EMMANUEL KOFI QUANSAH
ACCRA
Summary
Market-driven Chief Financial Officer adept at coordinating executive financial activity and capitalizing on market opportunities. Decisive leader and forward-thinking manager with excellent attention to detail and a hardworking mentality. Ready to apply 15 years of progressive experience to new position with long-term potential.
Overview
19
19
years of professional experience
Work History
Chief Finance Officer
Phoenix Health Insurance Ltd
01.2017 - Current
- Liaising with external auditors for successful completion of six statutory audits in accordance with International Financial Reporting Standards (IFRS)
- Lead, in negotiating setup of staff provident fund, for over 10 staff with pension manager
- Team Lead for tax audit by Ghana Revenue Authority for five-year tax audit scope
- Oversaw budgets, payroll, and accounts payable and receivable with error level of less than 1%.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Implemented cost reduction initiatives and process improvements to optimize efficiency and productivity.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Improved cash flow, retired debt and built cash reserves to control costs and enhance benefits.
- Managed and led direct reports to handle treasury and corporate finance functions.
- Worked closely with audit team to hedge against or mitigate operational risks to less than 20%.
- Assessed company resources to keep business funded and nurture relationships with investors, lenders and key partners.
- Completed in-depth analyses of risks to control company profile, enhance 70% of systems and track legal concerns.
- Conducted detailed analysis of company financial information to drive internal and external financial reporting, stewardship of company assets and ownership of cash management.
- Developed and oversaw yearly budgets and capital structure of company to determine best mix of debt, equity and internal financing.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance, and revenue targets.
- Prepared year-end fixed asset schedule to create positive impact on shareholders, creditors and investors.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Reviewed documentation and identified financial discrepancies where applicable.
- Supported operations management, sales, and marketing efforts to increase revenue by 50% and overall financial health.
- Created organizational structures to improve accounting and finance functions.
Finance Manager
Gilead Medical & Dental Centre Ltd
09.2016 - 12.2016
- Trained two new and two existing staff members in various financial procedures to prepare for job requirements.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Reviewed documentation and identified financial discrepancies where applicable.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations, for three bank accounts.
- Created organizational structures to improve accounting and finance functions.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
- Supported pension program rollout following targeted analysis and research, for over 15 staff members.
Assistant Manager - Finance & Accounts
CDH Investment Holdings
05.2015 - 12.2016
- Consistently ensuring that funds are availed for payment of expenses, claims, salaries and statutory payments without negative response from bankers and vendors
- Achieved success in reforming how fuel coupons are purchased for use by managers and cars within group pool, for over 10 vehicles.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations for over five bank accounts.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Trained new and existing staff members, over 10 in number, in various financial procedures to prepare for job requirements.
- Reviewed documentation and identified financial discrepancies where applicable.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
Audit Associate
Phoenix Life Assurance Company Ltd
05.2011 - 04.2015
- Prepared working papers, reports and supporting documentation for audit findings.
- Conducted financial, compliance and operational audits.
- Identified various risks and errors to propose corrective action to decision makers.
- Analyzed accounting systems for efficiency and effectiveness.
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Identified management control weaknesses and provided value added suggestions for remediation.
- Performed extensive assessments of assets, liabilities and equity to verify accuracy in financial reports.
- Maintained professional knowledge by attending two audit and insurance workshops annually
Student
Not Employed
10.2009 - 04.2011
- Undertaking professional examinations (ACCA)
- Skilled at working independently and collaboratively in team environment.
- Self-motivated, with strong sense of personal responsibility.
- Excellent communication skills, both verbal and written.
- Strengthened communication skills through regular interactions with others.
- Worked flexible hours across night, weekend and holiday shifts.
Audit Senior
Dobson & Co
01.2004 - 09.2009
- Started as intern working for 3 months at time over four year period whilst pursuing accounting degree at university until graduation.
- Prepared tax computations for three individual clients and five companies that were all successfully filed.
