Foster Awudi
Warwick
Summary
Experienced Finance Manager with expertise in Internal Audit and Data Analysis techniques. Dedicated, driven professional seeking a challenging position to leverage abilities and passion for excellence to contribute significant value to a business and support corporate goals. Promoting more than 8 years of expertise overseeing transactions and reconciling monthly financial reports. Highly collaborative individual with track record of effectively training and coaching staff members. Offering confidence, team collaboration and decision making skills.
Overview
14
14
years of professional experience
8
8
years of post-secondary education
1
1
Certification
Work history
FINANCE MANAGER
National Health Insurance Authority
03.2022 - 04.2024
- Oversaw vendor setup in Oracle Financial, ensuring accurate payment administration, bank account management, and account reconciliations, showcasing proficiency in financial systems
- Led the development of National Health Insurance Authority (NHIA) allocation formulae (Budget) for parliamentary approval, demonstrating expertise in financial planning and analysis
- Managed and trained Finance Staff to ensure efficient operations and adherence to financial procedures, showcasing leadership and team management skills
- Conducted comprehensive training sessions on financial procedures for new and existing staff members, highlighting strong communication and teaching abilities
- Utilized Oracle to generate financial reports and data for analysis and decision-making purposes, demonstrating advanced technical skills
- To assist in the Claims Payment process liaising with internal and external commissioning and Finance staff to monitor and resolve disputed invoices
- Managed expense tracking for 170 District offices and headquarters, showcasing attention to detail and organizational skills
- To ensure confidentiality of patient information is maintained at all times
- Developed organizational structures to enhance accounting and finance functions within the organization, demonstrating strategic thinking and process improvement skills
- Monitored budget and revenue trends, compiling reports to support company leadership in decision-making processes, showcasing analytical abilities.
INTERNAL AUDIT OFFICER
National Health Insurance Authority
06.2015 - 03.2022
- Conducted risk assessments and developed audit plans to address potential areas of concern within the organization
- Performed audits on financial statements, operational processes, and compliance with regulations to ensure accuracy and effectiveness
- Implemented new audit techniques and technologies to improve efficiency and effectiveness of audits
- Provided recommendations for process improvements and cost savings opportunities based on audit findings
- Collaborated with cross-functional teams to implement audit recommendations and monitor progress towards desired outcomes
- Identified fraudulent activities resulting in significant cost savings for the company
- Developed a comprehensive training program on internal controls and fraud prevention best practices
- Implemented an automated auditing system that improved efficiency and accuracy while reducing manual errors
- Recognized by senior management for contributions to improving internal controls and minimizing risks in the organization.
FINANCE ASSISTANT
National Health Insurance Authority
06.2010 - 05.2015
- To develop monthly expenditure forecasts to guide the National Health Insurance Authority’s financial planning efforts
- Ensure the implementation of robust systems and processes for effective financial management and precise performance reporting
- Assist in the timely preparation of accurate financial monitoring data for the Board Sub-Committee
- Perform routine financial tasks such as journal entries, virements, and balance sheet reconciliations
- Analyze, investigate, and resolve financial queries and discrepancies, coordinating with internal and external stakeholders as necessary
- Support the Finance Manager in reporting on the financial status of non-acute areas and address any related queries
- Calculate monthly accrual figures to ensure that the reported financial position accurately reflects the National Health Insurance Authority's commitments
- Collaborate with Budget Holders to ensure timely and accurately coded invoice processing.
Education
Master of Business Administration (MBA) - FINANCE
Coventry University UK
Accra Campus 05.2013 - 07.2014
B.Ed Social Science (Accounting Option) - Social Science (Accounting Option)
University of Cape Coast
Cape Coast, Ghana 02.2003 - 05.2007
Senior Secondary School Certificate - Business
Keta Secondary School
Keta Ghana 05.1999 - 06.2001
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Skills
- Financial Software Proficiency: Skilled in the usage and training on financial softwares such as Oracle E-Business Suit, QuickBooks, Sage 300, or similar tools
- Financial Analysis: Proficient in analyzing financial data to provide insights and recommendations for decision-making
- Budgeting and Forecasting: Skilled in preparing and managing budgets, as well as forecasting future financial performance
- Accounts Payable/Receivable Management: Experienced in overseeing accounts payable and receivable processes, ensuring timely and accurate payments
- General Ledger Accounting: Competent in maintaining and reconciling general ledger accounts
- Financial Reporting: Adept at preparing financial reports, including balance sheets, income statements, and cash flow statements
- MS Excel Expertise: Advanced knowledge of Microsoft Excel, including the use of pivot tables, VLOOKUP, macros, and complex formulas
- Bank Reconciliation: Experienced in performing bank reconciliations to ensure accuracy of financial records
- Tax Compliance: Knowledgeable in preparing and filing tax returns, as well as ensuring compliance with relevant tax laws and regulations
- Cost Accounting: Proficient in cost accounting methods to analyze and manage internal costs
- Audit Support: Experienced in supporting internal and external audits, including documentation preparation and responding to audit queries
- Treasury Function: Knowledge of managing company funds, including cash management and liquidity planning
- Fixed Assets Management: Competent in tracking and managing fixed assets, including depreciation calculations
- Risk Management: Insight into identifying financial risks and implementing strategies to mitigate them
- Data Entry and Management: Efficient in accurately entering and managing financial data
- Financial Modelling: Capable of creating financial models to project future business performance
- Strong analytical and numerical abilities
- Exceptional communication and interpersonal expertise
- Skilled at simplifying complex financial information for non-financial staff
- Advanced proficiency with Microsoft systems
- Highly organized, capable of planning personal and team tasks
- Expert in creating formal, high-quality reports
- Proven management skills
- Adept at prioritizing tasks and directing others' activities efficiently
- Experienced in managing supplier relationships, particularly regarding Information Systems
- Flexible and adaptable to meet operational demands
- Problem-solving
Custom
TRAINING PROGRAMS ATTENDED
- 04/01/24, Accounting Foundation & Internal Control, National Association of State Boards of Accountancy (NASBA), Linkedin
- 04/01/24, Data Analytics Part 2: Extending and Applying Core Knowledge, National Association of State Boards of Accountancy (NASBA), Linkedin
- 04/01/21, Excel: Learning VBA, National Association of State Boards of Accountancy (NASBA), Linkedin
- 10/01/23, Advance Budgeting & forecasting, London
- 08/01/23, Business Data Analytics training
- 03/01/22, Training on FinTech, Israel
- 10/01/16, Budgeting and Financial Analysis
- 09/01/14, Evidence Gathering Techniques
Personal Information
Date of birth: 01/09/81
Certification
Certified Ethical Hacker Certification
Languages
English
Beginner (A1)
Quote
The way to get started is to quit talking and begin doing.
Walt Disney
Timeline
FINANCE MANAGER
National Health Insurance Authority
03.2022 - 04.2024
INTERNAL AUDIT OFFICER
National Health Insurance Authority
06.2015 - 03.2022
Master of Business Administration (MBA) - FINANCE
Coventry University UK
05.2013 - 07.2014
FINANCE ASSISTANT
National Health Insurance Authority
06.2010 - 05.2015
B.Ed Social Science (Accounting Option) - Social Science (Accounting Option)
University of Cape Coast
02.2003 - 05.2007
Senior Secondary School Certificate - Business
Keta Secondary School
05.1999 - 06.2001
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