Gerald Adotevi
Accra
Summary
Experienced Finance Professional with 16 years of success in reporting, forecasting, business case, return on investment, pricing, operational risk, and financial analysis. Adept in driving financial decisions to increase profitability and reduce costs.
Overview
15
15
years of professional experience
1
1
Certificate
Work History
EXPERIENCE Finance Consultant
AdsBrook
01.2023 - 04.2023
- Skills: Financial Statements
- Project Finance
- Conducted financial due diligence to improve operational efficiency to ensure smooth transition into global entity
- Successfully navigated fiscal and tax audit with 95% compliance to government regulations, reduced cost of capital by 20%, and improved ROI by 5%
- Developed various financial models to project future profits and assess risk associated with new investments which ensured investment of USD 500K
- Developed various business models to forecast operating expenses and revenue based on market conditions
- Monitored and updated financial plans to comply with client goals
Business Partner
GB Foods
01.2022 - 12.2022
- Accra, Greater Accra, for West Africa (excluding Ghana & Nigeria) and Central-East Africa (including Middle East, Europe & Americas)
- Responsible for Financial Control , Reporting and budgeting for 3 legal entities and 23 countries with achievement of 100% on time reporting for monthly fiscal reporting and budget planning
- Improvement in Product Contribution Margins by 10% from targeted price increases and improvement in COGS from successful implementation of cost saving initiatives amounting to EUR 80M
- With responsibility for analysis and reporting of Group Debt and Working Capital, achieved 98% compliance with Group Working Capital and Debt targets for Africa region.
Finance Manager
EQUATORIAL COCA-COLA BOTTLING COMPANY
02.2019 - 07.2021
- Responsible for all Financial activities and reporting for Business operations in Equatorial Guinea, South Sudan, Guinea Bissau and São Tomé
- Successfully implemented Import business model across 6 countries and 4 operating companies with savings of EUR 60M in the first year
- Delivered improvement in bottom line of 100% from operational efficiency savings, taking listed companies from loss making to positive EBIT in first year
- Led successful implementation of ERP (EPICOR) across operating companies with 100% accurate and on-time reporting for legal entities.
Reporting and Controlling Manager
THE COCA-COLA BOTTLING COMPANY OF GHANA LIMITED, EQUATORIAL COCA-COLA
06.2018 - 02.2019
- Responsible for the Financial Reporting and Controlling activities for the enterprise
- People manager with 4 direct reports and larger team of contract staff in charge of logistics control activities
- Led successful implementation of Finance best practices for accounting and reporting for the unit with the creation and implementation of reporting templates in Excel
- Successfully transitioned accounting operations to the Shared Service Centre with continued 100% accuracy in reporting
- Implemented Refined Fuel Oil savings project with estimated savings of EUR 10M annually to Factory Fixed Costs
- Responsibility for the implementation of Tax stamp project from the Revenue authority, achieving 100% compliance in 6 months.
Managing Partner
Nultan
09.2010 - 04.2017
- Accra
- Managing Partner, Ghana Business Unit
- Achieved revenues of USD 300 K from purchase and sale of video streaming rights from local content producers in first year
- Successfully completed USD 750K contract for document digitization and archiving solution for a major multinational across 2 countries (Ghana & Nigeria).
Business Controller
Nestle Nutrition
08.2014 - 01.2017
- Of CHF 140 million business across 23 countries specialized in Infant and Maternal Nutrition
- Co-pilot to the Regional Business Manager with dotted line reporting to the CFO, Central & West Africa Region
- Analyzed and challenged major CAPEX projects with successful implementation of change of sourcing project for Infant Formula with savings of CHF 62M on COGS
- Successfully analyzed and challenged product portfolio
- With cost optimization and streamlining resulting in CHF 2.2M savings opportunities from elimination of value Destroyers
- Improved the return on investment from commercial/marketing spend from 9% to 22% on BTL activities through the implementation of campaign analysis tools and processes
- Good support Business Innovation and Renovation pipeline with involvement in the development of new product portfolio analysis
- With successful launch of 2 new SKUs delivering combined topline sales of CHF1.2M in the first 2 years post launch.
