CYRUS MWANGI IRUNGU
CHIEF ACCOUNTANT
Nairobi, Nairobi Province,KENYA
Summary
Accomplished Chief Accountant with a proven track record at Villa Rosa Kempinski & Olare Mara Kempinski, enhancing financial accuracy and efficiency. Expert in ERP systems and financial reporting. Skilled in fostering team collaboration and professional growth, the approach resulted in a marked increase in department performance.
Overview
14
14
years of professional experience
11
11
years of post-secondary education
Work History
Chief Accountant
Villa Rosa Kempinski & Olare Mara Kempinski
07.2023 - Current
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Ensured compliance with tax regulations by diligently preparing and submitting all required documentation on time.
- Developed annual budgets in collaboration with senior management, aligning resources with company objectives.
- Reviewed budgets and communicated discrepancies to senior management.
- Calculated tax owed, prepared, and submitted returns and upheld compliance with all applicable laws.
- Collected and reported monthly expense variances and explanations.
- Trained new employees on accounting principles and company procedures.
- Provided journal entries and performed accounting on accrual basis.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Completed year-end closing processes with controllers and external auditors.
- Managed team of accountants, fostering collaboration and professional growth for improved department performance.
- performed Payroll Processing and review.
- Performed regular progress check in teams individual tasks for a smooth monthly processes
Senior Accountant
Villa Rosa Kempinski & Olare Mara Kempinski
01.2023 - 06.2023
- 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.
- Performed training & development of the team as a departmental trainer
- Compliance with internal controls
- Treasury functions
Accounts Payable Supervisor
Villa Rosa Kempinski & Olare Mara Kempinski
09.2018 - 12.2022
- Facilitated cross-functional collaboration between finance, purchasing, operations departments to resolve issues impacting cash flow or vendor relations.
- Managed month-end closing process, ensuring timely completion of accruals and account reconciliations.
- Mentored junior staff members to improve their understanding of accounting principles and practices.
- Reduced payment errors by closely monitoring and reconciling vendor statements.
- Maintained accurate records of all financial transactions within accounts payable department.
- Trained and supported new hires to educate on process flow and interdepartmental procedures.
- Ensured compliance with federal, state, and local tax requirements by maintaining knowledge of current regulations and filing necessary documentation.
- Processed all vendor invoices promptly in accordance with company policy.
- Participated in software implementation projects
- Coordinated with auditors during annual audits, providing necessary information to ensure timely completion of audit process.
- Researched all invoices that were past due.
- Developed strong relationships with vendors, resulting in improved communication and negotiation on payment terms.
- Optimized cash flow management by proactively scheduling payments based on discounts/cash available or due dates.
- Processed invoices and journal entries with efficiency and accuracy, resulting in decreased discrepancies.
- Improved customer satisfaction scores through application of superior conflict resolution and problem-solving skills.
Accounts Payable Accountant
Fairmont Hotels Kenya
01.2013 - 08.2018
Account Assistant
Fairmont The Norfolk Hotel
08.2011 - 12.2012
- Bank Reconciliations
- Intercompany Reconciliations
- Revenue reconciliation and income audit
- Credit card payment reconciliations
- Food & Beverage cost control
Credit Control Accountant
Fairmont Hotels Kenya
05.2010 - 12.2011
- Performed billing and invoicing
- Increased accounts receivable collection
- Performed dispute resolution internal or external
- Ensured compliance and documentation
- Performed training and support
- Performed credit worth review and reference
- Increased accuracy in reporting and analysis
- Performed credit evaluation and risk assessment
Education
MBA - Accounting And Finance
Mount Kenya University
THIKA 09.2024 - Current
Certified Public Accountant (CPA K) - Accounting
KASNEB
Nairobi 06.2008 - 12.2010
Bachelor of Arts - Communication & Sociology
UNIVERSITY OF NAIROBI
NAIROBI 09.2006 - 12.2010
High School Diploma -
Kiaguthu Boys High School
Kahuro, Murang'a County, Kenya 01.2001 - 12.2004
Skills
Accomplishments
- Supervised team of 15 staff members.
- Documented and resolved AP & AR discrepancies which led to clean receivable and payable.
- Implemented Itax in Fairmont
- Saw successful change of procurement/inventory system (ADACO & MC)
- Saw successful change of Accounting system From Navasion to Sun)
- Led a successful recovery of payroll data
- Led a successful change of payroll system
Timeline
MBA - Accounting And Finance
Mount Kenya University
09.2024 - Current
Chief Accountant
Villa Rosa Kempinski & Olare Mara Kempinski
07.2023 - Current
Senior Accountant
Villa Rosa Kempinski & Olare Mara Kempinski
01.2023 - 06.2023
Accounts Payable Supervisor
Villa Rosa Kempinski & Olare Mara Kempinski
09.2018 - 12.2022
Accounts Payable Accountant
Fairmont Hotels Kenya
01.2013 - 08.2018
Account Assistant
Fairmont The Norfolk Hotel
08.2011 - 12.2012
Credit Control Accountant
Fairmont Hotels Kenya
05.2010 - 12.2011
Certified Public Accountant (CPA K) - Accounting
KASNEB
06.2008 - 12.2010
Bachelor of Arts - Communication & Sociology
UNIVERSITY OF NAIROBI
09.2006 - 12.2010
High School Diploma -
Kiaguthu Boys High School
01.2001 - 12.2004
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