Francis Addai - Cima- Msc - Financial Analyst And Treasury Email & Phone Number

Dunton, England, United Kingdom

• Responsible for annual budgets, monthly forecasts, variance analysis and wholesale pricing analysis for seven European Alliance markets; preparation of management accounts and working closely both internal and external.
• Collaborating with Location Finance Managers to produce annual budget for management approval and for consolidation into FCE Group.
• Providing month end management accounts including variance explanations to locations’ senior management.
• Preparing regular and ad-hoc receivables & yield analysis including wholesale pricing to support business decisions.
• Completion of annual operating costs for the seven markets for pricing purposes.
• Support queries regarding annual financial statements from external auditors.

• Supporting the FCE tax department in the areas of tax audits & compliance support as well as tax accounting and internal controls. This role primarily involved providing analytical and accounting support to the FCE tax.
• Led month end tax accounting close, including effective rate reconciliations and current/deferred tax provisions.
• Coordinated the bi-annual tax invoice recharges between FCE and Ford Motor Company as well as processing third party invoices for payment.
• Supported and liaised with locations & central departments to respond to tax audit queries.
• Assisted with the preparation and maintenance of new tax procedure and policy documentation.
• Led the update and distribution of annual FCE Local File Transfer Pricing documentation.

• Supervising and training of colleagues in low-cost country to part transfer the process of consolidating and validating data for budget/forecasts from FCE cost centre managers, appox. (£135m).
• Assisting to resolve outstanding year-end service fee queries for locations and tax auditors.
• Supporting the European Financial Analysis team with planning and implementation of 2021 service fees forecast and to prepare for 2022 Budget and Business Plan.

• Processed invoices and payments, accruals, prepayments, depreciation and other control accounts journals using Sage Line 50 and QuickBooks as per policies and procedures.
• Produced monthly, quarterly and annual management accounts for management team.
• Prepared, reconciled and submitted VAT return to HMRC and maintained Fixed Asset register.

• Delivered quality guidance to cost centre managers aimed at ensuring timely and accurate budget and forecasts submissions. Managed consolidation of FCE central office costs, including commentary on variances versus.
• Provided an overview and detailed analysis of all cost centres by consolidating annual budget and quarterly forecasts of FCE central office costs, approx. £135m.
• Facilitated recognition of revenue and incurred expenses by preparing month-end accruals and prepayments journals for posting into PeopleSoft General Ledger.
• Maintained seamless monthly central service fee invoicing process, including journal postings and reconciliation of central service fee income.
• Ensured accuracy of financial statements by delivering quality support in conducting month-end operating cost analysis and investigation and resolving month-end journal discrepancies
• Conducted and formulated year-end service fees true-up analysis and reports, developed actuals to budget comparison report and presented variance explanation to senior management for informed decision making.

• Maintained consistent collaboration with Treasury department with a keen focus on ensuring treasury accounting is covered for new EMTN issuances. Key Contributions:
• Ensured accurate unsecured debt accounting and maintained IFRS debt balances and associated borrowing costs for unsecured debt monthly.
• Worked closely with Ford Credit North America (FCNA) to provide supporting debt documents for FCE statutory accounts
• Monitored and maintained a record of audit engagements, including costs and payments.

London, United Kingdom

• Responsible for production of monthly quarterly and full-yearly management accounts on treasury related transactions in accordance with UK GAAP/IFRS.Key Contributions:
• Provided up-to-date financial information to senior management by preparing monthly management accounts, posting of accruals, prepayments and bank reconciliations.
• Reconciled forecast interest expense and interest cash flow to actual results on period-by-period basis and investigating variances.
• Managed a schedule of loans due for renewal/repayment to ensure compliance.
• Prepared annual financial analysis and schedules for external auditors and tax department.
• Comprehensive knowledge of money market, foreign exchange, Euro commercial paper, interest rate and currency swaps and relevant accounting standards.

Msc, Business Information Technology

Education record