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 Description
The ideal candidate will provide strategic leadership for internal audit activities, strengthen risk management frameworks, and ensure operational and financial compliance across the business.
Responsibilities Lead the planning and execution of operational, financial, and compliance audits across all Rainoil Logistics operations. Evaluate the effectiveness of internal controls, risk management processes, and standard operating procedures.
Develop and implement annual audit plans aligned with the company’s strategic objectives.
Provide independent and objective assurance on governance, risk, and control processes.
Coordinate investigations into suspected fraud, irregularities, or non-compliance issues.
Prepare high-quality audit reports with clear recommendations for process improvement.
Collaborate with business units to ensure prompt implementation and closure of audit findings.
Monitor industry regulations, emerging risks, and Oil & Gas compliance requirements (DPR/NMDPRA, tax laws, HSE standards, etc.). Mentor and supervise audit team members to enhance capacity and performance.
Requirements
Bachelor’s Degree in Accounting, Finance, Economics, or related field.
Minimum of 10 – 15 years relevant experience, with at least 5 years in a managerial audit role.
Strong knowledge of Logistics in downstream Oil & Gas operations, supply chain processes, and regulatory requirements.
Professional certifications such as ACA, ACCA, CIA or CISA (mandatory).
Demonstrated understanding of enterprise risk management, internal control frameworks, and forensic audit techniques.
Excellent analytical, communication, and report-writing skills.
Advanced proficiency in Microsoft Excel, audit tools, and ERP systems.
Key Competencies High integrity and ethical standards Strong attention to detail Problem-solving and critical thinking
Leadership and team management
Stakeholder engagement. Ability to work in a fast-paced, highly regulated environment.