Summary
Overview
Work History
Education
Skills
Websites
Accomplishments
References
Personal Information
Number Of Children
Computer Literacy
Hobbies and Interests
Languages
Certification
Affiliations
Timeline
Generic

KAZUNGO CHRISPIN PETULU

Lusaka

Summary

An enthusiastic, pro-active, diligent, results oriented, assertive, hands-on and versatile professional with a successful record of accomplishments, who is able to harness an organisation’s human, physical and financial resources in order to contribute to strategic objectives and meet stakeholder expectations. Chrispin is a holder of an MBA from ZCAS University, Fellow of the Association of Chartered Certified Accountants, Fellow of the Zambia Institute of Chartered Accountants, Investment Advisors and Stockbrokers Certificate and holder of Public Financial Management Certificate. He combines excellent organizational and planning skills with an analytical and interrogative mind and attention to detail. Chrispin also combines different interpersonal skills that are essential to working successfully in a changing, multi-cultural and professionally demanding environment.

Overview

24
24
years of professional experience
1
1
Certification

Work History

Director Finance

ZSIC Life Plc
Lusaka
12.2017 - 06.2023
  • Develop a sound, short and long term strategy for the timely generation and maximization of financial resources to meet the projected operating and capital expenditure required to fulfill overall short- and long-term Company's corporate objectives,
  • Liaise with the internal and external Auditors on matters of financial performance and compliance
  • Develop corporate budget guidelines for preparation of annual budgets
  • Coordinate and finalize Company's Budget, considering company's ability to generate financial resources and meet both statutory and non-statutory obligations,
  • Provide advice to the Managing Director and Management on financial implications of resource allocation and other business decisions,
  • Reviewing financial evaluation of proposed projects to ensure the Company's interests are protected
  • Evaluate financial performance against obligations, liabilities, earnings, projected income and the determined expenditure priorities, advising Management accordingly so as to effectively manage finances and maximize resource utilization
  • Prepare monthly performance reports, ensure reconciliation of daily and monthly cash flow statements and ensures posting of various cash and credit transactions and reconcile Company statements
  • Participate in the development of new products and assists management in identifying new funding opportunities
  • Establish a conducive financial management framework which facilitates operation of the Company on the basis of sound accounting systems so that its assets, liabilities, income and expenditure are adequately, accurately and timely recorded in books of accounts
  • Manage the Company's working capital through monitoring and control of the movement and application of its financial resources in light of competing demands so as to maximize financial returns to shareholders and advises the Chief Executive Officer accordingly,
  • Mobilize financial resources for the Company through negotiation of favorable credit facilities, contract terms and conditions as well as investment strategies of a short-, medium- and long-term nature so as to maximize availability of financial resources
  • Prepare and coordinate the timely and accurate production of financial reports by Branches, ensuring that they reflect their activities in a manner commensurate with relevant legislation, regulation and International Accounting Standards and Principles
  • Prepares and presents to the Board of Directors financial statements and reports for the Company reflecting all aspects of its business operations, opportunities and trends with recommendations
  • Coordinates and rationalizes the handling of financial matters of service providers and external accountants such as suppliers, auditors,consultants, brokers and financial institutions to ensure that transactions are according to procurement policy and procedures as well as Company policy,
  • Reviews project proposals submitted by Business Development Department and other departments and advises on the best financing options whilst overseeing the Company's investment portfolio in Liaison with the Treasury Manager
  • Defines standards, policies, procedures, and measures to meet the company's financial goals and ensures compliance with international financial reporting standards
  • Oversees the company's audit and leads the preparation and issuance of the company's annual reporting requirements
  • Provides strategic financial input and leadership to the company’s management and leadership to develop and implement strategic business plans and operating initiatives based on financial analyses
  • Appraises the company's financial position and advises on the company's financial stability, liquidity, growth and fiscal soundness
  • Develops a reliable cash flow projection process and reporting mechanism which includes minimum cash thresholds to meet operating needs
  • Evaluates finance and actuarial team members for continual improvement of the efficiency and effectiveness of the company as well as providing individuals with professional and personal growth
  • Efficiently oversee the planning and coordinating the procurement and supply process of goods and services as mandated by legislation
  • Assist the Managing Director with all Board engagements, preparations and presentations and is key liaison with the Company Secretary, company's shareholders, regulators and professional advisors such as Company’s fund managers, actuaries, auditors, and legal engagements such as contracts, litigation, and selection and retention of external legal counsel

