Finance Expert
Resume:
MR. NEWMANN K. A. ANANE-ABOAGYE ACCA, MBA. BCOM
P. O. Box CO 4163,
Community 1 - Tema
Tel: 024-****-***, 020*******
Email: **********@**********.***
**********@*****.***
PROFILE
Dynamic and results-oriented Professional Accountant with over 20 years of experience in finance and administration across various sectors of industry. Proven track record of driving financial sustainability, optimizing resource allocation, and supporting strategic initiatives to enhance organizational growth. With a strong background in financial planning, budgeting, and forecasting, I am adept at aligning financial objectives with overall business goals. My leadership style emphasizes collaboration, transparency, and accountability, fostering a culture of excellence within the finance team.
WORK EXPERIENCE
Ghana Institute of Linguistics, Literacy and Bible Translation (GILLBT) P. O. Box 378, Tamale, Ghana
Director of Finance & Advancement November 2016 - Present
Manage the financial operations of Ghana Institute of Linguistics, literacy and Bible Translation (GILLBT). Supervise a staff of Senior Finance officer, Two Finance officers and a Finance assistant in the finance department.
Ensure the update Chart of Accounts and creation of the necessary account items in the Financial Management System by giving appropriate approvals.
Supervise preparation of payroll and staff receivables.
Ensure all statutory and regulatory requirements are met and on time (Compliance).
Work with department heads and project managers to prepare, review and maintain budgets.
Manage the mobilization efforts of the institute. These include planning and implementing campaigns and fundraising activities.
Monitor project expenditures against budgets, review related documentation for completeness and accuracy, and investigate major variances to ensure compliance with MOUs project partners and donors.
Monitor project cash flow and budgeted requirements. Schedule transfers with Field Operations Managers, and request transfer of funds to projects. Coordinate fund transfers with Field Operations Managers and Accounting staff.
Collaborate with Income Generating Units and Administrative Departments to optimize resource allocation and enhance operational efficiency.
Provide strategic guidance on capital projects, facility management, and long-term financial sustainability.
Associate Director for Finance and Administration November 2011 – October 2016
Led the finance team in the development and successful implementation of the Controls and Procedures manual of the institute;
2
Led the administration team in all matters relating to General Human resources i.e. Recruitment, Managing Administrative staff, Dealing with all Payroll issues, Annual Leave Administration, Retirements and Resignations;
Coordinated and prepared organisation-wide budgets and monitored and controlled to ensure that both income and expenditure are within budget, if not, provide explanations for variances;
Ensured that the institute performs its donor and financial responsibilities; including the coordination and management of external financial reporting. This meant preparing and submitting accurate and prompt reports to donors and donor institutions/agencies;
Ensured the application of appropriate accounting principles (IFRS and GAAPs) to generate accounting records that support both operational requirements and external statutory and funding requirements;
Evaluated the cash flow of the institute and routinely advice management and the Executive director on a cause of action;
Ensured the preparation of Quarterly and Annual financial statements of the institute for audit and any other Reports required by the Board and donor agencies like Wycliffe USA, UK etc, The Seed Company (TSC), DFID and USAID;
Ensured that all assets of the institute are properly secured and managed using an up- to-date Assets Register and also insured where appropriate;
Established sound cash management systems and procedures for the operations (e.g. Income Generation Units) of the institute;
Prepared medium and long-term plans and Annual Budgets for the institute and ensuring adherence to same.
Data Link Institute (University College) June 2008 – November 2011 P. O Box 2481, Tema, Ghana
Accountant
Oversight responsibility of Account office staff (Supervisory)
Administered Payroll and ensured that all statutory returns (SSF and PAYE) are prepared and promptly submitted and paid for promptly.
Collaborate with academic and administrative departments to optimize resource allocation and enhance operational efficiency.
Ensured that Debtors/Receivables (Students owing) listing is up to date and individuals notified of their debts (Reconciling Receivables)
Prepared daily cash flow (Tracking receipts and expenditure) to ensure the institute was sufficiently liquid to function in the short to medium term
Prepared monthly and annual report – Income and Expenditure Account, CashFlow Statement and Balance sheet (Full financial Statements) for audit
Prepared annual reports and estimates (Budgets) i.e. Co-ordinate the preparation of Departmental Budgets and integrate them into an institutional budget (master Budget) to be divided into quarterly Budgets and monthly budgets.
