Douglas Ngharamike

Experience

• 

  Guinness Nigeria

  Nov 2008 - Jul 2017

  Financial Reporting• General oversight on underlying financial information and general ledger management.• Responsible for the preparation of the Company's Quarterly and Annual Financial Statements and holds the responsibility of presenting the financial statements to the Board of Directors for approval.• Liaises and provide support to other finance functions such as tax and treasury to address financial reporting issues that are peculiar to their operation within the Company.• Carries out other functions that impact on financial reporting/financial information of the Company such as the periodic review of the impact of the International Financial Reporting Standards (IFRSs) and Annual Statutory Audit.• Performs business performance analytics using a wide range of indices and communicates key observations to the Board as well as recommending remediation plans in areas of sub optimality.• Provides key stakeholders within the business, industry information and analytics for planning and performance improvement purposes. Regulatory Compliance• Responsible for the compilation of relevant financial information with local financial market regulator; Security and Exchange Commission, (SEC) and the Nigerian Stock Exchange (NSE).• Ensures compliance with all statutory filling and regulatory requirements including compliance with the Financial Reporting Council of Nigeria Act. Show less -Engage with Stakeholders/Senior Managers in the business to ensure Decisions are made with full understanding of the financial implications.-Provide financial and commercial inputs to investment/resource allocation decisions-Responsible for pre and post investment appraisal of the effectiveness of A & P, GAME and Commercial Planning and Sales Initiatives-Assess Effectiveness of A & P and Spend Control in line with CARM requirement.-Pricing and Margin strategy and process management-Provide Decision Support as a business partner creating effective relationships with other functions -Deliver appropriate financial analysis on a project by project basis-Support budget holders with budget generation / analysis of spends to date and forecast spends.-Carry out insightful review of key launches and existing core brands which identifies risks/opportunities to maximize performance/ initiate course correction where appropriate and monthly Brand Performance Report.-Brand health analysis and insightful commentaries.Achievements:-Supported the successful launching of our characteristic Innovation brand-Orijin alcoholic beverage nationwide. Show less -Responsible for General Ledger Management-Reporting of Statutory Analysis of Cost of Sales and Overheads.-Reporting of Finance Lease Commitments.-Responsible for Memorandum Overheads analysis of Functional Costs with Supply COGS-Responsible for providing information on Fixed Assets in the Annual Report.-Provided Management support on CAPEX Additions returns to Federal Ministry of Trade & Investment.-Processed the Acceptance Certificate for the claims of Capital Allowance.-Insurance Value Reporting of Fixed Assets Balances.-Insurance declaration on properties and business interruption.-Ensured Fixed Assets accounts are fairly stated.-Managed and coordinated Annual Fixed Assets verification-Reviewed, as appropriate, Fixed Assets Lives and recommended for assets re-life.-Responsible for Annual Depreciation forecasting.-Tax analysis of Fixed Assets, preparation of Fixed Assets Tax Packs and Query Resolution.-Contributed ideas, energy, enthusiasm and support to the continuous improvement of the ‘The Record to Report’ process.-Coordinated month-end and year-end close processes.Key Achievements: -Hero of the month award in January 2013 -Secured 100% CAPEX additions return approval from the Federal Ministry of Trade and Investment in 2011, 2012 and 2013. -Obtained 100% Acceptance Certificate for CAPEX additions- 2011, 2012 and 2013. -Conducted satisfactory site inspections of our CAPEX additions and assets under construction by Abuja inspectorates of the Federal Ministry of Trade and Investment for 3 years. Show less -Prepared and issued Capital Expenditure Statement periodically-Managed the approval and set up of projects in SAP.-Managed prompt processing of all CAPEX requests in SAP-Prepared CAPEX reports that fed into the monthly Business Performance Management report and Cash flow Statement.-Responsible for Fixed Asset master data management and supports RTR Shared Service team, Manila.-Maintained Diageo policy on fixed assets / project accounting and ensured compliance.-Supported the Financial Accounting Manager on Financial accounting and reporting Show less -Monitored and reported daily and weekly cashflows.-Responsible for monthly Interest expenses and Incomes forecasting.-Related with Diageo Share service centre (SSC), Manila on issues arising from transaction MT940 transmission to banking clearing.-Monthly reconciliations of Treasury-related Accounts and Schedules.-Monitored bookings and liquidations of Investments with banks.Processed interbank fund transfers on need basis.-Verified transactions in bank statements, interest charges and COT.-Proposed manual journals for posting in SAP.-Ensured timely receipt of interest on Letter of Credit.-Investigated overdrawn Letters of Credit in Conjunction with Suppliers and Banks.-Supported Diageo Share Service Centre on manual upload of failed transmission. 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  • Statutory Accounts and Reconciliation Manager

