Agbor E.

Summary

I am a seasoned finance professional with more than 12 years of demonstrated working experience in Finance and accounting. Experience gained within the accounting, mining, and energy sector from exploration through construction and full operations, while effectively executing, supervising, and managing complex transactions in project finance and asset management, ensuring proper communication of financial information following on-time financial analysis and planning, with a strong focus on Budgeting and cash forecasting. I have proactively provided support at all levels with the company in my current and previous roles. I have facilitated the migration from one ERP to another ensuring appropriate support is provided to the technical teams for a smooth go-live, contributed to improving the financial growth of the companies I have worked in.

Experience

Financial Planning & Analysis Manager
GLOBELEQ Cameroon Management Services (GCMS)
Cameroon
June-2017 - Present

GCMS is a subsidiary of GLOBELEQ group and the leading independent power producer in Cameroon operating a total of 304MW power plants and developing power projects through subsidiaries Dibamba Power Development Company (DPDC) and Kribi Power Development Company (KPDC)

• Reporting to the Chief Financial Officer
• Financial reporting in both IFRS and SYSCOHADA
• overseeing budgetary control of transactions and helping Managers with their budgets while preparing scenario analyses as required by top management.
• Train team employees
• Supervise variance analysis and contribute to annual budget and annual business plan preparations as well as financial model updates and developments.
• Prepare and present management reports as well as group monthly forecasts

Management Accountant
GLOBELEQ Cameroon Management Services (GCMS)
Cameroon
April-2016 - June-2017

• Reporting to the Financial Controller
• Preparing the group reporting pack while performing variance analysis and monitoring timely and quality payments to third parties.

Achievements:
• Improved the cash flow position and visibility significantly after identifying ERP system weaknesses and developing an Excel system to manage accounts payable from invoice reception through to payments and end to end financial analysis
• Accelerated weekly reports production time from as long as three days to minutes by developing reporting tools to upgrade the cash flow management process
• Helped clear nearly $3m in transactions in suspense since 2008 and improved subsequent report reliability and confidence by analysing key accounts for all three group entities and providing suggestions for improvement which were approved and incorporated
• Improved the closing process and enhanced reports by preparing and updating records, adjusting the filing system and developing a closing calendar which ensured all key month end transactions were prepared and recorded while enabling improvement feedback
• Cut the time necessary to prepare both financial and variance reports by improving variance analysis and financial reporting files
• Developed and implemented a petty cash and imprest system thus reducing fraud risks

Finance Manager
C&K MINING INC
Cameroon
May-2015 - March-2016

• Reporting to the Chief Financial Officer
• Overseeing accounts operations
• Management reporting and budgeting
• Auditing and tax accounting and general administration
• Oversaw monthly, quarterly, bi annually and year- end financial statements, payments, and cash flow management reporting for submission to senior management
• Participated in CAPEX reviews and ad hoc CAPEX investment evaluations
• Oversaw tax compliance and prepared and ensured the timely declaration of tax returns such as payroll tax, withholding tax, monthly income tax, and social security declarations

Achievements:
• Bank relationship management, by ensuring timely loan repayment avoiding late repayment penalties
• Reduced overhead costs 25% by renegotiating certain lease contracts and questioning site managers during month end variance analysis meetings
• Cut double payment errors and follow-up significantly by improving supplier cost and payment tracking.
• Cut interest costs 8% from previous years by insisting on just in time payments to improve the treasury situation.
• Saved nearly $2.5m and avoided future harassment from tax officials by liaising with tax consultants to re-evaluate the company's tax situation and subsequently follow up on a timeline to clear off the debt with the tax officials.

Chief Accountant
C&K MINING INC
Cameroon
December-2011 - May-2015

• Reporting to the CFO
• Overseeing mining site financial activities while managing the financial reporting process including monthly and statutory accounts
• Prepared statutory bi-annual, annual and quarterly accounts while leading a four-member finance team and managing four accountants and a procurement team at each mine site
• Ensured compliance with taxation obligations including personal income tax, income tax and withholding taxes

Achievements:
• Oversee the Finance and Accounting department of a $50M Mining Business in Cameroon
• Development of Finance and Accounting Procedures of the group in Cameroon
• Implementation of SAGE 1000 software
• First time adoption of IFRS
• Improve month end close process from 1 week to 2 days after cut off by strict application of Closing checklist adopted to diagnose closing issues and improving procedures.
• Slashed diesel cost 35% by negotiating a five-year contract with petroleum distributor TRADEX to directly deliver diesel to mining sites.
• Cut the monthly management accounts submission date from two weeks to three days after end of month and improved accounts accuracy by enforcing a strict closing deadline calendar.
• Improved budgeting and accountability by leading a team of finance and non-finance staff to separate costs and apportion some Head Office costs to sites.
• Saved about $25k each month renegotiating contracts with key hotels, car rental services and restaurants following ratio analysis of increased travel, hotel and entertainment expenses.
• Cut customs clearance and transportation costs 14% ($70k for transporting goods and a further 20% discount on customs clearance fee) comparing supplier costs and replacing suppliers as needed.
• Clarified expenditures approvals and expense codes by liaising with the procurement department to establish an Excel system to track and manage suppliers from selection through to issuing a purchase order.

Accountant
C&K MINING INC
Cameroon
June-2010 - December-2011
Accountant
CABINET MINALA BARTHELEMY
Cameroon
November-2007 - May-2010

• Reporting to the Managing Partner
• Preparation of end of year financial statements and Tax return reports of companies;
• Fiscal control;
• Preparation bank reconciliation statements;
• Assist in audit and internal control missions;
• Assist in inventories and annual of control of accounts;
• Participate in preparation of business plans;
• Assisted in the setup of the accounting and internal control system of SMEs;
• Review and analysis of end of year inventory of fixed and current assets;
• Assisted in the filling and review of tax returns, including payroll review and calculations of payroll taxes and social security charges of SMEs;
• Assisted in financial forecasting and budgeting preparation of clients.

Achievements:
• Develop excel file templates for clients to automate the Preparation of Journal Entries and Monthly Reporting package, thus gaining time to focus more on analysis of company actuals.
• Assisted in the preparation of Audits and Varied Fiscal Reports.
• Oversaw company’s audit process of some clients and liaise with Co-auditors by arranging for a convenient time for audit, and follow up on respect of deadline for submitting reports

Education

Chartered Global Management Accountant (CGMA)
AICPA/CIMA
United Kingdom
March-2011 - December-2014

Professional Certification in Management Accounting

Associate Chartered Management Accountant (ACMA)
CIMA
United Kingdom
March-2011 - December-2014

Professional Certification in Management Accounting

Masters Degree, International Finance
International Relations Institute of Cameroon (IRIC)
Cameroon
August-2007 - November-2011

Masters degree

Acountancy
University of Buea
Cameroon
September-2004 - July-2007

Bachelors degree