Charles Obeng Kwarteng
Tarkwa
Summary
As the Chief Accountant (Manager - Financial and Technical Accounting) at AngloGold Ashanti Iduapriem Mine, I have over 12 years of experience in delivering accurate, timely, and reliable financial information and analysis to support strategic decision-making and compliance. I hold CA, CIMA, and ChE credentials, and a Master of Business Administration degree in Accounting and Finance and I am currently pursuing CPA Australia.
My core competencies include corporate management accounting reporting, preparation of annual financial statements, tax accounting, asset accounting, HFM reporting, and environmental liability estimation. I also manage and supervise the accounts payable, accounts receivable, and treasury functions, and perform working capital analysis and PowerPoint presentation. I am passionate about enhancing the efficiency and effectiveness of financial processes and systems, and I collaborate with various stakeholders across the organization to achieve optimal results.
Overview
12
12
years of professional experience
Work History
Chief Accountant
AngloGold Ashanti Iduapriem Ltd
Tarkwa
01.2018 - Current
- Management of Accounts Payable
- Supervises the functionality of accounts payable
- Ensures invoices with queries are resolved and processed
- Prepares accounts payable aging analysis and address all bottlenecks.
- Ensures suppliers, contractors and others are paid accurately and on timely basis.
- Ensures vendor reconciliation lists are distributed and prepared by relevant staffs
- Efficient Management of Accounts Receivable
- Supervises the functionality of accounts receivables
- Ensures customers invoices are sent and follow ups made on the payment
- Prepares accounts receivable aging analysis and address all bottlenecks.
- Supervises the reconciliation of customer accounts
- Effective Payroll Management
- Ensures effective supervision of the payroll function
- Prepares monthly payroll for management staff for the review and approval by Senior Manager-Finance
- Ensures accurate preparation of monthly wages and salary for both Unionized and non-Unionized staffs
- Ensures monthly salary and wages are sent to the bank before last Friday of each month.
- Ensures all statutory deduction are made and paid before 15th of the following month
- Effective management of Cash and Bank balances
- Ensure effective supervision of the cash office
- Ensure daily cash balance report is sent
- Ensure weekly preparation of bank reconciliation and issues resolved before month end.
- Ensure cash availability at the cash office
- Preparation and submission of Monthly, Quarterly and Yearly Financial Statement
- Coordinate month end activities to ensure efficient timeline delivery
- Ensure Accurate and timely preparation of HFM pack
- Ensure accuracy and clearing of general ledger postings.
- Review the accuracy of monthly fixed asset amortization calculation
- Review Liability estimate calculation for the approval by Senior Finance - Finance
- Supervise the posting and reposing of the various accrual accounts including payroll accruals
- Developed, implemented and maintained accounting systems for all financial transactions.
- Prepared monthly account reconciliations to ensure accuracy of financial statements.
- Supervised the day-to-day operations of the accounting department including accounts payable and receivable and payroll processing.
- Coordinated external audits with outside auditors to ensure compliance with IFRS regulations.
- Analyzed financial data to identify trends, variances and discrepancies while providing corrective action plans when necessary.
- Ensured timely payment of taxes by preparing tax returns on a quarterly basis.
- Provided guidance to other staff members on proper accounting procedures.
- Monitored cash flow activities including forecasting future needs.
- Assisted in developing long-term strategies for improving profitability within organization.
- Prepared detailed reports summarizing financial results on a monthly basis.
- Established system-wide accounting policies and control procedures to maintain accuracy and compliance.
- Supervised team of 13 accounting professionals across task delegation, project leadership and performance management.
- Maintained accurate accounts for cash, fixed assets and other transactions.
- Review Liability estimate calculation for the approval of, - Finance
- Correction of wrong GL codes and cost center codes
- Review GRIR reconciliation and aging report and ensure all follow ups are made.
- Prepara Annual Financial Statement
- Corporate Management Accounting Reporting
- Prepare monthly and quarterly Africa results presentation
- Prepare quarterly CFO presentation
- Prepare inflation files for all Africa site and establish impact on TCC and AiSC
Acting Senior Manager- Finance
AngloGold Ashanti Iduapriem Ltd
Tarkwa
07.2023 - 08.2023
- Coordinated finance, procurement and supply chain, audit and IT functionalities.
- Performed financial analysis to inform discussions with partners and make strategic decisions.
- Developed business plans to incorporate growth, modernization and cost structure improvement.
- Developed and implemented strategies to improve operational efficiency, reduce costs, and increase productivity.
- Leadership role in planning annual budgets for each department based on forecasted sales volumes.
- Provided strategic direction to departmental heads regarding resource allocation decisions.
