Majora Somba Email & Phone Number

Detroit, MI, US

 Led financial strategies for an agribusiness start-up with a projected annual spend of USD 45 million, planned shareholder bridging finance of USD 3.4 million. Developed and implemented policies for the finance department, setting up function structure and securing board approvals. Managed risk assessments, creating comprehensive risk registers to.

London, London, GB

 Managed a diversified funding base of USD 3.2 million, including partnerships with KIVA Microfunds, Grameen Foundation, Global Partnerships Social Investment Fund, Lendwithcare, SIDI. Directed budgeting processes, aligning with strategic goals and improving cash management to minimize liquidity risk. Led the creation of a product performance tool that.

Blantyre, Southern Region, MW

 Spearheaded financial reporting for a bank with a balance sheet of USD 463 million, and annual profitability by USD 19 million. Led development and enforcement of internal control protocols for financial reporting as well as external and internal audit coordination, ensuring compliance with IFRS. Managed tax compliance and led finance team. Led IFRS.

MW

 Played a key role in recapitalizing the bank, securing USD 1.7 million and reducing operating costs by USD 4.6 million. Championed cost-cutting initiatives through effective expense management, aligning with CEO objectives and optimizing operational efficiency (reduced operating cost base by USD 4.6 million from USD 7.9 million to USD 3.3 million)..

 Pioneered the establishment of the finance function for New Finance Bank (initial owner shareholder funds of USD 5 million), defining systems, departmental roles, and correspondent bank relationships, enhancing operational efficiency and regulatory compliance. Implementation of a formal payroll process across the entire bank, ensuring accuracy and.

Blantyre, Malawi, MW

 Managed budgeting for a public sector entity with a USD 27M opex and USD 13M capex budget, and headcount of 900 employees. Directed a team of 23 members to complete external audits within statutory timelines, achieving unprecedented efficiency in the public sector. Directed a team of 7 members in the management accounting department, ensuring.

Blantyre, MW

 Spearheaded the establishment of the finance function at CDH Investment Bank, including defining systems, departmental roles, and financial reporting protocols, ensuring efficient operations from inception. Provided leadership to a team of 6 finance professionals, ensuring accountability in financial reporting and analysis. Oversaw the preparation and.

Lilongwe, MW

 Facilitated mid-term budget reviews, revised estimates, and engaged in monthly and quarterly forecasting, ensuring alignment with corporate guidelines. Led the budgeting and forecasting process for the CIB unit and the entire bank, ensuring alignment with strategic objectives and facilitating informed decision-making by senior management and.

GB

 Led external audit teams covering investment funds (domiciled in the Cayman Islands or the British Virgin Islands, mainly reporting under IFRS), ensuring IFRS or UK GAAP compliance. Mentored staff to achieve engagement, annual, and career goals, fostering a culture of continuous development and achievement. Managed teams of up to 20 professionals.

Georgetown, Grand Cayman, KY

 Worked on hedge fund clients (mainly reporting under IFRS and US GAAP. Structured as master-feeder funds and fund of funds, employing various investment strategies), ensuring IFRS or US GAAP compliance. Conducted comprehensive audit fieldwork and gathered evidence to facilitate Manager review and Partner signoff, ensuring accuracy and compliance with.

Toronto, ON, CA

 Led external audit teams across diverse sectors (varied sector clients-tobacco processing, retail chain, shipping, transport, UN agency, donor projects, microfinance, agriculture, parastatals, SOX engagements for local subsidiaries of SEC listed parent companies), ensuring IFRS compliance or preset guidelines, and identifying control weaknesses for.

Fcca

Accounting Technician Diploma

Bsc Civil Engineering

O-Levels

Cma Candidate