Samuel Omagor

SAMUEL OMAGOR CERTIFIED PUBLIC ACCOUNTANT (CPA) CONTACTS WORK EXPERIENCE Chief Financial Officer, ASA Microfinance Uganda Ltd - - Jan 2020 - Mar 2025 -  Provided accurate and timely financial statements and required financial reports to stakeholders, including management, funding partners and regulatory bodies.  Directed budget development, budgetary controls and monitored key performance indicators and provided recommendations to management to make informed decisions. P.O Box 36680, Kampala, Uganda ABOUT ME Dynamic and skilled finance professional with extensive experience in strategic financial planning, risk management, leadership, compliance and operational efficiency. Expert in driving profitability, growth and stability. Proven track record in managing budgets, optimising costs, and streamlining financial operations. Recognised for strong analytical skills and ability to communicate complex financial concepts clearly. Collaborative and adaptable, ready to lead teams and drive results. SKILLS    Negotiated favorable credit terms with funding partners /banks for increased borrowing capacity (up to $10M) at reduced interest rates and maintained sufficient liquidity to support operations.  Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis, such as introduction of insurance product which brings in $500,000 income per year.  Mentored a strong and motivated team of accountants for high quality financial reporting.  Maintained full compliance with regulatory requirements, tax authorities, company policies and procedures.  Maintained a robust internal control system to minimize risks and ensure accuracy and reliability of financial information, implemented risk mitigation actions, including Forex hedging solutions.  Implemented cost saving measures and strategies that optimize profitability, and enhanced long-term financial sustainability. Achieved 110% of budget profit in 2024.  Streamlined the procurement process to ensure transparency, efficiency, value for money and compliance with policies and procedures. List of prequalified suppliers & service providers is in place.  Timely settled third party liabilities including repayment of foreign currency loans.  Placed short term investments with banks including short term fixed deposits and calls on account earning $500,000 per year. Strong Leadership skills Innovative & adaptive Excellent communication skills Excellent analytical skills and problem-solving skills Strategic financial planning & budgeting Financial management & reporting Strong attention to detail Ability to work independently with minimum supervision Finance Manager, Achelis Uganda Ltd Mar 2017 - Dec 2019  Implemented stringent financial controls by conducting regular audits, ensuring compliance with regulatory requirements and adherence to company policies.  Mentored and developed staff in financial procedures, aligning their skills with job requirements and fostering professional growth.  Evaluated team performance and provided constructive feedback to promote continuous improvement. Proficient in MS Office, SAP, QuickBooks, AMBS Risk management Teamwork Supported the CEO and executive team in strategic planning, budgeting, developing financial products and risk management framework, recommendations to grow the loan portfolio to $40M in 2025. Excellent stakeholder engagement Business acumen Ability to work under pressure to meet deadlines LANGUAGES English  Partnered with cross-functional teams to contribute to strategic business planning and facilitate corporate growth initiatives.  Negotiated with vendors to secure favorable terms, achieving substantial cost savings for the organization.  Ensured the delivery of accurate and timely financial reports to support informed decision-making by management.  Secured sufficient funding facilities with banks for smooth running of company operations  Mitigated Forex losses through hedging solutions.  Administration role, managed service providers, supervised admin staff Swahili Financial Controller, The Cooper Motor Corporation (U) Ltd Jan 2012 – Feb 2017  Streamlined financial reporting processes to enhance accuracy and control mechanisms.  Managed the month-end close process, ensuring the timely delivery of precise financial statements for executive review.  Developed and oversaw budget planning, expenditure authorization, and accounting process monitoring.  Established and adjusted service rates in alignment with financial objectives.  Coordinated financial reporting procedures to maintain consistency and clarity in financial communication.  Built and sustained strong relationships with external auditors, ensuring efficient and effective annual audits.  Addressed auditor concerns promptly, demonstrating proactive problem-solving and communication skills. Mr. Jasper Ocang Audit Manager, Uganda Protestant Medical Bureau  Negotiated favourable credit terms with banks for increased borrowing capacity and reduced interest expenses. P: - E:- Senior Accountant, Toyota Uganda Ltd REFERENCES Mr. Roman Peter Kato Head Legal & Compliance, ASA Microfinance Uganda Ltd P: - - E:- Mr. Nicholas Atuhairwe Partner, Nicholas Atuhairwe & Co. Advocates P: - E:- Jan 2009 - Dec 2011  Prepared comprehensive monthly management accounts to support strategic decision-making.  Developed accurate financial statements in compliance with accounting principles.  Conducted meticulous monthly bank reconciliations to ensure financial integrity.  Managed cash flow effectively, overseeing foreign exchange transactions and asset management.  Supervised and provided leadership to accounts payable and treasury teams, enhancing productivity.  Coordinated with external auditors to facilitate efficient year-end closing processes.  Compiled and submitted financial reports to head office for consolidation purposes.  Acted as a key point of contact for external audits, ensuring compliance with regulatory standards. Senior Accountant, Makerere University July 2007 - Dec 2008  Managed daily financial operations for the faculty, ensuring efficiency and compliance with university standards.  Supervised a team of finance staff, providing leadership and fostering a collaborative work environment.  Developed and monitored annual budgets, identifying cost-saving opportunities and implementing financial controls.  Produced comprehensive final account statements for the faculty, reflecting accurate financial positions.  Administered payroll operations, maintaining accuracy and adherence to financial policies.  Oversaw inventory management, including the control of stores and safeguarding of faculty assets.  Coordinated procurement activities in conjunction with the University Procurement Unit, ensuring alignment with institutional procedures.  Prepared detailed financial reports and accountability documents for the NUFFIC Project, contributing to transparent donor relations. Accountant, Lonrho Motors Uganda Ltd July 2004 - Sep 2005  Managed daily accounting operations to ensure financial accuracy and integrity.  Prepared and recorded monthly journal entries, facilitating timely financial reporting.  Performed account reconciliations for cash, credit transactions, fixed assets, and accrued expenses.  Compiled financial data, prepared documentation, and executed book-closing procedures.  Conducted thorough reviews of expense reports, asset valuations, and net worth calculations.  Prepared accurate bank reconciliation statements to track and resolve discrepancies.  Conducted financial analysis to support business decision-making and fiscal management. EDUCATION  CPA (Certified Public Accountant), Institute of Certified Public Accountants of Uganda, Kampala, Uganda, Jan 2011 – Dec 2015.  MBA (Master of Business Administration), Wuhan University of Technology, Wuhan, China, Sep 2005 – June 2007.  BBA (Bachelor of Business Administration) - (First Class Honours), Makerere University, Kampala, Uganda, Aug 2001- July 2004.