Honoranancy S. Massawe
Dar Es Salaam
Summary
Ambitious Finance Manager offering over 7+ years of experience increasing productivity through automation of processes. Confident individual with track record of accurate reporting and analysis. Highly experienced in mentoring employees, leading talented teams and making decisions promptly.
Overview
7
7
years of professional experience
1
1
Certification
Work History
Finance Operations Manager
Fasthub Solutions Limited
Dar Es Salaam, Tanzania
01.2021 - Current
- Led a team of 5 finance professionals in managing accounts payable, receivable, and general ledger.
- Implemented an automated invoice approval system, reducing processing time by 20%.
- Oversaw accounts payable processes including vendor onboarding, invoice verification, and timely payment execution.
- Managed accounts receivable processes including credit control procedures, customer invoicing, and efficient collections.
- Reconciled general ledger accounts, ensuring accuracy and completeness of financial records.
- Provided monthly financial reports and analysis to senior management for informed decision-making.
- Developed and implemented new financial reporting procedures, enhancing data accuracy and transparency for senior management.
- Defined reporting requirements for various departments (e.g., sales, marketing, operations).
- Designed and implemented new financial reports using data visualization tools.
- Conducted variance analysis to identify and investigate financial discrepancies.
- Supported the creation of management dashboards with key performance indicators (KPIs).
- Oversaw monthly and annual financial close processes, ensuring timely and accurate reporting within deadlines.
- Developed and maintained a comprehensive financial closing calendar.
- Coordinated with all departments to collect and consolidate financial data.
- Performed account reconciliations and journal entries to ensure accurate closing balances.
- Prepared and reviewed financial statements for accuracy and compliance with accounting standards.
- Managed relationships with external auditors, supporting successful financial audits for the past 3 years.
- Prepared and submitted audit documentation.
- Addressed audit inquiries and provided timely responses.
- Maintained a strong internal control framework to mitigate financial risks.
- Collaborated with auditors to ensure a smooth and efficient audit process.
Senior Accountant
Fasthub Solutions Limited
Dar Es Salaam, Tanzania
01.2019 - 12.2020
- Supervised a team of 2 junior accountants, ensuring accuracy and efficiency in daily accounting tasks.
- Provided training and mentorship to junior team members on accounting principles and procedures.
- Conducted performance reviews and facilitated professional development opportunities.
- Monitored team workload and delegated tasks effectively.
- Ensured adherence to internal control policies and procedures.
- Prepared and analyzed complex financial reports, providing insights to support strategic decision-making.
- Analyzed financial statements to identify trends and patterns.
- Calculated key financial ratios (e.g., profitability, liquidity, solvency).
- Prepared variance analysis reports to highlight deviations from budget or historical data.
- Provided financial insights and recommendations to guide business decisions.
- Implemented cost-saving measures in vendor negotiations, contributing to a 10% reduction in operational costs.
- Reviewed supplier contracts and identified opportunities for cost optimization.
- Negotiated with vendors to secure better pricing and payment terms.
- Evaluated and recommended new vendors based on cost-effectiveness and quality of service.
- Monitored vendor performance to ensure adherence to contractual agreements.
Accounts Officer
Hanif Habib & Company
Dar Es Salaam, Tanzania
01.2017 - 12.2018
- Performed a wide range of accounting tasks including accounts payable/receivable, bank reconciliations, and general ledger maintenance.
- Processed supplier invoices, ensuring accuracy and adherence to internal control protocols.
- Prepared and issued customer invoices for timely collection of receivables.
- Reconciled bank statements, identifying and resolving discrepancies.
- Performed data entry and maintained accurate general ledger records.
- Assisted with month-end closing procedures, including account reconciliations and accruals.
- Supported the preparation of financial statements and reports.
- Compiled data for the preparation of income statements, balance sheets, and cash flow statements.
- Assisted with the preparation of management reports and tax returns.
- Ensured adherence to accounting standards and financial reporting regulations.
- Maintained strong internal controls to ensure accuracy and compliance.
- Documented accounting processes and procedures.
- Performed regular control self-assessments to identify and mitigate risks.
Education
Bachelor of Science - Bachelor of Accountancy
Institute of Accountancy Arusha
Arusha07-2016
MBA - Finance
University of Dar Es Salaam
Dar Es SalaamSkills
- Internal Controls
- Cash Flow Management
- GAAP knowledge
- Payroll Management
- Cost accounting
- Performance Analysis
Certification
- Certified Public Accountant - CPA(T), National Board of Accountant and Auditors
- Associate Certified Public Accountant (ACPA), National Board of Accountant and Auditors
Languages
Swahili
First Language
English
Proficient (C2)
C2
References
- Pastory Peter Gumiye, Revenue assurance Manager, Fasthub Solutions Limited pastorygumiye@gmail.com, 0677150781
- Adonias Magoti, Finance Manager, Tata International Limited adonias.magoti@tatainternational.com,0758 355 870
- Erick Latela, Senior Auditor, Auditax International latela2013@gmail.com, 0717 037 815
Timeline
Finance Operations Manager
Fasthub Solutions Limited
01.2021 - Current
Senior Accountant
Fasthub Solutions Limited
01.2019 - 12.2020
Accounts Officer
Hanif Habib & Company
01.2017 - 12.2018
Bachelor of Science - Bachelor of Accountancy
Institute of Accountancy Arusha
MBA - Finance
University of Dar Es Salaam
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