Elias Baasha
Dar es Salaam,Tanzania
Summary
Experienced in financial management with focus on cost accounting. Capable of optimising financial performance through rigorous analysis and strategic planning. Skilled in identifying cost-saving opportunities and implementing process improvements.
Overview
18
18
years of professional experience
8036
8036
years of post-secondary education
Work History
Cost Accountant and Ag. Financial Controller
G4S SECURE SOLUTIONS (T) LIMITED
Dar es Salaam, Tanzania
12.2022 - 02.2025
- Labor Cost Analysis: Which consists of almost 80% of company costs
- Contract Costing and Profitability:
- Budgeting and Forecasting:
- Variance Analysis:
- Equipment and Supply Cost Management: Uniforms, Motor Vehicles and Communication Gadgets
- Compliance and Reporting: Ensuring compliance with relevant regulations and preparing accurate financial reports is essential
- Control with regard to accurate processing to GL:
- Accounts Receivable Debt Management and Credit Control
- Cash flow management
- Fixed assets management
- Month end procedures and Month end Reporting
- Tax issues
- Group Financial Controls
General Manager
MAXONS PAPER CONVERTERS LIMITED
01.2022 - 11.2022
- Oversaw all aspects of daily operations, ensuring smooth running of the organisation.
- Fostered a high-performance culture, resulting in increased productivity.
- Developed strategic business plans, enhancing corporate vision and objectives.
- Established successful partnerships with other companies for mutual growth.
- Maintained compliance with industry regulations at all times.
- Implemented rigorous financial controls, improving overall profitability.
- Streamlined communication processes for improved team collaboration.
- Successfully negotiated contracts with suppliers to reduce costs.
- Regularly reviewed performance data, driving continuous improvement efforts.
- Increased overall operational efficiency by implementing new management strategies.
- Introduced effective cost control measures, reducing unnecessary expenditure.
- Built high-performing teams to achieve organisational objectives.
- Managed key stakeholder relationships for smoother project completion.
- Defined company direction through careful strategic planning.
- Improved staff retention with robust HR policies and procedures.
- Achieved customer satisfaction with regular feedback and improvement sessions.
- Identified and resolved operational issues impacting productivity, performance or profitability.
Finance and Administration Manager
CHUI SYSTEMS LIMITED and WINACOM LIMITED
01.2020 - 12.2021
- Developed comprehensive budget plans for fiscal stability.
- Conducted regular risk assessments to prevent potential issues.
- Facilitated cross-departmental collaborations, fostering a unified organisational approach.
- Ensured compliance with all relevant legal regulations, mitigating risk.
- Created detailed forecasting models with advanced Excel functions.
- Liaised effectively with auditors during annual audit process for transparency.
- Managed the preparation of year-end accounts; ensured timely submission to Companies House.
- Identified opportunities for cost reduction, contributing to bottom-line profits.
- Evaluated department performance against budgets using key metrics.
- Oversaw purchasing processes; ensured timely delivery of supplies.
- Improved accuracy in financial reporting by implementing rigorous checks and audits.
- Maintained accurate record keeping systems by regular data input and management.
- Led finance transformation projects to reach company growth goals.
- Represented business in negotiations with external partners.
- Coached and mentored junior staff to maximise finance department capabilities.
- Oversaw audits to collate accurate data and recommend constructive improvements.
- Collaborated with business management to set and control annual budgets.
- Analysed financial performance to implement key improvement strategies.
