PATSON CHIBWE
LUSAKA
Summary
Versatile professional adept in financial analysis, audit support, account reconciliations and collections. Proficient in preparing financial statements, monitoring controls and completing closings. Highly detail-oriented, proactive, and diligent.
Overview
26
26
years of professional experience
Work History
Finance Officer
Strategic Center for Health Metrics and Evaluation
Lusaka
01.2018 - Current
- Developed annual operating budgets for various departments within the organization.
- Assisted with the preparation of audited financial statements in accordance with Generally Accepted Accounting Principles.
- Participated in special projects related to process improvement initiatives.
- Drafted presentations for executive meetings on relevant topics such as capital structure or debt financing options.
- Analyzed cash flow projections to assess liquidity needs and develop funding plans accordingly.
- Identified discrepancies between actual results versus projected results; investigated causes of variances; developed corrective action plans as needed.
- Managed accounts receivable and payable processes while ensuring accurate recording of transactions in the general ledger system.
- Evaluated existing internal controls to ensure their effectiveness in safeguarding assets from loss or misappropriation.
- Ensured that all taxes due were paid accurately and promptly according to government regulations.
- Coordinated audits with both internal and external auditors to ensure accuracy of financial statements.
- Reorganized finance and accounting departments to improve efficiency and cut excess spending.
- Networked within communities to identify and capitalize on business opportunities.
- Compiled operational and risk reports detailing financial metrics to help management make proactive decisions.
- Planned and coordinated risk mitigation strategies to protect company assets.
- Created and enforced company-wide controls regarding revenue and expenses in concerted effort to protect organization's assets.
- Coordinated preparation of external audit materials and external financial reporting.
- Created and updated financial reports on frequent basis to present information to leadership teams.
Finance Officer
Grants Research and Management Centre -Universty of Zambia School of Public Health
Lusaka
01.2015 - 12.2017
- Developed annual operating budgets for various departments within the organization.
- Assisted with the preparation of audited financial statements in accordance with Generally Accepted Accounting Principles.
- Participated in special projects related to process improvement initiatives.
- Drafted presentations for executive meetings on relevant topics such as capital structure or debt financing options.
- Created ad hoc reports as requested by senior management team members or external stakeholders such as investors or lenders.
- Prepared quarterly reports on the company's financial performance against budgets and forecasts.
- Analyzed cash flow projections to assess liquidity needs and develop funding plans accordingly.
- Prepared monthly, quarterly and annual financial reports for management review.
- Identified discrepancies between actual results versus projected results; investigated causes of variances; developed corrective action plans as needed.
- Managed accounts receivable and payable processes while ensuring accurate recording of transactions in the general ledger system.
- Developed and maintained detailed financial models for long-term strategic planning purposes.
- Monitored investments for compliance with set objectives, policies, and procedures.
- Evaluated existing internal controls to ensure their effectiveness in safeguarding assets from loss or misappropriation.
- Provided technical guidance to junior staff members regarding accounting principles, practices, procedures.
- Coordinated audits with both internal and external auditors to ensure accuracy of financial statements.
- Provided timely financial advice to senior management regarding investment opportunities and risk management strategies.
- Conducted financial analysis to identify potential areas of improvement and cost savings.
- Conducted audit procedures and documented results to evaluate internal control effectiveness.
- Oversaw all postings and reconciliation of ledgers and accounts.
- Evaluated budget plans and current costs to project trends and recommend updates.
- Monitored spending versus return to initiate strict cost containment approaches.
Assistant Accountant
St. Johns Medical Centre
Lusaka
03.2010 - 12.2015
- Prepared financial statements and reports for management review.
- Assisted in preparation of monthly financial statements and management accounts.
- Assisted with budgeting by providing data for forecasting.
- Prepared balance sheet reconciliations on a timely basis.
- Ensured compliance with relevant accounting standards and regulations.
- Managed daily banking transactions, including deposits, withdrawals, and transfers.
- Organized and maintained filing systems for all accounting documents.
- Prepared account analysis and reconciliation, including bank statements and intercompany general ledger accounts.
- Provided support for external auditors during annual audit engagements.
- Processed accounts payable and receivable invoices in an accurate manner according to company policy.
- Ensured compliance with relevant laws, regulations, policies, and procedures.
- Reconciled vendor accounts and ensured timely payment of bills and expenses.
- Monitored cash flow activities and forecast future cash requirements.
- Performed month-end close procedures such as journal entries and reconciliations.
- Reconciled bank statements and resolved discrepancies in a timely manner.
- Processed payroll entries and reports for employees.
- Assisted in month-end and year-end closing processes.
- Maintained confidentiality of financial information and employee records.
- Calculated and filed tax returns, ensuring compliance with local, state, and federal regulations.
- Managed daily bookkeeping functions with attention to accounts receivable, accounts payable, banking reconciliation and disbursements.
- Prepared month-end closing entries for detailed reporting and recordkeeping.
- Assisted with budget preparation and monitoring financial performance against it.
- Coordinated timely payments from vendors, clients, and account holders.
- Managed inventory records and conducted periodic counts to verify accuracy.
