Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Hi, I’m
Stanley Rotich
Dubai
Summary
Overview
14
years of professional experience
Work History
Transmed Overseas Incorporated
Senior Operations Accountant
08.2021 - Current
Job overview
- Preparation and analysis of financial reports to support the business, by conducting Monthly Margin analysis, and variance/mix analysis against approved price structure average Margins.
- Assist management in decision-making by providing accurate and timely financial reports on operational performance.
- Uploading discounts and assigning to various business channels as per agreed and aligned plans.
- Lead Business Portfolio Optimizations process to identify opportunities to reduce complexity via SKU rationalization
- Improved financial accuracy by streamlining the operations accounting process and implementing new software solutions.
- Manage price structure by monitoring deviations in Cost related components and margins through SKU-wise analysis on monthly basis and correcting deviations
- Monitoring inventory status and Advising best course of action in regards to Exposures arising from short shelf life products through PBI Dashboards.
- Work closely with business partners in managing their budgets as well as advising best course of action in stalemate situations.
- Review spending and raise claims and follow up for payment in Supplier supported executions.
- Manage and update Rebates, Fixed Rentals etc. In the system to ensure all contractual obligations are accounted for
- Attend trade review meetings with Customer Development Business Partners to review trade changes for the upcoming P&L and provide insight on feasibility of changes and best course of action
- Update the monthly Deployment Plans with business partners
- Work with our external teams to complete month-end reporting and provide inputs and approvals on reporting metrics
- Lead facilitation of ad-hoc projects wherever necessary like price/cost increase analysis, and customer hierarchy trade recalculations
- Conduct value-added feasibility studies to evaluate potential financial benefits/risks of ongoing and future business initiatives, working closely with the cross-functional team; including new product launches, product and contract pricing, marketing expenditure, retail sales promotions, product renovations and other opportunities.
Transmed Overseas Incorporated
Senior Accountant
07.2017 - 08.2021
Job overview
- Ensure data accuracy by verifying accounts, reconciling statements with transactions and conducting internal audits to maintain truthful and precise data
- Prepared monthly journal entries and reconciliations.
- Maintain accounting ledgers by posting accounting transactions and Journal Entries
- Reconciled accounts and created documents for monthly closure procedures.
- Support monthly and annual closure process by recording accruals, deferrals, reclassification and intercompany entries to ensure that both IL and GL are in compliance
- Research Track and Solve Accounting Problems
- Code all vendor invoices to ensure invoices are posted in the correct Business units under the correct GL accounts
- Ensure supplier and vendor payments and are done on timely manner as per agreement terms
- Check and approve Payments, Petty cash, intercompany transactions, etc
- Establish and enforce proper accounting methods, policies and principles and monitor internal controls
- Coordinate and complete yearly annual Audits and internal audits
- Provide recommendations on required changes to enhance efficiency
- Attend stock take and monitor stock count results and report on final variances.
- Assisted in upgrade and conversion of in-house financial systems.
FUCOM LLC
Assistant Accounts Payable Manager
07.2014 - 06.2017
Job overview
- Manage and oversee the daily operations of the accounts payable department
- Process month end closing by preparing 15 stores Gross Margin Calculation files against the budget numbers
- Ensured timely resolution of supplier disputes through effective communication and problem-solving skills.
- Monitor and analyze accounting data and produce financial reports and statements
- Developed strong working relationships with key vendors, negotiating favorable payment terms while maintaining positive rapport.
- Establish and enforce proper accounting methods, policies and principles and monitor internal controls
- Prevented potential fraud risks by establishing strict controls over vendor setup and payment authorization processes.
- Coordinate and complete yearly annual Audits and internal audits
- Provide recommendations on required changes to enhance efficiency
- Manage supplier payments and ensure they are done on timely manner as per agreement terms
- Manage approved budgets and prepare actuals in comparison with budgets and highlight deviations
- Manage all stock take processes and monitor stock count results and report on final variances
- Handle negotiations in special supplier cases e.g Early payment ensuring budgets are achieved without fail
FUCOM LLC
Accounts Supervisor
07.2012 - 06.2014
Job overview
- Served as a trusted resource for colleagues seeking guidance on complex accounting issues or challenges they faced within their roles as Accounts Supervisors.
- Completed the 3-way match of the Purchase order, Goods Receipt Note and Invoice prior to recording any invoice on the ERP
- Verified items billed against items ordered and receive and reconcile differences through investigation and follow-up with the vendor and/or other employees
- Ensured data accuracy and posting to the correct codes in the published Chart of Accounts, of the invoices posted in the system to ensure accurate accounting and subsequent payment
- Reconciled transactions, financial data, and other information to an automated accounting system and correct discrepancies
- Ensured 100% reconciliation of Supplier and accounts as a part of daily routing and investigate and correct discrepancies, if any
- Prepared accurate and timely reports as required by the Line Manager
- Contributed in revising work methods, forms, formats, and standards to improve operating efficiency
- Contributed by responding, coordinating & investigating requests/queries received
- Updated and maintain files and documentation thoroughly and accurately, in accordance with company policy and accepted accounting practices.
- Evaluated software solutions to automate accounting tasks, ultimately increasing overall productivity within the department.
FUCOM LLC
Accounts Clerk
07.2010 - 06.2012
Job overview
- Maintain up-to-date accounts payable system
- Updating and maintaining records of other Income
- Ensuring that all payments are made in accordance with company policy
- Reconcile accounts payable transactions
- Paid invoices by verifying transaction information; scheduling and preparing disbursements; obtaining authorization of payment
- Processed trade vendor invoices and service provider invoices for inventory by entering them into the system
- Monitored suppliers account details for terms of payment, credit terms and other irregularities
- Entered all Service Provider invoices into the System after checking with company logistic records of each transaction and after receiving approved purchase orders
- Reported any Documentation issues reported by Logistic / Freight Forwarders to the Vendors for timely solution
- Make Monthly / Periodic reconciliation of Vendor Accounts immediately notifying any variances to the vendor and the management for corrective action
- Reconciliation for Trade vendors done on a bi-monthly basis to ensure there is sufficient time to resolve issues if any before the month end and non-trade vendors reconciliation are done every month end
- Notifying the vendor and the management of any additional cost involved on shipments, in order to minimize exposure of charges and unforeseen loss to the company
- Vendor Payments to be processed as per each vendors credit terms without incurring any late payment charges and missing out on any vendor rebates
- Develop and maintain reports and files on the Accounts Payable processing
- Review Import documents and ensure docs are approved and sent to the banks on time
- Assist with month-end closing.
Education
Moi UniversityEldoret Kenya
Bachelor of Tourism Management
12.2009
University Overview
Skills
- Month-end close
- Accounts Payable and Receivable
- Bank Reconciliations
- General Ledger Management
- Journal Entries
- Team Collaboration
- Variance Analysis
- Critical Thinking and Analysis
References
References
Furnished immediately Upon requestLanguages
English
Bilingual or Proficient (C2)
Timeline
Senior Operations Accountant
Transmed Overseas Incorporated
08.2021 - Current
Senior Accountant
Transmed Overseas Incorporated
07.2017 - 08.2021
Assistant Accounts Payable Manager
FUCOM LLC
07.2014 - 06.2017
Accounts Supervisor
FUCOM LLC
07.2012 - 06.2014
Accounts Clerk
FUCOM LLC
07.2010 - 06.2012
Moi University
Bachelor of Tourism Management
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