Financial Controller
Oil Palm Industry Corporation
Total years of experience :16 years, 3 Months
Responsible for overall control of all financial and management reporting.
Ensured complete and timely reporting to executive management and Board of Directors.
Ensure financial targets are met and any deviations reported and corrective measures taken.
Key results:
• Responsible for implementing Board decisions and directives together with the Chief Executive Officer.
• Review financial systems to ensure organizational goals are achieved within budget.
• Report on all financial matters to the Board and ensure timely preparation and audit of financial statements for acceptance by OPIC Board and presentation to Minister for Agriculture and Livestock.
• Ensure taxation and statutory compliance.
• Maintain relations with auditor general’s office, insurers, banks and other stakeholders to maintain corporate image.
• Managed the Corporate Services division of OPIC which includes Finance, Human Resources (HR) and General Administration. Directly responsible for 5 Project Managers, 5 Project Accountants, 7 Accounting staff, and 2 HR Officer.
Prepared financial statement preparation.
Performed company secretarial services.
Provided payroll services, tax advice and planning, special audit assignments and audit file preparation.
Key results:
• Assisted clients with management responses to audit queries raised by external auditors.
• Reviewed PNGFA’s accounting manual and proposed amendments to be incorporated into the manual.
• Reviewed operating procedures for Civil Contractors Pacific Ltd and formulated accounting manual for use by its accounts staff to strengthen its financial management capacity.
• Performed payroll audit for Gobe Field Engineering under a sub contract arranged with HLB Niugini Chartered Accountants to strengthen its internal controls and enhance accountability, good governance and financial performance.
` Prepared management and other statutory reports and highlighted budget variances.
Prepared budget submissions to Dept. of Finance for recurrent and PIP funding.
Controlled PNGFA budget in line with budget appropriations and cash flow projections.
Responded to audits queries, prepared audit files, performed general ledger, bank accounts and fixed-assets reconciliations, and prepared accounts to Balance sheet stage.
Developed and managed external relationships with banks, insurers, auditors and consistently explored avenues within the budgetary process to strengthen the overall financial performance of PNGFA.
Key results:
• Performed General Ledger reconciliations and completed backlog of statutory accounts and audit from 2003 to 2005.
• Reviewed G/L and reduced size of G/L according to PNGFA’s new organizational structure.
• Reviewed PNGFA’s Accounting Manual in respect of a reduced organizational structure and reduced general ledger.
• Recovered K100, 000 in interest withholding taxes deducted in error from exempt trust fund investments by banks and remitted to Internal Revenue Commission.
• Initiated budget control strategy through the development of a commitment system using Microsoft Access database.
Prepared financial statement for local and foreign clients.
Prepared Income Tax returns, other tax returns
Provided company secretarial services, payroll services, tax advice and planning.
Reviewed business processes to achieve efficiency and profitability.
Key results:
• Ensured that all clients were fully compliant with taxation and other statutory requirements.
• Ensure cost effectiveness in client’s operations through review of business processes and recommended.