Summary
Overview
Work History
Education
Skills
Professionalcourses
Certification
Timeline
Generic
ISAIAH MUTUMA

ISAIAH MUTUMA

Head Of Finance
Nairobi, Nairobi Province

Summary

I am an accomplished professional and an initiative driven finance leader with a proven track record of performance, turnaround, and effective management of finance, operations, and administration departments in a cross section of industries. I bring extensive leadership experience in setting up departments, developing financial strategies that align with company objectives, overseeing budget and forecasting, timely and accurate financial reporting, cashflow and working capital management, risk management, legal and tax compliance in East and Southern Africa markets I pride myself in being a challenging and versatile leader who builds effective teams, creates holistic working environment to enable development of people that I serve and work with. I am highly capable change- agent who consistently refines and revitalizes strategies, initiates change and facilitates solutions-driven team collaboration. I bring a wealth of experience in leadership, strategy formulation and execution, commercial and financial analysis, Management Information Systems, company, contract development, strategy design, partnerships, resource mobilization and legal compliance. I am proficient in leading and managing cross cultural teams and managing multiple projects. Within 2years of joining mPharma, I have grown from being the country Finance manager for Kenya to head the Finance function in East Africa and eventually East and Southern Africa. I have instituted a robust pre investment model that that allows the company to identify and recruit high value pharmacies to partner with in the franchising arm, led acquisition of Inkamed Pharmaceuticals by mPharma Africa BV as well as structuring a hybrid acquisition for independently owned pharmacies and streamlined their operational, financial and administrative reporting to the parent organization. Previously, at Light a life group where I was a CFO, I initiated a Business process reengineering where the company was able to increase its efficiency by over 40% within a period of 6 months, positively affecting the Cost of production and eventually improving the bottom line and was instrumental in setting financial management systems for Bonito Properties Limited, Novastar Ventures, and Light a life Group of companies, HR and procurement policies and procedures. I have also recruited senior finance team members and reorganized the finance department to a highly motivated and high-performance team. I have led systems integration between our internal reporting tools with Business central, efficiently improving the reliability of the reports. Aside from this, I am an entrepreneur with a keen interest in the tech space, acutely aware of the role of technology in democratizing products and services which traditionally are accessible to few at an unnecessarily prohibitive costs. I am a great communicator who values work ethic and integrity. I am an invaluable asset to the institution having worked with diverse companies in both the finance and operational environments

Overview

15
15
years of professional experience
2016
2016
years of post-secondary education
1
1
Certification
2
2
Languages

Work History

Head of Finance – East and Southern Africa Markets

Mpharma Africa BV
11.2023 - Current
  • Company Overview: Mpharma Africa BV is a Pan-Africa Health services provider with operation in 9 African Countries
  • As the regional Head of Finance, I oversee the Finance organization for Mpharma in Kenya, Uganda, Rwanda, Zambia, and Malawi which entails Strategy and planning
  • I oversee operationalization of Group’s strategy in the region creating yearly quarterly, and monthly financial objectives that align with the group’s strategic direction
  • Participate in the Group’s pivotal decision-making forums offering in-country insight to the Group CFO
  • Managing the reporting across the Mpharma’s subsidiaries in the region to ensure that the management and financial reports represent the actual operational and financial position of the Kenya’s operations
  • Collaborate with the global colleagues to deliver on shared global roles that are in line with the finance BAUs
  • Recruit, mentor, and appraise the regional finance team members to deliver the finance mandate to the Group
  • Managing External stakeholders such as external auditors, Regulatory authorities such as tax authorities and regulation bodies
  • Prepare and manage the in-country board meetings with quarterly reports as well and the board pack for all subsidiaries
  • Manage the in country Operational Expenses and Capital Expenses budget for Kenya
  • Lead in investment appraisal for new Business Units and identify the Financial Viability of such ventures to advise on budget allocation and subsequent evaluation of performance
  • Participate in the global finance leadership Knowledge sharing forum which aims at aligning the countries on all Mpharma operations and harnessing the synergy of working with the rest of the countries
  • Mpharma Africa BV is a Pan-Africa Health services provider with operation in 9 African Countries

Co-founder and Director

Akel Cabs & Lifta Kenya Limited
01.2016 - Current

Head of Finance – East Africa Markets

Mpharma Africa BV
05.2023 - 10.2023
  • As the Head of Finance for East Africa, I oversaw the finance function in Kenya, Uganda and Rwanda which entailed Incorporating Uganda’s finance function into the mPharma structure and recruited a country finance lead to head the in country finance team
  • Overseeing the region’s Financial Management and Budgeting, statutory reporting
  • Integrating the country’s financial reporting into Business Central and Group’s google suite tools
  • Future proofing and introducing franchise pharmacy model into the Uganda market
  • Restructured Rwanda’s ops to streamline tax compliance and minimize regulatory risks within the market

