Eunice Wangechi

Financial Planning, Analysis & Reporting

• Maximize resources through financial planning, including aligning budgets with corporate targets, while calculating and reporting variances.
• Coordinating the monthly financial closure of properties in the system ensuring accuracy and timeliness
• Managing weekly and monthly property and consolidated financial reporting that comply with IFRS for the assigned portfolios as well as provide insights to the management team

Cost Management

• Implement cost control measures and conduct cost variance analysis in order to identify cost cutting measures

Cash Flow Management

• Manage liquidity to ensure all properties meet its financial obligations

Regulatory Compliance & Audit

• Ensure adherence to government regulations, tax laws, IFRS as well as overseeing External audits

Financial Systems & Processes

• Implement and maintain systems, processes & controls to ensure data accuracy & operational efficiency.
• Work closely with property managers as well as lease administrators to promote effectiveness in operations
• Monitor and track rent and service charge collections and ensure critical supplier payments are made in a timely manner

Key success: Implementd enhanced financial reporting systems which resulted in increased accuracy and transparency across 15 property companies

Responsible for overall financial health, strategic planning, and operational efficiency in a fast paced retail company.

Financial Planning, Budgeting & Forecasting

• Budgeting; Taking lead in the annual budgeting process, and creating rolling forecasts to align with strategic goals.
• Sales & expenses forecasting; Projecting sales performance for each store to manage cashflow and inventory needs.
• Capital allocation; Determining funding for new projects, eg new store openings, major store renovations, technology advancements etc.

Financial Reporting, Analysis & Control

• Reporting; Preparing accurate monthly, quarterly and annual financial reports for senior management and the Board.
• Internal controls; Establishing and strengthening internal controls to ensure data integrity.
• Audit Management; Leading the financial year end close process and coordinating with external auditors.
• Profitability analysis; reviewing cost and profit margins as well as identifying high and low performing products.
• Key retail indicators; monitoring key indicators like sales per square foot, inventory turnover, gross margin per product category etc.
• Cost control; Identifying inefficiencies and implementing cost reduction strategies eg optimizing labour costs and reducing supply chain expenses.

Working capital Management

• Cashflow management; Managing daily cashflow bank transactions and maintaining liquidity to cover operating expenses.
• Inventory Management; Overseeing working capital cycle optimizing inventory levels to prevent cash tied up in slow moving stocks.

Risk Management & Compliance

• Regulatory compliance; Ensuring all financial activities comply with tax regulations statutory requirements and industry standards.
• Risk mitigation; Identifying and assessing risks like rising costs supply chain disruptions and economic downturns and developing contingency plans.

Retail Administration & Operations

• Procurement & Vendor Management; Overseeing purchasing process, negotiating contracts with suppliers and ensuring value for money for all expenditures.
• Inventory Control; Monitoring inventory levels and ensuring proper documentation for stock takes and loss prevention.
• IT & Systems Maintenance; Ensuring that the ERP system and other technologies are fully optimized and updated.

Human Resource & Administration

• Payroll administration; Managing payroll staff benefits and ensuring accurate and timely processing of payroll.
• Staff oversight; Supervising finance and administration staff, conducting performance reviews, and providing regular coaching.
• HR Support; Ensuring compliance with labour laws, managing employee records, supporting recruitment and onboarding process.

• Key achievements:
• Successfully managed to set up Achkay Services Ltd that oversees the finance and admin operations of Victoria Group
• Facilitated professional development workshops, upskilling staff and promoting internal talent progression.
• Managed financial budgets, forecasting, and reporting, ensuring fiscal responsibility and sustainability.
• Controlled expenses and allocated financial resources to reach budget goals.
• Built successful business culture focused on performance optimization and goal attainment.
• Turned around underperforming return on investment (ROI), achieving 15% profits by assuming control over finances
• Implementd cutting-edge technology solution across 9 entities within the Victoria Group that automated key processes, improving accuracy and speed.

