Leonard Sebikari
Accountant
Kampala
Summary
Forward-thinking team leader skilled at operating departments efficiently to meet goals. Successful background matching employees with roles for maximum performance. Proactive and hardworking individual focused on continuous operational improvement.
Business-minded Finance Manager promoting more 15 years of expertise overseeing financial transactions, financial management and reporting. Highly collaborative individual with track record of effectively training and coaching staff members. Offering confidence, team contribution and decision making skills.
Overview
19
19
years of professional experience
3
3
Languages
Work History
Group Finance Manager
Case Medical Services (Case Hospital and Case Med Insurance Ltd)
Kampala, Kampala District
5 2024 - Current
- Maintain the company’s financial accounting, monitoring and reporting systems in compliance with accounting policies and regulatory requirements.
- Budgeting and forecasting: Prepare cash flow projections and ensure enough liquidity for smooth implementations
- Manage expenditure in accordance with approved budgets
- Preparation of management reports including balance sheet, income statement and cash flows with variance explanations
- Work with senior teams to grow the business, formulating strategies and plans. As a member of the Executive Committee, implement the annual business strategy.
- Staff development of the finance team through training, mentoring, coaching. Manage a team of over 30 staff.
- Coordinate external and internal audit activities in partnership with external and internal auditors.
- A member of the company disciplinary committee that is charged with adjudicating on alleged breaches of discipline.
- Improve the efficiency of financial reporting through automation and by simplifying complex processes.
- Provide valuable insights to senior management through in-depth monthly performance analysis and variance reporting.
- Secure favorable financing terms through strong relationships with banks and other lending institutions, supporting company growth initiatives.
- Maximize return on investment by conducting thorough due diligence for potential mergers and acquisitions opportunities.
- Monitor budget and revenue trends, compiling reports for company leadership to inform decision-making.
Finance and Compliance Manager
SportTech Entertainment Uganda Limited (PulseBet)
Kampala, Kampala District
07.2022 - 07.2023
- Maintained the company’s financial accounting, monitoring and reporting systems in compliance with accounting policies and regulatory requirements.
- Prepared monthly, quarterly and annual account reconciliations, monitored and enforced compliance with tax and financial reporting standards.
- Prepared cash flow projections and ensured enough liquidity for smooth implementations.
- Managed expenditure in accordance with approved budgets.
- Managed all tax fillings related to the business to comply with the tax laws and the URA system.
- Handled routine tax correspondence from URA and advised as necessary with regards to any issues arising therefrom.
- Monitored financial details to ensure compliance with legislation, AML Act / Regulations and FIA guidelines.
- Implemented compliance systems and controls, reporting procedures, record keeping systems, internal control, risk assessment and management, compliance management and communication strategies that worked to minimize financial risk.
- Drove value within the business through margin enhancement, lowering costs and driving operational efficiencies.
- Managed yearly audits in partnership with external auditors and accounting firms.
- Contributed to improvements is design of the online betting platform as a member of the special taskforce on implementation.
- Monitored and tracked inventory items to produce reports such as inventory aging and listings held for sale.
- Reviewed entries made in the fixed assets register and items that have been capitalized within the financial year in order to assess the capital allowances that are applicable.
Chief Accountant
Kuku Foods Uganda Ltd (KFC Franchise)
10.2017 - 05.2022
- Managed the company’s financial accounting, monitoring and reporting systems
- Prepared, monitored and reported performance against the annual budget
- Prepared management reports including balance sheet, income statement and cash flows with variance explanations, store income statements e.t.c
- To specific deadlines
- Accurate periodic financial management reporting including scenario modeling and analytics of the financial performance to shareholders, senior management and other colleagues
- Contributed to the development of company strategy across all areas of the business, challenging assumptions and decision-making as appropriate and provided financial analysis and guidance on all activities, plans, targets and business drivers
- Researched and reported on factors influencing business performance
- Monitored and interpreted cash flows and predicted future trends
- Ensured that company financial systems are robust, compliant and support current activities and future growth
- Monitored payment of creditors; vetting and authorization of disbursements
- Planned and prepared annual statement of accounts, including liaising with the external auditors as appropriate
- Ensured that legal, regulatory, statutory and tax requirements are adhered to and ensured prompt preparation of statutory returns
- Staff development of the accounts team through training, mentoring, coaching.
