Summary
Overview
Work History
Education
Skills
Websites
References
Languages
Timeline
Generic

Michael Chami

Arusha

Summary

Results-driven full-cycle accountant with extensive experience in fast-paced environments. Proven track record in identifying inefficiencies to save businesses time and money. Expertise in financial modeling, budgeting, and variance analysis, contributing to operational efficiency and strategic planning. Recognized for delivering actionable financial insights that support business growth.

Overview

5
5
years of professional experience

Work History

Head of Supply Chain And Finance

Keen Feeders Industries ltd
Arusha
04.2024 - Current
  • Conducts negotiations with sellers and vendors for the best possible prices.
  • Ensure that the company gets the best possible terms and conditions for the purchased of materials.
  • Order new supplies when they are running out.
  • Get in touch with the finance department for the purchased materials
  • Plan and predict procurement needs based on market trends, seasonality, and business goals.
  • Develop and implement procurement strategies to optimize both efficiency and cost-effectiveness.
  • Ensure that the company follows its contractual obligations.
  • Oversee the renewal, termination, or renegotiation of procurement contracts.
  • Ensure that materials being purchased comply with relevant laws, regulations, and company policies.
  • Manage relationships with suppliers and report to the management about any serious issues.
  • Set and manage procurement KPIs to track and improve performance.
  • Help in preparing reports on procurement expenditures and savings.
  • Overseeing daily inventory management and stock control procedures, ensuring accurate records and optimal stock levels.
  • Analyzing market trends and business needs to forecast inventory requirements and prevent stock outs or excess inventory.
  • Ensuring timely stock replenishment based on demand and inventory levels, minimizing delays and ensuring product availability.
  • Conducting regular inventory audits and cycle counts to verify accuracy and identify discrepancies.
  • Developing and implementing strategies to optimize inventory levels, minimize storage costs, and reduce waste.
  • Working closely with other departments, such as sales, marketing, and operations, to understand their needs and ensure alignment with procurement and inventory strategies.
  • Analyzed financial data to support strategic decision-making processes.
  • Developed financial models to project future revenue and expenses.
  • Assisted in preparing comprehensive budget reports for various departments.
  • Collaborated with cross-functional teams to streamline financial reporting procedures.
  • Conducted variance analysis to identify discrepancies in budget forecasts.
  • Utilized Excel and data visualization tools for effective data interpretation.
  • Prepared monthly balance sheets, income statements, cash flows statements, budgets.
  • Identified discrepancies in financial data and recommended corrective actions to resolve them.
  • Reviewed financial documents and records to assess accuracy and compliance with applicable laws, regulations, and standards.

Senior Financial Accountant

Keen Feeders Industries ltd
Arusha
01.2022 - 04.2024
  • Managed accounts by analyzing costs and revenue.
  • Prepare, review and submit crucial budget plans for company goals.
  • Organized sales and profit reports.
  • Prepared budget and analyzed inventories, cost of goods and general accounts.
  • Liaised with external vendors for all types of invoicing, management and payment queries.
  • Develop strategies for minimizing tax liability.
  • Work closely with auditors during all audit process.
  • Project future trends based on analysis work.
  • Manager Complex expenses reporting.
  • Provided ad-hoc information to budget holders, improving the profitability of their businesses (up to 55% higher profit due to higher accounting efficiency).
  • Performed financial risk assessments for all future business projects.
  • Key Achievement
  • Improved processes, which resulted in 25% better time efficiency and over 80 million saved annually.

Finance Officer

TCB Bank
Arusha
06.2021 - 12.2021
  • Managed financial records and transactions using advanced accounting software.
  • Prepared monthly financial reports for management review and decision-making.
  • Conducted budget analysis to ensure alignment with organizational goals.
  • Assisted in developing financial policies to promote compliance and efficiency.
  • Coordinated audits with external auditors to ensure transparency and accuracy.
  • Monitored cash flow to maintain operational liquidity and support objectives.
  • Collaborated with departments to provide financial insights and recommendations.
  • Managed accounts receivable and payable processes while ensuring accurate recording of transactions in the general ledger system.
  • Used Excel to analyze and integrate data for high volume database.

ASSISTANT ACCOUNTANT

EARTHLIFE EXPEDITION
Arusha
12.2020 - 05.2021
  • Conducting the accounting procedures for company payments.
  • Review all necessary documents for authorization and procurement purpose.
  • Maintaining the proper accounting records in a filing system.
  • Preparation of procurement document and process them for acquisition of company goods.
  • Share information with stores department for maintenance and updating of company property ledgers and inventory lists.
  • Preparation of company final accounts and advising the management on the position of the company to make informed decisions.
  • Reconciliation of bank accounts and general ledgers.
  • Preparation of financial statements and compiling supporting documents.

Education

Bachelor degree - Economics and Finance

INSTITUTE OF ACCOUNTANCY ARUSHA
Arusha
12-2020

Advanced certificate - secondary school

ARUSHA SECONDARY SCHOOL
Arusha
05-2017

Certificate - secondary education

BARAA SECONDARY SCHOOL
Arusha
11-2014

Skills

  • Software proficiency QuickBooks, Advanced knowledge of Excel and SAP
  • Reporting Provided accurate, timely reports (monthly, end of year)
  • Focus on regulatory compliance Strict adherence to Tax laws, Finance laws and IFRS
  • Market trend analysis
  • Financial reporting
  • Inventory control systems
  • Forecast demand

References

  • JANETH, GODFREY MSUYA, Branch Operation Manager, Janeth.godfrey@tcbbank.co.tz, +255 758305149, Tanzania commercial bank, P.O. Box 854, Moshi
  • ELIUD, MARKO KIPUYO, Senior Corporate Relationship Manager, eliud.kipuyo@tcbbank.co.tz, +255 753 165 571, Tanzania Commercial Bank, P.O. Box 15100, Arusha
  • BERNARD, MAIMU, Chief Accountant, +255 679 759 830, P.O. BOX 13365, Arusha

Languages

Swahili
First Language
English
Intermediate (B1)
B1

Timeline

Head of Supply Chain And Finance

Keen Feeders Industries ltd
04.2024 - Current

Senior Financial Accountant

Keen Feeders Industries ltd
01.2022 - 04.2024

Finance Officer

TCB Bank
06.2021 - 12.2021

ASSISTANT ACCOUNTANT

EARTHLIFE EXPEDITION
12.2020 - 05.2021

Bachelor degree - Economics and Finance

INSTITUTE OF ACCOUNTANCY ARUSHA

Advanced certificate - secondary school

ARUSHA SECONDARY SCHOOL

Certificate - secondary education

BARAA SECONDARY SCHOOL

Similar Profiles

CREATE PROFILE
Michael Chami