Accountant Petroleum Retail
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Industry Oil and Gas Founded 2000 Type Private Website http://www.wtsenergy.com Address Eden Square Complex 7th Floor, Block 1 Chiromo Road Westlands Nairobi
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Key Responsibilities:
- Reconcile daily station sales against POS reports, pump readings, cash collections, M-Pesa, card transactions, credit sales, and bank deposits.
- Ensure accurate recording of fuel, specialty products, convenience shop sales, and non-fuel income in Odoo ERP.
- Reconcile fuel and other inventory movements, investigate stock variances, and coordinate stock valuation with the Inventory/Costing Accountant.
- Verify station expenses, petty cash reconciliations, supplier documentation, and approved expenditure against budgets.
- Monitor customer receivables, credit sales, outstanding collections, and unbanked revenue, escalating discrepancies promptly.
- Reconcile electronic collections and ensure compliance with applicable VAT, eTIMS, and internal accounting requirements.
- Monitor product margins, inventory losses, non-fuel income, and potential revenue leakage.
- Prepare daily, weekly, and monthly sales, collections, stock variance, and financial performance reports.
- Support month-end closure, management accounts preparation, audits, and periodic stock counts.
- Maintain accurate financial records, reconciliation schedules, and supporting documentation for audit purposes.
- Identify control weaknesses, irregular transactions, and unexplained variances, recommending corrective action.
- Perform other duties related to retail accounting, financial reporting, and financial controls as assigned by the Head of Finance.
Required Qualifications:
- Bachelor’s degree in Accounting, Finance, Commerce, or a related field.
- CPA(K) qualification or equivalent recognised professional accounting qualification.
- Minimum 3 years’ relevant accounting experience, preferably in petroleum retail, FMCG, or multi-site retail operations.
- Practical experience in sales and bank reconciliations, inventory accounting, receivables, and financial reporting.
- Experience using ERP systems, preferably Odoo, and familiarity with POS systems.
- Working knowledge of Kenyan VAT and eTIMS requirements.
- Strong analytical, numerical, reconciliation, and Microsoft Excel skills.
- High attention to detail, integrity, confidentiality, and accountability.
- Good communication and organisational skills, with the ability to meet reporting deadlines and coordinate across departments.