Salum Sossy
Dar es salaam
Summary
Detail-oriented accountant with 6 years of experience in managing accurate accounting information, tax return support, reconciliation, bookkeeping, and corporate operations, having worked with different organizations in the country. An astute financial professional with a keen eye for detail and a high level of integrity. Works well in large and small teams in all environments. I am currently pursuing my professional studies with the NBAA as a Certified Public Accountant.
Overview
9
9
years of professional experience
Work History
ACCOUNTANT | CREDIT CONTROL
HERITAGE INSURANCE COMPANY TANZANIA
Dar es salaam
05.2023 - Current
- Preparing and analyzing the company's monthly expense reports by providing detailed analysis on increases and decreases in Direct Attributable Expenses (DAE) and Non-Direct Attributable Expenses (NDAE), along with insights and recommendations for cost optimization and better financial planning.
- Conduct a thorough review and approval of invoices, confirming accuracy, appropriate allocation to relevant expense accounts, and proper application of tax rates prior to payment.
- Preparing and maintaining detailed balance sheet schedules to support accurate monthly and quarterly financial reporting, in compliance with internal and external audit requirements.
- Liaising with TRA to ensure that all credit notes resulting from policy cancellations are either refunded or offset against the company's tax liabilities, to minimize tax exposure.
- Conduct follow-ups and reminders to intermediaries and banks before payment due dates to ensure timely collections within the approved credit period.
- Maintain an up-to-date accounts receivables file to facilitate easy reviews and seamless audits.
- Preparation of weekly receivable reports to trace outstanding premiums for each branch, and conduct weekly meetings to review and address the status of outstanding premiums, improving collection efficiency.
- Work closely with external and internal auditors, as well as tax authorities, during assessments and audits to ensure a smooth, transparent, and compliant audit process.
- Preparation of monthly bank reconciliations, ensuring accuracy in financial records, and timely resolution of discrepancies.
- Collaborate across departments, offering support and clarification on financial matters; recognized for building positive relationships with both internal teams and external intermediaries, as dependable relationship personnel.
- Assist in the development and monitoring of the company budget and financial forecasts, contributing to effective financial planning and adherence.
- Prepared monthly financial statements and ensured compliance with regulations.
- Reviewed and reconciled bank statements to ensure accuracy of accounts.
ASSISTANT ACCOUNTANT
JUBILEE HEALTH INSURANCE COMPANY OF TANZANIA
Dar es salaam
12.2019 - 04.2023
- Managed and reconciled petty cash accounts, ensuring accurate tracking of small expenses and timely replenishment
- Collaborated with auditors during internal and external financial audits.
- Managed daily banking transactions, including deposits, withdrawals, and transfers.
- Prepared month-end closing entries for detailed reporting and recordkeeping.
- Reconciled service provider accounts and ensured timely payment of bills and expenses.
- Documentation of fixed assets and their monthly depreciation workings
- Processed invoices and ensured timely payments to vendors and service providers.
- Processed CITY LEVIES and WHT returns and ensured proper documentation of tax filings
- Assisted in preparing finance reports, demonstrating proficiency in financial analysis for example premium receivable reports
- Issuing receipts to individuals and other intermediaries of the company
- Gained hands-on experience in various financial tasks, including budgeting and reporting
- Assisted in the reconciliation of bank statements and general ledger accounts.
ASSISTANT OPERATIONS OFFICER
WF LOGISTICS LIMITED
01.2018 - 11.2019
- Handled administrative requirements and submitted operational reports.
- Review all incoming invoices and courier documents and maintain their records.
- Ordered, unloaded, sorted and tracked supplies and equipment needed for unit activities.
- Managed all aspects of administrative and personnel needs for smooth operations.
- Carried out day-day-day duties accurately and efficiently.
- Worked flexible hours, night, weekend, and holiday shifts.
- Offered friendly and efficient service to customers, handled challenging situations with ease
FINANCE DEPT. FIELD TRAINEE
NATIONAL MICROFINANCE BANK HEADQUARTERS
07.2017 - 10.2017
- Recording and processing vendor Payment Vouchers.
- Preparation of staff imprest reimbursements
- Verification and Recording of Fixed Assets.
- Reconciliation of Fixed Assets and Reversal of Entries.
- Preparation of Dividend Payments
Education
Certified Public Accountant - Final level
National Board Of Accountants And Auditors
Dar es salaam01-2025
Bachelor of Accountancy - Accounting and Finance
Institute Of Finance Management (IFM)
Dar es salaam01.2018
Certificate of Advanced level - Advanced level education
Benjamin Mkapa High School
Dar es salaam01.2015
Skills
- Microsoft Office
- Budget management
- Financial analysis
- Tax Return Filing
- Tax Reconciliation
- Financial Analysis
- Account Reconciliation
- Statutory Compliance
- Regulatory Reporting
- PREMIA
- Tally
- Teamwork
- Communication Skills
- Corporate Tax Planning
- Fixed Asset Management
- Depreciation
Other Information
Compulsory National Service Training
Jeshi La Kujenga Taifa, (Jkt), Mtabila (825-Kikosi Jeshi),
Kigoma, Tanzania
Languages
English
Proficient (C2)
C2
Swahili
Proficient (C2)
C2
Affiliations
Learning about cryptocurrency
References
- Shaban Salehe, Chief Operations Officer, The Jubilee Health Insurance Company Of Tanzania, Dar Es Salaam, 20524, +255 747 212 182, shaban.salehe@jubileetanzania.co.tz
- Archie David, Clients Relation & Provider Partnership Manager, The Jubilee Health Insurance Company Of Tanzania, Dar Es Salaam, 20524, +255 657 145 416, archie.david@jubileetanzania.co.tz
- Japhet Valerian, Chief Financial Officer, Heritage Insurance Company Tanzania, Dar Es Salaam, 7390, +255 714 250 275, japhet.valerian@heritageinsurance.co.tz
Timeline
ACCOUNTANT | CREDIT CONTROL
HERITAGE INSURANCE COMPANY TANZANIA
05.2023 - Current
ASSISTANT ACCOUNTANT
JUBILEE HEALTH INSURANCE COMPANY OF TANZANIA
12.2019 - 04.2023
ASSISTANT OPERATIONS OFFICER
WF LOGISTICS LIMITED
01.2018 - 11.2019
FINANCE DEPT. FIELD TRAINEE
NATIONAL MICROFINANCE BANK HEADQUARTERS
07.2017 - 10.2017
Certified Public Accountant - Final level
National Board Of Accountants And Auditors
Bachelor of Accountancy - Accounting and Finance
Institute Of Finance Management (IFM)
Certificate of Advanced level - Advanced level education
Benjamin Mkapa High School