Fadhili Mbwaga

• Reviewed budgets and communicated discrepancies to senior management.
• Completed year-end closing processes with controllers and external auditors.
• Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
• Prepared monthly journal entries and reconciliations.
• Wrote financial statements and consolidations after reconciling general ledger accounts.
• Reconciled balance sheets and streamlined best practices for balance sheet processes.
• Evaluated and improved financial records to make important business decisions.
• Developed and implemented effective accounting systems.
• Reviewed documents and accounts for discrepancies and resolved variances.
• Partnered with auditors to track errors and add contributions to maintain accuracy.
• Calculated tax owed, prepared, and submitted returns and upheld compliance with all applicable laws.
• Analyzed financial audit information and made recommendations to improve efficiencies.
• Set up and improved accounting systems and processes to meet business needs and maximize operational success.
• Oversaw accounting team in servicing diverse clients.
• Assisted team members in transitioning to new system through extensive training and one-on-one support.
• Liaised with clients regarding financial plans and objectives.
• Reviewed business operations and obligations to help organization function at acceptable level.
• Assisted in upgrade and conversion of in-house financial systems.
• Prepared working papers, reports and supporting documentation for audit findings.
• Maintained integrity of general ledger and chart of accounts.
• Tracked funds, prepared deposits and reconciled accounts.
• Provided journal entries and performed accounting on accrual basis.
• Identified legal tax savings and recommended ways to improve profits.
• Found tax solutions to complicated tax issues or errors from incorrect tax filings.
• Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
• Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
• Initiated comprehensive account assessments to check viability, stability, and profitability of business operations.
• Collaborated with accounting manager to comply with governing bodies and limit regulatory risks.
• Cooperated with senior leaders to create operating budgets and initiate financial planning.
• Trained new employees on accounting principles and company procedures.
• Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
• Used accounting software to issue tax returns and prepare consolidated reports.
• Collected and reported monthly expense variances and explanations.

• Reviewed budgets and communicated discrepancies to senior management.
• Completed year-end closing processes with controllers and external auditors.
• Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
• Take overall responsibility of the accounting department including recruitment of accounting staff;
• Ensure that financial practices are in compliance with all statutory legislation and regulations, and company policy;
• Ensure the finance team maintain proper books of accounts for Silverlands Tanzania Limited;
• Preparing annual statutory financial statements;
• Prepare and present the monthly management accounts to head of departments and management;
• Prepare the monthly cashflows and present to the management;
• Liaise with company auditors
• Reviewing and approving payment, Cash imprest, journal and Invoice, to ensure proper posting of transactions in the company’s accounting system;
• Provide financial advice regarding the operations of the Company that will enable the management to make sound business decisions;
• Liaise with TRA and other Regulatory bodies on any matter regarding the Company;
• Participate in developing and managing financial systems/policies
• Analyze any changes in goods or services provided to determine what effect it has on the cost, analyze production costs, recommend product pricing and prepare regular reports comparing standard costs to actual production costs;
• Provide management with reports that specify and compare factors that affect prices and profitability of products or services;
• Review the business performance against the approved budget;
• Provide financial advice and support to the business to enable the management team and the BoD to make sound business decisions;
• Liaise with management to ensure compliance with all loan requirements;
• Reviewing various forms including requisitions, invoices, purchase orders, delivery notes, issue notes, credit notes, debit notes and others. to be used in implementing internal control procedures as they would be reflected in the Financial Regulations & Accounting Procedures Manual;
• Preparation Chicken Biological Asset Valuation at the mid and end of the year
• Ensure timely review of monthly payrolls for General staffs;
• Liaise with payroll administrator and Director of finance timely review to ensure returns for PAYE, WHT, SDL, WCF and pension contributions are submitted and prepared on time;
• Liaise with tax liaison and management to ensure the withholding tax and other relevant taxes are paid on time;
• Preparation of an insurance claim document to insurance company. providing details of a calamity/accident, as provided in insurance policy requesting for benefits
• Preparing other reports for decision making (Monthly, Bi-annual and Annual);
• Reviewed business operations and obligations to help organization function at acceptable level.
• Perform other duties as directed by the management and BoD

• Prepared thorough reports, commentaries and financial statements.
• Identified past financial trends, performed risk management and predicted future outcomes and needs.
• Used Palladim accounting system to conduct financial analysis, presenting findings to management.
• Supervised team of accounting technicians, liaising between colleagues and management.
• Preparation of monthly Management Account for analyzing and recording financial and operational business activities for internal company use in an effect to increase efficiency and productivity.
• Preparation of monthly cost to budget analysis meeting, for the purpose of the formulation of strategies and in the planning and control of the operation undertaking.
• Collaborating effectively with cross-functional teams including payroll, AP / AR, and external auditors to drive maximum productivity and efficiency.
• Excelling within time-sensitive, fast-paced atmospheres while resolving issues and motivating staff to achieve maximum productivity and efficiency.
• Financial analysis to the management on all strategic and operation implication of Managerial decision and ensure are aligned with statutory requirement and tax matters.
• Liaising with non-finance staff toward ensuring the source documentation and transaction data are sufficient and meet both internal quality and recognized accounting standard
• Coordinating, supervision and monitoring monthly inventory count and the reconciliation of the Raw Materials, Finished Goods and Consumables, also preparation of inventory valuation report at end of the year.
• Preparation Chicken Biological Asset Valuation at the mid and end of the year
• Monitoring production Feed, Day old Chick (DOC) and internal manufactured raw materials in the system including its production cost and preparation of the weekly, monthly Quarterly and yearly feed production and dispatch reports
• Reviewing the monthly payroll and check if all statutory deductions have been counted for.
• Planning of Accounting function and insuring accounting information’s accurate posted in an accounting system. Also, to ensure the standards of costs, sales forecast, production planning, profit planning, allocation of resources, capital budgeting covered in the Management account.
• Provide cost inputs in planning, budgetary process and control and forecast income and expenditure;
• Partnered with auditors to track errors and add contributions to maintain accuracy.
• Initiated comprehensive account assessments to check viability, stability, and profitability of business operations.
• Perform other duties as directed by the management and BoD

