JONAS YAO KORTO, (ACCA)

Address: Box GP ***, Accra

Mobile: 024*******/024*******/054*******

E-Mail: adg1y1@r.postjobfree.com

Summary

Self-driven and results-oriented Finance Manager, skilled at managing all financial operations. Experienced in developing and allocating budgets, managing financial accounts, conducting reports and revenue forecasts, and coordinating financial teams. Certified Chartered Accountant with excellent analytical skills, communication/leadership skills, strong attention to accuracy, and ability to go extra miles to deliver. A leader with track records of documented contributions leading to improved performance, heightened productivity and enhanced internal control systems. I have also worked with accounting software such as Tally ERP, Sage and QuickBooks

Key Achievements

Turned a three-year loss of (GH¢3.53M) into profit of GH¢4.56M in 2018

Restructured and combined Internal Audit Department with Finance Department and saved GH¢156K annually.

Eliminated leakages at the supply Chain Department and reduced cost of sales drastically by 15% monthly

Designed receivable collection strategy and Improved cash flow position of the company by 15%

Redesigned unmotivated Report- Before- Salary- Policy to boost morale of employees

Retrieved US$0.5M bad debt five months after commencement as Assistant Finance Manager. Professional Qualification

Member, ICA Ghana

Institute of Chartered Accountants, Ghana (ICAG)

Member, ACCA

Association of Chartered Certified Accountants (ACCA), UK Duke Williams Professional Education and Training, Accra Education

B.A (Hons.) Psychology with Philosophy, 1st Class Honours, 2006 Department of Psychology

University of Ghana, Legon, Accra

Experience

Newco Catering and Logistics Limited

Finance Manager Sept 2016- April 2020

Financial management and Budgeting

Prepared timely, accurate monthly management accounts for Management and the Board of Directors.

Prepared Sites’ monthly performance Reports.

Prepared the annual operations and capital budgets for the Company consistent with the organization’s guidelines

Reported to management on variances from the established budget, and the reasons for those variances

Forecast cash flow positions and determined available funds for investment

Responsible for all statutory reporting (WHT, VAT, SSNIT, PAYE), compliance and annual accounts. Leadership and staff management

Provided leadership and support to Finance and supply chain departments other staff, including overseeing appraisal and personnel management

Provided timely guidance and feedback to help others strengthen specific knowledge/skill areas to fulfil responsibilities or tasks.

Allocated tasks appropriately and provided the necessary support.

Developed and maintained effective communication and positive working relationships with the internal and external stakeholders.

Specific Financial Management

Oversaw authorization and payment of all accounts, including all invoices that were received by the Supply Chain Department by ensuring that invoices were legitimate and that one-off payments are authorized by the Managing Director.

Identified cost saving opportunities and operational efficiency and recommended to Management

Ensured that only payments captured by the Budget and approved by the Managing Director were made Risk Management

Reviewed and developed effective and robust financial policies and control procedures.

Developed risk management strategies and processes to curb financial and operational risk

Ensured internal control systems were effective and efficient. Internal/External Audit Management

Recommended revisions or additions to policies and procedures to improve operations internal controls.

Reviewed audit work performed by staff for completion and accuracy

Assisted in the identification and assessment of organizational risks and made recommendations as appropriate to reduce or eliminate such risk.

Liaised with external auditors and closed audited reports after addressing relevant concerns by the auditors.

Newco Catering and Logistics Limited

Internal Audit Manager May-Aug, 2016

The role required planning and undertaking audits to assess controls, operational and technical efficiencies and compliance with selected policies, procedures and regulations. Key responsibilities included:

Implemented internal audit procedures which identified GH¢180K in annual cost savings in procurement related transactions

Designed and implemented a new billing review process to ensure efficiency and accuracy which improved revenue by 32%

Consolidated departmental responsibilities and streamlined accounting system, reducing staff from Eight people to five, saving GH¢156K annually.

Strategic Communications Africa Limited Feb 2016 - May 2016 Senior Finance Manager (Acted)

Worked with project teams to determine the cost of proposals for budgets forecasting.

Executed various projects with over GH¢5M budget achieved with a positive variance with successful results.

Improved cash flow by 15% after review of procedures and processes of operational activities Strategic Communications Africa Limited, Accra Mar 2015 – May 2016 Principal Accounts Officer

Provided direct oversight responsibility of the accounting functions of the organization. Newrest First Catering Limited (Multinational), Accra Jul 2010 – Mar 2015 Assistant Finance Manager/ (Acted Finance Manager) Recruited to oversee the financial and accounting operations of the organization. These were financial reporting, budgeting, general accounting and internal control system, credit management, receivable and accounts payable management and procurement related cases.

Provided financial analysis for multiple remotes sites (Revenues US$ 12M)

Oversaw the implementation of Sage Accounting software throughout the rollout phases.

Reviewed and reconciled shipping documents and clearing accounts with our clearing department and the shipping companies.

Managed two major businesses of Revenue of US$25M and a profit of US$4.5M

Managed over US$5M Cash flow and working capital of two major companies and improved cash flow significantly by 10-15% annually.

Managed credit and retrieved bad debt of US$1.5M five months after my appointment.

Recommend and implemented health insurance policy leading to profit improvement of about 5%

Oversaw seven different business units (remote sites) and consolidated their financial operations and reports

Renegotiated credit limit with suppliers leading to savings of 5-10% of total purchases monthly. Barclays Bank Ghana Limited, Accra 2007 - 2008

Direct Sales Customer Service Advisor

Nima/Maamobi Community Library 2006 - 2007

Assistant Librarian (National Service Personnel)

Christian Fosu & Co. Chartered Accountants, Accra 2002 - 2005 Accounts Officer

Personal Profile

Date of birth: 8th September, 1983

Marital Status: Married

Nationality: Ghanaian

REFEREES

Mr. Joseph Zefo Kere

Box AF 2335

Adenta, Accra

+233 024*******

adg1y1@r.postjobfree.com

Irene Ayitor-Bright

HR/Administration Manager

Newco Catering and Logistics Ltd

+233 024*******

adg1y1@r.postjobfree.com

Mr. Liberty Kpodo-Zidah

General Manager

Newco Catering and Logistics Ltd

+233 024*******

adg1y1@r.postjobfree.com

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