TSATSU MAWUKO TCHORLY
P. O. Box KA 9378, Accra
Summary
Seasoned professional in executive management with a proven track record in enhancing productivity and executing tasks efficiently. Demonstrates expertise in strategic planning, financial oversight, and building high-performing teams. Notable achievements include driving cost reduction initiatives and improving internal controls, resulting in increased operational efficiency. Core competencies encompass financial analysis, risk management, and stakeholder relationship management, supporting the development of financial strategies to optimize profitability.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Chief Finance Officer
WOODFIELDS UPSTREAM LTD
Accra
01.2020 - Current
- Head of the Finance team and member of the Executive Management Team, with overall responsibility for the organization's accounting, budgeting, and supporting operations, as well as handling all contractual matters.
- Managed budgets for the company; prepared, analyzed, and presented quarterly financial reports for the company, its programs, and activities as a joint venture partner of Cape Three Point Block 4 to the Board of Directors.
- Manage accounting control systems and internal audits, ensuring the accurate and timely production of accounting information and audited financial reports.
- Monitor changes in legal, regulatory, and administrative environments and implement changes in procedures needed to maintain compliance while maximizing operational and financial results.
- Built strong relationships with bankers, investors, auditors, lawyers, and other stakeholders.
Financial Controller, Finance & Administration
WOODFIELDS ENERGY RESOURCES LTD
Accra
01.2018 - Current
- The General Manager is responsible for the organization's financial well-being, based on financial and operational data, and advising the CEO and board on strategic decisions.
- Modeled and executed the finance operation for the 11 million barrels of crude processing agreement with the Tema Oil Refinery.
- Served as the focal point between all key stakeholders in this multi-million-dollar transaction.
- Established the relationships between processes for new business ventures, and structured the funding required for the development of such ventures, notably Woodfields Upstream Ltd and Petroleum Hub Ltd.
- Successfully supervised the spinning off of the petroleum terminal operations into a separate entity, while meeting all regulatory requirements for such a transaction.
Business Director, Accounting & Finance
PEG AFRICA LIMITED
Accra
01.2018 - 12.2018
- Engaged to bring process improvement in the weekly and monthly management reports and the analysis of financial and business information
- Trained and coached staffs of the finance department in Ghana and Ivory Coast to bring efficiency in reporting processes to ensure accuracy and timeliness in management reports and also develop effective control schedules
- Simplified the reporting workflow, reporting schedules and analysis of financial reports via optimizing the usage of the Xero accounting system
- Managed tax and credit risk exposures to the company through adherence internal risk management policies
Director, Finance & Operations
THE MARKET PLACE LTD
Accra
01.2014 - 12.2018
- Co-founded and operated a business organisation from conception to profitability within first year of operations in Ghana
- Established a foreign-owned client business and met all statutory requirements for an FMCG company; Healthy Habits Africa (HHA) to operate in Ghana
- Managed the accounting and financial operations of HHA and ensured compliance and timely filing of various statutory returns including VAT and Corporate Income Tax
- Also supervised all the import and customs clearing activities of HHA products into Ghana
- Expanded business operations and opened a subsidiary of HHA business operations in Nigeria within the second year of operating within West Africa market by restructuring the operations team and developing attractive incentive packages for independent distributors
Finance Manager, Working Capital & Invoicing
MAERSK GHANA LIMITED
Tema
01.2012 - 12.2013
- Managed, coached and developed the 13-member working capital and invoicing team through performance management, delegation, mentoring and training
- Executed one-team finance project aimed at streamlining the finance team and off shoring repetitive tasks to Global Service Centre teams in Pune and Manila
- Designed, implemented and reviewed detention and demurrage invoicing within SAP saving Maersk Ghana and the Nigerian Cluster over USD $4M is lost revenue as a result of manual invoicing
Finance Manager, Finance Business Partnering, Procurement & Administration
MAERSK GHANA LIMITED
Tema
01.2011 - 12.2011
- Executed spinning-off of APM Terminals from Maersk Ghana Limited books of account
- Handled all general legal litigations initiated by or against the company through effective follow up with company lawyers and drove for early resolution
- Executed business controlling, monitored commercial and financial performance and risk management, including cost visibility to drive cost reductions and Maersk Ghana Limited profitability enhancement
- Reviewed control environment in line with business control plan published by Group Business Control and ensured that there were no adverse findings after compliance review by internal auditors from headquarters
Finance Manager, Accounting, Reporting, Payables and Tax
MAERSK GHANA LIMITED
Tema
01.2011 - 12.2011
- Closed the financial books, oversaw auditing of financial statements and prepared board files where financial statements were accepted and passed by the Board of Directors of Maersk Ghana Limited
- Ensured no adverse finding from statutory audit, facilitated audit process and managed timely monthly management reporting in SAP and HFM for Maersk Ghana Limited
- Ensured full compliance to the local legal requirement on tax and made sure that no exposure was compromised on tax issues
Finance Manager, Centre Finance Accounting and Reporting
APMM - MAERSK LINE A/S
Copenhagen
01.2010 - 12.2010
- Performed financial reporting to management and captive board, including preparation of budgets, monthly, interim and annual accounts for Maersk Line IT
- Developed methods and systems to facilitate the analysis of complex investment scenarios for IT projects undertaken by Maersk Line IT
- Reengineered accounting, reporting and controlling processes for MLIT, ensured efficiency and optimization and developed new reporting and analysis tools based on SAP / Business Warehouse
- Facilitated SAP implementation of Maersk Line IT accounting and reporting within Centre Finance
Assistant Finance Manager, Maersk Line IT
APMM - MAERSK LINE A/S
Copenhagen
01.2009 - 12.2009
- Deputy to the Finance Manager, and performed all tasks relating to her desk in her absence.
