Nwachukwu Amarachi Favour Email and Phone Number
Committed and detail-oriented Accountant with 2 years’ experience in financial management, auditing and accounting operations. Demonstrated expertise in preparing financial statements, reconciling accounts and analyzing financial data to support decision making.
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Financial AccountantThe Fresh Place Ng Mar 2024 - PresentLagos State, Nigeria• Solely managing the accounting process for four branches, overseeing all financial operations, including daily transaction recording, reporting, and reconciliation, achieving a 98% accuracy rate in financial reports and reducing discrepancies by 20% through proactive issue resolution and demonstrating the ability to work under pressure and handle a high volume of tasks.• Implemented a robust internal control process for stock management, resulting in a 15% reduction in stock discrepancies… Show more • Solely managing the accounting process for four branches, overseeing all financial operations, including daily transaction recording, reporting, and reconciliation, achieving a 98% accuracy rate in financial reports and reducing discrepancies by 20% through proactive issue resolution and demonstrating the ability to work under pressure and handle a high volume of tasks.• Implemented a robust internal control process for stock management, resulting in a 15% reduction in stock discrepancies and improved inventory accuracy, enhancing overall operational efficiency.• Established cost pricing and selling price structures for products. This initiative enabled the business to make informed pricing decisions.• Prepared comprehensive stock sheets that provided valuable insights into inventory levels and trends, enabling better tracking of supplier deliveries and verifying the accuracy of received goods across all stores. This led to a 10% reduction in excess stock and minimized holding costs.• Trained cashiers and staff on sales recording and stock movement processes, fostering a collaborative work environment and increasing team efficiency by 30% through improved knowledge sharing and skill development.• Conducted periodic physical stock counts, improving inventory management practices.• Utilized accounting software to generate timely weekly sales performance reports and monthly financial statements, providing valuable insights that supported strategic decision-making.• Managed cash disbursements for operational expenses across branches, maintaining accurate petty cash management, reducing cost of operation and demonstrating strong organizational and multitasking abilities. Show less -
Account AssistantAyhomes Jul 2023 - Mar 2024Lagos State, Nigeria• Prepared commission payments to clients, ensuring accurate calculations and timely disbursement, enhancing trust and long-term business relationships.• Processed and maintained records of cheques, tracking those that were issued, collected or outdated, improving financial record accuracy and reducing discrepancies.• Handled customer inquiries related to pending payments and payment structures, providing clear explanations that improved client satisfaction and streamlined the payment… Show more • Prepared commission payments to clients, ensuring accurate calculations and timely disbursement, enhancing trust and long-term business relationships.• Processed and maintained records of cheques, tracking those that were issued, collected or outdated, improving financial record accuracy and reducing discrepancies.• Handled customer inquiries related to pending payments and payment structures, providing clear explanations that improved client satisfaction and streamlined the payment process.• Prepared invoices and updated accounting files as required, contributing to efficient financial operations and effective record management.• Utilized accounting software to generate comprehensive financial reports, providing key insights for management decision-making.• Supported the Accounts Payable and Accounts Receivable managers in tracking pending invoices, ensuring timely payments and improved cash flow management.• Completed assigned tasks within established deadlines, maintaining operational efficiency and ensuring smooth financial processes. Show less -
Audit AssociateMuoghalu Emmanuel & Co (Chartered Accountants) Jan 2023 - May 2023Lagos State, Nigeria• Assisted the accounting and audit teams in performing detailed financial audits, focusing on compliance with financial regulations and standards.• Prepared and managed audit budgets, ensuring cost-effective allocation of resources for each audit project.• Verified company financial information by reviewing transactions, ledgers, and balance sheets, identifying discrepancies, and suggesting corrective actions.• Planned and executed financial audits, assessing internal control… Show more • Assisted the accounting and audit teams in performing detailed financial audits, focusing on compliance with financial regulations and standards.• Prepared and managed audit budgets, ensuring cost-effective allocation of resources for each audit project.• Verified company financial information by reviewing transactions, ledgers, and balance sheets, identifying discrepancies, and suggesting corrective actions.• Planned and executed financial audits, assessing internal control systems, financial reporting accuracy, and risk management practices to ensure regulatory compliance.• Resolved tax-related issues for clients by liaising with the Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS), ensuring timely resolution of disputes and tax compliance.• Registered clients on the TaxProMax platform, filed tax returns, and successfully obtained Tax Clearance Certificates, helping clients remain in compliance with local tax regulations.• Prepared invoices using invoice, ensuring accurate billing for audit services provided.• Produced detailed audit reports and statements for company management, delivering actionable insights for decision-making.• Resolved client audit queries efficiently, enhancing client satisfaction and trust in the audit process. Show less
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Accounting InternCharis Black Projects Jul 2022 - Oct 2022Nigeria
Nwachukwu Amarachi Favour Education Details
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Accounting
Frequently Asked Questions about Nwachukwu Amarachi Favour
What company does Nwachukwu Amarachi Favour work for?
Nwachukwu Amarachi Favour works for The Fresh Place Ng
What is Nwachukwu Amarachi Favour's role at the current company?
Nwachukwu Amarachi Favour's current role is Financial Accountant at The Fresh Place.
What schools did Nwachukwu Amarachi Favour attend?
Nwachukwu Amarachi Favour attended Imo State University.
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