Group Finance Controller
Kinapharma Group
Total years of experience :10 years, 6 Months
Head of Finance department reporting direct to the Managing Director of the manufacturing, distribution and marketing business with more than 500 employees at sites throughout the country.
Promoted with a transfer to the head office, responsible for effectively and efficiently handling a major portfolio comprised of all 6 group companies.
Collaboratively working with the Procurement team on purchases related to imports of raw materials from Europe and Asia.
Managing strategic projects, rolling out Enterprise Resource Planning (ERP) software for all companies for more accurate and real time Financial Reports.
Contributed to the group’s survival by sourcing materials from local suppliers and efficiently managing finances during Ghana’s 2022 economic crisis. Reduced a dependency on imports made more expensive due to low exchange rates.
Comprehensive oversight of finance and accounting operations including financial and capital planning, budgeting process for Kinapharma and companies, cash/treasury management, accounts receivable and payable, and branch operations.
Reviewing all financial plans and budgets, monitoring progress, and updating senior management on the financial status of group companies.
Overseeing the establishment and running of new financial and accounting systems, including policies, procedures, and practices.
Successfully implemented controls for daily collections reporting and bank deposits; commended by management for this initiative. Additionally developed then effectively maintained internal control solutions for the business.
Significantly reduced the instances of Salary data leakage by taking full control of Payroll Management.
Coordinated the annual audit process, liaising with external auditors and the board. Prepare and manage the monthly payroll of all the group companies.
Preparing, filing, and arranging payments for taxation authorities, Registrar General, Social Security institution, and other statutory bodies.
Generated innovative templates in MS Excel for producing timely and accurate Finance team reports, making the team’s work easier.
Positively communicating with Bankers on issues such as LC and overdraft financing for companies.
A company in the Kinapharma Group with 50-100 employees, reporting direct to the Group Finance Controller.
Assisted budget preparation, tracked fixed assets/inventory, and assisted the year end audit by creating schedules and reports for the auditors.
Reconciled the financial ledgers and records; prepared financial statements and general and subsidiary ledgers and resolved discrepancies.
Meticulously reviewed and audited Accounts Payable, purchase orders, cash receipts, business licences, payroll, billing, and other accounting records.
Prepared and filed periodic returns, Ghana Revenue Authority, Ghana Immigration Department, and National Pensions Regulatory Authority of Ghana.
Significantly improved cash flows by consolidating the credit analysis function, reducing outstanding receivables from 75 to 45 Days.
Increased the Warehouse Capacity Utilization by 15% by gaining buy-in to entering allied businesses; grew revenue at the same fixed costs.
Represented company on committees, preparing bank reconciliations and journal entries for accounts.
Successfully recorded zero non-compliance with Statutory Requirements during period of service.
Chartered accountants and leading tax consultancy advisors specialising in corporate consultancy services.
Gathered data for audits, presenting findings, risks and control issues to management, and identifying solutions to mitigate risks.
Conducted a Statutory Audit of State Bank of India, a concurrent audit of ICICI Bank, internal audits for clients such as Maruti Suzuki India Ltd, and audits for pharmaceutical firms including Pfizer India Ltd and Mankind Pharma.
Commended for the accuracy of audit findings, accelerating the audit process to be completed on Day 7 of every month.
Increased the Audit team’s efficiency by driving adoption of the auditing standards of the ICAI.