Summary
Overview
Work History
Education
Skills
Accomplishments
Affiliations
Certification
Training of Bank staff and other institutions
Additional Information
Languages
Timeline
Generic

Ransford Nyarko

Accounting/ Auditing
Accra,AA

Summary

Proven track record in enhancing financial integrity and operational efficiency at Ghana National Chamber of Commerce and Industry-World Trade Centre-Ghana. Expert in audit management and policy compliance, coupled with exceptional team collaboration skills. Achieved significant improvements in internal controls and risk mitigation strategies, demonstrating a keen eye for detail and a commitment to ethical standards.

Overview

1
1
Certification

Work History

Internal Auditor

Ghana National Chamber of Commerce and Industry-World Trade Centre- Ghana
  • Assisted in the preparation of audit reports that clearly communicated findings and recommendations to key stakeholders.
  • Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
  • Identified and reported audit issues.
  • Produced audit reports.
  • Contributed to a positive work environment by collaborating effectively with colleagues across all levels of the organization.
  • Investigated discrepancies discovered during auditing process.
  • Supported management in developing action plans to address identified issues, promoting timely resolution of audit findings.
  • Prepared and distributed risk and audit reports to appropriate personnel.
  • Enhanced internal control systems by conducting thorough risk assessments and implementing effective audit recommendations.
  • Explained risk and compliance concepts to managers and executives.
  • Improved operational efficiency by identifying and addressing financial discrepancies through meticulous examination of financial records.
  • Reviewed and identified risks, analyzed controls and tested compliance.
  • Conducted training sessions for staff members on best practices in internal auditing, fostering a culture of continuous improvement.
  • Prepared audit programs and documentation in alignment with Generally Accepted Auditing Standards (GAAS).
  • Evaluated compliance with regulatory requirements, mitigating potential risks and protecting organizational reputation.
  • Collaborated with cross-functional teams to design and execute comprehensive audit plans, ensuring alignment with company objectives.
  • Assisted in the development of company policies and procedures, promoting a strong internal control environment.
  • Developed strong working relationships with external auditors, facilitating efficient communication during annual audits.
  • Evaluated company's policies to determine how well standards adhered to best practices.
  • Reviewed financial statements for adherence to International Financial Reporting Standards (IFRS) and corporate regulations.
  • Promoted best practices in data management and privacy by auditing information systems for security vulnerabilities.
  • Prepared working papers, reports and supporting documentation for audit findings.
  • Collected and reported monthly expense variances and explanations.
  • Trained new employees on accounting principles and company procedures.
  • Tracked funds, prepared deposits and reconciled accounts.
  • Used accounting software to issue tax returns and prepare consolidated reports.
  • Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
  • Collaborated with accounting manager to comply with governing bodies and limit regulatory risks.
  • Developed financial models to assess and analyze financial performance of clients.

Consultant-Audit & Inspection

ARB Apex Bank
  • Evaluated client needs and expectations, establishing clear goals for each consulting engagement.
  • Liaised with customers, management, and sales team to better understand customer needs and recommend appropriate solutions.
  • Collaborated with cross-functional teams to successfully deliver comprehensive solutions for clients.
  • Managed client relationships through regular check-ins and updates on project progress.

Finance Manager

Agape Gospel Mission International
  • Reviewed documentation and identified financial discrepancies where applicable.
  • Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
  • Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
  • Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
  • Mentored junior finance staff, fostering professional development and strong team dynamics.
  • Processed invoices and contacted appropriate parties for timely payment receipt.
  • Trained new and existing staff members in various financial procedures to prepare for job requirements.
  • Optimized cash flow with diligent monitoring of accounts receivable and payable.
  • Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
  • Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
  • Developed comprehensive financial reports for executive decision-making support.
  • Increased financial efficiency by streamlining and automating financial reporting processes.
  • Strengthened internal controls through regular audits and adherence to regulatory requirements.
  • Enhanced budget management by implementing expense tracking and cost reduction strategies.
  • Improved financial forecasting accuracy, utilizing advanced analytical models.
  • Created organizational structures to improve accounting and finance functions.
  • Executed vendor setup and payment, administration of bank accounts and account reconciliations.
  • Implemented risk management strategies to protect company assets and minimize losses.
  • Managed multimillion-dollar budgets, ensuring accurate allocation across departments.
  • Streamlined internal audit process, enhancing efficiency and reducing discrepancies.
  • Managed cross-functional teams to streamline project financing, reducing time to market for key products.
  • Established robust financial controls and policies, significantly reducing risk of fraud and ensuring compliance with financial regulations.
  • Conducted comprehensive risk assessments to safeguard assets and ensure regulatory compliance.
  • Collaborated with IT to develop secure, efficient electronic invoicing system, reducing processing times and errors.
  • Delivered comprehensive financial training programs for non-finance managers, enhancing cross-functional understanding and collaboration.
  • Optimized cash flow management, allowing for timely investment and debt reduction.
  • Improved stakeholder confidence with detailed financial analysis and transparent communication.
  • Negotiated with suppliers to improve payment terms, enhancing cash flow management.
  • Spearheaded annual budgeting process, ensuring alignment with strategic goals and facilitating smoother departmental operations.
  • Analyzed market trends to advise on potential investment opportunities, aligning with long-term strategic goals.
  • Coordinated with external auditors to ensure smooth and compliant audit process each fiscal year.
  • Implemented cost-control measures that substantially decreased unnecessary expenditures.
  • Developed strategic plans for day-to-day financial operations.
  • Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
  • Prepared internal and regulatory financial reports, balance sheets and income statements.
  • Complied with established internal controls and policies.
  • Analyzed business processes to identify cost savings and operational efficiencies.
  • Evaluated and negotiated contracts to procure favorable financial terms.
  • Supported financial director with special projects and additional job duties.
  • Performed banking, business administration and financial tasks to guarantee five-star service for clients.
  • Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
  • Improved overall financial reporting by streamlining control processes and reporting structures.
  • Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.