Transitional Accountant

ZSIC Limited
Lusaka
05.2017 - 11.2017
  • Prepare monthly management accounts
  • Prepare quarterly reports
  • Prepare status reports on winding down of the company
  • Assets verification
  • Receivables and payables management
  • Payroll management
  • Preparation of board reports

Group Accountant

ZSIC Limited
Lusaka
01.2009 - 04.2017
  • Heading the finance department in the holding company
  • Cash flow and liquidity management
  • Cash flow forecast
  • Budget preparation and consolidation
  • Budgetary monitoring and control
  • Strategy and business planning
  • Review financial performance
  • Financial analysis and investment portfolio review
  • Business performance review
  • Variance analysis and reporting
  • Oversee the payroll processes
  • Sanction payments
  • Balance sheet management
  • Monitoring of investments and maturities of securities with treasury and investments department
  • Staff appraisal, skills gap identification and training
  • Liaise and maintain contact with bankers, investment managers, pension advisors and auditors
  • Plan and manage the company’s tax liabilities, evaluate the tax impact
  • Tax reporting
  • Plan, develop, introduce and manage financial systems to support the operations of the company in a most efficient and effective manner
  • Consolidation of group accounts and periodic (monthly and quarterly) management accounts Preparation of statutory accounts
  • Co-ordinate the statutory audit Preparation of various board papers for presentation to the board of directors and management Consolidation of statutory group accounts

Accountant

Life and Pensions - Zambia State Insurance Corporation Limited
Lusaka
10.2007 - 12.2008
  • Ensure effective functioning of Life, Group Life and Pensions Trust Fund accounting units
  • Reporting to Financial Accountant-Life & Pensions
  • To plan and coordinate receipts and payments work for Life, Group Life and Pensions Trust fund
  • Prepare and monitor schedules of all monthly interest income for Pensions Trust Fund
  • To ensure timely accrual of all expenses and income relating to Individual Life, Group Life and Pensions Trust Fund
  • Monthly Bank Reconciliations
  • Supervise preparation and remittance of tax obligations by the due dates for the three portfolios Life, Group Life and Pensions premium reconciliation with underwriting departments
  • Imprest management
  • Treasury Back-office operations (i.e
  • Execution of investments and accounting for treasury investment portfolios and returns)

Acting Principal Accountant

Ministry of Finance and National Planning-PACU-Ndola
Ndola
10.2006 - 10.2007
  • Responsible for initiating budget processes and financial management for reporting purposes to Chief Accountant
  • Ensure timely preparation of parliamentary briefs
  • Initiate and prepare supplementary budgets
  • Ensuring adherence to accounting procedures and controls
  • Co-ordination of internal control reviews with internal audit unit
  • Responsible for organisational budget preparation and consolidation
  • Supervision of staff (senior accountant, accountants, assistant accountants and accounts assistants)
  • Initiating and approving payments
  • Strategy formulation, implementation and review
  • Preparation of budget briefs Following up VAT refunds with Ministry of Finance and National Planning

Senior Accountant

Ministry of Finance and National Planning-PACU-Ndola
Ndola
06.2005 - 09.2006
  • Responsible for co-ordinating daily operations and report to Chief Accountant and/ Principal Accountant
  • Supervision of staff (accountants, assistant accountants and accounts assistants)
  • In charge of initiating staff performance appraisals and the assessment of training needs
  • Liaise purchasing, tendering and supplier negotiations with procurement unit
  • Responsible for co-ordinating effective recording and control of transactions
  • Responsible for co-ordinating audit query responses with external auditors
  • Review payment mechanisms
  • Setting performance targets for all sections in the unit
  • Designing report formats Prepare for and co-ordinate the statutory audit process
  • Appraising financial data for preparation of financial statements Inspection and monitoring of non-tax revenue

Accountant

Ministry of Finance and National Planning-PACU-Ndola
Ndola
01.2005 - 05.2005
  • Budget preparation and compilation
  • Monthly expenditure returns preparation and compilation
  • Preparation and presentation of management reports
  • Compilation of outstanding bills (creditors)
  • Compilation of quarterly departmental funding profiles for submission to MOFNP
  • Maintenance and monitoring of bank accounts
  • Overseeing data input and operations of the Commitment Control System(CCS)
  • Variance analysis and variance reports
  • Disbursing donor funds and prepare returns
  • Checking and verification of tax invoices for VAT returns input

Accounts Assistant

Ministry of Finance and National Planning-PACU-Ndola
Ndola
12.1999 - 12.2004
  • Monthly financial data capture
  • Preparation and output of monthly financial reports
  • Reconciliation of bank accounts

