Priscilla Amaki ADUSU

• Supervision of the finance officers in the finance department
• Prepare monthly/quarterly/yearly financial statement (including variance analysis) with top quality commentary, giving insight to financial and business trend
• In charge of monitoring budget and ensuring optimisation of both capital and operating expenses in line with the procurement policy and approved budget
• Ensure the integrity of financial information from both Core Banking Software and Financial Management Software
• Build schedules for reconciliation of relevant GL lines on a regular basis
• Responsible for daily/weekly/monthly/quarterly/semi-annual/yearly reports to regulators and any other stakeholders
• Ensure bank reconciliation and all other reconciliations are prepared regularly and timely
• Assist in financial projections/budgets / treasury planning
• Ensure payment of vendors/creditors are done on a timely basis
• Assist in computation of performance bonus using key inputs for payroll processing
• Prepare payroll and ensure timely run and in compliance with the tax and pension laws of Ghana
• Ensure that all statutory obligations of the company (including PAYE, and SSNIT contributions) are promptly settled
• Maintain good relationship with bankers, external auditors and other stakeholders

Achievements

• Created Model in Excel to partially automate BoG Monthly Prudential report
• Created Reconciliation tool in Excel for two major settlement accounts

• Preparing Monthly Financial Reports and Financial Performance information
• Preparing and controlling the Annual Budget and Forecasting process
• Cash flow Management to ensure cash is available for the organization’s operations
• Ensuring compliance with all Statutory Payments and Reporting
• Managing and coaching the Finance team
• Preparing Annual Financial Statements and liaising with auditors for preparation of Audited Financial Statements
• Working with the Managing Director and Chairman on Strategic Partnerships and New Business Initiatives

Achievements

• Led a team to resolve reconciliation issues with one major media partner
• Reviewed salary structure to comply with statutory requirements
• Lead a team to review and update the company’s procedures and processes to reflect current operations

• Financial Strategy: Developing and executing the company’s financial strategy, including forecasting, budgeting and cash flow management
• Financial Planning and Analysis: Overseeing financial planning and analysis processes to ensure that the company has accurate financial information, data driven insights and decision- making support
• Financial Reporting and Compliance: Ensuring accurate and timely financial reporting, including preparing financial statements and filings for regulatory compliance
• Fundraising and Investor Relations: Leading fundraising efforts and managing investor relations to secure financing and maintaining strong relationships with key investors
• Risk Management: Identifying and mitigating financial risks, including credit, market and operational risks
• Develop and implement risk management policies and procedures to minimize the company’s exposure to financial risks
• Team Management: Building and leading a high- performing finance team that supports the company’s goals and values
• Establish clear performance expectations, provide feedback and mentorship and foster a culture of learning and improvement
• Revived the team spirit and bonding among team members

Achievements

• Revised existing Monthly Management Reports to make them relevant for Management to make informed decisions
• Mended relationship with old auditors and successfully recruited a new auditor for the company

• Preparing Management Reports and Financial Performance information
• Preparing and controlling the Annual Budget and Forecasting process
• Ensuring cash flow is appropriate for the organization’s operations
• Ensuring compliance with all Statutory Payments and Reporting
• Managing the Finance and Administration teams
• Manage Vendor and Investor relationships
• Assisting the Chief Executive Officer in developing and implementing the Company’s strategy
• Preparing Annual Financial Statements and liaising with auditors for preparation of Audited Financial Statements
• Developing and implementing Finance policies and procedures
• Perform all HR related responsibilities

Achievements

• Set up the Finance Department by putting in place processes, standard operating procedures, systems etc and recruiting Finance staff
• Resolved all outstanding legacy issues with GRA and SSNIT
• Worked on the First Comprehensive Audited Financial Accounts for the company (2021) using limited information, records and bank statements
• Set up the HR and Admin
• Department by putting in processes, procedures, documentations, requirements etc
• For the department
• Played a vital role in the first audit that led to the company obtaining ISO27001 and PCI-DSS certifications

