Accountant at COISCO

Role Summary

• We are seeking an Accountant who will be responsible for managing the company’s day-to-day accounting operations, ensuring accurate financial reporting, maintaining internal controls, monitoring station revenues, reconciling transactions, and supporting management with timely financial insights for decision-making.
• The ideal candidate must be analytical, highly accurate, commercially aware, and experienced in handling accounting functions within a retail, oil & gas, or fast-paced operational environment.

Key Responsibilities
Financial Reporting & Accounting:

• Maintain accurate accounting records for all business transactions.
• Prepare daily, weekly, and monthly financial reports across stations and business operations.
• Prepare monthly management accounts, profit and loss reports, and balance sheet schedules.
• Post journal entries and maintain the general ledger.
• Assist with month-end and year-end closing activities.

Cash Management & Reconciliation:

• Monitor daily station sales, deposits, transfers, and remittances.
• Reconcile cash, POS transactions, bank lodgements, and fuel sales records.
• Perform daily and monthly bank reconciliations.
• Investigate and resolve discrepancies in cash balances, station returns, or accounting records.
• Ensure proper documentation of all receipts and payments.

Accounts Payable & Receivable:

• Process vendor payments and maintain supplier ledgers.
• Reconcile supplier statements and follow up on discrepancies.
• Track receivables, outstanding balances, and customer accounts where applicable.
• Maintain payment schedules and ensure timely settlement of obligations.

Inventory & Operational Controls:

• Reconcile fuel stock against sales and tank readings.
• Monitor inventory movement for PMS, AGO, DPK, lubricants, and non-fuel products.
• Support periodic stock counts and physical verification exercises.
• Review variances in stock, fuel discharge, or sales reports and escalate findings.
• Strengthen controls to minimize leakages, fraud, and operational losses.

Payroll, Tax & Compliance:

• Support payroll preparation and related staff financial documentation.
• Ensure timely remittance of statutory deductions including PAYE, pension, VAT, and withholding tax where applicable.
• Maintain proper accounting documentation for audits and regulatory compliance.
• Support internal and external audit exercises.

Analysis & Decision Support:

• Prepare financial analysis on station profitability, margins, costs, and performance trends.
• Track expenses and budget performance across stations.
• Provide management with financial insights to support business planning and operational decisions.
• Recommend cost-saving opportunities and process improvements.

Requirements
Education:

• Minimum of HND or Bachelor’s Degree in Accounting, Finance, Economics, or related discipline.

Experience:

• Minimum of 10– 15 years’ relevant accounting experience, preferably in:
  • Oil & Gas / Downstream Retail
  • Filling station operations
  • Retail accounting
  • FMCG or multi-location operations

Required Skills & Competencies:

• Strong knowledge of accounting principles and financial reporting
• Experience with bank reconciliation and cash management
• Strong understanding of inventory accounting and stock reconciliation
• High proficiency in Microsoft Excel
• Familiarity with accounting software/ERP systems
• Excellent analytical and numerical ability
• Strong attention to detail and accuracy
• High level of integrity and confidentiality
• Good reporting and documentation skills
• Ability to work independently and meet deadlines

Preferred Qualities:

• Experience managing multi-location retail accounting
• Ability to work in a fast-paced operational environment
• Strong problem-solving ability
• Commercial awareness and business-minded approach
• Excellent communication and interpersonal skills.