KANG'ELA FRED MBUSI
NAIROBI
Summary
Goal-focused accountant with a record of accurate financial reporting and insolvency management. Offering 10 years of experience handling the finances of insolvent companies. Process payroll, budgets, reports, audits, journals, expenditures, and payments. Diligently maintains the latest training on tax regulations and legal issues impacting financial operations.
Overview
20
20
years of professional experience
Work History
Senior Accountant
Official Receiver
08.2014 - 03.2022
- Maintained detailed financial records of accounts receivable and payable status and bank reconciliations for institutions in liquidation under the purview of the Official Receiver.
- Assisted with monthly and quarterly receipts and payment statements, balance sheets and cash flow reports to inform decision-makers.
- Pursued debtors and collected loan repayments, and realized security properties for defaulters
- Acted as a professional witness in court for litigations against the the companies in liquidation.
- Gave responses to audit queries raised by office of the Auditor General regarding public defunct companies under the Official Receiver.
- Attended creditors meetings, negotiated dividend settlements, and took minutes.
- Attended Parliamentary Public Account Committee sessions convened to make inquiries on public defunct companies.
- Assisted with timely month-end closing procedures, resulting in accurate financial reporting.
- Checked general ledger entries on loans to increase accuracy, prevent significant errors, and identify adjustments.
- Contributed to the annual budgeting process by providing accurate forecasts and analysis of expenses.
- Prepared accurate financial statements and final liquidation statements for management review, aiding in informed decision-making processes.
Accountant
Pioneer Building Society
04.2011 - 08.2014
- 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.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Conducted thorough internal audits to identify discrepancies, recommend corrective actions, and ensure adherence to established policies and procedures.
Accounts Clerk
Capital Finance Ltd
02.2002 - 04.2011
- Set up and updated Excel spreadsheets on loans to track financial data.
- Input financial data and produced reports.
- Reported financial data and updated financial records in ledgers and journals.
- Assisted in the preparation of monthly financial statements to provide insight into company performance.
Education
Bachelor of Commerce Degree - Finance
Kenyatta University
Nairobi Kenya12.2023
CPA K - Financial And Management Accounting
Royal Business School
12.2017
Business Calculations -
Kenya Polytechnic
01.2002
Kenya Certificate of Secondary Education -
Kwale High School
01.1993
Skills
General ledger accounting
Financial Reporting
Audit Support
Bank Reconciliation
Financial statement review
Tax Preparation
Payroll Oversight
Management Accounting
Public Finance
Accounting for Insolvencies
Good Communication and Interpersonal Skills
Effective Time Management Skills
Able to adapt to various Capacities and different Working Environments
Excellent Report Writing Skills
Accomplishments
- 01/01/03, Supervised the sale of Pioneer Building Society and Capital Finance Ltd movable assets, office furniture and equipment, handing over of Capital Finance House, and moving of the institutions’ active files to Rural Urban Credit Finance Ltd- Ngumba House
- 01/01/03, Successfully supervised payment of the second and final dividend for depositors of Pioneer Building Society and preparation of final statements presented in court for dissolution
- 01/01/03, Supervised sale of KENREN CHEMICALS AND FERTILIZERS factory assets at Mombasa
- 01/01/14, Was instrumental in settlement of Rural Urban Credit Finance Ltd- Ngumba House to pay creditors, attended creditors’ meetings to negotiate final settlement and take minutes, was in charge of moving of file to industrial area go down and relocating active files and the institutions’ offices to Sheria House
- 01/01/14, Compiled a formidable defense from incomplete records in a suit on Pioneer Building Society filed by former directors claiming Ksh. 7 billion in damages from the Official Receiver, A.G and Registrar of Building Societies
- 01/01/14, Was instrumental in BRS start up in creation of KRA Pin number, NHIF and NSSF registrations and helping the outgoing Registrar General to record handover files
Competencesandprofessionaltraining
- Financial Accounting
- Management Accounting
- Public Finance
- Taxation
- Accounting for Insolvencies
- General Book Keeping
References
- PATRICK THOITHI KANYUIRA, Deputy Chief State Counsel – State Law Office, 0723011122
- COLLINS MUDEREMA KIVERENGE, Director Finance & Accounts- North Shore Ltd, 0723-386985
Hobbies and Interests
- Reading
- Adventure Travelling
- Writing
- Environmental Conservation
Timeline
Senior Accountant
Official Receiver
08.2014 - 03.2022
Accountant
Pioneer Building Society
04.2011 - 08.2014
Accounts Clerk
Capital Finance Ltd
02.2002 - 04.2011
Bachelor of Commerce Degree - Finance
Kenyatta University
CPA K - Financial And Management Accounting
Royal Business School
Business Calculations -
Kenya Polytechnic
Kenya Certificate of Secondary Education -
Kwale High School
Similar Profiles
Armando KamekonaArmando Kamekona
Lowes at Receiver/StockerLowes at Receiver/Stocker
CHARITY SARPONGMAA NYARKOCHARITY SARPONGMAA NYARKO
Associate/Representative at Office of the Receiver, Receiverships of 347 Microfinance Companies(PwC)Associate/Representative at Office of the Receiver, Receiverships of 347 Microfinance Companies(PwC)
Danielle S OliveiraDanielle S Oliveira
CEM Colonial Electronic Manufacturers, Inc. at Stockroom Receiver / Material HandlerCEM Colonial Electronic Manufacturers, Inc. at Stockroom Receiver / Material Handler