NATIONAL OIL COMPANY OF MALAWI – SENIOR FINANCE OFFICER (STOCKS)
Location: Lilongwe (Head Office)
Grade: NOC05
Code: SFO-S2026
📅 Deadline: 18th April 2026
The National Oil Company of Malawi (NOCMA) is a wholly owned Government of Malawi company responsible for ensuring security of fuel supply, importing petroleum products, and managing Strategic Fuel Reserves. NOCMA invites applications for the position of Senior Finance Officer – Stocks.
Job Purpose:
Reporting to the Finance Manager – Management Accounting, the Senior Finance Officer (Stocks) oversees fuel stock management to ensure optimal inventory levels and prevent shortages or overstocking. The role supports supply forecasting, coordinates financing, and produces accurate stock reports and analysis to support efficient operations and informed decision-making.
Reporting Line and Supervisory Responsibility:
Reports to the Finance Manager – Management Accounting. Has supervisory responsibility over the Finance Officer – Management Accounting.
Key Duties and Responsibilities:
- Collaborate with the Operations Department to forecast fuel supply requirements and monitor stock levels to ensure continuity of supply
- Maintain accurate and up-to-date fuel inventory records in the Company's financial and operational systems
- Coordinate financing arrangements for fuel procurement, ensuring timely availability of funds for planned supply orders
- Facilitate the processing and monitoring of Letters of Credit in liaison with financiers, suppliers, and the Supply function
- Monitor product storage levels and coordinate with Operations to ensure security, integrity, and efficient stock management
- Coordinate periodic physical stock counts and reconciliations at all Company depots to ensure inventory accuracy and accountability
- Monitor stock movements and maintain effective inventory control systems to prevent losses, shortages, or overstocking
- Prepare weekly and monthly stock reconciliation reports, including analyses of product margins, costings, and inventory variances
- Provide financial and analytical decision support using enterprise systems such as SAP and Business Intelligence tools
- Perform reconciliations between physical stock balances, operational records, and financial system data to ensure accuracy and compliance
Competencies:
- Inventory & Financial Control – Ensures accurate stock accounting and reconciliation
- Analytical Skills – Provides reliable data and insights to support decisions
- Planning & Coordination – Effectively manages forecasts, financing, and stock activities
- Systems Management – Uses SAP and other tools to maintain inventory and financial data
- Attention to Detail – Maintains accuracy in reports, reconciliations, and records
- Stakeholder Collaboration – Works effectively with internal and external partners
- Compliance & Risk Management – Ensures adherence to controls, procedures, and regulations
Qualifications and Experience:
- Bachelor's degree in Accounting, Finance, Economics, or a related field from an accredited institution
- At least 3 years of full and current membership of CIMA, ACCA, or a related professional body
- Minimum of 6 years' cumulative work experience in inventory finance, stock control, or supply chain finance, preferably in the petroleum or oil and gas sector, with 4 years in a comparable role
How to Apply:
Send your application with cover letter, copies of certificates, detailed CV, proof of professional body membership (where required), and names/addresses/phone contacts of 3 traceable referees to:
The Chief Executive Officer
National Oil Company of Malawi
4th Floor, Kang'ombe House, City Centre
Private Bag 370, Lilongwe
Attention: The Human Resources & Administration Manager
📧 nocmajobs@nocma.mw
Important: Clearly state the Code for the Post (SFO-S2026) on the envelope or in the email subject line.
Deadline: 18th April 2026
In line with the Gender Equality Act of 2013, female candidates are strongly encouraged to apply. NOCMA is committed to promoting diversity and ensuring equal opportunities for all applicants.
📢 For more job updates, visit: 👉 www.mvungi.com