Mulugeta Belete
Addis Ababa
Summary
Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Finance Manager
shining Stone International Business Plc (GC 1 Construction Company and Manufacturing ))
Addis Ababa
12.2023 - Current
- Reviewed and analyzed budget variances to ensure accuracy of financial information.
- Assisted in the development of internal controls to protect company assets.
- Evaluated existing processes within the finance department and identified areas for improvement.
- Managed payroll processing activities for multiple entities including tax filings.
- Maintained accounts payable and receivable records ensuring timely payments are made.
- Coordinated with other departments within the organization regarding budgeting matters.
- Calculated and prepared checks for utilities, taxes, and other payments.
- Analyzed sales activity to identify and correct cost errors or price discrepancies.
- Developed and implemented financial strategies to drive company growth and increase profitability.
- Managed relationships with investors, providing updates and addressing inquiries to maintain confidence.
- Prepared and analyzed financial statements to inform executive decision-making.
- Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
- Managed relationships with tax authorities, bankers and auditors.
- Created financial management mechanisms to minimize financial risk to business.
- Communicated with stockholders or other investors to provide information or raise capital.
- Invested funds and recommended appropriate dividend issuances based on historical dividend patterns and expected cash flows.
- Prepared financial documents such as budgets, forecasts and reports.
Deputy General Manager
shining Stone International Business Plc (GC 1 Construction Company and Manufacturing )
Addis Ababa
08.2022 - 12.2023
- Assist the General Manager in developing and implementing strategic plans.
- Oversee day-to-day operations and ensure operational efficiency.
- Manage and coordinate activities across various departments.
- Monitor financial performance and implement cost-saving measures.
- Develop and maintain relationships with key stakeholders.
- Ensure compliance with company policies and industry regulations.
- Lead and motivate a team of managers and staff.
- Identify and address operational issues and opportunities.
- Prepare and present reports to senior management.
- Support the General Manager in decision-making processes.
- Drive business growth and market expansion initiatives.
Finance and Administration Manager
shining Stone International Business Plc (GC 1 Construction Company and Manufacturing )
Addis Ababa
09.2019 - 08.2022
- Developed and implemented financial policies and procedures.
- Provided guidance on budgeting, forecasting and reporting processes.
- Organized the preparation of monthly, quarterly and annual reports for management review.
- Reviewed and monitored financial transactions to ensure accuracy and compliance with regulations.
- Monitored accounts receivable, payable activities to ensure timely payments, collections.
- Coordinated banking relationships, including opening new accounts, managing lines of credit and administering loan agreements.
- Oversaw payroll processing functions such as timekeeping, benefits administration and tax filing requirements.
- Prepared audit schedules for external auditors' review of financial statements.
- Maintained records of fixed assets inventory ensuring proper depreciation calculations.
- Identified areas of improvement in internal controls over financial reporting processes.
- Directed the development of systems for maintaining accurate records of all transactions.
- Negotiated contracts with vendors and suppliers for goods or services required by the organization.
- Generated expense, income, and open balances reports.
- Performed account reconciliations and conducted investigations into discrepancies.
- Supported budget, trend and forecasting operations to help company make financial plans.
- Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
- Managed relationships with tax authorities, bankers and auditors.
- Coordinated preparation of external audit materials and external financial reporting.
- Communicated with stockholders or other investors to provide information or raise capital.
Head of Finance Department
Merahi Inter. Business (Ethiopia Branch) -Manufacturing Company
Addis Ababa
08.2015 - 10.2017
- Used hedging to mitigate financial risks related to interest rates on company's borrowings.
- Communicated with stockholders or other investors to provide information or raise capital.
- Managed relationships with tax authorities, bankers and auditors.
- Conducted reviews and evaluations for cost-reduction opportunities.
- Analyzed actual financial results to budget, preparing variance reporting to functional groups.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
- Coordinated preparation of external audit materials and external financial reporting.
- Coordinated external audits, ensuring compliance with accounting standards and regulatory requirements.
- Supervised accounts payable and receivable operations, improving cash flow management and reducing outstanding debts.
- Coordinated with HR on payroll management and benefit fund allocations, ensuring accuracy and compliance.
- Negotiated contracts and agreements with vendors, suppliers, and service providers to reduce costs and improve terms.
- Negotiated terms of payment from suppliers to secure better discounts or favourable payment terms.
- Advised senior management on investment decisions based on sound financial principles.
- Provided timely advice on taxation matters such as VAT, Employee Income Tax, WHT , Pension and Profit Tax.
