Kevin Karugu
Accountant
Nairobi, Nairobi County
Summary
I am a friendly and engaging team player and leader who can inspire staff to perform their best. I am a detailed oriented individual with over 10 years’ experience in finance operation, compliance, budgeting & reporting and credit control. I am a highly trained professional with the view of ensuring customer satisfaction and professionalism as well as value for money for the organization. I am most satisfied when every transaction results in both parties achieve value for money.
Overview
12
12
years of professional experience
23
23
years of post-secondary education
Work History
Finance Manager
Britam General Insurance
08.2021 - Current
- Development and implementation of financial controls, policies, and procedures to minimize risks and meet legal and audit requirements
- Responsible for account payables, ensure intermediaries’ commissions and incentives, suppliers payments and claims are paid within the SLA’s.
- Management of insurance premium collections and setting up appropriate credit control policies
- Responsible for fostering positive relationships with clients and intermediaries through engagements to ensure premium debtors are maintained at acceptable level
- Responsible for intermediaries’ debtor’s reconciliation, ledger and bank reconciliation to ensure proper allocation of receipts
- Responsible for monthly, quarterly and annual financial reporting and presentation in the management meetings
- Responsible for budget preparation, business planning and performance review
- Responsible with finance operations within the operating segments and Microinsurance
- Responsible for external and internal audit
- Responsible for IFRS17 implementation and reporting
- Responsible for compliance with the insurance regulator
- Responsible for preparation and consolidation of company board papers and presentations in the Microinsurance board meetings.
Senior Accountant
Britam Life Assurance
04.2018 - 07.2021
- Ensuring compliance with regulatory and operational requirements; this entails filling of quarterly and annual returns with the regulator and ensuring compliance with internal company policies
- Preparation of monthly, quarterly, and annual financial statements and highlights
- Ensure value add from prepared management accounts to support decision
- Preparation of financial reports and highlights to the CFO and CEO, group company reporting schedules and financial analysis
- Preparation, monitoring, tracking, and reporting of budget against actual for both revenue and expenditure for the company
- Handling interim and annual audit for the company; this entail preparation of audit schedules, providing auditors with any explanation or documentation deemed necessary for the audit and ensuring all matters raised by auditors are closed on a timely basis
- Preparation of financial statements for publishing as per IFRS, regulatory bodies and company act
- Providing financials and coordinating the completion of questionnaire for company Global Credit Rating
- Review of account analysis and bank reconciliations monthly
- Assist in preparation of board papers and reports
- Review and analysis of fixed asset register and preparation of fixed assets movement schedule and been a custodian of fixed assets in the company
- Closing of various sub-ledgers in the accounting system (ERP) at end month for timely, effective, and accurate monthly reporting
- Approval of purchase requisitions in the purchasing sub-ledger in ERP.
Assistant Accountant
Britam Life Assurance
10.2016 - 04.2018
- Processing of payments to clients, intermediaries and suppliers on a timely basis
- Preparation of bank and general ledger reconciliation
- Preparation of general ledger account analysis
- Reconciliation of Rent Income, Service Charge and Operating Leases
- Processing and accounting of Prepayments
- Processing of employee’s reimbursements and advances
- Preparing of journal entries and financial data posting into accounting systems
- Assist in preparation of audit schedules
- Inter-company reconciliation and analysis
- Preparation of process manual and periodic updates.
Accounts Assistant
Britam Life Assurance
04.2014 - 10.2016
- Preparation of main cashbook and carrying out cash and bank reconciliation
- Conduct monthly expense general ledger account analysis
- Payment of suppliers and customers
- Assist in supplier relations, ensuring processing of accounts payable in Oracle, ERP
- Preparing of journal entries and financial data posting into accounting systems
- Assist in preparation of audit schedules.
Intern
Aon Minet Insurance Brokers Ltd
08.2012 - 10.2012
- I worked on allocation and preparation of Authority to Incur Expenditure
- Preparation cashbook and cashbook posting in the ledger
- Preparation of manual payment
Education
Professional Course - CPA (K)
Regional Institute of Professionals
Nairobi, Kenya 04.2001 - 01.2018
Bachelor of Science - Mathematics, Major Statistic
University of Nairobi
Nairobi, Kenya 01.2012 - 01.2015
High School - KCSE level
Kiaguthu Boys High School
Makuyu, Murang'a District, Kenya 01.2004 - 01.2007
Skills
- Financial management
- Budget forecasting
- Financial analysis
- Strategic planning
- Cash flow management
- Regulatory compliance
- Performance analysis
- Financial budgeting
Keycompetenciesandskills
- Highly proficiency in data compilation, aggregation and data analytics.
- Highly experienced in coordinating internal and external audits.
- Highly experienced in Microsoft word and power point presentations.
- Possess excellent numerical, strong analytical, financial reporting and report writing skills.
- Possess excellent communication and presentation skills.
- Excellent interpersonal skills, greater attention to details and team player.
- Trained and impactful team leader.
Timeline
Finance Manager
Britam General Insurance
08.2021 - Current
Senior Accountant
Britam Life Assurance
04.2018 - 07.2021
Assistant Accountant
Britam Life Assurance
10.2016 - 04.2018
Accounts Assistant
Britam Life Assurance
04.2014 - 10.2016
Intern
Aon Minet Insurance Brokers Ltd
08.2012 - 10.2012
Bachelor of Science - Mathematics, Major Statistic
University of Nairobi
01.2012 - 01.2015
High School - KCSE level
Kiaguthu Boys High School
01.2004 - 01.2007
Professional Course - CPA (K)
Regional Institute of Professionals
04.2001 - 01.2018
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