Finance Manager
Olam International
Total years of experience :4 years, 8 Months
Responsibilities
Monthly reporting (accruals, provisions, cost deferment, stock count and variance posting, cash count, bank reconciliations, salary JV and ML run) budgeting and variance analysis, P&L and balance sheet review for monthly upload, reviewing and uploading of quarterly functional control checklist in ORS (Olam Risk System), managing audit, review and approve payments, review and approve journal entries in SAP and ensuring CoA compliance.
Key Achievements
Through the performance of stock audit which lead to an upside opportunity to the P&L of 5.7 Million USD, Forbin was able to create more feasibility around stock management.
Reconciliation of historical Customer’s third party Business for leading to a Cash Recovery of 48.2 Million GBP.
Designed a template to capture and reconcile direct selling expenses so as to align monthly cost to budget leading better cost analysis and audit trail.
Guinness Cameroon S.A (Diageo Group)
Responsibilities
Overall responsibility for Overhead PO approval, month end reporting, overheads budget preparation, monitoring, preparing of monthly overheads flash (R&O), financial analysis on cost.
Key Achievements
Full account analysis that lead to the reversal of 856K GBP of aged accruals into the P&L.
Designed and implemented a system of Activity Based Management on Overhead Budgeted, this enable budget heads to focus on cutting overspend on non-value added activities.
Timely analysis and accurate posting of Overhead month end entries contributing to green data quality.
Responsibilities:
Preparing month end analysis for month end reporting, ensuring that all intercompany mismatch are cleared, preparing and executing monthly intercompany payment plan, raising and performing intercompany agreement and Recharges. Ensuring 95% Reconciliation of all Balance Sheet Accounts on the TB are reconciled calling out risk and opportunities in Balance sheet accounts, and advising on complex accounting entries as per group Accounting Manual and IFRS, point of contact for audit related queries.
Key Achievements
Reduced intercompany overdue debt situation from 7 million GBP to 0.7 million GBP.
Improve intercompany payment terms from 30 days Payment terms to 90 days payment terms leading to a positive impact on working capital.
Achieved no Material intercompany mismatch, timely and accurately posting of General Ledger entries, this contributed to the overall Monthly reporting KPI of a Green data Quality.
Drive the controls and compliance agenda for the Records to Report (RTR) Team and ensuring 100% compliance
ACCA is the Association of Professional Accountants based in London for which I am qualified.
Bsc Honors in Management