• Completed audit papers by thoroughly documenting audit tests and findings.
• Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
• Consulted clients on internal control systems development and audit program improvements.
• Provide management over a portfolio of clients and deliver high quality audit and assurance service, including preparing and reviewing audit plans and work
• Auditing of Income Statement areas and financial position area and Preparation/detailed review of the Financial Statements including Directors reports, Statement of financial position, Statement of comprehensive income, Statement of cash flows, Statement of changes in equity and the notes to financial statements.
• Professional Skills and Judgment applied in understanding of the clients’ business operations, implications in audit testing, account balances and linkages to other accounts within the audit and identifying wider business issues/areas.
• Maintain the highest technical and professional standards.
• Obtain an understanding of IFRSs/IPSASs and generally accepted auditing standards and common audit procedures and techniques.
• Audit Risk Assessment Planning including assessment of clients’ internal control systems (i.e., Entity Level and Transaction Level Controls) and financial statements in order to design suitable audit procedures to address risks identified.
• Develop audit reports including results, conclusions and recommendations. Review of company’s appropriateness of internal controls and application of company policies, detect internal control deficiencies and recommend necessary corrective measures.
• Prepare audit paperwork in accordance with standards and BDO methodology. I.e., Independence document, Lead schedule, List of Information required. Develop creative audit techniques for operational efficiency
• Proactively interact with key client’s management to gather information, resolve problems, and make recommendations for business and process improvements.
• Manage audit assignments/engagements from start to finish
• Develops an understanding of the audit client`s business through engagement team discussion and other relevant source.
• Advising clients on issues involving Accounting Standards (IFRS) in measurements, recognition and presentation of financial statements which may otherwise seem to be controversial.
• Participate in various stock count and preparation of stock take report.
• Perform analytical procedures/analyses to detect unusual financial statement relationships and substantive testing and identify, communicate and discuss the Proposed adjusting journal entries with a clients
• Perform internal control and compliance checks to ensure any gaps are addressed and closed.
• Making constructive suggestions to improve client internal controls and accounting processes and procedures
• Ensure that previous years’ audit recommendations are implemented and errors are resolved properly.
• Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.

Some of clients Fadhili participate in Auditing while with BDO have included

· Tanzania Red Cross Society (TRCS). (NGO)

· Salvation Army International Trust- (NGO)

· Maryland Global Initiatives Tanzania Limited (NGO)

· ADD International Tanzania Programme (NGO)

· Repoa Limited (NGO)

· Care international in Tanzania (NGO)

· Eastern and Southern African Management (ESAM)(Diplomatic)

· Olympic Exploration Tanzania Limited. (Mining)

· Orica Tanzania Limited (Mining)

· Silverlands Ndolela Limited (Agriculture)

· Silverlands Tanzania Limited (Agriculture)

· Mtibwa Sugar Estate Limited (Agriculture)

· Infotech Place limited, (Estate)

· H.F Fire International (T) Ltd, (Retail)

· Infotech Investment Group Limited-(Estate)

· IIG Retail-(Retail)

· Infotech Computers Limited (Retail)

· Mazava Fabrics and Production E.A Ltd-(Manufacturing)

· Damelin University of Tanzania Limited, (University)

· Educor Properties Tanzania Limited. (Estate)

• Responsible for the preparation of developing an understanding of the BDO audit approach, methodology & tools (the APT)
• Establish working relationships with client personnel • Perform analytical review of audit documents
• Identify accounting and auditing issues; perform research to solve issues that arise
• Prepare financial statement reports and documentation supporting BDO Tanzania's audit opinions
• Provide recommendations for improved controls and enhanced business efficiency
• Demonstrate ability to plan and manage engagements and people along with ensuring deliverables meet work plan specifications and deadlines.
• Provide significant help and support to senior professionals to review a client's internal controls and procedures
• Documenting and validating the operating effectiveness of the clients’ internal control system
• Identifying and considering all applicable policies, laws, rules, and regulations of the firm, regulators, or other authoritative bodies as part of engagement team discussion
• Performing audit procedures to verify that the client’s financial records present its true and fair financial situation
• Preparing and compiling of audit files of clients using APT, BDO IFRS tailored Audit Processing Tool
• Identified various risks and errors to propose corrective action to decision makers.
• Reviewed and assessed accounting systems and business controls.

• Interacted with customers by phone or in-person to provide information.
• Analyzed problems and worked with teams to develop solutions.
• Sorted and organized files, spreadsheets, and reports.
• Participated in workshops and presentations related to banking activity to gain knowledge.
• Guiding and monitoring customer in account opening and advise on best account to open
• Cross selling bank products to the public and customer services and involved in branch operation activities in Customer service department, Administration department and Business banking department
• Learning on credit appraisal/analysis, (customer assessment) and security valuation,
• Verifying customer, card issuance cancelling of cheques and attending customers query and other activities as assigned by proper officer supervisor(s)