Rainoil Limited is a leading downstream oil marketing company; primary products which include (PMS), Diesel (AGO) and Kerosene (DPK). Rainoil Limited was incorporated in November 1994, commencing operations in May 1997. In 1999, Rainoil Limited acquired its first service station. Rainoil’s operations currently span across the downstream value chain i.e. Tank Farm Storage, Petroleum Product Haulage/Distribution and Bulk/Retail Sales Operations. : From one service station, the company’s assets/facilities have grown over the last 17 years to include: • An ultra-modern multi-product storage depot with a combined capacity of 50 million litres in Oghara, Delta State; with a proximally located, exclusive Jetty which • 29 retail outlets strategically located in major cities such as Lagos, Abuja, Kaduna, Port Harcourt, Enugu, Onitsha, Asaba, Makurdi, Sapele etc. • A fleet of 75 tank trucks for petroleum product distribution • 3 shipping vessels We purchase products from PPMC and also import from reputable off-shore suppliers such as Glencore Energy UK Limited and VITOL. To drive efficient delivery of products to our national network of retail outlets and customers we utilise our fleet of tank trucks. Rainoil maintains an active involvement in petroleum product distribution in the Lagos market via purchases from other marketers e.g. Oando Marketing Plc, Folawiyo Energy Limited and Sahara Energy Limited. Rainoil has finance facilities in excess of USD170million from different banks for importation of petroleum products. With a staff strength of over 500 trained personnel, we have developed a strong track record of quality product and service delivery.
Job Summary:
Reporting to the Head of Finance, the Account Officer is responsible for preparing financial reports and maintaining all records relating to assets, liabilities, revenue and expenditure, payments, verifying accounts payable and receivable and other financial activities.
Roles & Responsibilities:
Handles all general accounting tasks, including reconciling and maintaining balance sheet accounts and general ledger administration (by updating the accounting application with transactions as they occur), preparing journal entries, preparing monthly closing and financial reports, bank reconciliation.
Validation of transactions and verification of their impact on the accounts.
Support to ensure timely and accurate periodic closure of accounts (monthly/yearly), and submission of reports to the Finance Manager as per reporting timelines.
Ensure accounts receivable and payable activities (especially with depots and commercial sales) are performed accurately and timely.
Documents and updates record of all fixed assets to ensure assets are properly valued, accounted for, and safeguarded.
Computes direct expenses as well as proper booking of all expenses.
Identify and resolve invoicing issues, accounting discrepancies and other financial related issues.
Support Preparation and Coordination of Financial Audit.
Ensure timely and effective follow up of all audit observations and recommendations.
Computes and remits various deductibles e.g., Pension funds, PAYE.
Prepares periodic financial reports and other financial documents as required.
Proper and complete documentation and filing/storing for easy retrieval of all accounting related documents.
Evaluating internal control systems and providing necessary suggestions.
Perform other duties as required by the Head, financial accounts, and the Direct Supervisor.
Qualifications:
Completion of Bachelor’s Degree in Accounting.
Good Communication and analytical skills.
Relevant professional certification e.g., Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) is an advantage.
Minimum of 2-year work experience in the Finance/ Treasury/ Accounts function in a similar organization.
Must not be more than 26 years as at 31st December 2025
