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Full-time
Senior Stocks Accountant Job at Uganda National Oil Company (UNOC)
Uganda National Oil Company (UNOC)
Job Description
The incumbent will develop and implement stock management processes and procedures to ensure accurate costing and reporting of inventory of the company in accordance with international best practices and reporting standards.
Duties, Roles and Responsibilities
- Oversee the management and accounting of stocks at UNOC and ensure compliance to international accounting standards.
- Review the stock management processes and procedures for improvement.
- Ensure accurate and efficient management of stocks with correct stock entries which are updated in a timely manner.
- Compute total cost of sales and the drivers monthly.
- Review and take up landed costs for all products in the system on a monthly basis and monitor landed cost vs accruals and correct any unusual movements.
- Conduct reconciliations of vessel deliveries and spot transactions from time to time.
- Ensure that all free truck (FOT) stock balances are monitored and tracked monthly.
- Maintain a log of direct deliveries and own-pick shipments and reconcile them against customer orders.
- Ensure that all sales orders and transfers have been updated correctly in the correct period.
- Reconcile inventory accounts to the general ledger.
- Monitor unit costs for all the products in the system and correct any unusual movements.
- Ensure that third party stocks are properly accounted for, especially hospitality clients.
- Investigate, explain the causes and correct any stock differences on a daily basis.
- Review and report on Gains/Losses inland and overseas depots.
- Carry out manual stock reconciliations at the end of the month for all depots and virtual locations.
- Maintain an interface between all Terminals.
- Monitor of movement of stocks under bond and ensure that there is no tax exposure.
- Reconcile stock transfers with the account for clearing transfer and ensure that all stock transactions for the month have been processed.
- Analyse and report on all stock adjustments and over/under deliveries.
- Identify variances and their causes and task physical custodians to account for the variances.
- Monitor unpriced products in Jinja and ensure compliance with the Petroleum Products Supply Agreement provisions.
- Undertake any other duties and responsibilities as may be assigned from time to time by the supervisor(s).
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
Apply here: https://www.unoc.co.ug/career-opportunities/
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