Richmond Sam

• Non-Executive Board Member, Advans Savings & Loans Co Ltd, Accra, Greater Accra Region, Ghana, 09/01/19, Present,

A Bank of Ghana regulated Savings and loans financial institution with over 15 branches, offering lending services to micro and small business enterprises in Ghana., Appointed by Societe Generale Ghana to represent the Bank on the Board of Directors of Advans Savings & Loans Ltd., Member of the Risk & Human Resource Sub-CommitteeS of the Board.

• Board Member, Treasurer & Financial Director, Kutunse Community Presby Co-operative Credit Union, Accra, Greater Accra Region, Ghana, 09/01/21, Present

• Deputy Chief Financial Officer, Societe Generale Ghana PLC - Finance Department, Accra, Greater Accra Region, Ghana, 02/01/10, Present, Provide support to the Chief Financial Officer in all matters relating to the operations of the Finance Department., Participate in strategic planning and decision-making processes for effective mobilization and utilization of financial resources for optimal return on investment., Provide strategic financial management and leadership support across the business, in line with the overall bank wide strategy., Support in the development and implementation of financial and tax strategies, policies, and processes., Work closely with Treasury, CFO and Asset and Liability Management Committee (ALCO) to optimize liquidity and risk management strategies, including structural risk management., Initiate and co-ordinate the formulation of business plans, annual budgets, and business forecasts and monitors progress towards their achievement., Engage Executive management and the appropriate Board Committees to develop short, medium, and long-term financial plans and projections., Lead the implementation of short, medium, and long-term cost optimization strategies to keep bank-wide operating expenses within set targets., Oversee the accurate preparation and timely publication of financial statements in compliance with IFRS, BoG regulatory requirements and SEC regulations., Supervise the timely preparation and submission of all Group, statutory and regulatory reports, including Capital Adequacy reports and other key compliance documents., Supervise the preparation of the Board financial & Strategic documentation for presentation at the quarterly Board of Directors meetings., Act as the lead technical expert on IFRS and banking regulations, providing guidance on financial reporting matters., Conduct financial analysis, monitor financial performance, and provide insights to improve profitability, efficiency and to support decision-making., Drive capital management initiatives to achieve optimal capital structure, while ensuring adherence to regulatory Capital Requirements set by Bank of Ghana., Supervise day-to-day financial operations of the Finance department, ensuring compliance with internal policies and regulatory requirements., Oversee the development and implementation of sound financial reporting system, accounting and tax controls, procedures, and framework to ensure the integrity of financial data to mitigate financial risks., Support business units by providing financial insights, analytics, and reporting to drive informed decision-making., Support the CFO in managing and providing leadership to the entire Finance team of nineteen (19) senior staff to achieve the Department's objectives., Directly manage 9 Finance professionals across 3 out of the 4 Units within the Finance Department, including the Financial Reporting & Performance Measurement team, the Group Reporting & Budget team and the Regulatory Reporting team., Provide coaching, mentoring, and training to the finance team members to enhance their capabilities, technical and leadership skills., Attend Board Meetings with the CFO and present some aspect of the financial reports to the Board., Represent the CFO at Executive Committee (EXCO) meetings in the CFO's absence, ensuring that the finance function's strategic interest is well represented., Promote collaboration and effective communication within the finance department., Engage with external auditors, regulators and analysts on financial reporting and compliance matters., Develop and manage key relationships with relevant external bodies/contacts e.g., Bank of Ghana, Securities & Exchange Commission, Ghana Revenue Authority, Parent Company, among others to facilitate effective operations., Build and maintain strong relationships with key stakeholders.
