BETTY MWITI
Nairobi,30
Summary
I am a dedicated and results-driven Finance Manager with over 5 of extensive experience in financial management and accounting. Adept at overseeing a wide range of financial functions, including taxation, financial statements, statutory reporting, and monthly reporting. Proven track record in cash flow management, budgeting, and transfer pricing, driving strategic financial decision-making. Skilled in bank reconciliation, internal audit, and external audit processes, ensuring compliance with regulatory standards and internal policies. Proficient in inventory control, fixed asset schedules, and the development of robust internal control policies to safeguard company assets and mitigate risks. Experienced in utilizing Sage accounting software to streamline financial operations and enhance reporting efficiency. A collaborative leader with a strong focus on optimizing financial performance and driving organizational growth."
Overview
5
5
years of professional experience
1
1
Certification
Work History
Accounts/Finance Manager
Better Globe Forestry
03.2020 - Current
- Through implementation of streamlined procedures, attained a remarkable 95% reduction in accounting errors through timely and accurate recording of transactions, account and bank and reconciliations of financial transactions across all departments
- Successfully managed tax compliance and statutory deductions, ensuring the company adherence to all relevant regulations and deadlines at all times.
- Managed multimillion-shillings budgets, ensuring accurate allocation across departments as well as implemented budget tracking mechanisms to monitor expenses and identify variances. Through effective budget management, achieved cost saving enhancement throughout the years.
- Developed and implemented strategies such as daily cash management and limited Cash on Delivery payments that optimized the company's cash flow and minimized risks that cut the operational costs of the company by over 50% in one year.
- Successfully advised on transfer pricing implications for intercompany transactions thus optimized tax liabilities of the company.
- Streamlined the financial reporting process, ensured accuracy and compliance with accounting standards in financial statements. and received commendation from regulators and auditors for the quality and transparency of financial reporting reducing reporting time by 25%.
- Collaborated effectively with external auditors and implemented recommendations from audits to strengthen internal controls and processes. This resulted in correct and complete final statements, timely and smooth audit processes completed within the company's timeline.
- Developed fixed asset schedules and conducted regular audits to ensure accuracy and compliance. Introduced and implemented an asset management sage module that maintained an updated company asset register at all times.
- Processed and submitted the statutory deductions of the company such as NHIF, NSSF, PAYE Housing levy deductions and VAT within the set deadlines, ensuring compliance with relevant tax laws and regulations
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations. This resulted to all accounts, banks and credit cards were always reviewed and correct all the time.
- Developed customized monthly reports and identified cost-saving opportunities through variance analysis and trend identification that provided actionable insights and improved management decision-making on the overall position of the company.
- Led a comprehensive review of internal controls across departments, identifying vulnerabilities and areas for improvement. Implemented a structured audit schedule, conducting regular audits to ensure compliance with regulatory requirements and company policies. Through proactive measures, mitigated risks of fraud and errors, resulting in a 20% reduction in instances of non-compliance. Received commendation from senior management for the enhanced transparency and reliability of financial reporting, strengthening investor confidence and regulatory compliance
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance by the company.
Accounts Assistant
Better Globe Forestry
01.2020 - 03.2020
- Maintained and organized filing system for easy access to financial documents, improving overall efficiency of the accounts department.
- Maintained books of accounts by keeping accounts payable and accounts receivable records up-to-date. This ensured that payables were always paid on time according to the ageing period, enhanced cash flow management and also bolstered the company's reputation for financial reliability.
- Strengthened financial operations by conducting bank reconciliations and financial reporting for the company, promptly identifying and resolving discrepancies, resulting in a 30% reduction in outstanding items.
- Generated invoices upon receipt of billing information and tracked collection progress, contributing to overall financial stability and profitability
- Matched purchase orders with invoices and recorded necessary information, resulting in a 25% reduction in discrepancies and invoice processing time
- Safeguarded company assets through diligent monitoring of expenses, enforcing compliance with internal controls, conducted regular audits and reviews of expense reports, identifying discrepancies and instances of non-compliance. Developed and enforced policies to strengthen controls over expense approval and reimbursement processes, resulting in a 15% reduction in unauthorized expenditures.
Accountant
Raydan Amusement LTD
01.2019 - 12.2019
- Enhanced employee satisfaction by providing timely reimbursements, resulting in improved morale and productivity.
- Negotiated favorable payment terms with vendors, improving cash flow and vendor relationships.
- Implemented efficient customer payment processing systems, reducing payment processing time by 25%.
- Developed a systematic receipts recording process, ensuring all revenue streams were accurately recorded and errors were reduced significantly.
- Enhanced accuracy and reliability of financial data by reconciling accounts daily.
- Strengthened banking relationships through proactive communication and efficient banking transactions processing.
Education
Master of Science - Finance
University of Nairobi
Nairobi, Kenya12.2022
Bachelor of Science - Economics And Finance
Machakos University
Kenya11.2018
Skills
- Accounting management
- IFRS Knowledge
- Risk Analysis
- Budget Forecasting
- Asset Protection
- Working capital management
- Cash Flow Management
- Problem-solving aptitude
- Financial analysis and reporting
- Certified Public Accountant (CPA)
- Problem-Solving
- Revenue Generation
- Organizational Skills
- Cash handling expertise
- Risk Management
- Quality Assurance
- Teamwork and Collaboration
- Written Communication
- Effective Communication
- Team Collaboration
- Critical Thinking
- Adaptability
Certification
- CPA - Certified Public Accountant (k)
- Certificate of Training in Strategic Leadership and Management Skills
- Certificate in Computerized Accounting- Covering; Quickbooks & Sage
Languages
Swahili
Native language
English
Proficient
C2
Timeline
Accounts/Finance Manager
Better Globe Forestry
03.2020 - Current
Accounts Assistant
Better Globe Forestry
01.2020 - 03.2020
Accountant
Raydan Amusement LTD
01.2019 - 12.2019
Master of Science - Finance
University of Nairobi
Bachelor of Science - Economics And Finance
Machakos University
- CPA - Certified Public Accountant (k)
- Certificate of Training in Strategic Leadership and Management Skills
- Certificate in Computerized Accounting- Covering; Quickbooks & Sage
Similar Profiles
Betty Kawira MwitiBetty Kawira Mwiti
Accountant at Better Globe ForestryAccountant at Better Globe Forestry
Samuel OlowoSamuel Olowo
Logistics-assistant at Better Globe ForestryLogistics-assistant at Better Globe Forestry
SAMUEL NAKHAYO NAKHONESAMUEL NAKHAYO NAKHONE
Executive Director Forestry at Better Globe Forestry LimitedExecutive Director Forestry at Better Globe Forestry Limited