Lillian Angela Ng'andu
Accountant
Nairobi,Kenya
Summary
A result oriented professional with over 10 years of accounting experience in the financial services sector in treasury, accounts payable, accounts receivable ,tax computation ,payment and filing.
Experience in risk management and culture change management.
Overview
11
11
years of professional experience
7
7
years of post-secondary education
Work History
Treasury Accountant
Resolution Insurance Company Limited
09.2019 - 05.2021
- Prepared daily bank and Mpesa reconciliations
- Investigated and followed up for resolution of all unidentified transactions
- Prepared and submitted periodic reconciliation reports to management for decision making
- Prepared daily, weekly and monthly cash flow reports
- Monitored cash transactions and ensured that bank account balances were updated and well-funded
- Maintained the investments register for decisions making regarding fund management
- Reviewed and monitored banking activities and transactions for compliance with policies and guidelines
- Availed financial information that may was required for management decisions, audit, risk and regulatory inspections within SLA
- Acted as Company’s bank agent
- Prepared requisitions for tenders and bank guarantees
- Maintained bank signing mandates for the Company.
Accountant Receivables
Resolution Insurance Company Limited
03.2020 - 10.2020
- Premiums Management (Acting position)
- Accounted for all premiums received and confirmed they were within the pricing guidelines
- Processed of premiums and related roles within policies, guidelines and SLAs
- Provided reports to branch managers and Credit Control on the status of premium receivables to facilitate collections and performance management
- Provided required information for preparation of Management Accounts, Audit schedules and regulators
- Premium’s reconciliation to ensure all funds received in banks, mpesa, accounts custodians etc were recorded, receipted and allocated appropriately for timely commission payment
- Ensured safe custody and prompt banking of all cheques received
- Ensured the interest is charged on all policies issued on installment basis
- Proper and timely recorded of all clients bounced cheques and replacements and authorize the suspension and reinstatement of clients’ cover in relation to bounced or replaced cheques
- Ensured risk management and internal controls within the role assigned
- Trained, developed and ensured reportees deliver on objectives
- Ensured proper maintenance and filing of all departmental records
Finance Reporting and Tax Accountant
Resolution Insurance Company Limited
05.2019 - 08.2019
- Timely prepared of financial statements including profit & loss, cash flows, variance analysis reports, branches, departments and cost center reports
- Maintained the general ledger, chart of accounts and ensure full reconciliation of all accounts including banks, Reinsurers and intercompany accounts
- Submitted regulatory and other stakeholder reports
- Assisted in the preparation of business plans through provision of financial information and any other relevant data that may be required from time to time
- Timely prepared of the budgets for all branches, business units and consolidated annual budgets
- Monitored budget against variances and make timely recommendations for remedial action for adverse variances
- Facilitated and coordinate the audit processes, ensuring timely provision of information, trial balance, audit schedules and any other relevant data requested
- Reviewed and report on financial compliance status with regulatory and other agencies
- Prepare tax liability reports and ensure all taxes are paid
- Ensured risk management and internal controls are adhered to within the role assigned
Accountant
Resolution Insurance Company Limited
07.2018 - 04.2019
- Finance Operations (Remuneration & Tax)
- Timely processed of staff payroll through payroll system and effecting all the deductions as per the labor laws
- Accurate and timely processed of commissions payroll for sales agents as per policies in regard to rates and agents’ deductions in the payroll system
- Submitted the statutory deductions and others from payroll to the relevant institutions.ie bank check offs, Helb loans, NSSF, NHIF Pension etc
- Timely and accurate processed of the monthly payroll journals for both staff payroll and
- Brokers/commission agent’s payroll
- Online filling and payment of the statutory tax returns i.e
- Withholding Tax, PAYE, VAT,
- Excise duty
- Effected the payroll deductions and ensure timely reconciliations against the payroll
- Answered to queries relating to agent’s commission and payroll deductions
- Assisted the credit control function by posting all recovered debts from agents into customer accounts on a timely basis
