RIDHIWAN MWAFUJO (CPA-T), CIFRS

Experience

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  FINCA Microfinance Bank Ltd, Tanzania

  May 2013 - now

  Management Accountant

  •Preparation of all weekly, monthly, quarterly, semiannual and annual regulatory report (Financial statements) and ensure compliance with Banking and financial institutions, BoT regulations, IAS and IFRS.•Overseeing the accounting activities of the company at head office and across all branches and ensure compliance with accounting standards (IFRS and IAS)•Developed procedures and prepared financial statements for the monthly accounting cycles of FINCA Tanzania for use by the bank’s management, regulatory authorities, and external auditors.•Preparation of quarterly, annual audited accounts (financial statements) and Group reporting pack as per the group criteria on time.•Supervision of Internal and External audit and manage to get clean reports.•Preparation of Company Budget, constantly monitoring and control the budget performance.•Prepared budget reports for potential investors and provided clients with asset management and financial investment advice.•Assist in preparations and review of the company strategic plans and constantly advise management on the plans.•Manage and implement the costing system in the finance function in line with the Accounting policies and procedure.•Preparation of financial projections, controls and monitor all the company’s products in line with the accounting policies and procedure.•Preparation of monthly and analyzed Branch profitability reports (Income & expenditure) ,analyses, advice loss making branches and follow up on the strategies to improve them to profitable branches.•Preparation of management reports as required by Finca Tanzania management, Board, external parties•Preparation of quarterly board reports.•Monitored reconciliations between accounting systems; reduced improper trade bookings by 80%.•Knowledge with FINCA ALCO pack, Board Pack, and other corporate reports (Vintage). •Developed a Finance IT capacity to support systems implementation and information needs.In collaboration with IT team Show less

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  FINCA Microfinance Bank Tanzania

  Jan 2017 - now

  • Chief Accountant

    Dec 2018 - now

  • A.g Chief Accountant

    Jan 2017 - now