Tsegaye Geresu
Addis Ababa,Ethiopia
Summary
Accomplished professional with extensive expertise in strategic sourcing, supply chain management, and contract negotiation. Proven track record in inventory management, logistics coordination, and data analysis, driving cost reduction strategies and ensuring regulatory compliance. Adept at managing supplier and vendor relationships, leveraging technology proficiency in ERP systems and logistics software to optimise operations. Career goal includes leading innovative projects that enhance efficiency and sustainability within the supply chain sector.
Visionary leader with proven track record in strategic planning and organisational development. Demonstrates exceptional communication and leadership skills, paired with strong understanding of financial management and operational efficiency. Poised to drive significant growth and innovation within organisation.
Overview
19
19
years of professional experience
Work History
Deputy-Chief Executive officer of Finance & Facility
Yegna Microfinance S.C
Addis Ababa, Ethiopia
02.2024 - 03.2025
- Develop and implement financial strategies that support the MFI’s long-term goals
- Develop and implement financial policies and procedures in accordance with regulatory requirements and internal risk management guidelines
- Oversee all financial operations, including budgeting, forecasting, and reporting
- Ensure compliance with financial regulations and different laws of the country
- Manage relationships with internal & external auditors, regulators, and financial institutions
- Lead financial planning and analysis efforts to provide accurate and insightful business information
- Lead, Supervise and train finance and facility team; providing guidance and support to ensure efficient and accurate work process
- Monitor key financial metrics to identify business risks and opportunities
- Collaborate with other senior executives to drive financial performance across the organization
- Stay updated on government laws trends and market conditions, and use this knowledge to inform financial decisions and strategies
- Produce corporate financial reports to key stakeholders on timely basis
- Ensure all financial transactions are in align with the MFI’s policy and procedure, regulatory organ and concerned government agencies
- Develop and implement comprehensive facilities management strategies aligned with overall business objectives
- Oversee daily operations of all facilities, ensuring they are well-maintained and compliant with safety regulations
- Manage facility budgets, including forecasting and monitoring expenses to ensure cost-effectiveness
- Lead and mentor a team of facility management professionals, fostering a collaborative and high-performance culture
- Coordinate with external vendors and contractors for maintenance, construction, and renovation projects
- Ensure all facilities meet regulatory compliance standards and conduct regular audits for safety and efficiency
- Drive sustainability initiatives within facilities operations to promote environmental responsibility
- Managed cross-functional teams, promoting collaboration and productivity.
- Developed business strategies for market expansion.
- Negotiated key contracts to secure profitable deals.
- Established strong rapport with stakeholders to enhance business credibility.
Acting Deputy-Chief Executive officer of Finance & Resource Administration
Yegna Microfinance S.C
Addis Ababa, Ethiopia
08.2023 - 02.2024
- Conducted comprehensive risk assessments to mitigate potential issues.
- Evaluated market trends for informing business decisions.
- Managed cross-functional teams, promoting collaboration and productivity.
- Implemented new technologies, enhancing operational efficiency.
- Formulated fiscal budgets for controlling expenses.
- Identified revenue opportunities to boost financial growth.
- Achieved efficient operations by streamlining company processes.
- Led strategic planning sessions with top management teams.
- Advised on annual budgets and financial strategy to achieve company targets.
- Aligned group strategy and objectives with shareholder and stakeholder needs.
- Monitored operations to assess and highlight results.
- Partnered with management team to optimise operations and reduce costs.
- Put in place clear controls for financial administration and business management.
- Directed administration and optimisation of financial operations, payroll and accounting processes.
- Served as official representative of organisation to public groups or government agencies.
- Reviewed reports from subordinate management to identify areas of opportunity.
- Established budgets based on historical, current and forecasted business data.
Marketing & Business Development Manager
Yegna Microfinance S.C
Addis Ababa, Ethiopia
05.2022 - 08.2023
- Plans, organizes, coordinates and controls department operational activities and personnel of the department
- Prepare annual operational plans of the Institution by consolidating plans of each work unit based on the target set by Top Management
- Prepare strategic and short-term plans
- Promote fund raising activities
- Monitor and evaluates the execution of plans and reports discrepancies to the Chief Executive Officer
- Perform market research activities on specific issues and develop new products and services
- Develop innovative loan products and lending methods that take into account interest and needs of different categories of clients and market segments
- Study and identify new areas or target group requiring the services of Institution
- Investigate and find out customer’s reaction towards the services of Institution with regards to loan and collection processing, saving account processing, and the overall customer services activities
- Study and implement the various business ideas
- Also report those, which are not applicable what-so-ever under the current business environment
- Periodically review and revise the methods and criteria for evaluation of customers’ credit-worthiness
- Consider each branch and sub branch as a cost center and evaluate its performance in terms of both achieving the desired objectives and cost incurred and report results with proposed remedial actions
- Handle promotional and market development activities
- Facilitated training programs, boosting team performance.
