Bonthenius Muteheli
Senior Accountant
NAIROBI,Kenya
Summary
Bonthenius Muteheli possess in-depth knowledge and capabilities to be able to execute assignments whilst bringing systematic approach to examine and evaluate the adequacy, effectiveness and efficiency of company's risk management processes, internal control systems and recommend corrective actions to improve efficiency and reduce operational costs where possible.
Bonthenius is finance professional prepared for all aspects of management accounting. Proven ability to streamline financial processes and improve accuracy in reporting. Prioritize collaboration and adaptability to meet team goals and evolving business needs. Excel in financial analysis and strategic decision-making.
Overview
15
15
years of professional experience
12
12
years of post-secondary education
Work History
Senior Accountant
Triplus Petroleum Limited
05.2024 - Current
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Updated general ledger with latest entries.
- Completed year-end closing processes with controllers and external auditors.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.
- Improved cash flow management by implementing stricter credit policies.
- Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
- Reduced errors in financial statements through stringent review procedures and regular reconciliation of accounts.
- Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.
- Coordinated with various departments to gather financial data, ensuring accurate representation of each business unit''s performance.
- Contributed to hiring, training and development of accounting teams.
- Maintained accurate depreciation schedules for fixed assets, coordinating with asset managers for timely recording of acquisitions or disposals.
- Successfully managed multiple high-stakes projects concurrently, consistently meeting deadlines while maintaining exceptional attention to detail and quality control.
- Established strong relationships with vendors to negotiate favorable payment terms that improved working capital management.
- Streamlined financial reporting with new accounting software and automated tasks.
- Spearheaded a team of junior accountants, providing mentorship and guidance to improve efficiency and accuracy in their work.
- Assisted team members in transitioning to new system through extensive training and one-on-one support.
- Strengthened internal controls by reviewing processes, identifying gaps, and proposing improvements to safeguard against fraud or mismanagement of funds.
- Ensured regulatory compliance with GAAP standards by staying current on updates and integrating changes into accounting practices as needed.
- Conducted monthly reconciliations for all bank accounts to ensure financial integrity.
- Supported company expansion efforts by conducting financial assessments of potential mergers and acquisitions.
- Optimized cash flow management, carefully scheduling outgoing payments to coincide with receivable cycles.
- Streamlined tax preparation process, ensuring timely and accurate submission of all tax documents.
- Enhanced compliance with tax regulations by meticulously updating and maintaining tax records.
- Improved stakeholder satisfaction by delivering customized financial reports tailored to specific departmental needs.
- Reduced month-end closing time, meticulously organizing and reviewing ledger entries for consistency.
- Contributed to policy development, recommending changes to improve financial procedures and controls.
- Led successful migration of financial records to new accounting platform, ensuring seamless transition.
- Prepared working papers, reports and supporting documentation for audit findings.
- Tracked funds, prepared deposits and reconciled accounts.
- Developed financial models to assess and analyze financial performance of clients.
- Calculate cost build up for fuel products for import and export of PMS and AGO.
