Summary
Overview
Work History
Education
Affiliations
Timeline
Skills
Generic

KWABENA OFORI-NUAMAH

Chartered Accountant
Accra, Ghana,Ghana

Summary

Detail-oriented Financial controller with 6+ years of experience, skilled in accounting and financial statements. Seeking to improve financial operations such as cash flow and reporting efficiencies and budgeting.

A versatile, analytical, dedicated and hardworking person with a practical hands-on approach who always perseveres to achieve best results. Dedicated Finance professional with history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand. To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills.

Overview

10
10
years of professional experience
7
7

Years of post-professional qualification

Work History

Finance Controller

METROPOLITAN HEALTH INSURANCE
Accra
2016.09 - Current
  • Responsible for efficiently and effectively delivering on entity’s financial reporting and transaction processing requirements to ensure compliance with all relevant legal and fiduciary requirements in line with Group objectives
  • Core duties include:
  • Reporting: Preparation and production of monthly commentary on company’s financial performance for review, and analysis
  • Presenting data to various stakeholders such as Board of Directors and Other Senior Management
  • Budgets: Preparation and production of budgets for review, thus contributing to medium to long term business planning process
  • Cash management: Manage collections and payments to ensure optimum cash flow management
  • Compliance: Ensure that Metropolitan Health is in compliance with statutory laws and legislations regarding finance
  • Submit all statutory returns on time and in compliance with all regulatory requirements
  • Audit: Provide all audit information while liaising with both internal and external auditors as required for clean audit
  • Payroll: Prepare and update payroll schedules for company
  • Ensure all regulatory payments are made
  • Key accomplishments
  • Completed 2019 to 2021 Financial audits with no exceptional audit findings.
  • Assisted with growing Financial Investments from GH¢8m in 2016 to over GH¢50m in 2021
  • Completed tax audit for periods 2015 to 2019 with minimal tax liability exposure
  • Built several Microsoft Excel financial models including Investment, Payroll, Financial reporting and Fixed Assets that have improved efficiency and effectiveness of some finance processes.
  • Analyzed financial statements against forecasts to prepare high-level variance analysis.
  • Reviewed documentation and identified financial discrepancies where applicable.
  • Trained new and existing staff members in various financial procedures to prepare for job requirements.
  • Reviewed monthly reconciliation of bank accounts and took corrective actions on deviations.
  • Followed up with delinquent accounts to obtain funds and reduce aging balances.
  • Assisted in upper-level decision making by creating comprehensive financial reports and collaborating with finance and accounting departments.
  • Worked with both internal and external users to create detailed financial reports.
  • Formulated strategic plans and supported tactical initiatives to execute cost-savings deliverables.

Acting Chief Finance Officer

METROPOLITAN LIFE INSURANCE GHANA LTD
Accra
2019.08 - 2019.12
  • Responsible for smooth functioning of Finance function of all three Metropolitan Insurance Companies in Ghana
  • Coordinating finance operations activities and ensuring timely accurate reporting to Momentum Metropolitan Holdings Group (Parent company)
  • These specifically included;
  • Monitored day-to-day financial operations within company, such as payroll, review and approval of claim and management expense payments
  • Oversaw activities of financial department employees, including financial assistants and other staff
  • Assisted with contracting outside services for tax preparation, auditing, banking, investments, and other financial needs of company
  • Tracked financial performance to identify areas for potential improvement and possible budget excesses
  • Reviewed financial data and prepared monthly and annual reports
  • Presented financial reports to board members, stakeholders, executives, and clients in formal meetings
  • Assisted with drafting and implementing financial policies and procedures for company
  • Assisted with monitoring compliance with all relevant financial regulations and legislation of company and industry.
  • Developed and maintained courteous and effective working relationships
  • Resolved problems, improved operations and provided exceptional service
  • Used critical thinking to break down problems, evaluate solutions and make decisions

