Caroline Ndugu Mbaka
Nairobi,Nairobi
Summary
- To establish a long-term career in accounting, auditing, and finance with opportunities for professional growth.
- To leverage my skills to contribute effectively toward achieving organizational goals and objectives.
- To enhance the competencies, I have developed throughout my academic and professional journey.
- To embrace challenging roles that require integrity, loyalty, strong relationships, and outstanding performance.
- Dedicated and focused accounting professional with extensive experience in financial management, accounting, and auditing. I possess a solid understanding of accounting principles, finance, and auditing, complemented by practical experience in preparing financial reports and maintaining accurate bookkeeping. Known for my strong sense of responsibility and ability to meet deadlines, I thrive in collaborative environments, demonstrating effective time management and problem-solving skills. Committed to fostering inclusivity and driving process improvements across teams, I am well-aligned with organizational values that emphasize emotional intelligence and project management.
Overview
8
8
years of professional experience
21
21
years of post-secondary education
3
3
Certifications
Work History
Principal Accountant
The Universities Fund
07.2023 - Current
- Leading financial operations and ensuring compliance with accounting principles
- Preparing periodic financial statements and reports
- Managing payment processing and maintaining accurate bookkeeping
- Developing cash flow projections and facilitating the filing of returns
- Oversee Microsoft Dynamics 365 Finance module development and Implementation
- Cashflow projection that informs management report and short term investment
- Overseeing Monthly reconciling of the Fund's bank Accounts;
- Payments Processing
- Oversee Processing of statutory deductions payments e.g
- PAYE, VAT, Withholding tax etc
- Performing bank transfers
- Coordinating, formulating, reviewing and implementing accounting and internal control system for revenue of the Fund
- Reviewing transaction records for revenue and grants
- Leading in timely provision of financial information to other stakeholders as required through provision of reports according to the laid down procedures
- Implementing recommendations from internal and external audit findings and responding to audit queries
- Analysing, reconciling and maintaining the general ledger accounts
- Providing linkage with internal and external auditors
- Verifying bank reconciliation statements; monitoring revenue collection and expenditures based on approved budgets
- Reviewing monthly cash book and bank reconciliations
- Analysing and reporting on revenue collected to management
- Undertaking performance appraisals and other staff management responsibilities in accordance with the Institutes relevant policies and procedures
- Responding to audit queries and implement report on action recommended by auditors
- Examination& authorizing payment vouchers and postings into the accounting system
- Verifying report on returns, and timely compliance to statutory returns
- Monitoring cash flow requirements to meet the Fund's obligations as and when they fall due
- Contributing in implementing financial regulations and directives to ensure compliance
- Consolidating and submitting financial, accounting and management reports on monthly, quarterly and annually for decision making
- Liaising with the National Treasury and the parent Ministry of finance and accounting matters
- Enforcing compliance with the quality management system and risk management framework
- Providing guidance and recommendations on addressing implementation for new standards and regulations
- Interpreting and implementing financial regulations and procedures, Treasury circulars, letters and instructions
- Ensuring effective internal control systems are in place and functioning
- Consolidating departmental budgets, submitting, uploading in the system and monitoring budget implementation
- Initiating proposals seeking funds for additional expenditure and reallocation of funds
- Participating in Resource Mobilization initiatives of the Fund
Senior Accountant
The Universities Fund
Nairobi, Nairobi County
07.2019 - 06.2023
- Prepared comprehensive financial reports and statements to guide decision-making
- Developed payment vouchers and processed payments efficiently
- Maintained proper books of accounts, ensuring accuracy and compliance
