As a Finance and Commercial leader, I work with business unit leaders in executing business strategies geared towards value creation and shareholder value maximization.I am a business executive with a strong background in financial management, controller-ship and business leadership spanning over 18 years of practical experience. I have been instrumental in steering strategic financial oversight, financial planning & budgeting, legal compliance, analysis and reporting, governance and controls management, organizational development, and coaching.I bring extensive leadership experience leading and motivating teams, and spanning diverse sectors of healthcare and manufacturing, hospitality, IT industry, banking, as well as practical classroom student coaching having undertaken short stint in part-time lecturing finance & accounting subjects at The Catholic University of Eastern Africa.In my current role as the Group Chief Finance Officer at Medionics Healthcare Group, I prepare and monitor strategic plans for the Group annually and engage stakeholders. My Notable career Contributions include:=Led the preparation and approval of Medionics Healthcare Group's 5 years Post Covid-19 strategy running to 2025.=Renegotiated distributorship agreement with 5 key foreign suppliers, resulting to KES 50Million plus savings annually.=Drove increase in operating income from KES 120Million to KES 250 Million annually over a 5-year tenure via top-line revenue growth (+KES 300 Million) through developing and improving forecasting, budgeting, and cost reduction procedures at Medionics Healthcare Group.Specialties:Business Planning & Performance management | Forecasting | International Financial Reporting Standards (IFRS) | Budgeting | P&L and Balance Sheet Management | Stakeholder Engagement | Tax Reforms | System Migration & Controls | Fundraising | Financial Modeling |Strategy Formulation & Execution| Investment Decisions & Treasury Management | People managementFeel free to reach out via email at kenoch03@yahoo.com. I'm eager to connect and discuss potential collaborations that drive mutual growth and positive societal impact.
Medionics Healthcare Group
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Group Chief Finance OfficerMedionics Healthcare Group Oct 2016 - PresentKenyaA healthcare group of companies that provides holistic solutions and materials for pharmacies, hospitals and health laboratories in East Africa. Directing a team of 9 in finance & operations, I oversee Business Operations, Decision Support, Financial planning & Analysis, Business Systems & Legal, and Controllership functions.Key contributions:-Spearheaded risk mitigation strategies, reducing company risk exposure by 30% from 2018 to 2023-Instituted by-monthly performance business reviews with business leaders , resulting in impressive 95% sales target achievement-Optimized working capital management, implementing diverse short-term financing options, leading to a 15% reduction in finance costs-Managed Forex transactions effectively, resulting in a 10% savings on Forex costs through strategic hedging-Created and implemented financial policies and procedures that has enhanced the organization's accounting efficiency by 20%-Developed precise product pricing and costing models, ensuring accurate unit costs, desired margins, notably benefiting sanitary towels and medical product lines-Led the development and implementation of of financial policies, internal controls, and risk assessments, while collaborating with auditors and guiding discussions for operational and financial risk mitigation-Directed the preparation and ongoing monitoring of annual strategic plans in alignment with business objectives, collaborating with senior management to execute the group's strategic vision and evaluate its financial implications-Managed group's investment portfolio, sourcing and evaluating opportunities for maximum returns while minimizing risk exposure-Ensured timely and accurate preparation of financial reports, analyzed financial data to guide strategic decision-making, and led the budgeting process in coordination with departmental heads to optimize resource allocation-Improved cash flow and liquidity, monitored banking relationships and forecasted cash requirements
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Finance & Administration ManagerThe Nairobi Club Mar 2015 - Sep 2016NairobiAn indigenous Members' Club that offers catering and accommodation services, a fitness and wellness center located in Nairobi.Oversaw financial reporting, budgeting, generating accounting, credit, collateral procurement related financial business cases, and vendor proposal evaluations.Key Contributions:-Spearheaded the successful implementation of new cost reduction initiatives in 2015, achieving a 40% reduction in the hotel's housekeeping expenditure through the application of Gemba Kaizen principles-Implemented menu costing for all food plates offered at the restaurants, resulting in precise price margin setting and a 10% improvement in the hotel's profit margin from 2015 to 2016-Orchestrated the development and maintenance of robust financial systems, processes, and controls to ensure precise and punctual financial reporting-Led the implementation of a performance management process, including objective setting, performance monitoring, and provided valuable feedback to senior management-Managed pivotal relationships with banking institutions, auditors, tax authorities, and external stakeholders, fostering collaborative partnerships-Collaborated closely with departmental heads, offering analytical insights and strategic advice during the budgeting, strategic planning, and forecasting processes-Facilitated the identification of improvement areas across various stages of the investment process, optimizing processes and contributing to cash flow savings and synergies during implementation phases-Coordinated monthly, quarterly, and annual financial closing activities, ensuring the accurate preparation of financial statements and timely production of financial reports as per organizational requirements -
