Chomete Abdalah Hussein
Dar Es Salaam
Summary
Am an Associate Certified Public Accountant (ACPA), hold a Bachelor of Commerce degree in accounting with 14 years cumulative experience in Finance, Internal and External audit in financial sector and other various industries. Currently am working as Head of Finance and Administration for Mwanga Hakika Bank, before I was working as Finance Director for NETIS Tanzania where I joined from the United Bank for Africa Tanzania Limited (UBAT) as Country Chief Finance Officer (CFO), previous I worked as Finance Manager with First National Bank Tanzania where I joined as Senior Internal Auditor. I started my career as auditor trainee at PWC Botswana and later joined EY Tanzania as Associate Auditor. My most notable achievement is to transform a loss-making banking (UBA Tanzania) to a profitable entity through effective performance management and costs control.
Overview
16
16
years of professional experience
Work History
Head of Finance and Administration
Mwanga Hakika Bank (T) Limited
Dar Es Salaam
2023.01 - Current
- I have established performance management systems which is driving business growth and sustainability to achieve five years strategic plan.
- I have assisted the Bank to achieve good business results through balance sheet efficiency.
- I was key person on assisting the Bank to change Core Banking system in a year 2023.
- Created and updated financial reports on frequent basis to present information to leadership teams and Board of Directors.
- Maintained strong relationships with external auditors and regulators.
- Communicated with stockholders or other investors to provide information or raise capital.
- Implemented cost-saving measures through process improvements and negotiations.
- Provided guidance on tax planning and compliance matters and Bank of Tanzania Regulations.
- Developed and implemented financial strategies to achieve company goals.
Finance Director
NETIS Tanzania
Da Es Salaam
2022.07 - 2024.12
- I was able to establish key internal financial controls.
- I improve working capital management through alternative financing and negotiation with the vendors.
- I reviewed customers performance in comparison to market opportunities to unlock various opportunities and drive growth, I was able to come with the better costs models for various projects mainly Tower construction projects.
- I was able to drive performance efficiency and costs optimization while focusing to improve key KIP’s ( Margin, EBTDA, DSO,DIO and company working capital)
Country Chief Finance Officer
United Bank for Africa Tanzania Limited
Dar Es Salaam
2017.08 - 2022.06
- I provided the oversight of the finance function of the Bank and continuous business support on strategic initiatives to grow income while optimizing costs for increased profitability through financial data analytics and stakeholder’s engagement. This led to a transformation of a loss-making Bank for 9 consecutive years to a profitable entity in less than 2 years of my working with the UBA Tanzania.
- I have developed short and long term strategic financial objectives includes financial planning, budgeting and reporting which transformed the bank from a loss-making position.
- I involved on preparation of financial reports and other Management accounts reports based on regulatory and statutory requirements with good records of maximum compliance with BOT requirements. which includes reports for Group consolidation.
- Ensure proper Taxation management and full compliance with the Bank of Tanzania regulations with zero tax breach.
Finance Manager
First National Bank Tanzania Limited
Dar Es Salaam
2015.02 - 2017.07
- Preparation of Monthly and periodic Management reports.
- To provide analysis of the business monthly capital requirement.
- To ensure comply with the FirstRand Bank group reporting include consolidation reports.
- To Provide insights to management regarding revenue optimization and cost reduction.
- To provide insight regarding Budgeting and forecasts and advice on the intervention measures to reach targets.
- To ensure effective internal financial controls exist within function.
Senior Internal Auditor
First National Bank Tanzania Limited
Dar Es Salaam
2012.09 - 2015.01
- To audit and to provide leadership for the team on risk- based assurance and consulting engagement of the bank.
- Develop annual Audit plan, budget and report presentation for the Board.
- Coordinate communication with external auditor, regulator and consultants for assurance projects in the bank.
- Coordinated and established a well combined assurance model for three lines of defense for efficiency on providing assurance.
- Provide secretariat for Management Combined Assurance Committee.
Associate Auditor
EY Tanzania
Dar Es Salaam
2010.07 - 2012.08
- I was part of the audit team which was performing statutory financial statements audit services for various clients in different assignment derived from different economic sectors mainly Financial, Manufacturing, Mining, Government institutions.
- I was involved on planning audit engagement and strategy; Managing Clients Expectation by ensuring that all deliverable is done in time and at the quality expected.
- I worked on issuance of various report Includes annual financial statements, Management letters, key features memorandum and supervision task of the audit team.
Associate Auditor
PWC Botswana
Gaborone
2009.04 - 2010.04
- I was part of the team which was performing statutory financial statements audit services for various clients in different assignment derived from different economic sectors mainly Financial, Manufacturing, Mining, Government institutions.
- I worked on various reports includes annual financial statements, Management letters, key features memorandum
- I was supervising and reviewing of work performed by other members of the audit team mainly interns and new joiner
Education
Certified Public Accountant CPA (T) -
National Board of Accountants And Auditors
Dar Es Salaam Tanzania2013-11
Bachelor of Commerce (Accounting) - Accounting And Finance
University of Dar Es Salaam
Dar Es Salaam, Tanzania2008-12
High School Diploma -
Kibasila High School Dar Es Salaam
Dar Es Salaam Tanzania2004-05
Skills
- Cost-reduction strategies
- Financial statement preparation
- Cash Flow Management
- Business process improvement
- Stakeholder relationship management
- Cross-functional team leadership
- Negotiation skills.
- Investment Management
Languages
Swahili
First Language
English
Proficient (C2)
C2
References
References available upon request.
Timeline
Head of Finance and Administration
Mwanga Hakika Bank (T) Limited
2023.01 - Current
Finance Director
NETIS Tanzania
2022.07 - 2024.12
Country Chief Finance Officer
United Bank for Africa Tanzania Limited
2017.08 - 2022.06
Finance Manager
First National Bank Tanzania Limited
2015.02 - 2017.07
Senior Internal Auditor
First National Bank Tanzania Limited
2012.09 - 2015.01
Associate Auditor
EY Tanzania
2010.07 - 2012.08
Associate Auditor
PWC Botswana
2009.04 - 2010.04
Certified Public Accountant CPA (T) -
National Board of Accountants And Auditors
Bachelor of Commerce (Accounting) - Accounting And Finance
University of Dar Es Salaam
High School Diploma -
Kibasila High School Dar Es Salaam
Similar Profiles
Briannah McCarthy-FowlerBriannah McCarthy-Fowler
Terry-white at TTerry-white at T
Hasan OlimovHasan Olimov
T&M Auto Glass & Electronics at TT&M Auto Glass & Electronics at T
Naima AbubakarNaima Abubakar
Accounts Assistant at Hakika Transport Services LtdAccounts Assistant at Hakika Transport Services Ltd