Job Title:

Stock Accountant

Department:

Finance

Location:

Nairobi

Reports To:

Finance Manager

Job Ref. No.

PD/FIN/STA/2026

Job Purpose:

Managing the end-to-end accounting, reconciliation, and financial valuation of all produced and exported hydrocarbon volumes. This role ensures zero variance between physical crude oil movements (from wellhead to export terminal) and financial ledger records.

Responsibilities / Key Objectives:

• Reconcile daily production data from wellheads, flow stations, and storage tanks.
• Allocate gross production volumes to specific wells and joint-venture partners.
• Track inventory including line-fill, terminal stocks, and in-transit volumes.
• Audit custody transfer tickets, meter readings, and tank gauging reports.
• Verify shipping documentation including Bills of Lading and cargo manifests.
• Reconcile final outturn volumes at the discharge port against loading figures.
• Calculate closing stock value monthly using FIFO or weighted-average methods.
• Post monthly journal entries for inventory, cost of goods sold, and lifting variances.
• Analyze volumetric losses, shrinkage, and flashing to account for variances.
• Compute monthly royalty payments and production taxes for government bodies.
• Prepare joint-interest billing statements regarding lifting entitlements.

Education:

• Degree and CPA/ACCA qualification.
• 3–5 years of production/stock accounting experience preferably in upstream oil and gas.
• Proficiency in hydrocarbon accounting software (e.g., Energy Components) and advanced Excel.

Skills & Competencies:

• High attention to detail and quality, ‘first right time’ approach
• Demonstrates good judgment in escalating issues when necessary.
• Able to work with minimum supervision.
• Uncompromising transparency when handling high-value revenue data.
• Capacity to quickly resolve cargo discrepancies to avoid shipping delays.
• Ability to communicate smoothly with field engineers, traders, and auditors.