CAROLINE OGONGI
Nairobi
Summary
Accomplished Finance Manager with 20 years of experience in financial management and accounting in healthcare and manufacturing sectors. Currently leading a team of 22, successfully implemented ERP systems and cash management policies, improving reporting processes and reducing lead times. Initiatives include developing a costing rate card and applying KAIZEN principles to drive financial efficiency and profitability. Strong focus on aligning financial strategies with organizational goals, providing valuable insights and financial advice to stakeholders for resource mobilization and informed decision-making. Dedicated to continuous improvement and operational excellence, poised to contribute to sustainable growth and financial integrity.
Overview
21
21
years of professional experience
1
1
Certification
Work History
Finance Manager
Kenya Medical Supplies Authority
01.2020 - Current
- Spearhead a team of 32 professionals to ensure seamless financial and management accounting operations, driving team performance and engagement
- Oversee the preparation and monitoring of budgets, ensuring financial plans align with organizational objectives,maintaining variance levels below 10%
- Manage accounts payable and receivable with precision, ensuring timely and accurate financial reporting reducing error below 15%
- Effectively oversee inventory and fixed assets, optimizing utilization and reducing costs while maintaining a 100% compliance with regulations
- Direct the billing of supply chain fees and execute rigorous cash and bank reconciliations to enhance cash flow projections and analysis
- Ensure accuracy in costing services and pricing of medical commodities, contributing to a 24% profit margin.
- Leverage financial data to inform strategic decisions, driving financial efficiency and aligning operations with organizational goals
- Pioneered the successful implementation of an ERP system, significantly enhancing financial statement accuracy and reporting efficiency
- Led the development and execution of a Business Continuity Plan, ensuring critical operations remain uninterrupted during challenges
- Developed an Agency costing rate card that improved pricing strategies and resource allocation by 90%.
- Implemented a cash management policy that enhanced cash flow reporting and financial oversight
- Introduced KAIZEN principles, resulting in reduced lead times for financial procedures and improved operational efficiency
- Automated invoicing and integrated a fixed asset module, streamlining processes and enhancing accuracy
Management Accountant
Kenya Medical Supplies Authority
01.2012 - 10.2024
- Spearheaded improvements in annual budget analysis, leading to more informed and strategic decision-making across the organization
- Managed authorizations, bank transfers, and audits, streamlining operations and ensuring compliance with financial regulations
- Led in-depth costing and variance analyses, ensuring financial accuracy and facilitating proactive adjustments to meet targets
- Oversaw precise assessments of income tax returns, ensuring compliance and minimizing financial risk
- Provided high-quality financial guidance to management, enhancing their ability to make informed business decisions
- Effectively managed budgets and expenditures, conducting thorough audits to ensure accuracy and fiscal responsibility
- Prepared detailed financial reports that informed executive decisions, presenting findings to stakeholders using impactful visual aids
- Coordinated month-end closing processes, consistently meeting tight deadlines while maintaining accuracy
- Innovated and implemented new processes during the ERP rollout in Finance, significantly enhancing operational efficiency and data accuracy
- Improved the quality of annual budget analysis, leading to better management decision-making and strategic financial planning
Management Accountant-Costing and Variance Lead
Unga Group Plc
01.2011 - 10.2024
- Established and enforced stringent costing standards, significantly enhancing financial accuracy and accountability
- Proactively identified and reduced stock variances, leading to improved inventory accuracy and reduced costs
- Streamlined stock management processes to enhance operational efficiency and minimize delays
- Provided precise product costing information that supported strategic pricing and resource allocation decisions
- Utilized detailed cost analysis reports to drive strategic improvements, resulting in enhanced financial performance
- Conducted thorough margin analyses, contributing to increased profitability through informed decision-making
- Enhanced user proficiency by delivering effective Baan ERP training, empowering the team to leverage the system for improved operations
- Led the team to achieve operational excellence, significantly decreasing stock variances and improving overall performance at Unga Group Plc
- Successfully reduced stock variances to manageable levels, resulting in enhanced inventory control and cost savings at Unga Group Plc
Financial Accountant
Sameer Africa Ltd
01.2010 - 10.2024
Inventory Accountant
Sameer Africa Ltd
01.2008 - 10.2024
Treasury Management Accountant
Sameer Africa Ltd
01.2007 - 10.2024
Accountant
Proctor & Allan EA Ltd
01.2005 - 10.2024
Education
MBA - Strategic Management
University of Nairobi
12.2012
Bachelor of Commerce - Accounting
Catholic University of Eastern Africa
12.2005
Diploma - Banking and Finance
Kenya School of Monetary Studies
12.2000
High School -
Loreto High School Limuru
01.1996
Skills
- Budget forecasting
- Financial Management
- Strategic Management
- Management Accounting
- Financial Reporting
- Relationship Management
- Asset Management
- Debtors and Creditors Management
- Auditing and Tax Accounting
- ICT Competence
- ERPS
- Excel
- Power BI
- Macros
- Data Analysis
- Financial budgeting
Certification
- Senior Management course(SMC)
- CPAK
Timeline
Finance Manager
Kenya Medical Supplies Authority
01.2020 - Current
Management Accountant
Kenya Medical Supplies Authority
01.2012 - 10.2024
Management Accountant-Costing and Variance Lead
Unga Group Plc
01.2011 - 10.2024
Financial Accountant
Sameer Africa Ltd
01.2010 - 10.2024
Inventory Accountant
Sameer Africa Ltd
01.2008 - 10.2024
Treasury Management Accountant
Sameer Africa Ltd
01.2007 - 10.2024
Accountant
Proctor & Allan EA Ltd
01.2005 - 10.2024
Bachelor of Commerce - Accounting
Catholic University of Eastern Africa
Diploma - Banking and Finance
Kenya School of Monetary Studies
High School -
Loreto High School Limuru
MBA - Strategic Management
University of Nairobi
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