Abdul Majeed Amadu
Accra
Summary
Seasoned Finance Manager with a proven track record at Ultimate Supplies Limited, showcasing expertise in financial software like QuickBooks and exceptional problem-solving skills. Spearheaded initiatives that enhanced profitability by 10%, demonstrating strong GAAP and IFRS knowledge. Renowned for leading high-impact external audits and driving strategic tax planning, embodying leadership and analytical prowess.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Finance Manager
Ultimate Supplies Limited
Accra
04.2024 - Current
- Conduct monthly VAT reconciliations to ensure accuracy and compliance with tax regulations.
- Address and resolve VAT-related queries promptly and effectively.
- Prepare and post monthly journal entries accurately and on time.
- Perform reconciliations for prepaid expenses, accruals, sundry items, petty cash, withholding tax, bank, cash, and other ad-hoc accounts.
- Investigate and resolve discrepancies and reconciling items, ensuring the timely clearance of old items.
- Assist with maintaining the fixed asset register, including recording acquisitions, disposals, and transfers.
- Analyze unrealized foreign exchange differences, and report findings.
- Create and maintain projects on the accounting system, process client invoices, reconcile budgets with actuals, and handle project-related requests from management or other departments.
- Ensure correct capturing of supplier invoices via workflow and general ledger allocation, process timely payments to suppliers, and handle employee expense and advance claims.
- File documentation, renew certificates and permits for the company, and handle ad-hoc requests from management or other departments.
- Ensuring accurate VAT reporting minimizes the risk of non-compliance penalties and enhances financial accuracy, which is crucial for maintaining the company's reputation and financial health.
- Timely and accurate journal entries ensure that the company's financial records are up-to-date, supporting accurate financial reporting and analysis.
- Regular reconciliations maintain the integrity of financial records, prevent discrepancies, and ensure that financial statements reflect the true financial position of the company.
- Handling administrative tasks efficiently ensures regulatory compliance, supports operational continuity, and enables the finance team to focus on core financial activities.
- Accurate fixed asset management ensures correct depreciation calculations and asset valuation, which are essential for financial reporting and capital budgeting.
- Ensuring compliance with financial policies maintains internal controls, minimizes risks, and supports the company's financial governance framework.
- Providing timely and accurate financial insights helps business units make informed decisions, enhancing overall business performance.
- Effective project accounting ensures that projects are financially viable, budgets are adhered to, and financial performance is monitored accurately.
- Efficient accounts payable management ensures good supplier relationships, avoids late payment penalties, and maintains accurate financial records.
- Effective cash and bank management ensures liquidity, supports financial stability, and facilitates smooth financial operations.
- Understanding and managing foreign exchange risks can lead to more effective financial planning and risk mitigation strategies.
Project Manager
Maj General Supplies and Consultancy services
Accra
11.2017 - Current
- Directed the overall operations of Maj General Supplies and Consultancy Service, overseeing strategic planning, business development, and day-to-day management.
- Lead and managed a diverse team of professionals, ensuring alignment with company goals and objectives.
- Developed and maintained relationships with key clients and stakeholders, negotiating contracts and agreements to drive business growth.
- Implemented cost-saving measures and efficiency improvements, resulting in a 20% increase in profitability within the first year.
- Achieved a 30% growth in clients through focused networking and marketing projects.
- Spearheaded the development and launch of innovative service offerings, leading to increased revenue streams and market competitiveness.
- Presented findings from data analysis in a clear, concise manner that was easily understood by stakeholders at all levels of the organization.
Audit and Accounts Associate
Mensah J B & Associate, chartered Accountants
Accra
06.2022 - 03.2024
- Conducted financial audits for clients across various industries, ensuring compliance with regulatory standards and internal policies.
- Analyzed financial statements, identified discrepancies, and provided recommendations for improvement.
- Collaborated with cross-functional teams to gather audit evidence and perform risk assessments.
- Implemented process improvements that resulted in a 15% increase in audit efficiency.
- Identified and corrected errors in financial records, leading to improved accuracy in reporting.
- Assisted in the successful completion of audits for high-profile clients, contributing to the firm's reputation for excellence in auditing services.
General Accounting Manager
Comex Risk Management Limited
Accra
09.2019 - 05.2022
- Oversaw all financial operations and accounting functions, ensuring accuracy and compliance with regulatory requirements.
- Managed a team of accountants and administrative staff, delegating tasks, and providing guidance to achieve departmental goals.
- Developed and implemented financial strategies to optimize revenue, minimize risks, and enhance profitability.
- Streamlined accounting processes by implementing automation tools, resulting in a reduction in manual errors, and improved efficiency.
- Negotiated vendor contracts and implemented cost-saving measures, leading to a 15% decrease in operational expenses.
- Implemented internal controls and risk management procedures, reducing the company's exposure to financial risks.
Accountant
The Bloom Bar
Accra
09.2018 - 09.2019
- Managed daily accounting tasks, including accounts payable, accounts receivable, and general ledger maintenance for Bloom Bar Operation.
- Prepared financial statements and reports to track financial performance, and ensure compliance with industry regulations.
