Erick Okumu

I am a certified public accountant

Finance Controller at Poa Internet Limited (2022-08 – 2026-04)

• Preparation of management reports for the executive team for decision making
• Preparation of cashflow forecast and management of cash spend to align with the forecast
• Co-ordinating external audits for the holding company and its subsidiaries
• Consolidating management accounts for the holding company and its subsidiaries
• Management of team goals to align with business goals
• Analyzing departmental performance against budgets and reporting to the departments
• Producing lenders reporting as per the loan terms

Finance & Administration Manager at Poa Internet Limited (2016-01 – 2022-08)

• Setting up a functioning Finance and Administration department
• Identifying key financial control systems that ensure efficiency in the company
• Preparing Management reports and presenting them for further analysis on monthly basis
• Coordinating with external auditors on all financial audit issues of the company
• Ensuring that the company complies with all the tax requirements in its operations, i.e VAT, PAYE, NSSF, NHIF, withholding tax, Fringe Benefit Tax among others
• Participating in inventory management and approving stock loss dispensation
• Preparation of payroll and filing of taxes
• In charge of all payments made by the company to suppliers and staff
• Monitoring the implementation of agreed action plans to mitigate the identified risks
• Identifying opportunities to add value through improved business efficiencies and effectiveness
• Carrying out analysis of imports for import taxes payments and ensuring proper postings of import documents in the accounting systems
• Organizing and coordinating external audits both for Subsidiary and Holding companies
• Coordinating banking activities of the company
• Participating in the procurement activities of the company through costs comparisons from different suppliers and preparation of Purchase orders
• Co-ordinating all administration activities of the company

Head of Finance at Alidi Kenya Limited (2013-07 – 2015-11)

• Setting up of a functioning Finance department for the company
• Preparation of the company's management accounts and compiling reports on the management accounts to Chief Finance Controller of Alidi Group (Russia) on monthly basis
• Preparing periodic budgets for the company, coordinating the company's transactions with bank
• Heading the Finance department and ensuring that all the finance functions of the company are carried out as per the company policies and reporting to CEO on financial aspects of the company
• Approving all the accounts journals to be passed in the books, payments to the suppliers and supervising monthly banks reconciliations
• Ensuring that the company complies with all the tax requirements in its operations, i.e making sure that correct VAT, PAYE, NSSF, NHIF, withholding tax, Fringe Benefit Tax among others, are filed on time
• Participating in inventory management and approving stock loss dispensation
• Approving payroll prepared by Human Resources Manager for payment to staff
• Ensuring that books of accounts are well prepared for audit and answering audit queries

Chief Accountant at Vegpro Group (2012-04 – 2013-06)

• Consistently formulated a well detailed company's management accounts and compiled accurate reports that were approved by the Finance Controller
• Pro-actively reconciled airlines' charges before making payments to them
• Managing payments for the suppliers, accounts journals passed in the books
• Approving all the banks reconciliations before the reconciliation reports go to the Finance Controller on a weekly basis
• Analyzed VAT tax and ensured the recommended returns are filed to KRA on a monthly basis
• Compiled personnel payroll data regarding monthly statutory deductions and duly filed PAYE, NHIF and NSSF returns on time
• Successfully approved and effected bank transfer payments and consolidated data that facilitated creation of profit and loss account

Semi-Senior Auditor at PKF (K) (2010-06 – 2012-03)

• Audited Corporate Limited companies for diverse industries: Manufacturing, Trading, Property Management, Farming, Partnership and Sole proprietorship businesses
• Assessed financial reports after audit and computed income tax for companies
• Supervised roles and trained junior audit staff working to ensure timely and accurate Preparation of accounts from incomplete records
• Audited companies' internal controls and presented a detailed report to Audit Manager that later provided recommendations for implementation
• Participated in stock take for various companies

Audit Assistant at Grand Thornton/VKM Kenya (2008-11 – 2010-05)

• Conducted the Expenses audit (including salary audit and salary analysis as per ledger and salary as per payroll and then reconciling any difference between them)
• Carried out VAT audit (this also includes analyzing VAT as per ledger and VAT as per VAT3 and then reconciling any difference between them), including vat claimable audit
• Formulated Income audit i.e. Sales income (this also includes export sales audit), rental income, dividend income and other incomes of clients
• Carried out purchases audit (this also includes import purchases audit) and cost of sales audit
• Prepared the profit and loss A/C schedules i.e. expenses schedules and expenses and incomes lead schedules
• Carried out fixed Assets audit
• Performed debtors audit, debtors ageing and audit of subsequent payments of debtors, Accruals audit and audit of subsequent payments of accruals
• Led the team in carrying out successful Statutory audit (audit of Share Capital), Creditors audit – this also includes creditors ageing and audit of subsequent settlements of creditors' accounts
• Raised fee notes for the audit work done after discussing with the senior auditor on what amount of fee the client should pay for the audit work
• Prepared Tax notes for drafting final financial accounts

Internship, Finance Department at Sony Sugar Co. Ltd (2008-06 – 2008-09)

Bachelor of Commerce in Finance Option – KCA University, deferred