Finance & HR Manager
Management Solutions International
Total des années d'expérience :24 years, 3 Mois
Accountabilities: Conceptualized & implemented accounting policies/ principles and tracking systems for various functional areas while ensuring financial & internal controls are in place & adhered; Monitoring of all statutory accounts and their payments in time. Responsible for preparing financial reports to determine the financial visibility, projected cash flow/fund flow to monitor the inflow of funds and ensured optimum utilization of available fund in line with corporate goals. Entrusted with the responsibility of supervising Finalization of Accounts, Strategic Business Planning, and Financial Operations; entrusted with budgeting, forecasting, vendor negotiation and cost accounting.
Accomplishments
Successfully standardized & managed the accounting system of the company & maintaining uniform accounting
practices for the smooth running of the business whilst, ensuring compliance with accounting standards & procedures.
o Delivered 130% of turnover and 123% of profit targets through exceptional people development skills.
Monitored the requirement & optimum utilization of funds as per approved guidelines & procedures
o Foreshortened technology savings/expense of by 40% in technology employee and consultant staff reductions.
Streamlined financial system of the company, overseeing operational expenditure/control and responsible for
strategically planning & implementing innovative business strategies to initiate finance control to maximize profitability.
o Maintained processing of accounts payable transactions
o Monitored company accounts to ensure payments are up to date and resolved bill discrepancies.
Accountabilities: Provided comprehensive business analysis while advising operational expenditure/control and
strategically plan & implement innovative restructuring strategies on various financial and statutory aspects of business set- up. Monitored operational expenditure/control and responsible for strategically planning & implementing innovative business strategies to initiate finance control to maximize profitability.
Proactively screened new projects, conducted feasibility studies and prepared project reports to assess viability of projects on financial ground and implemented business development strategies.
o Turnover grew by 110% and profit by 105% against target in 2016.
Responsible for financial planning advice, tailoring, maintaining programs related to sales, marketing, expansion and
market development initiatives to meet individual investment objectives, long-term and short- term investment advice, thus creating a healthy relationship with clients.
Shouldered efforts across handling Project Cash Flow through the entirety of the Project involving the costs, billings,
payables, receivables, and cash position.
o Performed post-mortem review of organization’s expenditures; tightly controlled costs and optimized patient care to improve budget by 170 million.
o Integrated the acquisition of Safer Medical Center adding 50% revenue and growing business by 30%.
Entrusted with the responsibility of supervising Finalization of Accounts, Strategic Business Planning and Financial
Operations, budgeting, forecasting, vendor negotiation and cost accounting.
o Liaised and negotiated with vendors of leading pharmaceuticals for procurement of medical supplies eliminating 60% of inflated procurement costs.
o Orchestrated a compelling proposal that resulted in securing a donation of medical equipment worth $100, 000.
Holds credentials for managing meetings of Board of Directors & General Assembly, preparations of Agendas,
Resolutions, Special POA’s (Power of Attorney) for Directors & Management of the Company for smooth functioning of
legal operations, also successfully managed Share Holders & Share Purchase Agreements.
Accountabilities: Drove entire finance & accounting operations assuming final accountability to mobilize and manage financial resources to ensure business continuity and reasonable return on investment. Key contributor in balancing short and long range plans to facilitate realization of business mission of the company.
Accomplishments
Contributed strategic and operational drivers to streamline entire Finance and accounting operations, as COO.
o Grew company from UGX 61 Billion to UGX.154 Billion; net profit 5% and market share grow 15% by 2014.
o Saved UGX.100 million off annual inventory costs and cut audit discrepancies 47% through improved claims process terms, better shipping practices and device inventory management system.
o Recovered $4 million annually through redesigned processes by streamlining debt reconciliation
Formulated operations / capital budgets and evaluating them on the parameters of risk and return on the investment. Defined standard operating procedures and internal controls to introduce transparency and fiscal discipline in business transactions.
o Saved the company UGX180 million in penalties against PVoC requirements through my persuasive and aggressive objection.
Designed corporate strategy in coordination with top management and decided on matters such as Corporate / Financial Restructuring, issue of securities etc.
o Developed safety programs that reduced incidents by 80%.
Proficiency in assessing & mitigating company's risk profile, defining SOP’s & introducing well-defined accounting/costing systems along with, internal controls for systematic conduct of business.
o Oversaw risk management and legal activities; improved operational efficiency and customer/stakeholder engagement by 30%.
Successfully, designed, and facilitated procedures for the supply chain operations facilities; Pioneered large national accounts like Coca Cola, Pepsi, DHL, BAT, UMEME.
