Penn Muluh E.

Experience

Financial Controller
Diageo - Guinness Cameroon, West and Central African Market
Cameroon
November-2016 - Present

 Member of the Finance Leadership team (FLT) providing strategic leadership on the P&L, detailed balance sheet
deep dive reviews and the Cash flow enhancement.
 Support the Finance Director in leading discussions on strategic commercial financing and strategic planning and
budgeting in other to drive sales, customer portfolio development and overhead productivity(cost efficiency scheme)
 Lead End to end external business partnering by ensuring the compliance with the Know your business partner
(KYBP) process for both vendors & customers and also strengthen the customer service activity.
 Ensure Control Assurance and Risk Management agenda are well embedded into all financial transactions and
monitor compliance as per company guidelines.
 Lead internal and external Audits for the business and ensure all audit issues raised are either resolved accordingly
or agree on clear action plan as remedial solution.
 Lead and manage both treasury and taxation operations for the business why synchronising with group treasury and
tax team.
 Lead and coordinate back office operations of Accounts Receivable, Accounts Payables, Treasury, Taxation
payments, Management Reporting, Budgeting and Risk Management with shared service centres of Budapest, India
& Kenya, implementing & streamlining operations and procedures that enhanced productivity hence cutting costs
and providing more value support to the commercial agenda of the business.
 Finance Project Management lead in transforming and stream lining procedures and reporting systems.
 Guide team to establish goals and objectives for each year and monitor, advice and coach on the progress to enhance
the professional development of staff.
Achievements
 Finance lead for Capital investment of £20M. Being investment for brewery capacity expansion
 Successful Aligned Diageo Reporting systems to OHADA reporting SAP software.
 Successful close 2011 to 2014 tax audit and reducing the claim paid from £300M to £2M.
 Lead the transition in the automation of the PTP process and synchronisation with world best practice.
 Lead the transition of streaming and integrating back office transactions with Diageo Enterprise Operations Bangalore.

Chief Accountant
Diageo - Guinness Cameroon, West and Central African Market
Cameroon
July-2014 - October-2016

 Lead and ensure an accurate and timely monthly, quarterly and year end close and monitor compliance with IFRS
and OHADA accounting policies and procedures.
 Review all manual journal entries for accuracy.
 Co-ordinate and lead balance sheet review to ascertain accurate balance reporting and take corrective action for
issues identified.
 Responsible for statutory financial reporting with external auditors KPMG and support Tax Audit with Tax
authority.
 Lead and ensure that Control Assurance and Risk Management agenda are well embedded into all financial
transactions and monitor compliance as per company guidelines.
 Lead & coordinate with Shared Service Centre (SSC) of India, Nairobi & Budapest to ensure that agreed timelines
and service are delivered on time especially on payment or intercompany vendors.
Achievements
 Successful 2014, 2015 and 201 6 year end close of Annual statutory audit with all issues raised by the auditors
closed.
 Designed, mapped and translated IFRS management reporting in OHADA Statutory Reporting in SAP hence
reducing from 90 days to 30 days the time to produce year end statutory financial statements.
 Green quality rating after four and a half years in red by resolving and clearing aged bag log of intercompany
debt.
 Increase net P&L profit by £1.35M in 2014 & 2015 through thorough Balance sheet review.
 Transformed month end, quarterly & year-end close data quality red rating to green by overhauling in market
finance processes and synchronising it with share service processes.

Commercial Finance Manager
Diageo - Guinness Cameroon
Cameroon
August-2013 - June-2014

 Support the commercial teams in driving business strategy by growing Volumes and Net sales revenue (NSV).
 Support the Finance Director by being the key finance lead in driving business strategy.
 Review and challenge Volume, NSV, COGS, A&P, Overheads and cash flow figures to ensure that they are in line
with the business performance ambition.
 Coordination and preparation of the BPM Packs to drive business performance reviews and follow through course
correction actions.
 Responsible for coordinating the preparation of Flash & Actual P&L’s and cash flows with insightful commentaries
that gives a clear view of the current business performance
 Responsible for coordinating the preparation of Opportunity and Risk (O&R) in other to drive business performance
so as to deliver on business ambition.
 Work to ensure all items in the Finance Director checklist of key controls relating to BPM are rated green.
 Ensure that no audit issues are raised relating to the BPM Pack
Achievements
 Generated NSV growth of +15% through the streaming lining of commissions and incentives linked to volume sold.
 Supported commercial team in the selling of One Million Hectolitre of Guinness. A mile stone in the history of the
business.
 Generated 20% cost reduction in 2014 fiscal year through coordination and implementation of priority base budgeting.

