Robert Ddumba
Kampala,102
Summary
An experienced financial professional with a proven track record in delivering strategic financial management solutions. Approach is results-driven, focusing on aligning financial strategy with overall business goals. With a strong background in Treasury and Credit Management, a key role is optimizing financial operations and managing risks across organizations. Robert is committed to delivering innovative, results-driven solutions in treasury and credit management, ensuring financial stability while supporting strategic growth and profitability. His focus is on optimizing financial operations, implementing innovative financing solutions, and managing risks to drive sustainable growth and operational efficiency.
Overview
23
23
years of professional experience
Work History
Lead Associate
Fiscal Dynamics Limited
06.2020 - Current
- Financial Management Advisory: Providing expert consultancy to optimize financial performance and streamline business operations
- Treasury & Credit Policy Formulation: Designing and implementing effective treasury strategies and credit policies to ensure liquidity, and financial stability
- Tax Planning & Advisory: Offering strategic guidance on tax optimization and compliance to reduce liabilities, and enhance financial efficiency
- Risk Management: Identifying, assessing, and mitigating financial risks to safeguard assets, and ensure business continuity
- Client Relationship Management: Cultivating strong, long-term client relationships, enhancing trust, and driving sustainable growth
- Strategic Financial Solutions: Delivering tailored, data-driven financial solutions to meet diverse client needs, and support business objectives
Group Treasury and Credit Controller
MOGAS Group
09.2018 - 05.2020
- Treasury Management: Spearheaded group-level treasury operations to ensure efficient cash flow, liquidity management, and capital distribution across various divisions
- Credit Risk Management: Designed and executed comprehensive credit management strategies, improving credit assessments, terms, and collections processes to drive financial efficiency
- Policy Development: Created and implemented effective treasury and credit policies, ensuring alignment with organizational goals, while safeguarding financial health
- Risk Mitigation: Proactively identified financial risks, and executed targeted measures to minimize exposure and protect company assets from potential volatility
- Banking Relationships: Fostered and managed strong partnerships with banking institutions to streamline financial transactions, secure competitive financing, and enhance service offerings
Senior Accountant
Oriflame East Africa Uganda Limited
04.2016 - 04.2018
- Financial Reporting: Prepared and presented accurate financial reports, ensuring timely delivery and providing clear insights to support key business decisions
- Strategy Execution: Played a key role in implementing business strategies by aligning financial resources, and providing strategic financial guidance
- Financial Oversight: Managed day-to-day financial operations, ensuring efficient budgeting, forecasting, and resource allocation to meet organizational objectives
- Audit Support: Coordinated with external auditors, facilitating audit processes by providing accurate financial documentation, and ensuring compliance with regulations
- Tax Compliance: Administered tax functions, including tax planning, reporting, and compliance, ensuring adherence to local tax laws while optimizing tax liabilities
- Statutory Deduction Management: Managed and ensured the timely and accurate processing of statutory deductions, such as PAYE, NSSF, VAT, WHT, and LST
- HR and Payroll Support: Provided financial oversight to HR activities, including payroll administration and benefits management, ensuring accuracy and compliance
- Office Administration: Managed general office administrative duties, ensuring the smooth operation of office processes, and supporting overall business efficiency
Treasury and Credit Manager
Vivo Energy Uganda Limited
04.2009 - 04.2014
- Strategy Formulation & Execution: Developed and implemented alternative financing solutions, including identifying and negotiating with financial institutions for bank facilities to optimize liquidity and funding
- Cash Flow Management: Oversaw cash flow forecasting and budgeting, ensuring financial stability, and proactive management of cash resources
- Payments and Collections Management: Managed payment processes and optimized collections, maintaining healthy cash flow and supporting operational needs
- Key Supplier Relationship Management: Cultivated and maintained strong relationships with key suppliers, ensuring favorable terms, and smooth supply chain operations
- Financial Reporting: Delivered comprehensive financial management reports, providing critical insights for strategic decision-making, and operational planning
- Risk Management: Assessed and mitigated financial risks, implementing strategies to minimize exposure, and ensure organizational resilience
- Credit Portfolio Oversight: Managed the credit portfolio, ensuring effective credit risk assessment, and portfolio performance
- Payroll & Retirement Benefits Administration: Handled payroll preparation, ensuring accuracy and compliance, and managed retirement benefits schemes, including serving as a Trustee on the Pension Scheme Board
- Innovative Financing Solutions: Successfully launched and implemented invoice discounting and direct debit systems, significantly improving cash flow and payment processes
- Cost Reduction and Automation: Led initiatives to reduce financing costs by60%, and automated bank reconciliation and supplier payment processes, increasing operational efficiency
- Project Financing: Secured financing for the Aggreko power project, ensuring project funding, and successful execution
- Pension Scheme Transition: Managed the transition of the pension scheme from a Defined Benefit to a Defined Contribution plan, ensuring a smooth and compliant shift for all stakeholders
Accounts Payable Controller