- Reviewed CAPEX portfolio of the mine to achieve efficiency in the CAPEX spend
Financial Reporting Superintendent
AngloGold Ashanti Iduapriem Ltd
01.2016 - 12.2017
- Preparing Bullion Revenue journals accurately, processing of contractors back charges before closure of the period being reported
- Accurate maintenance of Non-Current Assets Register: Calculation of depreciation and reconciliation between general ledger and assets register
- Preparation of VAT returns to GRA, computation of royalties’ payable on minerals sold on quarterly basis
- Assist in the Preparation of Management/HFM Pack to meet reporting deadlines
- Preparation of other reports (BoG Reports, Appendices, Chamber of Mines, etc.)
- Management of accrual account and other GL Accounts like prepaid insurance, prepaid expense, restoration and decommission unwinding etc
- Management of account of account receivables
- Preparation of Management accounts and other financial reports
- Prepare quarterly appendices for approval by Senior Manager Finance
- Prepare monthly department operating cost for review by Senior Manager - Finance
- Ensure the preparation of monthly BME/BFE report for review by Senior Manager - Finance
- Ensure the timely preparation and submission of the following reports
- Chamber of Mines report
- BOG reports
- VAT Returns
- Withholding Tax report
- Computation of royalties payable
Senior Cost Accountant
AngloGold Ashanti Iduapriem Ltd
06.2015 - 12.2015
- Life of Mine business planning and financial analysis Variance analysis reporting and cost optimization Daily cost management and controlling
- Assisting in the completion of management accounting reports with apt indication of cost by elements, cost by activities and production statistics
- Assist Departmental Senior Managers with cost management
- Month-End cost and analysis Mine wide monthly operational report Effective implementation of SOX policies and procedures on the Iduapriem Mine
- Pre-Auditing on invoices and its supporting documents, and Contract optimization Assisting the Senior Manager - Finance in managing the General Finance Controls and properly reporting on them quarterly.
SOX and Compliance officer
AngloGold Ashanti Iduapriem Ltd
06.2012 - 05.2015
- My major tasks;
- Pre-audit and post audit of documents
- Major and Minor Contract Optimization
- Review of policies and procedure
- Superintended the quarterly completion of SOX 404, SOX 302 and Accounting Directives.
Cost Accountant
AngloGold Ashanti Iduapriem Ltd
08.2011 - 05.2015
- Capital Expenditure budgeting, planning and forecasting
- Project Cost Controlling and Accounting with SAP One ERP
- Updating the Capital –Work –In progress and preparing monthly transfers to the Fixed Asset Register
- Pre-audit and post audit of documents
- Major and Minor Contract Optimization
- Analysed and researched reporting issues to improve accounting operations procedures
- Matched purchase orders with invoices and recorded the necessary information.
Education
Chartered Member (ACMA CGMA) - Management Accounting
Chartered Institute of Management Accountants
United Kingdom09.2023
Chartered Member CA(GH) - Accounting and Finance
Institute of Chartered Accountants
Ghana11.2015
Chartered Member Ch.E - Financial Economics
Association Certified Chartered Economists
Ghana01.2012
TM1 Cognos Analyst (Certified) - TM1
IBM Cognos
United States Of America01.2018
MBA - Accounting and Finance
University of Professional Studies
Accra08.2014
Bachelor of Commerce - Accounting and Finance
University of Cape Coast
Cape Coast05.2010
Senior Secondary School Certificate - Business
Opoku Ware Secondary School
Kumasi05.2005
Skills
- SAP Super User – FICO, PS & MM
- TM1 Super User
- Excel Advanced User
- Oracle System user
- Month-End Close
- Internal Controls
- Financial Accounting
- SOX
- Regulatory Compliance
- Payroll Processing
- Financial Statements
- Financial Reporting
- Monthly Financial Statements
- Tax Return Preparation
- Variance Analysis
- Account Reconciliation
- Financial Modeling
- Budgeting and Cost Savings
References
References available upon request.
Timeline
Acting Senior Manager- Finance
AngloGold Ashanti Iduapriem Ltd
07.2023 - 08.2023
Chief Accountant
AngloGold Ashanti Iduapriem Ltd
01.2018 - Current
Financial Reporting Superintendent
AngloGold Ashanti Iduapriem Ltd
01.2016 - 12.2017
Senior Cost Accountant
AngloGold Ashanti Iduapriem Ltd
06.2015 - 12.2015
SOX and Compliance officer
AngloGold Ashanti Iduapriem Ltd
06.2012 - 05.2015
Cost Accountant
AngloGold Ashanti Iduapriem Ltd
08.2011 - 05.2015
Chartered Member (ACMA CGMA) - Management Accounting
Chartered Institute of Management Accountants
Chartered Member CA(GH) - Accounting and Finance
Institute of Chartered Accountants
Chartered Member Ch.E - Financial Economics
Association Certified Chartered Economists
TM1 Cognos Analyst (Certified) - TM1
IBM Cognos
MBA - Accounting and Finance
University of Professional Studies
Bachelor of Commerce - Accounting and Finance
University of Cape Coast
Senior Secondary School Certificate - Business
Opoku Ware Secondary School
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