Geoffrey Langat, Cpa-K Email and Phone Number
Highly resourceful and accomplished Financial Management Professional with 19+ years’ experience. Demonstrated accomplishments in the formulation and execution of contracts, strategic financial accounting and audit initiatives in support of business objectives within multicultural business environments. A track record for tender management and growing bottom line while spearheading operational improvements to drive productivity and reduce costs. Seeking to maximise outstanding financial skills and optimise business performance for a cutting-edge organization.TOP ACHIEVEMENTS:•Played in a key role in implementation of a digital payment solution for Kenya Airways Plc which has enabled the airline to offer various payment options to its guests across the world.•Played a key role in automation of payments receipting and subsequent matching to open customer invoices which has led to greater efficiencies of the receivables process.•Played a key role in the airline’s debt restructuring in 2017 which saw some of the airline’s debt converted to equity. •Played a key role in the airline’s debt restructuring in 2020 in response to covid-19 pandemic which saw the airline obtain loan moratorium/payment deferral from its Lenders, Lessors, and key suppliers. This also resulted in utilization-based rentals for aircraft lessors as opposed to fixed monthly rentals.•Played a key role in the design of a consolidated SIGINON FREIGHT LIMITED General Ledger that was aimed at increasing efficiency and effectiveness of the company's reporting system.•Played a key role in implementation of Oracle ERP to Stations at Kenya Airways. This has helped improve efficiency in financial reporting besides cost savings. This facilitated the establishment of a Finance Shared Services Centre in Kenya Airways. •Executing Audit and Accounting Assignments including writing
Kenya Airways
View- Website:
- kenya-airways.com
- Employees:
- 4199
-
Head Of Treasury And Corporate FinanceKenya Airways Oct 2018 - PresentNairobi•Develop, improve, and lead the management of group credit policy to minimize bad debts while ensuring collections targets are met, to contain losses and maximize cashflow.•Lead the Company’s debt management including ensuring an optimal debt equity ratio. •Develop, monitor, and ensure a comprehensive and cost-effective risk management function encompassing a combination of loss controls and insurance to protect company and its people against financial loss.•Ensure claims handling activities on behalf of external and internal customers are efficient yet guard against invalid claims to ensure customers’ needs are satisfied without incurring unnecessary expense.•Regularly update and issue cashflow forecasts to allow executive management to make strategic and tactical decisions within the parameters of available cash resources and to ensure that the group can meet its payment obligations. -
Manager TreasuryKenya Airways Nov 2016 - Sep 2018Nairobi•Communicate with internal and external stakeholders on the effects and consequences of new business activities, regarding capital availability and stakeholder management. •Review existing bank accounts and facilities in order to meet the company’s strategic plans, while safeguarding against cash losses and risks. •Review the Treasury reports produced and consolidate them to allow executive management to make decisions within the parameters of available cash resources. •Advise on the implication of exchange control amendments, as well as on fuel and currency hedging, structures, and policy, and provide recommendations for maximum advantage to be realized by the business. •Review recommendations on draw downs and repayments, as well as prepare and negotiate with external stakeholders on appropriate future provisions for aircraft financing, leasing, sale and / or lease back. -
Regional Finance ManagerKenya Airways Jan 2007 - Oct 2016Nairobi, Kenya•Preparation of statutory financial statements, both consolidated and company, in accordance with international financial reporting standards and ensure compliance with these standards, as well as the Companies Act.•Coordination of the external audit process. Address audit observations and closing comments, (management letter comments) raised by external auditors, providing evidence and information to ensure quick resolution of audit queries. •Coordination of financial statement close process and reporting for the Company and its subsidiaries. •Maintain proper balance sheet accounts ensuring adequacy of provisions to avoid large adjustments and surprises arising out of past events. •Coordinate and guide the business in regard to Capex budgeting ensuring items of expense nature are not budgeted under Capex and vice versa and that only viable Capex is budgeted for. •Continuously review the control environment in liaison with the internal audit team and other sections in Finance and make / suggest relevant improvements in order to safeguard the company’s assets. -
Finance ManagerCartrack (K) Ltd May 2006 - Dec 2006Nairobi
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Financial AccountantSiginon Group Nov 2003 - Apr 2006Nairobi, Kenya
Geoffrey Langat, Cpa-K Education Details
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Accounting -
Kapsabet Boys High SchoolKcse
Frequently Asked Questions about Geoffrey Langat, Cpa-K
What company does Geoffrey Langat, Cpa-K work for?
Geoffrey Langat, Cpa-K works for Kenya Airways
What is Geoffrey Langat, Cpa-K's role at the current company?
Geoffrey Langat, Cpa-K's current role is Head of Treasury and Corporate Finance at Kenya Airways.
What schools did Geoffrey Langat, Cpa-K attend?
Geoffrey Langat, Cpa-K attended University Of Nairobi, Kapsabet Boys High School.
Who are Geoffrey Langat, Cpa-K's colleagues?
Geoffrey Langat, Cpa-K's colleagues are Symon Kipruto, Deborah Orangi, Alivitsa Patience, Korir Martin, Nixon Oduor, Owino Okendo, Paula Grace.
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