Manager Of Financial OperationsEzylife Global, Formely The Paradigm Project L3C May 2009 - Feb 2015NairobiA subsidiary of an enterprise headquartered in Colorado-USA that distributes renewable clean energy products in low-income countries.Managed finance, HR, and facilities, driving organizational growth through scalable infrastructure, expanded distribution channels, and strategic capital planning alongside grassroots field representatives.Key Contributions:-Spearheaded funding pitch proposals to the Global Alliance of Clean Cook stoves, securing US$ 1million in 2012 and US$ 425 thousand in 2013 for distribution activities in remote areas of Kenya-Skillfully managed financial and diligence requests from major donors, providing precise information to foster successful partnerships and donor support-Developed cost-effective distribution and logistics model, reducing distribution budget allocation by 15% in 2013-Established and maintained financial planning models, including budgets, forecasts, and long-term financial plans-Managed grant funds for various projects, ensuring timely reporting of fund utilization and performance following standard templates, while also optimizing cash flow projections to support operational needs-Coordinated the accurate recording of all transactions in Netsuite system and promptly addressed queries from the global CFO in the united states-Ensured precise and timely preparation of financial statements in compliance with accounting standards and regulatory requirements-Implemented cost control measures and strategies to align with overall business objectives-Prepared and distributed Board papers for discussion during local board meetings
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Part-Time LecturerThe Catholic University Of Eastern Africa May 2013 - Dec 2014KenyaA leading institution of higher learning committed to providing quality education rooted in Catholic values and principles.-Delivered engaging lectures on Basic Accounting, Financial Accounting, and Financial management to an evening class of 40 students-Facilitated interactive learning sessions through case studies and practical exercises, fostering a deeper understanding of complex financial concepts-Provided personalized guidance and support to students, assisting them in grasping challenging topics and achieving academic success-Collaborated with fellow faculty members to develop innovative teaching methods and course materials, enhancing the overall learning experience for students -
Chief AcountantOptiware Communications Ltd May 2005 - Apr 2009NairobiAn ICT company implementing turnkey projects within the East Africa Region and headquartered in Kenya.Lead Financial planning and analysis team. provided financial management reporting including monthly reviews, CEO'S reports, executive meetings, and ad hoc support reporting.Key Contributions:-Developed detailed spending and trend presentations to provide insights into financial performance, empowering decision-makers with valuable data for strategic planning and resource allocation-Generated monthly and quarterly budget reports, conducting thorough variance analysis to identify areas of improvement and optimization-Reviewed various legal and statutory documents, ensuring financial considerations are addressed to mitigate risks -Recommended innovative revenue-generation strategies and cost-saving measures to enhance financial sustainability and efficiency-Established robust internal controls and streamlined financial processes to ensure compliance with regulatory requirements and promote transparency-Led cross-functional teams in implementing financial software upgrades, improving data accuracy and efficiency in financial reporting and analysis-Collaborated with departmental heads to align financial strategies with operational objectives, fostering a cohesive approach to financial management across the organization -
Finance OfficerSidian Bank Ltd (K-Rep Bank Ltd) May 2003 - Apr 2005NairobiA leading Micro-Finance Bank that provides a range of finance products for both SMEs and corporates.Ensured financial integrity through meticulous compliance management, accurate reporting, and strategic financial analysis.Key Contributions:-Implemented rigorous quality procedures and investor regulatory compliance standards to assess loan submissions, ensuring adherence to industry best practices and regulatory requirements-Produced month-end closing reports and financial statements in strict accordance with Generally Acceptance Accounting principles (GAAP), providing stakeholders with accurate and reliable financial information for decision-making-Maintained meticulous compliance with accounting practices, classifications, and reporting standards, facilitating seamless cooperation with external auditors and ensuring full compliance with government regulations-Developed and implemented streamlined financial processes and controls to enhance efficiency and accuracy in financial reporting, resulting in reduced turnaround times for reporting tasks-Spearheaded cross-functional initiatives to optimize budgeting process, aligning financial strategies with organizational goals and enhancing resource allocation efficiency
Kenneth Ochieng Education Details
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Kenya School Of Revenue Administration (Kra)Tax Law/Taxation -
2Nd Upper Class Honors -
2Nd Upper Class Honors
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Certified Public Accountant Of Kenya (C.P.A-K)
Frequently Asked Questions about Kenneth Ochieng
What company does Kenneth Ochieng work for?
Kenneth Ochieng works for Medionics Healthcare Group
What is Kenneth Ochieng's role at the current company?
Kenneth Ochieng's current role is Group Chief Finance Officer | Strategic Financial Thought Leader | 18+ years in the business of managing financial & operational aspects of organizations providing key strategies to drive profit growth.
What schools did Kenneth Ochieng attend?
Kenneth Ochieng attended Kenya School Of Revenue Administration (Kra), University Of Nairobi, The Catholic University Of Eastern Africa, Strathmore University, Jomo Kenyatta University Of Agriculture And Technology.
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Kenneth Ochieng
Linguist With Expertise In B2B/B2C Writing And Branding, Fintech, Saas, Manuscript Editing/Evaluation, Proofreading, And Blogging.Nairobi County, Kenya -
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Kenneth Joseph
Software Engineer | Ruby On Rails, Python (Django & Flask) | Devops |Mambu| Oop | Git | Tailwind Css | Postgresql | 4+ Years Experience| @ FinplusNairobi County, Kenya -
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