Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Certification
Timeline
Referrences

Noel Joseph Ngonyani

Chang'ombe

Summary

Experienced Finance Specialist with over a decade of expertise in driving financial success and strategic business operations. Exceptional interpersonal and problem-solving skills enable efficient, solution-oriented, and results-driven financial leadership. Goal is to add significant value, profitability, and strategic contributions to enhance business operations. Proven track record in financial planning and analysis, budgeting, compliance, cross-functional collaboration, and advanced financial modeling consistently exceeds employer expectations through innovative financial strategies and robust risk management.

Overview

13
13
years of professional experience
1
1
Certificate

Work History

Finance and Administration Manager

MUHIMA AND COMPANY LIMITED
12.2023 - Current
  • Implemented new accounting software to automate manual processes, increasing accuracy and efficiency in financial reporting.
  • Oversaw the preparation of monthly financial statements, ensuring accuracy and timely reporting to stakeholders.
  • Enhanced internal controls by implementing strict compliance procedures and conducting regular audits.
  • Mentored junior finance staff members, fostering a culture of continuous learning and professional development.
  • Collaborated with cross-functional teams to develop strategic plans, aligning financial objectives with overall company goals.
  • Increased financial efficiency by streamlining budgeting processes and implementing cost-saving measures.
  • Established strong relationships with banks and investors, securing favorable financing terms for business growth initiatives.
  • Reduced outstanding receivables through improved credit control procedures and proactive collection efforts.
  • Improved cash flow management by monitoring working capital requirements and implementing best practices for optimizing liquidity.
  • Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
  • Processed invoices and contacted appropriate parties for timely payment receipt.
  • Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
  • Executed vendor setup and payment, administration of bank accounts and account reconciliations.
  • Developed policies and procedures for cash management, optimizing working capital usage and reducing borrowing needs.

Finance Manager

Acclaim Construction Supplies Limited
10.2019 - 11.2023
  • To identify and secure funding sources to enable growth and expansion of Acclaim Construction Supplies Limited which enable company's sales growth by 90%.
  • Manage day to day financial operations of company.
  • Manage company's cash flow.
  • Ensure compliance to all legal and fiscal rules and regulations.
  • To administer and implement financial discipline within company and cost- savings initiatives in order to improve company's profitability.
  • To provide information on company's product costs and inventory cost.
  • To provide strategic advice to management and Board regarding performance of overall company and some of its key processes.
  • To advise CEO and Board on company's capital expenditures.
  • To manage company's annual audits and preparations of financial reports and tax returns.
  • To evaluate and understand risks that surrounds the company and mitigate them under cost-effective model.
  • Prepare and process payroll information.
  • Monitor status of loans and accounts to ensure that payments are up to date.
  • Compile budget data and documents, based on estimated revenues and expenses and previous budgets.
  • Develop and maintain relationships with banking, insurance agencies, regulatory bodies and suppliers to facilitate financial activities.
  • Establish procedures for custody or control of assets, records, loan collateral.
  • Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
  • To prepare and present company's cash flow reports weekly to monthly to be presented to CEO.
  • Created organizational structures to improve accounting and finance functions.
  • Executed vendor setup and payment, administration of bank accounts and account reconciliations.

Senior Finance Officer

Amana Bank Limited
04.2019 - 10.2019
  • To prepare management accounts on daily basis.
  • To assist in preparation of quarterly financial accounts publications.
  • To prepare strategic performance report at end of each quarter.
  • To review and reconcile general ledgers (GLs) and balances.
  • Review of bank's suspended income.
  • To perform monthly expense analysis.
  • To prepare monthly budget.
  • To assist in handling and process monthly tax compliance activities and issues that warrant attention.
  • To perform industrial analysis during end of each quarter.
  • To assist in prepare of monthly Bank of Tanzania (BOT) reports.
  • To assist in processing of vendors payments.
  • To perform dual controls to ensure vendors are not paid twice.
  • To implement cost controls initiatives to safeguard bank's profitability.
  • To assist in posting and understanding proper treatment of financial transactions.
  • To assist in automation of bank's financial processes.
  • To ensure timely payment of regulatory obligations i.e. PAYE, SDL, Withholding taxes obligations, Value Added Taxes (VAT), Excise Duties, NSSF and WCF.

