CPA Vincent Mndeme

Key Duties and Responsibilities:

• Responsible for financial reporting and compliance for two legal entities in East Africa. Sun king Tanzania with over $53million revenue annually and Sun King Malawi averaging at $3million annually.
• Monitored budgets and revenue trends, compiling monthly reports for company and Sun King Group leadership to make informed decisions.
• Collaborated with cross-functional teams for strategic business planning, growth initiatives, and overall financial controls
• Reviewed documentations, monthly reports and business performance and identified financial discrepancies where applicable.
• Prepared and managed large capital expenditure budgets to effectively handle investment and long-term operations.
• Handled statutory audits for Tanzania entity and ensured audited financial statements are prepared and signed as per IFRS and NBAA requirements.
• Spearheaded tax audits which resulted to tax savings.
• Supported Sun King group on Malawi entity launch from hiring and setting up finance department and related accounting processes
• Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy
• Trained new and existing staff members in various financial procedures and tax changes on as needed basis.
• Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance
• Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.

Achievements:
• Spearheaded discussions with tax consultants various tax audits that saw an overall saving of $500k in taxes in 2022.

• Implemented a transparent and accountable expense reporting process that saw the company start to save $80k annually – 2021

• Successfully implemented the Tax Invoice Management System (VFD ) within given timelines thereby ensuring tax compliance and saving the company hefty penalties
• Successfully trained and implemented SAP S/4HANA Cloud ERP Accounting Software Solution in Tanzania and Malawi entities in 2022

• Repeatedly receives recognition for developing, managing, and mentoring a vibrant team – which has led to the increased efficiency of all tasks assigned to the department

Key Duties and Responsibilities:
• Ensures financial records are maintained in compliance with laid out policies and procedures
• Regularly reviews and analyses Trial Balance to ensure consistency and accuracy
• Facilitates interim and end year company audits
• Mentors and handles periodic appraisals of team members
• Ensures tax compliance, computation, returns, and review – Local & foreign WHT policies, VAT, PAYE
• Carries out FX monitoring and revaluation
• Manages creditors and debtors
• Maintained Fixed Asset (FA) registers
• Ensured timely month-end closures
• Engaged key stakeholders such as Auditors, Bank Agents, Suppliers, Staff, and Customers
• Handled related Party Bookings and Reconciliations – which includes interest computations for loans across related entities

Achievements:
• Received recognition certificate of Most Valuable Player (MVP) as an Associate Manager which resulted in promotion to position of Finance Manager (Tanzania ) effective April 2022
• Repeatedly received recognition for providing detailed and timely financial reports to management with no errors, thereby aiding in effective decision-making
• Repeatedly contributed to development of effective risk management and mitigation procedures across the company
• Successfully developed and maintained an internal financial control system that saved on time and costs for the organisation
• Successfully implemented SAP4 HANA Tanzania

Key Duties and Responsibilities:
• Handled detailed Management Reporting and Analysis
• Carried out Distribution Partner Financial Management by working closely with key stakeholders
• Carried out reconciliations and prepare Bank Reconciliation Statements for the Tanzania entity
• Managed Accounts Payables & Receivables
• Ensured tax compliance
• Ensured proper Finance Tracker maintenance and Finance closing
• Led special business critical projects
• Reviewed agreements with key strategic partners

Achievement:
• Consistently made statutory payments on time to avoid unnecessary penalties

• Led team in migrating from legacy accounting system to SAP by Design

• Implemented the Service Strategy through the management of an efficient service infrastructure of retail shops and field teams
• Produced weekly, monthly and quarterly plans to drive service results and meet set targets
• Assigned work to Officers to carry out product installations and provide ongoing servicing of products
• Managed day-to-day operations of retail shops to monitor timeous and efficient delivery of services to customers
• Conducted field evaluations and spot checks to evaluate the performance of the Field Agents and Installation officers
• Provided training and coaching interventions to retail and field services team to maximize service offering to the customer
• Monitor timeout customer payments to the business and follow/ up on any outstanding payments owed which have been escalated by the Officers
• Identify any critical patterns impacting service delivery and make recommendations on appropriate actions to the Territory Services Manager