IAN MUROKI KIMANI

Flame Capital is a microfinance, currently operating in different regions in Kenya. In this role, I had oversight of a team of 30 people reporting directly to the CEO. My responsibilities included:

• Products analysis-Analyzing of viability or continuity of existing products and new products
• In charge of budgets and forecasts with emphasis on breakeven point realization in FY 2021
• Driving finance strategy in line with overall group strategy to deliver Africa’s leading online loan platform
• Recommend benchmarks for measuring financial and operating performance
• Commercialization of all Flame Capital branches
• Financial planning and resource allocation and implementing cost effective approaches
• Coordinate with Kenya Revenue Authority (K.R.A) , external auditors and suppliers
• Overseeing procurement and contracting procedures and processes
• Achievements at Flame Capital
• Reconstructed financials for back period of 2 years and had them audited successfully by Kenya Revenue Authority
• Managed to bring down debtors with about USD 60,000 of loan portfolio
• Set up systems with regards to work flow and reporting
• Successfully transitioned from general charges to tier system which translated to at least 20% increase in revenue
• Set up of finance department in all branches
• Introduction of credit limit of 90 days, and successfully registered Flame Capital Limited as member of credit bureau.(Metropol)
• Transfer Pricing policy audit and implementation 2021,2022.
• Trained new and existing staff members in various financial procedures to prepare for job requirements
• Evaluated project applications and verified with outline specifications to approve, reject and recommend adjustments
• Supported operations management, sales, and marketing efforts to increase revenue and overall financial health
• Drove revenue stream development through strategic collaboration and partnerships
• Prepared and managed large capital expenditure budgets to effectively handle infrastructure investment and long-term operations
• Managed regular finance tracking for numerous branch offices and headquarters expenses
• Partnered with IT and operational leadership to develop financial business plans with detailed benchmarks
• Maintained responsive organization with sustained revenue growth through industry forecast monitoring and deliberate financial planning
• Managed investments to diversify financial portfolios and grow revenue
• Executed vendor setup and payment, administration of bank accounts and account reconciliations.
• Trained new and existing staff members in various financial procedures to prepare for job requirements.

• Internal controls: Continually reviewing internal controls requirements
• Budgets: Preparation of annual budgets and implementing appropriate budgetary controls to ensure collections and spends are as per set budget
• Financial Strategic planning: Support top management during their strategic planning and business review process in providing financial insights
• Cashflow projections: Prepare monthly cash flow forecasts, monitor working capital and manage cash balances by initiating/executing appropriate actions including investment of excess cash and inter-account transfers
• General ledger review and reconciliations: Manage and reconcile all intercompany accounts, including accounts receivables, accounts payables, current and non-current loan receivables and current and non-current loan payables
• Management accounting: Ensure timely and accurate preparation of financial and management reports for entities
• Statutory deductions: Ensure compliancy with country's laws relating to corporate and other taxes, including accurate computation, declaration and payment
• This includes company returns like NSSF, NHIF, PAYE and other relevant deductions
• Peer training: Set and evaluate performance standards for departmental staff and set training by evaluating need of each staff
• Business relationships: Maintain relationships with company's banks, suppliers and other service providers so as to ensure that company receives timely, quality and cost-efficient services at all times
• Payroll review and payment: Review and approval of company’s payroll monthly, before sign-off by relevant company signatories
• Accounting standards review
• Keeping abreast with new financial accounting and reporting standards to ensure any new relevant ones are incorporated as is required
• IFRS, IASs
• Custodian of financial information: secure Company’s financial information by completing as well as protecting organization's value by keeping information confidential
• Petty cash: Review and approval of petty cash reimbursements
• Custodian of Company Assets-Maintain Company’s Fixed Assets Register and make adjustments whenever new assets are acquired, disposed off or transferred
• Ensure that accounts analysis and reconciliations (including bank reconciliations) are performed on monthly basis, and that are approved once prepared.
• External audits: Co-ordinate with company’s external auditors, providing ultimate support during audit and after audit period
• Payments: Review of payments to suppliers and ensuring payments are only made on approval, and proper support documentation exists.
• Leveraged finance knowledge to strengthen controls and improve transparency
• Maintained integrity of general ledger and chart of accounts

• Assessment of internal control environment and entity level controls.
• Test of accounts balances
• Reviewing financial processes and accounting records supporting performance
• Review and preparation of statutory accounts in compliance with International Financial Reporting Standards (IFRS), International Accounting Standards, Banking Act and Companies Act
• Carrying out risk procedures & evaluation and preparation of budget and time schedules for engagements at planning stage
• Carrying out agreed upon procedures as per engagement terms
• Check of statutory deductions compliance
• Review of related customer’ transactions and possibility of transfer pricing
• Holding inquiries with top management to understand their business models at glance
• Provide insights on upcoming Accounting Standards
• Compute business trend analysis
• Business proposal writing
• Providing constructive recommendations for improvement
• Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations
• Handled day-to-day accounting processes to drive financial accuracy
• Improved data collection, financial analysis and financial modeling to optimize practices and retain customers
• Collaborated with accounting manager to comply with governing bodies and limit regulatory risks
• Maintained integrity of general ledger and chart of accounts

• Provided training District Poverty Eradication Group programme (DPEGs)
• Follow up of groups under revolving fund in respective districts
• Report writing to company's Director on revolving funds
• Analysis of funds management and default.
• Validated results and performed quality assurance to assess accuracy of data
• Enhanced interfaces to promote better functionality for users
• Identified clear connections between policies and business results to eliminate or reduce confusion and help employees achieve goals
• Researched and adopted new technologies to add value to existing offerings