Finance and Sales Manager
B & C Aluminum Plc
Addis Ababa
05.2014 - 08.2015
- Developed and implemented strategies to increase sales and profitability.
- Conducted financial analysis of customer accounts, product lines, and market segments.
- Provided regular financial reporting on budgeting, forecasting, and performance metrics.
- Managed the day-to-day financial operations of the business unit.
- Collaborated with marketing team to develop promotional materials and campaigns.
- Prepared accurate reports on sales activity.
- Developed relationships with key customers to ensure satisfaction with service levels provided.
- Monitored competition within assigned territory or area of responsibility.
- Researched industry trends, competitive landscape, customer needs, and other data points to inform strategic planning initiatives.
- Organized periodic meetings with clients to review their account status and discuss potential opportunities for expanding the relationship.
- Developed sales plans, goals, strategies and objectives to achieve team goals and revenue objectives.
- Achieved company growth and brand development through market expansion and sales.
- Delivered sales presentations focused on offerings and unique advantages over competitors.
- Coached, developed and motivated team to achieve revenue goals.
- Directed and coordinated products, services and sales activities.
- Developed and significantly grew assigned territory using strong engagement and marketing skills.
Senior Accountant
Agri-Shere
Addis Ababa
12.2013 - 08.2015
- Maintained detailed records of account transactions, including invoices, payments, and journal entries.
- Assisted in developing budgeting processes and forecasting future revenue and expenses.
- Prepared monthly financial reports for management review.
- Monitored accounts payable activity to ensure accuracy and timeliness of payment processing.
- Analyzed general ledger accounts for accuracy and completeness on a regular basis.
- Provided support to internal and external auditors during the annual audit process.
- Reconciled bank statements to general ledgers on a monthly basis.
- Identified opportunities for cost savings through analysis of current business practices.
- Advised senior management regarding complex accounting matters such as taxation issues or capital investments.
- Created new procedures for more efficient workflow within the department.
- Coordinated with other departments on various accounting activities such as month-end close process or budget preparation.
- Assisted in preparing tax and Reporting to the government authorities.
- Trained staff members on proper use of accounting software applications.
- Managed daily closing, reporting and reconciliation functions.
- Updated and managed accounts payable databases, employing access controls to protect data.
- Preparing Payroll end of the month
- Preparing Local and Foreign Purchase Cost and Cost Breakdown
Accountant
Universal Food Complex Plc
Addis Ababa
08.2013 - 12.2014
- Reviewed invoices for accuracy and completeness prior to payment processing.
- Managed accounts receivable and payable, reconciled bank statements, and prepared financial reports.
- Performed general ledger reconciliations on a timely basis.
- Created journal entries accurately and timely for month end close processes.
- Managed accounts payable and receivable, improving cash flow management.
- Performed audits of operational and financial areas to check compliance.
- Posted financial data in Excel spreadsheets and managed inventory.
- Posted Purchase, Sales , Cost and Expense in Peachtree.
- Preparing Foreign Purchase Cost and Cost Break Down.
- Preparing Payroll Sheet every end of the month and Provide to
- Petty cash Handling and Posted in Peachtree.
Education
Bachelor of Arts - Accounting
Addis Ababa University College of Commerce
Addis Ababa07-2009
Skills
- Business Administration
- Supply Chain Management
- Customer Relationship Management
- Expense Control
- Account Management
- Sales
- Staff Supervision
- Team Player
- Profit and loss accountability
- Staff Motivation
- Communication
Certification
- Peachtree Accounting Soft Ware Training
- ISO Management System Training
Languages
English
Upper Intermediate (B2)
B2
Amharic
Proficient (C2)
C2
Afan Orormo
Proficient (C2)
C2
References
References available upon request.
Timeline
Finance Manager
shining Stone International Business Plc (GC 1 Construction Company and Manufacturing ))
12.2023 - Current
Deputy General Manager
shining Stone International Business Plc (GC 1 Construction Company and Manufacturing )
08.2022 - 12.2023
Finance and Administration Manager
shining Stone International Business Plc (GC 1 Construction Company and Manufacturing )
09.2019 - 08.2022
Head of Finance Department
Merahi Inter. Business (Ethiopia Branch) -Manufacturing Company
08.2015 - 10.2017
Finance and Sales Manager
B & C Aluminum Plc
05.2014 - 08.2015
Senior Accountant
Agri-Shere
12.2013 - 08.2015
Accountant
Universal Food Complex Plc
08.2013 - 12.2014
Bachelor of Arts - Accounting
Addis Ababa University College of Commerce