- Collaborated with the management team to develop and monitor budgets, forecasting future financial needs, and opportunities.
- Implemented streamlined accounting procedures, resulting in a 20% reduction in processing time for accounts payable and receivable.
- Identified cost-saving opportunities and recommended adjustments to procurement processes, leading to a 15% decrease in operational expenses.
- Provided financial analysis and insights that contributed to informed decision-making, resulting in improved profitability for Bloom Bar Operation.
General Accountant
Suncity Hotel Apartments
Accra
01.2017 - 03.2018
- Managed all aspects of financial accounting for Suncity Hotel Apartment, including accounts payable, accounts receivable, and payroll processing.
- Oversaw month-end and year-end closing processes, ensuring accuracy and compliance with regulatory standards.
- Collaborated with department heads to develop and monitor departmental budgets, providing financial guidance and support as needed.
- Implemented efficient accounting systems and procedures, resulting in a reduction in processing time, and improved accuracy in financial reporting.
- Conducted regular financial analysis to identify cost-saving opportunities and optimize expenditure, leading to a 15% decrease in operational costs.
- Streamlined payroll processes, reducing errors and delays, and improving employee satisfaction.
Finance Manager
G7 Security System Ltd
Accra
11.2014 - 12.2016
- Oversaw financial operations, including budgeting, forecasting, and financial reporting, for G7 Security Systems.
- Managed a team of finance professionals, providing guidance and support to ensure accurate and timely financial transactions and reporting.
- Developed and implemented financial policies and procedures to maintain compliance with regulatory requirements and industry standards.
- Implemented cost-saving measures that resulted in a 15% reduction in operational expenses, while maintaining service quality.
- Developed financial models and analysis tools to improve decision-making processes, leading to a 10% increase in profitability.
- Streamlined financial reporting processes, reducing monthly reporting time, and enhancing data accuracy.
Accountant
MG security services limited
Accra
08.2013 - 10.2014
- Oversaw financial operations, including budgeting, forecasting, and financial reporting, for MG Security Systems.
- Managed a team of finance professionals, providing guidance and support to ensure accurate and timely financial analysis.
- Collaborated with department heads to develop and monitor financial strategies aligned with business objectives.
- Implemented cost-control measures that resulted in a 15% reduction in operating expenses, while maintaining service quality.
- Developed and implemented a new financial reporting system, which improves accuracy and efficiency.
- Led financial analysis efforts that identified revenue growth opportunities, contributing to a 10% increase in company profitability.
Education
MSc - Accounting and finance
Accra Business School
05.2024
Bachelor Technology - Accounting and computer
Accra Technical University
12.2022
Higher National Diploma - Accounting
Accra Technical University
08.2012
Part two -
The Institute of Chartered Accountant of Ghana
12.2024
Skills
- Proficient in financial software, including QuickBooks, Tally, and CaseWare
- Strong knowledge of GAAP
- Strong knowledge of IFRS
- Strong knowledge of grant accounting principles
- Expertise in managing financial operations for nonprofit organizations
- Ability to manage grant compliance
- Ability to manage budgeting
- Ability to manage reporting processes
- Skilled in time management
- Leading external audits for grant-funded projects
- Experience in financial statement preparation
- Experience in audit coordination
- Experience in report writing
- Excellent problem-solving skills
- Focus on maintaining ethical standards
- Proficient in data analysis
- Ensuring regulatory compliance in grant management
- Knowledgeable in tax planning
- Understanding of Tax Regulations for Grants
Certification
- Bachelor Technology in Accounting - Accra Technical University
- Higher National Diploma - Accra Technical University
- Advance Business Certificate (ABCE) - WAEC Digital Certificate
- General Business Certificate Examination (GBCE) - WAEC Digital Certificate
- Reading Financial Statements - Corporate Finance Institute (CFI)
- Accounting Fundamentals - Corporate Finance Institute (CFI)
- Career in Financial Planning and Wealth Management - Corporate Finance Institute
- Introduction to Business Intelligence - Corporate Finance Institute (CFI)
- Business Analytic with Excel – Simplilearn
- Grant Management 101 Certificate of Completion - Udemy
References
References would be provided upon request.
Languages
dagaari
First Language
Timeline
Finance Manager
Ultimate Supplies Limited
04.2024 - Current
Audit and Accounts Associate
Mensah J B & Associate, chartered Accountants
06.2022 - 03.2024
General Accounting Manager
Comex Risk Management Limited
09.2019 - 05.2022
Accountant
The Bloom Bar
09.2018 - 09.2019
Project Manager
Maj General Supplies and Consultancy services
11.2017 - Current
General Accountant
Suncity Hotel Apartments
01.2017 - 03.2018
Finance Manager
G7 Security System Ltd
11.2014 - 12.2016
Accountant
MG security services limited
08.2013 - 10.2014
MSc - Accounting and finance
Accra Business School
Bachelor Technology - Accounting and computer
Accra Technical University
Higher National Diploma - Accounting
Accra Technical University
Part two -
The Institute of Chartered Accountant of Ghana
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