• Head, Budget & Group Financial Reporting, Societe Generale Ghana PLC - Finance Department, Accra, Greater Accra Region, Ghana, 08/01/19, 12/31/24, Supervised a team of four senior staff members, providing technical, professional, and managerial guidance and feedback on their performance., Responsible for preparing, coordinating, and presenting the bank's annual budget and financial forecasts to management and the Group, ensuring that financial planning and control procedures align with company strategy and long-term plans., Drafted and coordinated the bank's strategic documentation and direction as part of the annual budget process., Monitored and reviewed actual financial results and costs against budgeted figures for all business lines and cost centers to ensure control., Led the implementation of short-, medium-, and long-term cost optimization strategies to keep bank-wide operating expenses within set targets., Analyzed financial and management control reports and presented financial performance to management and the Group monthly to enhance decision-making and resource allocation., Supervised and reviewed the preparation of the bank's board documentation for quarterly Board of Directors meetings., Managed and supervised the Group Reporting team in preparing and publishing the bank's monthly group accounting and financial statements in accordance with IFRS standards and Group accounting policies.
• Deputy Head- Budget & Group Financial Reporting, Societe Generale Ghana PLC - Finance Department, Accra, Greater Accra Region, Ghana, 02/01/11, 06/30/15, Supported the preparation, co-ordination and presentation of the bank's Annual budget and financial forecasts to management and the Group., Supported the tracking and analysis of actual financial results and expenditures vs Budgeted figures across all business lines and cost centers for control purposes., Prepared and analyzed group financial and management control reports and participated in the monthly Business Call presentation to the Group., Prepared the Bank's Board Documentations for the Quarterly Board of Directors Meetings., Participated in gathering economic, banking industry and business data for the bank., Managed and supervised the team in the preparation and publication of the Bank's Group Accounting and financial statements monthly to the Parent company for consolidation purposes., Provided technical and managerial support in the preparation of monthly management accounts, quarterly and annual published financial statements., Actively participated and ensured successful implementation of Group and Local projects assigned to my unit such as the IFRS 9 project., Managed and supervised the ALM team in the preparation, monitoring, reporting and presentation on all ALM risks (Interest rate risk, Foreign Exchange risk and Liquidity) of the bank for management decision making, Group reporting purposes and regulatory requirements., Served as the Treasury Business Finance Partner assisting with all accounting and financial requests made to the Department., Actively participated in the implementation of BASEL II/III in the bank based on the guidelines provided by Central Bank., Prepared all financial covenants and due diligence reports to the bank's borrowers (International Financial Institutions (IFIs) and ensured that all breaches were duly highlighted for redress.
• Group & Local Financial Reporting Officer, Societe Generale Ghana PLC - Finance Department, Accra, Greater Accra Region, Ghana, 02/01/10, 01/31/11, Prepared the quarterly and annual financial statements for publication and submission to Securities and Exchange Commission (SEC)., Prepared the bank's monthly management accounts -Profit and loss and balance sheet statements and all the schedules and accounting postings needed to complete them., Calculated and posted the monthly corporate tax of the bank., Prepared, analyzed, and published the Bank's group account monthly to the Parent company for consolidation purposes and to aid in decision making., Prepared and reconciled all Intercompany transactions and ensured that any unreconciled differences were properly investigated and followed up.
• Audit Trainee (Associate II), KPMG Ghana, Accra, Greater Accra Region, Ghana, 10/01/08, 02/01/10, Tested the operating effectiveness of client's internal controls and identified potential risks and lapses., Drafted management letters to clients, highlighting key audit findings and providing recommendations to strengthen internal control mechanisms based on identified risks., Conducted substantive audits on sections of the profit and loss account and balance sheet, recommending necessary adjustments to the entity's financial statements., Developed the ability to lead audit teams when carrying out fieldwork., Built and maintained cordial working relationship with clients for mutual benefit.
• National Service Person, Kibi Senior High Technical School, Kibi, Eastern Region, Ghana, 10/01/07, 07/31/08, Taught Financial Accounting and Business Management Studies., Organized end of term exams and reported on student's academic performance., Pioneered in the establishment of Kibi Senior High Sec. Technical Business Association.

• Spending quality time with family
• Playing table tennis
• Listening to music

• Update on IFRS standards, 2024
• Manager Leader Training, 2023
• Achieving Success Through People, 2021
• Effective leadership training, 2020
• Liquidity management of banks training, 2019
• Update of IFRS 9, IFRS 15 Training, 2017
• Update of Tax laws, 2016