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Acpa Bernard Kagombora is a seasoned finance professional with extensive experience in financial management, budgeting, and accounting. He holds a Master of Business Administration (MBA) degree from the University of Wales, Cardiff, and is a Certified Public Accountant (ACPA) with The National Board of Accountants & Auditors Tanzania. With over 10 years of experience in various finance roles, including Finance Manager at Panafrican Equipment Group and Aggreko Energy Rentals Tanzania Limited, he has developed a strong expertise in financial planning, budgeting, and analysis, as well as leadership and team management.

Credentials

  • Certified Public Accountant - ACPA (T)
    The National Board of Accountants & Auditors Tanzania.

Experience

  • Panafrican Equipment Group
    • Dar es Salaam, Tanzania
    • Finance Manager
      • Dec 2022 - Present
      • Dar es Salaam, Tanzania

      - Manage the Company's Finance & Administration Department (10 direct reports).- Preparation of entity's annual budget and presenting to the GM & Group CFO. Approx $15m Revenue & $3m Opex.- Preparation of Monthly Management Accounts & Provide business performance Analysis to the GM.- General ledger Management, ensuring accurate accounts are prepared as per IFRSs, by the Team.- Monthly Balance sheet accounts reconciliation review, ensuring they are updated & correct. Ensuring Inter Company AR & AP are reconciled and updated.- Lead all external Audits and working closely with the external Auditors, including FS preparation.- Lead all TRA Tax Audits & ensure Tax and all statutory compliance. (Reduce tax liabilities).- Cashflow planning & treasury management. (Receivables, Payables, Inter Company, forex, bank, loans).- Supervise and ensure all internal controls are adhered to (from Fixed Asset, Inventory, P2P, DOA Matrix),- Contracts Management, negotiation and review. (Suppliers, Customers, Legal, Admin).- Provide leadership, guidance and appraisal to the Finance team.

    • Finance Manager -Tanzania
      • Jun 2020 - Nov 2022
      • Dar es Salaam, Tanzania

      - Ensuring timely production of management reports & Variance analysis (working capital, Ops KPIs)- Accurate monthly forecasting process in P&L and Balance sheets for the Tanzanian Business.- Ensuring accurate financial accounting & GL management (GL recons, postings) as per IFRSs,- Preparation, compilation & presentation of the annual budget (Average $10m in Revenue, $5m Opex, $3m Capex) to the East African Management.- Monthly BS reconciliations review ensuring all gaps & pending items are closed, schedules are updated.-Management of receivables, payables, inventory and Fixed Assets.- Ensuring adherence of all internal controls processes and procedures (P2P, DOA, Supplier onboarding, Customer credit limits, due diligence, FCC, Bank mandates)- Assist in in implementation of financial & ERP systems.- Tax management & compliance (Lead Tax audits, on time Tax fillings, & compliances). - Responsible for Managing internal & external audits. Preparation of Annual Financial statements liaising with the external Auditors.- Cashflow Management and forecasting, a balance between Expected collections and payments.Key Achievements- Successfully Lead Multiple Tax Audits & manage reduce tax liabilities up to 70% from the initial findings.- Involved in enrolling multiple ERP systems in the company.- Successfully lead the Finance Department to consecutive on time Filling of the Financial statements.

    • Finance Manager - DZ Card (Africa)
      • Aug 2019 - May 2020

  • Achelis Group
    • Dar es Salaam, Tanzania.
    • Senior Accountant
      • Jan 2015 - Aug 2019
      • Dar es Salaam, Tanzania.

      - Ensuring the accurate and complete accounting, reporting and Internal control systems are functioning correctly.- Providing advice and corrective actions in response to Audit & other queries to ensure adherence to the organizations financial rules and regulations.- Preparing & verifying bank payments and ensuring that accompanying supporting documents are complete.- Preparing monthly statutory Taxes & Fees. i.e VAT returns, WHT, SDL, WCF, stamp duty e.t.c.- Petty Cash Management & Bank reconciliation.- Managing of multiple Customer's and Supplier's accounts.- Preparation of Monthly debtor's Analysis report and cash flow forecasting.- Providing analysis of Financial information to the Management.Key Achievements:* Able to meet key reporting deadlines for Final Accounts for the past 3 years.* Initiate strategies to reduce the non moving inventory by 10%.* Assist the organization to achieve compliance in the area of Taxation and International Financial Reporting Standards (IFRS).

    • Cost Accountant
      • Aug 2011 - Dec 2014
      • Geita, Mwanza.

      Reporting to the Management Accountant I was responsible for;- Preparation of Monthly & Quarterly cost report for departments.- Preparation of Monthly Variance analysis report.- Providing comments for variances, investigating cause of variance and suggest ways to mitigate them.- Preparation and Consolidating Departmental Budgets from HODs, and Head of Unit inputs.- Volume/Price efficiency analysis together with monitoring measurable efficiency improvements on cost.- Monthly Creditor's reconciliation and approve Supplier's Tax invoices for payments.- Various journal posting and General Ledger Maintenance.- Report on issues regarding cost effectiveness.Key Achievements* Improve cost awareness among employees in the department i.e smart printing, cost effectiveness and efficiency.* Establish Cost awareness campaign in my department through monthly cost report flyers for the key cost drivers within the department.* Reduce unnecessary spending within the department. i.e cost reduction.

  • Geocon Company Ltd
    • Dar Es Salaam
    • Accountant
      • Nov 2010 - Jul 2011
      • Dar Es Salaam

      Reporting to the Senior Accountant, key roles included;- Invoice Journal Posting.- Approving of time sheets, for wages.- Ensuring that Suppliers are paid in time.- Attending tender opening.- General Ledger maintenance.

Education

  • 2009 - 2010
    University of Wales, Cardiff
    Master of Business Administration (MBA), Finance
  • 2006 - 2009
    University of Wales Lampeter
    Bachelor's degree, Business Administration and Management, General
  • Aga Khan Mzizima
    A Levels, PCM

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Industry Focus. “Machinery Manufacturing”

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