Business Consultant
Data Integrated Limited
Total years of experience :15 years, 2 Months
• Training company staff on performing risk assessments and implementing mitigation procedures
• Prepared the audit plan and shared with the audit department for implementation
• Implemented policies and procedures to create a company culture and achieve company goals
• Implemented regulatory compliance processes and procedures to mitigate regulatory risk
• Conducting audits to ensure controls were implemented.
• Establishing of the internal audit function for Jumia Kenya, an entity with annual revenues of $60 million.
• Implemented the annual audit plan
• Implemented policies and procedures to mitigate fraud and create company structure
• Reduced $ One million fraud by 70% through regular audits, recommending employee vetting and adequate background checks for staff in critical functions such as Finance, warehouse, package delivery, cash collection, and cash reconciliation.
• Reduced $99K Accounts Receivables by 24% in 4 months by implementing cash collection processes, reasonable collection targets, attractive commissions and issuing legal demand letters to defaulters.
• Implemented revenue and expenses forecasting procedures that provided the CEO with financial reports necessary to apply for funding.
• Managed a $60, 000 annual budget and ensured daily operations are financed and spending does not exceed budget.
• Created a formal payroll system to keep track of employee salaries and ensure payroll tax compliance.
• Made the company tax compliant by filing income taxes and statutory payments and avoided fines equivalent to 25% of the tax due.
• Negotiated Credit terms and secured appropriate collateral to mitigate credit risk.
• Recommended appropriate credit risk limits to customers that meet company credit criteria, thereby mitigating the risk of losses due to payment default.
• Prepared and distributed credit data reports for management to use in financial reporting.
• Helped the company avoid Sarbanes Oxley Act (SOX) non-compliance fines of up to $1 million by testing to verify that internal controls are implemented, and that financial statement information is accurate.
• Assisted company in meeting gas industry regulatory requirements by ensuring appropriate licenses are current, and gas storage equipment meets industry standards.
• Communicated deficiencies and corrective actions in oral or written format to the auditee and senior management.
• Performed remedial testing to verify action plans were implemented to correct noted deficiencies.
• Reviewed lower-level auditor work paper documentation for quality assurance purposes.
• Assisted in other special projects as needed.