Summary
Overview
Work History
Education
Skills
Accomplishments
Affiliations
Certification
Languages
Timeline
Generic
Peter Ofori-Nuamah

Peter Ofori-Nuamah

SILVER SPRING,MD

Summary

Professional Summary

A visionary, dedicated, celebrated certified chartered accountant and executive in business management and finance with an unparalleled history of success spanning over 25 years in program management and operations in international economic development for the US Government and global multi-million-dollar grants partnership organizations.

Overview

28
28
years of professional experience
1
1
Certification

Work History

Principal Consultant, Grant, and Financial Mgt

PONA Group, Inc
03.2001 - Current

· Consult and assist over 90 clients (i.e., economic, and international development corporations, community-based organizations) in financial, contracts, grants, and cooperative agreements management.

· Re-engineer business processes and procedures to ensure compliance with government/donors' requirements resulting in savings of more than $6.4 billion for clients over 18 years.

· Implement trans-boundary and multi-country programs, providing accounting, budgeting, payment, financial analysis and management, and audit services.

· Provide services to ensure sound stewardship and accountability for appropriated funds and providing administrative support services for the organizations

Manage budgeting, accounting (including accounts payable), inventory and supply management, space management, procurement, telecommunications, and financial reporting within the agencies including OMB, HUD and the Treasury Department

Director, Business and Economic Dev. Finance

Department of Housing and Community Development
11.1999 - 03.2001

· Transferred with promotion to provide insight, leadership, and direction for the future D.C. economic growth agenda.

· Headed the Mayor's city gateway projects and affordable housing development in the city and managed a $2.5 billion affordable housing development fund which resulted in 25% homeownership for first-time homeowners.

· Managed the Office of Economic Development (DHCD) budget of over $450 million annually and staff of fifty-persons (50) team of professional economics and financial staffs. Achieved 25% small business setups, and 10% job growth for two successive years.

Developed DC Government’s contracts and procurement fiscal policy framework and instituted policies oriented toward increasing transparency of public spending and delivery of essential services which lowered our risk level from 19% to 2.5%. Achieved 25% new business setups, and reduced unemployment by 16%

Senior Systems Integration Manager

D.C. Office of Tax and REVENUE
06.1999 - 11.1999

· Seconded to lead a transition team of managers to install, test, and drive capacity development of the DC government; rolled out a new accounting system (from FMS to R-Star).

· Led the implementation, testing, and maintenance of the functional aspects of the Oracle E-Business Financials for Revenue and tax administration. Transitioned three financial Systems from FMS-MLS-R-Star with the D.C Government which improved the government revenue by reducing the tax process cycle by 45%.

Reduced tax litigation and restored the government's capacity to bill and collect revenues that restored the DC independence and released from US congressional controls and oversight.

Manager, Financial Operations

DC Housing Authority
11.1996 - 06.1999

· Recruited to assist a court-appointed receiver with a four-years mandate to restore affordable housing services and provided insight, leadership, and direction for future community development growth to residents of the District of Columbia. Restored the DC Housing Authority from receivership to an independent authority in two years.

· Managed the financial administration for the authority overseeing congressional earmarked Comprehensive Community Development Block Grants and multi-million annual Capital Development Grants for Affordable Housing development.

Restored over 2550 housing units through program reorganization and recouped $112 million previously disallowed costs and double payments by the Federal government (HUD).

Education

Master of Science - Financial Engineering

Chicago, IL
10-2024

Bachelor of Science - Business Administration And Accounting

University of Maryland Global Campus
College Park, MD
10-1990

Associate of Science - Accounting /Auditing Certification, ACCA.

University of Professional Studies
Accra, Ghana
10-1990

Skills

Key Skills & Competence

  • Accounting and Financial Management
  • Grants & Contracts Management
  • Business Planning and Analysis
  • International Programs development
  • Global Operations Efficiencies
  • QAQC, M&E, Audit and Compliance
  • Controllership & Decision Support
  • Financial and Budgetary Analysis
  • Accounting Software design
  • Federal Regulations controls
  • Administration, Logistics, and Security
  • Computers and Systems Integration
  • Representation and Fundraising
  • Project Mgt & Impact Analysis
  • Financial Modeling design
  • Investor Relations and Donor Support
  • Audit Risk Management
  • Bank Reconciliation
  • Excellent Team Leadership
  • Debt Restructuring/Refinancing
  • Oracle E-Business Suite Financials
  • Financial Reporting and Analysis
  • Budgeting and Variance Analysis
  • Strategic and Financial Planning
  • SAP FICO / Treasury Configuration
  • OMB A-21, A-87, A110, A-122, A-133
  • Indirect Cost Negotiations
  • Proficiency in J D Edwards, Oracle Financials, Phoenix, People Soft, MS Access, QuickBooks, Microsoft Dynamics GP (Great Plains), and Deltek Cost-point

Accomplishments

  • Developed DC Government’s contracts and procurement fiscal policy framework and instituted policies oriented toward increasing transparency of public spending and delivery of essential services which lowered our risk level from 19% to 2.5%. Achieved 25% new business setups, and reduced unemployment by 16%.
  • Transitioned three financial Systems from FMS-MLS-R-Star with the D.C Government which improved the government revenue by reducing the tax process cycle by 45%.
  • Reduced tax litigation and restored the government's capacity to bill and collect revenues that restored the DC independence and released from US congressional controls and oversight.
  • Restored over 2550 housing units through program reorganization and recouped $112 million previously disallowed costs and double payments by the Federal government (HUD).


Affiliations

  • Member - Institute of Chartered Accountants (ICA) – Ghana
  • Member - Association of Certified Chartered Accountants (ACCA), UK.
  • Member - National Association of Federated Tax Prepares' of America,
  • Board Member- International Human Rights Commission, Ghana.

Certification

Certifications:

International Federation of Certified Accountants (IFAC). England. - Association of Certified Chartered Accountants (ACCA)

Career Training Institute, Silver Spring, MD: - NetWare Administration & Engineering

DCHA/DCHCD, Washington, DC - Public Housing Accounting, Community Development Budget & Finance

Department of the Navy, Exchange Command, Bethesda, MD - Government Contracting Officer's Technical Representative

National Career Institution, Chicago, IL. - Corporate Accounting

Languages

English
Full Professional
French
Limited Working
Akan Twi
Native or Bilingual

Timeline

Principal Consultant, Grant, and Financial Mgt

PONA Group, Inc
03.2001 - Current

Director, Business and Economic Dev. Finance

Department of Housing and Community Development
11.1999 - 03.2001

Senior Systems Integration Manager

D.C. Office of Tax and REVENUE
06.1999 - 11.1999

Manager, Financial Operations

DC Housing Authority
11.1996 - 06.1999

Master of Science - Financial Engineering

Bachelor of Science - Business Administration And Accounting

University of Maryland Global Campus

Associate of Science - Accounting /Auditing Certification, ACCA.

University of Professional Studies
Peter Ofori-Nuamah