Business Process Financial Management
Resume:
TESFA TADESSE FIDA, MSC, FCCA
Managing partner, Fractional CFO
PROFILE
ACCA qualified accountant with over 20
years of post-qualification experiences
with exposure in international
assignments.
I have skills on financial management,
business process improvements,
evaluation of financial management
capacity, redesigning and documenting
business process for standardization and
automation, preparation of
organizational structure and salary scale,
and recruitment of key management
staff. Furthermore, my key areas of
expertise include automation projects
management (ERP), experiences in
providing trainings to resolve capacity
problems for finance people and
auditors.
CONTACT
PHONE:
WhatsApp: +251-*********
Email:
******@*****.***
https://www.linkedin.com/in/tesfa-
tadesse-msc-fcca-6aa6941a/
EDUCATION
University of London
Jan 2018 – Dec 2019
Core study was strategic project financing and modern issues of accountancy profession. Completed my masters with merit. Addis Ababa University
Sept 1994 – Jun 1997
Studied foundational accounting courses and graduated as top students of class 1997.
PROFESSIONAL CERTIFICATION
ACCA (UK)
Nov 1998 – Dec 2000
Professional accountancy examination to become certified accountant. Managed to clear 14 exams in two years scoring top mark nationwide on some of the papers.
WORK EXPERIENCES
TAY Certified Audit Firm, Managing Partner
July 2005– to date
Provided auditing, accounting and liquidation services to over 1,500 clients and having over 45 employees. The client profile includes International and local NGOs, business organizations such as banks, insurances, real estates, wholesalers and retailers, manufacturing, financial institutions, etc. During the time from 2017 to 2020 I covered over 20 bank audits in Ethiopia. I successfully led TAY to achieve profitability, modernized its audit process by deploying audit software, expanded client base, and enhanced quality of service. Bridges US, Los Angeles, CA (Fractional CFO)
Jan 2022– to date
Bridges US is a not-for-profit organization registered and operating in the US with its base in LA, California. During my service to the organization, I assisted the organization to implement Sage Intacct ERP, setup necessary report designs, get its accounting records kept up to-date and enhanced data accuracy. Besides I helped the company in recruiting junior accountants and couched the accountants.
2/3
Alvima Foods Complex PLC, (Board member and Advisor to the CEO) July 2017– to date
As the company was planning to establish a manufacturing plant at the time I joined, I was filling various positions in the capacity related to finance, audit, and consultancy to help realize successful implementation of the project. I recruited different staff members including managers, I designed internal audit process and implemented it during the project phase, Organized managers to draw standard operating procedures of their respective departments, reviewed, commented the draft SOP and finally managed it to be approved and implemented, and I provided CFO services till the company gets one on board. I also negotiated and secured international insurance coverage against country risks from the World Bank Group, Multilateral Investment Guarantee Agency, followed up compliance and annual renewals, evaluated investment opportunities by conducting feasibility studies and financial projections. Advised on investment opportunities resulting in informed decision making. Led implementation of ERP system with successful implementation. Negotiated and secured loan at a favorable interest rate,
Info Mind Solutions PLC, (Fractional CFO)
Jan 2019– Feb 2021
As CFO I put in place healthy financial control and reporting system and advised the CEO on financial strategy. Managed to enhance its cash flow position, negotiated & secured major loans with banks, negotiated interest rates on loans securing reduction up to 40%, managed settlement of taxes in arrears due to cashflow problem, advised and organized key information resulting in success in attracting an incoming equity investor. Finally, with my leadership as CFO the company reported huge profit after two years successive loss.
Kobil Ethiopia Ltd, (Finance Manager)
Sept 2007– Sept 2011
Managed the overall finance function, group reporting, and provided advisory services to the General Manager and the Parent Company on finance, tax, employment and administration issues. I was also engaged in selection, hiring and training of finance manpower, organized the tasks of the finance department resulting in the finance department of Ethiopia became the most efficient of all subsidiaries United Bank, Controller (Chief Internal Auditor)
Feb 2004– Sept 2007
Evaluated and updated existing control systems, tailored and updated audit and inspection procedures, supervised the internal audit function of the Bank, drown recommendations to rectify audit findings and followed up their implementation, trained auditors and inspectors. Conducted business process reengineering by organizing and leading the Business Process Reengineering Sub Committee of the bank as part of automation project of the bank. I have also reengineered the audit process of the bank including development of the necessary audit manual for the new process shifting the audit process from fully pre-audit based to risk based post-audit procedures. Provided advisory service to departments and branches on control issues, local regulations governing the banking sector including tax laws and other operational issues. Besides I have worked as team leader, chairman and member of various computerization taskforces to computerize the business process of the bank.
Alan A. Bromhead & Co (Audit Manager)
Jul 1997– Jan 2004
- Worked starting from audit trainee level
up to audit manager with successive
promotion during the six and half years
time.
Completed audit of various organizations
leading audit team as audit manager in
smaller and mid-size audits and participated
in audits of big companies. The companies
covered includes banks, insurance
companies, charities, trading companies,
etc.
Other Activities
- Board membership in insurance
company and microfinance
- Various consultancy activities to
mention some In 2018 worked as sub-
consultant for IGAD with specific
responsibility to develop Travel
Procedure Manual and to deliver
training on the same document, in 2016
and 2017 to prepare grants
management manual, sub-delegation
manual,
- In December 2015 worked as a
Financial Consultant for ILO & FAO to
assess financial record keeping and
reporting capacity of financial
cooperatives in Ethiopia and to
recommend financial record keeping
model and reporting standard for
further automation.
- In 2013 to 2015 assessed financial
management capacity of various
implementing partners based in
Benin, Burkina Faso and Ethiopia for a
donor based in the Netherlands
(Woor en Daad).
3/3
TRAININGS
Recent major trainings participated are
• Obtained Sage Intacct Fundamental training, Reporting and dashboard in 2022 and 2023.
• Obtained 6 weeks training entitled “Keeping up with Change: Issues for the Finance Professional by University of London. Certificate earned on September 12, 2017. The training covers topics such as corporate governance, the role of shareholders, the board and internal audit, IFRS, and business strategies.
• Obtained training on audit software including foundation and system manager courses conducted by Kawai Consulting Ltd, Nairobi, Kenya. Certificate earned on 25 August 2017.
• Obtained various trainings on IFRS by Kawai Consulting Ltd, Nairobi, Kenya and TAY.
• Obtained 6 weeks online training on Organizational Capacity: Assessment to Action (OCAT) based on the McKinsey tools from Philanthropy University in association with Haas School of Business, University of California, Berkeley. Certificate earned on 9th of August 2015.
• Participated in Educational tour of Oil Industry & basic economic activities in Israel from 13 May to 28 May 2011, covering main cities such as Tel Aviv, Haifa, Askelon, Ashedod & Jerusalem SKILLS
I have skills on the below
1) External audit and internal audit
2) Fraud investigation
3) Budgeting and costing
4) Financial projection for project
financing
5) Financial modeling
6) Financial management capacity
assessment
7) Advanced use of excel
8) CCH Audit software
9) Donor Perfect software
10) Sage Intacct
11) QuickBooks
LANGUAGES
Fluent in English, Amharic, and Afaan
Oromo.
REFERENCES
References are available upon request.
Contact this candidate