- Developed visibility and transparency of inter-company IT charges within A. Moller-Maersk Group by shaping the information reporting tools to meet business needs.
- Completed timely and accurate monthly reporting and forecasts for senior management on all global IT projects.
- Ensured that correct IT recharges were invoiced to various entities within the APMM Group and provided IT project managers with monthly reports and specific finance and accounting support.
Education
Graduate Certificate - ESG And Sustainable Financial Strategy
University of Oxford Saïd Business School
Park End Street, Oxford, United KingdomMaster of Business Administration -
Webster University
St. Louis, MO, USABSc Admin. - Accounting
University of Ghana Business School
Legon, GhanaHigh School Certificate -
Presbyterian Boys Sec. School
Legon, GhanaSkills
- Corporate finance expertise
- Investment management
- Internal controls management
- Audit management experience
- Financial systems implementation
- Financial analysis expertise
- Business process improvement
- Contract Management
- Change management expertise
- Sustainable Financial Management
- Regulatory compliance
- Risk management proficiency
- Tax planning and strategy
- Financial strategy development
- Financial Reporting
- Stakeholder Management
- Team leadership and development
- Cash flow management
- Cost reduction strategies
- Working capital management
Certification
The Chartered Institute of Management Accountant (CIMA), London, United Kingdom
The Association of International Certified Professional Accountants (AICPA), Durham, North Carolina, U.S.A.
Leadership Training
- Leader of Others Leadership Pipeline Transition Program, Completed modules on objectives setting, delegation and follow up, coaching and development of direct reports, performance assessment, team selection and team optimization.
- A.P. Moller-Maersk International Shipping Finance Management Talent Program, Selected into the talent and management trainee program based on aptitude, finance proficiency and performance. Completed modules within management and financial accounting, cross culture, business development, market economics, project management, international law and process excellence.
Languages
English
First Language
French
Elementary (A2)
A2
Timeline
Chief Finance Officer
WOODFIELDS UPSTREAM LTD
01.2020 - Current
Financial Controller, Finance & Administration
WOODFIELDS ENERGY RESOURCES LTD
01.2018 - Current
Business Director, Accounting & Finance
PEG AFRICA LIMITED
01.2018 - 12.2018
Director, Finance & Operations
THE MARKET PLACE LTD
01.2014 - 12.2018
Finance Manager, Working Capital & Invoicing
MAERSK GHANA LIMITED
01.2012 - 12.2013
Finance Manager, Finance Business Partnering, Procurement & Administration
MAERSK GHANA LIMITED
01.2011 - 12.2011
Finance Manager, Accounting, Reporting, Payables and Tax
MAERSK GHANA LIMITED
01.2011 - 12.2011
Finance Manager, Centre Finance Accounting and Reporting
APMM - MAERSK LINE A/S
01.2010 - 12.2010
Assistant Finance Manager, Maersk Line IT
APMM - MAERSK LINE A/S
01.2009 - 12.2009
Graduate Certificate - ESG And Sustainable Financial Strategy
University of Oxford Saïd Business School
Master of Business Administration -
Webster University
BSc Admin. - Accounting
University of Ghana Business School
High School Certificate -
Presbyterian Boys Sec. School
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