Financial Managemenr

Location:

Kampala, Uganda

Posted:

March 11, 2021

Contact this candidate

Resume:

Charmian Kariisa Arorwa

Telephone no: +*** 077*-******

P. O. Box 34000, Kampala Uganda

E-mail Address: adkual@r.postjobfree.com

CAREER OBJECTIVE

To expand and improve my skills and knowledge through professional education and experience in order to be able to tackle challenging tasks of financial management in a bid to achieve optimum utilization of organisations’ resources and maximum profits.

Analytical Financial professional offering 10 years of success across a broad range of finance and accounting functions. Experienced in Auditing, Accounting, Financial Reporting, Budgeting & Forecasting, Financial Management, Cash flow Management to achieve an organisation's mission. A proven track record of dedication,problem solving, communication and extensive leadership qualities. Work Experience

Jade E Services Uganda Limited T/A JUMIA July 2018 – Dec 2019 Head of Accounting

Major Responsibilities & Duties:

● Direct and oversee the financial accounting system and all accounting processes including daily accounts payable, account receivable, cash collection, payroll,GL & bank reconciliation and tax filings.

● Reviewing and presenting the periodic financial reports such as; budgets, cash forecasts, management accounts, variance analysis reports and financial statements to the executive management team while recommending further courses of action to strategically enhance financial performance and business opportunities.

● Establish and maintain financial policies and procedures for the company and ensure that effective internal controls are in place to improve overall operational effectiveness and ensure compliance with accounting policies and regulatory & legislation reporting requirements.

● Overseeing both internal and external audit processes. The involves statutory audits and also the annual audit process to completion. This entailed, pre-audit, actual audit and post audit.

● Providing leadership, direction and management of the finance and accounting team by setting goals and objectives, and designing a framework for continued development of the team.

● Establishing and developing relations with senior management and external partners and stakeholders Accomplishments

I undertook the restructuring of the finance and accounts department to mirror the company’s operations and general company structure to ensure effective and timely reporting. This was also meant to enhance the smooth operations of the company. This involved creation of new roles and staffing reviewing of various job descriptions, integrating some and ensuring that the right human resource was executing the right roles with a balance of duties amongst the department. This had a very positive impact on the company operations as a whole. The department restructuring also Improved and ensured timely management reporting with swift reports accessible to all senior management to ensure decision making was backed up and also ensure that forecasting/ budgeting process was more realistic to match the reality on the ground I was also personally charged with the training of the staff on efficient system usage and on the various reporting requirements of the various roles. The team was a relatively young team and required a high degree of hands-on Charmian Kariisa

077*-******

training with patience. The team is now seamless in the usage of the system. I personally also had up to a 10% reduction in the operating cost of the company cutting down on costs that the company incurred prior to my introduction mainly by ensuring a strict adherence to the company policy especially within the operations department and some these methods included increasing the credit terms of the company with various vendors to ensure relief on the company cash flows. Eaton Towers Uganda Limited May 2015 – June 2018

Financial Accountant

Major Responsibilities & Duties:

● Manage month end close processes for transactional team and Preparation of management and financial accounts by ensuring accurate management accounts are presented to the OPco Management and the group finance on time.

● Business unit profitability by ensuring costs such as site electricity, site fuel, site security and site operations and Maintenance costs are controlled and accurately analysed, informing management of significant variations.

● Ensure that financial controls regarding balance sheet accounts and reconciliations are in place reviewed and signed off on a monthly basis.

● Manage the company cash flow/trend projections by advising management on the available cash, projected cash flows and advise on the possible options for gapping up on any deficit.

● Ensure appropriate internal control processes are implemented and adhered to. These include the Procure to pay process, the billing and collections process, lease accounting as well as processes around safeguarding and accounting for Project balances and Fixed Assets.

● Provide all necessary input for the Business Units to the business planning and budgeting process.

● Work with the team to ensure the work processes meet the financial accuracy of all balances reported within the financial reporting framework, in accordance with the reporting guidelines.

● Work with Internal Audit teams across various functions and provide all required information as well implement all recommendations timely.

● Support the external audit function to obtain required information and control issues raised are resolved within given timelines.

● Ensure compliance with statutory requirements for taxes in regards to filing returns and making required payments on time. . These include VAT, WHT and Customs Taxes.

● Year-end financial accounts are prepared and presented to the Auditors in compliance with IFRS and group accounting policies.

Accomplishments

Performed revenue, cost recognition, analysis and forecasting that improved Eaton Uganda’s reporting system by over 50%, this I achieved by offering alternative processes to senior management which greatly improved the work dynamics in the finance department and the company as a whole. I have acted as a liaison between Finance and Operations teams to ensure that the analysis and forecasting of the major Operations and Maintenance costs data is smoothly done. This has greatly improved the decision making on the projects to be done on sites in order to achieve better profitability. Supported the annual budgetary process by closely monitoring the expenditures, ensuring controls are in place and reported to management any budget variances that occur to ensure that they are adequately covered for in the next budget formulation. This has streamlined the budget formulation process by close to 30%. Charmian Kariisa

077*-******

Through my experience I have ensured I strive to understand the dynamics and work processes of whichever work place I join. These I believe have strongly enabled me to have a positive impact in my departments and the organisation as a whole.

Auditor Aug 2011- May 2015

PKF Uganda

Major Responsibilities & Duties:

● Team leader on client audit and project engagements, which include planning, executing, directing, and completing financial audits.

● Prepare audit programmes and schedule the engagements.

● Evaluate the client's internal controls.

● Supervise junior auditors assigned to engagements providing guidance and overall review of deliverables.

● Obtain and review evidence ensuring audit conclusions are well-documented and document approval by the engagement principal.

● Ensure that audit conclusions are based on a complete understanding of the process, circumstances, and risk.

● Identify and communicate issues raised, offering recommended solutions relevant to business and risk of the engagement.

● Prepare financial statements for the client and other related reports in accordance with the International Financial Reporting Standards.

Accomplishments

Managed a team of five individuals at PKF Uganda, together with my team we were able to finalise assignments on time and deliver quality work. Three members of my team on my recommendation also moved onto senior roles, clearly showing the growth they achieved under my tutelage. The companies worked on during this duration range from Sameer Agriculture and Livestock Limited Cementers (U) Limited, Abacus Pharma (A) Ltd-(2012), Imperial Bank (U) Limited, The Toro and Mityana Tea Company Limited (Tamteco), World Vision Uganda (Finland funded projects), Pearl Development Group Limited

(Serena - Kigo), Sumadhura Technologies Limited, Uganda Electricity Transmission Company Limited. I gained a wide range of experience in external audit to clients in a number of different sectors in the economy such as; financial services companies, donor funded non-governmental, public sector companies. I have managed to acquire good communication skills, concepts and an ethical framework to report on issues as they come across.

Special Assignments: - Draft Template Financial Statements for IFRS for SMEs for PKF East Africa Education

Master’s in Business Administration- Finance

Heriot Watt University Awaiting Graduation

CPA Uganda December 2014

ACCA - affiliate 2012-2013

Charmian Kariisa

077*-******

Bachelor of Commerce (Honours)-Accounting 2008-2011 Makerere University

■ Concentration: Accounting Grade: Upper 2nd class honourA-LEVEL CERTIFICATE OF EDUCATION

Naalya Senior Secondary School 2006-2007

■ Concentration: Math, Economics, Geography

O-Level Certificate of Education