year.
The role is responsible for the provision of accounting support and guidance to SCM, HSE and IT, and for ensuring a financially controlled environment governing expenditure in these areas.
Duties include;
  • Develop strong working relationship with main interfaces within the Supply Chain Management & IT teams, representing financial matters in this sphere of activity.
  • 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 AFD’s 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
  • Provision of monthly Outlook forecasts and variance analysis for IT area of responsibility.
  • 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.
  • 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

Qualifications required;
  • 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).

Skills required;
  • Ability to plan and prioritise in order to meet tight, sometimes conflicting deadlines.
  • Ability to perform a critical review of financial information
  • Oil industry experience essential.
  • Experience of accounting for joint venture and / or Inventory accounting.
  • Experience of preparing management reporting in a timely and accurate manner.
  • Excellent systems skills required - SAP experience preferred.

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