Philip Okello, Acca Email & Phone Number

Kenya

Nairobi County, Kenya

• Implementing and enhancing a robust control framework across accounting processes to ensure effective control monitoring. This involves identifying and deploying suitable controls to mitigate financial risks and ensure alignment with accounting standards and regulations. Continuously monitor and adapt controls as needed.• Spearheading budgeting and forecasting initiatives, involving critical evaluation and refinement of submissions. Develop comprehensive budget packs and collaborate closely with various departments to formulate realistic budgets and forecasts. Vigilantly track actual performance against budgeted targets.• Foster a high-performing financial team by mentoring, counseling, and providing constructive feedback. Establish clear performance expectations, monitor progress, and assess job outcomes. Offer guidance and support to team members to promote their professional growth.• Efficiently oversee project completion by strategically planning, assigning tasks, and meticulously monitoring progress and accuracy. Manage multiple projects concurrently, ensuring timely delivery, adherence to budgets, and achievement of quality standards.• Innovate, review, and optimize payroll and financial processes, along with creating comprehensive training materials to ensure compliance with internal and external regulations. Implement streamlined and effective procedures for financial and payroll functions while ensuring adherence to all relevant laws and regulations.• Conduct meticulous reviews of corporate work papers, including accounts receivable reconciliation, general and administrative expenses, and contribution/distribution schedules. Analyze financial data for accuracy and completeness and proactively address any discrepancies or issues to maintain financial integrity.

Nairobi, Ngong Road

• Successful Sacco Oversight: I oversaw the successful operations of Hazina Sacco Society Ltd, a thriving institution with assets exceeding Kshs. 10 billion, and a workforce of 42 employees. My strategic leadership resulted in increased membership and profitability.• Revenue Growth: Through the development and execution of innovative business strategies, I facilitated a remarkable 20% increase in revenue over a 3-year period.• Strategic Market Insights: I provided valuable market insights and strategic advice to the board, leading to the implementation of new products and services. This move contributed significantly to a 15% increase in our market share.• Cost-Efficiency Champion: My commitment to cost-efficiency led to a commendable 10% reduction in operating expenses while maintaining the highest standards of service quality.• Stakeholder Engagement: I maintained positive and trust-based relationships with business partners, shareholders, and regulatory authorities. These relationships facilitated successful collaborations and favorable regulatory outcomes.• Financial Performance Enhancement: In my capacity overseeing the company's business operations, financial performance, investments, and ventures, we achieved a remarkable 25% increase in return on investment over a 5-year period.• Compliance and Risk Mitigation: I ensured that company policies and legal guidelines were clearly communicated and implemented. This proactive approach improved compliance and reduced legal risks.

Nairobi County, Kenya

• Enhanced Financial Data Management Efficiency: Spearheaded the implementation of a cutting-edge financial data management system at the NGO Coordination Board, reducing errors by 25% and slashing the time needed for financial report generation by 20%, leading to enhanced data accuracy and faster decision-making.• Prudent Management of a Kshs 500 million Budget: Diligently oversaw the finances of the NGO Coordination Board, managing an annual budget of Kshs 500 million. Delivered monthly management accounts and financial statements with pinpoint accuracy, empowering the Board to make well-informed decisions while staying firmly within budget constraints.• Achieved 95% Accuracy in Financial Entries: Implemented robust verification and reconciliation procedures across various financial facets, including internal and external audits, fixed assets register, payment authorizations, and payment vouchers. Achieved an exceptional 95% accuracy rate in asset, liability, and capital account entries, ensuring strict adherence to financial management policies and significantly mitigating the risk of errors and fraud.• Optimized Financial Data Handling: Revamped the financial data handling process by introducing automation and standardized protocols. This resulted in a remarkable 30% increase in productivity and a 15% reduction in the monthly closing time, enhancing overall operational efficiency and freeing up valuable resources for more strategic tasks.• Strategic Financial Process Streamlining: Successfully automated and standardized the analysis, classification, recording, and summarization of numerical and financial data. This strategic overhaul delivered a 30% boost in productivity and streamlined monthly closing processes by 15%, promoting operational efficiency and supporting timely financial decision-making.

Nairobi County, Kenya

• Improved Financial Reporting Accuracy: Implemented a robust error identification and correction system, resulting in a remarkable 25% reduction in financial reporting errors at the NGO Coordination Board, Ministry of Devolution, Kenya. This enhancement substantially enhanced the reliability of financial information provided to management.• Enhanced Efficiency and Productivity: Streamlined routine accounting procedures, including bookkeeping and budgeting, by eliminating redundant steps, leading to a 15% increase in departmental efficiency. This optimization significantly contributed to better resource utilization within the finance department.• Debtors and Creditors Reconciliation Expertise: Successfully restructured and updated debtors and creditors accounts, ensuring meticulous recording and reconciliation. This initiative led to a 20% decrease in outstanding balances and accelerated resolution, thus minimizing financial risks.• VAT Compliance Achievement: Accurately prepared and submitted monthly VAT returns, achieving 100% compliance with tax regulations. This stringent adherence effectively mitigated the risk of penalties or fines for non-compliance, saving the organization valuable resources.• Effective Financial Decision Support: Delivered timely and precise financial information and reports to management, empowering them to make informed decisions regarding budgeting and resource allocation. This proactive contribution was instrumental in optimizing financial strategies for the NGO Coordination Board.

Master Of Business Administration - Mba, Accounting

Results-driven MBA in Accounting with a proven track record of optimizing financial strategies. Leveraging my expertise in financial.

Bachelor Of Science (Bsc), Accounting And Business/Management

Results-driven Bachelor of Science in Accounting with a proven track record of optimizing financial processes and driving profitability..