Public Sector Financial Institutions

RONNIE GEOFFREY KOMAKECH, CPA,MBA.

*** ** *** ** ******* Alberta T2G 0X5

Tel : +1-587*******

E-mail : ***********@*****.***

Professional summary

I am a CERTIFIED PUBLIC ACCOUNTANT ( UGANDA) with over13 years finance and audit experience in Public Sector, Private Sector, Non-Government and Corporate Institutions specializing in finance, Accounting and audits in emergencies/conflict, and stable contexts with experience in early recovery accounting and finance, risk based internal audit, risk and compliance management, budgeting and fiscal management, grants contract management for USAID, ECHO, AusAID, EU, DFID, WFP, CIDA, DANIDA, CDC, Norwegian Government grants, Netherlands Government,Commonwealth and diverse accounting practices for Commercial banks; Credit Institutions and Finance Companies; MDIs; and SACCOS, financial NGOs and non-deposit taking financial institutions.

Some of the assignments Undertaken amongst others: Artfield (NGO/Education), UNASO, UNREA, GWED-G, LOHANA GROUP, CINAMON BECARD LIMITED amongst others Corporate entities.

Consultancies:

1.Making pads using banana fibers funded by UDB.

2.Consultancy in private zoo in Northern Uganda.

Technical Competencies:

Sectors: financial guidelines/ policies for Commercial banks; Credit Institutions and Finance Companies; MDIs; and SACCOS, financial NGOs and all other non-deposit taking financial institutions, Non-Governmental Organizations

Finance Standards/policies: (include all for example Government of Uganda Public Finance Management Act; Targeted Financial Sanctions in Uganda; Statutory Compliance. Thorough understanding and applications of International Financial Reporting Standards, International Accounting Standard, Generally Accepted Accounting Principle(GAAP), International Standards on Auditing

Private and Public Sector Budget Management by the application of International Public Sector Accounting Standards, Financial Management Act, Financial Institution Act, Company Act, Insurance Act, Deposit taking institutions Act, Capital Market Authority, hence helping in the application of the different types of budget like Zero based budgeting, Incremental budgeting, Activity based budgeting and value prepositioning.

Accounting and Financial Packages- Quick books, Microsoft packages, Quick books, Equinox, I-apply and Profits

Office packages: Microsoft Word, Microsoft Access, Advance Excel, Microsoft Publisher, Microsoft PowerPoint, Internet E-mail, Salesforce.

Finance and budget management by involvement in budgeting and reviewing financial plans and reports to ensure plans/spending are allowable, within limits, timely and provide policy surveillance to ensure compliance to partnership standards and donor specific requirements, in accordance to generally accepted accounting principles (GAAP) while ensuring adequate internal controls are in place and adhered to.

Management of Sub grantees by participating in the initial selection of potential sub grantees, appraising them, training them, Disbursement of funds, follow up and monitoring of activities, review and validation of financial reports and acting as a link between the Donor, Implementing agency and the Grantees.

Compliance Management by reviewing and occasionally updating the policies of the organization so as achieve the objectives of the organization, while adhering to the objectives of the donors, to ensure value for money and the rule of law of the host nation. Reviewing and having a risk profile for an organization and offering guidance.

Audit and Communication by actively engaging with the Auditors of the organization in assessing weaknesses in internal control, responding to Audit queries, and engaging external Auditors.

Analytical skills by the analysis of monthly Financial data/reports of the different project, budgets and Project Budget Actual reconciliation for timely management decision making and corrective action for specific issues regarding support office commitments, program implementation and other issues that impact negatively on programs.

Team working attribute by working collaboratively with colleagues to achieve organization goals, solicits input by genuinely valuing others’ ideas and expertise. Placing team agenda before personal. Support and act in accordance with the final group decisions, and share credit for team accomplishments and accepts joint responsibility.

Integrity by demonstrating the values of the organization in its daily activities and behaviours. Act without consideration of personal gain. Resists undue pressure in decision making. Stands by the decisions that are in the Organization’s interest even if they sound unpopular. Takes prompt action in cases of unprofessional or unethical behaviour.

Professionalism by showing pride in work and achievements. Demonstrate professional competence and mastery of subject matter. Is conscientious and efficient in meeting commitments, observing deadlines and achieving results. I am motivated by professional rather than personal concerns. I show persistence when challenged with difficulties, and remain calm amidst stressful moments.