Internal Audit Manager
First Asset Management (FAM) PLC
Cameroon
May-2013 - July-2013

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 Setup systems that provides reasonable assurance that risk management, control, and governance systems are
functioning as intended and will enable the organisation's objectives and goals to be met
 Evaluates information security and associated risk exposures
 Lead and coordinated the Evaluation of regulatory compliance program with consultation from legal counsel
 Evaluates the organisation's readiness in case of business interruption
 Teams with other internal and external resources as appropriate
 Engages in continuous education and staff development
 Provides support to the company's anti-corruption & fraud programs.
Achievement
 Design the set up and implementation of the control systems to meet regulatory standard hence enabling the business
to obtain necessary regulatory clearing and regulatory licences

Senior Auditor
OKALLA AHANDA & Associés
Cameroon
June-2012 - April-2013

 Prepared reports on audit assignments for the review of the Audit Manager.
 Assist the Audit Manager in the analysis and providing commentary on client financial statements.
 Assist the Audit manager in preparing an audit opinion on clients’ financial statements
 Prepared tenders for clients for the review of the Senior Audit Manager.
 Assist Clients in Fraud and Internal control investigations.
 Assist clients in the preparation of their tax declarations and DSF
 Assess clients systems and internal control mechanism and recommend changes where possible especially
complying with SOX 404 requirements.
 Performed effectiveness testing on internal controls of clients’ financial statements.
 Animate seminars on various business themes according to client’s demands and most especially on OHADA
Accounting and Finance Law.
 Participate in audit assignments with companies ADDAX Petroleum/SNH, Louis Dryfus Commodities, and CamairCo. STUC DRC, projects finance by World Bank , African Development bank, and Plan International.

Assistant Accounts Payable Controller
Blue Arrow, London – UK
United Kingdom
November-2009 - October-2011

 Ensuring the effective and efficient processing of supplier invoices.
 Maintaining firm and friendly relationships and communications with suppliers.
 Maintaining payment cycles, identifying creditors falling due.
 Accurate posting and allocation of payments made.
 Month end routines closing, including analysis.
 They handle queries from suppliers, resolving queries, reconciling statements.
 Analysis of taxes relating to various invoices and preparation of tax returns for declaration to HMRC.

General Accountant
Afriland First Bank
Cameroon
November-2006 - July-2008

 Prepares monthly statements by collecting data; analysing and investigating variances; summarizing data,
information, and trends.
 Monitor the company’s Fixed Assets Register and ensured accounts are accurate with accurate depreciation applied.
 Ensure Compliance with tax filing requirements by ensuring that tax declarations adhere to the requirements and
regulations
 Reconciliation of sub-ledger Accounts and analysing monthly Financial Reports of Branches.
 Reconcile foreign accounts domiciled in foreign banks
 Monitor & ensures all payments made by the treasury are in compliance with treasury procedures
 Ensure that foreign currency transaction risk coverage procedure are respected
 Ensure that the treasury respect anti money laundry policies when authorising SWIFT transfer of fund
 Review and ensure that the procedure to set up daily exchange rates for buying and selling of foreign currencies are
respected.
Achievement
 Led and deliver the Implementation of the Accounting Control and Assurance systems for the branches in the
Littoral & the three Northern Regions of Cameroon.

Education

Accounting and Finance
University of Northampton
United Kingdom
September-2011 - October-2012

Masters of Science (M.Sc) in Accounting and Finance

Accounting and Finance
Association of Chartered Certified Accountants (ACCA)
United Kingdom
June-2009 - August-2011

Association of Chartered Certified Accountants (ACCA)

Accounting and Finance
University of Buea
Cameroon
October-2002 - August-2005

Bachelor of Science (B.Sc) in Accounting, Second Class Honours Upper Division, GPA 3.14/4.