Summary
Overview
Work History
Education
Skills
Seminars Workshops Training Attended
Other Responsibilities
References
Hobbies and Interests
Timeline
Generic

Lucy Boit

Nairobi

Summary

Result oriented, high personal integrity with the ability to relate to and create trust in all. Fast learner, highly articulate, confident, persuasive team player, able to motivate and communicate to achieve exceptional performance. Dependable and reliable in supporting team effort to produce genuine long-term results. I am looking for a challenging position that meets my competencies, capabilities, skills, education and experience and utilize these skills and expertise to contribute to the success and growth of your organization.

Overview

21
21
years of professional experience

Work History

Finance Manager

Child Welfare Society of Kenya
Nairobi
08.2022 - Current
  • Participate in formulation and review of finance and accounting policies and procedures manuals
  • Developing and maintaining financial reports resulting in improved financial analysis
  • Participate in review and implementation of a new accounting system leading to improved workflows and reduced errors
  • Support the budgeting process and provide recommendations to improve budgetary controls and forecasting
  • Review from time to time the internal controls in place to identify any weaknesses and remedy the same
  • Examine financial records and ensure timely and accurate preparation of payments
  • Oversee management and operation of petty cash by the various branches
  • Oversee reconciliation of bank statements against the general ledger resulting in accurate financial records
  • Assist in managing the payroll processing for the organization and filing of regulatory returns
  • Preparation of reports in compliance with the regulatory bodies and maintaining compliance with legal and regulatory requirements
  • Participate in audit activities and respond to internal and external audit queries
  • Supervise and lead staff in the department.

Acting Manager, Financial Reporting

Kenya Post Office Savings Bank
Nairobi
09.2020 - 08.2022
  • Participate in developing, reviewing & implementing appropriate financial policies & controls relevant to the finance and accounts department
  • Coordinate formulation and facilitate approval of the Bank’s overall Budget
  • Participate in preparation and justification of annual budget estimates for Board of Management and Treasury for review and adoption
  • Deploy the approved budget into the financial ERP, communicate to relevant cost Centre managers and ensures cost centers adhere to budgetary compliance and cost containment measures
  • Monitoring and reporting on budget performance and ensure business areas are compliant with budget policy guidelines and allocations
  • Facilitate budget reallocations requests by vote holders in line with policy guidelines
  • Monitor risk processes to ensure that the Bank meets its financial obligations and produces acceptable results and sustained operating margins as set out in strategic plans and budgets
  • Ensure continuous reconciliation of general ledger, control accounts, Bank accounts and provisions of monthly schedules
  • Manage proper and complete accounting of records in line with the Bank’s policies and procedures in a timely manner
  • Ensure preparation of monthly, quarterly and annual financial reports in accordance with IFRS, PFM Act and in line with provisions set out by relevant policies from Treasury
  • Ensure that all books of accounts are in balance and periodic closing of books of accounts are properly conducted
  • Co-ordinating external Audits-both statutory by KENAO/KRA covering Financial and System Audits and special Audits by any other Government Agency and provide required documents and schedules
  • Responsible for production of monthly, quarterly reports including Board reports, and The National Treasury reports
  • Resolving and implementing audit queries and recommendations.

Management accountant

Kenya Post Office Savings Bank
Nairobi
08.2011 - 09.2020
  • Preparation of timely Management and Board reports in line with the organizations standards
  • Preparation of quarterly Treasury reports and any other reports required by third party stakeholders
  • Preparation of annual accounts as per the International Financial Reporting standards, (IFRS)
  • Preparation and Maintenance of General Ledger
  • Management of accounts receivables in addition to maintaining good relationships with the firm’s clients
  • Management of accounts payables by ensuring that suppliers are paid within agreed terms
  • Preparing fixed asset schedule and adjusting for any additions, disposals and depreciation
  • Filing of tax returns and statutory reports and ensuring submission within the set deadlines
  • Preparation, planning and management of the overall organisations budget
  • Reviewing of internal controls, identifying weaknesses and providing recommendations to improve controls and other business processes
  • Preparation of audit files and responding to both internal and external audit queries
  • Supervision and appraisal of staff and managing workflows
  • In charge of departmental training and managing the training schedules.

Investment Accountant

Kenya Post Office Savings Bank
Nairobi
06.2010 - 07.2011
  • Cash management and preparation of cash management working papers
  • Investment portfolio management - Analysing investment opportunities and writing proposals for management decision making
  • Performing foreign exchange operations which include sale of foreign currency, analysis of forex exposure levels and tracking of exchange rates
  • Updating and reconciliation of the general ledger accounts related to investments
  • Acting as a liaison person between the branches, the bank and other external parties
  • Offering technical support for staff credit committee handling personal Development Loan Scheme
  • Supervision and appraisal of staff.

Regional Accountant

Kenya Post Office Savings Bank
Nairobi
11.2006 - 05.2010
  • Monitoring cash, Bank and control accounts on daily basis to ensure compliance by the regions branches
  • Assist in the monthly preparation of the General Ledger by providing input variables
  • Participate in budget preparation by providing the regions budgetary requirements
  • Preparation of payment vouchers and approval of the same
  • Bank reconciliations, payments in web-banking system and petty cash management
  • Preparation of Tax returns and VAT related issues
  • Preparation of monthly bank reconciliation and cash count
  • Preparation of audit files and responding to both internal and external audit queries
  • Supervision and appraisal of staff.