Leadership by serving as a role model to inspire others. Empowering others to translate vision in to results. I am proactive in developing strategies to accomplish objectives. Establish and maintain relationships with a wide range of people to understand needs and gain support. Anticipate and resolve conflicts by pursuing mutually agreeable solutions. Driving for change and improvement without accepting status quo. Showing the courage of taking unpopular stands.

line to avoid budget overruns; participating in analysing the budgets to ensure compliance to the organization policies and donors.

Managing Performance by delegating the appropriate responsibility, accountability and decision making mandate. Make sure that roles, responsibilities and reporting lines are clear to members. Accurately judges the amount of time and resources needed to accomplish tasks and matching tasks to skills. Actively supporting the development and career aspirations of staff. Appraisal of performance fairly.

Decision making/Judgement by identifying the key issues in a complex situation and come to the heart of the problems. Gathering relevant information before making decisions. Considering positive and negative impacts of decisions prior to making them. Taking decisions with an eye to the impact on others and on the organization. Making tougher decisions when necessary.

Technological awareness by keeping abreast of available technology. Understanding applicability and limitations of technology to the work of the office, and showing willingness to learn new technology.

Planning and Organization by developing clear goals that are consistent with agreed strategies. Identifying priorities and assignments, adjusting them when required. Foresee risks and allows for contingencies when planning.

Internal Control championing by identifying internal weaknesses, risks and offering mitigations by reviewing accounting records and transactions, safeguarding accounting information for review when needed to arrive at decisions concerning internal control. Reviewing the different internal controls procedure and measures put in place during the procurement amongst deliverables.

Education

Award

Institution

Country

Year

CPA

ICPAU

Uganda

2024

MBA

Makerere University, Kampala

Uganda

2015

BBA

Personal finance

Essential

Makerere University

Kampala

McGill University/

Desautels

Uganda

Canada

2007

2024

Relevant Certificates

Diploma Certificate in Risk Management

Alison Education Centre

Ireland

2020

Diploma Certificate in

Project Management

Alison Education Centre

Ireland

2020

Diploma Certificate in

Supply Chain

Alison Education Centre

Ireland

2020

Certificate in Monitoring

And Evaluation

Makerere University

Uganda

2014

Certificate in Sustainable Finance

UN e-learning

Online

2023

Advancing Sustainable Development in Practice

Unitar/UN environment programme

Online

2023

Introduction to Sustainable Finance Taxonomies

UN e-learning

Online

2024

Internal Control Certificate

Unicef

Online

2024

Accounting Management and Reporting Certificate

Unicef

Online

2024

Budget Management Certificate

Unicef

Online

2024

Humanitarian Finance Module Figure

Unicef

Online

2024

Working Experience:

20-03-2023 to 19-05-2024 working as an Auditor with Abacus Associates, Ntinda, Kampala, Uganda.

Responsibilities

Collating, checking and analysing spreadsheet data

Examining company accounts and financial control systems

Gauging levels of financial risk within organisations

Checking that financial reports and records are accurate and reliable

Ensuring that assets are protected

Identifying if and where processes are not working as they should and advising on changes to be made.

Preparing reports, commentaries and financial statements

Liaising with managerial staff and presenting findings and recommendations

Ensuring procedures, policies, legislation and regulations are correctly followed and complied with

Undertaking reviews of wages.

Verification of NSSF records for statutory compliance. Staff contributions compliance with the Government requirements

Verification of Uganda Revenue Authority Statutory compliance with deductions

11-02-2022 to 10-03-2023 working as an Auditor Allied Certified Public Accountant of Uganda, Bukoto, Kampala, Uganda.

Responsibilities

Collating, checking and analysing spreadsheet data

Examining company accounts and financial control systems

Gauging levels of financial risk within organisations

Checking that financial reports and records are accurate and reliable

Ensuring that assets are protected

Identifying if and where processes are not working as they should and advising on changes to be made

Preparing reports, commentaries and financial statements

Liaising with managerial staff and presenting findings and recommendations

Ensuring procedures, policies, legislation and regulations are correctly followed and complied with

Undertaking reviews of wages.

Verification of NSSF records for statutory compliance. Staff contributions compliance with the Government requirements

Verification of Uganda Revenue Authority Statutory compliance with deductions

Achievements

Collated, checked, and Analysed spread sheet data.

Examined company accounts and financial systems

Gauged levels of financial risk within the organizations.

Checked that financial reports and records are reliable and accurate

Prepared, presented and issued financial reports for clients

Verified that statutory deductions are made as per the manuals.

Reviewed payroll for companies.

Drafted the policies, and manuals for Organizations/companies.