Oversaw all aspects of corporate sales and marketing initiatives along with P&L responsibility in a fast-paced environment, ever evolving market; sales plan building and logistics and sales management.
Key achievements:
• Propelled a near worst-to-first turnaround of the company’s retail network, delivering profitable business growth within the first eight months from a monthly loss of sixty million to monthly net contribution of 150 million through a five-man sales force, one of whom was rapidly promoted to the position of Service Center Manager. Reduced core debt by 15%. Sales turnover grew from UGX29 billion to UGX40 billion by 2008.
• Reversed Mogas retail-network’s downward spiral by overhauling systems, processes, training programs and personnel. Corrected issues such as internal theft, lagging customer service and poor morale, improving customer satisfaction ratings to average 75%.
• Following successful market research, introduced successful new oil products in 2007 for the market achieving 3% revenue and brand recognition of 80%.
• Initiated bidding and won tender to supply one government department an assortment of lubricants in 2007 worth US$185, 000.
• Designed and implemented logistics for new depot facility, planning operations demonstrating cross-functional team leadership and participative management.
• Managed 34 drivers utilizing policy to produce performance improvement.
Oversaw all aspects of corporate sales and marketing initiatives along with P&L responsibility in a fast-paced environment, ever evolving market; sales plan building and logistics and sales management.
Key achievements:
• Propelled a near worst-to-first turnaround of the company’s retail network, delivering profitable business growth within the first eight months from a monthly loss of sixty million to monthly net contribution of 150 million through a five-man sales force, one of whom was rapidly promoted to the position of Service Center Manager. Reduced core debt by 15%. Sales turnover grew from UGX29 billion to UGX40 billion by 2008.
• Reversed Mogas retail-network’s downward spiral by overhauling systems, processes, training programs and personnel. Corrected issues such as internal theft, lagging customer service and poor morale, improving customer satisfaction ratings to average 75%.
• Following successful market research, introduced successful new oil products in 2007 for the market achieving 3% revenue and brand recognition of 80%.
• Initiated bidding and won tender to supply one government department an assortment of lubricants in 2007 worth US$185, 000.
• Designed and implemented logistics for new depot facility, planning operations demonstrating cross-functional team leadership and participative management.
• Managed 34 drivers utilizing policy to produce performance improvement.
Senior Sales Representative,
Developed and adopted business plans to achieve budgeted net revenue results, market share, receivables and cost management objectives through a sustainable customer base without corroding the company’s shareholders’ value. Recognized as one of the “rising stars” (elevating sales, margins, and customer satisfaction by as much 45%).
Key achievements
• Developed an excellent distribution network in east and northern Uganda resulting in double digit revenue growth (23% in 2005)
• Effectively managed brand launches. Results for 2003 brand launch and campaign: Preference for Hima brands amongst its target segment increased from 26% to 55% after the launch. Purchase drive increased to 21% post launch. Market share increased 3%. Brand awareness rose to 85% from 35%.
• Grew market share within three years from 5% to 51% by the end 2005.
• Initiated the collection of most bad debts saving the company loss of $400, 000. Bad debts fell under 7% of total portfolio during tenure.
• Developed training programs and trained about 10, 000 masons in best construction practice within a period of 2 years.
Drove the achievement of sales targets by maximising brand availability, product quality, and cost effectiveness to meet consumer demand by trade channel and by outlet type against agreed targets.
Key achievements:
• Managed distributor covering 5 districts in Eastern Uganda with 15 staff.
• Achieved 8% average annual revenue growth over two consecutive years through exceptional people development skills
• Grew conversation rate to 40% which helped withstand opposition from NGOs against tobacco products.
• Attained 100% customer retention rate through my expert relationship building skills and a commitment to a solution-focused, service-first sales approach.
• Maintained inventory, including count verification, reordering and organisation.
Accomplishments were in improving the quality of outstanding (loan book) and re-organising accounting and collections functions to achieve operating efficiency internally and improved cash flow, treasury operations and liquidity management.
Key achievements
• Managed commercial credit and collections of Account Receivable portfolio of $2 million in annual sales
• Optimised credit appraisals and collection processes, improving operational efficiency by 25%.
• Significantly reduced bad debt from 1994 - 1996, average per year $200, 000, the highest ratio in five years.
• Successfully identified and resolved problems through effective credit risk analysis resulting in 13% cost reduction.
• Revised write-off procedures so that receivable accounts were more properly coded to general ledger accounts to minimise fraud.
• Supervised an office staff of three credit analysts
Dissertation: Monetary policy, Financial markets & Performance of Commercial banks in Uganda
Received Post-Graduate Diploma in Marketing
Dissertation: Payroll management system. Honors degree recieved.