Financial Management Quality Assurance
Resume:
CURRICULUM VITAE
A.PERSONAL DATA
NAME: Mohamed Koroma
DATE OF BIRTH: 27th September, 1981
PLACE OF BIRTH: Freetown
CONTACTADDRESS: * *****, ******, *****
HOMEADDRESS: ** ******* ****, *****
OTHER CONTACT **************@*****.***
B. ACADEMIC RECORDS
YEAR INSTITUTIONS QUALIFICATIONS
2001-2003: Association of Chartered Accountants-UK CAT, Certified Accounting
Technician
2005-2012: Association of Chartered Accountant-UK ACCA, Certified Chartered
Accountant
2014-2016: Herriot-Watt University UK– MBA, Masters in Business
(Edinburg Business School) Scotland Administration
Jan – Dec 2017: National Institute of Information SQL Database, HTML, CSS,
Technology (NIIT) India Java Script, XML, PHP
2018-2019: University of Makeni (UNIMAK) Postgraduate Diploma in
Quality Assurance in Higher Education
2020-2023 Amity University(Utter-Pradesh) Masters in Computer Applications (MCA)
C. AWARDS, MERITS AND RECOGNITIONS
Member, Association of Chartered Certified Accountant, UK
Member, Association of Chartered Certified Accountant, SL
Member, Association of Quality Assurance in Higher Education, SL.
D. EMPLOYMENT HISTORY
YEAR INSTITUTIONS POSITION
2003-2005 KPMG, Sierra Leone Auditor
Responsibilities
Ensure that professional international auditing standards (IAS) are followed by all audited institutions.
Execute and positively contribute to the performance of risk-based audit.
Record, compile and summaries all findings related to audit programs in audit files for review by audit manager.
Prepare annual audited financial statements for audited institutions.
Conduct inventory audits and physical assets verification.
Undertake special audit assignments such as performance, and forensic audits.
Liaise with Institutions internal audit committees and auditors.
2005-2009 ESSCON Sierra Leone Head of Finance and Operations
Financial Management Responsibilities
Manage all aspects of office and grants finance and accounting functions
Manage all country project finances to ensure effective use of resources in order to achieve program objectives in compliance with all donor requirements.
Ensure financial monitoring systems provide timely and relevant reports for Management, including analysis and tracking of grant commitments (i.e. cash advances), obligations, awards and liquidations, to support efficient accountable implementation.
Design and implement policies, systems, and procedures in compliance with standards, ensuring effective internal controls and minimizing risks for of fraud
Ensure that corrective action plans approved by the head office in response to external or internal audits and other monitoring reviews are implemented as planned and scheduled.
Coordinate the preparation and monitor local budgets for existing projects, and prepare accurate cost estimates and budgets for new proposals.
Mentor and train staff to ensure they have the appropriate skill levels for their positions and are developing to their full capacity.
Conduct training/orientation for other personnel as needed on efficient, effective financial and internal control systems, budget analysis, policy and procedure awareness, and compliance
Ensure financial records organization, retention, and security.
Co-ordinate and supervise the work of the Finance Department and its staff.
Ensure full implementation of the Organisation’s financial management manual.
Manage the Sage accounting software for preparation of Financial Statements.
Supervise accounts reconciliations of staff in the department.
Liaise with external auditors
Prepare annual financial statements using international Financial Reporting Standards (IFRS).
Facilitates budget preparation.
Supervise monthly payroll preparation.
Supervise Month end accounts journals
Advise management on financial matters
Co- signatory to the account of the Institutions.
Prepare quarterly budget performance reports and forecasts for managements.
Administrative Management
Ensure Administration, procurement and property management policies and procedures are in line with best practices and compliant with ESSCON policies.
Oversees management of all office premises, travel, and transportation.
Oversee and ensure the proper functioning and maintenance of all office equipment, and outreach to IT contractor.
Ensure HR & personnel policies and procedures are in line with best practices and compliant with local labor law.
Ensure that the highest standards of ethics and confidentiality are maintained.
Process consultant/employment contracts and dismissals.
Other tasks as assigned
2009- July 2013 Freetown City Council Head of Devolved Sectors
Responsibilities
Maintain the Devolved Sectors budget (both Primary and secondary Health care) in Sierra Leone.
Drives the development of all Primary and Secondary Health Strategic Plan in the Sierra Leone.
Drives the development of activities based budget based on the strategic plan.