- Conducted analysis of budgets and expenditures, providing insights for management
- Prepared materials for both internal and external audits, ensuring a smooth audit process
- Monthly reconciling of the Fund's bank Accounts
- Undertaking monthly bank reconciliations
- Payment Processing
- Reconciling of vendor accounts before any payment
- Processing statutory deductions payments e.g
- PAYE, VAT, Withholding tax etc
- Responding to audit queries and implement report on action recommended by auditors
- Preparing annual budgets and providing technical support to technical departments during the budget-making process
- Compiling information required in the budgetary process
- Participating in maintaining the quality management system and risk management framework
- Checking expenditure trends and comments on deviations
Accountant
The Universities Fund
Nairobi, Nairobi County
10.2018 - 06.2019
- Preparation of Payment Vouchers and other payment documents
- Preparing and verifying financial reports
- Monthly reconciling of the Fund's bank Accounts;
- Payment processing
- Processing statutory deductions payments e.g
- PAYE, VAT, Withholding tax etc
- Reconciling and balancing cash books on a daily basis and preparing monthly bank reconciliation
- Providing safe custody of payment vouchers and approved journal
- Reconciling vendor accounts before any payment
- Preparing and maintain accurate prepayments, accruals and provision schedules
- Generating expenditure trends and comments on deviations
- Posting approved budgets into the financial system and into other government platforms
Internal Auditor
Meru University of Science and Technology Christian Union
Meru, Meru
01.2017 - 12.2018
- Ensured proper maintenance of accounting records and adherence to financial policies
- Monitored accountability of expenditures, enhancing financial integrity
Education
Master's in Business Administration - Finance Option
Jomo Kenyatta University of Agriculture And Technology
Nairobi County 05.2021 - Current
Bachelor's Degree in Commerce - Finance Option
Meru University of Science And Technology
Meru County 09.2014 - 03.2019
Kenya Certificate of Secondary Education -
Mayori Secondary School
Embu County 01.2010 - 11.2013
Kenya Certificate of Primary Education -
Seven Folks Primary School
Embu County 01.2001 - 11.2009
Skills
- Leadership skills
- Accountancy skills
- Analytical skills
- Interpersonal skills
- Detail Oriented
Certification
Senior management course, 06/01/23
Attributes
- Hardworking, focused and willing to learn
- Have a strong sense of responsibility and integrity
- Fluent in oral and written English and Kiswahili
- Proficient in computer applications
- Life Skills
- Driving
Professionalbodiesmembership
The Institute of Certified Public Accountants of Kenya (ICPAK), 28728
Trainingcoursesattended
- The Management Accounting & Strategy Conference, 03/01/22
- The Enterprise Risk Management Master Class, 09/01/23
- The 12th Annual Tax Convention 2024, 09/01/24
Personal Information
- ID Number: 32362401
- Citizenship: Kenya
- Marital Status: Married
- Religion: Christian
Otherrelevantqualifications
- Certified Public Accountants of Kenya (CPAK), 12/01/16, 12/01/20
- Accounting Packages (QuickBooks and SPSS), 08/01/18, 09/01/18
- Computer Packages, KIWAN Computer College, 01/01/14, 04/30/14
Timeline
Principal Accountant
The Universities Fund
07.2023 - Current
Master's in Business Administration - Finance Option
Jomo Kenyatta University of Agriculture And Technology
05.2021 - Current
Senior Accountant
The Universities Fund
07.2019 - 06.2023
Accountant
The Universities Fund
10.2018 - 06.2019
Internal Auditor
Meru University of Science and Technology Christian Union
01.2017 - 12.2018
Bachelor's Degree in Commerce - Finance Option
Meru University of Science And Technology
09.2014 - 03.2019
Kenya Certificate of Secondary Education -
Mayori Secondary School
01.2010 - 11.2013
Kenya Certificate of Primary Education -
Seven Folks Primary School
01.2001 - 11.2009
Similar Profiles
JAMES KYALOJAMES KYALO
Intern at The Universities Fund of KenyaIntern at The Universities Fund of Kenya
Ihab AlameldinIhab Alameldin
Internal Auditor at World Universities Services of Canada (a Global Affairs Canada fund)Internal Auditor at World Universities Services of Canada (a Global Affairs Canada fund)
William GreenWilliam Green
Research Assistant at Consortium of UniversitiesResearch Assistant at Consortium of Universities