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
Tanzania
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
Dar es salaam, Tanzania
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
Dar es salaam, Tanzania
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
Dar es salaam, Tanzania
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
Dar es salaam, Tanzania
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
Dar es salaam, Tanzania
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
Dar es salaam, Tanzania
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
Dar es salaam and Kyela - Mbeya, Tanzania
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
Dar es salaam, Tanzania
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