Sage,ERP,Nasion,Material Control ,Pastel,Quickbooks
Hi, I’m
BORNFACE OTIENO ODHIAMBO
EXPERIENCED ACCOUNTANT
Nairobi,30
Summary
Offering solid foundation in financial principles and eagerness to learn and thrive in consulting environment. Contributes strong grasp of financial analysis and reporting, ready to use and develop analytical and problem-solving skills in Accounting and Finance Consultant role.
Overview
11
years of professional experience
2004
years of post-secondary education
Work History
NAIROBI
Finance and Accounting Consultant
Accounting and Finance ConsultantNAIROBI, Nairobi Province
Accounting and Finance Consultant
07.2024 - Current
Job overview
- Analyze accounting process, identify issues and perform research on all solutions to ensure efficient workflows
- Perform regular analysis on accounting issues and resolve it efficiently
- Assist in Developing various systems to improve efficiency of accounting processes
- Develop various internal control programs and maintenance programs for same
- Provide technology support to clients and analyze all input data for clients
- Recommending new accounting standards or procedures to improve efficiency and accuracy in business operations
- Preparing tax returns for individuals or businesses, including small businesses that do not use an outside bookkeeping service
- Helping companies develop financial plans, including cash flow projections, budgets, and debt management strategies
- Identifying ways to improve accounting procedures within a company in order to streamline operations or increase efficiency
- Reviewing financial transactions to ensure that they are accurate and legal under the rules of the relevant jurisdiction
- Providing end user training to client staff
- Ensuring accounting software system is properly mapped to reflect company's needs
- Auditing and implementing inventory management policy
- Assist Accounting software developer in mapping accounting ledgers in the system
- Maintain count accuracy (digital and physical counting)
- Provide inventory control reports as required
- Implement a systemic and highly visible methodology to reconcile all inventories to deter theft and other non-reported shrinkage
- Plan for and conduct random stock counts of sample products to determine those controls on inventory are operating as expected
AYDENACE FINANCE AND ACCOUNTING CONSULTANCY LTDNAIROBI
Finance and Accounting Consultant
07.2023 - 06.2024
Job overview
- Summarizing budget trends, analyzing deficiencies and reporting variances
- Manage, mentor and motivate the finance team
- Debt management and collection
- Developing financial reviews and providing investment advice
- Drive the continuous improvement of end-to-end accounting practices
- Used accounting software to issue tax returns and prepare consolidated reports.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Developed financial models to assess and analyze financial performance of clients.
- Identified legal tax savings and recommended ways to improve profits.
- Developed financial strategies by guiding client to establish financial goals and matching goals to appropriate financial plans.
- Reviewed client accounts and plans to determine life changes, economic changes or financial performance.
- Classified and analyzed risks and investments to determine potential impacts on companies.
- Assessed client financial situation by gathering information regarding investments, asset allocation, savings and tax planning.
- Managed complex accounting projects successfully, meeting deadlines while maintaining high-quality output.
- Evaluated financial risk through comprehensive analysis, allowing clients to make informed decisions regarding their investments.
- Developed and analyzed information to assess current or future financial status of firms.
BIG COLD LTD
Senior Cost Accountant
08.2021 - 05.2022
Job overview
- Support the Operational Excellence Led to optimize gross margins by reviewing the preparation of Profit and loss account and Balance Sheet
- Stock management- confirmation of stock balances, physical verification, and maintenance of stock ledger in the system
- Create new items, calculate, and propose selling prices and ensure all unit prices are up to date in the system
- Plan for and conduct random stock counts of sample products to determine those controls on inventory are operating as expected
- Implement a systemic and highly visible methodology to reconcile all inventories to deter theft and other non-reported shrinkage
- Assist in internal and external audits and maintain a documented system of accounting policies and procedures
- Assist in driving cost control initiatives in the business
- Assist in development and implementation of new procedures and features to enhance the workflow of the department
- Making all expenses entries in the Ledger Accounts
- Analyzing and correcting any wrong entry in the P&l account
- Maintaining Fixed Asset Entries in the system
- Prepare and do VAT Account analysis
- Analyze accounting options and suggest financial actions
- Accounts payable and accounts receivable analysis
- Secure sensitive financial information by completing database backups
- Import control accounts monitoring
- Preparing and monitoring warehouse control procedures
- Preparing and analyzing Manufacturing account
JAVA HOUSE AFRICA
Cost Accountant
01.2019 - 05.2022
Job overview
- Maximized profitability with detailed product costing analysis, enabling data-driven decision making for pricing strategies.
- Managed month-end closing activities efficiently, ensuring accurate and timely financial reporting.
- Supported annual budget preparation by providing detailed historical data analysis and projecting future trends in costs and revenues.
- Performed financial reporting, trend analysis, and process improvement support.
- Assisted with month-end closing procedures, journal entry review, balance sheet analysis and monthly management report preparation.
- Provided valuable insights into production efficiency by analyzing manufacturing process costs against industry benchmarks.
- Prepared insightful monthly management reports highlighting key trends in cost behavior and offering actionable recommendations for improvement opportunities.
- Designed monthly and annual budgets design, labor and manufacturing.
