Energy Risk and Accounting Senior Analyst
Salary undisclosed
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Key Responsibilities:
Ensure that all request are approved, reviewed and updated into system according to agreed timeline
Execute and ensure timely completion of all the activities of the Stock Valuation & Margin Segmentation Team including the running of stock valuation programs at month end, which includes FIFO, NRV, CCS, COGS, GINI and GRANI
Complete SOAR balance sheet recons and update status on a monthly basis in MOE
Capture manual journal entries in GSAP R/3
Ensure compliance with all Global standards and streamline policies (i.e. OMP policies and IFRS standards)
Identify and understand key components/movements in Inventories GL and key contract details updated in the system (e.g. fixed price/ formula price).
Validate that all movement transactions which have physically taken place have been accurately and completely recorded in the system before stocks are reconciled.
Validate if discrepancies exist, that they are being investigated and resolved on timely basis.
Reconcile book vs physical stocks on regular basis, and on time for period end close.
Investigate and resolve any discrepancies with figures from 3rd party operated depots, including stock differences outside of tolerance.
Post any final stock differences within allowed tolerance to the appropriate gain/loss accounts in accordance to the Manual of Authorities (MoA), in compliance with GSAP and SOX guidelines.
Prepares overview of losses & gains for approval.
Understand and implement the corresponding financial controls associated with the process to mitigate financial reporting risks
Ensure timely storage of evidence on task carried out in Global Records Management System
Provide information to direct stakeholders timely, accurately, and professionally
Identify and assist in developing solutions for issues identified for operating units in scope of role
Apply ESSA (Eliminate, Simplify, Standardize, Automate) mindset to drive process simplification and improvement
Ensure timely and accurate deliveries of team’s KPIs
Ensure compliance and execution of RDS, Key Controls and Non Key Controls in accordance to Shell Controls Framework
Projects / Assignments Participate (which include delivery of the deliverables within the stipulate timeline, issues escalation and manage expectation gaps) in external and internal rollout/projects / assignments.
Qualifications:
Degree in Finance/Accounting, preferably with professional certification (i.e. ACCA/CIMA/CPA, etc.)
Strong financial background and understanding of internal controls
Minimum 3 years’ experience in any Accounting-related field. (Understanding of SAP is an added advantage)
Strong adherence to processes, policies, and procedures
Good problem-solving skills, analytical abilities, and inquisitive mindset
Excellent communication skills (both written and oral) as well as interpersonal and relationship building skills
Understanding of product measurement and accounting practices, inventory management, costing and impact on stock valuations is an added advantage
Capable of working under pressure and highly driven to meet deadlines
Ability to work independently and as part of a team
Ability to integrate business and process knowledge
Ability to gain an in-depth knowledge and understanding of GSAP contracts, pricing and material movements, its relation to settlement process, the source, document flow & associated fields
Willing to work across time zones as needed
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