Carried out value for money audit

Carried out forensic audit.

Date: 22nd-10-2018 - 10th-12-2021, Internal Auditor, Centenary Bank, Kampala.

As an Internal Auditor, l participated in assessing the risk at the different levels at that branches, assessing internal control weakness, compliance with policies of the institution.

Responsibilities:

Participate in opening meetings with departments to explain the scope and objectives of the audit engagement to auditees and provide an overview of all steps in the audit process.

Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives.

Identify and document inherent risks and controls within the business processes.

Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology.

Perform audit tests and prepare working papers in accordance with professional IIA standards.

Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives.

Identify and document control and process weaknesses and provide evidential support for findings.

Propose practical and value added recommendations to address control weaknesses and/or process inefficiencies. Organize and reference work papers for review by Internal Auditor Manager/chief Internal Auditor.

Participate in closing meetings with audited departments at the end of fieldwork, providing clear explanations for identified issues.

Preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the branch/department and senior management.

Assists the Chief Internal Auditor in the development of the annual Internal Audit plan.

Perform consulting services for management through participation in projects designed to introduce new and/or changing processes, products or facilities.

Provide value added recommendations to mitigate both project and end state risks.

Develops and maintains effective and professional working relationships with all levels of staff within the organization, including Senior Management and Audit Committee of the Board. Conducts investigations of suspected internal fraud.

Achievements

Participated in opening meetings with departments to explain the scope and objectives of the audit engagement to auditees and provided an overview of all steps in the audit process.

Developed a thorough understanding of business processes in scope for assigned audits and documented the processes in flowcharts and/or process narratives.

Identified and documented inherent risks and controls within the business processes.

Developed a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology.

Performed audit tests and prepare working papers in accordance with professional IIA standards.

Evaluated the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identified and documented control and process weaknesses and provided evidential support for findings.

Proposed practical and value added recommendations to address control weaknesses and/or process inefficiencies. Organized and referenced work papers for review by Internal Auditor Manager/chief Internal Auditor.

Participated in closing meetings with audited departments at the end of fieldwork, providing clear explanations for identified issues.

Prepared a concise and informative audit report to effectively communicate the findings and recommendations to the branch/department and senior management.

Assisted the Chief Internal Auditor/Internal Audit Manager in the development of the annual Internal Audit plan.

Performed consulting services for management through participation in projects designed to introduce new and/or changing processes, products or facilities.

Provided value added recommendations that mitigated both project and end state risks.

Developed and maintained effective and professional working relationships with all levels of staff within the organization, including Senior Management and Audit Committee of the Board. Conducts investigations of suspected internal fraud.

Date: 06-02-2017 to 15th-10-2018: Finance Officer with The Populace Foundation International (TPFI). –Common Wealth Governance Funded project, Kampala.

Overall Function

Working under the direction of the Finance and Administration Manager, the Finance Officer is responsible for all aspects of financial management of the country program, ensuring compliance with TPFI internal policies and procedures as well as donor regulations.

ACHIEVEMENTS

•I oversaw and managed daily program-wide accounting and finance functions including timely recording of transactions, cash management, banking, payroll, inventory, receivables, and payables.

•I planned and implemented systems for financial operations in the country office and in area program offices in accordance with the TPFI Finance Manual and donor regulations; including systems for cash flow management, budgeting, consolidation of accounting information, internal controls, financial reporting, financial record-keeping, grant management and compliance.

•I trained and supervised finance Assistant staff in the program.

•I maintained banking relations, planned and monitored country cash flow requirements to ensure the smooth implementation of TPFI projects.

•I prepared monthly standard accounting submissions to TPFI Headquarters, for review by the Finance and Administration Manger, including general ledger files, account reconciliations, expenditures by cost center/project, as well as other financial information in a timely and accurate manner.

•I prepared monthly management reports to the Finance and Administration Manager and Program staff as required, including expenditures by cost center/project and other financial information, in a timely and accurate manner.

•I prepared financial reports, for review by the Finance and Administration Manager, to donors in line with donor requirements and templates.

•I assisted in developing annual fiscal year budgets together with the Finance and Administration Manager.

•I continuously stayed abreast with donor policies, procedures, rules and regulations; compile and update applicable local policies; train TPFI staff in these policies.

•I ensured compliance with TPFI financial policies and procedures.

•I conducted myself both professionally and personally in such a manner as to bring credit to TPFI and to not jeopardize its humanitarian mission.

