FAITH KITONGA
Nairobi,,30
Summary
An accomplished finance leader with 6+ years of experience in Accounting & Finance, process controls, and engaging with external Auditors. Expertise in performing duties such as Financial Reporting, Financial Statement Analysis, and interpretation, cash flow management, Preparation of budgets, team management, ensuring implementation of sound accounting systems and routines, conducting reviews and evaluations for cost-reduction opportunities, preparation and review of financial reports therefore seeking a more challenging position where one can use in-depth knowledge in internal processes control, accounting, and audit to provide the required level of leadership and guidance needed to ensure that best practices are followed, while maintaining the financial and managerial procedures as per industry standards.
Career Highlights:
Introduced a novel financial management system that enhanced efficiency by 30% and decreased
errors by 25%.
Streamlined financial reporting procedures, resulting in a 50% reduction in monthly reporting time.
Decreased Audit findings by 80% through the implementation of new internal control measures and
standard operating procedures.
Completed a 6-year Audit which was Pending since 2018.
Developed a live cash flow projection schedule which helped the company through the tough cash-deficient season.
Boosted revenue by 25% by introducing a new pricing strategy and negotiating vendor contracts.
Elevated team performance by 20% through training, conducting
regular meetings, and developing programs.
Reduced turnover by 50% via effective leadership and employee engagement initiatives.
Conducted a cost analysis that resulted in a 15% reduction in expenses.
Created financial models that provided insights into potential business opportunities, resulting in a
5% increase in profits.
Oversaw the company's Financial Planning and Budgeting process, ensuring that the company achieved its financial goals for three consecutive years.
Awarded the best staff for handling member complaints in 2023.
Overview
7
7
years of professional experience
1
1
Certification
Work History
Financial Accountant
Premier Foods Limited
06.2022 - Current
- Assisted in annual audit preparations, ensuring a smooth process with no major discrepancies found.
- Preparation of Annual Financial Statements and audit files in line with IFRS.
- Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
- Compiled budget figures by reviewing past budgets, evaluating estimated income, and assessing expenses.
- Identified cost-saving opportunities through thorough budget analysis and expense tracking.
- Input financial data and produced reports using SAP and Quickbooks Software
- Reduced month-end closing time by optimizing the reconciliation process for bank and credit card accounts.
- Investigated daily variances and corrected errors to resolve discrepancies.
- Developed financial models to assess and analyze financial performance of clients.
- Collected and reported monthly expense variances and explanations.
- Prepared working papers, reports and supporting documentation for audit findings.
- Collaborated with cross-functional teams to develop budgets for new projects, supporting strategic growth initiatives.
- Optimized inventory management processes
- Improved cash flow management with timely invoicing and efficient collections practices.
- Developed a robust forecasting model that accurately projected revenue trends and guided budgetary adjustments as needed.
- Maintained up-to-date knowledge of relevant accounting standards, ensuring full compliance with GAAP guidelines at all times.
- Analyzed and prepared annual budgets to contain costs, minimize losses and assure compliance with internal controls.
- Leveraged advanced Excel skills to automate routine tasks, freeing up time for more value-added activities such as variance analysis and strategic planning support.
- Preparation of tax computations of the company for review and timely payment of the same.
- Preparation and management of budgets.
- Cashflow/treasury management. Preparation of Cash Flow schedule and monitoring of it thereof to optimize available funds
- Preparation of Board Papers
- Liaison person with external parties including auditors and KRA.
- Overseeing payable, receivables and invoicing team.
- Preparation of Financial reports including Monthly Management Accounts, Budget, Cash disbursement schedule and other ad hoc reports as required.
- Overseeing all general accounting functions such as general ledger accounting, ledger reconciliation and all related approvals prior to HOD reviews.
- Review payment voucher requisitions against supporting documentation and authorize for approval.
- Ensure reconciliations of all the GL accounts are prepared and checked as per the set schedule and presented for review by the Head of Finance.
- Reconciliation and monthly remittances of all statutory tax returns and ensuring compliance with the set regulations
- Providing leadership to the accounts department team to ensure maximum productivity, motivation, efficiency, smooth-running department and accuracy at all times.
- Developed accounting policies and business processes to strengthen internal authority and drive efficiencies.
- Trained 8 employees on established practices and accounting protocols to eliminate workflow snarls and tracking concerns.
Accountant
Mabati Rolling Mills
07.2020 - 05.2022
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Gathered financial information, prepared documents, and closed books.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks.
- Managed 30 Million Kenya Shillings cash flow effectively, ensuring all company liabilities were met on time and surplus funds were invested wisely.
- Collaborated with external auditors during the annual audit process to provide the necessary documentation and address any concerns or findings promptly.
