HOSTEN ULAYA
GATESHEAD,GATESHEAD
Summary
Detail-oriented finance professional with expertise in advanced Excel usage, cost analysis techniques, and income statement management. Proficient in internal control assessment, financial audit coordination, and payroll administration, with extensive knowledge of Oracle systems and the MS Office Suite. Skilled in preparing quarterly reports, budget planning, and ensuring compliance through meticulous audit processes. Dedicated to leveraging analytical skills to optimize financial operations and support organizational growth.
Overview
28
28
years of professional experience
21
21
years of post-secondary education
Work History
Senior Financial Accountant
Zambia Electricity Cooperation (ZESCO)
lusaka, Zambia
08.2017 - 01.2019
- Performed risk assessments; mitigated potential financial threats.
- Coordinated year-end procedures, ensuring smooth transition into new fiscal year.
- Implemented efficient payment processing systems to reduce transaction time.
- Conducted financial due diligence for potential acquisitions.
- Facilitated transfer pricing activities between international entities efficiently.
- Managed complex budgets to drive cost savings.
- Reconciled general ledger discrepancies swiftly; maintained high quality financial records.
- Partnered with senior management for strategic planning; improved efficiency.
- Liaised with external auditors, ensuring clean audits annually.
- Implemented cost control measures, reducing operational expenses.
- Ensured accurate tax filing, resulting in no penalties from ZRA.
- Provided insightful recommendations to top management after detailed budget analysis.
- Streamlined operations with implementation of advanced accounting software (oRACLE)
- Prepared monthly, quarterly and annual reports for regulatory compliance.
- Validated all balance sheet accounts on a monthly basis for accuracy.
- Collaborated with audit team to streamline internal controls.
- Regularly updated company's fixed asset register; enhanced accuracy in depreciation calculations.
- Oversaw accounts payable and receivable, improving cash flow management.
- Led team in executing monthly accounting and month-end close activities to period-end close timelines.
- Performed periodic expense variance analysis between budget, forecast and actual amounts.
- Reviewed and processed employee expense reports and vendor invoices for payment.
- Investigated suspected cases of fraud and theft involving small numbers of transactions or complex systems.
- Helped resolve disputed claims as official client representative to tax officials.
- Produced accurate tax returns complying with official requirements and serving client needs for minimising liabilities.
- Advised management on financial details related to business operations, inventory levels and budgets.
SENIOR TREASURY OFFICER
ZAMBIA ELECTRICITY SUPPLY COOPERATION (ZESCO)
LUSAKA, ZAMBIA
04.2011 - 07.2017
- Optimised fund allocation process through meticulous planning and forecasting.
- Monitored bank service fees and addressed quality issues promptly.
- Managed banking relationships for optimal service provision.
- Maintained up-to-date knowledge of market trends; provided valuable insights.
- Enhanced forex operations by implementing innovative hedging strategies.
- Liaised closely with bank partners for seamless transaction processing.
- Executed daily bank deposits, ensuring company's financial stability.
- Implemented financial software solutions; increased efficiency in operations (ORACLE FINANCIAS, BIS, AFIMIS)
- Developed robust internal controls to prevent fraudulent activities.
- Prepared accurate treasury reports to support strategic decision making.
- Ensured compliance with treasury policies, mitigating financial risk.
- Prepared thorough recommendations on Oracle financial projects, assessing and guiding on estimates for project funding and costs.
- Resolved invoice coding and tracked recurring expenses for accrual entry.
SYSTEM ACCOUNTANT
ZAMBIA ELECTRICITY SUPPLY COOPERATION (ZESCO)
LUSAKA, ZAMBIA
03.2004 - 03.2011
- Assisted with strategic planning efforts leading to sustained growth.
- Managed financial reporting processes resulting in enhanced transparency.
- Improved cash flow through meticulous accounts receivable management.
- Conducted financial audits for improved internal controls.
- Responsible for preparation of Oracle training materials
- Participated in the preparation of ZESCO finance procedure manual
- Trained ZESCO finance personnel in Oracle applications company procedures.
- Followed up with finance trainees on implementation of finance systems
REGIONAL ACCOUNTANT
ZAMBIA ELECTRICITY SUPPLY COOPERATION (ZESCO)
LUSAKA, ZAMBIA
11.2000 - 02.2004
- Ensured timely and accurate production of delivery bills
- ensured cash collected is accratekt accounted for and banked on time
- credit management
- payroll administration
- Managed account payables, reduced overdue payments.
