Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
References
Timeline
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Philipo Makungu

Philipo Makungu

Arusha

Summary

Dynamic Financial Controller with a proven track record at Maua Mazuri Tissue Culture Products Limited, excelling in financial analysis and budgeting. Spearheaded the transition to automated billing, enhancing cash flow and operational efficiency. Adept at regulatory compliance and fostering team collaboration, driving strategic financial improvements across departments.

Overview

16
16
years of professional experience

Work History

Financial Controller

Maua Mazuri Tissue Culture Products Limited
Moshi, Kilimanjaro
11.2020 - 02.2025
  • Maintained general ledger and chart of accounts, performed complex accounting functions such as journal entry preparation, account analysis, balance sheet reconciliation and preparation of quarterly financial statements.
  • Managed month-end closing process including journal entries and account analysis.
  • Developed complex P&L reports to inform stakeholders.
  • Oversaw accounts payable and receivable functions, cash flow management, budgeting and forecasting.
  • Evaluated collection reports to determine collections status and outstanding balance amounts.
  • Conducted research into new technologies that could improve financial operations.
  • Managed accounting, payroll, and financial reporting activities.
  • Reorganized finance and accounting departments to improve efficiency and cut excess spending.
  • Facilitated analysis and audit of financial records and record keeping by finance departments of each institution in accordance with federal regulations and generally accepted accounting principles.
  • Reviewed internal disbursement processes to optimize and strengthen security of payment environment.
  • Advised executives on contracts with significant financial implications.
  • Maintained accurate records of all financial transactions in the general ledger system.
  • Managed AP and AR operations, coordinating staff workflows and reviewing completed work to reduce errors.
  • Ensured compliance with all applicable federal and state regulations related to accounting practices.
  • Collaborated with program leaders and staff to provide education and training on finance and accounting procedures.
  • Created detailed budgets for each department within the organization.
  • Trained team of staff in automating billing functions.
  • Reviewed bank reconciliations on a regular basis to ensure accuracy of data.
  • Executed periodic budgeting and modeling to project monthly cash requirements.
  • Ensured compliance with applicable laws and regulations related to finance activities.
  • Spearheaded transition to automated billing functions to reduce costs and improve cash flow.
  • Extensively analyzed and researched financial data ahead of annual budget creation and administration.
  • Negotiated contracts with vendors for goods or services related to finance activities.

Accountant

Ona Safari Limited
Arusha
02.2018 - 10.2020
  • Coordinated preparation of external audit materials and external financial reporting.
  • Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
  • Assisted in the development of internal controls to protect company assets.
  • Developed invoicing systems and internal controls to boost billing efficiencies.
  • Coordinated with external auditors to facilitate annual audits and improve financial processes.
  • Built financial models to allocate resources, forecast cash and investment needs and make capital budgeting decisions.
  • Analyzed competitors and market trends to facilitate business growth.
  • Analyzed complex financial data and generated meaningful reports for senior management.
  • Analyzed competitive landscape and financial metrics to support strategic planning and market positioning.
  • Managed relationships with tax authorities, bankers and auditors.
  • Managed financial transactions involving general funds and contracts to reduce cashflow challenges.
  • Reviewed and analyzed budget variances to ensure accuracy of financial information.
  • Created monthly performance metrics that tracked key performance indicators.
  • Prepared and analyzed financial statements to inform executive decision-making.
  • Monitored cash flow to ensure sufficient liquidity.

Lodge Accountant

The African Embassy Limited
Arusha
05.2015 - 09.2018
  • Created journal entries accurately and timely for month end close processes.
  • Coordinated project materials and schedules, facilitated communication and prepared reports.
  • Updated and managed accounts payable databases, employing access controls to protect data.
  • Managed and trained team members to enhance audit department performance and increase operational efficiency.
  • Developed staff expense and reimbursement tracker to reduce user errors and increase reporting accuracy.
  • Gathered banking transactions via statements, recorded activity in Excel format and reconciled balances.
  • Monitored cash flows and prepared weekly cash projections.
  • Presented audit results to management teams, delivering information in non-technical terms for easy understanding.
  • Posted financial data in Excel spreadsheets and managed inventory.
  • Performed general ledger reconciliations on a timely basis.
  • Investigated and resolved billing issues to maximize cash flow and minimize liabilities.
  • Maintained accurate accounts for cash, fixed assets and other transactions.
  • Wrote reports, authored papers and organized supporting documentation.

Accountant

The Archdiocese of Mwanza
Mwanza
07.2009 - 04.2015
  • Developed processes for more efficient accounting operations.
  • Prepared and processed payroll.
  • Prepared journal entries, invoices, checks, account statements, reports, and other documents.
  • Checked postings and documents for correctness, accuracy and proper coding.
  • Received and recorded cash, checks and transfers.
  • Calculated income and social security tax deductions.
  • Participated in special projects related to process improvement initiatives.
  • Provided support to senior staff members during peak workloads or deadlines.
  • Analyzed financial data to identify trends or issues requiring management attention.
  • Prepared bank deposits by verifying and balancing receipts and sending cash and checks to banks.
  • Performed financial calculations for amounts due, interest charges and balances.
  • Investigated discrepancies between physical counts and computer records for inventory purposes.

Education

MBA - Stanford Seed Transformation Program

Stanford University
California
01-2025

GED -

Deloitte Tanzania
Dar Es Salaam
09-2014

Bachelor of Science - Advanced Diploma in Accountancy

St. Augustine University of Tanzania
Mwanza
11-2009

High School Diploma -

Bupandagila High School
Simiyu
03-2008

Skills

  • Financial analysis
  • Budgeting and forecasting
  • Cash flow management
  • Regulatory compliance
  • Financial reporting
  • Accounts payable
  • Problem solving
  • Effective communication
  • Team building
  • Risk assessment
  • Internal controls
  • Accounts payable and receivable
  • Month-end and year-end closings
  • Financial auditing
  • Balance sheet management
  • Budget administration
  • Finance
  • Financial document review
  • Policy planning
  • Accounts receivable management
  • Financial strategy management

Accomplishments

Third Place Winner in Tax Compliance – Small Taxpayer Category, 2024

Kilimanjaro region

Languages

Swahili
First Language
English
Upper Intermediate (B2)
B2

References

References available upon request.

Timeline

Financial Controller

Maua Mazuri Tissue Culture Products Limited
11.2020 - 02.2025

Accountant

Ona Safari Limited
02.2018 - 10.2020

Lodge Accountant

The African Embassy Limited
05.2015 - 09.2018

Accountant

The Archdiocese of Mwanza
07.2009 - 04.2015

MBA - Stanford Seed Transformation Program

Stanford University

GED -

Deloitte Tanzania

Bachelor of Science - Advanced Diploma in Accountancy

St. Augustine University of Tanzania

High School Diploma -

Bupandagila High School

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Philipo Makungu