Country Head Operation Manger
Simba Pipe Industries Ltd
Total years of experience :32 years, 7 Months
Providing financial leadership and guidance on financial issues.
Administering matters related with various banking instrument, letter of credit, local & overseas fund transfer, guarantees & performance bonds; arranging working capital loans from banks (fund base OD, T/L and Non Fund Base -LC, Bills Avalisation and BG) against property. Liaise with overseas customers for Export LCs.
Foreign Exchange Management, forward banking.
Preparing short term & long term business plan and annual budget (CAPEX & OPEX); directing delivery of the key indices such as Volume, Net Revenue, and
Operating Profit before Tax (NOPBT), EBITDA and Operating Cash Flow.
Driving and managing overall activities of sales, production, liaison and negotiation with the overseas vendors for the supply of raw materials.
Involved in Strategic Management analysis of KPI and Balance Score card measures.
IFRS compliance accounting. Transfer pricing.
Overseeing Debt recovery cases with court and advising on Labour & Health matters.
Monthly closing of FI and CO Module using SAP -ECC 6.
Ledger management and technical analysis in FICO.
Conversant with Tanzanian laws related to manufacturing and trading businesses and import/export documentation procedures.
Monitoring preparation of financial reports (MIS) with budget vs achieved and growth over the past year that summarize & forecast the organization’s financial position on maximizing profits
Providing financial leadership and guidance on financial issues of the group companies (Noble Motors, Noble Rent A Car & Tours, Kings Agro and Mimo Agencies) with total turnover of $ 12 Million
Preparing business plan and annual budget, cash flow and capex.
Driving and managing overall activities of sales and marketing of Agri Machinery Division. Liaising with Sales team for achieving the targets, field trips along with them,
Undertaking feasibility analysis and evaluation of capital investments for new project proposals
Driving overall accounting activities such as preparation of statutory books of accounts & financial statements as per standard norms
Arranging working capital loans from banks (fund base OD, T/L and Non Fund Base -LC and BG) against property.
Facilitating smooth execution of all legal contracts & financial covenants
Monitoring preparation of financial reports (MIS) that summarize & forecast the organization’s financial position on maximizing profits
Ensuring timely realization of debtors and monitoring payments made to vendors; tracking accounts receivable / payable accruals and reconciliation of accounts receivable / trial balance to the general ledger
Liaising with custom bonded warehouse, agents & revenue authority for clearance of imports through sea & air
Managing Foreign Exchange transactions; ensuring timely submission of monthly statutory returns, VAT returns, PAYE, NSSF, so on
Ensuring timely realization of debtors and monitoring payments made to
vendors; tracking accounts receivable / payable accruals and reconciliation
of accounts receivable / trial balance to the general ledger
Liaising with custom bonded warehouse, agents & revenue authority for
clearance of imports through sea & air
Managing Foreign Exchange transactions; ensuring timely submission of
monthly statutory returns, VAT returns, PAYE, NSSF, so on
Highlights:
Played a pivotal role in arranging funds worth $ 5 Million from overseas at
an attractive rate of interest for the farmers, thereby amplifying yearly
turnover of approx. 500 tractors
Steered implementation of Customized - SQL Base ERP System along with
software developers
Restored financial health of the company through the following initiatives:
Took control of all receivables, payables and assets
Established a strong working relationship with bankers, suppliers and
workers; negotiated settlements and restructured financial liabilities with
bankers, suppliers and statutory agencies
Resolved numerous pending legal, statutory, direct and indirect tax cases
and ensured a fresh start to operations; arranged finance facilities for the re-
commencement of business
Generated $ 150K cost reduction in annual operating expenses by
rearranging workloads and removing unproductive personnel
Established and implemented internal control disciplines throughout the
division to maintain integrity and accuracy of financial reports
Incorporated system based controls that resulted in elimination of several
manual processes and saving of up to 60 man hours per week
Improved working capital by 15% by reducing inventory
Successfully reviewed and enhanced all financial procedures and internal
controls, automated and integrated financial information systems, prepared
financial forecasts with coordinated budget projections, and developed a
plan to finance significant unfunded capital authorizations
Independently managed Finance, Accounts & Sales operations of 3 group
companies including 3 branches
Successfully implemented credit control policy of the company
Kept close control of inventory and maintained re-order level
Ensured timely submission of all monthly statutory returns
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