Vacancy announcement: Puntland Petroleum Company (PUNPETCO) seeks a Chief Accountant for their operations in Bosaso. The ideal candidate will have 7 - 8 years of professional experience in the Finance And Accounting field. The application deadline is Jun, 17 — early applications are encouraged.
PUNTLAND PETROLEUM COMPANY (PUNPETCO)
Vacancy Announcement — Chief Accountant
Job Title:
Chief Accountant
Company:
Puntland Petroleum Company (PUNPETCO)
Location:
Head Office, Bosaso, Puntland, Somalia
Department:
Finance & Accounts
Manages:
The accounting function and finance team across 6 branches
Contract:
Full-time
Closing Date:
17 June 2026
About PUNPETCO
Established in 2003 and headquartered in Bosaso, Puntland Petroleum Company (PUNPETCO) is a leading energy provider in Puntland, Somalia. Through six branches and a network of distributed petrol stations, PUNPETCO supplies fuel and related products across the region. The company operates in both wholesale and retail distribution, serving commercial, institutional and individual customers.
Role Summary
PUNPETCO is recruiting an experienced and qualified Chief Accountant to lead its accounting function. The Chief Accountant is the most senior accounting professional in the company and is accountable for the integrity of financial records, statutory and management reporting, controls, treasury and tax/customs compliance across both the wholesale and retail businesses. The successful candidate will bring strong technical accounting expertise, sound judgement and an understanding of operating in the Somali market.
Key Responsibilities
Accounting & Financial Reporting
•
Lead and manage the full accounting function across the Head Office and all six branches, ensuring timely and accurate recording of all transactions.
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Prepare monthly, quarterly and annual financial statements in line with applicable accounting standards (IFRS) and company policy.
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Maintain a robust general ledger, chart of accounts and month-end and year-end close processes.
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Consolidate results across branches and business lines and provide accurate management reports to the Board and Audit Committee.
Wholesale, Costing & Customs
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Oversee accounting for bulk fuel imports, including landed-cost build-up (purchase price, freight, insurance, customs duties, levies and handling).
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Reconcile fuel volumes from import through storage to wholesale and retail dispatch, accounting for losses, evaporation and variances.
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Liaise with customs authorities and clearing agents to ensure duties and charges are correctly computed, recorded and settled.
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Maintain accurate inventory valuation and product costing to support pricing and margin analysis for both wholesale and retail channels.
Retail Distribution
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Establish controls over cash, fuel stock and credit at petrol stations and retail outlets across the branch network.
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Monitor station-level sales, reconciliations, shortages and daily banking, and investigate discrepancies.
Controls, Compliance & Treasury
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Design, implement and enforce internal controls, accounting policies and standard operating procedures to safeguard company assets.
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Manage cash flow, banking relationships, payments and working capital, including supplier and letter-of-credit arrangements for fuel imports.
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Ensure compliance with Somali and Puntland tax, customs and regulatory requirements, and with anti-money-laundering and good-governance standards.
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Coordinate external and internal audits and implement audit recommendations.
Leadership & Systems
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Lead, supervise, mentor and develop the finance and accounts team across all branches.
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Support budgeting, forecasting and business planning, and advise management on financial performance and risk.
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Champion the use of accounting systems and strengthen financial data quality and reporting automation.
About Bosaso
Bosaso is a major port city in the Puntland region and one of Somalia's busiest commercial centers. The city serves as a hub for trade, fishing, and maritime activities along the Gulf of Aden. International organizations and businesses operating in Bosaso offer opportunities in trade facilitation, development, and humanitarian assistance.
Ereyada Soomaaliga (Somali Keywords): Shaqo Boosaaso • Shaqo Buuxda • Shaqo Cusub • Maaliyadda