ARC Financial Accountant (Lubes) at BP International

Job Description:

This role will support the Lead Accountant – IB’s to ensure the following:-

• Lubricants financial information for South Africa, Most of Africa and Supply Chain is fully prepared, analysed and understood in an accurate and timely manner in compliance with relevant accounting and Group standards
• All Balance Sheet reconciliations are performed to the required Group standard (reconciled, validated, verified)
• Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.

Key Accountabilities

• To complete Lubricants month end close activities in an accurate and timely manner
• Assist in the preparation of accurate monthly financials for Lubricants business (Balance Sheet, Income Statement), including analysis, which explains business unit performance in a clear and timely manner

Calculation and Processing of Monthly Journals such as:

• Blendcor Joint Venture (proforma invoices; Closing Stock)
• Royalties calculation
• Reclassification of group sales & debtors
• Rose Levy (alignment, accrual & payment)
• Payroll, Pension & Medical Aid re-allocation
• Difference in Exchange rate restatements (debtors & sales)
• Bad debts provision
• BP Supply Purchases and Group Creditor accrual
• Depreciation alignment
• Re-allocation of Supply Chain costs from Operating Unit (creditors, VAT, payroll)
• Additional Information (sales volume, depot volumes) for financial statement reporting and disclosure

Perform Balance sheet reconciliations such as:

• Blendcor Joint Venture (Current Account Recon; Proforma Billing Consolidation & Stock Losses)
• JDE/ISP interface account reconciliation
• Regular review and reconciliation of stock accruals
• Various Balance Sheet accruals & provisions
• Calculation and processing of Recovery Journals such as
• Blendcor Recoveries
• Weekly Recoveries for Blendcor weekly product despatches
• Co-ordination of the Quarterly Balance Sheet Integrity process
• To support the Team Lead in the standardisation, automation and improvement of processes and reporting systems across the business.

Qualifications, Experience and Competencies

Essential Education

• B.Com (Accounting or Finance) degree or equivalent is essential
• Experience working on JDE will be an advantage.

Essential Experience

• 3-4 years experience in an Accounting/Auditing environment, preferably in the oil industry
• Must be a highly motivated and a high performing individual
• Strong analytical skills
• Must be able to present a structured, methodical approach to problem solving
• Track record of supporting Continuous Improvement in a current or prior business/professional roles
• Advanced knowledge of Microsoft Office, particularly Excel.
• We support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to crafting an inclusive environment in which everyone is respected and treated fairly.
• There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, collaboration spaces in a modern office environment, and many others benefits! We operate a hybrid model with 60% from the office and 40% from home with flexibility as agreed with line management.

Travel Requirement

• No travel is expected with this role

Relocation Assistance:

• This role is not eligible for relocation

Remote Type:

• This position is a hybrid of office/remote working