Ghuheni Mganga
Dar es salaam
Summary
Experienced with data analysis, team leadership, and reporting processes. Utilizes advanced analytical skills to produce precise and insightful reports. Track record of leading teams to enhance reporting accuracy and efficiency.
Overview
6
6
years of professional experience
Work History
Financial Planning and Reporting Manager (FP&R)
Shelys Pharmaceuticals Limited (Member of Aspen Group)
12.2022 - Current
- I am working closely with all departments during budgeting to mobilize resources, gather inputs and consolidate annual budget for the Company which align with the strategic objectives of the Company and Group (Aspen holding).
- I have managed to prepare five year forecast model and three financial statements model which are being revised bi annual.
- I have a role to prepare monthly reports such as factory P&L and provides comments on the production efficiency and evaluating the over and recovery of factory overheads.
- Conducting variance analysis Actual (AC) against Budget(BU), GP Margin analysis and product mix analysis, Working capital ratio and comments on the efficiency of the same.
- I am performing monthly and quarterly business cash flows projections for the Company to ensure effectiveness and efficiency in management of working capital components.
- I have developed Expected Credit Loss by using simple approach for Aspen Nigeria and Shelys Pharmaceuticals Limited.
- Preparation of Segmented Income Statements (SIS) for Transfer Pricing Compliance from both local and group reporting point of view.
- Currently i am supervising the team of 10 experienced accountants and we work as a team to ensure accounting works such as LCs payments, statutory payments, bank reconciliation, suppliers and debtors reconciliation are properly managed.
- Loading financial results including statement of financial performance and position and cash flows to Cognos controller.
- Preparation of financial statements in compliance with the International Financial Reporting Standards (IFRS ),Tanzanian Companies Act of 2002 and Tanzania Financial Reporting Standard 1 (TFRS 1)
- Monthly review and reconciliation of general ledgers to ensure accuracy reporting.
- Preparation and presentation slides to management on monthly results and interpreting key ratios that affects KPIs.
- Hosting and assisting both group internal and external auditors in carrying out their duties.
- Worked closely with the tax consultants and managed to respond to the TRA assessments and lowered tax liabilities from TZS 3billion to TZS 500M and 1Billion to TZS 780M in financial YOI 2022 and 2023 respectively.
- Achieved to redesign internal controls around consumables issues in SHE and Engineering Departments.
Audit Senior/Supervisor
Claritas International
02.2021 - 11.2022
- Performed risk based audit planning to various industries ranging from Manufacturing, Transport and logistics, Financial, public entities, international donor funded organizations etc.
- Managed to establish working relationships with clients, my team, managers, partners and any other third part involved in the audit engagement.
- Supervised and couched team of audit associate and equipped them with working paper documentation skills, excel application, how to design and tailor audit test to respond to identified significant risks.
- Ensuring timely completion of audit assignment to meet firm's and client expectations meanwhile delivering high quality standards.
- Preparing reports including management letters and financial statements in compliances with standards (IPSAs ,IFRS and IFRS for SMEs)
- Optimizing the audit process to increase compliance and efficiency to ensure team does not burst budget.
- Conducting training regarding Internal Controls, International Financial Reporting Standards (IFRS) and IFRS for SMEs, IPSASs and International Standards on Auditing (ISA)
- As a senior auditor in charge with Internal Auditing and Consulting services i ensured clients business undertakings adheres to policies, procedures, legislations and regulations
- For all internal audit assignments i managed to prepare Annual Audit Planning (AAP) in compliance with International Professional Practice Framework (IPPF) and presented to the Board.
- Preparation of reports summaries for presentation to the Board during engagement exit meetings.
- Bill initiation and collections
- Preparation of audit proposals as part of business development initiatives
- Managed portfolio of clients which contributed to over TZS 500M annually
- Maintained communication with group auditors and filling all group reporting packages i had a chance of working with group auditors from PWC, EY and RSM network member firms.
Audit associate
RSM Eastern Africa
08.2019 - 02.2021
- Risk assessments and planning
- Documentation of internal controls into the CaseWare and ensure full compliance with RSM global audit methodology.
- Preparation of financial statements based on the required reporting standards IFRS for SMEs , IFRS and IPSASs and special purpose reporting
- Communication with group auditors mostly EY, PWC and RSM fellow network firms.
- Conducting forensic audit
- Auditing risk areas such as revenue, receivables, borrowings etc.
- Preparation of training materials for TFRS 1 and First time adoption of IPSASs by NGOs
- Bill initiations and collections
Education
Certification in Internal Audit (CIA) -
Institute of Internal Auditors(IIA)
Dar es Salaam, TanzaniaFinancial Modeling and Valuation Analyst (FMVA) - undefined
Corporate Finance Institute (CFI)
12.2022
Certified Public Accountant CPA(T) - undefined
National Board of Accountants and Auditors (NBAA)
05.2021
Bachelor of Accounting and Finance in Business Sector (BAF - BS) - undefined
Mzumbe University
Tanzania08.2019
Advance Certificate in Secondary Education Examination (ACSEE) - undefined
St Jude Secondary School -(Smith Campus)
06.2015
Certificate in Secondary Education Examination (CSEE) - undefined
Vudee Secondary School
10.2012
Skills
- Risk assessment and management
- Data visualization and insights
- Proficient in Power Query and Pivot Tables
- Business language proficiency
- Team collaboration support
- Effective time management
- Business proposal writing Business development
- Cognos applications, Cognos controllers, GFS
- Internal Auditing ISAs ,JPPF, SOX 404 and 101 , ERM and COSO framework
- Budgeting ,Forecasting and Financial Planning Model building and input consolidation
- Financial Statement Preparations General IFRSs , IFRS for SMEs and IPSASs plus special purpose
- Leadership skills Communication and team management
- Flexibility and adaptability Change adaptation
- SAP FICO expertise
- Proficient in audit software application
Community Service & Volunteer Work
- Teaching, Arusha, Tanzania, 2015-09, 2016-10, Teaching Chemistry and Physics
- Military Service, Dodoma, Tanzania, 2015-06, 2015-09, Service Man
- Charity work(Faraja Foundation & Happy Watoto), Arusha, Tanzania, Weekend visits
Languages
Kiswahili Fluent
English Proficiency
French
Timeline
Financial Planning and Reporting Manager (FP&R)
Shelys Pharmaceuticals Limited (Member of Aspen Group)
12.2022 - Current
Audit Senior/Supervisor
Claritas International
02.2021 - 11.2022
Audit associate
RSM Eastern Africa
08.2019 - 02.2021
Financial Modeling and Valuation Analyst (FMVA) - undefined
Corporate Finance Institute (CFI)
Certified Public Accountant CPA(T) - undefined
National Board of Accountants and Auditors (NBAA)
Bachelor of Accounting and Finance in Business Sector (BAF - BS) - undefined
Mzumbe University
Advance Certificate in Secondary Education Examination (ACSEE) - undefined
St Jude Secondary School -(Smith Campus)
Certificate in Secondary Education Examination (CSEE) - undefined
Vudee Secondary School
Certification in Internal Audit (CIA) -
Institute of Internal Auditors(IIA)
FUTURE CAREER
- ACCA
- MBA in Corporate Finance
References
- Hubert, Nkya, Director, 0713345825, Claritas International
- Aloyce, Kessy, Assurance Manager, 0717231177, RSM Eastern Africa
- Anderson, Nollo, Senior Internal Compliance Manager, 0717650065, Tanzania Health Promotion System
Awards
Creator of excel tools, RSM Eastern Africa, Golden star employee, Claritas International