Financial & Tax Consultant
Mabrook Computers Limited, Hu One Constructions Limited, Aqsa Investment Limited and Hanat Ltd
مجموع سنوات الخبرة :17 years, 10 أشهر
ORGANIZATION: Mabrook Computers & Electronic Limited, Hu One Constructions Limited, Aqsa Investment Limited, Hanat Construction Limited and Hanat Investment Limited ¬ (January 2014 - To Date)
POSITION: FINANCIAL & TAX CONSULTANT.
Achievements
> Reduced expenditure and cost by streamlining operations and designing a financial framework that control daily recurrent expenditure against annual budget plan.
> Decrease of statutory compliance risk by putting into place efficient time bound internal procedural system that ensure submission of statutory deductions before due date. This system cut cost associated with penalties, fines and interests a raising due to failure to comply with statutory requirements.
> Trained finance staffs of the client company on Monthly Valued added tax calculation and filing on due dates
> Put in place a systematic internal control system and procedure of classifying various transactions of the client companies through itemization for easy day to day administration and supervision.
Responsibility
> Annual Income tax return calculation and filing with relevant state authority and preparing Client Company’s financial statement of affairs.
> Administration and management support and advice.
> Investment projects viability, risk and cost analysis and evaluation
> Investment performance monitoring and evaluation analysis and reporting.
> Assurance of internal system process output in line with transactions completeness, reliability, accuracy, and quality and prevention/mitigation level of any inherent risk.
ORGANISATION: WATER AND DEVELOPMENT COMMITTEE (January 2013 -Dec 2013)
POSITION: FINANCIAL CONSULTANT
Achievements
➢ Setting up a very strong and transparent financial control system that has reduced duplication of work, stock misuse and wastages, unnecessary suspense expenditures and risk of fraud by 25%.
➢ Improve the financial statements and fiscal management through formulation of departmental annual work plan in line with budget plan and ceiling and strict adherence of implementation procedure.
➢ Increased accuracy, completeness and reliability of financial records and annual budget that improved organization operation and decision making process.
➢ Achieve the success of various humanitarian programs through accountability and transparency on donor funds by put in place adequate measure of monitoring spending and expenditures and formulating & implementing a supervision and coordination policy that increased staffs performances and output by 50%.
Responsibility
➢ Formulation of Financial policy and procedures for financial operations and control system.
➢ Reporting to the Executive directors on annual financial statement, budget and financial position of the organization after financial analysis and review of the quality, reasonability, accuracy and completeness of financial information and work of finance staffs.
➢ Review and evaluate Annual organization recurrent and development budget planning, process and spending and preparing Donor reports.
➢ Financial advice to top management on programs financial system and process to enhance programs accountability and transparency.
➢ Supervision and coordination policy for finance & procurement staff to enhance quality performance/output and departmental annual work plan
(June 2008 TO Nov 2012
POSITION: FINANCE ASSISTANT.
➢ Increased efficiency and performance of finance staffs through teamwork, motivation, good communication and proper division of duties that lead to complete, accurate and reliable qualitative financial documents, and books of accounts and reports that has reduced audit queries, financial malpractice, overhead cost and suspense account.
➢ Timely, complete and accurate monthly bank and cash book reconciliation statement, consolidated reconciliation statements of vote book commitments, actual expenditures, budget allocations and timely summary report.
➢ 65% decrease of outstanding imprest issued to officers not yet surrendered through implementing a strategic plan of control and management of imprest account, and payments of suppliers and merchants for the services/supplies to the head offices from 10 days process to 3 days process.
➢ Timely process and payment of tax and other statutory deductions without errors, queries and compliance risk and accurate and complete annual budget and revised budget. The head office has been awarded and recognized by Kenya revenue authority as one of the best tax payers of the year 2011.
➢ Initiated and implemented career development training plan for Head office finance staffs. This motivated the finance staffs, improved team work and quality performance.
Responsibility
➢ Ledger accounts management, Annual budget planning and reconciliation of budget allocations, expenditure returns, imprest account, ledger account, and vote book
➢ Monthly monitoring reports of expenditure returns and issuing authority to incur expenditure to various districts offices (quarterly budget allocation to 28 district offices) . Imprest warrants issue and surrender and monthly imprest status report and maintaining and updating bank accounts of the project.
➢ Managing and processing of supplier's Payment vouchers, Monthly staff payroll and statutory deductions, receipt vouchers and Reconciliation of cashbook and bank statements.
➢ Vote book maintenance, closure of financial year book of accounts and closely working with external auditors during audit engagement, Training, and coaching finance interns.
ORGANISATION: AQSA INVESTMENT LTD
POSITION: FINANCIAL CONTROLLER (Jan 2011 to March 2012)
PARTIME Job
Achievement: ➢ Implemented a proper, operational financial control system that reduce expenditure by 30% on construction projects, 15% tax liabilities and risk associate with compliance and statutory requirement.
➢ Increased Gross profit and income by 25% per annum through proper financial planning and procedures that cut down costs and prevent risk of financial misappropriation.
➢ Improved investment decision making process that lead to decrease of investment losses by 50% and increase of earnings by 15% per annum
➢ Decreased of 85% losses incurred from damaged/stolen inventories and other assets by setting up proper system accounts and prevention/mitigation measures for potential risks.
Responsibility: ➢ Preparing financial statements, balance sheet and cash flow statements.
➢ In charge of cash and bank account management.
➢ Preparing and filing tax returns on monthly and yearly basis.
➢ Budgeting and estimates planning for construction projects, approving, work in progress reports, monitoring and verify all payments and review of supplies documentation.
➢ Assessment, Financial analysis and evaluation of investment projects profitability.
➢ Financial forecasts and projection, analysis and evaluation using Discounting rate of return/Average rate of return/Net realizable value/Pay back rate, and coding of expenditure per item and main items for budget and operation.
ORGANISATION: MINISTRY OF STATE FOR DEVELOPMENT NORTHERN KENYA AND OTHER ARID LANDS
ARIDLANDS RESOURCE MANAGEMENT PROJECT
ORGANIZATION: RURAL DEVELOPMENT AND AWARENESS
(RADES) 2005-2006
POSITION: Account Assistant
➢ Initiated a comprehensive financial system programs and implemented with finance administrator that decreased variables and overheads expenditure by 30% per annum enhancing organization financial liquidity and fixed assets acquisition.
➢ Quality and complete financial documentation and filing system that increased accountability and transparency to partners, donors and communities.
➢ 80% increased of donor funds for RADES in the year 2006 due to effective and efficient financial system with strong internal control system leading to expansion of area of operation and scope of humanitarian activities.
➢ Set up effective and proactive monitoring procedure of projects expenditures and spending that improved accountability and transparency. This strategy prevents and mitigates risk of fraud and misappropriation of funds.
Responsibilities
➢ Planning and processing annual budget of the organization with the financial administrator, and prepare annual and monthly income and expenditure statement, receipt and payment account, balance sheet, filing of financial documents and reporting.
➢ Supervising and training the accounting interns.
➢ Training communities and target groups of the projects on basic accounting skills.
➢ Reconciling cashbook and bank statement.
➢ Petty cash and fixed asset register management.
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CERTIFIED PUBLIC ACCOUNTANT GRADUATE.
➢ Certificate on risk management 2011
➢ Certificate of financial management in public sector 2010- Accra, Ghana
➢ Kenya certificate of secondary education 2001
➢ Kenya certificate of primary education 1997 ➢ Experienced and skills on voucher management system (VMS), spreadsheet, Microsoft excel, Integrated Financial Management System, Oracle financial and administration system, Ms Outlook, Microsoft word and Keen user of computer.