- Strengthened internal controls by reviewing existing processes and recommending enhancements to safeguard company assets.
- Ensured accurate allocation of labor costs by developing a robust job costing system and monitoring timekeeping records.
- Conducted in-depth variance analysis to identify root causes of discrepancies between actual results versus projections, informing corrective actions as necessary.
- Implemented a robust accounts reconciliation process to maintain data integrity across multiple systems within the organization.
- Assisted in external audit engagements, ensuring timely completion and compliance with accounting standards.
- Developed customized financial models for more accurate forecasting of business performance, aiding strategic planning efforts.
- Collaborated with cross-functional teams to identify areas for operational improvements, resulting in significant cost reductions.
- Predicted, planned and recorded costs of raw materials, labor and operation.
- Partnered with business leaders to develop cost-saving initiatives, driving continuous improvement throughout the organization.
- Monitored cost standard performance to confirm that costs met budget cost parameters.
- Enhanced cost-efficiency by implementing effective cost control measures and analyzing budget variances.
- Streamlined production system of [Type] products, analyzing points of production to increase overall efficiency and product sales.
- Streamlined the financial reporting process for improved accuracy and timely delivery of financial statements.
- Reduced overhead expenses through rigorous analysis of departmental spending patterns and recommending cost-saving initiatives.
- Monitored fixed asset accounting process, maintaining accurate asset registers and calculating depreciation schedules per GAAP guidelines.
- Assisted procurement team in evaluating supplier contracts to ensure the best possible terms were negotiated while minimizing risk exposure.
- Evaluated capital investment proposals, conducting thorough financial analyses to ensure optimal return on investment.
- Conducted product inventories for clients' products and translated findings into detailed financial reports.
- Calculated labor and overhead rates, annually updating costs.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Trained new employees on accounting principles and company procedures.
- Collected and reported monthly expense variances and explanations.
- Maintained integrity of general ledger and chart of accounts.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Prepared working papers, reports and supporting documentation for audit findings.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Provided journal entries and performed accounting on accrual basis.
- Diminished outstanding debts by analyzing accounts for issues.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
JAVA HOUSE AFRICA
Assistant Accountant
02.2014 - 01.2018
Job overview
- Preparing financial documents such as invoice, bills, accounts payable and receivable
- Prepare variance analysis report for inventory, manufacturing cost and standard cost variances
- Perform accounting activities associated to product costing, manufacturing cost and inventory related activities
- Perform and review product costing on a daily and annually basis variances arising from inventory
- Analyzed authentic manufacturing costs and prepared monthly report to compare regular costs to actual output costs
- Documented changes in product design and prepared related reports
- Reconcile accounts payable transactions
- Monthly Production Variance Analysis
- Post transactions to journals, ledgers, and other records
- Monitoring Inventory Depletion during Production Process
- Routinely compared estimated costs to actual output costs
- Documented changes in product design and prepared related reports
- Coordinate with other functional team in reporting and highlighting any major
Education
KABARAK UNIVERSITYNAKURU
Bachelor of Science from Finance Option
01.2015 - 01.2017
KCA UNIVERSITYNAIROBI
CPA from Certified Public Accountant
01.2025 - 03.2025
KCA UNIVERSITY
Diploma In Accounting
KOKURO BOYS HIGH SCHOOL
Kenya Certificate of Secondary Education
JAMHURI PRIMARY SCHOOLNAIROBI
Kenya Certificate of Primary Education
Skills
Internal controls
Investment analysis
Payroll management
Strategic financial planning
Generally accepted accounting principles
Corporate finance
Tax planning and compliance
Cost accounting
Management accounting
Mergers and acquisitions
Stakeholder communication
Financial software proficiency
International financial reporting standards
Debt management
Project finance
Business valuation
Bank reconciliation
Tax preparation
Excel proficiency
Credit analysis
Payroll processing
Cash flow management
Accounts payable and receivable
Auditing and assurance
Contacts
0712995228, Okoyo2012@gmail.com
Personal Information
- Gender: Male
- Nationality: Kenyan
- Religion: Christian
Accomplishments
- Achieved ERP Accounting software Migration in Java by completing Training and creating awareness to accountants under my supervision with accuracy and efficiency.
Software
Timeline
KCA UNIVERSITY
CPA from Certified Public Accountant
01.2025 - 03.2025
Accounting and Finance Consultant
Accounting and Finance Consultant
07.2024 - Current
Finance and Accounting Consultant
AYDENACE FINANCE AND ACCOUNTING CONSULTANCY LTD
07.2023 - 06.2024
Senior Cost Accountant
BIG COLD LTD
08.2021 - 05.2022
Cost Accountant
JAVA HOUSE AFRICA
01.2019 - 05.2022
KABARAK UNIVERSITY
Bachelor of Science from Finance Option
01.2015 - 01.2017
Assistant Accountant
JAVA HOUSE AFRICA
02.2014 - 01.2018
KCA UNIVERSITY
Diploma In Accounting
01.2011
KOKURO BOYS HIGH SCHOOL
Kenya Certificate of Secondary Education
01.2007
Finance and Accounting Consultant
JAMHURI PRIMARY SCHOOL
Kenya Certificate of Primary Education
01.2001