- Payment of Tax returns on Premiums promptly.ie Insurance Regulatory Authority (IRA) Levies
- Liaised with the bank for funds and transfers necessary for payments execution
- Assisted in preparations of management accounts and audit schedules
Accounts Assistant
Resolution Insurance Company Limited
01.2015 - 06.2018
- Making supplier payments as per contractual agreements
- Reconciliation of the creditor’s age listing on a monthly basis
- Handled supplier queries on payments and issued remittance statement to all suppliers after every payment
- Online payment and submission of statutory deductions and returns by their due date i.e
- NHIF, NSSF, Pension, Withholding Tax, VAT & Excise Duty
- Timely processed of check-off payments to banks and the SACCO
- Petty cash management by maintenance of sufficient float and timely processing of cash payments
- Daily processed client payments i.e
- Premium refund, daily cash and last expense
- Posted of entries to the relevant journals together with accruals and prepayments for the month
- Assisted in preparations of management accounts and audit schedules
- Departmental risk champion
Accounts Assistant
Resolution Insurance Company Limited
02.2012 - 01.2015
- Managed receivables by ensuring correct entries are made in the cash book and customer’s account
- Ensured interest was charged as per RHEAL credit tariff
- Timely banked of installment payment cheques and effectively communicated with agents, clients and the bank
- Ensured timely deduction of DDAs signed by clients
- Updated relevant ledgers, ensuring that the customer premium payments and penalties were up to date
- Managed suspension and reinstatement of members in relation to bounced cheques
- Provided timely reports on dishonored payments, total premium financed in a month and suspended members
- Proper filing of records related to RHEAL credit
Accounts Clerk
Resolution Insurance Company Limited
05.2011 - 01.2012
- Prepared of cheques and vouchers for payments
- Processed of refunds to clients
- Prepared banking of all cash and cheques
- Processed and providing agents with required documentation for tenders
- Posted and paid commissions for agents and brokers in the system
- Receipted cash and cheques in the system
- Updated daily cash
- Reallocated receipts to policy holders
- Responded to clients and agents queries in relation to payments.
Client Service Intern
Resolution Insurance Company Limited
10.2010 - 05.2011
- Received all new individual business from central processing
- Vetted and captured member details into the system as required
- Returned incomplete business physically and in writing
- Responded to queries from internal clients
- Prepared renewal notices
- Activated renewed members for both individuals and corporate
- Answered internal and external calls/queries concerning renewals.
Education
Bachelor of Arts - Economics and Mathematics
University of Nairobi
Nairobi, Kenya 10.2006 - 06.2010
Training in Accounting: CPA Part II Section IV - CPA
Visions Institute of Professionals
Nairobi, Kenya 06.2005 - 01.2009
Skills
Accounts receivables
undefinedAccomplishments
- PWC Enterprise Risk Management and subsequent appointment as department risk champion – 2015
- Appointment as Finance department change agent-2019
- Training of IFRS 17-Fundamentals and General Insurance Work stream-May 2019
- Executive Certificate of Proficiency in Insurance-Feb 2020
References
REFEREES
Simon N Kariuki
Finance Manager-reporting
Resolution Insurance Company Limited.
0720560288.
Email: kariuki.s.n@gmail.com
Joseph Ndun’gu
Senior Accountant.
Resolution Insurance Company Limited.
0724943035.
Email: joseh.ndungu9@gmail.com
Tabitha Kamuto
HR Business Partner Pwani Oil Products
0729746888
Email: tkamuto@gmail.com
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
There is a powerful driving force inside every human being that, once unleashed, can make any vision, dream, or desire a reality.
Tony Robbins
Timeline
Accountant Receivables
Resolution Insurance Company Limited
03.2020 - 10.2020
Treasury Accountant
Resolution Insurance Company Limited
09.2019 - 05.2021
Finance Reporting and Tax Accountant
Resolution Insurance Company Limited
05.2019 - 08.2019
Accountant
Resolution Insurance Company Limited
07.2018 - 04.2019
Accounts Assistant
Resolution Insurance Company Limited
01.2015 - 06.2018
Accounts Assistant
Resolution Insurance Company Limited
02.2012 - 01.2015
Accounts Clerk
Resolution Insurance Company Limited
05.2011 - 01.2012
Client Service Intern
Resolution Insurance Company Limited
10.2010 - 05.2011
Bachelor of Arts - Economics and Mathematics
University of Nairobi
10.2006 - 06.2010
Training in Accounting: CPA Part II Section IV - CPA
Visions Institute of Professionals
06.2005 - 01.2009
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