James Nii Ofei Dodoo, ACCA

Experience

• 

  Jofed Company Limited

  Oct 2010 - May 2024

  Finance Manager

  • Oversee the financial operations of the company, including budgeting, forecasting, and financial reporting, resulting in increases in profitability year on year.• Developing and maintaining financial models to support decision-making related to investment opportunities, capital allocation, and risk management.• Conduct financial analysis, including ratio analysis and variance analysis, to identify areas of improvement and implemented strategies to increase efficiency and reduce costs.• Coordinate with cross-functional teams to develop and implement new financial policies and procedures that improved accuracy and efficiency of financial reporting.• Managed the company's cash flow, including cash forecasting and daily cash management, resulting in a 10% reduction in outstanding debts and improved liquidity.• Lead the preparation and submission of monthly, quarterly, and annual financial statements, ensuring compliance with accounting standards and regulations.• Manage the company's relationships with financial institutions and stakeholders, including investors, lenders, and auditors, ensuring open and transparent communication.• Mentor and train junior finance team members, resulting in improved productivity and a more skilled finance team. Show less

• 

  Aspen Petroleum Limited

  Aug 2013 - Jul 2014

  Accounts Officer
• 

  Sage Petroleum Limited

  Aug 2013 - Dec 2016

  • Ensured accuracy of 200+ supplier records on the Payable Ledger.• Produced comprehensive aged reports for trade and other payables• Demonstrated impressive attention to detail and commitment to fiscal responsibility• Thoroughly assessed and processed account payable (A/P) invoices and facilitated prompt payments while maximizing cash flow and fostering positive business relationships• Diligently monitored LPG stocks in Sage Ledger to ensure optimal inventory levels and timely replenishment to support smooth business operations• Improved the accuracy of Fixed Asset Register resulting in a more reliable tracking of assets worth over £200,000. Show less

  • SCHEDULE MANAGER-PAYABLES

    Jan 2015 - Dec 2016

  • Accounts Officer

    Aug 2013 - Dec 2014
• 

  Sage Trading Group (https://www.sagetradinggroup.com/)

  Jan 2017 - Aug 2021

  Sage Trading Group consists of;1. Sage Distribution Limited (Ghana)2. Sage Petroleum Limited (Ghana)3. Sage Trading DMCC (UAE)4. Petro Gulf Limited (UAE)• Prepared monthly and quarterly financial reports, providing timely and accurate data to support management decision-making and aid internal auditors.• Conducted thorough reviews of reports and schedules prepared by junior staff, identifying gaps and recommending necessary corrections to ensure accuracy and completeness of financial data.• Collaborated with cross-functional teams through a range of analytic tools to identify and mitigate financial risks, ensuring that budgets were aligned with the organisation's strategic objectives.• Maintained internal financial controls in alignment with International Financial Reporting Standards (IFRS), and compliance with industry standards.• Partnered with management to develop robust business processes and systems through automation to improve efficiency of financial reporting saving 24 hours monthly.• Maintained company general ledger, monthly close-out processes and account reconciliations with 98% accuracy leading to minimal adjustment recommendations by auditors.• Oversaw the computation and timely payment of various taxes including corporation tax, employee income tax, value added tax, among others, resulting in annual cash savings of £10,000+ which would have otherwise been paid as penalties or fines.• Developed and forecasted annual budgets, streamlining budget administration to ensure efficient and effective use of resources.• Updated and managed the chart of accounts to ensure accuracy and completeness, and liaised with auditors during year-end financial and tax audits.• Created monthly and quarterly financial review models to identify trends, anticipate potential shifts, and maximise future opportunities.• Streamlined inventory and cost management for department heads, resulting in improved budgetary oversight and cost savings of over £50,000. Show less Led a team of 4 with exceptional leadership skills and financial acumen to successfully execute all department responsibilities• Reviewed and reconciled all accounts payable, accounts receivable, and inventory ledgers with 100% accuracy, processing an average of 500 transactions per month• Compiled comprehensive monthly reports on performance across all product lines, providing key insights to aid strategic decision-making• Spearheaded a credit control campaign, leading the effort in implementing new policies and procedures that reduced the company's outstanding receivable balance by 60%• Identified areas for improvement and implemented effective solutions that drove positive results Show less

  • Accountant

    Aug 2019 - Aug 2021

  • Assistant Accounts Manager

    Jan 2017 - Jul 2019
• 

  Skanska

  Jun 2024 - now

  ● Developed and implemented the Skanska Stores Management System within the first month of joining the company, improving inventory accuracy and reducing stock discrepancies by 40%. This system has been adopted unto two of Skanska's Building Services Project. ● Generated and analysed stock reports, providing data-driven insights that resulted in a 20% reduction in overstocking and a 10% improvement in procurement efficiency. ● Maintained accurate purchase records, ensuring timely invoice payments and streamlining audit processes, which contributed to a reduction in payment delays. ● Produced monthly ERM reports on claimable items, securing an average refund of £10,000 per month from the hospital trust. ● Raised purchase orders with suppliers and negotiated reductions in stock purchase prices, optimizing the budget. ● Collaborated closely with stakeholders, improving delivery timelines through real-time vendor communication. Show less

  • Assistant Project Financial Controller

    Dec 2024 - now

  • Stores Controller

    Jun 2024 - Dec 2024