TIMOTHY NHWAGI
Dar es Salaam
Overview
13
13
years of professional experience
Work History
Senior Receivables Accountant
SWALA solutions Ltd
06.2020 - Current
- Ensure the smooth and efficient running of the Accounts Department
- Maintain integrity of Accounting system (Sage 300), ensuring it always remains effective and operational.
- To prepare financial reports, complete monthly closing procedures, analyze revenues and expenditures to see whether they are correctly reported
- Prepare monthly account reconciliations, assist with tax audits, prepare tax returns
- To participate in internal audit function through sites visits, physical and documents verification to ensure all the organisation operational and financial policy and procedures are adhered to.
- Ensure that the organisation Credit policy is implemented and adhered to by all Employees
- Check and verify all customer LPO's before approving any sales.
- Ensure all customers are paying their debts as per approved credit terms
- Follow up by phone calls, emails and letters all customers outstanding balances and ensure payments are received within 30 days from the due date.
- Make sure customers receive their statements on a monthly basis.
- Advising management in a course of action to be taken on all difficult customers and doubtful debts.
- Ensure customer records are always accurate and up to date in accounting system (Sage 300).
- Maintain peaceful customer relationship, reconciling customer accounts and providing feedback to management.
- Ensure daily monitoring of all company's bank accounts to identify direct customer deposits and advise cashier to receipt.
- Daily posting of customer receipts and ensure the accounts tally with cashier cash in hand at the closing of the day.
- Make sure all payments receipts are properly allocated to respective tax invoices to match with customer intentions.
- Reconciliation of VAT output from the ledger against filed in TRA portal and resolving any reconciling items within a month.
- Reconciliation between EFD report and Turnover from ledger.
- Prepare a summary of debtor's age analysis to highlight the trends and movements of the total debtors in the company.
- Prepare a weekly summary report of collections to highlight achievements and reasons for failure if any.
- Prepare a list of the projected collections for the week ahead with the strategies on how to achieve.
- Prepare Inventory aging analysis Report on monthly basis and analyze long outstanding overdue inventories and take corrective action.
- Prepare GRPO VS Invoice report which helps senior management Team to know which costs/purchases have not been invoiced/sold.
- Procurement agent company for Barrick Gold Mine. Other clients include Boart Longyear, Minopex Mining Solutions, Chrysos Operations Ltd and East African Conveyors Ltd.
- Implemented GRPO control system which helped in identifying total cost of more $151,000 not invoiced to the customer.
- Introduced the Mark up analysis report which assisted management to know how much the company has generated from each supplier.
- Introduced a simplified remittance allocation system which reduced significantly the time spent on allocations of remittances.
- Introduced an exchange rate sheet linked to BOT website for reliable information.
- Introduced POD tracker for identifying invoices vs delivery manifest.
- Assisted the company to improve collections through close monitoring of debtors.
- Introduced online filing of Payroll returns.
Outsourcing Semi Senior/External Accountant
RSM Eastern Africa
01.2018 - 05.2020
- Posting of all transactions to the general ledger
- Maintaining the vouchers and other supporting documentation including invoices and bank account statements
- Preparation of management accounts and submission of a monthly reporting to clients for review and approval.
- Bank reconciliations for Clients bank accounts
- Preparations of annual financial statements.
- Maintaining the fixed asset register
- Paying/filing SETP, City service levy, property tax etc on behalf of Clients.
- RSM is the 6th Largest Audit Firm in the World operating in more than 120 Countries specialized in Consulting, Tax and Auditing Services.
- Clients Served: TABISCO (real estate), OSIEA (NGO), Kilima One (Hospitality), Karimjee Investments, GOPA international Energy Consultants.
- Processing Clients Payroll Correctly and Ensuring The Statutory Dues are Computed and Paid for Timely.
- Processing Client VAT Returns, Including Validating the Input and Output Details with Supporting Documents.
- Conducted Internal audit for our Client Grantees books.
Assistant Financial Administrator
Andbeyond travel Ltd
11.2013 - 01.2018
- Processing safari quotes/Permits, document maintenance, recording in Quick Books, orders and counts
- Bank reconciliations and daily banking
- Petty cash issuing, document maintenance, recording in QB and daily counts
- Capturing of invoices - local suppliers and procurement
- Procurement supplier reconciliation (correct VAT treatment)
- Ensure all invoices are accurately recorded in QuickBooks and filed away
- Reconciling Control accounts and give feedback to Regional Office
- Andbeyond Company Ltd is one of the world`s leading Luxury experiential travel Companies operating within 16 African counties as well as India, Bhutan and Sri Lanka with more than 32 extraordinary camps and lodges.
- Able to control cost per guest to be in line with Budgets.
- Created Printing and stationery stock sheet that was used through the region.
- Introduced stock control procedures which assisted in control Lodge stocks.
Branch Accountant
Fanikiwa Microfinance Company LTD
Arusha
01.2013 - 11.2013
- Performs monthly bank reconciliation and coordinating with other personnel to resolve promptly all reconciling items pending.
- Ensuring the completeness of supporting documents for all of the recorded transactions in the Branch accounting records.
- Produces Financial reports of the branch, Including cash flows, balance sheet, etc at the close of each banking day and at the month end.
- Act as a member of the Branch Credit Committee (BCC) which is responsible for evaluating all loans.
- Fanikiwa Microfinance Company Ltd serves more than 2,000 entrepreneurs with business and agriculture loan products to improve their business activities.
- Custodian of petty cash, Cheque books, Receipts books, and all clients Security Documents.
- Prepare petty cash certificate at every 2nd day of each month and send it to Finance manager.
Education
Bachelor Degree of Business Administration - Accounting
St Augustine University of Tanzania
01.2012
Advanced Certificate of Secondary Education - undefined
Makongo High School
01.2009
Certificate of Secondary Education - undefined
Makongo Secondary School
01.2006
NBAA CPA(T) intermediate - undefined
01.2026
Skills
- Hold a clean Driving license class D
- Microsoft Excel
- Microsoft Word
- Internet basics
- Outlook
- Bankers' realm
- QuickBooks Accounting Package (Premier Accountant Edition)
Languages
Swahili
English
Personal Information
- Nationality: TANZANIAN
- Driving License: class D
Awards
- Best Consulting Associate of the 4th Quarter, 2019-12-01
- Best Consulting Associate of the 2nd Quarter, 2019-06-01
- Best Team of the quarter, 2019-06-01
- Best Team of the quarter, 2019-09-01
- Best Team for the 4th Quarter, 2018-12-01
- Best Consulting Associate for 2nd Quarter, 2018-06-01
Hobbies and Interests
- Travelling
- Watching action movies
- Driving
Timeline
Senior Receivables Accountant
SWALA solutions Ltd
06.2020 - Current
Outsourcing Semi Senior/External Accountant
RSM Eastern Africa
01.2018 - 05.2020
Assistant Financial Administrator
Andbeyond travel Ltd
11.2013 - 01.2018
Branch Accountant
Fanikiwa Microfinance Company LTD
01.2013 - 11.2013
Bachelor Degree of Business Administration - Accounting
St Augustine University of Tanzania
Advanced Certificate of Secondary Education - undefined
Makongo High School
Certificate of Secondary Education - undefined
Makongo Secondary School