- Steered project management to meet deadlines.
- Conducted market research for informed decision making.
Board Member
Yegna Microfinance S.C
Addis Ababa, Ethiopia
04.2021 - 03.2022
- Establish and approve policies that guide the MFI's operations
- Ensure adherence to relevant laws, regulations, and standards in microfinance
- Oversee risk management strategies to protect the institution's assets and ensure sustainability
- Help define and uphold the MFI's vision and mission
- Participate in formulating and approving long-term strategic plans and objectives
- Review and approve the annual budget and financial plans
- Monitor financial performance and ensure accurate reporting to stakeholders
- Assess the performance of the executive management team to ensure effective operations
- Review the social and economic impact of the MFI's programs on clients and communities
- Foster relationships with clients, communities, and stakeholders to enhance the MFI's reputation and outreach
- Ensure a robust succession plan for key management positions
- Disclose any potential conflicts of interest and act in the best interest of the MFI
- Promote a culture of transparency, accountability, and ethical behavior within the institution
- Regularly evaluate the board's performance and effectiveness
- Strive for diversity in board composition to reflect the community served
- Initiated strategic partnerships for increased organisational growth.
- Enhanced corporate image with effective public relations initiatives.
- Collaborated on business plans, resulting in successful execution of projects.
- Delivered guidance and strategic support to executive team.
- Chaired committee meetings for productive discussions and deliberations.
- Drove corporate social responsibility initiatives, enhancing community engagement and support.
- Established clear communication channels, improving stakeholder relationships.
- Facilitated constructive discussions during board meetings, fostering collaboration and harmony among members.
- Evaluated performance metrics regularly for continuous improvement in operations.
- Provided counsel during crucial negotiations, leading to favourable agreements.
- Recruited and managed senior staff with focus on delivering clear results.
Finance & Treasury Manager
Ethiopian Electric Power Corporation
Addis Ababa, Ethiopia
03.2014 - 10.2016
- Develop and implement financial strategies that align with the Authority's objectives
- Manage cash flow, working capital, and investment portfolios to maximize returns
- Oversee the preparation of financial reports, budgets, and forecasts
- Monitor and analyze financial performance against budgets and forecasts
- Ensure compliance with regulatory requirements and internal policies
- Collaborate with other departments to support strategic initiatives
- Lead and mentor the finance team, fostering a culture of continuous improvement
- Manage relationships with banks, investors, and other stakeholders
- Conduct financial risk assessments and develop mitigation strategies
- Prepare and present financial analyses and reports to senior management
- Managed daily cash flow for improved organisational liquidity.
- Analyst credit data and financial statements to assess the degree of risk involved in extending credit or lending money.
- Negotiated favourable terms with banking partners, improving cost efficiency.
- Coordinated cross-functional teams to execute strategic initiatives efficiently.
Finance Officer I
Ethiopian Electric Power Corporation
Addis Ababa, Ethiopia
08.2012 - 03.2014
- Check the availability of the budget and update the budget balance
- Prepare the budget utilization report
- Examine cash reports, allocating accounts and pass journal voucher
- Prepare bank reconciliation
- Petty cash replenishing, allocating of expense accounts and prepare journal voucher
- Prepare proper voucher for insurance payment
- Flows any transaction done in regions posted in a system; reconcile head office account to region and make sure it should be balance
- Makes sure regions withhold tax pay on time
- Annual clearance
- Input daily transaction in to Agresso System
- Prepared accurate tax statements, ensured timely submission to relevant authorities.
- Coordinated cross-departmental budget planning meetings, fostered interdepartmental cooperation.
- Facilitated efficient resource allocation by accurately forecasting capital needs.
- Updated financial records regularly for streamlined operations and better decision-making.
- Analysed complex financial data to provide insightful reports to senior management.
- Prepared information, forms and data to assist in seamless and efficient financial audit procedures.
- Provided financial performance reports as part of monthly reporting, monitoring data and information processing to minimise errors by [Number]%.
- Organised and carried out month-end, quarterly and year-end processes.
- Trained new employees on accounting principles and company procedures.
Customer care advocate III
Ethiopian Electric Power Corporation
Addis Ababa, Ethiopia
04.2009 - 08.2012
- Controlling the activity of electric bill sales
- Preparing sales summary and pass journal voucher
- Preparing service center monthly activity report
- Checks daily sales document
- Preparing quarter base report and annual report every activity bill sales, new electric connection, electric improvement and customer complain
- Handling customer compliance
- Preparing payroll and per dim
- Writing letters to customer to collect electric consumption bill any administrative communication
- Documented interactions with each client diligently, ensuring accurate record keeping.
