Frehiwot Teka

Experience

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  KMPF

  Aug 2008 - Nov 2011

  * Preparing year end and monthly Financial Reports* Checking cost accumulation sheet & stock position reports* Preparing forecast ed cash flow statement for new capital Purchase and Investment* Preparing standard cost & unit price for products* Checking Transit & custom payments for foreign purchase * Preparing stock position report* Reconciling stock movement with custodian* Preparing stock Evaluation reports* Preparing Vat declaration reports* Assessing Insurance polices & renewal before expiring

  • Senior cost& Budget Analyist

    May 2010 - Nov 2011

  • Cost & Budget Accountant

    Aug 2008 - May 2010
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  Fair fax Technologies LLC Ethiopian Branch

  Dec 2011 - Aug 2013

  SAP CO Consultant

  * Project participated - Derba Midroc Cement SAP Implementation Project as CO Consultant and Ethiopian shipping Lines as Finance Consultant .*Prepare and Analyze Business Process and Blue Print for Controlling module.*Responsible for business and system process design, configuration, solution design, and testing the functionality within an integrated SAP implementation.*Identify and Prepare Solution for Business Process Gaps.

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  Heineken Ethiopia

  Aug 2013 - Mar 2015

  Process Improvement Manager

  •key member of the Microsoft Navision Back Office Team responsible for delivering vital business process development and re-design within the Microsoft Navision solution (HeiLite). Develop an understanding of requirements and work with technical team members to make  Analyzing current Finance business processes and proposing best practice improvements that align with Finance and Controlling modules Working with stakeholders to define test scenarios and ensure effective testing for agreed solutions  Developing training materials as a result of enhancing the common template and delivering the training to end users  Assisting the Regional Support Team to support end users during go live and post go live and aiding the delivery of training and system enhancements Show less

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  Rorank Business Sh.Co

  May 2015 - Feb 2016

  Finance Manager

  As the Finance Manger, the key purpose of this position is to develop and execute a finance strategy that includes compliance with all statutory, governance standards and policies. Key responsibilities include:  Financial Accounting & Reporting - In charge of budgeting, forecasting & group statutory reporting processes. This includes budgets & forecasts produced within dates set by and approved by the Group and ensure financial and statutory reports are produced within set guidelines.  Management of Capital Expenditure Reporting: This entails review of capex proposals before submission for approval and monitoring of expenses against budgets.  Working Capital Management: Ensure that optimal levels are maintained as well as manage debtors and stocks to ensure minimal to nil impairment and negotiation of credit terms with suppliers.  Risk Management & Corporate Governance: Chair of the Risk Management Committee & a permanent member of the Board Audit & Finance Committee, my roles was to detect possible risks & put controls in place by ensuring minimal or nil levels of undetected theft or fraud cases.  Audit Function: Ensuring effectiveness of the audit function by conclusively and promptly addressing issues raised. Taxation: Management of tax affairs through accurate computations, timely payment of taxes and submission of returns to the tax authorities. People & system management: Coach & manage staff in financial recording, reporting & management. Other Roles & Achievements - 1)A permanent invitee to the Board meetings to present financial reports, major capital expenditure approvals & audit and internal control matters. 2)Managed external relationships with our bankers & insurers. Show less

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  54 Capital

  Mar 2016 - May 2018

  Deputy Chief Financial Officer

  In charge of overseeing the finance of 7 of the group companies & controlling and overseeing their work and improving their performance. Responsible of drafting a monthly report on the finances of the company (profit and loss statement, costing, balance sheet and cash flow statement) with the commentary on the month To work with the GMs of the 7 companies and 7 Finance Managers so that to produce a budget before the start of the fiscal year as well as a 3 Year Business Plan that will be updated every 6-months Responsible of presenting to board on a quarterly basis the results Making sure that what operating companies report is accurate, and providing the costing by product. Also control the processes Leading & follow up Vendor due diligence projects from the customer side  Show less

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  United Beverages

  Jul 2018 - Dec 2019

  Financial Planning and Analysis Manager

   Oversee and manage the daily operations of financial planning & cost control. Oversee and manage the daily, monthly, quarterly and annual reporting accuracy and timely delivery. Oversee the process of monthly forecasting and cost planning. Coordinate and manage the annual planning and budgeting process with all UB’s departments Lead the process of monitoring actual results versus planned results. Lead the consolidation process of the UB’s annual planning and budgeting.  Oversee and manage the business planning and financial modeling of the company. Oversee and manage the cost structure of core and support operations. Analyze the key drivers of the financial model of UB, including economics of new expansion strategies and ad hoc projects as well as cost behavior and direct and interpret cost audits. Improve management accounting and reporting systems and procedures and initiate corrective actions. Assign projects and tasks to direct staff. Contribute to the process of annual report production. Provide support to costing office and planning & budgeting team Mentor and coach direct reports on technical and soft skills. Take part in setting and monitoring the overall objectives of the finance department, working closely with other finance heads to ensure the achievement of same. Work closely with operations and production teams to contribute to cost planning process. Work closely with the treasury team to align the financial model with funding strategies. Participate as member of the commercial/pricing committee. Join various strategic and operational meetings to support the decision-making process. Give advice to different departments within the company. Show less

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  54 FMCG

  Jan 2020 - now

  • Direct and oversee the timely preparation of the required monthly, quarterly, bi-annual, and annual financial and management reports showing key performance indicators, trends, comments on budget variations, relevant outside information, risks and areas that require the attention of the CEO and management team• Oversee the day-to-day Consolidation operations with local team and UAE team (PnL, B/S, cash flows, ageing, management reports, flash sales reports, variance analysis, etc …)• Ensure the reliability and the financial reporting integrity• Ensure the consolidation of subsidiary accounts in collaboration with the Holding and Comply with international regulations• Controlling and facilitating the end to end forecasting and operational planning process• Developing the forecasting and operational planning process • Modelling and analyzing the forecast & actual inputs and providing meaningful output to multiple stakeholders (finance, manufacturing, purchasing) Show less

  • Group Chief Financial Officer

    Dec 2020 - now

  • CFO- HCFM

    Jan 2020 - Dec 2020