- Prepared ad-hoc financial reports as requested by management.
- Coordinated with external auditors to facilitate annual audits.
Assistant Accountant
Micro Bankers Trust
Lusaka
01.2004 - 03.2007
- Prepared financial statements and reports for management review.
- Assisted in preparation of monthly financial statements and management accounts.
- Assisted with budgeting by providing data for forecasting.
- Prepared balance sheet reconciliations on a timely basis.
- Ensured compliance with relevant accounting standards and regulations.
- Managed daily banking transactions, including deposits, withdrawals, and transfers.
- Organized and maintained filing systems for all accounting documents.
- Prepared account analysis and reconciliation, including bank statements and intercompany general ledger accounts.
- Provided support for external auditors during annual audit engagements.
- Processed accounts payable and receivable invoices in an accurate manner according to company policy.
- Ensured compliance with relevant laws, regulations, policies, and procedures.
- Reconciled vendor accounts and ensured timely payment of bills and expenses.
- Monitored cash flow activities and forecast future cash requirements.
- Performed month-end close procedures such as journal entries and reconciliations.
- Reconciled bank statements and resolved discrepancies in a timely manner.
- Processed payroll entries and reports for employees.
- Assisted in month-end and year-end closing processes.
- Maintained confidentiality of financial information and employee records.
- Calculated and filed tax returns, ensuring compliance with local, state, and federal regulations.
- Prepared month-end closing entries for detailed reporting and recordkeeping.
- Maintained accurate accounts for cash, fixed assets and other transactions.
- Reviewed general ledger entries for accuracy and completeness.
- Processed payroll transactions and maintained employee financial records.
- Prepared accurate financial statements in compliance with accounting principles.
- Assisted in the implementation of new accounting software and systems.
- Monitored internal controls to detect and prevent fraud.
- Updated financial systems with recent transactions and maintained digital and paper records.
- Conducted regular audits of financial transactions to ensure accuracy.
- Reconciled expenses and financial records.
- Prepared ad-hoc financial reports as requested by management.
Accountant
Compsource International Limited
Lusaka
01.2000 - 12.2003
- Coordinated with external auditors during the annual audit process by providing requested documents and responding to inquiries in a timely manner.
- Managed accounts receivable and payable, reconciled bank statements, and prepared financial reports.
- Assisted in the preparation of tax returns by gathering necessary information from clients and maintaining organized files with documents related to taxes.
- Reviewed invoices for accuracy and completeness prior to payment processing.
- Provided guidance to other departments regarding accounting policies and procedures.
- Prepared monthly closing entries for multiple companies' books of records.
- Performed general ledger reconciliations on a timely basis.
- Maintained up-to-date knowledge of Generally Accepted Accounting Principles guidelines.
- Reported on financial results including balance sheets, income statements, cash flow statements.
- Created journal entries accurately and timely for month end close processes.
- Monitored cash flows and prepared weekly cash projections.
- Monitored balance sheets and income statements to evaluate financial performance.
- Reviewed financial information detailing assets, liabilities, and capital.
- Performed audits of operational and financial areas to check compliance.
Accounting Intern
KABS Business Consultancy Limited
Lusaka
01.1999 - 12.1999
- Processed invoices in accordance with company policies and procedures.
- Reviewed and analyzed financial statements for accuracy and discrepancies.
- Assisted in preparing financial statements such as income statement, balance sheet, cash flow statement.
- Assisted in the preparation of budgets and forecasts.
- Assisted with month-end closing process, including preparation of accruals, prepaids, and other adjusting entries.
- Collaborated with other team members on special projects when needed.
- Processed invoices, payments, credit memos, and other accounting documents.
- Performed account analysis on balance sheet accounts.
- Generated reports using Microsoft Excel to track budget expenditures versus actual costs.
Education
Natianal Accounting Technician -ACA
Evelyne Hone College
Lusaka12-2000
Certicate in Accounting And Business Studies
ZIBSIP
Kitwe12-1998
Skills
- Ledger reconciliation
- General ledger accounting
- Financial Administration
- Internal controls development
- Debt management
- Credit analysis
- Expense Tracking
- Investment Management
- Financial Forecasting
- Cost Control
- Accounts Receivable
- Cash Flow Management
- Payroll Processing
- Internal Auditing
- Financial Statements
- Internal Controls
- Financial Planning
- Account Reconciliation
- Bank Reconciliation
- Accounts Payable
Languages
English
First Language
HOBBIES
- Singing
- Reading
- Football
Timeline
Finance Officer
Strategic Center for Health Metrics and Evaluation
01.2018 - Current
Finance Officer
Grants Research and Management Centre -Universty of Zambia School of Public Health
01.2015 - 12.2017
Assistant Accountant
St. Johns Medical Centre
03.2010 - 12.2015
Assistant Accountant
Micro Bankers Trust
01.2004 - 03.2007
Accountant
Compsource International Limited
01.2000 - 12.2003
Accounting Intern
KABS Business Consultancy Limited
01.1999 - 12.1999
Natianal Accounting Technician -ACA
Evelyne Hone College
Certicate in Accounting And Business Studies
ZIBSIP