Job Details
Job Summary:
To manage the petty cash inflow and outflow of Rainoil’s stations and depots as well as maintaining accurate records/books on transactions.
Roles & Responsibilities:
Facilitates the availability of funds to meet day-to-day operational petty cash expenses and emergencies.
Maintains records to allow easy disbursement, reconciliation, and replenishment.
Processes expense retirement ledgers to ensure proper accountability of all cash advances.
Creates and maintains records of cash requests and disbursements.
Reconciles all received cash, which have been recorded in the petty cash book, with expenses.
Processes payment for accounts and issuing receipts.
Keeps records of amounts received and paid, and regularly checking the cash balance against this record.
Collects money from bank for safe keeping before reimbursements.
Files all documents concerning cash payment and collection.
Responds to queries regarding approvals, payment limits and deadlines for retirements etc.
Retires the various imprest accounts.
Prepares daily and weekly collections and payment summary reports for review by the station supervisor.
Qualifications:
Required:
Minimum of One (1) year work experience in a similar role
Minimum of an BSC/HND in Accounting, Banking/Finance & Economics.
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Company Description
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 ... read moreoperations 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.
