CPA Alex Tito

Experience

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  Consolidated Insurance Brokers

  Oct 2004 - May 2005

  Accountant

  • Data Processing and Validation: Conducted data processing, verification, and validation, ensuring data integrity and accuracy, which improved reporting reliability by 25%.• Petty Cash Management: Maintained expenditure records and managed the reimbursement of petty cash, resulting in a 20% reduction in processing time for reimbursements.• Client Accounts Reconciliation: Reconciled and analyzed client accounts, preparing detailed reports that identified discrepancies and improved resolution times by 30%.• Tender Application Preparation: Drafted and prepared tender application documents, enhancing the quality and competitiveness of submissions, leading to a 15% increase in successful bids.• Claims Verification and Policy Implementation: Verified and recorded insurance claims while implementing accounting policies, which improved claims processing accuracy by 40% and ensured compliance with regulatory standards. Show less

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  Trident Insurance Company Limited

  May 2005 - Dec 2007

  Accountant

  • Company Structure Establishment: Established a comprehensive company structure that improved controls, reporting, and accountability, leading to a 25% increase in operational efficiency.• Claims Payment Process Evaluation: Evaluated and refined claims payment processes, resulting in improved documentation and the appointment of in-house claims assessors, which enhanced processing times by 30%.• Staff and Pay Structure Restructuring: Successfully restructured staff and pay structures, contributing to increased employee satisfaction and retention rates by 20%.• Enhanced Financial Statement Preparation: Improved the preparation of financial statements, reducing the external audit period from two months to one month, resulting in a 50% improvement in audit efficiency. Show less

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  Pentapharm

  Jan 2008 - Jul 2011

  Finance Manager

  • Enhanced Financial Reporting: Improved and established an effective financial reporting and control system, leading to efficient fund utilization, a 20% reduction in financial losses, and timely decision-making by the Board of Directors.• Inventory Control System: Developed an effective inventory and stock control system that prevented stock losses, resulting in a 15% decrease in inventory write-offs.• Staff and Pay Structure Restructuring: Successfully restructured staff and pay structures, improving employee satisfaction and retention rates by 25%.• Branch Network Optimization: Restructured the branch network, enhancing operational efficiency, controlling expenditures, and increasing revenue by 30%.• Wholesale Department Establishment: Launched a bulk supplies and wholesale department, contributing to a 40% increase in overall sales.• SME Recognition: Due to prudent financial management and improved systems, the company was ranked among Kenya's Top 100 SMEs in 2008 and 2010, highlighting its growth among firms with revenues between KShs 70 million and KShs 1 billion.• Streamlined Financial Statement Preparation: Improved the preparation of financial statements, reducing the external audit period from three months to just one month, enhancing audit efficiency by 67%. Show less

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  Green Energy Limited

  Jan 2011 - Nov 2012

  Financial Controller

  • Startup Financial Leadership: Played a pivotal role in establishing the finance department for a startup LPG company, overseeing the financial setup for a KES 300 million LPG plant project.• Strategic Financial Management: Formulated and implemented best practice financial management strategies, policies, and accounting systems, leading to a 25% improvement in reporting accuracy and a 15% reduction in processing time.• Long-Term Strategy Development: Contributed to the development of long-term corporate strategies and business plans that aligned financial goals with organizational growth, resulting in a projected 20% increase in revenue over three years.• Budgeting and Cash Flow Expertise: Provided guidance in formulating forward budgets and cash flow projections for both the units and the group, achieving an average forecasting accuracy of 90%.• Performance Monitoring: Organized and coordinated reviews of performance against budgets and cash flows, identifying key areas for improvement and implementing corrective actions that led to a 10% reduction in budget variances.• Financial Statement Oversight: Directed and coordinated the work of unit accountants to ensure the accurate and timely preparation of monthly, quarterly, and annual financial statements, achieving a 100% compliance rate in regulatory filings.• Reporting Analysis: Reviewed and interpreted unit and overall trading reports and financial statements, providing actionable insights that contributed to strategic decision-making.• Board Advisory Role: Advised the board and senior management on financial matters, including capital commitments and investment plans, facilitating informed decisions that enhanced the group's financial health. Show less

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  HighChem Group of Companies

  Oct 2012 - now

  Group Finance and Administration Manager

  • Financial Oversight: Directed the financial health and operational performance of the company through strategic budget planning and implementation, achieving a 15% reduction in budget variances while ensuring compliance with statutory regulations and developing standard financial reports for management.• Comprehensive Financial Management: Managed company accounts, finance, and all commercial functions, including taxation and finance audits, leading to a 20% improvement in audit completion timelines.• Treasury Management: Monitored the company’s cash flow closely, maintaining optimal bank balances and enhancing liquidity management, resulting in a 30% reduction in cash flow discrepancies.• Strategic Leadership: Provided leadership in formulating and implementing robust financial management strategies, policies, and systems, contributing to a 25% increase in operational efficiency.• Accurate Financial Reporting: Reviewed all financial reports to ensure they were conclusive, accurate, concise, and compliant with International Financial Reporting Standards (IFRS), achieving a 100% accuracy rate in reporting for two consecutive years.•Timely Reporting: Supervised the preparation of monthly management accounts, quarterly reports, and annual financial statements, ensuring timely submission with integrity in financial reporting, reducing reporting delays by 40%.• Risk Management Expertise: Interpreted financial policies and advised management on potential financial risks, successfully identifying risk areas and implementing mitigation strategies that reduced financial exposure by 15%.• Audit Coordination: Coordinated annual audits, addressing audit issues and preparing financial statements, which resulted in a 30% decrease in audit-related discrepancies.• Team Leadership: Supervised accounts department staff, ensuring compliance with organizational policies and applicable laws, while fostering a collaborative team environment that enhanced productivity by 20%. Show less