Florance Kositany

I am an accomplished executive and initiative driven leader keen with a proven track record of performance turnaround and effective management of company operations. With a background in finance and banking, I have gained over 15 years of experience in the service industry excelling in operations management, personnel management, relationship management, Credit management, financial management and business development and management. Additionally, I have also sat in boards of establishments, schools and government bodies where I am mostly involved in the oversight of fiduciary functions.

Aside from this, I am involved in contributing to providing strategic direction, development of policies, monitoring organizational compliance, defining and building key stakeholder relationships. I am also a strategic problem-solver who drives operational initiatives to realize bottom-line results and enhance employee engagement in the pursuit of organizational objectives. My focus is to secure a position in management or as a branch manager where I can contribute my skills and expertise in bringing in and managing the business for the bank.

Work History

Director - Finance and Business

 Redoak communications company Ltd; November 2017 to date The company deals in communications and business consultancy /events organization, training and capacity building and project management (real estate development) in another arm

Duties and Responsibilities

• Business development in liaison with the business development Manager
• In charge of the Company’s strategic direction
• Working closely with companies and individuals to plan their financial futures by offering information and guidance on topics that include taxes, investments and insurance decisions. 
• Carrying out capacity building for my clients especially in the area to do with keeping financial records
• Training the members of staff for our clients on financial literacy.
• Budget making
• Fundraiser on behalf of clients

• Working in real estate investment Helping clients source funding and executing the projects
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• Key Achievements

• Assisted a number of our clients to keep their records and assisted them in seeking for facilities from financial institutions and were able to secure kes 800M from the local banks and other foreign direct investors.
• Successfully trained over 150 people on financial literacy. 
• Organized various serious presidential events namely; KPC oil jetty in Kisumu launch, Kipsigis Sacco re-launch to Imarisha Sacco in Kericho, CRA commission event n Kericho attended by the deputy president and many other events for Kericho county 
• Built the health Centre for Kabianga University in record 6 months

Standard Chartered Bank, Kericho branch; June 2013 - Sept 2017

Duties and Responsibilities

• Business leader for Standard Chartered Bank in Kericho and Bomet counties, in an area of 1.5 million residents and leading a team of 12 servicing 4500 clients.
• Implementing the bank’s business goals and vision 
• Provided leadership to the team by coaching, training, motivating and managing staff performance. 
• Supported branch transformation initiatives roll out and implementation.
• Budget making- responsible with the making of the branch budget and monitoring to ensure that whatever is budgeted at the beginning of the year is followed through and delivered on
• Ensured that credit is administered as per the laid-out credit guidelines, monitor and make decisions on challenging or complex accounts and carry out loan appraisals. 
• Ensured excellent customer service by providing prompt and efficient response and resolution of customer complaints. 
• Prepared and implemented the branch marketing strategies and plans, identify and pursue areas of profitable business, 
• Involved planning, organizing, leading, administering and controlling all the operations of the branch and ensure that branch assets are held in safe custody
• Promoting and protecting the values and integrity of the bank’s brand. 

• Grew the asset book by 200% within the three years—to a tune of Kes 3 billion
• Grew liability/deposits book by 300% within the three years years—to a tune of Kes 4 billion
• Brought down cost income ratio down to 30% from 60%
• Signed memorandums of understanding (MOUs) with five key corporate and learning institutions across our territory
• Opened collection accounts for key leading institutions in the region including public universities.
• Developed my staff by rewarding talent with promotions or permanent positions

Bank of Africa (BOA), Kericho branch; Jan 2010 - June 2013

Duties and Responsibilities

• Championed the entry of Bank of Africa into the South Rift region through the establishment of the Kericho branch which targeted an area of 1M residents. 
• In charge of the Business growth and development of the branch in terms of Assets and Liability.
• Prepared and implemented the branch marketing strategies and plans, identify and pursue areas of profitable business
• Budget making
• Credit analysis/ financial analysis – always analyzed all the client’s proposal to see that they actually qualify for the facilities requested and followed through to ensure that the conditions attached to their approvals are followed through to the letter
• Ensured excellent customer service by providing prompt and efficient response and resolution of customer complaints/queries.
• Ensured that credit is administered as per the laid-out credit guidelines, monitor and make decisions on challenging or complex accounts and carry out loan appraisals. 
• Handled expenditure control by ensuring that the branch books and prepared budget plans ensuring any budgetary irregularities are corrected. 
• Provided leadership to the team by coaching, training, motivating and managing staff performance. 

• Grew portfolio from zero to a book of Kes 1.2 billion
• Achieved break-even within a period of twelve months
• Signed MOUs with various institutions e.g. Ketepa, Pure Circle, AIC Litein Mission hospital
• Developed a loan product for the local market (Chai Loan)
• Developed a tailor made account (Jipange transactional account) for the MSME (micro small and medium size entrepreneurs) that was adopted across the network.

Co-operative Bank, Keroka branch ; Dec 2009 -Dec 2010

Duties and Responsibilities

• Lead the establishment of the first ever branch in Keroka serving over 600,000 area residents. 
• Overseeing Business Management in relation to Assets, Liabilities, Advances 
• Customer Service within the policies/procedure’s guidelines of the bank
• In-charge of Budget preparation and implementation

• Achieved break-even and then profitability within the first nine months of operation
• Built client base to 10,253 against a target of 12,650 per annum within the first nine months of operations
• Generated an asset base of Kes 300 million within the first nine months of operations
• Grew branch liabilities deposit to Kes 425 million within the first nine months
• Installing three ATMS at two different Sacco Premises – Nyansiongo Farmers Sacco etc.

• MBA, International Business Administration (Finance Option)- United States International University; June 2002
• BSc Hons, International Business Administration (Finance Option)- United States International University; June 2000