JOB SUMMARY<\/b> <\/span><\/span><\/span>
<\/span><\/p>To drive profitability and\noperational efficiency of the lubricants business by ensuring robust inventory\ncontrol, accurate product costing, and complete revenue capture, while\nminimizing stock losses and financial leakages across production, warehousing,\nand distribution activities. through meticulous reconciliation and data\nanalysis.<\/span><\/span><\/span>
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<\/span><\/div>RESPONSIBILITIES\nAND ACCOUNTABILITIES<\/span><\/span><\/span><\/b>
<\/span><\/span><\/div>- Inventory\nAccounting & Control<\/span><\/span><\/b>:\nMaintain accurate records for bulk and packed lubricants across multiple\nwarehouses and distribution points.<\/span><\/span><\/span><\/span>
<\/span><\/li>- Stock Reconciliation &\n Variance Management<\/span><\/span><\/b>:\n Perform daily, weekly, and month\-end stock reconciliations between physical\n counts and ERP balances.<\/span>
<\/span><\/span><\/li><\/ul>o<\/span><\/span> <\/span><\/span><\/span><\/span>Investigate\nvariances (production losses, handling losses, pilferage) and escalate\nunresolved issues promptly.<\/span>
<\/span><\/span><\/p>o<\/span><\/span> <\/span><\/span><\/span><\/span>Track\nand report stock losses against approved thresholds.<\/span>
<\/span><\/span><\/p>- Product Costing &\n Production analysis<\/span><\/span><\/b>:\n Compute and maintain standard and actual product costs (base oil,\n additives, packaging, blending, logistics).<\/span>
<\/span><\/span><\/li><\/ul>o<\/span><\/span> <\/span><\/span><\/span><\/span>Analyze\nproduction variances and yield losses to support operational efficiency.<\/span>
<\/span><\/span><\/p>o<\/span><\/span> <\/span><\/span><\/span><\/span>Support\nperiodic review of cost assumptions and bill of materials (BOM).<\/span><\/span>
<\/span><\/p>- Margin\n& Forecasting Analysis<\/span><\/span><\/b>:\nMonitor product profit margins and prepare cost performance reports to support\nmanagement in pricing and budgeting decisions.<\/span>
<\/span><\/span><\/span><\/span><\/li><\/ul>- Sales Reconciliation<\/span><\/span><\/b>: Review and reconcile\n lubricant sales transactions across various channels to ensure all revenue\n is accurately captured and posted.<\/span>
<\/span><\/span><\/li>- Receivables Management<\/span><\/span><\/b>: Monitor customer balances\n and support the follow\-up of outstanding receivables to ensure healthy\n cash flow.<\/span>
<\/span><\/span><\/li>- Compliance & Financial\n Reporting<\/span><\/span><\/b>:\n Prepare periodic financial reports on sales and stock positions, ensuring\n all records comply with regulatory standards and supporting annual audit\n processes. <\/span>
<\/span><\/span><\/li>- Data Integrity<\/span><\/span><\/b>: Ensuring the accuracy and\n completeness of all inventory and financial data within the company\u2019s ERP\n system.<\/span>
<\/span><\/span><\/li>- Stock Loss Control<\/span><\/span><\/b>: Monitoring and\n controlling stock losses to ensure they stay within approved company\n thresholds.<\/span>
<\/span><\/span><\/li>- Valuation Accuracy<\/span><\/span><\/b>: Ensuring lubricant\n inventory valuation aligns with established principles, such as FIFO\n (First\-In, First\-Out).<\/span>
<\/span><\/span><\/li>- Audit Readiness<\/span><\/span><\/b>: Maintaining meticulous\n documentation of all transactions to facilitate smooth internal and\n external audits.<\/span>
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<\/span><\/span><\/p><\/div><\/span> Requirements<\/h3>QUALIFICATION\nAND SKILL REQUIREMENTS <\/span><\/span><\/span><\/b>
<\/span><\/span><\/p>- Bachelor's\ndegree in Finance, Accounting, or a related field.<\/span><\/span><\/span>
<\/span><\/span><\/span><\/li>- Professional\nqualification such as ACCA/ICAN or equivalent\- completed or in progress<\/span><\/span><\/span>
<\/span><\/span><\/span><\/li>- 1\-3 <\/span><\/span><\/span><\/span><\/span>years of experience in accounting roles within the oil and gas, retail\nmanufacturing, or FMCG (Fast\-Moving Consumer Goods) sectors.<\/span><\/span><\/span>
<\/span><\/span><\/span><\/li>- Strong\nunderstanding of inventory accounting and cost control<\/span><\/span><\/span>
<\/span><\/span><\/span><\/li>- Analytical\nmindset with the ability to detect anomalies and leakages<\/span><\/span><\/span>
<\/span><\/span><\/span><\/li>- Proficiency\nin ERP systems (SAP, Oracle, or similar) and Excel<\/span><\/span><\/span>
<\/span><\/span><\/span><\/li>- High\nattention to detail and strong reconciliation skills<\/span><\/span><\/span>
<\/span><\/span><\/span><\/li>- Ability\nto work in a fast\-paced, operational environment<\/span><\/span><\/span><\/span>
<\/span><\/li>- Good\nstakeholder management (operations, depot staff, commercial teams)<\/span><\/span><\/span><\/span>
<\/span><\/li>- Interested candidates must reside in Warri, Delta State. <\/span><\/span><\/span>
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