Summary
Overview
Work History
Education
Skills
Certification
Languages
References
Timeline
Generic

Sharifu Nuru

Dar Es Salaam

Summary

Accomplished Finance Manager with a proven track record at Ecobank Tanzania Limited, showcasing expertise in financial management and IFRS. Renowned for driving efficiency and fostering team development, I excel in financial analysis and verbal communication, significantly enhancing customer satisfaction and regulatory compliance.

Overview

13
13
years of professional experience
1
1
Certification

Work History

Finance Manager

Ecobank Tanzania Limited
Dar Es Salaam, Tanzania
06.2023 - Current
  • Created financial management mechanisms to minimize financial risk to business.
  • Managed relationships with investors, providing updates and addressing inquiries to maintain confidence.
  • Managed relationships with tax authorities, bankers and auditors.
  • Evaluated existing processes within the finance department and identified areas for improvement.
  • Negotiated contracts with vendors in order to obtain competitive pricing structures.
  • Analyzed complex financial data and generated meaningful reports for senior management.
  • Developed forecasting models utilizing historical data trends to predict future revenues and expenses.
  • Prepared and analyzed financial statements to inform executive decision-making.
  • Prepared financial documents such as budgets, forecasts and reports.
  • Reviewed and analyzed budget variances to ensure accuracy of financial information.
  • Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
  • Oversaw budget preparation, ensuring alignment with strategic goals and financial health.
  • Analyzed competitors and market trends to facilitate business growth.
  • Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
  • Assisted in the development of internal controls to protect company assets.
  • Analyzed actual financial results vs budget to prepare variance reporting to functional groups.
  • Supervised and mentored finance team members, fostering a culture of continuous improvement.
  • Coordinated cross-functional teams to drive efficiency and effectiveness in financial operations.
  • Coordinated preparation of external audit materials and external financial reporting.
  • Conducted variance analysis to identify discrepancies between actual and budgeted performance.

Ag. Chief Financial Officer

Ecobank Tanzania Limited
Dar Es Salaam, Tanzania
11.2021 - 12.2022
  • Oversaw corrective action plans to remedy structural, organizational and departmental issues.
  • Signed and approved budgets for new funding and program initiatives.
  • Managed company-wide budgets, payroll, accounting and other financial operations.
  • Managed relationships with external auditors, bankers and investors to ensure compliance with all regulations.
  • Monitored business trend forecasts and adjusted budgets and operational plans to maximize growth and opportunities.
  • Analyzed business trends and provided forecasts to senior management team for decision making purposes.
  • Directed the preparation of timely and accurate financial statements in accordance with Generally Accepted Accounting Principles.
  • Provided organizational leadership and collaborated with executive partners to establish long-term goals, strategies and company policies.
  • Guided internal audits, risk assessments and compliance monitoring.
  • Negotiated and managed contractual agreements to secure ideal terms and drive effective financial engagements.
  • Collaborated with IT department on implementation of software solutions that streamline financial processes.
  • Executed on-time, under-budget project management to adhere to project road map.
  • Supported company growth objectives by developing solid financial plans.
  • Prepared financial forecasts to support fiscal planning and management.
  • Oversaw finances for revenue generated by management projects.
  • Completed analysis of company financial data and produced industry reports outlining metrics and results.
  • Prepared detailed reports for executive leadership regarding key performance indicators such as sales growth or expense ratios.
  • Coordinated financial statement reviews to coordinate variance reporting, analysis of year-to-date and forecast performance against expectations.
  • Ensured compliance with federal, state and local laws regarding taxation and reporting requirements.
  • Hired, trained, and mentored staff members to maximize productivity.
  • Analyzed operational processes and implemented continuous improvement initiatives to promote profitability and efficiency.
  • Created annual budgets and monitored performance against them to ensure objectives were achieved.
  • Prepared accounts and conducted audits according to regulatory requirements.

Finance Officer

Ecobank Tanzania Limited
Dar Es Salaam, Tanzania
07.2016 - 11.2021
  • Conducted financial analysis to identify potential areas of improvement and cost savings.
  • Performed budgeting, forecasting, and variance analysis on a monthly basis.
  • Managed relationships with tax authorities, bankers and auditors.
  • Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
  • Participated in special projects related to process improvement initiatives.
  • Prepared monthly, quarterly and annual financial reports for management review.
  • Conducted reviews and evaluations for cost-reduction opportunities.
  • Prepared month-end accruals and necessary journal vouchers to facilitate month-end closing.
  • Coordinated audits with both internal and external auditors to ensure accuracy of financial statements.
  • Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
  • Provided technical guidance to junior staff members regarding accounting principles, practices, procedures.
  • Prepared quarterly reports on the company's financial performance against budgets and forecasts.
  • Assisted with the preparation of audited financial statements in accordance with Generally Accepted Accounting Principles.
  • Developed annual operating budgets for various departments within the organization.
  • Identified discrepancies between actual results versus projected results; investigated causes of variances; developed corrective action plans as needed.
  • Created ad hoc reports as requested by senior management team members or external stakeholders such as investors or lenders.
  • Analyzed actual financial results to budget, preparing variance reporting to functional groups.
  • Ensured that all taxes due were paid accurately and promptly according to government regulations.
  • Created and updated financial reports on frequent basis to present information to leadership teams.
  • Maintained an up-to-date knowledge of industry trends through research activities.
  • Coordinated with external auditors to facilitate annual audit processes.
  • Drafted presentations for executive meetings on relevant topics such as capital structure or debt financing options.
  • Reconciled bank accounts on a regular basis to ensure accuracy of records.
  • Analyzed competitors and market trends to facilitate business growth.
  • Managed accounts receivable and payable processes while ensuring accurate recording of transactions in the general ledger system.

