CRETUS MAGANGA
GEITA
Summary
Senior Accounts Officer II with comprehensive background in financial management, reporting, and auditing. Proven strengths in maintaining accurate financial records, regulatory compliance, and cost reduction strategies. Demonstrated ability to enhance accounting operations through system improvements.
Overview
10
10
years of professional experience
Work History
Senior Accounts Officer II
Vocational Education and Training Authority
Geita
08.2014 - Current
- Prepared financial statements and reports detailing accounts receivable status.
- Analyzed customer payment plans and credit limits, and maintained records of customer account activity.
- Monitored cash flow, budgeting, and forecasting activities to ensure accurate financial reporting.
- Assisted in the preparation of monthly balance sheets and income statements.
- Resolved discrepancies between invoices, payments and accounts receivable ledgers.
- Conducted internal audits on accounting processes and procedures to identify areas for improvement.
- Maintained compliance with Generally Accepted Accounting Principles standards.
- Reconciled bank statements, ensuring accuracy of all transactions.
- Reviewed financial documents for accuracy prior to submitting for approval or processing payments.
- Developed policies and procedures related to accounts receivable management best practices.
- Managed accounts receivable aging process to ensure timely collection of outstanding balances from customers.
- Generated weekly reports on overdue accounts for management review.
- Ensured compliance with applicable laws regarding collections activities.
- Provided support in the development of new accounting systems as needed.
- Participated in special projects such as budgeting exercises or cost analysis initiatives.
- Assisted in the development of annual budgets by providing relevant data points from historical trends.
- Maintained current and accurate general ledger with all accounting data in audit-ready format.
- Deposited vendor payments and adjusted accounts to reflect changing balances.
- Collaborated with accounting associates to improve reconciliation processes.
- Verified and entered expenditures into accounting software, reconciling accounts to resolve variances.
- Improved year-end inventory audit process to increase accuracy.
- Helped prepare and administer yearly budgets for overall operations and individual departments.
- Prepared and analyzed financial statements, including balance sheets and income statements.
- Provided financial guidance and support to other departments, enhancing overall organizational performance.
- Coordinated with external auditors for annual audits, providing necessary documentation and explanations.
- Implemented cost reduction strategies, contributing to significant savings without impacting operational efficiency.
- Conducted internal audits to ensure adherence to financial and operational controls.
- Developed and implemented efficient accounting systems and procedures to improve workflow.
- Participated in the development and review of financial policies and procedures.
- Managed and reconciled multiple accounts, ensuring accuracy and compliance with financial policies.
- Handled queries and resolved issues related to accounts, ensuring customer satisfaction.
- Monitored cash flow, prepared cash flow forecasts, and managed bank reconciliations.
- Assisted in financial planning and analysis, providing insights for strategic decision-making.
- Administered payroll processing, including calculation of wages, benefits, and deductions.
- Compiled and presented financial reports to management, highlighting trends and areas of concern.
- Managed accounts payable and receivable, improving payment cycles and maintaining vendor relationships.
- Processed and recorded transactions in general ledger, maintaining detailed financial records.
- Ensured compliance with tax regulations, preparing and submitting tax returns and other necessary filings.
- Conducted monthly, quarterly, and annual closing activities, ensuring timely and accurate reporting.
- Created and maintained budgeting controls, analyzing variances and recommending corrective actions.
- Used excellent verbal skills to engage customers in conversation and effectively determine needs and requirements.
Education
BBA - BBA in Accounting
St. Augustine University Of Tanzania
Mwanza, Tanzania11-2011
Skills
- Variance Analysis
- Bank Reconciliation
- Financial statement preparation
- Audit Coordination
- Debt management
- Internal Controls
Languages
Swahili
First Language
English
Proficient (C2)
C2
References
References available upon request.
Timeline
Senior Accounts Officer II
Vocational Education and Training Authority
08.2014 - Current
BBA - BBA in Accounting
St. Augustine University Of Tanzania
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