Abihudi Marembo
Morogoro
Summary
Experienced finance professional with a proven track record of amplifying and enhancing products and services to deliver effective solutions to both internal and external client and agency partners. Possessing broad industry knowledge, strong communication skills, analytical abilities, and sales expertise, able to drive the growth of products and services. Known for organizational skills and dependability, excels at managing multiple priorities with a positive attitude. Always willing to take on additional responsibilities to meet team goals.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Senior Management Accountant
Mkulazi Holding Company Limited
Morogoro, Tanzania
04.2024 - Current
- Use data analytics to conduct financial analysis, presenting findings to management.
- Create business strategies to boost shareholder value.
- Tracks and analyzes expenditure trends to optimize budgets.
- Control and forecast incomes and expenditures.
- Develop financial models to assess and analyze financial performance.
- Implemented cost-reduction strategies and established financial controls.
- Executed cost reviews and reported results to leadership.
- Developed KPIs to measure departmental performance against agreed objectives.
- Provided guidance and advice on accounting policy matters within the organisation.
- Developed and managed budgets for multiple departments, ensuring accuracy of financial information.
- Assisted with external audit requirements, providing supporting documentation as required.
Business Partner and Sales and Operational Planning Master Planner
Kilombero Sugar Company Limited
Morogoro, Tanzania
12.2021 - 03.2024
- Collaborated effectively with Financial Analysts to complete precise and prompt historical reports.
- Conducted driver-based analysis for budgeting and forecasting exercises.
- Delivered insightful and timely management reports in a consistent format.
- Compiled and distributed monthly management reports.
- Provided comprehensive support to auditing teams.
- Handled audit completion promptly with query resolution and communication to higher levels as required.
- Ensured timely generation of sales and commercial documentation.
- Prepared and distributed supporting documents 24 hours before each meeting.
- Analyzed demand driver factors on a monthly basis during the sales forecasting process.
- Assessment of potential risks and growth opportunities each month.
- Developed quarterly financial scenarios and performed cash-ups.
- Ensured compliance of ledgers and accounts with corporate policy standards and regulations.
- Managed strategic partnership initiatives to drive measurable outcomes and deeper relationships with cross-functional teams.
- Identified opportunities to use technology and automation to enhance communication between teams, and achieve business success.
- Led analyses to execute operational recommendations effectively.
- Implemented diversity initiatives to cultivate an inclusive environment.
- Established controls and reporting systems to optimize governance structure.
Management Accountant
Tanga Cement Plc
06.2021 - 11.2021
- Ensure that general ledger reports are generated as per timetable
- Ensure that all transactions are completely and accurately recorded
- Actively involved in designing, implementing and reviewing of effective Internal Controls (Policies and Procedures)
- Actively involvement in both Internal and external audit (providing required information and resolving issues)
- Preparation of monthly Management Accounts and Board Reports
- Record all transactions accurately as required
- Ensure that all transactions are correct as per Group Accounting policies and procedures as required
- Building of Analytical Financial Models and running different business scenarios
- Ensure correct costing for all products during month end and budgeting period in SAP and BPC
- Monthly Inventory Movement analysis and corrections
- Monthly Inventory Standard costing, analysis and corrections
- Coordinate, prepare and update annual budget and strategic plans and maintenance of budgeting models (including requesting, collecting, verifying and reconciling information from all departments, consolidating and capturing into SAP)
- Working together with depots supervisors and superintendent to make sure that all depots' controls are in place and adhered to
- Ensure complete and accurate maintenance of customer master file in SAP
- Create and maintains for all general ledger accounts for suppliers and customers
- Make sure that all products' prices are correctly and accurately captured and reviewed in SAP
- Management Reporting and budgeting
- Supervised team of accounting technicians, liaising between colleagues and management.
- Assisted company leaders with financial decisions.
- Controlled and forecasted incomes and expenditures.
- Prepared thorough reports, commentaries and financial statements.