• Supporting the Country Manager in developing and implementing the Company’s strategy
• Developing and implementing Finance policies and procedures
• Preparing Management Reports and Financial Performance information
• Preparing and controlling the Annual Budget and Forecasting process
• Preparing Bank of Ghana (BoG) monthly Prudential Return Reports and managing all correspondence with BoG including onsite visits
• Board Presentations and managing correspondence with Board members, Company secretary and solicitors
• Preparing Annual Financial Statements and liaising with auditors for preparation of Audited Financial Statements
• Coordinating Investor Relations and preparing investor reports
• Managing the processing and recording of all financial transactions
• Leading and managing the Finance team
• Preparing Payroll and filing all statutory returns
• Maintaining Fixed Asset Register
• Cash Flow Management

Achievements

• Played the lead role in resolving all outstanding legacy issues with BoG
• Streamlined the operations of the Finance Department by reviewing processes and procedures, updating them to be more relevant to the current operations
• Built the first Reconciliation tool in Excel, developed Cash Flow Management and Liquidity Management tools in Excel and developed Insightful Monthly Management Reports for decision making
• Resolved long outstanding reconciliation issues with one of our major Tech Aggregators
• Successfully built a comprehensive data base for the Finance Department, Board and BoG related issues

• Extracting and preparing Bank Wide Reports: Loans and Deposits
• Preparing monthly Management Reports
• Preparing monthly Accounts (Business Units and Bank Wide)
• Preparing Annual Budgets
• Managing Budgets (budgetary control and reviews)
• Preparing quarterly and annual Board Packs and Presentations for Board Meetings
• Involved in the formulation of strategies, long-term business plans and due diligence conducted on the Bank
• Preparing payroll and posting monthly staff salary journal vouchers (JVs) for branches and departments
• Filing of statutory returns
• Analysing and posting daily transactions into the appropriate ledgers
• Liaising with auditors for the preparation of Annual Financial Statements
• Analysing and preparing of information requests from Bank of Ghana, investors, auditors etc
• Member of General Ledger (GL) and Data Integration Team that ensured the mapping of Ex-UT GL to GCB Bank GL for smooth integration
• Involved in the audit and review of Ex-UT Bank Financials for consolidation with GCB Bank
• Part of the integration team (Product and General Ledger) for the takeover of UT Bank by GCB Bank
• Involved in the assessment of the assets and liabilities owned by GCB Bank to the Receiver (PWC) and vise versa

Achievements

• Revised existing monthly Management reports and Board reports to make them relevant for Management to make informed decisions
• Played a vital role in working with GCB Bank Team during the takeover of UT Bank

• Analysing and preparing monthly Performance Report of the department
• Analysing and preparing monthly Performance Report (Portfolio Review) of Relationship Managers
• Preparing Departmental Reports for other departments and committees (Internal Audit, Risk Department, Treasury Department, Critical Assets Committee and Doubtful Debt Recovery Committee) of the Bank.
• Preparation of all Management Reports. (EXCO, ALCO, Board, Monthly Performance Review etc.)
• Preparing Budgets for the department
• Producing and distributing internal documents for the team (minutes, weekly pipelines, reports etc.)
• Assisting Head of Department in carrying out his duties (Preparation of Proposals, Implementation of the department’s strategy, other reports and presentations that are required)

Achievement

• Developed the Reporting and Analysis Framework for the various Corporate Banking Desks as this was a new role

• Preparing credit approval memos, which include reviewing client information, financial analysis, risk analysis, industry analysis, financial spreads, industry research and projections
• Preparing all Management Reports and memos relating to credit approvals, excesses, extensions, enhancement, etc. to ensure all controls are complied with at all times.
• Ensuring that portfolio is reviewed annually.
• Liaising with client to ensure submission of audited financial statements, management accounts, ageing debtors and all other information and documents required
• Providing support to Relationship Manager in meeting sales targets

Achievement

• Worked closely with Manager to successfully sign on and maintain the following clients, Top Industries Limited, McDan Shipping Company Limited, Magvlyn Industries Limited, African Champion Industries and Ghana China Foods Company Limited.

• Preparing Business Plans, Due Diligence, Feasibility Study and Valuations for companies
• This involved:
• Financial Modelling
• Investment Appraisal
• Reviewing and Analysis of Data
• Financial Statement Analysis
• Industry Information Research
• Market Survey
• Process Analysis
• Interviewing stakeholders

Achievement

• As part of the pioneers of the department, I was involved in the establishment of processes and structures that underpinned the department’s function and was vital in producing some of the initial reports of the department