Shell Uganda Limited
01.2006 - 01.2009
- Accounts Payable Management: Maintained and updated the accounts payable ledger, ensuring all supplier invoices were approved, processed, and recorded accurately
- Ensured data completeness and integrity to support financial reporting
- Tax Compliance and Support: Managed VAT, PAYE, LST, and supported tax audits, ensuring compliance with relevant tax laws, and providing necessary documentation for audit processes
- Payroll Support: Provided assistance in payroll management, ensuring timely and accurate processing, while supporting overall HR functions
- Bank Reconciliation: Regularly reconciled bank accounts, ensuring all transactions were accurately reflected, and discrepancies were resolved promptly
- Pension Fund Administration: Advised the Pension Board on fund availability and investment options, helping ensure a sound strategy for employee retirement benefits
- Supplier Relationship Management: Managed supplier expectations, ensuring timely payments, and fostering positive relationships to support business operations
- Ledger Integrity: Ensured a100% reconciled accounts payable ledger, maintaining accuracy, and minimizing errors in financial records
- Tax Audit Success: Contributed to a successful tax audit in2007, ensuring full compliance, and mitigating potential liabilities
- Awards & Recognition: Recognized with the Team Player of the Month award for outstanding collaboration and contribution to team success
- Supplier Relationship Improvement: Played a key role in enhancing relationships with suppliers by ensuring clear communication and timely payment processing
Banking Accountant
Shell Uganda Limited
01.2004 - 01.2006
- Account Reconciliations: Managed and performed detailed account reconciliations, ensuring accuracy and timely resolution of discrepancies
- Supplier Payments: Processed supplier payments efficiently, ensuring accuracy and compliance with company policies, while improving payment cycles
- Cheque controls and clearing: Monitored and controlled cheque transactions, ensuring timely clearing, and proper recordkeeping
- Bank and Cash Account Monitoring: Oversaw daily monitoring of bank and cash accounts to ensure liquidity, and optimize cash management practices
- Petty Cash Management: Administered petty cash, ensuring proper documentation, reconciliation, and adherence to company policies
- Business Process Reengineering: Led initiatives in business process reengineering to streamline operations and enhance efficiency, aligning processes with strategic goals
- Core Banking Transformation: Contributed to core banking system transformation efforts, helping to improve banking operations and integration with broader financial systems
- Project Management: Played an integral role in managing projects related to banking and financial operations, ensuring successful execution and alignment with business objectives
- Bank Reconciliation Optimization: Successfully reduced the number of items requiring reconciliation, improving accuracy and efficiency in bank account management
- Bank Relationship Management: Strengthened relationships with banking partners, enhancing service terms, and ensuring smooth financial transactions
- Supplier Relationship Enhancement: Improved supplier relationships, reducing payment periods, and fostering mutually beneficial partnerships
Banking Officer
Allied Bank International Limited
01.2002 - 01.2004
- Central Bank Interbank Clearing: Facilitated interbank clearing processes in compliance with central bank regulations, ensuring timely and accurate transaction settlements
- Foreign Exchange Trading: Assisted with foreign exchange trading, providing exchange rate information, and supporting smooth currency transactions for customers
- International Bank Transfers: Managed international wire transfers, ensuring accurate and timely processing of cross-border transactions
- Cash Deposits and Withdrawals: Oversaw cash deposit and withdrawal processes, ensuring accuracy and prompt service delivery for customers
- Customer Service: Delivered exceptional customer service, addressing queries, and resolving issues to ensure a positive experience for all clients
- ATM Operations and Implementation: Managed ATM operations, including the installation and maintenance of ATMs, ensuring availability and reliability for customers
- Efficiency Improvements: Reduced the signature capture turnaround time from8 days to just20 minutes, significantly improving operational efficiency and customer satisfaction
Education
Diploma - Certificate in Treasury (CERT)
Association of Corporate Treasurers (ACT) UK
UK01-2019
Diploma - The Post Graduate Diploma in Tax And Revenue Admin
East African School of Tax
Uganda01-2018
Certificate - ACCA Stage 2
Self Study - Online
N/A01-2006
Bachelor of Commerce - Accounting
Makerere University
Uganda01-2002
Skills
- Strategic Financial Management and Planning
- Cash Flow Forecasting, Planning and Projections
- Effective Negotiation and Deal Structuring
- Payroll Administration and Compliance
- Employee Retirement Benefit Management
- Cross-functional team coordination
- Excellent communication
- Spreadsheet management
- Organizational skills
- Problem-solving abilities
- Budget management
Languages
English
Advanced
C1
Timeline
Lead Associate
Fiscal Dynamics Limited
06.2020 - Current
Group Treasury and Credit Controller
MOGAS Group
09.2018 - 05.2020
Senior Accountant
Oriflame East Africa Uganda Limited
04.2016 - 04.2018
Treasury and Credit Manager
Vivo Energy Uganda Limited
04.2009 - 04.2014
Accounts Payable Controller
Shell Uganda Limited
01.2006 - 01.2009
Banking Accountant
Shell Uganda Limited
01.2004 - 01.2006
Banking Officer
Allied Bank International Limited
01.2002 - 01.2004
Diploma - Certificate in Treasury (CERT)
Association of Corporate Treasurers (ACT) UK
Diploma - The Post Graduate Diploma in Tax And Revenue Admin
East African School of Tax
Certificate - ACCA Stage 2
Self Study - Online
Bachelor of Commerce - Accounting
Makerere University
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