FIDELIS NJUGUNA
Nairobi
Summary
I am looking for a challenging new opportunity to further develop my skills as an Accountant.
I am a certified public accountant with 11+ years of experience working and contributing to cost-saving and implementing sound financial controls in various setups. I am skilled in financial and budget management, financial reporting, cash flow management, inventory control, ERP systems, mitigating risk, and ensuring compliance with regulatory bodies. I have excelled in analytically finding solutions to issues, managing risks, and implementing internal controls. I am experienced in overseeing all financial management functions, reviewing and preparing periodic financial and management reports, reviewing annual financial statements, collaborating and coordinating auditing functions, and creating strategies for sustained economic viability and growth of the institute. I drive change by constantly challenging and improving existing processes and systems to improve productivity.
Overview
14
14
years of professional experience
Work History
ACCOUNTANT
USHURU SACCO SOCIETY LTD.
NAIROBI
01.2018 - Current
- Supervising, reviewing, and appraising daily activities of assistant accountants and tellers of assigned engagements
- Ensuring asset tagging and maintaining an accurate fixed asset register and depreciation schedule
- Coding and posting all transactions into the financial system while ensuring adherence to finance procedures
- Preparing payment vouchers for all disbursements, posting and keeping an updated list, and filing all payment vouchers while ensuring they are adequately supported and duly approved
- Coordinating cash collections from the bank and ensuring proper recording in the treasury book and system
- Providing financial information for planning, budgets, and status of program activities includes such activities as the provision of copies of documents supporting transactions
- Preparing daily electronic funds transfer (EFTs) for disbursement of loans, refunds, and any payment-related transaction to members, reconciling the duly paid EFTs for any outstanding amount
- Preparing and filing bank reconciliation statements and cash certificates promptly
- Reconciliation of all clearing ledger control accounts
- Conducting financial, operational, and compliance to improve operational and financial controls and efficiencies
- Conducting follow-up reviews of all issues identified during audits to ensure appropriate correction of the errors
- Making sure all financial records are properly maintained and accessible when needed by management for review or audits to ensure they are timely and accurate
- Completing assigned reviews following internal audit standards within budgeted timeframes by conducting data reviews and testing of activities to determine the nature of the operations function being reviewed
- Ensuring compliance with internal controls and recommending areas for improvement
- Participating in the organization of internal and external audits by providing required information and documents during an interim and year-end financial audit
- Ensuring adherence to the IFRS, accounting policies, Sacco finance policy, other Sacco policies, and any other relevant laws and regulations governing the operations of the Sacco
- Identifying irregularities such as fraud, forgery, theft, and cash differences, and taking appropriate action in collaboration with the finance manager
- Ensuring statutory deductions are paid on time
- Preparation of SASRA reports
- Achievements:
- Supervised interns and ensured completion of assigned tasks on time
- Liaised with the finance department at head office for payment of loans and ensured that members are paid within a turnaround time of 48 hours upon receipt of the loan application form
- I was part of the team that successfully rolled out FOSA services in 2020
CREDIT OFFICER
USHURU SACCO SOCIETY LIMITED
NAIROBI
01.2013 - 12.2018
- Managed and processed expenditure payments of the branch
- Marketed SACCO products, created awareness among regional stakeholders, attended monthly branch meetings, and wrote minutes
- Managed all assets assigned to the branch, ensuring an updated register was maintained, with assets tagging
- Provided required information to internal auditors during branch audit
- Organized SACCO events and functions in the region
- Prepared daily, weekly, and yearly reports of loan reports, recruited members, and receipts at the branch level
- Carried out daily monitoring and managing areas for all disbursed loans to ensure full repayment
- Ensured compliance with loan procedures per the legal requirements and internal lending policies and procedures
- Verified that guarantors were provided for all loan application forms
- Rejected loans and explained reasons for the same for ratification by the credit committee
- Prepared branch monthly, quarterly, and annual performance reports
- Accounting Roles
- Remitted statutory deductions and filing of tax returns
- Implemented debt management policies in assisting with financial analysis and budget control
- Monitored daily communications and answered queries
- Prepared statutory accounts and ensured payments, amounts, and records were correct
- Recorded and filed cash transactions into the accounting system correctly
- Processed payments and documents such as invoices, reimbursements and statements
- Reviewed figures, postings, and documents for correct entry, completeness, and accuracy
- Wrote reports, and prepared monthly budgets
- Achievements:
- Successfully transitioned from a Credit Officer to an Accountant position
- I was the regional representative of Sacco in the Mombasa region
ACCOUNTANT
WALOKANA MULTI-PURPOSE COOPERATIVE SOCIETY LTD.
