Richard Ugah , MCIA, ACA, FMVA®
Financial Accountant at KKONTech- Claim this Profile
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Bio
Credentials
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Financial Modeling & Valuation Analyst (FMVA)®
Corporate Finance InstituteAug, 2022- Nov, 2024 -
Advanced Excel Formulas & Functions
Corporate Finance InstituteJul, 2022- Nov, 2024 -
Advanced Excel Formulas & Functions
Corporate Finance InstituteJul, 2022- Nov, 2024 -
Business Valuation Modeling Part II
Corporate Finance InstituteJul, 2022- Nov, 2024 -
Corporate Finance Fundamentals
Corporate Finance InstituteJun, 2022- Nov, 2024 -
Excel Fundamentals – Formulas for Finance
Corporate Finance InstituteJun, 2022- Nov, 2024 -
Financial Analysis Fundamentals
Corporate Finance InstituteJun, 2022- Nov, 2024 -
Professional Ethics
Corporate Finance InstituteJun, 2022- Nov, 2024 -
Reading Financial Statements
Corporate Finance InstituteJun, 2022- Nov, 2024 -
ACA
The Institute of Chartered Accountants of NigeriaJan, 2020- Nov, 2024 -
CIA
Chatered Institute of AdministrationAug, 2016- Nov, 2024
Experience
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KKONTech
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Nigeria
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Telecommunications
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1 - 100 Employee
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Financial Accountant
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Aug 2022 - Present
• Championed the design and implementation of an effective accounting system that ensured real time reporting with 100% success rate within one month of joining the company. • Identified a shortfall in revenue and created a system that corrected it within 2 months of joining the company. • Prepare monthly, quarterly and annual statements (Statement of Financial position, comprehensive income and cash flow). • Manage and ensure timely regulatory remittances – VAT, WHT, PAYE, PENSION etc. • Supervision of Accounts Payable and Accounts Receivable staff • Review and monitor financial trends to guide decision making e.g. sales revenues and liabilities). • Preparation of weekly and periodic cash flow forecasts. • Assist in periodic risk analyses to assess potential projects/investments. • Preparation of monthly budget variance analysis. • Supervise, manage and train subordinates. Show less
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Jetlink Limited Nigeria
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Nigeria
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IT Services and IT Consulting
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1 - 100 Employee
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Head of Account
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Dec 2021 - Mar 2022
• Developed secure procedures to maintain confidential information while ensuring all accounting activities and internal audits comply with financial regulations. • Championed the design and implementation of an effective inventory tracking system for proper accountability of all inventory item with 100% success rate. • Conducted cost-volume-profit analysis and recommended cost reducing strategies while allocating resources and efficiently managing cash flows. • Designed a new accounting system for the company and established new accounting procedural protocols, resulting in increased profitability, cost reduction and enhanced accounting practices within 2 months. • Reduced monthly energy cost for the company by 43% through establishing effective internal control measures. Show less
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Senior Manager Account
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Feb 2020 - Sep 2021
• Adhered closely to organizational policies and procedures while developing and maintaining a two-way communication with internal customers to achieve set goals. • Prepared VAT and Withholding Tax schedules with high level of accuracy and timeliness. • Utilized strong proficiency in accounting systems usage for accurate data entry. • Prepared management account monthly and annually while maintaining timeliness and 100% accuracy to determine company’s financial position. • Perform company income tax computations. • Demonstrated strong presentation skills during account interpretation to management executives while making accurate predictions about future trends, directions and developments. Show less
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Credit Controller
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Aug 2019 - Jan 2020
• Reduced debt profile by 20% within 5 months. • Recognized and promoted to senior account manager within 5 months for exceptional performance. • Conducted due diligence and credit risk analysis while outsourcing sufficient information to access the credit-worthiness of loan applicants and ensured all loan applications meet the company’s requirements. • Performed all established credit review procedural protocols to achieve targeted results while promoting excellent customer support to external and internal customers. • Reduced past due balances and bad debt by coordinating collection efforts with customer service, sales and billing departments. • Verified and authenticated loan applicants’ information through telephone verification, online inspection and other methods to ensure abnormal credit risk points aren’t exceeded. Show less
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Genesis Group Nigeria Limited
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Nigeria
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Hospitality
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100 - 200 Employee
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Account Payable Officer
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Sep 2018 - Aug 2019
• Automated workflow controls for collections management and credit risk assessment in accordance with IFRS guidelines.• Managed a budget size of over 500 million naira annually.• Identified and developed effective strategies to deduct withholding tax from vendors, saving the company millions on a monthly basis.• Managed efficient cash flow reporting, posted cash receipts and analyzed chargebacks while independently addressing and resolving issues.• Analyzed monthly statement to determine company’s financial position for corporate reporting.• Compiled financial reports pertaining to cash receipts, expenditures as well as profit and loss.• Provided supporting documents for company audit.• Followed up with overdue accounts to obtain funds and reduce aging balances. Show less
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Cost Controller| Finance Officer
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Nov 2017 - Aug 2018
• Reconciled investment of over 120 million.• Managed Niger state water resources project of over 100 million.• Increased precision by utilizing up-to-date billing software.• Protected company assets with strategic risk management approaches.• Oversaw daily financial functions, including accounting, payroll and financial reporting.• Identified and capitalized on community business opportunities with effective networking.• Worked with executives to create annual budget and tracked actual expenses against projected expenses.• Reviewed contracts financially influencing company and counselled executive leaders on impact contracts would have on company operations. Show less
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Education
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2011 - 2015
Ahmadu Bello University Zaria
Bachelors degree, Accounting -
Ahmadu Bello University Zaria
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