Senior Finance Officer (Stocks)

The National Oil Company of Malawi (NOCMA), a wholly owned entity of the Government of Malawi, was established on 10 December 2010 under the Companies Act of 1984. Commencing operations in 2012, NOCMA's foundational objective is to guarantee Malawi's fuel supply security.

NOCMA holds the vital responsibility of importing petroleum products and acts as the Government's designated agent for managing the nation's Strategic Fuel Reserves (SFRs). These reserves are strategically located in Blantyre, Lilongwe, and Mzuzu, complemented by additional depots in Chilumba, Chipoka, and Mchinji.

Over its fourteen-year history, NOCMA has substantially expanded its national strategic importance. Its share of the fuel importation market surged from ten percent (10%) in 2015 to an average of seventy-seven percent (77%) by the 2025/2026 financial year. This significant growth is underscored by enhanced institutional capacity and strategic investments aimed at boosting operational efficiency and effectiveness.

Committed to sustained performance and excellence in fulfilling its mandate, NOCMA invites applications from highly qualified and experienced individuals for the following roles.

Successful candidates will receive an attractive remuneration package, benchmarked against their experience and qualifications, along with the chance to forge a significant executive career within the dynamic oil and gas industry.

SENIOR FINANCE OFFICER – STOCKS (NOC05) – CODE: SFO-S2026 – TENABLE AT HEAD OFFICE IN LILONGWE

JOB PURPOSE

The Senior Finance Officer (Stocks), reporting to the Finance Manager – Management Accounting, will be responsible for overseeing fuel stock management. This critical role ensures optimal inventory levels, prevents shortages or overstocking, and supports efficient operations through accurate supply forecasting, financing coordination, and comprehensive stock reporting and analysis for informed decision-making.

REPORTING LINE AND SUPERVISORY RESPONSIBILITY

This position supervises the Finance Officer – Management Accounting.

KEY DUTIES AND RESPONSIBILITIES

1. Collaborate closely with the Operations Department to forecast future fuel supply requirements and monitor current stock levels, ensuring uninterrupted supply.
2. Maintain precise and current fuel inventory records across the Company’s financial and operational systems.
3. Coordinate all financing arrangements essential for fuel procurement, guaranteeing the timely availability of funds for scheduled supply orders.
4. Facilitate the processing and continuous monitoring of Letters of Credit through effective liaison with financiers, suppliers, and the Supply function.
5. Monitor product storage levels and coordinate with the Operations team to ensure the security, integrity, and efficient management of all stored stock.
6. Organise and oversee periodic physical stock counts and subsequent reconciliations at all Company depots to maintain inventory accuracy and accountability.
7. Track stock movements diligently and implement robust inventory control systems to avert losses, shortages, or instances of overstocking.
8. Produce weekly and monthly stock reconciliation reports, incorporating detailed analyses of product margins, costings, and inventory variances.
9. Provide essential financial and analytical decision support, leveraging enterprise systems such as SAP and various Business Intelligence tools.
10. Execute reconciliations between physical stock balances, operational records, and financial system data to ensure overall accuracy and compliance.

THE PERSON

The ideal candidate should demonstrate the following key competencies:

1. Inventory & Financial Control – Proven ability to ensure precise stock accounting and reconciliation processes.
2. Analytical Skills – Capacity to provide reliable data and insightful analysis that supports critical decision-making.
3. Planning & Coordination – Expertise in effectively managing forecasts, financing activities, and stock-related operations.
4. Systems Management – Proficiency in utilising SAP and other relevant tools for maintaining accurate inventory and financial data.
5. Attention to Detail – A meticulous approach, ensuring high accuracy in all reports, reconciliations, and records.
6. Stakeholder Collaboration – Ability to work effectively and build strong relationships with both internal and external partners.
7. Compliance & Risk Management – Commitment to upholding controls, procedures, and regulatory requirements, while actively managing risks.

QUALIFICATIONS AND EXPERIENCE

1. A Bachelor’s degree in Accounting, Finance, Economics, or a closely related field, obtained from an accredited institution.
2. At least three (3) years of full and current membership with CIMA, ACCA, or a comparable professional body.
3. A minimum of six (6) years’ cumulative work experience in inventory finance, stock control, or supply chain finance, with a preference for experience within the petroleum or oil and gas sector. Four (4) of these years must have been spent in a similar capacity.

APPLICATION PROCEDURE

Candidates who meet the specified qualifications and experience are invited to submit their applications. These should include a cover letter, copies of academic certificates, a detailed curriculum vitae (CV), proof of professional body membership (if stipulated as a requirement), and the names, addresses, and phone numbers of three verifiable referees. Applications should be sent to the following address:

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
Email: nocmajobs@nocma.mw

Applicants must clearly indicate the Code for the position they are applying for on the envelope or in the email subject line.

The deadline for receiving applications is 18th April 2026.

In accordance with the Gender Equality Act of 2013, female candidates are strongly encouraged to apply. NOCMA is dedicated to fostering diversity and ensuring equal opportunities for all applicants.