Business Controller
Nestlé Professional
08.2012 - 08.2014
- For Nestlé Professional - food service organization focused on tapping into the growing out of home consumption in central and West Africa with sales of about CHF 55 million across the region)
- Successfully moved business from loss making entity over previous 5 years to break even during the 2 years of tenure
- Implemented Full asset register to Vending machines and food service assets across 15 legal entities and 23 countries improving traceability of assets and clean-up of asset register with positive impact of CHF 8M on depreciation expenses in 2 years
- Implemented processes to ensure ROI of vending machines and pushcarts by optimization of routes and placement sites resulting in delivery of additional CHF 2M to topline within a year
- Certified trainer on Finance for Non-Finance Managers Course (Value Creations) to managers on the use of internal financial tools, value creation and other controlling related activities.
Audit Team Leader & SAP Implementation Lead
Nestlé Central
01.2008 - 07.2012
- Based out of Accra, Ghana
- Successfully lead over 25 audits to completion in a timely manner, ensuring areas highlighted (audit issues and recommendations) for Nestlé units in line with established audit methodology across Nestle sites and legal entities in over 10 countries across the world
- Successfully lead the Implementation of SAP Finance Modules (AP, AR, BW and workflows) for Phase 2 countries (West Africa excluding Ghana & Nigeria) with over 100 systems controls tested and implementation of 60+ procedural controls
- Responsibility for the planning and implementation for the Business Continuity Plan (BCP) across all 23 countries in Central West Africa Region with successful deployment and usage during SAP outage due to issues with Undersea cable in 2010
- Conducted fraud investigations and audits across various units and companies of the organization with focus on recovery of assets and drove implementation of fraud prevention best practices and procedures.
Education
CIMA) Strategic Level (Level 3) Candidate -
Chartered Institute of Management Accounting
Accra2023
M.D. - Medical Studies
University of Ghana Medical School
Accra, Ghana11.2021
Bachelor of Science (B.Sc - Zoology & Biochemistry
University of Ghana
Accra, Ghana05.2016
Skills
- Industry Knowledge:
- Financial Statements, Project Finance, Management Accounting, Internal Controls, Program Management, Web Content Management, Auditing, Audit, Process Improvement, Internal Audit, Change Management, Project Management, Business Planning, Financial Reporting, Financial Analysis, Accounting, FMCG
- Tools & Technologies: SAP, Excel, PowerPoint, Microsoft Excel, SAP Products
- Interpersonal Skills: Negotiation, Team Management, Leadership, Analysis, Management, Teamwork, Strategic Planning, Team Leadership, Strategy, Analytical Skills
Languages
English
Bilingual or Proficient (C2)
French
Intermediate (B1)
German
Elementary (A2)
Timeline
EXPERIENCE Finance Consultant
AdsBrook
01.2023 - 04.2023
Business Partner
GB Foods
01.2022 - 12.2022
Finance Manager
EQUATORIAL COCA-COLA BOTTLING COMPANY
02.2019 - 07.2021
Reporting and Controlling Manager
THE COCA-COLA BOTTLING COMPANY OF GHANA LIMITED, EQUATORIAL COCA-COLA
06.2018 - 02.2019
Business Controller
Nestle Nutrition
08.2014 - 01.2017
Business Controller
Nestlé Professional
08.2012 - 08.2014
Managing Partner
Nultan
09.2010 - 04.2017
Audit Team Leader & SAP Implementation Lead
Nestlé Central
01.2008 - 07.2012
CIMA) Strategic Level (Level 3) Candidate -
Chartered Institute of Management Accounting
M.D. - Medical Studies
University of Ghana Medical School
Bachelor of Science (B.Sc - Zoology & Biochemistry
University of Ghana
Certification
The Role of Global Capital Markets
Coursera Course Certificates 2016
The Role of Global Capital Markets - Coursera
University of Melbourne 2016
Language & Tools of Financial Analysis - Coursera
University of Melbourne 2016
Lead Facilitator, Value Creation / Finance for Non-Finance Managers
ProfitAbility UK 2014
COURSEWORK
Nestlé Business Co-pilot Training
UnderCovering fraud in Core Business Functions
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