Job Title: Senior Stocks Accountant
Organisation: Uganda National Oil Company (UNOC)
Duty Station: Kampala, Uganda
About Organisation:
Uganda National Oil Company (UNOC) was established under the Petroleum (Exploration, Development and Production) Act and the Petroleum (Refining, Conversion, Transmission and Midstream storage) Act, both of 2013 and incorporated under the Companies’ Act, 2012. It is a limited liability company wholly owned by the Government of Uganda. The overall function of UNOC is to handle the State’s commercial interests in the Oil and Gas industry and ensure that the resource is exploited in a sustainable manner.
Job Summary: 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.
Key Duties 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, Skills and Experience:
- A bachelor’s degree (Hons) in Commerce, Finance, Business Administration, Accounting, or other related fields from a recognised University.
- Full Accountancy Professional Membership (ACCA, CPA, CMA)
- A minimum of Six (6) years of relevant working experience, three (3) of which is attained in Stock Management and Accounting.
- Experience in using ERP systems.
- Must possess skills in General Ledger Accounting with bias in stock accounting and purchase order processing.
- Experience in Stock Accounting/Inventory Management support especially for petroleum products.
Skills and Competencies
- Proficiency in Microsoft Excel.
- Must demonstrate exceptionally strong analytical skills, having an ability to analyse, refine, summarize, and clearly present data and information.
- Ability to work under pressure and tight deadlines.
- High degree of professionalism and maintenance of confidentiality.
- High degree of professionalism
- Ability to maintain confidentiality
- Excellent interpersonal skills and ability to interact with colleagues from all departments and levels of the organization
- Financial Planning & Budgeting
- Financial Accounting & Controls
- Financial Reporting
- Commercial Acumen
- Coordination & Planning
Please note that successful candidates MUST be willing and ready to work in any UNOC’s office location.
How to Apply:
All interested candidates should submit their applications through the UNOC online recruitment system accessible through this link
Deadline: 9th January 2026
Note:
- Only applications routed through the stated link shall be considered.
- Any form of canvassing shall lead to automatic disqualification.
- UNOC is an equal opportunity employer.
For more of the latest jobs, please visit https://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline
Level of Education: bachelor degree
Work Hours: 8
Experience in Months: 72