KOFI NKANSAH
ASSISTANT CONTROLLER
Romeoville,IL
Summary
Results-oriented Accounting and Finance Professional with expertise in month-end and year-end closes, financial reporting, and cash management. Specializes in consolidations, accounts payable, inventory analysis, and internal controls. Experienced in preparing borrowing base certificates and analyzing financial variances while coordinating audits and collaborating with leadership to improve financial visibility and business performance.
Overview
1
1
Language
13
13
years of professional experience
Work History
Assistant Controller
NORKOL INC.
04.2019 - Current
- Manage month-end and year-end close processes, including financial analysis, account consolidations, and preparation of monthly and annual financial reporting packages.
- Prepare and maintain Line of Credit Borrowing Base Certificates, ensuring accurate reporting and compliance with lending requirements.
- Oversaw periodic external audits and internal control processes, coordinated documentation, and supported audit requests to ensure compliance and accuracy.
- Managed aged inventory reporting and analysis, identified trends, and supported initiatives that enhanced inventory management practices.
- Calculate and process monthly commissions for both 1099 independent sales representatives and payroll-based sales representatives.
- Monitor monthly operational wrapping-supplies expenses and analyze wrapping-supplies inventory to identify variances and opportunities for cost control.
- Analyze monthly labor variances, identify key cost drivers, and collaborate with Operations to implement initiatives aimed at improving labor efficiency and reducing scrap.
- Partner with labor agencies and operational leadership to track, analyze, and report on outside labor and internal labor efficiencies.
- Prepare monthly cost allocations across production departments to ensure accurate departmental financial reporting.
- Supported CEO, CFO, VP of Sales, and Controller with financial analysis, special projects, and reporting to facilitate informed decision-making.
- SYSTEMS & TECHNOLOGY
- ERP / Accounting: Sage 500, CieTrade, QuickBooks (Online)
Staff Accountant
DS SMITH, EXTRUSION
06.2017 - 04.2019
- Lead the month-end closing process for the Extrusion USA business entity, oversaw AP accruals, intercompany reporting, material usage, inventory, work order accounting close, account reconciliations, and related close activities.
- Performed monthly work order variance analysis, investigated material, labor, and production variances and provided financial insight into manufacturing performance.
- Prepared monthly sales broker commission calculations and supporting reports.
- Managed accounts payable processes, executing payment runs, batches, check printing, and vendor ACH payments while ensuring timely uploads of financial files and payment data to company banking platform.
- Maintained and updated material costs in system, enabling accurate inventory valuation, product costing, and financial reporting.
- Managed the sale of receivables process, coordinating with banking partners and supporting the receipt and recorded of funding.
- Managed sales orders, customer invoicing, and related Accounts Receivable processes, ensured accurate and timely transaction processing.
- Supported accurate financial reporting through account reconciliations, transaction review, inventory accounting, and month-end close procedures.
- Utilized SAP and QAD to manage accounting, manufacturing, inventory, sales, purchasing, and financial transactions.
- Collaborated with internal departments, vendors, customers, and banking partners to resolve financial and transactional issues, ensuring timely completion of accounting activities.
- SYSTEMS & TECHNOLOGY
- ERP / Accounting: SAP, QAD
- Expense Management: Concur
- Banking: Online Banking Platforms, ACH Processing, Electronic Financial File Uploads
Plant Accountant
INTERNATIONAL PAPER
01.2014 - 06.2017
- Lead month-end closing processes for plants within an assigned region, including AP accruals, freight accruals, material usage, inventory, intercompany transactions, joint venture transactions, and related close activities.
- Managed intercompany transactions and month-end accounting batches, ensured accurate and timely completion of the financial close.
- Investigated and resolved financial discrepancies with vendors, identified root causes, and implemented resolutions that streamlined processes and enhanced operational efficiency.
- Managed intercompany transactions and month-end accounting batches, ensuring accuracy and timeliness of the financial close.
- Led and oversaw both Accounts Payable and Accounts Receivable functions, ensuring accurate transaction processing, account reconciliation, and timely resolution of issues.
- Led and managed plant grade and product management systems, maintained accurate product-related financial and operational information.
- Partnered with plant managers and operational leadership to analyze financial information, resolved accounting issues, and supported plant-level business objectives.
- Provided administrative and operational support to managers, assisted with special projects and additional workload.
- Provided administrative and operational support to managers, assisted with special projects and additional workload as needed.
Education
BBA - Accounting Major
Benedictine University
Lisle, IL 05.2001 -
Skills
Sage 500 / CieTrade / QuickBooks (Online)
Month-end close
Preparing financial statements
Financial statement prep
Financial statement review
Variance analysis
Variance resolution
Financial statement prep
Financial document review
Year-end closings
Team collaboration
Teamwork and collaboration
Timeline
Assistant Controller
NORKOL INC.
04.2019 - Current
Staff Accountant
DS SMITH, EXTRUSION
06.2017 - 04.2019
Plant Accountant
INTERNATIONAL PAPER
01.2014 - 06.2017
BBA - Accounting Major
Benedictine University
05.2001 -