Lubes Account Officer

• Inventory Accounting & Control: Maintain accurate records for bulk and packed lubricants across multiple warehouses and distribution points.
  
• Stock Reconciliation & Variance Management: Perform daily, weekly, and month-end stock reconciliations between physical counts and ERP balances.
  

o   Investigate variances (production losses, handling losses, pilferage) and escalate unresolved issues promptly.

o   Track and report stock losses against approved thresholds.

• Product Costing & Production analysis: Compute and maintain standard and actual product costs (base oil, additives, packaging, blending, logistics).
  

o   Analyze production variances and yield losses to support operational efficiency.

o   Support periodic review of cost assumptions and bill of materials (BOM).

• Margin & Forecasting Analysis: Monitor product profit margins and prepare cost performance reports to support management in pricing and budgeting decisions.
  

• Sales Reconciliation: Review and reconcile lubricant sales transactions across various channels to ensure all revenue is accurately captured and posted.
  
• Receivables Management: Monitor customer balances and support the follow-up of outstanding receivables to ensure healthy cash flow.
  
• Compliance & Financial Reporting: Prepare periodic financial reports on sales and stock positions, ensuring all records comply with regulatory standards and supporting annual audit processes. 
  
• Data Integrity: Ensuring the accuracy and completeness of all inventory and financial data within the company’s ERP system.
  
• Stock Loss Control: Monitoring and controlling stock losses to ensure they stay within approved company thresholds.
  
• Valuation Accuracy: Ensuring lubricant inventory valuation aligns with established principles, such as FIFO (First-In, First-Out).
  
• Audit Readiness: Maintaining meticulous documentation of all transactions to facilitate smooth internal and external audits.
  

QUALIFICATION AND SKILL REQUIREMENTS

• Bachelor's degree in Finance, Accounting, or a related field.
  
• Professional qualification such as ACCA/ICAN or equivalent- completed or in progress
  
• 1-3 years of experience in accounting roles within the oil and gas, retail manufacturing, or FMCG (Fast-Moving Consumer Goods) sectors.
  
• Strong understanding of inventory accounting and cost control
  
• Analytical mindset with the ability to detect anomalies and leakages
  
• Proficiency in ERP systems (SAP, Oracle, or similar) and Excel
  
• High attention to detail and strong reconciliation skills
  
• Ability to work in a fast-paced, operational environment
  
• Good stakeholder management (operations, depot staff, commercial teams)
  
• Interested candidates must reside in Warri, Delta State.