Country Head of Finance – Kenya

Mpharma Africa BV
01.2022 - 04.2023
  • As the Head of Finance for Kenya, I oversaw a streamlining of finance function that resulted into Timely preparation of management and Financial reports
  • Well managed treasury that involved efficient allocation of working capital by managing cash inflows and outflows
  • Expanded business revenue through acquisition of new subsidiaries for mPharma Africa BV as well as new store that grew the market’s revenue by more than 150%
  • A well structured finance and admin team that works collaboratively with the rest of the business units to achieve business objectives

Chief Finance Officer

Light a life Group of Companies
01.2020 - 12.2021
  • In charge of operationalizing financial systems for a group of 4 Companies in the Manufacturing, construction, Real estate agency, and Microfinance
  • Ensuring timely, complete, and correct production, sales and financial reports to both internal and external stakeholders
  • I offer support in administration, financial management, compliance to policies & procedures, regulations and the statutory requirements
  • I manage both the company and group budgets, contracts, trainings and compliance
  • In charge of budget and work planning, development, monitoring and evaluation, connection to required technologies and databases, review of budgets for required modifications during implementation
  • Oversaw development of contracts with suppliers, partners, and consultants
  • Facilitated accurate preparation and timely submission of monthly, quarterly, half yearly and yearly project progress and financial
  • Successfully established and operationalized three of the four companies in the group; Light a life Agency limited, Jijenge Quarry and Construction Limited, and Jijenge precast company Limited
  • Within 6 months, I restructured the finance departments for the construction, quarry, and precast manufacturing companies, and real estate Agency and streamlined the financial reporting procedures
  • I established strong internal controls for the companies and developed predictive models which formed a basis of future operational and strategic planning for the companies
  • Established the operations of finance department and managed the process of legal and tax compliance for the three companies, and successfully oversaw the external audit
  • This resulted in not only tax compliance but also tax efficiency in operations
  • From the restructuring of the finance and productions departments, the assets utilization has improved efficiency by over 40% in a period of 6 months, setting stage for a proper objective evaluation of production performance
  • In the same period, production output has increased by more than 150%
  • The real estate Agency has for the first time since inception returned over 30% net margin up from 10% without increasing sales
  • I have been involved in new ventures investments decisions and investments appraisal, birthing another business line in the group
  • I Participated in the design and enhancement of financial systems for heightened internal controls, review and formulation of policies on Finance, HR and procurement
  • I ensured statutory compliance including having all required returns filed on time with the relevant statutory bodies and keeping abreast with all changes in the law

Senior Accountant

Novastar Ventures
01.2014 - 12.2016

Senior Accountant

Bonito Properties Limited
01.2012 - 08.2014

Finance Manager

Bonito Properties Limited
01.2012 - 12.2013

Accountant

Web Engineering Limited & Everest Limited
01.2010 - 12.2011

Accountant

Web Engineering Limited
01.2010 - 12.2011

Education

Master of Science (MSc) - Finance and Investments

University of Nairobi

Bachelor of Commerce - Finance

University of Nairobi

Skills

Finance Management

Professionalcourses

  • Certified Public Accountant (CPA), Kasneb, 2015
  • Diplome de la Langue, Alliance Française de Nairobi, French Diploma with business proficiency in both written and spoken.

Certification

CPA

Timeline

Head of Finance – East and Southern Africa Markets

Mpharma Africa BV
11.2023 - Current

Head of Finance – East Africa Markets

Mpharma Africa BV
05.2023 - 10.2023

Country Head of Finance – Kenya

Mpharma Africa BV
01.2022 - 04.2023

Chief Finance Officer

Light a life Group of Companies
01.2020 - 12.2021

Co-founder and Director

Akel Cabs & Lifta Kenya Limited
01.2016 - Current

CPA

06-2015

Senior Accountant

Novastar Ventures
01.2014 - 12.2016

Senior Accountant

Bonito Properties Limited
01.2012 - 08.2014

Finance Manager

Bonito Properties Limited
01.2012 - 12.2013

Accountant

Web Engineering Limited & Everest Limited
01.2010 - 12.2011

Accountant

Web Engineering Limited
01.2010 - 12.2011

Bachelor of Commerce - Finance

University of Nairobi

Master of Science (MSc) - Finance and Investments

University of Nairobi
ISAIAH MUTUMAHead Of Finance