01.2013 - 12.2013
- Prepared taxation reports ensuring the following fiscal guidelines and regulatory mandate
- Maintained proper financial records and ensured that there were clear audit trails
- Participated in preparing budgets and forecasts and reporting clearly and timely on attaining these forecasts and budgets
- Planned, managed, and coordinated end-of-month and end-of-year closing processes and procedures
- Participated in formulating internal controls and ensuring that these controls were implemented fully
- Monitored the company's cash flows and provided regular cash flow position reports as required and general treasury management
- Prepared annual financial statements for auditing, liaised with external auditors and facilitated annual audits
- Achievements:
- Tracked and monitored revenue for accuracy, verifying it against the monthly ledgers report
- Ensured timely preparation of budgets and oversaw implementation of budgetary controls and monitory controls
CREDIT INTERN
NSSF SACCO LIMITED
01.2011 - 12.2012
- Handled front office services activities (FOSA) as well as handled banking of cheques
- Received and handled the registration of FOSA loan forms
- Coordinated back-office services activities (BOSA) and registered new members
- Maintained the registry and received and registered BOSA loan forms
- Wrote payments and BOSA vouchers, as well as processed refunds
- Achievements:
- Responsible for checking members' balances and writing cheques
- Oversaw appraisals of FOSA loans and issued FOSA ATMs
Education
MBA - MBA-Finance
University of Nairobi
Nairobi, Kenya12-2019
Some College (No Degree) - CPA
Vision of Institute of Professionals
Nairobi, KenyaSkills
- Accounting and Financial Management
- Complex Problem Solving and Troubleshooting
- Client Service Management
- Risk Management
- Internal Financial Control
- Process Coordination
- Team Management and Leadership
- Excellence and Integrity
- Accountability and Transparency
- Good Communication and Listening Skills
- Bookkeeping
- Year-end close
- Tax Return Filing
- GAAP Accounting
- Tax Preparation
- Financial Reporting
- Financial Analysis
- Auditing
- Finance
- Financial Management
- Internal Controls
- Payroll Management
- Financial statement preparation
Workshopsandtrainingattended
- Trends in Management Accounting, Financial Analysis and Integrated Reporting, KUSCCO Ltd, 2024-04-08, 2024-04-12
- Taxation Masterclass for SACCOs, KUSCCO Ltd, 2023-07-24, 2023-07-28
- Advanced Excel and Data Analytics, RCM College, 2023-08-01, 2023-08-04
- Financial Services Sector Conference, ICPAK, 2022-11-02, 2022-11-03
- Microsoft Dynamic 365 Business Central, Iansoft Technologies Ltd, 2022-07-01, 2022-07-31
- Building SACCO Financial Health for Growth and Sustainability, KUSCCO Ltd, 2022-04-18, 2022-04-22
- Leadership and Integrity workshop, ICPAK, 2021-12-30, 2021-12-31
- Technical Enhancement Workshop, ICPAK, 2021-12-28, 2021-12-29
- IFRS Seminar, ICPAK, 2021-12-08, 2021-12-09
- ICPAK & KRA Tax Education, understanding ADR, ICPAK, 2021-09-28, 2021-09-28
- Enhancing Taxation and compliance in SACCOs, KUSCCO, 2021-07-27, 2021-07-30
- The Transfer Pricing Workshop, ICPAK, 2021-06-16, 2021-06-17
- Inaugural ICPAK Research Conference-Virtual Conference, ICPAK, 2020-12-10, 2020-12-11
- Public Sector Budgeting & Planning-Virtual Seminar, ICPAK, 2020-12-03, 2020-12-04
- Balance of Trade-The Journey of positioning Africa on the global Trade Webinar, ICPAK, 2020-12-06, 2020-12-06
- Financial Sector Training-Virtual Seminar, ICPAK, 2020-11-03, 2020-11-04
- Sacco Leaders Convention, KUSCCO Ltd, 2018-02-22, 2018-02-24
- Supervisory skills for management staff, Co-operative Bank, 2016-04-12, 2016-04-14
- Business Dynamic and Sustainability Seminar, KUSCCO Ltd, 2015-11-10, 2015-11-12
Memberships
Institute of Certified Public Accountants of Kenya-ICPAK
Qualificationsandtraining
- Master’s in Business Administration (MBA- Finance), 2014-01-01, 2019-12-31, University of Nairobi, Nairobi, Kenya
- Bachelor of Cooperative Business (Finance), 2010-01-01, 2012-12-31, Jomo Kenyatta University of Agriculture and Technology, Nairobi, Kenya
- Diploma in Cooperative Management, 2005-01-01, 2007-12-31, Co-operative University of Kenya, Nairobi, Kenya
- Certified Public Accountant (C.P.A.-K) (KASNEB), 2010-01-01, 2012-12-31, Vision Institute of Professionals, Nairobi, Kenya
Profile Snapshot
- Accountant, Ushuru Sacco Society Ltd., Nairobi, Kenya, 2018-01-01, Present
- Credit Officer, Ushuru Sacco Ltd., Nairobi, Kenya, 2013-01-01, 2018-12-31
- Accountant, Walokana Multi-Purpose Cooperative Society Ltd., Nairobi, Kenya, 2013-01-01, 2013-12-31
- Credit Intern, NSSF Sacco Ltd., Nairobi, Kenya, 2011-01-01, 2012-12-31
Personal Information
Title: ACCOUNTANT
Languages
Professional English Speaker
References
- Edward Obilo, Ushuru Sacco Society Ltd., eddyobilo@yahoo.com, +254 72 269 2037
- Charles Ngugi Ndiangui, Kenya School of Revenue Administration, ngochiro@gmail.com, +254 72 244 0560
- Justus Kevin Maina, Kenya Revenue Authority, justusmaina@gogglemail.com, +254 71 022 5150
Timeline
ACCOUNTANT
USHURU SACCO SOCIETY LTD.
01.2018 - Current
CREDIT OFFICER
USHURU SACCO SOCIETY LIMITED
01.2013 - 12.2018
ACCOUNTANT
WALOKANA MULTI-PURPOSE COOPERATIVE SOCIETY LTD.
01.2013 - 12.2013
CREDIT INTERN
NSSF SACCO LIMITED
01.2011 - 12.2012
MBA - MBA-Finance
University of Nairobi
Some College (No Degree) - CPA
Vision of Institute of Professionals
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