Group Accountant
Birmingham invest Proprties Ltd
Total years of experience :20 years, 2 Months
• Managing 8 group entities and Preparing statutory accounts and reporting
• Formulating group’s Financial strategy to achieve the guaranteed investors returns.
• Preparing and updating Group Financial Accounting Policies and Group Financial Control Policies
• Providing technical accounting support to the group and attending to Tax Issues Income tax, Paye, VAT, Payroll.
• Preparing the Group management accounts for month-end, forecast and budget
• Providing associated value-add commentary for inclusion in the Investors Report
• Reporting on other ad-hoc internal reports for both finance and non-finance heads of business;
• Developing and implementing Annual goals for different business Units
• Reviewing business performance and advise responsible parties on required actions to achieve targets.
• Managing and monitoring the integrity financial and non-financial data
• Support the roll out of the consolidation system across the group, including providing training for regional and divisional teams
• Liaison with external and Internal stakeholders, to support the continuous improvement of finance systems and processes to support evolving business requirements.
• Treasury management to project periodic cash flow and do annual cash flow forecast to improve company's solvency and liquidity for future developments
• Managing day to day accounting, debtors, Creditors, Bank Reconciliations, and Stock Control
• Managing Cash Flow, Liaising with suppliers and Making follow up on outstanding invoices
• Submission of VAT returns, preparing Management Reports and ad-hoc reports etc.
• Approving purchasing orders, and Invoices, Managing the Bugdget.
Achievements
• Managed to resolve HMRC VAT and Paye returns from 2014 to current and successfully recover the refunds
• Prepared the Financial Statements from 2014 to date.
• Implement Stock Control System to avoid stock shortages, and a six month rolling forecast to avoid stock shortages
• Designed and Implemented work flow procedures that smoothen the operations of the company
Controlling the Finances of Barclays bank property Portfolio 180 Million USD per year.
● Managing the Client Relationship and Delivering on the contractual KPIs: Finance, Property data Management, Estate
management, and Savings targets.
● Preparing monthly dashboard and Ad hoc Financial Reports, straight lining reports, Financial Statements, Managing Cash Flow,
preparing cash Flow forecast, Budgets, and reviews for the portfolio.
● Analysis information from data Sources to and make recommendation maximize on the on the returns and minimize Costs
● Researching, tracking and Resolving accounting problems, ensure client Management pack has been prepared and submitted
Achievements
● Managed to close issues that were outstanding for three years on some of the Property portfolios.
● Increase to the Data Accuracy by 30 % from 60% to 90% with regards to lease data, and Remaining Lease commitment.
● Saved the Company a lot of money when discovered that they had not Billed for 27 Million worth of Revenue.
Contract performance Management, formulating cost saving strategies, to understand the current and expected performance
● Reviewed the financial reports, identified and corrected inconsistencies between different data sources, providing appropriate
recommendations, on the performance of the company.
● Analysed financial information, Consolidated costs to determine present and future performance for periodic internal reporting.
● Variance analysis for monthly Opex and Capex results, recommendations on purchase of goods and Services
● Developed new analytical capabilities, focusing on the ability to quantify data requirements which supports advanced decision
making, Facilitating Foreign Payments.
● Provided financial analytical support in various projects requiring a financial evaluation , and preparing summarised presentations
when needed.
● Supporting departments with Proposal development, performing Post Implementation Reviews on new Projects.
● Creating new forecasting templates for new areas of analysis, if required, Prepare the Monthly Management Report.
● Partnering with the operating departments to prepare financial and operational analysis to evaluate, monitor and provide insight on
financial performance.
● Preparing of monthly financial and operational reports for the business, at cost centre and project level, according to their needs,
as accurately and reliable as possible, within the agreed timeframes.
Achievements
● Managed to close a 3 billion Annual contract at a profit in four months which resulted in me getting a permanent post
● Performed a full financial Du diligence on a 10 year contract, in the second year into the contract and it revealed that the
contract was losing 4 Million every month, this resulted in the contract being terminated which saved the company money in the
long run.
• Managed Sales Reporting for Procter and Gamble, Managed the Financial Operations of the Distribution and ensure that all the KPIS are achieved. Managed as staff of 15 whose Functions included Data capturing, Collection, Debtors Creditors, Cash Receipts, Stock control, Commission and Statistical Analysis.
• Managed the Budget of one P&G Distributors in South Africa,
• Review and track performance by monitoring variance from plan, highlighting potential issues
• Ensuring that the Company Comply with all Legislative requirements and Submission of all Tax Returns.
• Managing a company's financial accounting, bookkeeping, Accruals, Journals, monitoring and reporting system
• Evaluating and Investigating on Inventory variances, and stock reconciliations, Brand analysis, Profitability analysis
Achievements
• Implementing Internal control Systems that reduced Stock losses from 20% to 5%
• Managed to Increase Sales by 20% by introducing a Sales commission Structure.
• Providing financial information, monitoring, Interpreting cash flows and predicting future trends;
• Formulating strategic and long-term business plans; Analysing change and advising accordingly;
• Managed reduce Distribution cost by introducing encore stores, and route lists.
● Preparing IFRS financial statements, management accounts and cash flows year end statutory accounts, and Audit files.
● Preparing Budgets, Audit files, business proposals, and advisory services for Clients, Managing 8 Accounting staff
● Perform, verification of account balances; Undertaking preliminary forensic investigation work for clients,
● Fixed assets verification and setup of fixed assets database; Stock control Managing day-today accounting functions,
● Preparation of business contracts and liaising with clients, Reviewing work of Business analysts and Trainees
Achievements
● Improved turnaround time for Financial statements (IFRS) for various clients which assisted in making business decisions
● Saved Clients on penalties on Tax returns, VAT, PAYE, Company taxes, Employee returns; payroll.
● Be on customer engagements on temporary basis to put systems and Controls in place
● Handled Various assignments three of which, Levela Chemical, Afresh Brands and Mahlobo Distribution ended up Putting an
offer to my employer.
● Managing day-today accounting functions, general ledger accounts, accounts payable and account receivables, Cash book, Trial
● Managing day-today accounting functions, general ledger accounts, accounts payable and Revenue Collections
Balance, Profit and Loss and Balance sheet.
● Management Reports and Other Ad-hock reports, attending to Tax Issues Income tax, Paye, VAT, Payroll
Achievements
● Re organised accounts payable process which reduced the waiting period to 5 days.
● Achieved 98% on Accurate Collections, Banking, general ledger accounts, cash book, reconciliation against the 90%
benchmark Set
● Managed to reduce the spending Staff welfare costs by 30 % and Repairs and maintenance by 40 %, complement by Chief Accountant for budgetary control.
Responsibilities
● Balancing Suspense accounts, attending to customer queries, preparing reports for management
Achievements
● Reconciled branch suspense accounts, and reduced customer queries by 15% .
● Attending to 60 to 75 customer queries per day and and solved 90% of their concerns.
● Preparing reports management, assisting other team members with complicated queries