Joel Makhanu

• More than 15 years of experience in financial management
• 10 Years banking experience and 7 years telecommunication experience
• Experience working with most African and Middle east markets
• Strong leadership and team building skills
• Energetic, resourceful and a keen learner
• Result oriented professional with a reputation of meeting stakeholder expectations
• Have a good knowledge of International Financial Reporting Standards (IFRS)
• Passion for financial data analysis and delivering key stakeholder reports

WORK EXPERIENCE

2020-March – to Date: Lendtech Investment Group (Member of the DT one Group)

Finance Director

• Deliver annual operating plans and Long-term plans to the key stakeholders
• Deliver quality management financial reports accurately to Management, Board and Shareholders
• Support business revenue targets achievement through provision of insightful analytics and strategic direction
• Ensure cash and liquid assets of the company are managed effectively so that obligations to creditors are met when due
• Engage external financiers to raise funds to ensure the business can meet working capital and capital investment requirements
• Ensure business compliance by ensuring adequate controls are in place and continuously monitored
• Ensure receivables are collected timely
• Put in place and continuously monitor financial control policies
• Monitor overall risk of the business and mitigating actions for the same

2017 – 2020 March: Telkom Kenya Limited

Finance Head Business Planning and Analysis

• Delivered timely annual operating plans and Long-term plans to the key stakeholders
• Continuously delivered quality management financial reports accurately to Management, Board and Shareholders
• Supported business revenue targets achievement through provision of insightful analytics. 
• Achieved a reduction of at least 30% of the cost base line through continuous initiatives on cost lines to ensure resources are channeled only to the most optimal uses
• Ensured cash and liquid assets of the company are managed effectively so that obligations to creditors are met when due
• Engaged external financiers to raise funds to ensure the business can meet working capital and capital investment requirements
• Ensured business compliance by ensuring adequate controls are in place and continuously monitored

Aug 2012 – 2016: Airtel Kenya Limited

Financial Controller (Airtel Money)

• Supported the business teams with key financial decisions leading to double digit business growth every year.
• Ensured all statutory requirements are complied with and no exceptions in the audit reports
• Efficiently managed liquidity that ensured all obligations are met when due.
• Ensured resources are channeled to the most optimal uses
• Supported revenue targets by negotiating favorable rates for products and arranged external finance when necessary
• Managed internal and external audit exercises. Ensured timely completion and coordination of quarterly audits with no qualification or material adjustments
• Ensured operation within budget by monitoring and tracking of spending as per annual operating plan
• Developed and implemented financial control policies and procedures and ensured these are well documented and updated on a regular basis

2011 – 2012 Stanbic Bank Limited

 Financial Reporting and Internal Controls Manager

• Successfully managed the demerger process and subsequent listing of insurance companies separate from banking and financial services. Currently Stanbic Bank is listed separately from Liberty insurance in the Nairobi securities exchange.
• Achieved accurate and timely publication of all monthly, quarterly and annual financial statements and management accounts to the key stakeholders
• Effectively delivered annual budgets as per stakeholder expectations
• Efficiently supported the business units to achieve their budgets through financial analysis and continuous feedback on their performance against plan
•  Accomplished delivery of regulatory reports as per CBK prudential guidelines consistently statutory compliance guidelines
• Ensured a clean balance sheet is achieved through adequate internal financial controls and no major financial control lapses
• Effectively managed internal and external audit exercises

2009 – 2011 Equity Bank Group 

Financial Reporting Manager

• Successfully set up of Sudan entity reporting structures which included local regulatory reports, group reporting and management reporting.
• Set up Equity Group reporting structures for the entities Equity bank Kenya, Uganda, Sudan, Equity Insurance and Equity investment bank.
• Ensured effective and accurate consolidation of management, financial and published accounts of the Group. The Group incorporates Equity Bank Kenya, Equity Bank Uganda, Equity Bank Sudan, Equity Insurance Agency, Equity Investment Bank, Equity Nominees, Equity consulting and Finserve Africa.
• Achieved accurate and timely publication of all monthly, quarterly and annual financial statements and management accounts to the key stakeholders
• Effectively delivered annual budgets as per stakeholder expectations
• Efficiently supported the business units to achieve their budgets through financial analysis and continuous feedback on their performance against plan
•  Accomplished delivery of regulatory reports as per prudential guidelines consistently
• Effectively managed internal and external audit exercises

2003 – 2009 Standard Chartered Bank 

Reporting Manager

• Automated financial reports for Standard Chartered Bank South Africa and trained the finance team on the same.
• Successfully implemented Basel II for Standard chartered south Africa in order to comply with Reserve Bank of South Africa requirements
• Realised timely delivery of management financial reports accurately to both country management and global head office
• Successfully managed the compilation, review and submission of annual budgets
• Undertook a successful disaster recovery testing all the finance systems from an offsite location in Ghana to ensure that work and processes can continue in case of a disaster in the Kenyan office location.

• Ensured timely settlement of all creditors
• Ensured the fixed asset records were maintained accurately and verified regularly

Masters of Business Administration United States International University (USIU)

Strategic Management Minor, GPA 3.4

Bachelor of Commerce (Finance) University of Nairobi

Upper second Class Honors Degree, 64.4 points

Kenya Certificate of Secondary Education Mukumu Boys High School Mean Grade of B+ (83 Points)