Hussein Dzila

Accomplishments: • Consolidate and analyze financial data (budgets, income statement, Balance sheet, forecasts etc.) taking into account company’s goals and financial standing. • Provide creative alternatives and recommendations to reduce costs and improve financial performance. • Preparation of monthly and quarterly business reviews which include detailed performance analyses and recommend improvement measures. • Lead review of ERM register to ensure sound governance and Enterprise Risk Management. • Drive process improvement and policy development initiatives that impact efficiency operationalization of process. • Review the accuracy of accounting entries, performed monthly account reconciliations, and closed all suspend items leading to effective month-end and year-end closure. • Consult with management to guide and influence long term and strategic decision making within the broadest scope. • Review day-to-day transactions to reconcile transactions by comparing and correcting data and identify areas of improvement. • Enhance transparency and accountability via compliance with accounting policies, monitored internal controls. • Ensure the mid and year-end audit is carried out smoothly and closed all audit findings and submits the year-end annual report within the budget by liaising with both internal and external auditors. • Ensure compliance with tax laws, all taxes and levies aspects i.e corporate taxes, withholding taxes, indirect taxes, PAYE.

Accomplishments: • Prepare accurate monthly financial reports; Balance Sheet, P&L, and Cash Flow statements in accordance with IFRS, and group policies and distributes them within the deadline. Meet with other executives and stakeholders to present data, financial reports, and business strategy. • Formulate and manage an annual budget, cash forecasts, variance reports and cashflow trends and ensured it is aligned with the company’s strategic and operational plans. • Review and authorized all expenses, claims and other payments and ensured are as per budgets and or company policy. • Oversee and guide the daily operations of the company’s finance and accounting section, including financial data monitoring, financial reports preparation, and compliance with accounting methods, policies, and principles. • Collaborate with other senior managers on strategic planning initiatives, including long-term vision and short-term objectives. • Constant review and manage optimal capital structure including significant ratios; working capital, solvency margin, capital adequacy to ensure capital optimization as per risk-based capital requirements. • Prepare and present regular board reports on financial performance, variance analysis, investments and key performance ratios. • Manage a team of 10+ employees in to ensure the efficient and effective operation of all facilities, including adherence to safety regulations and procedures. managed performance evaluations and disciplinary actions when necessary. • Maintain relationships with vendors to negotiate pricing that is favorable to the company while maintaining quality products/services provided to customers. • Spearhead credit control section to enforce policies, improve collection to maintain a health company cashflow. • Increased monthly retail revenue through strategic recommendations for maximizing revenue growth and profitability. • Managed accounting operations, team development, resource allocation, budget management. • Effectively managed, motivated, and developed the Finance department team of about 15 to ensure all deadlines were met with timely and accurate reports. • Evaluated and improved the accounting system to enhance the functionality of financial management and reporting. • Implemented a change management culture by challenging & replacing established processes and procedures. • Managed investments to ensure maximum ROI and ROE. • Reviewed and authorized journals and final GL balances including reviewing month-end balance sheet reconciliations and control accounts. • Led the team in implementing a new Insurance system to support the company’s growth plans.

Accomplishments: • Prepared budget forecasting, interpreted cash flows, and predicted future trends. • Prepare accurate monthly financial reports in accordance with IFRS, and group policies and distributes them within the deadline. • Created 10+ financial reports per week and supported all areas of responsibility within a 13-person finance team. • Developed an effective training program for finance staff on internal controls, risk management, and general business knowledge. • Spearheaded a cost-cutting initiative by implementing new procedures for tracking expenditures and reducing unnecessary spending and achieved a reduction in costs and expenses. • Established accounting principles, practices, and procedures to improve accurate and timely financial reporting, resulting in a recorded 20% accuracy increase. • Analyzed various financial reports, and assessed accuracy, completeness, and conformity to reporting and procedural standards. • Managed and developed 13+ finance professionals, including Financial Accountant (AP, AR, Stock, bank, tax), Senior Accountant, Management Accountant and Credit Controller • Interpreted financial information and data - including Profit & balance sheet & cash flow analysis. • Ensured that strong financial controls and procedures are in place. Supervised Monthly bank, stock reconciliations, AP & AR reconciliations. Managed month, quarter, and year-end processes.

Accomplishments: • Prepare monthly, quarterly, half yearly and annual management accounts and cash flows and forecasts. • Enforce internal controls and sound financial management and supervise finance department staff. • Handling interim and year end Audits with both Internal & External Auditors. • Prepare annual budgets and cash flow forecasts. • Monthly reconciliation of financial system control accounts and related general Insurance accounts. • Assess budgetary position against actual performance, analyze variances and propose action plans. • Prepare reports of accounts payable, VAT, Fixed assets and general ledger in the finance system. • Ensure returns to IRA and KRA are prepared accurately and promptly including online returns. • Review support schedules for all general ledger accounts.

Accomplishments: • Supervising accounting staff to ensure timely preparation of reports and compliance with statutory deadlines. • Preparing monthly management accounts, cash flow statement and year budgets. • Preparing of Quarterly, half yearly and final end year financial statements and IFRS accounts. • Review and submission of tax returns, monthly Vat returns and claims to KRA • Review of bank reconciliations, treasury and advising finance manager on cashflow position. • Handling interim and year end Audits with both Internal & External Auditors. • Maintenance of Fixed assets register and books of accounts. • Analyzing expenditure accounts with review of budgets vs. actual spending for raising supplementary budget estimates where necessary.

Accomplishments: • Preparing bank reconciliations and treasury reports. Processing bank receipts and banking of cheques, maintaining cash books for both local & Foreign Currency. • Processing of suppliers’ invoices, preparing creditors’ reconciliation and payments. • Invoicing customers, monitoring debtors aging analysis for Prompt payments. • Preparing and Payments of Statutory deductions (NSSF, NHIF, PAYE, COTU, KPAWU) and Filing of related returns.

Accomplishments: • Preparing bank reconciliations and treasury reports. Processing bank receipts and banking of cheques, maintaining cash books for both local & Foreign Currency. • Processing of suppliers’ invoices, preparing creditors’ reconciliation and payments. • Invoicing customers, monitoring debtors aging analysis for Prompt payments. • Preparing and Payments of Statutory deductions (NSSF, NHIF, PAYE, COTU, KPAWU) and Filing of related returns.