Retail AP & Inventory Accounting Team Lead

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

About bp

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!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Additional Information

Skills and competencies

Ensure accurate and timely delivery of end-to-end process in Inventory accounting and reporting (i.e. journal postings, GL maintenance, system postings, report preparation, reconciliations, MIRO, MIGO, FBL1N etc.) in accordance with SLAs.

Manage and coordinate the reconciliation of the respective systems to ensure they balance and that any discrepancies or variations are investigated and corrected.

Sound knowledge on SAP

Manage monthly/quarterly close-related activities for Inventory and Sales within the timelines as specified. Perform analytical reviews to ensure accuracy and completeness of all month end activities.

Ensuring all internal controls pertaining to the process are adhered.

Proactively identify, propose and implement continuous improvement opportunities in existing processes within the team.

Able to handle conflicting work issues and deadlines to ensure results are met and knows when to bring up urgent matters in a timely manner.

Able to prioritize, handle urgent issues and situations, following through to resolution in a timely manner and focusing efforts to deliver business value, advancing properly if needed

Able to produce consistently high-quality information within tight deadlines

Good interpersonal, influential and decision-making skills to manage and maintain good relationships with key collaborators.

Able to deal with sophisticated situations while maintaining the right balance of vendor and business focus

Able to consistently review and adapt approach and style to meet constantly evolving requirements.

Ensure timely and accurate balance sheet reconciliations (Inventory, GR/IR, AP, accruals, clearing accounts) in line with policy and SLAs.

Investigate and resolve reconciling items, aged balances, and variances, ensuring proper root cause analysis and closure within defined timelines.

Drive standardization and governance of reconciliation processes, including documentation, review controls, and audit readiness.

Partner with stakeholders (Field Accounting, GL, Ops) to resolve complex discrepancies across sub-ledgers and GL.

Monitor open items and clearing activities to ensure completeness and accuracy of financial records.

Support internal and external audits by ensuring strong reconciliation documentation and SOX compliance.

Lead and manage a team of AP & Inventory accounting professionals, ensuring clear ownership, workload balancing, and performance delivery.

Provide coaching, mentorship, and development support to team members, driving capability building and succession planning.

Set clear goals and KPIs, and conduct regular performance reviews and feedback discussions.

Drive a high-performance culture with focus on quality, control, and continuous improvement.

Act as a single point of escalation for operational issues, ensuring timely resolution and stakeholder alignment.

Manage stakeholder communication and coordination across operations, finance, and business teams.

Lead process transitions, knowledge transfer, and change management initiatives within the team.

Support hands-on invoice posting as required to manage volumes, reduce backlog, and ensure SLA adherence while maintaining control and quality.

Travel Requirement

No travel is expected with this role

Relocation Assistance:

This role is eligible for relocation within country

Remote Type:

This position is a hybrid of office/remote working

Skills:

Accounting policy, Accounting policy, Accounting Processes and Financial Systems, Agility core practices, Agility tools, Analytical Thinking, Business Acumen, Business process control, Business process improvement, Collaboration, Commercial Acumen, Communication, Creativity and Innovation, Credit Management, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Fluency, Financial Reporting, Influencing, Internal control and compliance, Management Reporting, Managing change, Presenting {+ 4 more}

Legal Disclaimer:

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

Legal Disclaimer:

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks. job description

Disclaimer

This is a high-level summary only of terms and current discretionary benefits applicable to certain roles. Some rewards, benefits and policies are at managers’ discretion and vary depending on where you work within the business. All terms subject to contract and all discretionary benefits subject to policy and eligibility.