SENIOR FINANCE OFFICER (STOCKS)

VACANCY ANNOUNCEMENT@ National Oil Company of Malawi (NOCMA)

POSITION: SENIOR FINANCE OFFICER (STOCKS)

Location: Lilongwe

OVERVIEW The National Oil Company of Malawi (NOCMA) is a wholly owned Government of Malawi company established under the Companies Act of 1984 on 10 December 2010. The Company commenced operations in 2012 with the primary objective of ensuring security of fuel supply in Malawi.

NOCMA is responsible for the importation of petroleum products and serves as Government’s agent in managing the Country’s Strategic Fuel Reserves (SFRs) located in Blantyre, Lilongwe, and Mzuzu, as well as other depots in Chilumba, Chipoka, and Mchinji.

Over the past fourteen (14) years, the Company has grown significantly in national strategic importance. Its fuel importation market share increased from ten percent (10%) in 2015 to an average of seventy-seven (77%) in the 2025/2026 financial year. This growth has been matched by strengthened institutional capacity and strategic investments to enhance operational efficiency and effectiveness.

In pursuit of sustained performance and excellence in delivering its mandate, NOCMA invites applications from suitably qualified and experienced candidates to fill the following positions.

An attractive remuneration package commensurate with experience and qualifications will be offered to the successful candidates, with an opportunity to build a meaningful executive career within the oil and gas industry.

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

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

The Senior Finance Officer – Stocks will have a 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. THE PERSON

The required candidate should have the following competences:

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 three (3) years of full & current membership of CIMA, ACCA, or a related professional body. A minimum of six (6) years’ cumulative work experience in inventory finance, stock control, or supply chain finance, preferably in the petroleum or oil and gas sector, four (4) of which should have been spent in a comparable role. APPLICATION PROCEDURE

Interested candidates who meet the required qualifications and experience should send applications with cover letter, copies of certificates, detailed curriculum vitae (CV), proof of membership of professional body (where this is stipulated as a requirement), names, addresses and phone contact numbers of three traceable referees 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 should state clearly on the envelope or in the subject line of an email, the Code for the Post they are applying for.

The closing date for receipt of applications is 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.