Education

MBA - Management And Business Administration

ZCAS University
Lusaka Zambia
09-2022

Some College (No Degree) - INVESTMENT ADVISORY AND STOCK BROKERS CERTIFICATE

ZAMBIA INSURANCE BUSINESS COLLEGE TRUST(ZIBCT)
LUSAKA
06-2013

Some College (No Degree) - PUBLIC FINANCIAL MANAGEMENT

UNIVERSITY OF PRETORIA
PRETORIA SOUTH AFRICA
06-2006

ACCA - Professional Accountancy And Finance

ZCAS (Zambia Centre For Accountancy Studies)
Lusaka Zambia
12-2004

NATIONAL ACCOUNTING TECHNICIAN CERTIFICATION - Accounting Technician

SELF STUDY
NDOLA
06-2003

CABS - CERTIFICATE IN ACCOUNTS AND BUSINESS STUDIES

KABWE TRADES TRAINING INSTITUTE
KABWE ZAMBIA
12-1998

SCHOOL CERTIFICATE -

KAOMA SECONDARY SCHOOL
KAOMA ZAMBIA
12-1993

Skills

  • Corporate finance
  • Organisational budget guidelines formulation, budget preparation and consolidation
  • Public financial management
  • Investment portfolio management
  • Projecting cash profiles to match programme and activity execution
  • Analysis of financial profiles to provide an overview of an organisation
  • Asset and liability matching
  • Business performance analysis and review
  • Cost structure review and restructuring
  • Working capital management
  • Ensuring adherence to budget limits through budget controls
  • IT literate with experience of devising and implementing spread sheet modelling (financial modelling)
  • Sound and practical knowledge of International Accounting Standards and International Financial Reporting Standards (IASs & IFRSs)
  • Sound and practical knowledge of International Public Sector Accounting Standards (IPSAS)
  • Resource mobilisation
  • Procurement and administration management
  • Sound and practical knowledge of treasury management
  • Sound and practical knowledge of pension fund management and administration
  • Practical knowledge of Life Insurance business
  • Sound knowledge of procurement procedures and processes
  • Knowledge of corporate governance
  • Capable of producing written and verbal presentations to the board, management and budget committees
  • Orienting team members to new systems
  • Strategy formulation and implementation
  • Project management
  • Work plan formulation, monitoring and evaluation
  • Reviewing banking relationships and banking arrangements bids
  • Systems development (accounting and finance procedures systems)
  • Liquidity management
  • Tax computation, reporting and planning
  • Fixed Assets Register development and Management
  • Financial and investment analysis
  • Financial and accounting policies formulation and review
  • Internal controls formulation and review
  • Group accounts consolidation, year-end financial accounts, periodic management accounts
  • Building business networks or relationships for business growth
  • Risk management
  • Business Forecasting
  • KPI Tracking
  • Regulatory Compliance
  • Risk Management
  • Financial Planning
  • Risk Mitigation
  • Organizational Skills
  • Strategic Planning
  • Budget Planning
  • Compliance Monitoring
  • Reporting

