Edward Sila

· Created and presented accurate, detailed financial forecasts.

·Recommended financial solutions to corporate management based on detailed financial analysis.

· Generated annual budget forecasting information for executive and corporate reports.

· Monitored and reported budgetary discrepancies to corporate senior management to maximise reporting efficiency and finalised spending plans.

· Organised and carried out month-end, quarterly and year-end processes.

· Designed dashboards to enhance Business Intelligence and KPI reporting.

· Harnessed Microsoft Power BI data aggregating, analyzing, visualisation and sharing tool to drive insights and improve management reporting.

· Reduced annual business expenditure by 15% through careful expense monitoring using Qlik sense thus empowering business management at all skill levels to make data-driven decisions.

· Led finance transformation projects such as Budgeting automation in Prophix and new ERP system to reach company growth goals.

· Developed strategies and initiatives to increase profits and cost savings.

· Analysed all purchase price variances, resulting in over $20M cost savings on cost of sales annually.

· Facilitated strategic decision-making by producing monthly costing and balanced scorecard reports.

· Developed tools to manage and control inventory cost performance, increasing profitability by 10% to 20% on each brand.

· Analysed monthly reporting to reconcile production operations and general ledger.

· Cooperated with senior managers to create operating budgets and initiate financial planning.

· Championed improved accounting systems, controls and compliance processes to meet business needs and maximise effectiveness of operations.

· Created periodic reports comparing budgeted costs to actual costs.

· Maximised profitability by calculating, reporting and interpreting stock valuations, using standard cost method.

· Assessed business profitability over time by conducting detailed margin analysis.

· Performed variance analysis, determining root cause of variances with 100% success.

· Prepared Landed cost estimates, margin analysis and Value chains, cannibalization and P&L for new products and innovations to support decision making.

· Developed financial feasibility for CAPEX spend, updated CAPEX Budget in Prophix for depreciation calculation and tracking spending patterns as well as identified potential issues, and outlined projections for future budgeting.

· Maintained fixed asset register and prepared monthly fixed asset additions and disposals report for spend tracking.

· Coordinated with Finance Director and external auditors during annual statutory audits.

· Coached, mentored, delivered training and development to 12 junior finance team members for career progression and best practice improvements.

· Handled supplier invoices from receipt through to timely payment.

· Verified invoice and expense claims' accuracy ahead of processing.

· Generated accurate forecasts and month-end accounts.

· Communicated with vendors and to facilitate timely payments and reduce outstanding accounts payable to less than 2%.

· Supported preparation for annual audit process.

· Identified cost savings by analysing processes and expenses.

· Completed financial reports for management and stakeholders.

· Performed supplier account reconciliations and ensured supplier accounts are up to date

· Provided monthly forecasts and schedules on cash outflows to Treasury accountant.

· Lodged tax returns and VAT filings with iTax

· Worked closely with Financial Accountant on ensuring all fixed assets are capitalized.

· Met deadlines by managing workload independently.

· Developed records storage and maintenance for improved audit reliability.

· Compiled general ledger entries on short schedule with 100% accuracy.

· Led implementation of new ERP system, offering training and coaching to team of twelve.

· Coordinated record-keeping for compliance, tax preparation and external audits.

· Built positive relationships with stakeholders, strategically managing their expectations.

· Evaluated payment practices reporting to maximise regulatory compliance.

• Prepared, reviewed, analysed and finalized cost estimates and budget proposals, in terms of staff and non-staff requirements.
• Reviewed, analysed and provided advice on programme budget/financial implications to the CITES Secretariat in light of additional mandates.
• Provided support and advice to managers in the elaboration of resource requirements for budget submissions.
• Provided advice and support to relevant expert bodies and governance structures associated with the Convention and the MIKE Programme in their budget review; assisted in securing approval from the CITES Parties.
• Prepared allotments, including redeployment of funds when necessary, ensuring appropriate expenditures.
• Monitored budget implementation and recommend reallocation of funds as necessary.
• Monitored expenditures to ensure that they remain within authorized levels.
• Reviewed requisitions for goods and services to ensure (a) correct objects of expenditure have been charged, and (b) availability of funds.
• Administered and monitored extra-budgetary resources, including review of agreements and cost plans, ensuring compliance with regulations and rules and established policies and procedures.
• Prepared budget performance submissions.
• Prepared and reviewed budget performance reports and provide advice on the finalization of these reports, analyzing variances between approved budgets and actual expenditures.

· Assisted financial Accountant by ensuring financial compliance for all processes

· Streamlined service levels, quality, KPIs and targets through close engagement with stakeholders and Operating Centre

· Responsible for Payments on Time (POT); First Pass Yield (FPY) and Purchase Order Compliance (POC) in respective countries

· Processed supplier finance and intercompany transactions

· Ensured correct, timely financial provisions and accruals are taken (sign offs as per SOA)

· Provided support during annual statutory audits

· Maintained good relations with banks and follow up on queries raised to enable smooth flow of transactions

· Supported in clearing of Bank open items on weekly basis

· Supported Tax Accountant with information required for Withholding Tax payments remittances

· Processed GTES claims for employees

· Assisted Overheads Accountant in ensuring that all costs are accurately reflected.

· Responsibilities: Assist with ensuring that day- to - day operations, experience with Accounts payable within government compliant environment

· Ensured accuracy of daily processing of accounts payable transactions for all raw materials and packaging

· Document and verify incoming invoices and post them into accounting system daily

· Correspond with Vendors and address their inquiries as well as providing them with remittance advice

· Reconciled accounts payable transactions.

· Developed business, financial and analytical skills by working with multidisciplinary teams.

· Produced high-quality spreadsheets and presentations for internal and supplier-facing needs.

· Collaborated in professional team to solve workflow issues.

· Addressed incoming requests for information, inquiries, and complaints.