Aaron Khomba
Chartered Accountant (ACCA)
Lilongwe,LI
Summary
Dynamic Chartered Accountant with extensive experience at Floresta, excelling in cash flow management and financial forecasting. Proven track record of optimizing processes, achieving a 15% improvement in cash flows, and fostering strong vendor relationships. Adept at translating complex data into actionable insights, ensuring compliance, and enhancing operational efficiency through meticulous attention to detail.
Overview
12
12
years of professional experience
3
3
Certifications
Work History
Programs Finance Officer
Floresta
09.2023 - Current
- Produces timely financial statements and management accounts in adherence to International Financial Reporting Standards.
- Prepares monthly reconciliation of bank accounts and took corrective actions on deviations.
- Optimized cash flow management, ensuring timely payment of invoices and reducing outstanding debts.
- Collaborated with team leaders to define standards, policies and procedures to meet expenditure targets.
- Established strong relationships with key vendors, negotiating favorable terms to benefit the organization''s bottom line.
- Streamlined financial processes for increased efficiency and accuracy in reporting.
- Monitors budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Improved budget planning and forecasting with thorough analysis of historical data and expenditure trends.
- Assists executive leadership in making informed decisions by providing reliable financial forecasts based on rigorous analyses.
- Ensures compliance of financial policies and accounting procedures against statutory regulations.
- Coordinates audit process and champions controls, achieving three consecutive reports and training staff for policy compliance.
- Led transformation by migrating manual processes to QuickBooks Online Advanced, enhancing efficiency.
Finance and Administration Manager
Wala Limited
10.2022 - 09.2023
- Prepared comprehensive financial statements for executive review, highlighting key performance indicators.
- Monitored financial performance against budgets to identify variances and implement corrective financial strategies.
- Facilitated critical special grant audit which resulted in clean opinion and the successful acquisition of an extra $175,000 grant.
- Reconciled accounts receivables and streamlined invoice processing, directly enhancing the accuracy of financial records.
- Improved company cash flows by 15% through aggressive receivables management and the optimization of financial workflows.
- Developed and maintained financial policies to ensure compliance with regulations and best practices.
- Served as a strategic financial advisor to leadership, translating complex financial data into actionable business insights.
Regional Finance Officer
Fairtrade Africa - Southern Africa Region (Malawi, South Africa, Eswatini, Madagascar, Mauritius)
06.2020 - 09.2023
- Championed process improvements that resulted in faster month-end closing procedures while maintaining high levels of data integrity.
- Prepared accurate financial statements in compliance with IFRS and donor requirements.
- Developed and managed annual budgets exceeding $2M, conducting quarterly analyses to ensure donor compliance.
- Managed full-cycle finance for the Southern Africa Region, overseeing budgeting, accounting and payroll.
- Coordinated and successfully passed regional external audits, achieving consistent clean opinions through robust internal controls.
- Optimized tax planning strategies to minimize liabilities while maintaining full compliance with local tax authorities.
Senior Accountant
Exagris Africa Limited
01.2014 - 01.2019
- Completed year-end closing processes with controllers and external auditors.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Assisted in internal and external audits by preparing necessary audit schedules and responding to auditor inquiries.
- Mentored five Assistant Accountants, ensuring the timeliness and accuracy of all financial transactions and reports.
- Managed complex inter-company transactions, ensuring proper reporting in collaboration with the Head of Finance.
- Enforced strict adherence to internal controls and financial procedures to mitigate risk and ensure operational efficiency.
- Successfully managed multiple high-stakes projects concurrently, consistently meeting deadlines while maintaining exceptional attention to detail and quality control.
- Coordinated quarterly and annual physical inventory counts, including analyzing the count reports, identifying and resolving significant discrepancies.
Education
ACCA
UK 04.2001 -
Skills
Cash flow management
Accomplishments
- Supervised team of 5 staff members ensuring the timeliness and accuracy of all financial transactions and reports.
- Achieved a 15% increase in revenue at Wala Limited by enhancing accounts receivable accuracy.
- Earned an extra $175,000 grant for Wala Limited through successful audit facilitation.
- Secured three consecutive clean external audit reports for Floresta and consistently unqualified opinions for Fairtrade Africa.
- Successfully facilitated the transition from manual accounting to QuickBooks Online Advanced at Floresta.
Certification
Qualified Chartered Accountant | ACCA
Timeline
Programs Finance Officer
Floresta
09.2023 - Current
Finance and Administration Manager
Wala Limited
10.2022 - 09.2023
Regional Finance Officer
Fairtrade Africa - Southern Africa Region (Malawi, South Africa, Eswatini, Madagascar, Mauritius)
06.2020 - 09.2023
Senior Accountant
Exagris Africa Limited
01.2014 - 01.2019
ACCA
04.2001 -