Internal Auditor

Dar es salaam, Amana Bank Limited
07.2017 - 04.2019
  • To assist in planning and preparation of audit programs.
  • To examine financial, accounting and operating systems of internal control for adequacy and effectiveness and to ensure compliance with company's policies, plans and procedures.
  • To examine financial and accounting records and supporting documents to ensure that they are accurately and properly prepared and maintained.
  • To prepare audit reports and discuss audit findings and recommendation with relevant senior officers.
  • To assist in evaluation and development of new accounting and operational system within company.
  • To carry out ad hoc investigations and specific accounting assignments as and when required.
  • To assist external auditors during their review of bank internal control systems.
  • Review and report on adequacy and effectiveness of risk management procedures.
  • To participate in updating internal audit manual, policies and procedures.
  • To carry out any duties assigned by Chief Internal Auditor.

Recovery Officer

Amana Bank Limited
05.2016 - 07.2017
  • To ensure closely monitoring and controlling of loss portfolio by preparing, improving and recommending procedures on recovering strategies.
  • Ensuring Non- Performing Loans (NPLs) portfolio is effectively managed for maximum recoveries.
  • Monitoring and controlling performance of debt collectors appointed by Bank.
  • Visit Non- Performing Loans (NPLs) and Pre-Non- Performing Loans(NPLs) customers whenever need arise to effectively minimizing bank's loss
  • To provide feedback sessions on progress of arrears accounts' rectification to Credit Manager.
  • Ensuring daily and weekly Non- Performing Loans (NPLs) reports on defaulters are submitted on time.
  • To ensure timely and correct collection procedures are followed.
  • Reporting regularly to Credit Manager on performance of recovery unit.
  • Maintain and enhance customer service.
  • Performing other duties as may be assigned or directed from time to time by Line Manager.
  • Identify accounts that are problematic and take them up with Business unit to ensure that remedial action is taken to regularize their exposure and/or escalate them to rehabilitation and recoveries team.
  • Placing all identified accounts as problematic on watch list to reflect their current irregular status.
  • Ensure compliance with all relevant regulatory and statutory requirements.
  • Performing other duties as may be assigned or directed from time to time by Line Manager.

Finance Manager

Kango Tanzania Limited
01.2015 - 04.2016
  • Developed and implemented efficient accounting, financial and operational systems
  • Secured funds for high level management spending purposes
  • Created detailed financial models and analytical tools to facilitate variance analysis
  • Developed operational production plan aimed at meeting customer demands and setting production standards
  • Assisted in acquiring company's legitimacy for instance Incorporation certificate, Tax Identification Number (TIN) and business license.
  • Market sourcing.

Country Operations Manager

Boston & Chance Tanzania Ltd
05.2013 - 12.2014
  • Led the modeling, planning and execution of all financial processes.
  • Researched market trends and surveys and used information to stimulate business and revenue growth.
  • Supervising the company's daily operational activities and report writing.
  • Meeting with suppliers, sourcing materials and organizing deliveries to the company operational grounds.
  • Participated in team-building activities to enhance working relationships.

Project Accountant - USAID Compete Program

Kyela College
06.2012 - 04.2013
  • Be custodian of cheque books for all project accounts.
  • Prepare payments(payment vouchers, cheques and any other forms as may be necessary).
  • Be custodian of accounting papers.
  • Check and collect all documents from bank in connection with project accounts and its transactions for sole purpose of operation of the accounts.
  • Keep track of income and expenditure vs bank balances to ensure that no overdraft occurs.
  • To prepare bank reconciliations.
  • Preparation of financial reports.
  • To perform any other duties assigned by Project coordinator.

Bank Cashier Trainee

Dar es salaam, CRDB BANK PLC
09.2011 - 12.2011
  • Responsible for receive cash from customers, processing and making payments
  • To prepare daily teller reports after closure of business hours.

Education

Certificate in Directorship (CiDir) -

The Institute of Directors in Tanzania (IODT), Dar Es Salaam
07.2020

Certified Public Accountant (CPA-T) -

The National Board of Accountants And Auditors, Dar Es Salaam, Tanzania
11.2014

B.COM (Hons) in Accounting - Accounting

University of Dar Es Salaam Business School (UDBS), Dar Es Salaam, Tanzania
11.2012

Certificate of Secondary Education (ACSE) -

Kibasila High School, Dar Es Salaam
02.2009

Division One point Seven (EGM)

