Financial Controller
Shine International Medical & Surgical Centre Ltd
Total years of experience :23 years, 5 Months
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 Facilitated Engineered UGX 50 million annual technology spend
o Foreshortened technology savings/expense of UGX 5.5 million, including UGX 2 million 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.
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 6.1 Billion to UGX.15.4 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 $400K 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.
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 along with 4 managers and 150 staff. 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 Managed yearly $1.7 million grants to deliver project objectives in a timely manner and ensured prudent accountable utilization of the resources. Turnover grew from UGX2.1billion to UGX11 Billion in 2012.
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.
Successfully, redesigned supply chain network thereby improving time and reliability for receipt/shipment of stoves from stores to dealers and customers and in turn saving about $100, 000.
Scrutinized cash leakages and initiated savings worth $150, 000 annually.
Early career
Early career
Early career
Early career
Masters of Business Administration (Accounting and Finance)
Upper Second class honors.