Abigail Addai
Apollonia City
Summary
Knowledgeable Finance Administrator adept at managing accounts payable and receivable, as well as providing payroll, reporting and audit support. Highly detail-oriented and organized with excellent planning and communication skills. Strong multitasker and problem-solver excels in fast-paced business support positions.
Overview
12
12
years of professional experience
Work History
Finance and Compliance Manager
Ghanstock Limited (JV of Total Petroleum Ghana Limited and Fueltrade Limited)
2022.07 - 2023.08
- Plan compliance program for 2022/2023
- Prepared and conducted 4 training and 3 compliance awareness sessions for staff and external stakeholders while ensuring traceability
- Performance of third-party due diligence assessments for over 40 company suppliers in accordance with JV internal procedures
- Review of compliance procedures covering conflict of interest, third party due diligence, gifts and hospitality, charitable contributions, alerts systems and disciplinary measures
- Validation of granting such benefits and supervision of their proper recording
- Conducting internal investigations into alleged violations of compliance program as well as other incidents of corruption, fraud or conflict of interest.
- Monthly dissemination and promotion of compliance program to all employees.
- Monthly reporting of compliance activities to JV governing body
- Provision of compliance advice to employees
- Implementation and monitoring of secure document retention system to keep track of all compliance related activities.
Finance and Administrative Manager
Ghanstock Limited (JV of Total Petroleum Ghana Limited and Fueltrade Limited)
2015.08 - 2022.05
- Attends and report on key budgeting and financial issue to Board of Directors
- Review of ledgers and accounts worth over $24Million dollars for accuracy and ensuring transactions have been keyed at arm’s length
- Preparation of monthly payrolls and related other transactions for over 20 staff
- Complying with statutory regulations and institutions to avoid any penalty which can amount to financial risk to company
- Management of banking relationships and consistent monitoring of bank accounts
- Fixed Asset Register management
- Preparation of amortized loan interest and principal retardation for smooth running of cash flow
- Performs treasury functions by negotiating best rates in respect of foreign exchange trading and putting necessary mitigating factors to avoid financial risk
- Supervision responsibility over both administrative and IT staff
- Liaise effectively with external auditors to ensure that efficient and effective audit process is carried out
- Preparation of year end accounts for Audit
- Develop and mentor all Finance and accounts, Purchasing and procurement and IT team.
Management Accountant
Fueltrade ltd, Ghana
2014.07 - 2015.07
- Preparation of management account, identifying and analyzing key areas for cost control
- Implementing corporate governance procedures, risk management and internal controls
- Supervise computation and review of tax returns
- Maintaining banking relationships and preparing treasury related report such as reports on cash position, management and computation of interest on call accounts, and other bank related transaction
- Preparation of stocks management report for over 120 customers
- Preparing of letters of credit and foreign exchange trading.
- Enhanced budgeting and forecasting processes for increased accuracy, allowing management to make more informed decisions.
- Improved financial reporting accuracy by streamlining the month-end close process and implementing automated reconciliation tools.
- Performed financial administration for over 120 company accounts.
Accounts Officer
Fueltrade ltd, Ghana
2011.11 - 2014.07
- Preparation of bank reconciliations, Cash Book Adjustments, Keeping of Petty Cash, sales to product lifting reconciliations, customer account reconciliation, customer credit allocation and billing customer’s overdue accounts, passing of journal entries for all commercial invoices/bills and any other accounting and finance duties assigned by supervisor.
- Improved financial accuracy by streamlining accounts payable and receivable processes.
- Boosted productivity by automating routine accounting tasks and leveraging technology solutions for improved workflow management.
- Supported month-end closing process by preparing comprehensive journal entries and adjusting balances as necessary.
- Provided valuable insights on cost reduction strategies, leading to increased profitability for the organization.
- Conducted regular audits of financial transactions, identifying areas of improvement in accounting procedures and controls.
- Prepared detailed financial reports for senior management review, highlighting key performance indicators and trends impacting business health.
- Developed strong relationships with external partners such as banks and vendors to facilitate smooth transaction processing on behalf of the company.
- Accomplished 20% reduction in operational expense by streamlining operations.
Education
Masters business administration (Finance Option) - Finance
07.2019
BSc. Business Administration (Accounting and Finance) - Accounting And Finance
06.2010
High School Diploma -
05.2005
Skills
- Supervision and Leadership
- Remote Office Availability
- Teamwork and Collaboration
- Decision-Making
- Microsoft Office
- Research
- Organizational Skills
- Computer Skills
- Flexible and Adaptable
- Task Prioritization
- Team Management
- Friendly, Positive Attitude
- Problem Resolution
Accomplishments
- Allocated all ledger accounts from 2012 to 2014, in order to extract company’s ageing analysis.
- Detected a fraud case that saved the company about Ghc 5,000.
- Saved company about 3 hundred thousand Ghana cedis in Loan interest.
- Installed Ghanstock’s Accounting and Finance department from scratch.
- Compiled the company’s Fixed Assets from scratch (construction of TANK FARM TO OPERATIONAL TANK FARM)
- Saved company six million Ghana cedis through loan restructuring.
- Advised debt and capital re-structuring to Board of directors saving the company $1.5 million in interest rates.
- Advised Management on capital projects and possible benefits.
- Administration and Procurement under my supervision had ISO audit and had an excellent score.
- Leveraged on new technology to improve company workflow systems(paperless) and saved $22k on software cost.
- Audit Chairperson for Sekondi Takoradi Metropolitan Assembly
Languages
English (fluent)
French (basic)
Computing Skills
Good command of Microsoft Office Suite and Sun Accounting System/Factura.
Personal Information
- Marital Status: Married
- Date of Birth: 01/10/88
- Nationality: Ghanaian
Hobbies and Interests
- SME and MMSE advisory and support
- Music and Travelling
Training
2017, Financial Risk Management, ICAG, Training assisted me to identify all risk associated with an organisation and how to factor it in WACC in making my analysis. 2017, Treasury Management, ICAG, Training centred on efficient and effective management of funds. 2017, Update on Ghana’s TAX Environment, PWC, General tax regulations and amendments were learned. Special mention to the loan benefit tax 2017, Total Payroll Management, PWC, Training helps me to prepare complete payroll considering all possible labour and tax laws with very minimal errors to avoid penal charges from tax authorities. 2016, ISO 9001:2015 Full training, This training exposed me to international standards of operations and documentation whilst giving much attention to continuous improvement of company procedures and policies.
Timeline
Finance and Compliance Manager - Ghanstock Limited (JV of Total Petroleum Ghana Limited and Fueltrade Limited)
2022.07 - 2023.08
Finance and Administrative Manager - Ghanstock Limited (JV of Total Petroleum Ghana Limited and Fueltrade Limited)
2015.08 - 2022.05
Management Accountant - Fueltrade ltd, Ghana
2014.07 - 2015.07
Accounts Officer - Fueltrade ltd, Ghana
2011.11 - 2014.07
Ghana Institute of Management And Public Administration - Masters business administration (Finance Option), Finance
Kwame Nkrumah University of Science And Technology, Kumasi, Ghana - BSc. Business Administration (Accounting and Finance), Accounting And Finance
St. John’s Grammar School, Achimota – Accra, Ghana - High School Diploma,
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Work Preference
Work Type
Contract WorkInternshipWork Location
RemoteImportant To Me
Career advancementFlexible work hoursWork from home optionPersonal development programsHealthcare benefitsPaid sick leaveInterests
NGOs and Social impact
Affiliations
- Institute of Chartered Accountants Ghana
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