Applications are invited from suitable and qualified candidates for the Position of Lubricant Accountant at Nepal Energies Ltd.
About Nepal Energies Ltd
Nepal Energies Limited is a Nigerian indigenous energy company specializing in the trading, supply, storage, and distribution of petroleum products while expanding into cleaner and renewable energy solutions across Africa. Founded in 2004 and headquartered in Lagos, the company operates across the downstream and midstream oil and gas sectors, providing products such as diesel, aviation fuel, LPG, and related energy services to businesses and industrial clients. Nepal Energies is recognized for its strong logistics network, large storage capacity, and fleet of tanker trucks that enable efficient delivery and reliable energy supply nationwide. In addition to petroleum operations, the company is gradually integrating solar and wind energy solutions to support sustainable power access and reduce energy gaps in emerging markets. With a focus on operational efficiency, safety standards, and innovation, Nepal Energies Limited continues to play an important role in strengthening energy infrastructure and supporting economic growth in Nigeria and beyond.
Summary
- Company: Nepal Energies Ltd
- Job Title: Lubricant Accountant (Ikoyi)
- Job Type: Full Time
- Qualification: BA/BSc/HND
- Location: Lagos, Nigeria
Job Title: Lubricant Accountant (Ikoyi)
Job Description:
Lubricant Stock Accounting & Control:
- Maintain accurate stock records for bulk and packed lubricants across all assigned depots and warehouses.
- Record and reconcile all stock movements including receipts, issues, repacking, inter-depot transfers, and returns.
- Ensure daily reconciliation between physical stock, depot records, and ERP balances.
Packed Lubricants Inventory Management:
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- Account for packed lubricants by grade, SKU, pack size, batch number, and production date.
- Monitor slow-moving, damaged, or obsolete stock and escalate for management action.
- Ensure stock issuance aligns strictly with approved sales and dispatch instructions.
Goods Receipt & Dispatch Verification:
- Verify Goods Received Notes (GRNs), delivery notes, waybills, and supplier invoices for accuracy.
- Confirm quantities, product grades, packaging condition, and batch details upon receipt.
- Validate dispatch documentation to ensure correct stock release.
ERP Posting & System Integrity:
- Post all lubricant stock transactions promptly and accurately in the ERP system.
- Ensure correct mapping of depots, storage locations, product codes, and units of measurements (UOM).
- Support maintenance of accurate master data for lubricant SKUs.
- Generate ERP-based inventory and variance reports.
Inventory Valuation & Cost Monitoring:
- Ensure lubricant inventory valuation are in line with the required accounting policies – First in, first out (FIFO).
- Track blending, packaging, handling, and freight costs related to lubricant stock.
- Support pricing, margin analysis, budgeting, and financial close processes.
Physical Stock Counts & Audits:
- Coordinate and participate in monthly, quarterly, and year-end stock counts.
- Reconcile physical counts against ERP balances for both bulk and packed lubricants.
- Prepare variance analysis reports and recommend corrective actions.
- Support internal and external audit exercises.
Loss Control & Risk Management:
- Monitor and report handling losses, spillages, evaporation, pilferage, and write-offs.
- Ensure losses remain within approved tolerance levels and escalate exceptions.
- Strengthen internal controls around lubricant storage, loading, and dispatch.
Regulatory & Compliance Support:
- Maintain proper inventory documentation to support NMDPRA and other regulatory requirements.
- Support environmental, safety, and operational compliance audits at depots.
Reporting & Management Support:
- Prepare daily, weekly, and monthly stock reports showing opening balances, movements, and closing positions.
- Provide management insights on stock turnover, aging, depot performance, and operational efficiency.
Cross-Functional Collaboration:
- Work closely with Operation team, Supply Chain, Sales team, and Blending/Production plant.
- Resolve stock-related issues impacting depot operations or customer deliveries.
Process Improvement:
- Recommend improvements to inventory handling, documentation, and system controls.
- Support automation and continuous improvement initiatives within stock accounting processes.
See Also:
Qualifications and Requirements for the Position of Lubricant Accountant at Nepal Energies Ltd:
Key Performance Indicators (KPIs)
- Accuracy of stock records and reconciliations
- Timeliness of ERP postings and reports
- Level of inventory variances and losses
- Audit findings related to inventory
- Compliance with stock handling and reporting procedures.
Deadline
15th April, 2026
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Method of Application
Interested and qualified candidates should submit their CVs to: careers@nepalgroupng.com using the role and location as the subject of the mail.
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