Stock Taxation Accountant
Vivo Energy , Mauritius

Experience
1 Year
Salary
0 - 0
Job Type
Job Shift
Job Category
Requires Traveling
No
Career Level
Telecommute
No
Qualification
Bachelor's Degree
Total Vacancies
1 Job
Posted on
Sep 12, 2021
Last Date
Dec 12, 2021
Location(s)

Job Description

The Stock amp; Taxation Accountant role is to ensure proper stock accounting and valuation while being the focal point for current and deferred taxes operations. This role will also deal with:

  • Company Owned Company Operated (COCO) Transaction and report
  • Perform margin amp; gain / loss analysis
  • Monitoring of cost pricing in the system
  • Coordination of stock-take activities.


Position Accountabilities

Stock valuation

  • Monitor daily the Stock Module costing system to ensure accuracy of cost prices in the system.
  • Process inventory cost changes as and when necessary.
  • Prepare FIFO/NRV monthly.
  • Prepare gain loss adjustment.
  • Prepare gain loss analysis and temperature difference monthly.
  • Calculate and update cost of international products on the accounting software (SAP).
  • Coordinate, process and account for windfall gains/losses arising from Automatic Price Mechanism (APM) cost change.
  • Insert landed cost revision.

GL Management

  • Prepare monthly stock reconciliation Book stock vs Physical stock.
  • Prepare and process Journal Entries to ensure completeness and accuracy of accounting data.
  • Prepare monthly balance sheet stock reconciliations.

Reporting

  • Participate in the Tamp;R process in margin determination.
  • Margin analysis for all products to identify and investigate margin anomalies.
  • Statistic - Prepare amp; provide reports to the Central Statistical Office (CSO) by channel of trade. Also provide report to MRA and business as amp; when required.
  • Stock Management Network (SMN) champion for the business.
  • Ensuring stock goal zero deliverables are shared by WD7.

Supply amp; Distribution Partnering

  • Participate in the monthly Samp;D meetings.

Month-end closure

  • Assist during month-end closure activities.

Stock-take

  • Organise regular stock-take exercises at COCO sites for both retail and shops.

COCO Management

  • COCO - Performing all the accounting tasks for the COCO sites.

Pricing

  • Approval of pricing maintenance in SAP

Current and Deferred Tax

  • Prepare and file annual corporate tax returns/quarterly APS as per MRA deadlines and ensure payments are effected to MRA.
  • Assist the Financial Controller to manage all Audit queries from Tax authorities.

Requirements

Qualifications, Job Knowledge, Skills amp; Experience

  • Minimum Degree in Finance / Accounting with 2-3 year s of experience
  • ACCA would be an advantage
  • Good organizational and communication skills
  • Conversant with SAP and Microsoft Office tools

Job Specification

Vivo Energy

Information Technology and Services - Port Louis, Mauritius