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Team Lead Inventory Accounting

Contract Type
Banking & Finance, Energy & Manufacturing, Finance
Naperville, Illinois
Expiry Date
The Inventory Team Leader is responsible for the review and approval of crude and refined products inventory reconciliations for Refining & Marketing business.

Job Description

This role includes approval of exchanges, 3rd party and proprietary terminals, pipelines, and in-transit truck & bulk locations. In addition the team lead reviews and approves weekly and monthly transportation invoices for payment. The team lead is responsible for the review of monthly storage and handling fee accruals during month-end close. The team lead reviews and approves all exchange settlements as well as gain/loss, write offs and out of period adjustments within appropriate delegation. The team lead is responsible for delivering a successful close each month. The team lead is responsible for driving the CI agenda for the team and actively demonstrating BP and the GBS&#x 2019;s core principles. The Inventory team works closely with Marketing Supply negotiators, Supply Balance Coordinators, Schedulers, Settlement Analysts, and Transaction Control. There is also regular interaction with other BU’s such as Global Oil, Fuels Marketing, embedded Finance and Air BP as well as externally with our 3rd Party partners. This position will be responsible for leading a team of X analysts and supporting their day-to-day activities, including reconciliation and payment approvals, root cause analysis, identifying process improvement opportunities. This also includes mentoring, coaching, assisting with career development and performance appraisals.


This position will have decision making authority for managing a team, as well as coaching and mentoring individuals within that team. This individual functions in a fast paced, dynamic environment, regularly interacting with business management, financial team members and other internal/external partners across the GBS. This role has overall responsibility for the execution of performance and people management for each of the teams within its accountability. This individual interacts with business partners, leadership, peers and cross functional teams on a daily basis.


  • Reconciliation approval of exchange, truck & bulk activity for Crude and Products
  • Payment review and approval for transportation and storage fees, gain/loss settlement, and exchange differentials.
  • Monitoring control reports to ensure accurate financial data
  • Identification and resolution of internal control gaps
  • Facilitation and maintenance of internal and external business relationships
  • Manage new business implementation and CRF’s for the team
  • Carry out people management responsibilities in accordance with the organization's policies and applicable laws, including planning, assigning and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems


  • Bachelor’s degree in Accounting, Finance or Business related field.



  • One year leadership/management experience
  • Six years general accounting/finance or Petro-chemical or supply chain industry experience
  • Proficiency with SAP or other comparable ERP system
  • Experience with month-end close activities and meeting project deadlines
  • Proven experience in coaching and leading high performing teams.