Certificate of Secondary Education (CSE) -

Songea Boys Secondary School, Songea, Ruvuma
11.2006

Division I Point 16

Primary Education Certificate -

Changómbe Primary School, Dar Es Salaam, Tanzania
10.2002

Skills

  • Accounting and Taxes
  • Compliance and Auditing
  • Interpersonal and Conceptual
  • Use of accounting and ERP software ie Oracle Flexcube
  • Inventory Management
  • Manufacturing Accounting
  • Budgeting and Planning
  • Advisory and Negotiation
  • Loan Restructuring
  • Financial Analysis
  • Cash Flow Forecasting
  • Legal Proceedings
  • Human resources knowledge
  • Cost control and reduction
  • Financial analysis and reporting
  • Relationship building and management
  • Logistics, Clearing and Forwarding accounting skills

Accomplishments

  • Mananging company's annual financial audits and tax audits.
  • Able to secure the company's 2nd purchase order financing from a reputable bank (CRDB BANK PLC) - USD 420,000. (With no collateral) that helped in purchasing materials towards supplying the Julius Nyerere Hydropower Power Project (JNHPP)
  • Able to secure the company's 1st purchase order financing from a reputable bank (CRDB BANK PLC) - USD 210,000 (With no collateral) that helped in purchasing materials towards supplying the Julius Nyerere Hydropower Power Project (JNHPP)
  • Able to secure the company's 1st commercial working capital from a reputable bank (Standard Chartered
  • Tanzania) - TZS 91 million.

  • Able to secure the 1st lease loan arrangement for the company for purchase of crane truck with Equity for Tanzania - TZS 62 million that assisted in reducing the product delivery cost, loading and unloading cost and improve the product delivery lead time to customers.
  • Certificate in recognition of discipline, motivated, goal-getter and team player of the year 2019 (Amana Bank).
  • Certificate of appreciation for successful initiation of recovery process at Amana Bank.
  • Able to identify an IT set up error with regards to commission distribution between the bank and MNOs that enabled the bank to recover TZS 86 million in non-funded income.
  • Able to identify a treasury platform that was used by the bank's treasury department for forex trading that was a loss making to the bank. That the bank banned later.
  • Able to design, administer and implement the company's management and accounting system.
  • Able to design, administer and implement the company's administrative structure which helped in improving the business's working culture and discipline.
  • Class Representative for the B.COM courses for two years (2010/2012).
  • Ruvuma Region Best Mathematics Students -CHAHITA (Form Two Exams)

Languages

Swahili
Native language
English
Proficient
C2
Swahili
Proficient
C2

Certification

  • Certificate in Directorship (CiDir), The Institute of Directors in Tanzania (IoDT) - 2020
  • Certified Public Accountant (CPA- T), The National Board of Accountants and Auditors Tanzania (NBAA) - 2014


Timeline

Finance and Administration Manager - MUHIMA AND COMPANY LIMITED
12.2023 - Current
Finance Manager - Acclaim Construction Supplies Limited
10.2019 - 11.2023
Senior Finance Officer - Amana Bank Limited
04.2019 - 10.2019
Internal Auditor - Dar es salaam, Amana Bank Limited
07.2017 - 04.2019
Recovery Officer - Amana Bank Limited
05.2016 - 07.2017
Finance Manager - Kango Tanzania Limited
01.2015 - 04.2016
Country Operations Manager - Boston & Chance Tanzania Ltd
05.2013 - 12.2014
Project Accountant - USAID Compete Program - Kyela College
06.2012 - 04.2013
Bank Cashier Trainee - Dar es salaam, CRDB BANK PLC
09.2011 - 12.2011
The Institute of Directors in Tanzania (IODT) - Certificate in Directorship (CiDir),
The National Board of Accountants And Auditors - Certified Public Accountant (CPA-T),
University of Dar Es Salaam Business School (UDBS) - B.COM (Hons) in Accounting, Accounting
Kibasila High School - Certificate of Secondary Education (ACSE),
Songea Boys Secondary School - Certificate of Secondary Education (CSE),
Changómbe Primary School - Primary Education Certificate,

Referrences

1. Dr. Muhsin Salim Masoud - "People Bank of Zanzibar (PBZ)"

    Managing Director (MD)

   +255 (0) 773 470 870

2.  Isaack Alex Katanda - "Acclaim Construction Supplies Limited"

    Board Chairman

   isaack@acstz.com

   +255 (0) 684702011

3. Mwinyi Sekro - "Amana Bank Limited "

    Chief Internal Auditor (CIA)

    Mwinyi. Sekro @amanabank.co.tz

    +255 (0) 756064854

Noel Joseph Ngonyani