Senior Finance Officer – Stocks Job in Malawi

Job Overview

National Oil Company of Malawi (NOCMA) is inviting applications from experienced and highly qualified professionals for the role of Senior Finance Officer – Stocks (NOC05) based at the Head Office in Lilongwe, Malawi. This is an excellent opportunity for finance and accounting professionals seeking to build a long-term executive career in the oil and gas industry, inventory finance, petroleum stock management, and financial operations.

The successful candidate will report directly to the Finance Manager – Management Accounting and will play a key role in fuel stock oversight, inventory financing, supply forecasting, financial reporting, and operational decision-making.

Professionals searching for finance jobs in Malawi, senior finance officer jobs, inventory finance careers, stock control jobs, oil and gas finance jobs, management accounting jobs, supply chain finance roles, petroleum accounting careers, financial analyst jobs, and SAP finance jobs may find this opportunity highly rewarding.

Job Details

Company Name: National Oil Company of Malawi (NOCMA)
Job Title: Senior Finance Officer – Stocks (NOC05)
Job Code: SFO-S2026
Location: Lilongwe, Malawi
Department: Finance – Management Accounting
Job Type: Full-Time
Employment Type: Permanent / Executive Career Opportunity
Industry: Oil & Gas / Petroleum / Energy

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About NOCMA

Established in 2010 under the Companies Act of 1984, NOCMA is a wholly government-owned enterprise responsible for the importation of petroleum products and management of Strategic Fuel Reserves (SFRs) across Malawi.

The organization manages fuel reserves in Blantyre, Lilongwe, and Mzuzu, with additional depots in Chilumba, Chipoka, and Mchinji. Over the years, NOCMA has significantly increased its fuel importation market share and strengthened operational efficiency to ensure fuel security nationwide.

Job Purpose

The Senior Finance Officer – Stocks will oversee fuel stock management to maintain optimal inventory levels while minimizing shortages, overstocking risks, and operational inefficiencies. The role supports supply forecasting, financing coordination, stock reconciliations, and analytical reporting to improve informed business decision-making.

The successful candidate will also supervise the Finance Officer – Management Accounting, ensuring strong financial controls and stock accountability systems.

Reporting Line and Supervisory Responsibility

Reports To: Finance Manager – Management Accounting
Supervises: Finance Officer – Management Accounting

Key Duties and Responsibilities

The selected candidate will be responsible for:

• Collaborating with the Operations Department to forecast fuel supply requirements and monitor inventory levels
• Maintaining accurate fuel stock records within financial and operational systems
• Coordinating financing arrangements for fuel procurement and ensuring timely funding availability
• Processing and monitoring Letters of Credit (LCs) with suppliers, financiers, and supply chain stakeholders
• Monitoring fuel storage levels to maintain stock security and operational continuity
• Conducting periodic physical stock counts and reconciliations across company depots
• Monitoring inventory movement to reduce losses, shortages, and stock discrepancies
• Preparing weekly and monthly stock reconciliation reports, including costing analysis and product margin reports
• Providing financial analysis and operational insights using SAP, Business Intelligence (BI) tools, and enterprise systems
• Reconciling physical inventory balances against financial records and operational systems for compliance and accuracy

This opportunity is suitable for professionals interested in inventory finance jobs, supply chain finance careers, management accounting roles, petroleum finance vacancies, financial control jobs, and oil sector accounting opportunities.

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Required Skills and Competencies

Applicants should possess strong expertise in:

Inventory & Financial Control

• Accurate stock accounting and inventory reconciliation
• Financial reporting and inventory analysis

Analytical and Problem-Solving Skills

• Strong financial modeling and operational analysis capabilities
• Data interpretation for informed decision-making

Planning & Coordination

• Fuel supply forecasting and financing coordination
• Cross-functional collaboration with internal and external stakeholders

Systems Management

• Strong knowledge of SAP, financial systems, and reporting tools
• Business Intelligence systems exposure preferred

Compliance & Risk Management

• Internal controls and regulatory compliance knowledge
• Risk assessment and stock accountability management

Attention to Detail

• High level of accuracy in financial records, reporting, and reconciliations

Candidates with strong knowledge of inventory accounting, petroleum finance, fuel stock management, enterprise resource planning (ERP) systems, and financial operations will have an advantage.

Education Requirements

To qualify for this role, candidates must possess:

• Bachelor’s Degree in:
  • Accounting
  • Finance
  • Economics
  • Or a related discipline from an accredited institution
• Professional Membership Requirement
  • At least three (3) years of full and current membership with:
    • CIMA
    • ACCA
    • Or another recognized professional accounting body

Experience Requirements

Applicants must demonstrate:

• Minimum of six (6) years cumulative work experience in:
  • Inventory finance
  • Stock control
  • Supply chain finance
  • Financial management
• Preferably within the petroleum, oil & gas, or energy sector
• At least four (4) years in a comparable senior-level role

Professionals seeking senior accountant jobs, finance manager pathways, stock finance officer roles, energy sector careers, inventory management finance jobs, and executive finance vacancies are strongly encouraged to apply.

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Salary and Benefits

Salary Package: NOCMA offers an attractive remuneration package commensurate with qualifications, professional certifications, and experience.

Potential benefits may include:

• Competitive executive compensation
• Career growth within the oil and gas sector
• Professional development opportunities
• Leadership and management exposure
• Industry-specific technical training
• Long-term executive career pathway

Training and Professional Development

Selected candidates may receive training and exposure in:

• Advanced SAP Finance Systems
• Inventory finance and petroleum accounting
• Strategic fuel reserve financial management
• Supply chain financing techniques
• Financial risk management and compliance
• Advanced reporting and business intelligence systems

Diversity and Equal Opportunity

In line with the Gender Equality Act of 2013, female candidates are strongly encouraged to apply. NOCMA promotes workplace diversity, inclusion, and equal employment opportunities for all qualified applicants.

How to Apply

Interested candidates who meet the qualifications and experience requirements should submit:

• Application Letter / Cover Letter
• Detailed Curriculum Vitae (CV)
• Copies of Academic Certificates
• Proof of Professional Membership (where applicable)
• Names and contact details of three traceable referees

Submit Applications To:

The Chief Executive Officer
National Oil Company of Malawi (NOCMA)
4th Floor, Kang’ombe House, City Centre
Private Bag 370
Lilongwe, Malawi

Attention: Human Resources & Administration Manager

Application Deadline

18 Jan 2027

Early applications are encouraged for improved consideration.