Accomplishments

  • Past Board member on the David Livingstone Safari Lodge and Spar
  • Member of the TEVETA Finance and Administration Board Committee
  • Chairing the Management Listing Steering Committee to prepare and take the company to listing on the stock exchange
  • Chairing the IFRS 17 Implementation Committee
  • Member of the company Procurement Committee
  • Management delegation leader for Union Management engagements
  • Managed to conclude the audit and prepare financial report for the year within the statutory reporting period for the first time in the history of ZSIC Life company
  • Concluded the year budgets before the beginning of the following year, which was unheard of in the history of ZSIC Life Plc
  • Successfully negotiated change of retirement benefits from the onerous ZIMCO conditions of service to a more cost-effective option
  • Successfully managed the transition period for the winding down of the holding company
  • Regularly acting as Managing Director when the Managing Director proceeds on annual leave or is absent from office
  • Annually acted as Group Director of Finance and Investments when Group Director Finance and Investments proceeds on annual leave
  • Member of a senior departmental management team, with responsibility of identify training needs
  • Supervised over 30 departmental staff
  • Designed and implemented spread sheet model for expenditure returns
  • Restructured bank overdraft facility into a medium-term loan
  • Restructured the cost of staff retirement benefits
  • Part of a team to review company revenue recognition policy
  • Part of a team to restructure company balance sheet
  • Negotiated payment plans for statutory obligations
  • Team member for development of company’s strategic business plan (SBP)
  • Involved in the successful implementation of new budgeting and accounting systems
  • Member of the provincial tender evaluation committee
  • Member of the team accompanying Provincial Minister and Controlling Officer to Parliament for provincial budget deliberations and debate
  • Departmental strategy formulation and implementation
  • Member of the MTEF budget committee
  • Part of a team to review and implement new Sun System and company chart of accounts on formation of group of companies
  • Drafted company procedures and accounting policies manual
  • Reviewed and redesigned the company management accounts reports
  • Reviewed and redesigned the pension fund management accounts reports
  • Member of the PSCAP Project team on Revenue Monitoring
  • Reviewed payroll bank submission and payment system from manual to electronic
  • Spearheaded implementation of system Fixed Assets Register (FAR)
  • Part of a team to review company revenue recognition policy
  • Part of a team to restructure company balance sheet
  • Negotiated payment plans for statutory obligations
  • Team member for development of company’s strategic business plan (SBP)
  • Involved in the successful implementation of new budgeting and accounting systems
  • Member of the provincial tender evaluation committee
  • Member of the team accompanying Provincial Minister and Controlling Officer to Parliament for provincial budget deliberations and debate
  • Departmental strategy formulation and implementation
  • Member of the MTEF budget committee
  • Part of a team to review and implement new Sun System and company chart of accounts on formation of group of companies
  • Drafted company procedures and accounting policies manual
  • Reviewed and redesigned the company management accounts reports
  • Reviewed and redesigned the pension fund management accounts reports
  • Member of the PSCAP Project team on Revenue Monitoring
  • Reviewed payroll bank submission and payment system from manual to electronic
  • Spearheaded implementation of system Fixed Assets Register (FAR)

References

  • Mr. Joshua Malupenga, CFO- Zamtel, +260-0977 799124, joshmalu77@gmail.com
  • Ms. Christabel M. Banda, Chief Executive Officer – Bestlife Insurance, +260-0977 275760, christabelmichel@gmail.com
  • Mr Daniel K. Kalebaila, Assistant Director- HRD, Public Service Management Division Department of Human Resource Development, P.O. Box 30208, Lusaka, +260-0977-825312

Personal Information

  • Place of Birth: Kaoma
  • Date of Birth: 05/09/73
  • Gender: Male
  • Nationality: Zambian
  • Marital Status: Married

Number Of Children

3

Computer Literacy

Conversant with Microsoft Word, Excel, Access and PowerPoint. Also able to operate FMS (Financial Management Systems), CCS (Commitment Control System), Sun System and Premia

Hobbies and Interests

Reading, professional networking, traveling, sightseeing, adventure, playing volleyball, reading and listening to business matters

Languages

Fluent in English and ten (10) Zambian languages

Certification

  • Fellow of ACCA
  • Fellow of ZICA

Affiliations

  • Professional networking
  • Sight seeing
  • Adventures
  • Playing volleyball
  • Watching business news and documentaries

Timeline

Director Finance

ZSIC Life Plc
12.2017 - 06.2023

Transitional Accountant

ZSIC Limited
05.2017 - 11.2017

Group Accountant

ZSIC Limited
01.2009 - 04.2017

Accountant

Life and Pensions - Zambia State Insurance Corporation Limited
10.2007 - 12.2008

Acting Principal Accountant

Ministry of Finance and National Planning-PACU-Ndola
10.2006 - 10.2007

Senior Accountant

Ministry of Finance and National Planning-PACU-Ndola
06.2005 - 09.2006

Accountant

Ministry of Finance and National Planning-PACU-Ndola
01.2005 - 05.2005

Accounts Assistant

Ministry of Finance and National Planning-PACU-Ndola
12.1999 - 12.2004

MBA - Management And Business Administration

ZCAS University

Some College (No Degree) - INVESTMENT ADVISORY AND STOCK BROKERS CERTIFICATE

ZAMBIA INSURANCE BUSINESS COLLEGE TRUST(ZIBCT)

Some College (No Degree) - PUBLIC FINANCIAL MANAGEMENT

UNIVERSITY OF PRETORIA

ACCA - Professional Accountancy And Finance

ZCAS (Zambia Centre For Accountancy Studies)

NATIONAL ACCOUNTING TECHNICIAN CERTIFICATION - Accounting Technician

SELF STUDY

CABS - CERTIFICATE IN ACCOUNTS AND BUSINESS STUDIES

KABWE TRADES TRAINING INSTITUTE

SCHOOL CERTIFICATE -

KAOMA SECONDARY SCHOOL
KAZUNGO CHRISPIN PETULU