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) -
07.2020
Certified Public Accountant (CPA-T) -
11.2014
B.COM (Hons) in Accounting - Accounting
11.2012
Certificate of Secondary Education (ACSE) -
02.2009
Division One point Seven (EGM)
Certificate of Secondary Education (CSE) -
11.2006
Division I Point 16
Primary Education Certificate -
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
- 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)
Tanzania) - TZS 91 million.
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
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