- Maintained accurate records of fixed assets, including acquisition costs, depreciation schedules, and current values for insurance purposes.
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
- Enhanced financial decision-making capabilities by providing timely, accurate information to management through regular performance reports.
- Reduced expenses by negotiating with vendors for better pricing and terms on services and supplies.
- Improved data collection, financial analysis, and financial modeling to optimize practices and retain customers.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Implemented effective cost control measures to minimize overspending without sacrificing quality or service levels.
- Established strong relationships with banking partners to facilitate access to various financial services and secure favorable lending terms for the organization.
- Assisted in the development of financial forecasts based on historical trends and current market conditions, supporting strategic planning initiatives within the organization.
- Conducted thorough internal audits to identify discrepancies, recommend corrective actions, and ensure adherence to established policies and procedures.
- Developed comprehensive budgets that aligned with company goals while ensuring fiscal responsibility.
- Modified comprehensive reporting to reflect changing financial structure.
- Prepared working papers, reports, and supporting documentation for audit findings.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Collaborated with accounting manager to comply with governing bodies and limit regulatory risks.
Accounts Assistant
Vaghiyani Limited
02.2017 - 06.2020
- Maintained clean and organized files by keeping accounts payable records up-to-date.
- Performed administrative and clerical duties such as word processing, data entry, faxing and copying.
- Processed payments and documents such as invoices, journal vouchers, employee reimbursements, and statements.
- Prepared itemized statements, bills, or invoices and recorded amounts due for items purchased or services rendered.
- Analyzed financial discrepancies and provided solutions for accurate financial records.
- Assisted in budget preparation and forecasting to control expenditure and maximize profitability.
- Developed monthly, quarterly and annual profit and loss statements and balance sheets.
- Reconciled accounts, managed audits and updated financial records with remarkable accuracy.
- Reduced financial discrepancies, effectively reconciling bank accounts and organizing information into accounting software.
- Compiled budget figures by reviewing past budgets, evaluating estimated income, and assessing expenses.
- Presented audit findings to accounting manager after reviewing results and paperwork.
- Tracked financial progress by creating quarterly and yearly balance sheets.
- Streamlined bookkeeping procedures to increase efficiency and productivity.
- Input financial data and produced Monthly reports
- Strengthened financial operations by conducting bank reconciliations and financial reporting.
- Reconciled company 5 bank, credit card and line of credit accounts, investigating, and resolving discrepancies to keep accounts audit-ready.
- Generated invoices upon receipt of billing information and tracked collection progress.
- Handled day-to-day accounting processes to drive financial accuracy.
Education
Master of Science - Finance And Investment
KCA University
Nairobi, Kenya12.2024
Bachelor of Commerce - Finance
KCA University
Nairobi, Kenya12.2022
KASNEB - Certified Public Accountant of Kenya (CPA-K)
Strathmore University
Nairobi, Kenya12.2018
Kenya Certificate of Secondary Education -
St Josephs Girls High School
Makueni, Kenya12.2010
Skills
- Financial Accounting
- Financial Reporting
- Financial Analysis
- Financial Modelling
- Tax
- Management Accounting
- Cost Accounting
- Budgeting and Forecasting
- Cashflow Management
- Auditing
- Advanced Microsoft Excel Proficiency
- Team Leadership
- Analytical Thinking
- Problem-Solving Skills
- Business Acumen
- Working Capital Management
- Accounts Payable and Receivable
- Bank Reconciliations
- Payroll Management
- Project Cost Accounting and Management
- Year-End Close Process
- Pivot Tables
- Quickbooks SAP Sage Tally ERP
- Accounting and bookkeeping
- General Ledger Management
- Generally Accepted Accounting Principles
- Fixed Asset Management
- Balance sheets
- Annual reports
- Cash Flow analysis
Certification
- CPA - Certified Public Accountant
REFERENCES
Zacchaeus Kirui
Finance Manager
Premier Foods Limited
Phone: +254 726 612 556
Cornelius Mutinda
Head of Audit
Premier Foods Limited
Phone: +254714 722 341
Lucy Phillip
Industrial Promotions Services
Project Accountant
Phone: +254701 794 572
Timeline
Financial Accountant
Premier Foods Limited
06.2022 - Current
Accountant
Mabati Rolling Mills
07.2020 - 05.2022
Accounts Assistant
Vaghiyani Limited
02.2017 - 06.2020
Master of Science - Finance And Investment
KCA University
Bachelor of Commerce - Finance
KCA University
KASNEB - Certified Public Accountant of Kenya (CPA-K)
Strathmore University
Kenya Certificate of Secondary Education -
St Josephs Girls High School
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