Accounts Officer

Kenya Post Office Savings Bank
Nairobi
03.2004 - 10.2006
  • Preparation of Payment Vouchers
  • Preparation and passing of journal entries
  • Reconciliation of general ledger accounts
  • Daily Cash monitoring and monthly Bank reconciliations
  • Updating the staff loans ledger and sub ledger accounts and reconciliation of the same
  • Preparation and management of the sectional budget
  • Responding to both internal and external audit queries.

Accounts Assistant

IQ PLUS
09.2003 - 02.2004
  • Preparation of customer invoices, Circularization of debtors and following up on due debtors
  • Management of accounts receivables in addition to maintaining good relationships with the firm’s clients
  • Management of accounts payables by ensuring that suppliers are paid within agreed terms
  • Preparation of cash reconciliations
  • Banking activities and bank reconciliations
  • Petty cash management
  • Coordinating social activities for the Finance team in and outside the department.

Education

Pursuing Chartered Financial Analyst Course (CFA), Level 2 -

Strathmore University
03.2024

Master’s in Business Administration (MBA) - Finance -

University of Nairobi
01.2008

Certified Public Accountant – CPA (K) -

Vision Institute of Professionals
01.2003

Bachelor of Commerce (Finance) – 2nd Class Hons (Upper) -

University of Nairobi
01.2002

Kenya Certificate of Secondary Education (K.C.S.E) -Mean Grade B -

Moi Girls High School - Eldoret
01.1996

Skills

  • Ms Access, Ms PowerPoint and Ms Outlook
  • Pastel, Great Plains Dynamics, FRX reporting tool
  • ENTERPRISING, HARD-WORKING AND TECHNICALLY SKILLED ACCOUNTANT Known for accuracy, attention to detail and timeliness in management accounting functions, budgeting processes and financial reporting functions
  • Accounting and Finance career spans twenty (20) years of experience Backed by solid credentials; Master’s in Business Administration (Finance), Bachelor of Commerce (Finance), Certified Public Accountant (K), a member of the Institute of Certified Public Accountants of Kenya (ICPAK) and proficiency in International Financial Reporting Standards (IFRS), generally accepted accounting practices (GAAP), MS Office and advanced excel
  • Proficiency in financial analysis- currently pursuing chartered financial analyst (CFA) course level II
  • Strategic Planning
  • Continuous Improvement
  • Performance Analysis
  • Budget Forecasting
  • Financial Management
  • Business Forecasting
  • Regulatory Compliance
  • Financial Modeling
  • Departmental oversight
  • KPI Management
  • Internal Controls
  • Financial Budgeting

Seminars Workshops Training Attended

  • Financial reporting-IFRS standards (ICPAK)
  • Project Management
  • Supervisory skills
  • Fraud Awareness Training
  • Balanced Score Card Training
  • Sales and marketing executive course & Customer Care Seminar

Other Responsibilities

  • Chairperson Supervisory Committee- Postbank Non DT SACCO (2010 to 2023)
  • Member Supervisory Committee-Postbank Housing Society (2016 to date)
  • Accountant-Provident Fund Committee-Kenya Post Office Savings Bank (2013 August 2022)
  • Member- Benevolent Fund Committee- Kenya Post Office Savings Bank (2018 to August 2022)

References

  • Benard Musyoki, Head Finance & Accounts, Kenya Post Office Savings Bank, P.O. Box 30311, Nairobi, 00100, 0722 858080, musyokiBM@postbank.co.ke
  • Charles Maina, General Manager, Child Welfare Society of Kenya, P.O. Box 43982, Nairobi, 00100, 0710 817828, mainacgitari@gmail.com
  • Margaret Kosgei, Lecturer, Department of Accounting and Finance, Kenyatta University, P.O. Box 29329, Nairobi, 00625, 0722 633971, makosbir@gmail.com

Hobbies and Interests

Reading Management, Accounts and Finance journals, Travelling, reading and swimming

Timeline

Finance Manager

Child Welfare Society of Kenya
08.2022 - Current

Acting Manager, Financial Reporting

Kenya Post Office Savings Bank
09.2020 - 08.2022

Management accountant

Kenya Post Office Savings Bank
08.2011 - 09.2020

Investment Accountant

Kenya Post Office Savings Bank
06.2010 - 07.2011

Regional Accountant

Kenya Post Office Savings Bank
11.2006 - 05.2010

Accounts Officer

Kenya Post Office Savings Bank
03.2004 - 10.2006

Accounts Assistant

IQ PLUS
09.2003 - 02.2004

Pursuing Chartered Financial Analyst Course (CFA), Level 2 -

Strathmore University

Master’s in Business Administration (MBA) - Finance -

University of Nairobi

Certified Public Accountant – CPA (K) -

Vision Institute of Professionals

Bachelor of Commerce (Finance) – 2nd Class Hons (Upper) -

University of Nairobi

Kenya Certificate of Secondary Education (K.C.S.E) -Mean Grade B -

Moi Girls High School - Eldoret

Similar Profiles

CREATE PROFILE
Lucy Boit