Michael Louis Adjei

Michael louis adjei

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  • Timeline

  • About me

    Financial Controller at Vivo Energy

  • Education

    • University of cape coast

      2000 - 2004
      Bachelor of commerce accounting
    • University of ghana

      2011 - 2013
      Master’s degree finance
  • Experience

    • Nestle ghana ltd. tema factory

      Jun 2004 - Mar 2007

      • Monitoring and Preparation of monthly Capital Investment (CAPEX) report.• Updating Fixed Assets in the Fixed Assets Register (NEFAM) on a timely basis.• Preparation of Maintenance & Investment (M&I) Reports for Technical Service Manager.• Assisting in monthly Actual Cost Calculation.• Assisting in payroll processing and reviewing and approving all payroll related journals for posting.• Reviewing and Approving General Ledger Reconciliations.• Ensuring timely and efficient Accounts Payable Operations. Show less

      • Financial Accountant

        Jan 2006 - Mar 2007
      • Accounts Payable Accountant

        Jun 2004 - Dec 2005
    • Nesle ghana ltd. tema factory

      Apr 2007 - Dec 2007
      Project accountant –fico super user (sap implementation)

      • Ensuring the implementation of Best Practices in Finance and Control (FICO- Costing) prior to SAP (System Application Program) Globe Go-Live.• Assisting in the initial Set up of the Costing function in SAP for Tema Factory.• Responsible for providing accurate information for the initial set up of SAP in the Factory.• Documenting and localizing all Standard Operating Procedures (SOP’s) in relation to effective operation of the system.• Training Finance & Control End Users in SAP.• Responsible for training new Finance and Control recruits. Show less

    • Nestle central & west africa region

      Jan 2008 - May 2009
      Regional cost accountant

      • Preparation of Standard Cost Budget (SCB) and Revision Costing for the Factories in the Region.• Preparation of Quarterly transfer price for the markets (CWAR Countries) to assist in their Selling Price calculation. • Preparation of New material Cost Estimate and New Product Simulation for management.• Performing Actual Cost calculation for the factories in the Region.• Ensuring timely resolution of technical Costing issues faced by Factories• Assist Factories in the preparation and explanation of Variance Reports.• Providing a good support to the factories and Business for the Cost calculation by maintaining a good communication network between the Shared Service and the Market. Show less

    • Baker hughes ghana limited

      Jun 2009 - Dec 2011
      Cost & management accountant

      • Preparation and analysis of inventory reports for all product lines for calculation of key financial ratios to aid management decision.• Analysis of purchases price Variances and making appropriate adjustments as per company guidelines.• Monitor Intercompany(IC) trading and ensuring that cost and revenue are accurately recorded as per company and statutory standards.• Project Accounting;-Handling all issues in relation to capital investment projects i.e. preparation and justification of Authorization for Expenditure (AFE’s), project monitoring cost and capitalization.• Fixed Assets Accounting and reporting;-ensuring that all fixed assets are recorded on time and reported in accordance with company and statutory standards.• Maintenance Reporting & Accounting-ensuring those maintenance activities/expenses are correctly classified and reported according to company standards.• Coordinating with other colleagues to ensure Balance Sheet schedules are prepared accurately as per company and Statutory standards.• Monitoring the activities of operations and ensuring that they are accurately reported. Show less

    • Baker hughes regional accounting center-dubai

      Jan 2012 - Jun 2012
      Inventory, fixed asset & r&m accountant

      Liaising with Global Fixed Asset team to ensure fixed Assets and Capital Investment projects are reported and capitalized per company policy.• Maintaining accurate inventory master records in SAP for all Sub-Sahara Africa countries • Handling Repairs and maintenance (R&M) accounting and reporting for all Africa Countries with R&M divisions.• Prepare preliminary and SAP close repair & maintenance costs details & accrue repair costs for Sub-Sahara Africa Countries.• Prepare preliminary and SAP close initial tools on job report, review with operations and prepare accruals.• Analyse / Control R&M costs for Sub Sahara Africa countries.• Variance analysis R&M costs as % Revenue for Sub Sahara Africa countries. Show less

    • Baker hughes ghana limited

      Jul 2012 - Apr 2015
      Country accounting center manager

      Managing the Accounting and reporting functions for Ghana and Far West Africa countries.• Managing and supervising a team of Accountants on day-to-day basis with respect to Account Payable, Account Receivable, Inventory, Fixed Assets, Treasury and Payroll functions.• Perform monthly close functions including but not limited to calculating accruals, posting journals in SAP and HFM etc.• Making sure that the financial statements reflect an accurate picture of the organization's financial position at all times.• Ensuring a sound internal control environment within the jurisdiction i.e. Ghana and Far West Africa Countries. • Preparation of financial and operational reports and analysis for local and Regional management Team.• Preparation of final Accounts per IFRS/IAS for Statutory audit and finally for tax assessment and filing within the respective deadlines.• Ensuring compliance with regulatory requirements and liaising with local management and FP&A as required.• Coordinating statutory, internal and other audit related matters. Show less

    • Weatherford ghana/gulf of guinea

      May 2015 - Oct 2016
      Financial controller

      • Responsible for all aspects of financial control, accounting and financial management support for the Weatherford Country.• Building, developing and managing a strong finance team to support the WFT Country business.• Responsible for ensuring the provision of accurate and timely financial accounts for WFT business:to comply with local fiscal authorities and WFT US GAAP financial reporting requirements.• Responsible for ensuring internal controls are in place and operating effectively, complying with company policy and SOX.• Providing Operations Management with meaningful financial reports to assist them in running the business, working with management teams and advising on operational finance issues.• Developing and improving processes and procedures, including implementing new financial systems within the Finance function to improve accuracy and efficiency and comply with local, Region & Global policies.• Responsible for financial integration of newly acquired businesses into existing structure, and performing or assisting with due diligence on M&A projects when required. Show less

    • Weatherford

      Nov 2016 - Nov 2017
      Financial controller

      •Responsible for all aspects of financial control, accounting and financial management support for Weatherford East and Africa Countries-Kenya, Mozambique, Tanzania, Uganda and South Africa•Basically same responsibilities as below for Gulf of Guinea Countries including supervision and managing of Finance and Supply Chain personnel.

    • Unilever ghana ltd

      Nov 2017 - May 2018
      Financial controller

      Managing the Accounting and financial reporting functions for Unilever Ghana;• Overseeing the operations and functioning of the General Ledger, Accounts payable, Treasury, Tax and Payroll Accounting.• Manages the preparation of monthly Financial statements to meet group reporting requirements and quarterly for local SEC publication. Leads the month end close reporting process. Ensuring all transactions are accurately booked and approving all journal entries for posting.

    • Expro gulf ghana limited

      Jun 2018 - Feb 2019
      West africa area financial controller

      • Managing the Finance function including, accounting, budgeting, forecasting, internal control reviews, tax compliance, management accounts preparation and presentation for West Africa Expro Gulf Countries-Ghana, Nigeria, Ivory Coast and Senegal.• Worked with my finance controllers to achieve the target profitability position as of Dec 2018 financial close and ensured the 2019 annual budget was completed in a record time.

    • Vivo energy ghana ltd.

      Nov 2019 - now
      Financial controller
  • Licenses & Certifications

    • Acca

      Association of certified chartered accountant (acca) uk