Financial Planning, Analysis & Reporting

• Maximized resources through financial planning, including aligning budgets with corporate targets, while calculating and reporting variances.
• Ensured accurate & timely submission of financial reports

Cost Management

• Implementd cost control measures and conducted cost variance analysis in order to identify cost cutting measures

Cash Flow Management

• Managed liquidity to ensure company met its financial obligations

Regulatory Compliance & Audit

• Ensured adherence to government regulations, tax laws, IFRS as well as overseeing internal & External audits

Leadership & Team Management

• Led and mentored the finance team ensuring high performance and professional development

Financial Systems & Processes

• Implementd and maintained systems, processes & controls to ensure data accuracy & operational efficiency

Strategic Advisory

• Provided financial guidance to the CEO & BOD

Financial Reporting

• Prepared monthly management accounts, verified and reconciled transactions and resolved discrepancies

General ledger Management

• Maintained the general ledger by recording & reviewing the journal entries

Budgeting & Forecasting

• Assisted in preparation of budgets & forecasts as well as performing variance analysis between actuals and budgets

Accounts Payables & Receivables Management

• Oversaw the accounts payables & receivables processes ensuring timely payments & collections
• Monitored ageing analysis

Compliance & Audits

• Ensured adherence to government regulations, tax laws, IFRS as well as overseeing internal & External audits

Financial Systems & Processes

• Implementd and maintained financial systems, processes & controls to ensure data accuracy & operational efficiency

Team support & Collaboration

• Supervised and provided guidance to junior accounting staff ensuring accuracy of their work

Systems & Software

• Used ERP System for bookkeeping (SAP)

Financial Reporting

• Prepared monthly management accounts as well as donor reports as and when required

General ledger Management

• Maintained the general ledger by recording and reviewing journal entries

Budgeting & Forecasting

• Assisted in preparation of budgets and forecasts

Accounts Payables & Receivables Management

• Oversaw the accounts payables and receivables processes ensuring timely payments and collections

Compliance & Audits

• Ensured adherence to government regulations, Tax laws, IFRS as well as overseeing external and internal audits

Financial Systems & Processes

• Implementd and maintained financial systems, processes and controls to ensure data accuracy and operational efficiency

Team support & collaboration

• Supervised and provided guidance to junior accounting staff ensuring accuracy of their work

Systems & Software

• Used ERP system for bookkeeping (Navision)

Managed the daily branch cash operations ensuring security, accuracy, and compliance.

Key responsibilities;

• Cash Custody & Vault Management; Acting as the dual custodian for the main branch vault , managing the inventory of cash, conducting surprise cash counts.
• ATM & Teller Management ; Monitoring ATM cash levels , replenishing ATM's with clean notes, overseeing teller cash limits.
• Reconciliation & Compliance ; Ensuring 100% compliance with banking policies, reporting difference accurately, and facilitating end of day cash reconciliation.
• Transaction authorization ; Authorizing high value teller transactions, cheques and foreign exchange transactions.
• Cash movement & repatriation; Coordinating with Central Bank or Cash Centre for inward and outward cash remittances to manage liquidity.
• Customer service; Handling bulk cash deposits and withdrawals and resolving queries particularly regarding cash inconsistencies.

• Data entry and accounting. Was actively engaged in inputting transactions into the accounting software.
• Financial reporting assistance. Engaged in end month closure, passing journals, carrying our general ledger reconciliation as well as preparing some reports like supplier and debtors ageing analysis.
• Invoice processing and documentation. Assisted in booking supplier invoices, payments, staff expenses reports, and organizing financial documents/filing.
• Audit & compliance. Assisted staff members in coordinating both external and internal audits by gathering the documentation required and this enabled a smooth auditing experience.

Core skills developed:

• Proficiency in accounting software and Microsoft excel
• Understanding financial regulations and compliance
• Attention to detail in financial record keeping

• Was actively engaged in processing supplier invoices, payments as well as carrying out reconciliations
• Prepared customer invoices, recorded customer receipts and maintaining upto date customer records
• Carrying our daily sales reconciliation and ensuring daily cash sales are banked and carrying our monthly bank reconciliations.
• Engaged in inventory Management like carrying out stock counts and reconciliation, as well as monitoring stock levels.
• Maintained an organized filing system for ease of access to financial documents.
• Assisted the accountant in preparing financial reports for management decision making.