- Identified past financial trends, performed risk management and predicted future outcomes and needs.
Group Financial Accountant
Tanga Cement Plc
06.2020 - 05.2021
- Organize work of the financial accounting section to process all transactions of the company
- Preparation, review and revision of management accounting reports for subsidiaries
- Preparation of Board reports (Chairman's statement and Finance Reports)
- Ensure all suppliers statements are received and reconciled on monthly basis to aid payment plans
- Manage calculations of all taxes payable by the company and posting of appropriate provisions
- Ensure that all taxes are paid on or before their due dates, supported by accurate returns as required by the tax authorities
- Ensure VAT accounts and returns are properly prepared
- Ensure that withholding tax is properly accounted for
- Prepare annual financial statements in compliance with IFRS
- Prepare and support both internal and external audits
- Adhering to and assist others to adhere to the company's policies and procedures, best practices and professional standards
Assurance Senior Associate
Ernst & Young Tanzania
09.2015 - 05.2020
- Planning and identifying risks in the client's environment
- Designing, executing test of controls and identifying gaps in the clients' control environment
- Execution of Significant Class of Transactions, substantive audit procedures and performance of General Audit Procedures for all financial statements line items/ sections i.e., cash and bank, revenue, cost of sales, payables, provisions and accruals, receivables and prepayments, investment in loans and properties, inventory, Property Plant and Equipment, related party transactions, deferred income, payroll, expenses, etc
- Assessing clients' compliance status to laws and regulations that affect both directly and indirectly the financial statements
- Identify significant issues, discuss them with clients and suggest on recommendations to be included in the management letters
- Review of financial statements for compliance with International Financial Reporting Standards, IFRS
- Reporting to managers, directors and partners during the performance of complex audit assignments
- Involved in the push to increase the use of data analytics in the audit process
- Audit conclusion tasks and archiving the audit file
- Conducting training to client's and prospect client's stakeholders, gap analysis and impact assessment covering assessment of current classification, impairment methodologies, accounting, reporting and disclosure, computation of indicative impairment and Expected Credit Loss validation
Education
Bachelor of Accounting And Finance - Business Sector
Mzumbe University
Morogoro, Tanzania12.2015
Advanced Level - Secondary Education
Mwenge Secondary School, ACSEE
Singida, Tanzania02.2012
Secondary Education
Nyansincha Secondary School
Musoma, Tanzania10.2009
Skills
- Stakeholder Engagement
- Partner Relationship Management
- Performance Evaluations
- Financial Planning
- Safety Standards
- Strategic Consulting
- Strategic Planning
- Budget Development
- Cost Analysis and Savings
- Sales Strategies
- Budget Control
Languages
Swahili
First Language
English
Upper Intermediate (B2)
B2
Certification
- Member of National Board of Accountants and Auditors (NBAA)-Tanzania – CPA(T) Membership Number: GA8103
References
Hashman Kakiva
Associate Director
Ernst & Young Tanzania .
+255 713 435 123
Salome Mataro
Tax Specialist
Kilombero Sugar Company Limited
+255716391059
Emmanuel Nkonyoka
Financial Controller
Lindi Jumbo Limited
+255 746 284 623
Timeline
Senior Management Accountant
Mkulazi Holding Company Limited
04.2024 - Current
Business Partner and Sales and Operational Planning Master Planner
Kilombero Sugar Company Limited
12.2021 - 03.2024
Management Accountant
Tanga Cement Plc
06.2021 - 11.2021
Group Financial Accountant
Tanga Cement Plc
06.2020 - 05.2021
Assurance Senior Associate
Ernst & Young Tanzania
09.2015 - 05.2020
Bachelor of Accounting And Finance - Business Sector
Mzumbe University
Advanced Level - Secondary Education
Mwenge Secondary School, ACSEE
Secondary Education
Nyansincha Secondary School
- Member of National Board of Accountants and Auditors (NBAA)-Tanzania – CPA(T) Membership Number: GA8103
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