Audit Manager
Davella LLP
10.2018 - 05.2024
- Bonthenius has served as an Audit senior before being promoted to Audit manager at Davella Llp
- Previously he worked at Avenue tax and audit associates, he has been able to deliver effectively on all assignments both long-term and short term
- He is currently the team lead to the audit team at Davella Llp, Supervises Audit Seniors and associates, assigns and reviews their work, gives feedback and guidance to the team and reports to the Partners on all assignments
- Both internal audit assignments and external audits
- Among the organizations Bonthenius has been the team lead in audits and capacity building on financial system use, include but not limited to: Fortitude Sacco-Mbita, Fortune SACCO - Kerugoya County, Taqwa Sacco, Nairobi Consumer SACCO, Sauti SACCO Society, Ilkisonko SACCO Society - Loitoktok, Skyline SACCO Society - Eldamaravine and Bands SACCO - Britam
- Other businesses include; Kingdom Palace Church, Crystal Perk Limited, Amarion Health Foods Company, Landmark Hotel Isiolo, Isiolo Mwangaza Company, Terre Des Hommes (TDH) and Mumbi Coffee Merchant Limited NSI Technology Company and Daughters of St
- Paul's
- Key achievements for the above organizations;
- Planned and conducted risk-based audits
- Developed audit programs and testing procedures relevant to risk and audit objectives
- Carried out In-depth understanding of business processes and identified key process of risks and related internal controls
- Monitored and evaluated key processes as appropriately identified in the risk assessment during the audit assignments
- Identified internal controls issues for key risk processes in a timely manner to proactively avert future losses
- Ensured successful completion of assigned/planned audit engagements, from start to finish, inclusive of preplanning, fieldwork and wrap up activities
- Performed audit procedures to verify the implementation and effectiveness of controls through testing and interacting with the relevant company staff
- Discuss audit findings and recommendations with General Manager and departmental heads
- Identified and communicated control issues noted, offering practical solutions relevant to business and related risks
- Prepared and submitted timely and quality audit reports
- Engaged in meetings with management and departmental heads and advised on areas of improvements
- Constantly monitor if the audit recommendations have been implemented by the management by way of follow- up and report on any gaps observed
- Coordinated the documentation and revision of standard operating procedures (SOP) with key emphasis on adequacy of controls
- Carried out spot checks on keys areas such as cash count, IOUs, trade debtors, physical stock etc
- Assessed, evaluate and advised management on how to achieve statutory/ legal compliance
- Ensured relevant tax obligations have been computed and remitted appropriately within the stipulated deadlines
- Conducted ad-hoc/ special investigations and reviews as requested by management/ BOD
- Managed audit files and ensured proper filing of working papers
- Updated the Internal Audit Manager or Director on execution and progress on assigned tasks and any arising significant internal control issues
- Managed a team of auditors, ensuring accurate and timely completion of audit projects.
- Provided valuable insights to senior management on potential business risks identified during audits.
- Consistently met deadlines for audit reports, helping maintain company reputation for reliability and professionalism.
- Implemented risk-based auditing strategies, resulting in better identification of potential issues.
- Conducted regular training sessions for audit staff, increasing their knowledge and skillset in the field.
- Evaluated effectiveness of internal controls by testing key controls across various business units within the organization.
- Mentored junior auditors, aiding in their professional development and fostering a positive work environment.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings.
Accountant
Mwangaza Investment Company Limited
11.2015 - 09.2018
- Ensuring investors' statement requests are promptly processed
- Processing of payments
- Prepare audit files during audits and being liaison/point person for audit queries
- Review documents completeness and accuracy
- Ensure approvals are made before initiating payments
- Review and process transactions in the ERP system
- Controlling all company cash transactions
- Preparing monthly and quarterly economic performance report for the company
- Preparing Company final accounts including cash flow statement and branch accounts
- Preparing the Annual budget in consultation with the department heads
- Prepare all statutory reports of the company including Tax administration
- Ensure all statutory reports have been paid on time
- Compiling daily financial transactions and summarizing all the work done in other sections
- Preparing bank reconciliations
- Recording of accounts transactions from source documents
- Counter-checking approvals and booking the same on relevant documents