Bill Cashier IV
Ethiopian Electric Power Corporation
Addis Ababa, Ethiopia
02.2006 - 04.2009
- Sales postpaid electronic consumption bill to the customer inter soled bill data in to CMS (Customer management system) online or LCA offline system and confirm the amount at hand match to the system
- Controlling the activity of electric bill sales
- Checks daily sales document
- Handling customer compliance
- Preparing payroll and per dim
- Preparing service center monthly activity report
- Cash collection from customer
- Trained new cashiers on store policies and procedures to maintain standards.
- Used Point of Sale system efficiently, speeding up transactions.
- Balanced till at end of day, maintaining accurate records.
Education
Diploma - Accounting
National College
Addis Ababa, Ethiopia 09.2004 - 07.2005
B.A. Degree - Accounting
Admas University College
Addis Ababa, Ethiopia 09.2006 - 07.2010
Master of Business Administration - Business Administration
American College of Technology
Addis Ababa, Ethiopia 02.2022 - 10.2024
Certificate - Peachtree Accounting
Admas University College
04.2001 -
Certificate - Basic Computer Application Courses
Datacom Computer Training College
Addis Ababa, Ethiopia 04.2001 -
Certificate - Introduction to Finance & Accounting
Addis Ababa University of Commerce
Certificate - Budgeting & Financial Control
Addis Ababa University of Commerce
Addis Ababa, EthiopiaCertificate - E-TRADE
Ethiopian Commodity Exchange
Addis Ababa, EthiopiaCertificate - Motivation & Work Cultures Management
Association of Ethiopian Microfinance Institution
Addis Ababa, EthiopiaSkills
- Proficient in Internet, Database, PowerPoint, Excel, and Word
- Customer relationship management software
- Visionary thinking
- People development and mentoring
- Continuous improvement initiatives
- Regulatory compliance
- Budget control
- Good ability to adapt to multicultural environments gained through my work experience
- High social interaction and an ability to work with others in harmony
- Ability to maintain confidentiality
- Excellent interpersonal skills and ability to organize and work under Pressure in a multi-cultural Environment
- Ability to perform detailed work, work of a confidential nature and/or to handle a large volume of work possibly under time constraints
- Excellent writing, negotiating, analytical and communication skills
- Demonstrable professionalism and leadership abilities;
- Good communication and planning skills;
Computer literate and well versed in the use of the Internet, Database,Power Point, Excel and Word
Languages
English
Advanced (C1)
Affiliations
- Reading,
- Networking with professionals
- Participating in social responsibility tasks
References
References available upon request.
Personal Information
- Place of birth: Addis Ababa
- Date of birth: 04/12/85
- Gender: Male
- Nationality: Ethiopian
- Marital status: Married
Custom
- Ato Mesfine Yilem, Corporate Financial Policy & Reporting Under CFO Division, 0911-552612, mesfine.yilmad@gmail.com
- Ato Abdureman Hussien, E.A.A.R. Marketing and Sales Manager, Ethiopian Electric Power Corporation, 0920-567979
- W/RO Ayelech Mamo, E.A.A.R. Finance and Supply Chain Officer, Ethiopian Electric Power Corporation, 0913-171955
- W/RO Tiruwork W/sembet, Treasury Manager, Ethiopian Electric Power Corporation, 0911-001743
- Wro Betlehm Tesfaye, Chairperson of Board of Directors, Yegna Micro Finance, 0911-247416
Timeline
Deputy-Chief Executive officer of Finance & Facility
Yegna Microfinance S.C
02.2024 - 03.2025
Acting Deputy-Chief Executive officer of Finance & Resource Administration
Yegna Microfinance S.C
08.2023 - 02.2024
Marketing & Business Development Manager
Yegna Microfinance S.C
05.2022 - 08.2023
Master of Business Administration - Business Administration
American College of Technology
02.2022 - 10.2024
Board Member
Yegna Microfinance S.C
04.2021 - 03.2022
Finance & Treasury Manager
Ethiopian Electric Power Corporation
03.2014 - 10.2016
Finance Officer I
Ethiopian Electric Power Corporation
08.2012 - 03.2014
Customer care advocate III
Ethiopian Electric Power Corporation
04.2009 - 08.2012
B.A. Degree - Accounting
Admas University College
09.2006 - 07.2010
Bill Cashier IV
Ethiopian Electric Power Corporation
02.2006 - 04.2009
Diploma - Accounting
National College
09.2004 - 07.2005
Certificate - Peachtree Accounting
Admas University College
04.2001 -
Certificate - Basic Computer Application Courses
Datacom Computer Training College
04.2001 -
Certificate - Introduction to Finance & Accounting
Addis Ababa University of Commerce
Certificate - Budgeting & Financial Control
Addis Ababa University of Commerce
Certificate - E-TRADE
Ethiopian Commodity Exchange
Certificate - Motivation & Work Cultures Management
Association of Ethiopian Microfinance Institution
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