Financial Controller
Jesa Farm Dairy Limited
07.2013 - 02.2017
- Led a team of accounting professionals in maintaining accurate financial data, preparation of timely financial information for decision making and part of the management team that decides company strategy that resulted in revenue growth of 20% in the last financial year
- Developed and implemented systems to efficiently and effectively safeguard company finances and assets by maintaining a good expenditure control environment
- I was the project manager for the development of an online system for the purchasing and processing of payments to out growers for raw milk supplied on a daily basis
- Preparation of accurate financial information based on Generally Accepted Accounting Principles (GAAP) such as monthly performance reports, bi-weekly sales/revenue reports and daily cash movement summaries for management; IFRS financial statements for statutory reporting to the relevant authorities
- Preparation of the annual company budget and reporting on the Company’s actual performance as compared to the budget on a monthly basis
- Timely submission of statutory schedules for taxation to the Uganda Revenue Authority and preparation of payments due such as Pay As You Earn (PAYE), Value Added Tax (VAT), National Social Security Fund (NSSF), Income Tax, Withholding Tax (WHT) etc
- Based on existing laws
- Preparation and implementation of the monthly company payroll for 220 permanent staff; weekly, bi-monthly and monthly payments to 120 out growers and bulk raw milk suppliers; liaise with the procurement coordinator to ensure favorable terms for the company
- Sign off on the monthly reconciliation of the eight company bank accounts to ensure that all transaction are correctly captured in the General Ledger
- Maintenance of an accurate General Ledger to ensure that all company transactions are recorded in line with GAAP
- Key point of contact for banks, Uganda Revenue Authority, external auditors
- Communicated in a professional manner, with the production team, sales and marketing team and other sections of the organization to ensure that the financial implications of decisions made are correctly analyzed
- Monitor the collection of debts from customers to ensure that no debtor balances are overdue for collection
- Orient, train and supervise new employees.
Internal Auditor/Business Analyst
Meridiana Africa Airlines (U) Limited (Air Uganda)
09.2010 - 06.2013
- Reviewed compliance with policies, procedures and statutory requirements in the various financial operations, and made recommendations on the improvement of the Airline’s systems
- Was able to identify weaknesses in the cash payments system that caused un-necessary loss to the company
- Evaluated the reliability and integrity of management information and the efficient and effective use of company resources at Air Uganda
- Identified areas subject to internal audit coverage by preparing risk assessments of the various processes, evaluated their significance and assessed the degree of risk inherent in the activity to determine the level of in-depth review to be performed in each audit
- Reported on financial and operating systems weaknesses to ensure that company assets are safeguarded and company procedures are carried out economically, efficiently and effectively
- Was able to burst a racket of sales and ticketing agents that were not applying the correct ticket change rates to customers
- Evaluated the accuracy, materiality, and reliability of accounting records and other statistical data, and management information developed therefrom
- Conducted in-depth and spot check audits to determine the existence, adequacy and extent of compliance with financial, accounting and operating policies, procedures and controls in all areas affecting operations
- Reported internal audit findings and made recommendations to management of Air Uganda on where improvements could be made
- Worked closely with the Procurement Manager to develop a procurement manual
- Prepared and presented quarterly reports to the Audit Committee of the Board of Directors
- As a member of the disciplinary committee, actively participated in the disciplinary process for staff members found breach of approved company policies and procedures to ensure all cases of misconduct are given a fare hearing.
Manager Financial Reporting
Stanbic Bank (Uganda) Limited
10.2009 - 09.2010
- Custodian of the General Ledger, Chart of Accounts, and the repository for all Financial and Management information for the Bank
- Was in charge of the overall integrity and accuracy of the General Ledger as a basis for the preparation of financial and management reports
- Prepared financial reports
- Ensured that all internal and external reporting requirements are met, including preparation of monthly and quarterly accounts, Group Accounts, quarterly press releases and Statutory Annual Financial Statements
- Supervised four Financial Reporting Officers to ensure that the correct journals were prepared and posted into the general ledger and that the required month end reports are prepared accurately and on time
- Coordinated with the bank's Information Technology function to ensure that the systems were capturing the required transactions from the banking system to the financial reporting system
- Computed monthly Treasury bill revenues to ensure that the revenue was recognised in line with the bank’s accounting policies
- Prepared weekly trial balance reports for circulation to the various line managers in the finance department, to ensure completeness of the information captured
- Ensured that all suspense accounts, as well as other key balance sheet accounts in the trial balance were reconciled by the financial reporting team
- Coordinated the process of accrual for all company expenditure on a monthly basis in conjunction with the Manager Payments.
