Experience

Kampala Pharmaceutical Industries (1996) Ltd.

• Uganda
• Pharmaceutical Manufacturing
• 1 - 100 Employee

• Chief Finance Officer

  • Dec 2018 - Present

  Reporting to the CEO, I am responsible for developing and maintaining accounting principles, practices and procedures. I manage the accounting activities including general ledger maintenance, financial reporting, year-end audits, financial analyses, all internal financial controls, tax planning and support of budget forecast activities. I manage the preparation of board documents to be presented to the Board of Directors. Reporting to the CEO, I am responsible for developing and maintaining accounting principles, practices and procedures. I manage the accounting activities including general ledger maintenance, financial reporting, year-end audits, financial analyses, all internal financial controls, tax planning and support of budget forecast activities. I manage the preparation of board documents to be presented to the Board of Directors.



Energy Utility Corporation Limited (Rwanda's national electricity distribution utility)

• Financial Management Expert/ Chief Financial Officer

  • Aug 2015 - Aug 2018

  At Energy Utility Corporation Limited (EUCL) - Rwanda National Electricity Distributor, I engaged and collaborated with core stakeholders, including senior management, board, tax authority, financiers, banks and sector players to meet and surpass well defined requirements. I delivered strong financial support as a professional to senior management team to ensure prudent management and utilisation of the EUCL’s resources. I managed the development of long-term company operating plans, cost information and average tariff adjustment proposals. I ensured compliance with laws, regulations and guidelines set by the Rwanda Utilities Regulator Authority (RURA), as a member of the senior management team. I developed a dynamic financial, analytical, budgeting, reporting, and forecasting processes in line with Rwanda Energy Group’s (REG) strategic plan and business objectives. I designed strategic investment plans and formulate treasury management policy for EUCL. The following is a summary of my key contributions:• Successfully concluded negotiations of generation tariffs for energy of 3 Independent Power Producers• Delivered a tariff model that was used to negotiate with the Regulator to arrive at end user electricity tariffs.• Co-produced and concluded a 5-year forecast for energy demand and supply for Rwanda• Concluded 20-year concession agreements to run 6 generation plants with Government of Rwanda• Raised long term debt of $16 million from several banks• Enhanced executive decision-making capabilities by accurately analysing and collating management reports into summarised executive briefs. • Led development of manual documenting systems, procedures and work flow processes, including concession accounting, treasury policies, and management of fixed assets.• Achieved IFRS compliance of company's financial statements and rolled out related data collection procedures• Steered a project that delivered robust ERP system replacing an interim accounting system.



UMEME LIMITED (Uganda's national electricity distributor)

• Financial Controller

  • Nov 2011 - Jul 2015

  I oversaw end-to-end control of revenue/cash control accounts reconciliation in general ledger and monitored activities that enhanced staff performance. I fostered robust relationships with stakeholder, including banks, insurers, auditors, and external contractors. I managed financial audits and consistently obtained unqualified audit opinions.The following is a summary of key contributions:• Enabled the achievement of bottom-line results by implementing a tight budget and performance management regime;• Recognised by Institute of Certified Public Accountants of Uganda for the best financial statements in Uganda in 2013. These financial statements won awards with the Institute of Certified Public Accountants of Kenya as well;• Originated and streamlined fleet safety procedures and enforced compliance through tracking and monitoring mechanisms, resulting in improved accident statistics; and• Decreased average annual fleet cost by approximately $380,000 by tactfully re-negotiating repair prices, exiting unfavourable contracts, changed operating expenditure to capital expenditure to save operating expenditure.



Warid Telecom

• Pakistan
• Telecommunications
• 700 & Above Employee

• Manager - Financial Planning & Analysis

  • Sep 2007 - Oct 2011

  I developed and pinpointed, multi-channel, and multi-faceted financial planning analyses including determining realistic assumptions for budgeting, forecasting, and other control mechanisms. I organised and collated management information and output into a dashboard and other summary formats to assist in snapshot analyses. I championed the preparation of management accounts and variance analyses to monitor key performance parameters. I actively participated in optimising the capital structure, and development of the financial model for the company. I provided guidance and recommendations that supported product pricing decisions. The following is a summary of key contributions:• Delivered a series of cost savings through the centralisation of operations, re-negotiation prices and contract values through enhancing Warid’s bargaining power due to increased numbers of suppliers of the same service;• Implemented comprehensive reporting framework, comprising daily flash report to local management, weekly revenue reports to the Group, and monthly management reports to the Group;• Co-produced and presented assessment of entire network’s cost base to minimise network cost per site; and • Improved bottom-line results by replacing fixed cost agreement to variable cost arrangements.



MultiChoice Group

• South Africa
• Broadcast Media Production and Distribution
• 700 & Above Employee

• Finance Manager

  • Feb 2003 - Sep 2007

  I held bottom-line accountability for three sections and led a team of three supervisors and a team of 23 members. I enhanced operational efficiency by meticulously preparing annual budget, quarterly forecasts and variance analysis reports in line with the group’s business plan. I played a vital role in overseeing key performance indicators to identify areas of improvement and monitor progress against targets. I evaluated various aspects of financial reporting, bank reconciliation as well as diffused impeding issues and assured swift resolution of discrepancies.The following is a summary of key contributions:• Utilised broad scope of industry knowledge toward preparing annual financial statements in accordance with IFRS;• Deployed expertise in confirmation and reconciliation of intercompany balances and transactions;• Significantly reduced tax exposure by steering regular tax health reviews;• Analysed financial accounts to decrease company’s exposure to credit risk and oversaw company’s debtors’ book.



Deloitte

• Business Consulting and Services
• 700 & Above Employee

• Audit Senior

  • Aug 1996 - Feb 2003

  I was praised by senior management for exemplary performance and promoted from audit trainee to audit senior. I demonstrated commitment to learn new skills in audits of banks, micro finance enterprises, agricultural, manufacturing and trading companies and donor agencies. I am collaborated service partner in order to resolve audit issues.Following are key contributions:• Analysed clients’ financial statements, prepared draft audit opnions and delivered insights into clients’ accounting, financial and operational control systems.• Precisely reviewed the policies and procedures while adhering when granting loans and advances.• Expertly utilised a variety of techniques to complete audits in an effective manner.• Strengthened professional relationships with staff members and representatives of companies being audited.• Successfully obtained sufficient and appropriate audit evidences by introducing and performing audit procedures.The following are key areas/sectors the clients I audited belonged:• Manufacturing• Construction • Government corporations• Airport handling services• Grants to Government from World Bank, USAID and other development partners