    May 2016 - Jul 2017

  • Marketing Innovation Finance Manager

    Feb 2014 - Apr 2016

  • Fixed Assets Manager

    Mar 2013 - Jan 2014

  • Financial Accounting Manager

    Mar 2011 - Mar 2013

  • Bank Reconciliation Manager

    Aug 2010 - Mar 2011

  • Financial Accounting Officer

    Dec 2009 - Aug 2010

  • Banking Manager

    Jun 2009 - Dec 2009

  • Banking Officer

    Nov 2008 - Jun 2009
• 

  Chykky-Beta Nigeria Limited

  Aug 2017 - Jun 2019

  Financial Controller

  Key responsibilities:-Oversee financial and accounting operations-Develop financial strategy and guide actions to enhance organisational performance-Share the organisation’s visions and help to achieve it.

• 

  DANGOTE SUGAR REFINERY PLC

  Sept 2019 - Mar 2022

  • Provide overall leadership/direction for the proper management reporting on performance of the company.- Produce timely and accurate management reports in line with International Financial Reporting Standards (routine monthly and adhoc reports).- Prepare the outlook financials and analysis through the monthly outlook process- Prepare company quarterly and annual performance presentations for the Board and Board committees an- Carry out periodic analysis of financial information to assist business profitability and growth.- Review accounting processes and practices and improve where necessary to ensure efficient financial operations.• Coordinate company annual budget process and submit budget for Board approval.- Prepare company annual budgets (P&L, balance sheet and cashflow and support schedules) in line with company annual corporate strategy for Board approval. - Produce annual budget templates and budget instructions for use by responsible budget holders.- Leveraging company’s ERP (SAP) to ensure achievement of annual budgets through effective financial, budgeting and budgetary controls over direct/indirect costs and inventory management.• Provide effective business partnering and decision Support- Provide financial evaluation for all capital expenditure that meet specified threshold.- Establish cost control and accurate reporting through analysis of data from the PM module & others- Ensure adequate budgeting and forecasting for each division in the company.• Drive accurate financial reporting of supply chain operations- Prepare and report on inventory financial KPI's to drive improved efficiency in inventory holding and handling.- Establish and deploy weekly exception reports on inventory (including WIP) that ensure financial control over SKU valuation, Goods in Transit, timely quality inspection, goods receipt, etc.• Provide direct supervision to the stock and cost accountant and the budget accountant. Show less • Lead the business performance agenda within Dangote Sugar Refinery Plc, providing concise, quality management information on key business drivers.• Provide financial analysis and support for Dangote Sugar Leadership Team.- Prepare Monthly Performance Report, Outlook financials and analysis, Board presentations and Annual Budget coordination, Strategic Business Performance projections and Forecasting.- Converting financial reporting into analysis and insights for Top Management and the Board.- Proactive and insightful commercial analysis of business performance issues and opportunities.• Lead Finance Partnership and Decision Support to Sales & Marketing and Supply Functions.• Lead Cost Savings and Net Revenue Management Optimization Agenda for the Business.• Team Lead for Business Object Implementation (Business Warehouse) Project.• Oversee and ensure high quality periodic external reporting is achieved.• Management Accounting & Reporting- Carried out Management Accountant’s functions within the specified periods in acting capacity.• Investor Relations Management & Reporting- Proactively managing all the stakeholders to ensure accurate and timely input into the Investor Relations reports and presentations.- Prepare quarterly and annual financial performance reports and present it to investors and analysts during IR teleconference calls and webcast events.- Facilitate engagement between Company Leadership and Institutional Investors & other Investment community stakeholders through conferences and roadshows (e.g. Active participation at the 2021 African Investors Conference organised by the Standard Bank Group among others). - Prepare and publish quarterly earnings press releases with facts and story behind the numbers. - Manage relationships with investors, equity research analysts, stockbrokers and various Stakeholders.- Research into peer company performances while providing performance analysis for benchmarking company performance. Show less

  • Management Accountant

    Dec 2021 - Mar 2022

  • Financial Analyst/Investor Relations Manager & Ag. Management Accountant (Oct 2021 - Dec 2021)

    Sept 2019 - Dec 2021
• 

  TRANSAFAM POWER LIMITED ( A TRANSCORP PLC COMPANY)

  Apr 2022 - now

  Chief Finance Officer

  To plan, implement, manage and control all financial-related activities including thedevelopment of financial and operational strategies to achieve a cost-effectiveutilization of Transafam Power Limited’s financial resources and maximize returnon investment.