- Liaised with internal and external auditors, facilitated smooth audit processes.
- Achieved timely financial reporting with rigorous data analysis.
- Ensured accurate revenue recognition with stringent checks and balances.
- Improved cash flow by implementing effective collection strategies.
- generated financial reports for the region
ACCOUNTANCY ASSISTANT
ZAMBIA ELECTRICITY SUPPLY COOPERATION (ZESCO)
LUSAKA , ZAMBIA
04.1992 - 10.2000
- Contributed to budget planning sessions for effective resource allocation.
- Maintained petty cash transactions, providing transparency in small expenditure handling.
- Produced detailed financial statements, assisting senior accountants in insightful decision-making.
- Enhanced financial accuracy by meticulously maintaining and reconciling accounting records.
SENIOR ACCOUNTS CLERK
ZAMBIA ELECTRICITY SUPPLY COOPERATION (ZESCO)
LUSAKA, ZAMBIA
07.1991 - 03.1992
- Prepared documentation, ensuring all files were up-to-date and readily available.
- Handled telephone calls professionally, resulting in positive customer feedback.
- Completed tasks promptly and efficiently under little supervision, displaying excellent time management skills.
- Kept the reception area tidy, creating a welcoming environment for visitors.
- Ensured smooth operation of office equipment, reducing downtime.
- Processed invoices accurately to avoid financial discrepancies.
- Liaised with suppliers, enabling timely delivery of office supplies.
- Organised travel arrangements for senior staff, guaranteeing seamless business trips.
- Assisted colleagues with administrative tasks when needed, fostering a collaborative work environment.
- Improved office efficiency by maintaining an organised filing system.
- Updated company databases regularly for accurate record-keeping.
- Trained junior clerks in best practices and daily administration requirements.
- Communicated meeting updates and calendar changes to maintain efficient office operations.
- Communicated and processed client information with discretion to maintain confidentiality.
Education
Licentiate of the Institution - Accounts
Zambia Institute of Chartered Accountants
Zambia 04.2001 - 09.2016
DIPLOMA ACCOUNTANCY - Accounts
EVELYN HONE COLLEGE OF APPLIED ARTS AND COMMERCE
ZAMBIA 01.1994 - 06.1997
CERTIFICATE ACCOUNTS AND BUSINESS - ACCOUNTS
LUKASHYA TRADENING INSTITUTES
ZAMBIA 01.1989 - 12.1990
Skills
- Advanced excel usage
- Cost analysis techniques
- Income statement expertise
- Internal control assessment
- Knowledge of oracle
- Financial audit conducting
- MS Office Suite
- Quarterly reports
- Budget preparation
- Audit coordination
- Payroll administration
Accomplishments
2016: Awarded during National Labour Day celebrations as "Most Disciplined Employe" of the year for ZESCO.
2007: Awarded during National Labour Day celebrations as " Most Conscientious Employee" of the year for ZESCO
1996: Awarded during National Labour Day celebrations as " Most Hard working Employee" of the year for ZESCO
1992: Awarded during National Labour Day celebrations as "Most Disciplined Employee" of the year for ZZESCO
Timeline
Senior Financial Accountant
Zambia Electricity Cooperation (ZESCO)
08.2017 - 01.2019
SENIOR TREASURY OFFICER
ZAMBIA ELECTRICITY SUPPLY COOPERATION (ZESCO)
04.2011 - 07.2017
SYSTEM ACCOUNTANT
ZAMBIA ELECTRICITY SUPPLY COOPERATION (ZESCO)
03.2004 - 03.2011
Licentiate of the Institution - Accounts
Zambia Institute of Chartered Accountants
04.2001 - 09.2016
REGIONAL ACCOUNTANT
ZAMBIA ELECTRICITY SUPPLY COOPERATION (ZESCO)
11.2000 - 02.2004
DIPLOMA ACCOUNTANCY - Accounts
EVELYN HONE COLLEGE OF APPLIED ARTS AND COMMERCE
01.1994 - 06.1997
ACCOUNTANCY ASSISTANT
ZAMBIA ELECTRICITY SUPPLY COOPERATION (ZESCO)
04.1992 - 10.2000
SENIOR ACCOUNTS CLERK
ZAMBIA ELECTRICITY SUPPLY COOPERATION (ZESCO)
07.1991 - 03.1992
CERTIFICATE ACCOUNTS AND BUSINESS - ACCOUNTS
LUKASHYA TRADENING INSTITUTES
01.1989 - 12.1990
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