Alex Nyarko

Alex Nyarko

Credit Officer

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location of Alex NyarkoAccra, Greater Accra Region, Ghana

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  • Timeline

  • About me

    ACMA | CGMA | CA (GH) | ACITG | FMVA | BCOM

  • Education

    • Institute of Chartered Accountants, Ghana

      2016 - 2018
      Member Chartered Accountant
    • University of Cape Coast

      2013 - 2017
      Bachelor of Commerce - BCom Accounting and Finance
    • Udacity

      2021 - 2022
      Nanodegree Business Analytics
    • Corporate Finance Institute® (CFI)

      2022 -
      Financial Modeling and Valuation
    • CIMA

      2020 - 2020
      CGMA/ACMA Management Accountant
  • Experience

    • Dream Finance ltd

      Jun 2011 - Aug 2013
      Credit Officer
    • New Life Evangelistic Ministries International

      Jan 2013 - Dec 2018
      Account officer/Administrator

      Achievements:1. I successfully introduced the preparation of Annual Reports2. I introduced mechanisms for keeping proper Accounting Records3. I adopted a cost-effective approach of utilizing the funds of the church

    • Afb Ghana plc

      Jun 2014 - Aug 2014
      Internship
    • Letshego

      Sept 2017 - Aug 2018
      National Service Person (Internal Audit)

      1. Assisted in reviewing loan application forms to check compliance with Bank of Ghana KYC and AML requirements2. Assisted in reviewing documentations for loan disbursements to check compliance with operational policies3. Review of staff attendance sheet to check compliance with organizational policies4. Assisted in reviewing in the compilation of internal audit reports

    • KAP Chartered Accountants

      Sept 2018 - Nov 2020

      1. Assisted Audit Managers in preparing Audit Programmes and Methodology 2. Performed Internal Audit Assignments for our clients who are mainly in the financial sector and recommended adequate controls that will strengthen their systems of operations, thereby managing their risk exposures.3. Worked with a team of auditors to perform Risk Based Audit Assignments in accordance with International Auditing Standards (ISAs), Companies Act 2019, (Act 992), and other industry specific requirements.4. Compiled Audit Reports for internal audit assignments as well as non-audit assignments.5. Maintained proper documentations for all audit assignments6. Led exit meetings with management to discuss contentious observations, based on evidence gathered7. Reviewed work done by team members based on best practice and quality control requirementsAchievements1. I was the Lead Accounts Officer for an Insurance Brokerage Firm, whose Accounting Function has been outsourced to our firm.2. I was the Lead Auditor for one of our clients that operates a Fintech Company.3. I served on a team to audit a Rural Bank during the 2019 Statutory Audit. Show less

      • Audit Supervisor

        Sept 2019 - Nov 2020
      • Audit Associate

        Sept 2018 - Aug 2019
    • Best Western Premier Accra Airport Hotel

      Nov 2020 - Feb 2022
      Finance Manager

      As the Finance Manager I am part of Executive Management and i report directly to the General Manager and the CEO of the hotel.RESPONSIBILITIES1. Prepared annual budgets and monthly cash flows2. Maintained an oversight responsibility over Receivables, Payables, Treasury, Procurement and Inventory Management3. Championed the utilization of integrated financial accounting systems of the hotel, including Sage AccPac, Micros, Materials Control Software, Prosoft and Opera.4. Managed accounting records and financial reports of the hotel, and ensured timely and full compliance with statutory requirements.5. Managed payroll and its related expenses6. Reviewed all contracts that may affect the financial status of the hotel7. Provided financial strategies to support business growth.8. Analysed financial statements to determine the hotel’s performance, growth, liquidity and financial strength.9. Completed annual Financial Statements for Audit10. Coordinated annual Statutory Audits 11. Managed stakeholder relationships including Suppliers, Customers, Bankers and other statutory bodiesAchievements:1. Prepared a complete set of Job Descriptions for all staff in the finance department2. Achieved a financial savings of over GHS200,000 out of due diligence and prudent accounting3. Developed a scientifically based budget for the 2022 financial year4. Developed a Standard Operating Procedure for all functions in the finance department5. Contributed immensely towards the preparation of Finance, Procurement and Receivable Manuals6. Maintained an up to date records of all transactions7. Implemented measures to minimize cost in order to create value for shareholders8. Compiled an Asset Register for the hotel Show less

    • FreezeLink

      Mar 2022 - May 2024

      As the Accountant I am part of Executive Management and reports directly to the Director of Finance and the CEO of the company. My responsibilities include:1. Creating and presenting accurate, detailed financial forecasts.2. Harnessing data visualisation to drive insights through management reporting.3. Managing daily finance services for smooth business operations.4. Reducing annual business expenditures through careful expense monitoring.5. Coaching and mentoring junior staff to maximise finance department capabilities.6. Applying advanced Excel skills to efficiently analyse large data sets.7. Preparation of timely reports to meet internal and external reporting requirements.8. Supervising the preparation and filing of statutory returns.9. Supervising the processing, payment, and reconciliation of supplier accounts10. Overseeing invoice preparation, cash collection, and reconciliation of customer accounts11. Management of the General Ledger and administration of Payroll and its related expenses12. Managing stakeholder relationships including Employees, Suppliers, Customers, Bankers, GRA, SSNIT, and other statutory bodies13. Identifying and implementing process improvements to increase operational efficiency.14. Advising on tax planning strategies to minimise liabilities while maximising returns.15. Developing comprehensive policies and procedures related to finance operations.16. Conducting monthly closing activities in accordance with GAAP standards.17. Monitoring banking activity to ensure proper funds availability.18. Assisting in external audit preparation by providing requested documents in a timely manner.19. Formulation of pricing models based on market trends and competitive landscape. Show less

      • Finance and Operations Manager

        Mar 2023 - May 2024
      • Accountant

        Mar 2022 - Mar 2023
    • Transitions Ghana

      May 2024 - now
      Head, Finance and Strategy
  • Licenses & Certifications

    • Accounting Fundamentals

      Corporate Finance Institute
      Jun 2022
      View certificate certificate
    • Capital IQ Fundamentals

      Corporate Finance Institute
      Jun 2022
      View certificate certificate
    • Corporate Finance Fundamentals

      Corporate Finance Institute
      Jun 2022
      View certificate certificate
    • Excel Fundamentals – Formulas for Finance

      Corporate Finance Institute
      Jun 2022
      View certificate certificate
    • Math for Corporate Finance

      Corporate Finance Institute
      Jun 2022
      View certificate certificate
    • Professional Ethics

      Corporate Finance Institute
      Jun 2022
      View certificate certificate
    • Reading Financial Statements

      Corporate Finance Institute
      Jun 2022
      View certificate certificate
    • CIMA Affiliate

      The Chartered Institute of Management Accountants (CIMA)
      Feb 2020
    • Associate Member

      The Institute of Chartered Accountants, Ghana
      Oct 2018
    • Business Analytics Nanodegree

      Udacity
      Jan 2022
      View certificate certificate