Ebot Charles Mfonyor
Certified Public Accountant CPA
Beua,Cameroon
Summary
Experienced Senior Accountant successful at cultivating effective working relationships at all levels while driving improvements to budget administration, expense tracking and forecasting of future financial needs. Proven track record of performing work ethically while maintaining integrity of all financial data.
Overview
8
8
years of professional experience
7
7
years of post-secondary education
1
1
Certification
1
1
Language
Work History
Head of Accounting
Buea Police Cooperative Credit Union
Buea, Cameroon
09.2018 - Current
- Develop and implement effective accounting systems.
- Reconciled accounts and created documents for monthly closure procedures.
- Prepares monthly journal entries and reconciliations.
- Calculates tax owed, prepared and submitted returns and upheld compliance with all applicable laws.
- Declares and pays on a monthly basis, personal income taxes for employees, VAT and CNPS.
- Contributes to hiring, training and development of accounting teams.
- Reviewed budgets and communicated discrepancies to senior management.
- Analyzes financial audit information and made recommendations to improve efficiencies.
- Writes financial statements and consolidations after reconciling general ledger accounts.
- Expedited payroll and invoicing by streamlining billing systems.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Completed monthly payroll and maintained employee records.
- prepares end of years consolidated financial statement and DSF.
- analyses monthly and the end of year management report.
Loan Officer 1
Buea Police Cooperative Credit Union
Buea, Cameroon
06.2016 - 08.2018
- Actively listened to members' requests, confirming full understanding before addressing concerns.
- Worked within applicable standards, policies and regulatory guidelines to promote safe working environment.
- Responsible for the management of all loans origination/ operations, reporting directly to the General manager.
- Responsible for the management of all lending product offering (consumer mortgage and commercial).
- Member of the Staff Credit Committee team, reporting to the board of directors directly on a monthly basis.
- Created new more dynamic consumer loan products increasing consumer lending by over 50% in the first year.
- Increase commercial loan limit from 20M.XAF. to 50M.XAF in 2017.
- Instituted the compulsory use of Land certificate and preparation of legal and registered mortgages for all loans above 5M. XAF from 2017.
- Implemented a new credit culture that is strict for commercial loans, created a more effective strategy for the new risk rating matrix.
- Overhauled the loan operations process to ensure effective separation of duties, more diligent check and balances, and corrected compliance deficiencies.
- Marketing unions’ products and promote unions services that are helpful to members
- Created a new loan policy to ensure it is in line with the states and COBAC Regulations.
- Review correct and Approve reports prepared by my junior colleagues and Train interns & new staff.
- Implemented new collection process and procedures to resolve stagnant delinquent loan portfolios which reduce overall delinquency from 50% to 28% in 2018.
- Represent the union in court in case of a disputes related to delinquent members
- Perform monthly check and reconciliation of loan stocks
- Prepares correspondents to outstanding debtors and spearheads all recovery actions.
- Prepares and submits loan reports to Senior management and Board.
- Effective manages the loan portfolio to reduce written off debt and provision
- Work with auditors, answering their worries and providing them the necessary reports and documents as demanded
- Train all young colleague newly recruited and all old colleagues in the case and procedural change and order changes in the union
Assistant Accountant
Buea Police Cooperative Credit Union
Buea, Cameroon
05.2014 - 05.2016
- Collect study and analyze all bank statements and reconciliation of all banks league and Branch Accounts.
- responsible for analyzing all bank standing orders or deduction at source for treatment into the software.
- Updating all the accounts and ensuring that all the receipts and backing documents are filed.
- Updating the assets register and keeping a proper file of such assets regularly and giving reference numbers to any new assets acquired.
- Preparation of monthly financial statements, budgetary control, ratio analysis, coverage report and submit to the manager for further action required.
- Verified all requisition for expenses and ensured that it is in line with the budget for the period and forward it to management for approval.
- Ensured that cash receipt and payment vouchers are raised for every cash transaction that is done at the credit union.
- Drafting of periodic financial management reports including problem & possible solution by providing baseline these data from all financial operations shall assist the manager in reviewing financial results and report the key trends and occurrences that underlie these results together with advice on which problem should be prioritized.
- Effect monthly reconciliation of bank, inter-branch, stock and third party accounts
- Assist members to clarify matters related to their accounts.
Education
BBA - Accounting And Finance
KASNEB
Kenya 05.2013 - 11.2018
Associate of Arts - Accounting Technician
Association of Certified Chartered Accountants
United Kingdom 01.2009 - 06.2010
Skills
Credit Analysis, Management, Control and Recovery: using financial and non-financial metrics in credit ratings for clients, managing a portfolio of loans, following up on recovery from delinquent clients Computer Knowledge; over four years of good computing skills working with Microsoft office suit packages (excel, word, publisher PowerPoint, Internet & Outlook) for data imputation and analysis, report writing and project presentations Communication and problem resolution; a keen listener, well equipped with verbal, nonverbal and visual communication skills capable of looking at problems, patiently work through a potential solution and seek input where needed bringing satisfaction to clients and team members Teamwork and leadership; operates smoothly and efficiently within a group, ensuring that work is well organized and deadlines are respected by organizing weekly meetings and sending daily reminders to members encouraging them Able to compromise, put personal interests aside, negotiate, influence and accept change Account management; good at processing and fulfilling orders, updating records and monthly reconciliation of accounts Attention to detail; conducting daily control of transactions ensuring all entries are okay and confirming that physical stocks counts correspond with that of the system Fluent in English & good working knowledge of French 7 years progressive finance and accounting experience Deep functional knowledge of QUICKBOOKS, ALPHA & FLEXTRA softwares Superb mastery & utilization of Cameroon’s Finance Law Manual Procedural understanding of COBAC Banking regulation & bank’s products, services & operations Sound knowledge of credit management, treasury management, account management, budgeting & reconciliation, Financial reporting, consolidation of financial statements and compliance audit, Internal control review and operational analysis Investment appraisal & business evaluation, financing strategy formulation Profound mastery of Generally Accepted Accounting Principles/SYSCOHADA/ISA/IPSAS/IFRS/FINANCIAL REPORTING Excellent presentation, communication, influencing, analytical and writing skills Effective under pressure and open to flexible working hours
Certification
CPA - Certified Public Accountant of Kenya (Member Number 25981)
Timeline
CPA - Certified Public Accountant of Kenya (Member Number 25981)
07-2020
Head of Accounting
Buea Police Cooperative Credit Union
09.2018 - Current
Loan Officer 1
Buea Police Cooperative Credit Union
06.2016 - 08.2018
Assistant Accountant
Buea Police Cooperative Credit Union
05.2014 - 05.2016
BBA - Accounting And Finance
KASNEB
05.2013 - 11.2018
Associate of Arts - Accounting Technician
Association of Certified Chartered Accountants
01.2009 - 06.2010
Similar Profiles
Metuk Serah MukeMetuk Serah Muke
Credit Officer at Buea P&T Credit UnionCredit Officer at Buea P&T Credit Union
Nyako ManjangNyako Manjang
Risk and Audit Officer at Gambia Teachers' Union Cooperative Credit Union (GTUCCU)Risk and Audit Officer at Gambia Teachers' Union Cooperative Credit Union (GTUCCU)
Larhue McPheeLarhue McPhee
SERVICE PROFESSIONAL III at Teachers & Salaried Workers Cooperative Credit Union Ltd.SERVICE PROFESSIONAL III at Teachers & Salaried Workers Cooperative Credit Union Ltd.