Summary
Overview
Work History
Education
Skills
Accomplishments
Certification
Work Availability
Timeline
AssistantManager
Henry Kimuli

Henry Kimuli

McHenry,IL

Summary

Decisive leader, forward-thinking, excellent attention to detail and hardworking mentality with 25 years of work experience. Competent in leadership and IFRS/GAAP financial reporting in multinational company set up with holding/parent and subsidiary relationships. Expertise in documenting processes, implementing and monitoring to ensure compliance as per ISO standards. Transformed inefficient business operational processes to an efficient supply chain logistics firm by streamlining of operations and setting up KPIs.

Overview

27
27
years of professional experience
1
1
Certification

Work History

Senior Accountant

Creative Financial Staffing
McHenry, IL
05.2023 - Current

Work Experience in the United States:

1. Ludwig & Company a residential real estate.

  • Month end schedules I.e accrued payroll, accrued utilities, prepaid expenses, prepaid insurance and reconciled to the GL.
  • Monthly review of Income statement, trial balance and passing of month end journals.
  • Preparation of month end financial statements
  • Intuit Quick books ERP system.

2. Termax Corporation services the automotive industry.

  • Quarterly preparation of monthly fixed assets schedule, accruals and prepaid expenses.
  • Monthly GL reconciliation and movement of balance sheet items for three months.
  • PLEX ERP system.

3. Technotrans America Inc; offers cooling and temperature control filtration equipment

  • Project equipment sales and service order costing.
  • Preparation of tax schedules for clients and vendors for services rendered outside of the United States.
  • Posting of month end journal entries.
  • Preparation of client performance trend by profitability, business growth/decline by use of advanced excel tools.
  • Monthly schedules for parent and related party sales and purchases as a requirement for tax purposes.
  • SAP ERP system.

Chief Finance Officer / Consultant

RID, RIL & DT GROUP OF COMPANIES
Kampala, UG, Uganda
12.2021 - 08.2022

1. Monitoring of financial performance, preparation of adhoc financial reports distributed to the senior management and board of directors.

2. Introduced Working capital (WC) Improvement KPIs:

  • Reduction in daily sales outstanding (DSO) from 105 days to an average of 40days.
  • Daily purchases outstanding (DPO) improved from 95 to 45 days.
  • Delay in invoicing (DII) improved from 35 days to 7 days by automating of cargo movement.
  • Debtors outstanding in the 90+ bucket improved from 80% to 20% and write offs reduced from 5% to 2%.
  • Operational inefficiencies manifested in extra port charges reduced from 18% to 7%.

3. Improved debt ratio through efficient management of debtors and creditors to generate cash flows.

4. Planning, budgeting, forecasting, monitoring of variances between budgeted/actual and advise on cost reduction measures.

5. Documentation and implementation of Internal policy guidelines to administer cost control, timely reporting and increase efficiency. I.e

  • Implemented signing power policy, a four-eyes- principle with authorization levels and limits.
  • I owe you (IOU) policy reduced the list of unaccounted funds from 35 to 7 days.
  • Employee travel policy which ensured the lowest cost alternative impacted a 20% cost reduction.
  • Credit policy strengthened the client on boarding process thus improving cash flows and bad debts provision.

6. Tracking of financial performance and overseeing business operations to improve profitability by,

  • Identifying and eliminating customers with less than 5% contribution to gross profit (GP).
  • Adherence to client on boarding process with focus on blue chip project clients who are good pay masters.

7. Overseeing and assessing the financial operations of the organization i.e payroll expenses, Invoicing, posting of journals, General ledger review, cash and bank reconciliations, fixed asset additions and monthly depreciation run, inter-unit reconciliations, accounts receivable and payable reviews.

8. Arrange for auditing and company tax working with external firms.

9. Inventory costing and pricing of services for project shipments.

10. Additional roles;

  • Appraisals for the finance team to measure individual performance.
  • Negotiated and managed contractual agreements to secure ideal terms and drive effective financial engagements with vendors, bankers and customers.
  • Oversaw of requisition and procurement processes to guide purchasing decisions.

Finance & Administration Manager

SPEDAG INTERFREIGHT GROUP OF COMPANIES
Kigali, Rwanda
03.2004 - 11.2021
  • 17 years’ work experience in Uganda and Rwanda under M+R Spedag group with financial budgeting, planning, forecasting, audits, GL accounting, reconciliations and preparation of ad-hoc financial reports background.
  • Demonstrated leadership, talent acquisition and capacity building with diverse cultures.
  • Computation, monitoring and measurement of daily sales outstanding (DSO), purchases outstanding (DPO) and delay in invoicing (DII) against country's set targets.
  • Credit control management in it's wider context for recovery of due and long outstanding debts.
  • Accounts’ payable management.
  • Month/year -end closing, kept records of audit ready.
  • Reconciliations between parent, related and interrelated party transactions.
  • Analytical review of financial results against budgeted and variances reported to senior management.
  • Conducted regular performance appraisals for subordinates measured against targets.
  • Preparation of monthly payroll along with statutory deductions.
  • Office management and administration.

