Michael Tormetsi
Accra
Summary
Dynamic finance professional with a proven track record at Anasset Company Limited, where I led financial strategy and operations, significantly enhancing systems and processes. Expert in analytical problem-solving and effective communication, I excel in driving efficiency and profitability. Skilled in financial analysis and leadership, my initiatives have consistently fostered organizational growth and financial health.
Overview
14
14
years of professional experience
Work History
Finance Manager
Anasset Company Limited
Accra
05.2019 - Current
- Reviewed and analyzed budget variances to ensure accuracy of financial information.
- Created financial management mechanisms to minimize financial risk to business.
- Evaluated and managed financial risks, implementing strategies to mitigate adverse impacts on the organization.
- Conducted variance analysis to identify discrepancies between actual and budgeted performance.
- Oversaw budget preparation, ensuring alignment with strategic goals and financial health.
- Enhanced financial systems and processes through the implementation of technology solutions.
- Managed financial transactions involving general funds and contracts to reduce cashflow challenges.
- Managed investment portfolios, assessing risk and return to make informed decisions.
- Developed invoicing systems and internal controls to boost billing efficiencies.
- Coordinated cross-functional teams to drive efficiency and effectiveness in financial operations.
- Supervised and mentored finance team members, fostering a culture of continuous improvement.
- Prepared financial documents such as budgets, forecasts and reports.
- Negotiated contracts with vendors in order to obtain competitive pricing structures.
- Prepared and analyzed financial statements to inform executive decision-making.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Coordinated with external auditors to facilitate annual audits and improve financial processes.
- Calculated and prepared checks for utilities, taxes, and other payments.
- Managed payroll processing activities for multiple entities including tax filings.
- Analyzed competitors and market trends to facilitate business growth.
- Advised executive leadership on capital allocation decisions based on market conditions.
- Developed and implemented financial strategies to maximize profits and reduce costs.
- Created monthly performance metrics that tracked key performance indicators.
- Assisted in the development of internal controls to protect company assets.
- Managed and forecasted cash flow to ensure sufficient liquidity for operations and investments.
- Maintained accounts payable and receivable records ensuring timely payments are made.
- Led financial reporting processes, ensuring compliance with accounting standards and regulations.
- Collaborated with external auditors during annual audits to ensure accuracy of financial statements.
- Analyzed actual financial results vs budget to prepare variance reporting to functional groups.
Senior Financial Accountant
L’AINE Services Limited
Accra
01.2018 - 05.2019
- Analyzed trends in revenue recognition practices across different business units.
- Supervised staff accountants in daily activities related to general ledger maintenance, accounts payable and receivable functions, payroll processing.
- Updated and managed accounts payable databases, employing access controls to protect data.
- Ensured timely completion of all tax filings in accordance with applicable laws and regulations.
- Maintained relationships with banks and other financial institutions.
- Conducted financial analysis and research to advise senior management on forecasting decisions.
- Assisted in developing annual budgets, forecasts and long-term plans for the organization's finances.
- Performed detailed reviews of journal entries prior to posting into the general ledger system.
- Posted financial data in Excel spreadsheets and managed inventory.
- Tracked income and expenses for business using accounting software.
- Prepared monthly reconciliations of bank accounts and other balance sheet accounts.
- Maintained accurate accounts for cash, fixed assets and other transactions.
- Prepared various financial reports including cash flow statements, income statements, budget variance analysis.
Account Officer
MED-X Health Insurance Ltd (Ghana)
Accra
05.2012 - 08.2014
- Performed bookkeeping and accounting consulting services.
- Performed daily cash management activities including monitoring cash balances, wire transfers.
- Managed vendor relationships related to accounts payable and receivable functions.
- Assisted in the preparation of monthly, quarterly and annual financial reports.
- Prepared bank deposits by verifying and balancing receipts and sending cash and checks to banks.
- Prepared reconciliations of bank accounts and other general ledger accounts.
- Handled accounts payable and receivable, including invoicing and payment processing.
Account Officer
Forewin Ghana Ltd
Accra
10.2011 - 04.2012
- Performed bookkeeping and accounting consulting services.
- Managed vendor relationships related to accounts payable and receivable functions.
- Reviewed customer accounts for accuracy and completeness.
- Assisted in the preparation of monthly, quarterly and annual financial reports.
- Prepared bank deposits by verifying and balancing receipts and sending cash and checks to banks.
- Prepared reconciliations of bank accounts and other general ledger accounts.
- Managed inventory and supplies to ensure materials were available when needed.
Accounting Assistant
Controller and Accountant General Department (CAGD)-Volta Regional Office
Accra
09.2010 - 08.2011
- Recorded debit, credit and account transactions in computer spreadsheets and databases.
- Handled daily cash transactions and maintained petty cash fund.
- Reconciled expenses and financial records.
- Received and recorded cash, checks and transfers.
- Prepared bank deposits by verifying and balancing receipts and sending cash and checks to banks.
Education
Master of Science - Finance
University of Ghana
Accra, Ghana01-2024
Chartered Accountant - Accounting And Finance
Institute of Chartered Accountant Ghana (ICAG)
Accra, Ghana09-2017
Bachelor of Science - Accounting And Finance
University of Cape Coast
Accra, Ghana09-2014
HND Accounting - Accounting
Ho Technical University
Accra, Ghana06-2010
Skills
- Effective Analytical Problem-Solving
- Effective Communication Skills
- Effective Interpersonal Skills
- Good leadership skills
- Adaptability
- Initiative Taking
Languages
English
First Language
Timeline
Finance Manager
Anasset Company Limited
05.2019 - Current
Senior Financial Accountant
L’AINE Services Limited
01.2018 - 05.2019
Account Officer
MED-X Health Insurance Ltd (Ghana)
05.2012 - 08.2014
Account Officer
Forewin Ghana Ltd
10.2011 - 04.2012
Accounting Assistant
Controller and Accountant General Department (CAGD)-Volta Regional Office
09.2010 - 08.2011
Master of Science - Finance
University of Ghana
Chartered Accountant - Accounting And Finance
Institute of Chartered Accountant Ghana (ICAG)
Bachelor of Science - Accounting And Finance
University of Cape Coast
HND Accounting - Accounting
Ho Technical University
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