Damaris Kasyoka Mwaniki
Finance Reporting Analyst
Nairobi
Summary
Personal Profile Aggressive and top-performing accounting and finance professional. I have over 5 years of experience having worked in various positions and currently working as a Finance Reporting Analyst at the Central Bank of Kenya. I am experienced in financial reporting, accounting, analysis, planning, budgeting, forecasting, monitoring, and developing financial models. I am proficient in all functions of accounting and financial administration, auditing, processing payments, managing accounts receivable, and payment of statutory deductions. I have good reporting skills including the use of IFRS and US GAAP Reporting Standards. I am adept at applying financial management practices to ensure accurate budget forecasts and reports and specialize in maintaining accuracy and adhering to quality standards while handling an assortment of budget planning and resource allocation duties. I aim to utilize my expertise, dedication to delivering results, and excellent problem-solving skills to contribute to boosting the profitability of the organization. Time Management: I can allocate an appropriate amount of time and resources for completing work; foresees risks, monitor and adjusts plans and actions as necessary; uses time efficiently. Flexibility and Adaptability: I am a flexible team player who thrives in environments that require the ability to effectively prioritize and juggle multiple concurrent tasks. I am also very positive, resilient, and open to new ideas. Problem Solving: An innovative problem solver who can generate workable solutions and resolve complaints keeping the level of motivation high. To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills.
Overview
8
8
years of professional experience
10
10
years of post-secondary education
Work History
Finance Reporting Analyst
Central Bank of Kenya
Nairobi
03.2018 - Current
- Worked with Oracle to roll the ERP system, Oracle Fusion
- My tasks included direct engagements, testing, validation, and training staff before the system went live in August 2022
- Worked with KRA to resolve withholding VAT issues which were completed in January 2022
- Analyzed and reconciled Fixed Asset Register which ensured that 90% assets in the FAR were in General Ledger
- Prepared financial reports which lead to unqualified opinions from external auditors and the Office of the Auditor-General
- Responsibilities:
- Enter data in the Oracle and T24 Systems, verify the accuracy of invoice amounts, and ensure that all support documents are attached for completeness
- Undertake importation process of transactions from T24 to Oracle Fusion system to ensure that General Ledger captures and reflects all financial transactions conducted from different branches and currency centers .
- Assisted with the day-to-day operations of the finance department such as filing and retention of finance documents, making payments to suppliers and staff, managing accruals and prepayments, following up receivables from debtors, managing petty cash disbursements and working efficiently and productively with all team members.
- Prepare, process and analyze monthly payroll reports and highlight all changes, advising staff on their loan qualifications, approving their loan applications as well as ensuring that loan deductions are entered into the Oracle system
- Prepare the annual budget, upload approved budget and budget revisions in the system, monitor the budget, and conduct variance analysis monthly
- Undertake month end closure of accounts so as to ensure all reports necessary for audit exercise are ready, coordinating with external auditors and implementing audit findings and recommendations for the head office, branches and currency centers
- Manage Fixed Asset Register (FAR)
- Prepare financial statements e.g., statement of financial position, profit and loss statement, statement of cash flows, statement of changes in owner’s equity and notes to the financial statements
- Prepare management accounts and identifying areas where more stringent measures are to be undertaken to improve bank’s profitability
- Participate in ERP and SWIFT system upgrade projects to drive continuous improvement and efficiency in delivering services to customers
- Assess risk levels in internal control measures and comply with the relevant end to end process so as to mitigate risk
- Mentor, coach, and training new employees for smooth onboarding process while ensuring that they are sufficiently engaged, supervising their work, and offering guidance on the areas to improve.
Accounts Assistant
Gath Consulting Engineers
10.2016 - 02.2018
- Cleared historical backlog of unreconciled accounts which improved the quality of the organization’s financial data
- Established very strong relationships with customers which led to increased business engagements hence increased profitability
- Contributed to proper record keeping and financial reporting that ensured the financial reports presented were fair and complete
- Responsibilities:
- Payroll preparation, computation, and filing of statutory deductions, i.e
- PAYE, NSSF, NHIF on iTax
- Yearly budget preparation and regular monitoring of budget allocations, expenditures, and related financial activities to ensure that allocations are accurate, revenues are recorded, expenses are within budget limits, and/or fiscal practices are followed
- Analyzed and forecasted critical financial performance indicators such as cash flow, cost controls, and actual figures against budgets/targets and conveyed these analyses to the management and recommend corrective actions where needed
- Assessed the long-term financial trends and review prospects for future growth of income and new property areas, and pinpoint potential weak areas
- Manage the account payables and ensure good rapport with the vendors and timely payment of their invoices, timely and accurate vendor account reconciliations
- Completed regular monthly reporting and analysis, including key metrics reports, and variance analysis, and conduct ad hoc financial analysis as required
- Undertook the preparatory work for the annual audit of accounts, responding to audit queries and implementing audit recommendations
- Evaluated payments made by clients against the amount on the invoice and all statutory deductions such as W/H Tax and Withholding VAT
- Performed other duties such as entering all petty cashbook expenses into the system using SAP Accounting Software, and monitoring project expenses against the set budget.
Trade Marketing Intern
L’Oréal East
04.2016 - 09.2016
- Successfully launched Mixa brand into the Kenyan market
- Was part of the team that worked with Carrefour to secure space at the Hub Mall
- Responsibilities:
- Responsible for brand activations and new Product Launches, market research and analysis, Product development and channels relationship management, and Budgeting marketing expenditures.
Roaming Coordinator Intern
Safaricom Limited
07.2015 - 03.2016
Education
Bachelor of Commerce - Option Finance
University of Nairobi
01.2011 - 01.2015
Kenya Certificate of Secondary Education - undefined
Alliance Girls’ High School
01.2006 - 01.2009
Completed Chartered Financial Analyst - undefined
CFA
06.2019 - 12.2019
level 1 - undefined
CFA Institute
CPA-K - undefined
Vision Institute of Professionals
01.2012 - 01.2014
Skills
Communication SkillsI can talk to others to convey information effectively, give full attention to what other people are saying, and take time to understand the points being made
Finance Reporting skills: I have gained substantial knowledge on matters of finance such as financial accounting, financial reporting, monitoring expenditures, writing financial reports, analyzing revenues, determining budget variances, budget preparation, and planning and performing cash flow forecasting
Accounting: Skilled in handling general accounting principles such as reconciliations, petty cash management, and the general ledgers and balancing of accounts, handling invoices profit and loss, accounting receivables, and payables among othersOrganization skills: Excellent documentation, interpersonal skills, negotiation skills, ability to meet deadlines, time management skills, presentation skills, ability to work independently and take full responsibilityTimeline
Completed Chartered Financial Analyst - undefined
CFA
06.2019 - 12.2019
Finance Reporting Analyst
Central Bank of Kenya
03.2018 - Current
Accounts Assistant
Gath Consulting Engineers
10.2016 - 02.2018
Trade Marketing Intern
L’Oréal East
04.2016 - 09.2016
Roaming Coordinator Intern
Safaricom Limited
07.2015 - 03.2016
CPA-K - undefined
Vision Institute of Professionals
01.2012 - 01.2014
Bachelor of Commerce - Option Finance
University of Nairobi
01.2011 - 01.2015
Kenya Certificate of Secondary Education - undefined
Alliance Girls’ High School
01.2006 - 01.2009
level 1 - undefined
CFA Institute