Senior Associate/Associate
PricewaterhouseCoopers (Uganda) Limited
09.2005 - 10.2009
- Reviewed financial statements for compliance with International Financial Reporting Standards (IFRS) and the Ugandan Companies Act
- Prepared and presented to client management, communication including financial information and reports on internal control weaknesses and other necessary communication
- Planned external audit engagements such as engagement flow, staffing and other resource requirements to enable smooth flow of each external audit assignment
- Trained and coached less experienced staff members and new recruits
- Reviewed and gave feedback to the less experienced associates on the various tasks assigned to them
- Tested the internal controls environment for clients in a variety of business categories such as banking, media, and agricultural production and customer services
- Reviewed trial balance figures for accuracy and completeness and tested the balances to ensure that the numbers are supported by sufficient evidence
- Collected financial information for analysis and documented this information according to the approved audit methodology as prescribed by the organization
- Drafted statutory financial statements for some our clients in line with the International Financial Reporting Standards.
Education
Certified Public Accountants of Uganda (CPA-U) - Accounting And Finance
Institute of Certified Public Accountants Uganda
Kampala, Uganda 08.2017 - 08.2017
Chartered Certified Accountant (ACCA) - Accounting And Finance
The Association of Chartered Certified Accountants
United Kingdom 12.2008 - 12.2008
Bachelor of Science in Civil Engineering (Hons) - Civil Engineering
Makerere University Kampala
Kampala, Uganda 10.2005 - 10.2005
Uganda Advanced Certificate of Education - A-Levels
Kings College Budo
Wakiso, Uganda 12.2000 - 12.2000
Uganda Certificate of Education - O-Levels
Kings College Budo
Wakiso, Uganda 12.1998 - 12.1998
Skills
A lot of experience in institutional management, internal control, good interpersonal and problem solving skills Ability to oversee administration and support functions such as Human Resources, Procurement, with Regulatory Compliance
Use of accounting software; SAP, Tally, QuickBooks, Asset Manager, Paymaster, Internet Banking, Omega Core; and Microsoft Office packages such as; MS Word, MS Excel, MS PowerPoint, MS Outlook and MS Visio
Strong knowledge of International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), International Standards on Auditing (ISA) and International Accounting Standards (IAS)
Ability to cultivate good working relationships with other colleagues in different areas of the organization A communicator with good presentation skills
Analytical Thinking
Personal Information
- Gender: Male
- Nationality: Ugandan
References
- Regina B Corry, Country Lead and Director, SportTech Entertainment Uganda Ltd, Kampala, Uganda
- Orge Godana, Finance Director, Java House Africa, ABC Place, Waiyaki Way, Nairobi, Kenya
- Brian Sekacwa, Senior Human Resources Business Partner, Kakira Sugar Limited, Jinja, Uganda
Disclaimer
I CERTIFY THAT ALL INFORMATION STATED IN THIS RESUME IS TRUE AND COMPLETE TO THE BEST OF MY KNOWLEDGE.
Timeline
Finance and Compliance Manager
SportTech Entertainment Uganda Limited (PulseBet)
07.2022 - 07.2023
Chief Accountant
Kuku Foods Uganda Ltd (KFC Franchise)
10.2017 - 05.2022
Certified Public Accountants of Uganda (CPA-U) - Accounting And Finance
Institute of Certified Public Accountants Uganda
08.2017 - 08.2017
Financial Controller
Jesa Farm Dairy Limited
07.2013 - 02.2017
Internal Auditor/Business Analyst
Meridiana Africa Airlines (U) Limited (Air Uganda)
09.2010 - 06.2013
Manager Financial Reporting
Stanbic Bank (Uganda) Limited
10.2009 - 09.2010
Chartered Certified Accountant (ACCA) - Accounting And Finance
The Association of Chartered Certified Accountants
12.2008 - 12.2008
Bachelor of Science in Civil Engineering (Hons) - Civil Engineering
Makerere University Kampala
10.2005 - 10.2005
Senior Associate/Associate
PricewaterhouseCoopers (Uganda) Limited
09.2005 - 10.2009
Uganda Advanced Certificate of Education - A-Levels
Kings College Budo
12.2000 - 12.2000
Uganda Certificate of Education - O-Levels
Kings College Budo
12.1998 - 12.1998
Group Finance Manager
Case Medical Services (Case Hospital and Case Med Insurance Ltd)
5 2024 - Current
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