Augustine Kwame Owusu Email and Phone Number

Head of the Directorate of Finance and responsible to the Vice Chancellor for the financial administration of the University in accordance with the provisions of Public Financial Management Act, 2016 (Act 921), Public Financial Management Regulations, Internal Audit Agency Act, 2003 (Act 658), Public Procurement Act, 2003 (Act 663) as amended by Public Procurement Act, 2016 (Act 914) and relevant International Public Sector Accounting Standards (IPSAS) and existing laws. a. Implementation of policies relating to accounting and financial management controls in the University;b. Responsible for the preparation of the Annual Operating Budget of the University;c. To call for and receive moneys due the University and make authorised payments on behalf of the University;d. To ensure that throughout the University, Proper Books of Accounts and Records of the Properties of the University are kept in a manner and form required by Council;e. To report to the Finance Committee, a case of failure to maintain the financial and other records of the University in the form required by the Council;f. To prepare Consolidated Accounts of the Units of the University and exercise oversight responsibility over the accounting functions of other self-accounting and income–generating units of the University;h. To advise on or raise funds for the University and in charge of treasury management including investing excess monies/funds and raising Overdraft facilities where needed;i. Liaising with Ministries, Departments, Agencies and organisations in respect of financial matters;j. Managing the finances and reporting compliance of various Donor and Special Funded Projects in the University;k. Providing leadership and mentorship to staff of the Directorate of Finance.

Report to the Group Managing Director and supervise the Time Keeping and Pay Unit, Cash Office, Stores and Buying and general accounting functions. a. Supervise effective and proper functioning of internal control procedures and accounting systems.b. Preparation of Monthly Management Accounts for the group and submitting other accounts and returns to management and board for decision making.c. Securing Bank Facilities for execution of projects and managing banking relationships.d. Liaising with Tax Consultants and External Auditors on the company’s tax management and audit of annual financial statements.e. Managing the group’s relationship with Statutory Bodies such as Ghana Revenue Authority, SSNIT and National Pensions Regulatory Authority.f. Preparing Contract Accounts and providing financial information on contracts. This helps project managers to monitor costs incurred, cash flows and profit on each running contract.g. Preparing comprehensive Overhead Analysis Report as a tool to monitor and control cost centers overheads.

Report to the Taysec Group Financial Controller with the under-listed roles and responsibilities:a. Responsible for all accounting activities for Taysec Facility Management Limited;b. Managing major material suppliers accounts of Taysec Group;c. Managing all subcontractors accounts of the three companies within the Taysec Group;d. Leading the preparation of Monthly Management Accounts of Taysec Construction Limited, Taysec Homes Limited and Taysec Facilities Management Limited;e. Supervising payroll preparation and accounting;f. Supervising the preparation of monthly and periodic accounts reconciliation including Banks Accounts, Suppliers, subcontractors Management Fees and Maintenance Fees/Service Charge;g. Managing Homeowners accounts balances to ensure the prompt payment of Service Charges;h. Coordinating the external auditing of the Taysec Group of companies.

Report to the Managing Director, supervise three (3) middle-level Managers and perform the following duties among others:a. Responsible for running and managing the full financial function of the company, including the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.b. Ensuring the cost-effective use of all financial resources, setting and controllingoperational and capital budgets as well as working with the Managing Director.c. Maintain and manage the internal financial processes, controls and systems at all operating locations including cocoa procurement.d. Liaised with banks to source COCOBOD seed fund guarantees for cocoa purchases and manage working capital to ensure smooth cash flow for smooth operations. e. Prepared monthly management accounts and other financial reports with variance analysis for management performance review meetings and decision-making purposes.f. Co-ordinated the preparations of company financial accounts for statutory audit in line with Ghana Companies Code provisions and Fairtrade premium reporting standards.g. Co-ordinated the preparation of company’s annual budget, by setting purchases targets and expenditure limits for district and area managers.h. Supervised payroll preparation and the prompt payment of statutory deductions to bodies concerned. i. Establish and maintain financial policies and procedures as well as analyse and evaluate the company’s financial performance and strategic position.

a. Helped managed RMU’s financial, accounting and monitoring and reporting systems, using acceptable accounting principles, concepts and conventions with due consideration to International Financial Reporting Standards;b. Ensured that all financial transactions within and involving RMU are done in accordance with the Financial Agreements and all other relevant Government of Ghana regulations;c. Regularly reviewed the University’s tax (VAT, Withholding Taxes and PAYE) position and advise management accordingly;d. Assisted in controlling revenues and expenditures of the university through preparation and review of annual budgets by acting as a budget officer;e. Prepared and submitted daily, weekly, monthly and annual financial statements as an integral part of the Management Information System to provide relevant information for a better financial decision;f. Processed monthly payroll for payment and ensure that SSNIT contributions and IRS-PAYE deduction are paid on schedule;g. Recommended improvements in management controls to safeguard the university’s resources, promote growth and to ensure compliance with prescribed rules and regulations;h. Acted as a liaison for RMU on all Financial and Accounting related issues with Get Fund (Project financing) and Ministry of Transport in sourcing government subventions (Administration, Service and Investment Activities) through Ministry of Transport. i. Revived the Finance Department’s Performance Improvement Team (PIT) to review standard operating procedures (SOPs) with the view of improving RMU’s standard practices/procedures as dictated by Quality Management System.j. Set Key Performance Indicators (KPIs) for each identifiable sector of the finance department.k. Implemented the recommendations arising out of 2008 external audit and 2009 first quarter Quality Control Audit to strengthen the University’s management controls

Reporting to the Managing Director and directly supervised forty-five (45) District Accountants and eight (8) Head Office Accounts Officers in the performance of the following duties:a. Sourcing COCOBOD seed fund guarantees for cocoa purchases through the financial institutions especially the banks.b. Assisting the company to secure bank overdrafts and other short-term loan facilities to augment working capital as a complement to funds obtained from the Ghana Cocoa Board. c. Prepared monthly management accounts and other financial reports for management meetings.d. Co-ordinated the preparations of company financial accounts for statutory audit in line with Ghana Companies Code provisions.e. Prepared the company’s annual budget, set purchases targets and expenditure limits for district and area managers. f. Prepared financial monitoring reports (financial reviews and analysis, performance reviews, budgetary control) for top management decisions on timely basis.g. Established, coordinated and monitored the company’s internal control systems and procedures to avoid/minimize fraud and protect assets and properties.h. Monitored cash transfers to the company’s operational areas for cocoa purchases and direct operational expenses.i. Ensured that operational areas are adequately resourced for smooth operation.j. Supervised the preparation of payroll, SSNIT and PAYE schedules on monthly and ensure that they paid on due dates to avoid penalties.k. Prepared KKL Tax Returns including Self-Assessment Tax for Large Taxpayers Unit (LTU) of Internal Revenue Service and handled all issues concerning the company’s tax obligations.l. Reviewed the whole accounting system of the company to improve the quality of accounting information and system for effective and efficient decision-making and financial reporting..

a. Managed Credit Balances and activities at the Accounts Payable Section. Drawing account payable payment schedule for management consideration and approval.b. Supervised the payment of all Head Office and Out-stations operational expenses after proper creditors’ reconciliation.c. Supervised data entries into Sun Accounting Software at Head Office by acting as Systems Accountant.d. Supervised and controlled activities and personnel at Pay Office.e. Played active role in the preparation of the Airline’s 1999 Financial Report.f. Helped in the successful implementation of SUN Accounting System in Lagos and New York offices of Ghana Airways Limited.