Ensure that effective and efficient internal controls and procedures are in place and adhered to by all
Any other duties assigned by the President, Vice president (HR & Admin) Parry and Company Limited September 2006 – April 2008 No. 10 Otublohum Street, North Ind. Area, Accra, Ghana 3
Accounts Controller
Reconciling all bank accounts at month end and Reconciling inter – company accounts
Preparation of annual and monthly budgets and controlling same by the use of variance analysis
Liaising with the Finance Manager on all export related costing and making the required postings
Oversight responsibilities over debtors and their reconciliation
Assisting the Finance Manager to meet all reporting deadlines, quarterly and annually
Preparing and processing local invoices issued to Magi Trading in Nigeria
Preparing company Payroll and ensuring the completion and submission of all statutory returns
Teledata Limited April 2004 to March 2006
Accounts Officer
Responsibilities
Prepared Daily Cash Flow Reports;
Prepared Payroll and ensured that all statutory returns (PAYE and SSF) are filed promptly;
Prepared Monthly Reconciliations of Receivables and Payable ledgers
Prepared Bank Reconciliations and liaised with the bankers to resolve all banking related issues;
Prepared of Monthly Financial Reports;
Supervised the work of three (3) other Accounts Office Staff;
Assisted and Supported Group Financial Controller and Managing Director with all other issues pertaining to the Finances in the company (Including the management of the Working Capital of Teledata);
Centre For the Development of People (CEDEP) April 2003-March 2004 Programme Officer - Finance
Responsibilities
Planned and prepared the Organisations budgets in conjunction of Programme Managers and the Account team for approval by the Board of Trustees;
Prepared periodic Financial Accounts for the organisation;
Prepared and Submitted Monthly Income tax and social security fund returns to the I.R.S. and the SSNIT respectively;
Prepared monthly Bank Reconciliation Statements and liaised with the bank in the resolution of all banking related issues;
Prepared monthly, quarterly and annual Project Reports for Partners (Both Local and Foreign); including USAID, DANIDA, Save the Children etc.
Supervised the work of Finance Assistants (One Programme Officer and 3 Assist. Programme Officers);
Kept Staff Loan Schedules and Monitor their movements;
Managed the Organisations Provident fund scheme from the Finance office;
Prepared and ensured the payment of Staff Salaries (Payroll); Ghana Baptist Theological Seminary July 2001-Mar 2003 4
Accountant (Bursar)
Responsibilities:
Formulated financial policies for approval by the Finance Committee of the Trustees;
Administered and implemented all approved policies and ensuring adequacy of such policies;
Took measures, to promote efficient and effective accounting records keeping.
Supervised and approved prepared Bank Reconciliation Statements by accounts officers;
Updated and Advised the principal at least once a week on the financial status of the institution;
Prepared the payroll and ensured the submission of PAYE and SSNIT returns on time;
Prepare periodic financial reports for the consideration of the governing council
(Trustees).
Assist the principal in drawing the institutions annual Budgets for the Council’s approval.
Assist the principal in supervising the non-academic Staff of the seminary; EDUCATION
October 2015 Sikkim Manipal University – Academic City College, Accra MBA – Finance
Best MBA Finance Student
December 2013 Association of Certified Chartered Accountants (ACCA) Member: February 2015
Sept 1994 – Aug 1998 University of Cape Coast, Cape Coast Bachelor of CommerceSecond (2nd) Class Upper (Honours) June 1991- June 1992 Accra Workers’ College GCE ‘A’ Levels Aggregate 5 September 1985 – December 1989 Mars Business College, Dansoman GCE ‘O” Level
RSA Stage II
OTHER EDUCATION & TRAINING
Inside NGO: USAID Rules & Regulations: Grants & Cooperation Agreements ACCA Ghana: Sustainability reporting for the Oil and Gas industry ACCA Ghana Tax and Compliance
Skills:
Financial Planning and Analysis
Budget Management
Fundraising and Development
Strategic planning
Financial Reporting and Compliance
Leadership and Team Management
Grants Management
Capital Budgeting and Investment Analysis
Nonprofit Accounting
5
REFERENCES
Comfort Opokua Ansong
Director of Operations
Ghana Institute of Linguistics, Literacy and
Bible Translation (GILLBT)
Box 378, Tamale.
*******************@******.***
Tel: 050*******, 024*******
Ernest Ansah
President & Founder
Data Link Institute
Tema
******************@*****.***
Tel : 024*******
Dr. Benjamin Yoofi Ghansah (Colleague
Tema
Contact this candidate