Versatile and accomplished professional with 20 years of senior-level experience leading finance operations. Proven strengths in aligning finance strategies with overall business objectives. Highly competent at delivering prudent financial management and implementing innovative accounting standards that impact business.
Royal Oil Kenya
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Chief Financial OfficerRoyal Oil Kenya Dec 2021 - PresentNairobi County, Kenya⏩ Led the financial strategy that funded the maiden exports of the company into the East African region.⏩ Closed financing for in-country retail expansion.⏩ Overseeing the company's five-year strategic plan commencing 2021
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General ManagerNational Oil Corporation Of Kenya Oct 2018 - Nov 2021Nairobi County, Kenya⏩Led the Project Management Office overseeing the largest transformation project by the Corporation.⏩Coordinated the Corporation’s operations as interim Downstream General Manager and Finance Manager as part of the organisation's financial revenue strategy.⏩Participated in revamping exploration activity in the Corporation’s oil block.⏩Co-ordinated stakeholder engagement with the Government of Kenya, Ministry of Petroleum & Mining, The National Treasury, Parliament, Lenders and Suppliers to sustain financial support for the Corporation. -
Chief Transformation OfficerFamily Bank Ltd Oct 2016 - Dec 2017Nairobi County, Kenya⏩Oversaw the largest Transformation Program resulting in Khs 1 Billion monthly growth. ⏩ Supported the CEO in implementing the company’s strategy by designing and developing the organizational structure for change management. ⏩ Worked with a cross-functional team to prioritize and create a portfolio of initiatives to track progress and impact. -
Head Of FinanceFamily Bank Ltd Oct 2014 - Nov 2015Nairobi County, Kenya⏩ Finance lead with the responsibility of management reports and stakeholders-Central Bank of Kenya, Kenyan financial sector regulators, and the Family Bank Board. ⏩ Developed and implement policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation.⏩ Engaged in the annual independent audit for all entities and coordinate with the auditors for the timely completion of the reports. -
Transformation And Finance ManagerSimba Group Of Companies Mar 2008 - Aug 2010Nairobi County, Kenya⏩Oversaw the establishment of their 20MW Heavy Furnace Oil Business- Electromaxx.⏩Designed and rolled out Mobile Money Operations and Virtual Airtime across their retail network setting Country standards.⏩Redesigned and rolled out their Group Internal Audit Function⏩Redesigned the finance function of their radio station Dembe FM -
Treasury ManagerGlobal Trust May 2005 - Mar 2008Nairobi County, Kenya⏩Secured Euro 1.2 Million externally and USD 1 Million locally.⏩Designed and rolled out micro-leasing for solar energy vendors with Bank of Uganda funding.⏩ Won the fund administration of the Cassava Commercialization Project by the National Research Organization⏩Provided periodic income statements, cash forecasts and other assigned financial analyses to management, the Board of Directors and the estate Trustee.
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Finance ManagerUganda Microfinance Union (Equity Bank) Aug 2003 - May 2005Kampala, Central Region, Uganda⏩Enabled reconciliation of their entire Check off Loan Portfolio (With a 12-month backlog) and implemented effective profit centre accountability across their 19 branches. ⏩Increased team effectiveness across geographies through personalized development, coaching, and feedback for a team of supervisors and analysts.⏩Structured and negotiated customer master agreements, prime & subcontractor government contracts, and numerous strategic partnerships, including lines of credit and debt restructuring.
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AuditorCarr Stanyer & Sims Jan 2002 - Jul 2003Kampala, Central Region, Uganda⏩Performed audit tests and assignments for clients in not-for-profit sectors. ⏩Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
Alex Magu Education Details
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Business Administration And Management, General -
International Business
Frequently Asked Questions about Alex Magu
What company does Alex Magu work for?
Alex Magu works for Royal Oil Kenya
What is Alex Magu's role at the current company?
Alex Magu's current role is Financial Modeling and Analysis ꘡ Budgeting and Forecasting ꘡ Financial Risk Management ꘡ Revenue Recognition ꘡ Strategic Planning.
What schools did Alex Magu attend?
Alex Magu attended University Of Nairobi, United States International University - Africa.
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