Development budget performance report from the Action plan.
Monitoring and Evaluation of all devolved sectors health facilities.
Prepare annual financial statements using the Petra Accounting Software
Prepare Annual Financial Statements using International Public Sector Accounting Standards (IPSAS)
Supervise staff in the Devolved Finance Division.
Supervise monthly bank reconciliations.
Supervise the preparation of Quarterly Progress reports to the Local government of Sierra Leone.
Review monthly payroll of staff before payment.
Liaise with audit service Sierra Leone in the audit of Financial Statements.
Facilitate the preparation of Freetown City Council strategic plan.
Produce monthly budget performance report.
Advise the Chief Administrator on Financial matters.
August 2013 to Date Tertiary Education Commission (TEC) Finance Director
Responsibilities
Co-ordinate and supervise the work of the Finance Department and its staff.
Prepare Annual Financial Statements with the use of International Public Sector Accounting Standards (IPSAS)
Liaise with external Auditors- Auditor-General's office Sierra Leone
Facilitate the preparation of the Commission’s strategic plan.
Prepare annual Activities Based Budget for submission to government through the Ministry of Finance (MoF) of Sierra Leone
Drives the implementation of Policies and Programmes from the Strategic Plan of all public tertiary education institutions in the country.
Drives the implementation tertiary education institutions budget based on their strategic plan and action plan
Seek funding from prospective donors in favour of public tertiary educations institutions programmes.
Maintenance of accounting software-QuickBooks (Commission) and Sage for the universities
Monitor the financial systems of all tertiary education institution (public)
Establish, maintain and coordinate the accounting controls and procedures of the Commission.
Advise Management, Executive Secretary and the Chairman of the Commission on Financial Management matters.
Co-signatory to the commission’s account.
Lead the team for reporting Financial Matters to the Sierra Leone Parliament annually
Manage the Civil Service Payroll for Public Universities.
Maintain the database of all core staff of public tertiary education institutions
Supervise the payment of salaries for three thousand two hundred and eighty one (3,281) staff of public tertiary education
oinstitutions.
Reconcile the payroll account before and after the processing of salaries for public tertiary education institutions.
Quarterly analysis of payroll data and make recommendation for improvement.
Positively contribute to the execution and improvement of the institution’s governance through offering valuable input to Governance, Risk, Compliance (GRC) and other risk management tools;
Contribute to the preparation of the five year higher education sector plan.
Develop Standard Operating Procedures for the Commission.
Ensure that financial resources are available for institutions embarking on programmes and courses.
Monitor the financial management systems of higher education institutions to ensure compliance with the public Financial Management act of 2016.
Participate in the accreditation of tertiary education institution.
Undertake annual performance appraisal of staff in the directorate.
Serve as a member for the procurement committee of the Commission.
Prepare bank Reconciliations for the Commission's Main Account at the Bank Of Sierra Leone.
Produce the quarterly progress report for submission to the Ministry of Finance before funding.
Supervise staff in the Finance Department.
Produce the monthly Budget and Actual report for actions by senior management.
Donor Funded Project Responsibilities
Project Lead for the Assuring Quality In Higher Education -Sierra Leone project for the Tertiary Education Commission( DFID-Funded)
Ensure the project deliverables are achieved based on the agreed workplan and budget.
Representing the Commission at the Project implementation task force meetings.
Liaise with the SPHEIR office in Sierra Leone on project financial matters.
Liaise with external auditors for quarterly monitoring (Price Water UK).
Project Lead for the Harmonization of Curricula for Teacher Training Colleges at Tertiary Education Commission-(DFID funded)
Achievements
Improve the Tertiary Education Commission's budget from $313,032 to $3,130,428 per annum
Budget savings of $78,800 per annum
Received Unqualified audit opinion from the Auditor -General for over nine years
Sound financial control environment since a comprehensive finance operational manual was developed by me.
The Fixed Asset Register was developed to track all assets of the Commission and also calculate their carry values.
The government saved $75,000 per annum from the payroll of public universities through a wage bill strategy.
Trained seven staff in the finance department on Financial Reporting Standards .
Trained seven staff on internal and external audit procedures
Raised internal revenue from $85,217 to $170,560 per month.
January 2023 to Date: Associate Lecturer at the CODE College of Digital Excellence in Sierra Leone
Achievement
I trained a student who scored 65% in SQL . This was the highest at the time.
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