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Obed Somali is a seasoned finance leader with expertise in strategic planning, financial analysis, and budgeting. As Executive Board Member at Zambian Breweries Plc, he spearheaded project expenditure and business growth, providing strategic financial oversight and managing external relations with investors and regulatory bodies. His experience spans multiple roles, including Finance Manager, Planning and Performance Manager, and Accountants Payable Supervisor, where he honed skills in financial planning, budgeting, and cash management. Obed holds an MBA from The University of Zambia and certifications from Columbia Business School, The Wharton School, and MIT Sloan Executive Education.

Credentials

  • Implementing Winning Strategies Experience
    Columbia Business School
    May, 2023
    - May, 2026
  • Mastering Finance Fundamentals
    The Wharton School
  • Maximizing Operational Effectiveness
    MIT Sloan Executive Education

Experience

    • Zambia
    • Food and Beverage Services
    • 500 - 600 Employee
    • Executive Board Member
      • Sep 2020 - Present

    • Country Head of Finance & Executive Board Member (Mar 2020 – Present)
      • Sep 2020 - Mar 2024

      In this role I Lead a team of 10 and indirect team of 8 in India. Reporting to Regional Finance Director for West and Southern Africa, I manage project expenditure and business growth. I provided strategic financial oversight for the Zambia Business through financial planning and analysis, statutory and management reporting, cost optimisation, budgeting and budget control I also held an executive board seat as local Finance Lead and managed external relations with investors, stakeholders and regulatory bodies.

    • Board Member
      • Jan 2021 - Present

    • Board Trustee
      • Oct 2020 - Present

    • Finance Manager
      • Dec 2018 - Sep 2020
      • Lusaka

      In this role I Lead a team of 10 and indirect team of 8 in India. Reporting to Regional Finance Director for West and Southern Africa, I manage project expenditure and business growth. I provided strategic financial oversight for the Zambia Business through financial planning and analysis, statutory and management reporting, cost optimisation, budgeting and budget control I also held an executive board seat as local Finance Lead and managed external relations with investors, stakeholders and regulatory bodies.

    • Planning and Performance Manager
      • Jun 2018 - Dec 2018
      • Lusaka

      I reported directly to the Finance Manager and supported functions as a trusted business partner and subject matter expert. I delivered finance expertise to the function and shared best practice amongst the team to aid knowledge transfer. In this role I also handled all finance related activities from budgeting, control, functional reporting to business case assistance for various projects.

    • Treasury & Fixed Assets Manager
      • Apr 2017 - Aug 2018
      • Lusaka

      This was a key role that linked business and local financial institutions. I managed cash availability with banks and also provided oversight for internal cash processing. I Aligned local treasury function to the ABI group (Ab-Inbev Global) treasury policy expectations.

    • Accountants Payable Supervisor
      • Jan 2013 - Mar 2017
      • Lusaka

      I managed the whole vendor database from system data quality, alignment of payment terms, invoice aging compliance and on-time payment execution. My contribution to efficient cash flow management and positive vendor relationships was a significant part of this role.

Education

  • 2019 - 2021
    The University of Zambia
    Master of Business Administration - MBA, Accounting and Finance
  • 2010 - 2012
    Zambia Centre for Accountancy Studies
    CIMA, Management Accounting (CIMA)

Suggested Services

This profile is unclaimed. These are suggested service rates with 0% commision upon successful connection

Industry Focus. “Food and Beverage Services”

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