Yungho Princely Safeh, ACCA

Experience

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  WEF PLC

  Jan 2012 - Mar 2015

  Chief Accountant

  During my stint here, I oversaw weekly and monthly reporting to DATABANK MFUND in South Africa. I served as first point of contact for all reporting requirement of AAF investment in WEP PLC. I posted accounting transactions in accounting system. I cCreated and examined monthly reports for management; set monthly/yearly budgets, while executing variance analysis vs actual performance.A few of my key accomplishments are mentioned below:• Established accounting and finance department by implementing controls around inventory to prevent loss of inventory of about 20M CFA versus last year.• Increased staff accountability for stock losses due to effective controls that prevent and detect losses every month. Show less

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  Olam

  Apr 2015 - Jun 2017

  During my time here, I built and directed the core finance team encompassing 10 persons located across India, Abidjan, and San Pedro. I also produced analysis reports to senior management team for facilitating business review and decision-making. My main duty was to drive implementation of entity level accounting policies across business operations. Furthermore, I advise senior leadership on financial and risk aspects of key strategic contracts. I examined and validated staff salaries and statutory contributions to monthly basis prior to payment release. In addition, I oversaw budget preparation and variance analysis / forecasting.A few of key accomplishments are mentioned below:• Enhanced utilization of bank facilities and ensured effective working capital management to drive down finance cost from 30M CFA per month to less than 5M CFA per month.• Recovered more than $8B CFA of cash tied in outstanding debts with customers within six months.• Diminished receivables days from more than 90 days to less than 30 days.• Prevented bad debts and enhanced performance through implementation of controls. Show less

  • Finance Manager

    Sept 2016 - Jun 2017

  • Finance Officer

    Apr 2015 - Aug 2016
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  Off.Grid:Electric

  Jul 2017 - Nov 2019

  During my time here, I enforced financial internal controls, coordinated all financial audits, and coached OPCO finance team on financial policies and procedures. I also nurtured professional relationship with financial institutions and revenue authorities. One of my main duties was to oversee new projects by crafting project plans and directing execution of plans. I also tracked and verified stock count in periodic manner to ensure proper reconciliation and reporting of stocks. Moreover, I engaged with the CEO, COO, and department heads to create annual, quarterly, and monthly cash-flow projections. I drafted, implemented, and supervised policies and procedures within GAAP and corporate guidelines / regulations for maximum cost reduction and revenue growth.A few of key accomplishments are mentioned below:• Led and mentored direct reports on financial issues, while ensuring development of staff to deliver job expectations.• Chaired weekly core team meetings and monthly performance review meetings.• Piloted deployment of Oracle (NetSuite) in Nigeria and Ghana.• Redesigned and implemented various SOPs across accounting and finance functions. Show less In this role, I authored all the paperwork for facilitating incorporation and incorporating company in Ghana and Nigeria. Furthermore, I formulated and executed accounting and finance processes for the new entity. I also fostered a relationship with company lawyers, tax advisers, and auditors during and after incorporation. I was accountable for hiring and training a finance manager and accountant for the new entity. Lastly, I set up accounting and finance ERP (Oracle NetSuite) encompassing a chart of accounts, classes, departments, and general ledgers.A few of my notable accomplishments are:• Established group-wide expansion finance workstream; replicated across all group companies.• Implemented process for enhancing management reporting.• Created and implemented finance processes to set up finance department, assemble high-performing team, incorporate new entities, craft finance playbook, strengthen internal controls, and build business models. Show less

  • Finance Manager

    Jul 2017 - Nov 2019

  • Expansion Finance Manager

    Jul 2017 - May 2018
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  GBfoods Africa

  Dec 2019 - Jun 2022

  Regional Finance Business Partner / Controller

  In this role, I govern financial control as per organizational policies, while rendering management information and advices for comprehensive analysis of business evolution. One of my main duties is to devise and deliver robust commercial procedures, while initiate positive changes to accomplish key operational, commercial and financial goals. Furthermore, I communicate weekly, monthly, quarterly, and annual rolling forecast for all Africa business units. I also administer P&L, balance sheet / balance sheet schedules, board materials, monthly management reports, working capital report, and cash flow. I am accountable for examining and controlling expenses, cost structure, and other variables that impact margins and profitability of business. In addition, I lead and coordinate analysis and resolution of inquiries from Business Unit on economic-financial impact of commercial or marketing projects / decisions.A few of key accomplishments are mentioned below:• Enhanced impact and efficiency of financial reporting on overall business performance.• Modelled business cases to forecast commercial viability of key investments and other commercial activities.• Revamped finance processes and streamlined controlling activities by closely collaborating with Managing Director and other directors. Show less

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  Mastercard Foundation

  Jul 2022 - now

  Country Finance Lead

  Strategic collaboration with Country Director and Project Leads to drive initiatives that enhance financial inclusion for underserved communities and expand educational opportunities for youths. Key focus areas include:-Access to finance-Agriculture and related sectors-Education-Innovation