JOSEPH PAAPA KOOMSON-BINEY
Internal Auditor
DOLLARD-DES-ORMEAUX,CANADA
Summary
Resourceful Financial Manager adept at supporting high growth technology and service organizations. Skilled in aligning people, processes and technology to achieve continuous improvement in operational processes. Well-versed in providing analytics with insight and influencing decisions that support growth and development.
Overview
40
40
years of professional experience
1
1
Certification
Work History
Finance and Operations Manager
Goodnews Co-operative credit union
08.2019 - 12.2023
- Preparation of monthly statement of assets and liabilities, Capital Adequacy Ratio (CAR), reserve assets ratio, analysis of Office account breakdowns and statement of income and expenditure
- Quarterly report on classification of loans and advances
- Preparation of clearing account reconciliation and inter-branch reconciliation
- Management of fixed assets and movement of assets registers
- Branch supervision
- Reconciliation of Office accounts suspense
- Training of staff
- Helped the Society from study group category to affiliated membership
- Regular and timely submission of prudential report to Other Financial Institution Supervision Department (OFSID) of Bank of Ghana
- Trainer of trainings.
Manager-Internal audit and compliance
Kakum Rural Bank PLC
04.1987 - 07.2019
- Checking of prudential returns to Bank of Ghana and ARB Apex Bank
- Evaluate internal controls that safeguard the bank’s assets and make recommendations for improvement
- Investigate fraud
- Evaluation of risks and efficacy of its risk management efforts
- Communicating audit findings, best practices, and recommendations to audit sub-committee of the Board of Directors
- Document the results of audit procedures
- Ensure that the bank is complying with relevant laws and statues
- Training of staff and Board members on internal controls and governance
- Attending audit committee meetings
- Liaise with external auditors and regulating bodies
- Preparation of internal audit program of work
- Conducting branch spot checks
- Introduced Assets-Liability Committee (ALCO) which supported the Board and Management to make strategic decision, monitor liquidity and to have oversight responsibility of risk management
- Introduced three-member evaluation committee, a senior staff and junior with the internal auditor being the chairman
- We independently evaluate the prices of non-current assets items submitted by the procurement committee.
Senior Clerk
Enyan-Denkyira Rural bank PLC
11.1983 - 04.1987
- Cashiering and calling over of transactional vouchers
- Writing of “Waste sheet”, Daily Balancing Summary (DBS) and Personal and Impersonal abstracts
- Posting of general ledger entries
- Balancing of general ledger
- Clearing account with Bank of Ghana reconciliation and inter-agency reconciliation
- I was able to clear all long unreconciled items over four(4) years, sitting in the bank’s clearing account with Bank of Ghana within six (6) months
- I uncovered some specie withdrew by the manager which were not received by the cashier and also not recorded in the bank’s treasury register.
Education
Institute of Certified Business Analyst &Consultants
Accra, Ghana08.2015
Graduate School of Governance and Leadership (GSGL)
Accra, Ghana07.2012
University of Cape-Coast
Cape-Coast, Ghana07.2008
Cape-Coast Polytechnic
Cape-Coast, Ghana07.2002
Edu’s Business Training College
07.1981
Skills
- Good interpersonal relationship
- Analytical abilities
- Risk management
- Attention to details
- Micro-soft (excel, word and power point)
- Integrity
- Critical thinking
Internal Controls
Cash Flow Forecasting
Credit analysis
Cost Control
Accomplishments
- Decreased company costs by 22 % through accurate financial modeling, budgeting and process improvements.
Languages
English
Professionalbodies
- The Institute of Internal Auditors (IIA) Ghana
- Global Business analyst
Accolades
- Ghana National Union of Polytechnic Students (GNUPS), National Treasurer, 08/2001, 07/2002
- Association of Polytechnic H.N.D Accountancy Student, Vice president, 08/2000, 07/2001
Personal Information
- Place of Birth: Ghana
- Date of Birth: 08/28/58
- Nationality: Ghanaian
- Marital Status: Married
Residentstatus
TEMPORAL RESIDENT WITH WORK PERMIT
References
- Mr. Edward Arko Donkor (CEO), Kakum Rural Bank PLC, P.O. Box EL.257, Elmina-Ghana, kakumbank@gmail.com, +233 244 673 495
- Mrs. Regina Turkson (CEO), Goodnews Co-operative credit union, Afia Sarpong street, opposite Goil fuel station, Amakom, Kumasi-Ghana, +233 244 758 410, +233 208 329 725, revreginaturkson@gmail.com
Hobbies and Interests
Football, reading and cooking
Affiliations
- Member of the Institute of Internal Auditos (Ghana)
- Global Business Analysts
Certification
Certified Business Analyst and Consultants.
Football, reading and cooking
a. I played association football when i was young. I'm a staunch supporter of Liverpool FC.
b. My wife is a caterer, so she coached me how to prepare both local and some international meals.
c. My profession entail a lot of reading, so it has become part of my work.
Timeline
Finance and Operations Manager
Goodnews Co-operative credit union
08.2019 - 12.2023
Manager-Internal audit and compliance
Kakum Rural Bank PLC
04.1987 - 07.2019
Senior Clerk
Enyan-Denkyira Rural bank PLC
11.1983 - 04.1987
Institute of Certified Business Analyst &Consultants
Graduate School of Governance and Leadership (GSGL)
University of Cape-Coast
Cape-Coast Polytechnic
Edu’s Business Training College
Certified Business Analyst and Consultants.
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