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Senior Finance Officer – Stocks Controls

Date Posted: Mar 15, 2021
Monthly Salary: 0 MWK - 0 MWK

Job Description

The National Oil Company of Malawi (NOCMA) whose main objective to ensure security of fuel supply in Malawi is a wholly owned Malawi Government Company established under the Company’s Act of 1984 on the 10th December 2010 and commenced its operation in 2012. NOCMA is responsible for managing the Country’s 60 million litres Strategic Fuel Reserves situated in Blantyre, Lilongwe and Mzuzu; and smaller depots in Chilumba, Chipoka and Mchinji.

Over the past eight (8) years, the Company has grown tremendously in its national strategic importance with its fuel importation market share growing from ten percent (10%) in 2015 to an average of sixty-Five percent (65%) in 2019/20 and this has been matched with growth in Institutional capacity and investments to enable efficiency and effectiveness in executing its mandate.

In its drive to ensure improved and sustained efficiency and effectiveness in delivery of its mandate, NOCMA is seeking to recruit qualified and experienced candidates to fill various highly rewarding positions that have arisen within the Company.

An attractive remuneration package commensurate with experience and qualification is on offer to the right candidates with prospects to build a meaningful career within the Oil Industry.

NOCMA is therefore excited to invite interested applications to apply for the following position:

Position: Senior Finance Officer – Stocks Controls 

tenable at Head Office in Lilongwe

Specific Responsibilities

Reporting to the Finance Manager – Management Accounts the position holder will be expected to:

  • Work with the Operations department to forecast fuel supply and demand to prevent overstocking and running out-of-stock (OOS)
  • Maintain an up-to-date fuel supply stock details (vendor’s information, invoices and pricing) in the Company’s internal databases;
  • Liaise with relevant departments and/or sections to ensure coordination between fuel supply financing requirements based on projected fuel supply order;
  • Support provision of timely information to support processing of letters of credits with financiers, suppliers and the Company’s supply section;
  • Oversee product storage and ensure security of supply in liaison with the Operations;
  • Coordinate regular product stock taking at all the Company’s depot
  • Keep updated product inventory records
  • Produce weekly stock reconciliations: Carrying out monthly stock checks, handling stock discrepancy investigations, organizing stock-takes and producing reports, producing monthly sales margins and castings for the business.
  • Provide business and analytical decision support using tailored system applications (i.e., SAP, Business Intelligence).
  • Perform reconciliation between internal and system records;
  • And any other duties as assigned by Immediate Supervisors.

Qualifications, Skills and Experience

  • Bachelor’s Degree in Accounting and ACCA, CIMA or at least advanced stage towards acquiring professional qualification
  • 5-10 years of solid stock control experience
  • Proven track record in working with multidisciplinary teams
  • Knowledge of supply and distribution businesses
  • Demonstrated skill balancing risk and reward in decision making process
  • Knowledge of geographic footprint and industry players in the country
  • Proven ability to build internal and external networks to enhance business and share knowledge
  • Strong communication skills – written & verbal
  • Skillful use of MS Office suite
  • Negotiations – Ability to effectively close deals while ensuring mutual value. Is able to drive customer conversations to a “win-win”. Experience in effectively managing difficult conversations. Ability to effectively leveraging customer relationships through a negotiations process.
  • Value Maximization – Ability to construct account reviews with customers.
  • Interpersonal Interaction – Ability to express ideas and points of view in a clear, well-structured, and concise manner. Is able to influence and persuade others through communications.

Application procedure

Eligible candidates meeting the required qualifications and experience should send applications with cover letter, copies of certificates, detailed curriculum vitae (CV), names, addresses and telephone numbers of three traceable referees to the following address by the 25th March 2021;

The Deputy Chief Executive Officer

National Oil Company of Malawi Ltd

4th Floor, Kang’ombe House

Private Bag 370


Attention: Mrs. Molly Chilizani, Human Resources Officer


Female candidates are strongly encouraged to apply as NOCMA is committed to achieving relevant quota provisions in the Malawi Gender Equality Act 2013

Skills Required

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Job Detail

  • Location
  • Company
  • Type
    Full Time
  • Positions
  • Apply Before
    26 Mar, 2021

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