Financial Controller

S.K Owusu Timbers & Sawmills Ltd.
  • Assisted in the preparation of audit reports that clearly communicated findings and recommendations to key stakeholders.
  • Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
  • Identified and reported audit issues.
  • Produced audit reports.
  • Contributed to a positive work environment by collaborating effectively with colleagues across all levels of the organization.
  • Investigated discrepancies discovered during auditing process.
  • Supported management in developing action plans to address identified issues, promoting timely resolution of audit findings.
  • Prepared and distributed risk and audit reports to appropriate personnel.
  • Enhanced internal control systems by conducting thorough risk assessments and implementing effective audit recommendations.
  • Explained risk and compliance concepts to managers and executives.
  • Improved operational efficiency by identifying and addressing financial discrepancies through meticulous examination of financial records.
  • Reviewed and identified risks, analyzed controls and tested compliance.
  • Conducted training sessions for staff members on best practices in internal auditing, fostering a culture of continuous improvement.
  • Prepared audit programs and documentation in alignment with Generally Accepted Auditing Standards (GAAS).
  • Evaluated compliance with regulatory requirements, mitigating potential risks and protecting organizational reputation.
  • Collaborated with cross-functional teams to design and execute comprehensive audit plans, ensuring alignment with company objectives.
  • Assisted in the development of company policies and procedures, promoting a strong internal control environment.
  • Developed strong working relationships with external auditors, facilitating efficient communication during annual audits.
  • Evaluated company's policies to determine how well standards adhered to best practices.
  • Reviewed financial statements for adherence to International Financial Reporting Standards (IFRS) and corporate regulations.
  • Promoted best practices in data management and privacy by auditing information systems for security vulnerabilities.
  • Prepared working papers, reports and supporting documentation for audit findings.
  • Collected and reported monthly expense variances and explanations.
  • Trained new employees on accounting principles and company procedures.
  • Tracked funds, prepared deposits and reconciled accounts.
  • Used accounting software to issue tax returns and prepare consolidated reports.
  • Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
  • Collaborated with accounting manager to comply with governing bodies and limit regulatory risks.
  • Developed financial models to assess and analyze financial performance of clients.

Education

Masters In Science (MSc) - Accounting And Finance

University of Ghana Business School
Ghana, West Africa
11.2018

Bachelor Of Accounting - Accounting And Business Management

Ghana Institution of Management And Public Aminis
Accra
11.2008

Skills

  • Policy compliance
  • Oral and written communications
  • Fraud investigations
  • Daily Audits
  • Audit Planning
  • Internal Controls
  • Daily Reporting
  • Accounting Principles
  • General Ledger Entries
  • Report Generation
  • Data Analytics
  • Experienced with Technology
  • Regulations and compliance
  • Auditing assignments
  • Ethical standards
  • Forensic accounting
  • Attention to Detail
  • Inventory Assessment
  • Audit management
  • Budget Analysis
  • Decision-Making
  • Risk mitigation strategies
  • Bank Reconciliation
  • Account Reconciliation
  • Team Building and Leadership
  • Team Collaboration
  • Financial Reporting
  • Risk Management
  • Accounting Processes
  • Financial Projections
  • Workload Management
  • Documentation and Reports
  • Fixed Assets Management
  • Compliance Reporting
  • Forecasting
  • Employee Training
  • Budget Preparation
  • Business Operations Analysis
  • Payroll Management
  • Cost savings options
  • Results Orientation
  • Financial Data Analysis
  • Asset Utilization
  • Bookkeeping and Reconciliation
  • Payroll Auditing
  • Investigation Management
  • Records Review
  • Accredited Business Accountant/Advisor
  • Accounting Terminology
  • Financial Management
  • Balance sheets

Accomplishments

  • Was able to visit fifteen(15) banks with an average of ten (10) branches in a quarter.
  • Established Internal Audit Department and brought sound financial management into the organisation
  • Help to review board members to bring improvement into the bank
  • Issued professional Audit report to the Central Bank of Ghana, Ministry of Finance and World Bank in Ghana, as a world bank consultant to ARB Apex Bank PLC.

Affiliations

Member, Institute of Internal Auditors Ghana and worldwide.

Certification

Membership Certificate

Training of Bank staff and other institutions

  • Bank staff in my departure to facilitate performance contract and job appraisal
  • Micro finance companies staff in Ghana to improve deposits mobilisation and control
  • Rural Community Banks on Credit administration, cash flow projections, budget preparation cashiering, back office operations etc.

Additional Information

  • Dissertation: Masters:MSc "Corporate Governance Practice and Firm Performance"
  • First Degree: "Challenges in Public Health Salaries"

Languages

English, Twi, Ga
Beginner (A1)
Twi
Beginner (A1)
Ga
Beginner (A1)

Timeline

Internal Auditor

Ghana National Chamber of Commerce and Industry-World Trade Centre- Ghana

Consultant-Audit & Inspection

ARB Apex Bank

Finance Manager

Agape Gospel Mission International

Financial Controller

S.K Owusu Timbers & Sawmills Ltd.

Masters In Science (MSc) - Accounting And Finance

University of Ghana Business School

Bachelor Of Accounting - Accounting And Business Management

Ghana Institution of Management And Public Aminis

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