Finance Officer

United Bank for Africa (UBA) Tanzania Limited
Dar Es Salaam, Tanzania
02.2012 - 07.2016
  • Ensure the maintenance of the general and subsidiary ledgers.
  • Conduct periodic financial analyses to identify and resolve issues, gaps, or variances.
  • Ensure all expenses are within the assigned subsidiary budget.
  • The Fixed Assets Register custodian oversees the acquisition and recording of assets in the system for proper depreciation and disposal.
  • Preparation of regulatory and group returns, daily, weekly, bi-weekly, and monthly.
  • Performed budgeting, forecasting, and variance analysis on a monthly basis.
  • Managed relationships with tax authorities, bankers and auditors.
  • Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
  • Participated in special projects related to process improvement initiatives.
  • Prepared monthly, quarterly and annual financial reports for management review.
  • Prepared month-end accruals and necessary journal vouchers to facilitate month-end closing.
  • Coordinated audits with both internal and external auditors to ensure accuracy of financial statements.
  • Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
  • Prepared quarterly reports on the company's financial performance against budgets and forecasts.
  • Worked with regulatory representatives to complete accurate filings and maintain compliance.
  • Worked with cross-functional teams to achieve goals.
  • Completed day-to-day duties accurately and efficiently.
  • Oversaw all postings and reconciliation of ledgers and accounts.
  • Coordinated preparation of external audit materials and external financial reporting.

Executive Assistant to the Managing Director

United Bank for Africa (UBA) Tanzania Limited
Dar Es Salaam, Tanzania
09.2011 - 02.2012
  • Coordinated meeting and work schedules for staff teams and executives.
  • Leveraged word processing software to create proposals, letters and memos.
  • Facilitated communications by forwarding emails, transferring calls and filing documents.
  • Compiled meeting agendas and supportive materials ahead of meetings.
  • Created and maintained computer- and paper-based filing and organization systems for records, reports and documents.
  • Maintained company confidence and protected business operations by keeping sensitive information confidential.
  • Facilitated board meeting agendas and distributed support materials in advance for successful sessions.
  • Ensured timely submission of invoices from vendors associated with executive staff projects.
  • Wrote and distributed executive meeting agendas and minutes to department heads and executive team members.
  • Maintained confidentiality regarding sensitive information related to managing director's operations.
  • Prepared expense reports for the Managing Director according to company policy.
  • Created presentations and reports for the Managing Director with accurate data entry and formatting.
  • Managed inventory of supplies necessary for efficient functioning of managing director's office space.
  • Organized and managed travel arrangements for the Managing Director, including flights, hotels and transportation.
  • Maintained calendar of appointments, meetings, events and deadlines for the Managing Director.
  • Provided administrative support to the Managing Director, including scheduling meetings, preparing agendas and taking minutes.

Education

Corporate Finance - Bachelor of Commerce Management

University of Dar Es Salaam
Dar Es Salaam
11-2010

Skills

  • IFRS expertise
  • KPI development
  • Internal controls
  • Verbal and written communication
  • Coaching and training
  • Financial analysis
  • Transfer pricing
  • Financial budgeting
  • Portfolio management
  • Financial management

Certification

  • Certified Public Accountant (CPA (T))
  • Certificate of attendance on IFRS Update Workshop conducted by PricewaterhouseCoopers-Tanzania (PWC)
  • Certificate of attendance on Tax Implications of 2013/2014 Budget and Finance Act 2013 Workshop conducted by Auditax International
  • Certificate of attendance on VAT Act 2014 & Transfer Pricing conducted by PricewaterhouseCoopers-Tanzania (PWC)
  • Certificate of attendance on New BOT Prudential Regulations
  • IFRS 9 Training conducted by PricewaterhouseCoopers (Nigeria)
  • Certificate of attendance on Requirements for Implementation of Basel II and III conducted by Bank of Tanzania

Languages

Swahili
First Language
English
Advanced (C1)
C1

References

References available upon request.

Timeline

Finance Manager

Ecobank Tanzania Limited
06.2023 - Current

Ag. Chief Financial Officer

Ecobank Tanzania Limited
11.2021 - 12.2022

Finance Officer

Ecobank Tanzania Limited
07.2016 - 11.2021

Finance Officer

United Bank for Africa (UBA) Tanzania Limited
02.2012 - 07.2016

Executive Assistant to the Managing Director

United Bank for Africa (UBA) Tanzania Limited
09.2011 - 02.2012

Corporate Finance - Bachelor of Commerce Management

University of Dar Es Salaam

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Sharifu Nuru