Senior Associate

KPMG
Accra, Ghana
2015.10 - 2016.08
  • Below are skills and competencies acquired working as Auditor-In-Charge with KPMG:
  • Preparation of complete Financial Statements from source documents in compliance with International Financial Reporting Standards (IFRS);
  • Identifying areas requiring improvement in clients business processes and possible recommendations and preparation and delivery of Management Letter to clients;
  • Business appraisal, operational and financial risk exposures of KPMG clients and evaluation of internal control systems including material control weaknesses as part of value added services provided by KPMG;
  • Coordinated planning, risk assessment, testing and timely completion of audit engagements;
  • Ensure that audit team work efficiently and effective in order to complete audit in time and avoid budget overruns
  • Served as auditor-in-charge of various financial statement audits including: New Crystal Health Services, Cargil, Cocoa Board, Aluworks, Metropolitan Life Insurance Ghana Ltd, Metropolitan Health Insurance Ghana Ltd., and Metropolitan Pensions Trust
  • Also played key role during validation of KPMG Provident Fund Audit.
  • Improved customer satisfaction by quickly and effectively addressing inquiries and complaints
  • Trained and supported new team members, maintaining culture of collaboration
  • Identified and resolved complex issues by applying advanced analytical and troubleshooting strategies
  • Assigned tasks to lower-level personnel based on qualifications and skills set
  • Served as liaison, facilitating communication between management and associates
  • Worked varied hours to meet seasonal and business needs
  • Used Microsoft tools to create correspondence, edit spreadsheets and develop presentations
  • Kept detailed records of daily progress to identify and correct areas needing improvement
  • Maintained confidentiality on projects, with clients and regarding corporate data to alleviate data breaches

Audit Associate

KPMG Ghana
Accra, Ghana
2012.10 - 2015.09

Responsibilities included:

  • Identify and assess risks of material misstatement of financial statements due to fraud or error;
  • Obtain understanding of client processes and internal controls and assess those controls for efficiency and effectiveness in detecting misstatements due to fraud or errors;
  • Obtain sufficient appropriate audit evidence regarding assessed risks of material misstatement due to fraud or error, through designing and implementing appropriate responses
  • Respond appropriately to fraud or suspected fraud identified during audit and communicate fraud or suspected fraud to those charged with governance.
  • Analyzed trends in financial data to investigate fluctuations.
    Performed auditing work in accordance with rigorous auditing standards and principles.
    Met with clients to identify and assess business controls, risks and workflow inefficiencies.
    Performed extensive assessments of assets, liabilities and equity to verify accuracy in financial reports.
    Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
    Interviewed business owners to understand needs and explain audit scope.
    Followed established auditing processes to meet internal and regulatory requirements.
    Prepared working papers, reports and supporting documentation for audit findings.
    Identified management control weaknesses and provided value added suggestions for remediation.

Key accomplishments

  • Completed all audits on time with minimal audit queries
  • Was rated highly effective in 3rd year at KPMG
  • Trained junior colleagues in effective ways of using Microsoft office particularly Excel.

Education

Professional Course - Financial Data Modeling

Mind Cypress
Online (Baltimore, USA)
2021.10 - 2021.11

Masters in Business Administration -

UNIVERSITY of SOUTH WALES
Newport
2017.09 - 2021.11

BSc. Business Administration - Business Administration (Major: Accounting)

KWAME NKRUMAH UNIVERSITY oF SCIENCE AND TECHNOLOGY (KNUST)
Kumasi, Ghana
2017.08 - 2020.03

Affiliations

Institute of Chartered Accountants Ghana. (ICAGH). Membership no. 104596

Timeline

Professional Course - Financial Data Modeling

Mind Cypress
2021.10 - 2021.11

Acting Chief Finance Officer

METROPOLITAN LIFE INSURANCE GHANA LTD
2019.08 - 2019.12

Masters in Business Administration -

UNIVERSITY of SOUTH WALES
2017.09 - 2021.11

BSc. Business Administration - Business Administration (Major: Accounting)

KWAME NKRUMAH UNIVERSITY oF SCIENCE AND TECHNOLOGY (KNUST)
2017.08 - 2020.03

Finance Controller

METROPOLITAN HEALTH INSURANCE
2016.09 - Current

Senior Associate

KPMG
2015.10 - 2016.08

Audit Associate

KPMG Ghana
2012.10 - 2015.09

Skills

    Corporate finance

undefined
KWABENA OFORI-NUAMAHChartered Accountant