CPA Fidel Okillah FCCA

Director Finance & Strategy at IXL Consultants Limited
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Location
KwaZulu-Natal, South Africa, ZA

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5.0

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Whitney Njiru Njagi

Fidel was a wonderful manager and a great leader. He always gets the job done and never misses a deadline

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Credentials

  • Fellow of the Association of Chartered Certified Accountants (FCCA)
    ACCA
  • Member Institute of Certified Accountants of Kenya
    ICPAK (Institute of Certified Public Accountants of Kenya)
  • Member Southern African Institute of Business Accountants
    Chartered Institute for Business Accountants (formerly SAIBA)
  • Members Institute of Directors of South Africa
    IoDSA

Experience

    • Kenya
    • Financial Services
    • 1 - 100 Employee
    • Director Finance & Strategy
      • Aug 2019 - Present

      IXL Consultants provides Accounting services, Tax Services, Fixed Asset Tagging, Strategy Development, Process Review, training, External Audit, Payroll Preparation and Board services to clients. I wielded strategic vision and entrepreneurial acumen to set up the business – creating the business strategy, translating strategy into effective actions, directing strategic finance operations and strategic planning, and providing financial advisory and expertise to organizational clients in Kenya and South Africa on finance, accounting, and audit. Key Impacts: o Oversaw a team of five staff and two consultants and multi-million-shilling P&L. o Inspired approximately 166% revenue growth in a year by defining and executing growth and client acquisition strategy. o Directed strategic finance operations for clients including financial planning and analysis, tax management, statutory compliance, and finance training. o Strengthened internal controls for a County Government through financial statements audit and annual external audits. o Supported an umbrella network organization of Fairtrade-certified Producer Organizations in building and maintaining robust financial infrastructures through monitoring of financial results against budget, debt financing, review of Credit Management policies and the Reserves policy. o Performed review of staff pension for a leading international bank, business planning and strategy development for an engineering and contracting company specializing in domestic, commercial & industrial Heating Ventilation Air Conditioning & Refrigeration, Plumbing & Drainage works and Fire Fighting systems. o Developed tender procedures and monitored budgets for a non-profit, and carried out brand valuation for a pharmaceutical’s manufacturer. Show less

    • Kenya
    • Non-profit Organizations
    • 100 - 200 Employee
    • Independent Board Committee Member
      • Feb 2021 - Present
    • Chairperson Audit Committee
      • Nov 2020 - Present
    • Kenya
    • Financial Services
    • 700 & Above Employee
    • Head of Finance
      • Aug 2016 - Aug 2019

      KMPG East Africa is a leading provider of professional services including Audit, Tax and Advisory. My role as Chief Finance Officer for East Africa involved leading strategy and policy formulation, tax management, financial management, financial reporting, and training and development operations. Key Impacts: o Architected the five-year strategic plan to drive growth strategy. o Led 13 staff and finance operations across Kenya, Uganda, Tanzania, and Rwanda. o Insulated the Firm against risk through direct oversight on regulatory compliance. o Transformed financial operations via stringent internal controls, cash flow management, cash flow planning, financial planning, budgeting and variance analysis. o Served as strategic Finance Partner to management by preparing monthly financial reports and narratives, evaluating financial performance, and providing financial analysis. o Raised staff output with trainings. Show less

    • Kenya
    • Financial Services
    • 1 - 100 Employee
    • Head of Finance
      • Mar 2015 - Aug 2016

      Equatorial Commercial bank, which was acquired by Mwalimu Sacco and rebranded to Spire Bank operates in Kenya as a fully-fledged commercial bank with a network of 12 branches.I worked as a strategic business partner, overseeing all aspects of strategy, finance operations, and administration, including financial planning, forecasting, budgeting, and Board engagement.Key Impacts: o Reviewed and formulated the Bank’s strategic plan in collaboration with the CEO, MD, and Board of Directors.o Managed millions in budgets and a team of five staff.o Developed budgets and instituted financial discipline through budget monitoring.o Facilitated strategic decision-making through financial reporting.o Directed regulatory compliance by coordinating annual audit exercises.o Devised and oversaw implementation of Key Performance Indicators (KPIs), credited with improved performance across the Bank.o Enhanced ROI by formalizing policies on investments, asset acquisition, and money market borrowing.o Project-managed the automation of the CBK (Central Bank of Kenya) reporting system. Show less

    • Senior Finance Manager & Strategy
      • May 2014 - Mar 2015

    • Financial Services
    • 1 - 100 Employee
    • Finance & Administration Director
      • Feb 2012 - Apr 2014

      VisionFund is World Vision’s microfinance provider serving vulnerable clients through loans, savings, and insurance. As Finance Director, I provided strategic and tactical leadership on business planning, business and revenue growth, risk management, internal controls, and cot control strategies. Key Impacts: o Managed 19 staff and developed and oversaw millions in budgets. o Spearheaded overall business planning, financial forecasting, financial analysis, budgeting and variance analysis. o Ignited 50% growth in loan book and 8% reduction in loan portfolio at risk. o Unlocked access to key business and finance metrics by preparing feasibility reports, profit forecasts, cash flow projections, financial and productivity reports, P&L forecasts, tax planning and management reports. o Fortified financial controls by analyzing financial records, managing liquidity as well as assets and liability levels. o Harnessed strong negotiation skills with vendors to reduce costs by 18%. o Expanded access to credit facilities by negotiating multi-million-shilling facility with a global cooperative and social investor. Show less

    • Kenya
    • Banking
    • 1 - 100 Employee
    • Finance Manager
      • Oct 2011 - Mar 2012

    • Senior Finance Officer
      • Aug 2004 - Oct 2011

      • Preparation of consolidated group financial statements.• Review of Management accounts & ALCO reports.• Preparation of monthly and yearly financial statements and reports for management and audit purposes.• Co – ordination, preparation and consolidation of Budgets• Approving of payment vouchers after verifying payment instructions for authenticity, and sufficiency of the supporting documents/vouchers.• Supervisory role of ensuring VAT Monthly Returns (VAT3), PAYE (P11), Withholding Tax, NSSF, NHIF and other Statutory Requirements are remitted timely on a monthly basis.• Reviewing of monthly payroll & Payroll returns for the Bank.• Supervisory & preparation duties on all CBK reports.• Analysis of Expenses and comparison Vis a Vis the budget on a monthly basis, this includes the preparation of trend analysis.• Active participation in Internal & external audits by providing auditors with accounting documents as requested and providing explanations for audit queries Show less

Education

  • Kenyatta University
    Master of Business Administration (M.B.A.), Strategic Management
    2015 - 2018
  • The Catholic University of Eastern Africa
    B.Com, Finance
    2008 - 2011
  • Kenya School of Monetary Studies
    Diploma, Banking and Financial Support Services
    1998 - 2001
  • ACCA
    ACCA - UK, Accounting and Finance
    2003 - 2007
  • Institute of Certified Public Accountants of Kenya
    CPA - K, Accounting and Finance
    2010 - 2011
  • South African Institute of Business Accountants
    BAP SA, Accounting and Finance
    2021 - 2021

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