- Outlined planning documentation for successful completion of 10 audit assignments.
- Drafted audited financial statements and reports in accordance with International Financial Reporting Standards (IFRS).
- Audited financial statements of over 10 various companies and organization's, including trust accounts of five law firms in accordance with International Standards on Auditing (ISA).
- Prepared working papers, reports and supporting documentation for audit findings.
- Provided journal entries and performed accounting on accrual basis.
- Maintained integrity of general ledger and chart of accounts.
- Collected and reported monthly expense variances and explanations.
- Kept audits working smoothly to meet strict timetables and labor hour budgets, keeping a 85% success rate.
- Performed auditing work in accordance with rigorous auditing standards and principles.
- Performed extensive assessments of assets, liabilities and equity to verify accuracy in financial reports.
- Handled planning and budgeting for audit engagements.
- Met with clients to identify and assess business controls, risks and workflow inefficiencies.
- Supervised and developed associates and oversaw auditing activities across operational, personnel utilization and excessive billing areas.
- Interviewed business owners to understand needs and explain audit scope.
Education
Master of Professional Studies - Accounting And Finance
Association of Chartered Certified Accountants
Glasgow, United Kingdom02.2023
CPD on Budget preparation and controls -
Institute of Chartered Accountants, Ghana
Accra, Ghana06.2018
Master of Professional Studies - Accounting And Finance
Institute of Chartered Accountants, Ghana
Accra, Ghana10.2018
Associate of Toronto Centre - Risk Management
Toronto Centre
Toronto, Canada12.2017
Post Chartered Diploma - Risk Management
Institute of Chartered Accountants
Accra, Ghana10.2016
ACCA Affiliate - Accounting And Finance
Association of Chartered Certified Accountants
Glasgow, United Kingdom03.2014
ACCA Tuition - Accounting And Finance
Kassig Study School
Accra, Ghana12.2012
ACCA professional examinations - Accounting And Finance
Botswana Accountancy College
Gaborone, Botswana12.2010
Master of Professional Studies - Accounting And Finance
Association of Chartered Certified Accountants
Glasgow, United Kingdom02.2014
Bachelor of Science - Accounting And Finance
University of Botswana
Gaborone, Botswana10.2008
Skills
- Business Consulting
- Risk Management
- Financial Management
- Documentation Compliance
- Budgeting and Variance Analysis
- Audit Coordination
- Corporate Tax Returns
- Accounting Principles Understanding
- Capital Expenditure Planning
- Monthly Reconciliations
- Regulatory Compliance
- GAAP Principles
- Training Employees
- Controls Oversight
Timeline
Chief Finance Officer
Phoenix Health Insurance Ltd
01.2017 - Current
Finance Manager
Gilead Medical & Dental Centre Ltd
09.2016 - 12.2016
Assistant Manager - Finance & Accounts
CDH Investment Holdings
05.2015 - 12.2016
Audit Associate
Phoenix Life Assurance Company Ltd
05.2011 - 04.2015
Student
Not Employed
10.2009 - 04.2011
Audit Senior
Dobson & Co
01.2004 - 09.2009
Master of Professional Studies - Accounting And Finance
Association of Chartered Certified Accountants
CPD on Budget preparation and controls -
Institute of Chartered Accountants, Ghana
Master of Professional Studies - Accounting And Finance
Institute of Chartered Accountants, Ghana
Associate of Toronto Centre - Risk Management
Toronto Centre
Post Chartered Diploma - Risk Management
Institute of Chartered Accountants
ACCA Affiliate - Accounting And Finance
Association of Chartered Certified Accountants
ACCA Tuition - Accounting And Finance
Kassig Study School
ACCA professional examinations - Accounting And Finance
Botswana Accountancy College
Master of Professional Studies - Accounting And Finance
Association of Chartered Certified Accountants
Bachelor of Science - Accounting And Finance
University of Botswana
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