Finance AreaInventory Management- T

Finance Area

Inventory Management
- Timely and accurate inventory management processing take ownership and initiative until transaction is successfully and accurately processed, responsibilities could include any of the following tasks:
- Master data maintenance
- Run required reports
- Stocks reconciliation (volume and value) by location
- Account for losses and gains
- Thoroughly check work prior to completion of posting to avoid unnecessary corrections
- Understand and account for excise
- Collate and input data with high level of accuracy and in accordance with GFRM
- Input information into systems, maintain and update account records
- Communicate with internal and external customer in an effective and efficient manner
- Act as an effective team player
- Development and enhancement of stock reporting process.
- Develop, analyse and report stock provision needs including usage
- Analyse all stock related costs and develop apportionment processes to more accurately charge individual business units.
- Hold regular meetings with the Supply Chain Team to review stock positions and issues.
- Develop reporting processes to view real-time stock data
- Support the annual budgeting process regarding stock
- Produce stock forecasts to support business needs.
- Control of price protection and returns
- Reconcile stock status to the nominal ledger
- Reconciliations by supplier
- Perform account analysis for all stocks and SPO suppliers as assigned in the SoAR tool on monthly basis.

Fixed Assets Management
- Accurate recording of additions, disposals, retirements, transfers, etc.;
- Periodic verification of assets registered and physical count.
- Monthly calculation of Depreciation under VAS and IFRS;
- Monthly calculation of Asset Retirement Obligation (decommissioning provision), Accretion, etc.; - Custodian of the Asset Disposal Policy.

Business Supports & Controls

-Check & verify each of Sales Transaction to ensure the sales invoice matching to inventory-out
-Check the relevant Cost of Goods sold to ensure the data linking to ledger accurately.
-Verify all debate/ discount transactions, proceed funding transactions
-Liaise with business for any matter relevant to stock, sales & cogs entries

Planning & Appraisal
- Support the annual budgeting process regarding stock
- Produce stock forecasts to support business needs.

Business Appraisal (short term/monthly)
- Support the annual budgeting process regarding stock
- Produce stock forecasts to support business needs.
- Track and reconcile Adjustments
- Monitor Actual Capex Spending with Capex Budget

Governance and Business Controls
- Ensure that all relevant Shell standards and guidelines are met; compliance to SOX rules and guidelines Comply with group requirements, CoB MoA and control procedures.
- Ensure that the Finance Controls Manual (FCM) is embedded across the business relevant to inventory management & fixed asset management.