Accounts Supervisor
OLAM TANZANIA LIMITED
05.2017 - 12.2019
- Review of Data Entry - Review and sign off all data entry for Head Office and Upcountry on a weekly basis
- Corporate affairs and communication - DA bill Recon, Prepayment Recon, Debit Note Recon & Long-term Corporate Summary, Associate company reconciliation
- Sales - ensure TRA data is reconciled with sales listing
- Review sales listing and ensure accuracy and timely reporting
- Cash flow Projection - Request from PCH every Wednesday and send to product accounts teams
- Fixed assets - supervision of fixed asset verification, ensure maintain fixed asset master file
- Schedules – Preparation of all Balance Sheet Stock for all products, Packing Materials, Spares, Prepaid, Sundry Debtors & Creditors, Provisions schedules
- Review and ensure all other schedules prepared by finance team are accurate
- Stock Ageing / Local Buyers Agency ageing - Analyze inventory holding and provision for stock verification - ensure and oversee stock verification as per global stock calendar
- Post MIS Reports - Fair Valuation -(Cocoa/Cotton), Balance Sheet Health check accurately and on time, working capital file accurately and on time, accurate and timely Overhead Analysis and circulation post discussion
- Internal & External Audit - Preparation of Audit file for Internal and External Audits, Assistance in preparation of the quarterly Audit pack
Senior Accountant
JEFAG LOGISTICS TANZANIA LTD - GROUP
11.2014 - 04.2017
- Managing Financial aspects of subsidiary companies that makes JEFAG GROUP including FANTUZZI, Dar Es Salaam Inland Container Depot (DICD) and JEFAG LOGISTICS
- Look after complete posting of all transactions (including reports i.e
- Trial balance, debtors and creditors list) independently
- Maintain the Fixed Asset Register and Run the depreciation schedule on Monthly basis
- Preparations of company financial reports for executive use
- Check the accuracy and completeness of the bank reconciliation on monthly basis
- Check the approval and correct accounting ledger for posting petty cash and payment vouchers on daily basis
- Timely completion of Inter Branch Reconciliation on monthly basis
- Timely completion of Intercompany Reconciliation on monthly basis
- Handling a team of accountants and making sure team is well motivated and disciplined
- Preparation and submission of Monthly VAT Return, PAYE and SDL and other statutory payments
Accountant
SGA TANZANIA LIMITED
07.2007 - 10.2014
- Managing of Company’s financial accounting, monitoring and reporting systems
- Preparation and monitoring company annual budget and reporting
- Preparation of management reports including balance sheet, P&L, and cash flows with variance explanations
- Accurate periodic financial management reporting including scenario modeling and analytic of financial performance to shareholders, senior managements and other colleagues
- Work with senior teams to grow the business formulating strategies and plans
- Contribute fully to the development of company strategy across all areas of the business, challenging assumptions and decision making as appropriate and providing financial analysis and guidance on all activities, plan, targets and business drivers
- Researching and reporting on factors influencing business performance
- Developing financial management mechanism that minimizes financial risks
- Conducting reviews and evaluations for cost reduction opportunities
- Ensure that company financial systems are robust, compliant and support current activities and future growth
- Ensuring tight financial controls and process are developed, implemented and maintained in the company
- Accounts Team Management
- Review Work output from the team
- Review of financial reports prepared by the team
- Staffs’ developments of the accounts team through training, mentoring, coaching etc
- Preparation of Management report under supervision of Chief Accountant
Education
CPA Review Course - Intermediate Level
National Board of Accountants and Auditors
Bachelor of Arts -
Moi University
Eldoret, Kenya12.2006
Uganda Advanced Certificate of Education -
Busia Senior Secondary School
Busia, Uganda12.2002
Certificate of Secondary Education (UCE) -
Busia Senior Secondary School
Busia, Uganda12.2000
Skills
- Accounting Package Skills - PASTEL, ACCPAC, SAP, OMNI, QB, TALLY, SAGE EVOLUTION
- Payroll Packages - SIEGE 300
- EASY ROSTER
- Debt Collection and Debt Management Skills
- Sales and Marketing Management Skills, Strategic Business Planning Skills, Financial management, Planning, Negotiation skills
- Cost management
Custom
- Mr. Meleckzedeck Shange, Group Operations Manager – FANTUZZI, DICD & JEFAG LOGISTICS (T) LTD, meleck@dicd.co.tz, m_shange@yahoo.com, +255 784 505 570
- Mr. Salum Dawa, Finance Manager – HILL GROUP TANZANIA LTD, salum.dawa@hillgroup.co.tz, salumdawa@yahoo.com, +255 685 982 337
- Mr. Remigy Paul Massawe, Sales & Marketing Manager – G4S SECURE SOLUTIONS (T) LTD, remigiopaul2010@gmail.com, remigi.paul@tz.g4s.com, +255 688 103 880
Languages
English
Advanced
Accomplishments
Best Employee of the Year 2023 Award
Best Employee of the Year 2024 Award
Timeline
Cost Accountant and Ag. Financial Controller
G4S SECURE SOLUTIONS (T) LIMITED
12.2022 - 02.2025
General Manager
MAXONS PAPER CONVERTERS LIMITED
01.2022 - 11.2022
Finance and Administration Manager
CHUI SYSTEMS LIMITED and WINACOM LIMITED
01.2020 - 12.2021
Accounts Supervisor
OLAM TANZANIA LIMITED
05.2017 - 12.2019
Senior Accountant
JEFAG LOGISTICS TANZANIA LTD - GROUP
11.2014 - 04.2017
Accountant
SGA TANZANIA LIMITED
07.2007 - 10.2014
CPA Review Course - Intermediate Level
National Board of Accountants and Auditors
Bachelor of Arts -
Moi University
Uganda Advanced Certificate of Education -
Busia Senior Secondary School
Certificate of Secondary Education (UCE) -
Busia Senior Secondary School
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