Nepal Energies is a leading player in the Downstream, midstream and upstream sector of the oil and gas industry in country , we have branches cut across different regions in the country and across africa.
We are recruiting to fill the position below:
Job Title: Lubricant Accountant
Location: Ikoyi, Lagos
Employment Type: Full-time
Key Responsibilities
Lubricant Stock Accounting & Control:
- Maintain accurate stock records for bulk and packed lubricants across all assigned depots and warehouses.
- Record and reconcile all stock movements including receipts, issues, repacking, inter-depot transfers, and returns.
- Ensure daily reconciliation between physical stock, depot records, and ERP balances.
Packed Lubricants Inventory Management:
- Account for packed lubricants by grade, SKU, pack size, batch number, and production date.
- Monitor slow-moving, damaged, or obsolete stock and escalate for management action.
- Ensure stock issuance aligns strictly with approved sales and dispatch instructions.
Goods Receipt & Dispatch Verification:
- Verify Goods Received Notes (GRNs), delivery notes, waybills, and supplier invoices for accuracy.
- Confirm quantities, product grades, packaging condition, and batch details upon receipt.
- Validate dispatch documentation to ensure correct stock release.
ERP Posting & System Integrity:
- Post all lubricant stock transactions promptly and accurately in the ERP system.
- Ensure correct mapping of depots, storage locations, product codes, and units of measurements (UOM).
- Support maintenance of accurate master data for lubricant SKUs.
- Generate ERP-based inventory and variance reports.
Inventory Valuation & Cost Monitoring:
- Ensure lubricant inventory valuation are in line with the required accounting policies – First in, first out (FIFO).
- Track blending, packaging, handling, and freight costs related to lubricant stock.
- Support pricing, margin analysis, budgeting, and financial close processes.
Physical Stock Counts & Audits:
- Coordinate and participate in monthly, quarterly, and year-end stock counts.
- Reconcile physical counts against ERP balances for both bulk and packed lubricants.
- Prepare variance analysis reports and recommend corrective actions.
- Support internal and external audit exercises.
Loss Control & Risk Management:
- Monitor and report handling losses, spillages, evaporation, pilferage, and write-offs.
- Ensure losses remain within approved tolerance levels and escalate exceptions.
- Strengthen internal controls around lubricant storage, loading, and dispatch.
Regulatory & Compliance Support:
- Maintain proper inventory documentation to support NMDPRA and other regulatory requirements.
- Support environmental, safety, and operational compliance audits at depots.
Reporting & Management Support:
- Prepare daily, weekly, and monthly stock reports showing opening balances, movements, and closing positions.
- Provide management insights on stock turnover, aging, depot performance, and operational efficiency.
Cross-Functional Collaboration:
- Work closely with Operation team, Supply Chain, Sales team, and Blending/Production plant.
- Resolve stock-related issues impacting depot operations or customer deliveries.
Process Improvement:
- Recommend improvements to inventory handling, documentation, and system controls.
- Support automation and continuous improvement initiatives within stock accounting processes.
Key Performance Indicators (KPIs)
- Accuracy of stock records and reconciliations
- Timeliness of ERP postings and reports
- Level of inventory variances and losses
- Audit findings related to inventory
- Compliance with stock handling and reporting procedures.