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
Month-end close
Financial Accounting
General Ledger Management
Internal Controls
Annual Budget Preparation
Monthly Financial Statements
Tax Return Preparation
Revenue Recognition
Tax Planning and Compliance
Regulatory Compliance
Payroll Processing
Bank Reconciliation
ERP System Expertise
Financial Reporting
Fixed Asset Accounting
Cash Flow Management
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