Aggray Kalu

Detail-oriented and results-driven Accountant with 5 years of comprehensive experience in financial operations, including 3 years specializing in treasury management and 2 years in accounts payable. Proven expertise in cash flow forecasting, bank reconciliations, liquidity management, and vendor payment processing. Adept at maintaining internal controls, optimizing payment cycles, and ensuring compliance with financial regulations.

Strong analytical skills combined with a proactive approach to problem-solving and cross-functional collaboration. Committed to driving operational efficiency and supporting strategic financial initiatives.

Treasury Accountant at Pwani Oil Products Limited (2023-07 – Present)

• Oversee daily cash positions across multiple bank accounts and payments channels.
• Ensure funds availability for operational needs, settlement activities and customer payouts.
• Implement best practices from global payment companies (Visa) for real-time tracking of transactions and float management.
• Develop short-term and long-term cash forecasts to anticipate funding requirements and plan for investment opportunities.
• Analyzing historical cash flows, current financial data, and future business plans to accurately predict cash needs.
• Overseeing day-to-day treasury operations, such as processing payments, posting customer receipts and cheque, reconciling bank accounts, petty cash management etc.
• Maintaining relationships with banks and financial institutions, negotiating terms for banking services, and managing bank accounts. Oversee bank transactions.
• Optimize the capital structure in alignment with the company's growth and regulatory requirements.
• Work with the executive team (CEO) to define and execute capital-raising strategies.
• Provide treasury related insights ensuring robust liquidity planning for scaling products and operations across African markets
• Prepare financial reports related to cash flow, liquidity, and treasury activities for internal and external stakeholders.
• Identify, measure and manage financial risks (interest rate risks, foreign exchange risk and credit risk).
• Develop hedging strategies to mitigate exposure in multicurrency environments common in African cross border transactions.
• Ensure compliance with relevant financial regulations and accounting standards.
• Stay updated on changes in regulations that could impact treasury operations and implement necessary controls to maintain compliance.
• Collaborating with other departments, such as supply chain, marketing, sales and marketing, to support their financial needs and objectives.
• Identifying opportunities for process improvements and efficiency gains within the treasury function, including the adoption of new technologies and best practices.

Accounts Payable Assistant at Pwani Oil Products Limited (2021-06 – 2023-06)

• Receiving, verifying, and processing supplier invoices, ensuring they match purchase orders and receiving reports.
• Coding invoices accurately to the appropriate general ledger accounts and cost centers. Entering invoices into the accounting system for payment processing.
• Preparing and processing payments to suppliers via checks, electronic funds transfers (EFT), wire transfers, and other payment methods.
• Ensuring timely payment of invoices to take advantage of early payment discounts and avoid late fees.
• Reconciling payment batches and resolving any discrepancies.
• Maintaining accurate and up-to-date vendor records, including contact information, payment terms, and banking details.
• Communicating with suppliers to resolve invoice discrepancies, payment issues, and other inquiries.
• Ensuring compliance with company policies and procedures for vendor setup and management.
• Reconciling accounts payable transactions, including supplier statements and the general ledger.
• Preparing month-end and year-end closing reports, ensuring all accounts payable transactions are accurately recorded.
• Ensuring compliance with internal controls, policies, and procedures related to accounts payable processes.
• Conducting periodic audits of accounts payable transactions to identify and rectify any discrepancies or irregularities.
• Ensuring compliance with tax regulations.
• Processing employee expense reports, ensuring compliance with company policies and accurate coding to the appropriate accounts.
• Verifying supporting documentation for expenses and ensuring timely reimbursement to employees.
• Monitoring and controlling company expenses to ensure adherence to budgetary constraints.
• Working closely with the procurement and inventory management teams to ensure accurate matching of purchase orders, receiving reports, and invoices.
• Collaborating with the treasury team to support cash flow management and financial planning.
• Coordinating with the production department to understand payment schedules and requirements for raw materials and other supplies.
• Continuous reviewing and improving accounts payable processes to streamline operations and reduce processing time.
• Implementing best practices and new technologies to improve the accounts' payable function.
• Investigating and resolving disputes with suppliers regarding payment discrepancies, damaged goods, or incorrect invoices.
• Coordinating with internal departments to gather necessary information and documentation to resolve issues. Maintaining documentation of disputes and resolutions for future reference.
• Assisting in the budgeting and forecasting process by providing insights into historical payment trends and expected future expenses.
• Any other duty as assigned by Senior Executive Accounts payable.

Bachelor of Commerce in Finance – Lukenya University (2021-11)

Secondary School Certificate – Canon Kituri Secondary School (2017-12)

Primary School Certificate – Kadzandani Primary School (2013-12)