Any other duties as assigned to me

Date: 5th November 2013 – 30th December 2016, as a Field Accountant with HIAS Refugee Trust of Kenya-Kansanga-Uganda

Duties and responsibilities

•I supervised and monitored all operational financial matters and general accounts of programs

•I was responsible for G/L reconciliation and documentation and month-end word expenditure

•I reviewed and checked day to day accounting vouchers and expenditures statements of programs

•I ensured that preparation and updating of daily bookkeeping was performed in accordance with the guidelines set forth in the financial manual

•I reviewed and checked entries made into FARS and produced reports on incorrect cost allocations with propose corrective actions.

•I reviewed and checked the arithmetic accuracy of Income Tax and social security/pension contribution withheld from staff salaries

•I cascaded successful implementation of accounting, treasury and financial rules and regulations.

•I maintained liaison with Banks and oversaw all banking transactions

•I made monthly cash flow projections and timely remittance of all request for funds to regional office in Uganda

•I was responsible for the integrity and accuracy of financial reports (internal and external)

•I produced monthly budget vs actual report for all projects

•I investigated, understood and communicated financial results and trends to Programme Managers and other senior management.

•I recommended appropriate courses of action when results differed from expectation

Date: 31st August 2011-31st October 2013, I worked as a Finance Officer – Grants Compliance, Monitoring & Reporting with Health Alert International – Uganda

Duties and Responsibilities

•Ensured that costs directly chargeable to external grants complied with the grant agreement and all applicable regulations, coded to grant general ledger account, and reported to USAID.

•Managed financial pre-award screening protocol for sub-granting of external grants

•Trained and supported sub-grantee staff on financial assessments, USAID regulations, and financial reporting related to external grants

•Reviewed and monitored financial reports and documentations from sub-grantees

•Ensured full monthly accountability of grant disbursements to sub-grantees and monitor sub-grantees budgets

•Tracked expenditures and monitored the grant program budget

•Ensured all costs in the project adhered to USAID regulations. Costs ought to be allowable, reasonable and allocable

•Reviewed grant Memorandum of Understanding (MoUs) with sub-grantees for accuracy and ensured MoUs remain valid at all times.

•Monthly cash flow forecast and wire transfer requests.

•Verified original vouchers and receipts and obtained appropriate certification

•Managed petty cash accounts, including ensuring the maintenance of adequate level of petty cash.

•Prepared per diems and other travel advances for project staff

•Tracked travel expense statements for project staff and consultants.

•Production of monthly project financial reports including bank reconciliations, cash journals, personal advance balance reports, and Grand summary sheets.

•Supported preparation of grant budgets and monthly budget vs actual analysis

Statutory tax compliance for income taxes and support coordinating quarterly input VAT claims with USAID from the tax authority.

Supported the program in recruitment and selection process, verification of potential organizations.

Conducted pre-award capacity assessment of the potential grantees and feedback given.

Assisted in the reviewing and consolidation of all sub-grantees’ proposal budgets to ensure compliance with donor and organizational requirements.

Assisted in capacity building of sub-grantees; organized program review meetings, provided continuous technical assistance and continuous mentorship on compliance.

Continuously review sub-grantees’ accounting procedures, internal controls, performed financial risks assessments and established risks mitigation plans

Monitored sub-grantees’ implementation/performance; conducted desk reviews, site visits, joint support supervision and risks assessments.

Followed-up on findings from audits, on-site visits and desk reviews with sub-grantees’ staff.

Reviewed sub-grantees’ financial reports and ensured timely submission of final reviewed monthly reports and adequate cash flows.

Monitored and evaluated sub-grantees’ budgets against actual expenditures and provided recommendation for budgets alignments.

Maintained documentation and retention of sub-grantees’ crucial records, reports, correspondence, etc.

Assisted in the preparation of reports related to sub-grantees.

Provided feedback to the project leadership on overall performance of sub-grantees and recommendation for improvements.

Date:6th October 2008 to 16th August 2011: Centenary Bank – Personal Banker

Achievements

Worked in conjunction with credit officers and other financial services staffers collectively to explain the bank’s financial products, such as loans, lines of credit, credit cards.

Described various products, listening to customer needs and making the educated recommendations about the best course of action for achieving financial objectives.

Assessed the credit worthiness of customers before issuing any time of credit.

Trained, identified and conducted anti-corruption and Fraud Prevention

Corruption identification responses.

Evaluated credit reports, earning statements, bank records and tax returns.

Performed branch corruption related issues to head office.

Preparation of the register for fraud.

Encouraged and reminded staff on adherence to bank’s policies

Performed corruption inquiries.

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