Finance and Administration Manager

ICON INSTITUTE
Kampala, UG, Uganda
03.2003 - 02.2004
  • Evaluating & monitoring of performance for vocational training Institutes.
  • Track and record expenses to maintain operations within budget.
  • Coordinate and execute internal controls and prepared relevant documentation.
  • Interpreted and applied legal, contractual and accounting requirements to maintain compliance.
  • Maintained regular performance appraisals for subordinates through verbal, written and on-going review programs.
  • Month and year-end closing, kept records audit-ready.

Accountant

ARMOR GROUP
Kampala UG, Uganda
02.1997 - 01.2002
  • Preparation of monthly management reports in accordance with accounting principles and guidelines.
  • Budgeting, forecasting, monitoring and reporting of any variances against the budget to departmental heads and management.
  • Credit control function i.e follow up on debtors outstanding balances as per the credit terms.
  • Accounts payable management which included booking of invoices, credit notes and ensuring timely resolution of supplier’s queries.
  • Booking and posting of cashbook transactions and end month journals.
  • Preparation of monthly bank reconciliation.
  • Preparation of monthly work in progress and accrued expenses schedules.
  • Monthly review of inter-company and related party balances, reconciliations and settlement of balances as per the agreed terms.
  • Computation and filing of quarterly and final annual income tax returns after consideration of deductible and non-deductible expenses
  • Monthly preparation of staff payroll, filing of taxes and statutory obligations
  • Automation of a fixed assets register, updating, and running of month end shipping run.
  • Implemented a stock ledger from a manual register.
  • Reviewed monthly departmental budgeting against financial reports to maintain expenditure controls.
  • Prepared monthly and year-end closing statements, financial documents and invoices.

Education

High School -

Busoga College Mwiri
Uganda

BBA - Accounting

Makerere University
Uganda

Post Graduate Diploma - Financial Management

Uganda Management Institute
Uganda

Skills

  • Financial planning and analysis – In-depth knowledge of strategic and business planning; forecasting, reporting & analysis
  • Established strategic business performance metrics for the purposes of working capital and increasing operational efficiency
  • Internal controls and compliance – Reviewing, modifying and implementing policies and procedures in accordance with existing business environment and regulatory framework
  • Profit and Loss Management and control
  • Leadership, growth, employee motivation, performance and change management under merger and acquisition
  • Understanding of accounting Principles versus rules ie IFRS and GAAP
  • Hands on experience with the following ERPS; Oracle applications, Short lands, Sage Line 100, Tally, Sun systems, SAP and PLEX
  • Carrying out Internal audit of processes as per ISO standards
  • Proficiency in advanced excel ie developing financial models used in forecasting/budgeting, use of pivot tables, slicers, V-lookup, H-lookup, SUMIF, Concatenate, dashboards for financial presentations

Accomplishments

  • Tax appeal and tribunal case of USD 250,000 composed of arrears and penalties was brought down to USD 14,000 payable.
  • ISO certification of three companies as per the three standards i.e QMS ISO 9001:2015, EMS ISO 14001:2015 and OHS&S ISO 45001:2018 which translated into award of oil and gas projects.
  • Annual achievement of Individual and departmental targets of not less than 85%.
  • Implementation of SUN operating application ERP system from Pilot, testing and go-live in a duration of three months.
  • Implementation of anti-bribery management system (ABMS 37001) to certification level.
  • Documentation and Implementation of internal policies i.e signing power policy, petty cash guidelines, IOU and travel policies.

Certification

· Post Graduate degree diploma in financial management.

· Bachelor’s degree in business administration

· Certificate in advanced Excel modelling.

· Certificate in Health and Safety.

· Anti bribery management system 37001 (ABMS 37001).

Work Availability

monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline

Senior Accountant

Creative Financial Staffing
05.2023 - Current

Chief Finance Officer / Consultant

RID, RIL & DT GROUP OF COMPANIES
12.2021 - 08.2022

Finance & Administration Manager

SPEDAG INTERFREIGHT GROUP OF COMPANIES
03.2004 - 11.2021

Finance and Administration Manager

ICON INSTITUTE
03.2003 - 02.2004

Accountant

ARMOR GROUP
02.1997 - 01.2002

High School -

Busoga College Mwiri

BBA - Accounting

Makerere University

Post Graduate Diploma - Financial Management

Uganda Management Institute

· Post Graduate degree diploma in financial management.

· Bachelor’s degree in business administration

· Certificate in advanced Excel modelling.

· Certificate in Health and Safety.

· Anti bribery management system 37001 (ABMS 37001).

Henry Kimuli