- Ensuring that refund of erroneous deductions is properly computed
- Reconciling the by-products against the cheques or credits received
- Ensuring accounts are properly updated and assessing any defaulting of payments
- Ensuring investors' statement requests are promptly processed
- Reconciling by-products with system generated reports
- Posting of investors transactions as per the checkoffs
- Reconciling investors' statements
- Updating general ledger
- Attending to investors queries relating to accounts and ensure safe custody of all investors' records
- Receipts and posts standing orders for deductions and contributions
- Reconciling customers and investors statement
Program Accountant
HOPE worldwide Kenya
10.2012 - 10.2015
- Served as the program accountant for USG funded programs Including Global Fund, CDC & USAID, at that time programs in the organization with funding of US$ 1.7 million p.a
- Among other smaller programs
- Key Achievements
- Preparing monthly finance reports and donor reports including budget vs actual analyses; tracking expenditure against budget and informing the relevant parties
- Consistently meeting donor monthly reporting deadlines including those programs with tight deadlines of the 5th of the following month
- Setting up the financial systems in HWWK site offices and training the finance assistants; undertaking regular field visits, reviewing documents at the sites and proposing recommendations to improve systems
- Minimized Cash handling by staff by being instrumental in the roll-out and daily use of HWWK online banking and MPESA platforms, now widely used in the organization
- Preparing & execution of annual budgets Helped organization to utilize resources efficiently and cost effectively; interacting with relevant staff and donors in this exercise
- Key Result areas
- Financial Planning and Budgeting
- Sound understanding& monitoring of annual budget and advise management on key action points
- Ensuring accurate and timely journal entries and posting to general ledger accounts and cost centers in QuickBooks
- Assist in Preparation of monthly and annual budgets
- Preparing annual program budgets; interacting with relevant staff and donors in this exercise
- Internal Control System
- Refining the financial systems of the Organization
- Identifying any gaps in the internal control environment and recommending corrective action
- Donor Reporting and Compliance
- Preparation of timely Monthly Financial accounts & dissemination of the same to relevant stakeholders by the 10th of every month
- Compilation of Quarterly, Bi-annual and Annual Program Accounts as per Donor requirements
- Ensuring compliance with donor policies
- Management of Partner Organizations
- Assessing new grantees and monitoring the financial aspects of sub grants to ensure compliance with relevant organizational and donor requirements
- Ensure advances to project partners are accounted on time
- Personnel
- To be responsible for Supervising and mentoring of 2 finance assistants and appraising their performance on an annual basis
Finance Assistant
HOPE worldwide Kenya
12.2009 - 09.2012
- This position involved working closely with the program accountant in carrying out the following roles:
- Processing supplier payments
- Assisted in preparation of part time staff payroll
- Filing and organizing finance support documents
- Checking and verifying accuracy and correctness of receipts and support documents
Education
Bachelor of Business Management and Admin - finance option
St. Paul's University
01.2015 - 01.2019
Certified Public Accountant CPA (K) - undefined
KASNEB (Vision Institute for professional Studies)
01.2006 - 01.2011
Kenya Certificate of Secondary School Education - undefined
Ingotse Boys High School
01.2001 - 01.2004
Skills
- Ability to work with minimum supervision
- Good communication skills
- Team player
- Interpersonal skills
- ERP- ICPAK Audit software
- QuickBooks Accounting software
Tax computation and Management
- Internal Controls
- Budgeting
- Financial planning
Financial reporting
Accounts receivable management
Payroll processing
ERP accounting software - Navision
Keyqualitiesinterestsactivitieshobbies
- Ability to work under minimum supervision
- Team player, good communication and interpersonal skills
- Self-motivated and hardworking
- Great analytical skills, innovative, takes initiative
- Likes reading for pleasure, playing football, listening to music, traveling for excursions and watching movies
- Participating in community service
Timeline
Senior Accountant
Triplus Petroleum Limited
05.2024 - Current
Audit Manager
Davella LLP
10.2018 - 05.2024
Accountant
Mwangaza Investment Company Limited
11.2015 - 09.2018
Bachelor of Business Management and Admin - finance option
St. Paul's University
01.2015 - 01.2019
Program Accountant
HOPE worldwide Kenya
10.2012 - 10.2015
Finance Assistant
HOPE worldwide Kenya
12.2009 - 09.2012
Certified Public Accountant CPA (K) - undefined
KASNEB (Vision Institute for professional Studies)
01.2006 - 01.2011
Kenya Certificate of Secondary School Education - undefined
Ingotse Boys High School
01.2001 - 01.2004
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