Research, Traveling, reading books, indoor games
Muthee Michael Munene
SENIOR FINANCE AND UNDERWRITING MANAGER
Summary
Personal Profile Proactive and skilled insurance and accounting professional, exceptionally well versed in documenting financial transactions and recommending financial actions by analyzing accounting options. I have 14 years of experience having worked in different positions and leadership capacities. I am competent in account reconciliation, risk analysis and management, accounts and financial report analysis, underwriting procedures, risk assessment, claims procedures. I am also competent in providing administrative support to ensure efficient operation of the office; I have a good understanding of financial management concepts, International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), and International Standards of Auditing (ISA). I am looking forward to joining an organization that has a winning culture built on a platform of integrity and a spirit of innovation.
Overview
15
15
years of professional experience
13
13
years of post-secondary education
2
2
Languages
Work History
Senior Finance and Underwriting Manager
Fast Target Insurance Agency Limited
03.2018 - Current
- Coordinated with internal stakeholders to initiate marketing strategies and meet market penetration and business growth objectives.
- Monitored underwriting teams performance and provided mentoring to achieve personal and department production goals.
- Evaluated debt ratio, loan-to-value ratios, credit scores property valuations and various other factors when making underwriting decisions.
- Met with customers, agents and brokers to negotiate coverage, price and service delivery.
- Identified portfolio risks resulting from client's underlying business practices, underwriting investigations or fraud exposure.
- Monitored underwriting teams' performance and provided mentoring to achieve personal and department production goals.
- Participated in continuous improvement by generating suggestions, engaging in problem-solving activities to support teamwork.
- Developed team communications and information for meetings.
- Completed paperwork, recognizing discrepancies and promptly addressing for resolution.
- Conducted research, gathered information from multiple sources and presented results.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Developed and implemented performance improvement strategies and plans to promote continuous improvement.
- Improved operations through consistent hard work and dedication.
- Worked within applicable standards, policies and regulatory guidelines to promote safe working environment.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
- Maintained responsive organization with sustained revenue growth through industry forecast monitoring and deliberate financial planning.
- Forecasted trends and recommended improvements based on financial risk analyses.
- Audited and reconciled payroll and distributions for personnel.
- Drove revenue stream development through strategic collaboration and partnerships.
- Created organizational structures to improve accounting and finance functions.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Reviewed documentation and identified financial discrepancies where applicable.
- Spearheaded expansion strategies to increase business market share.
- Supported operations management, sales and marketing efforts to increase revenue and overall financial health.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Researched and facilitated software integration to streamline accounting and financial processes.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
Accountant
Fast Target Insurance Agency Limited
03.2014 - 03.2016
- Created budgets and forecasts for management group to meet regular accounting deadlines.
- Gathered financial information, prepared documents and closed books.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Offered advice and direction to help clients better understand financial goals.
- Identified and investigated variances to optimize financial plans and forecasts.
- Modified comprehensive reporting to reflect changing financial structure.
- Improved data collection, financial analysis and financial modeling to optimize practices and retain customers.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating and cash and banking reconciliations.
- Tracked financial progress by creating quarterly and yearly balance sheets.
- Handled day-to-day accounting processes to drive financial accuracy.
Underwriting Manager
Fast Target Insurance Agency Limited
03.2016 - 03.2018
- Produced year-end summary report before January 10 for two consecutive years
- Managed a team of two account assistants and interns to ensure all deadlines were met on time
- Developed new spreadsheets to help produce the monthly management accounts much quicker, reducing the production time from two weeks to two days
- Processed and managed staff monthly payrolls for 3,000 staff members worth KES
- 800,000 by 25th day of the month for 5 consecutive months
- Responsibilities:
- Prepared asset, liability and capital account entries by compiling and analyzing account information
- Documented financial transactions by entering account information
- Maintained accounting controls by preparing and recommending policies and procedures
- Reconciled financial discrepancies by collecting and analyzing account information
- Provided input into the department's goal-setting process
- Prepared financial statements and produced budgets according to schedule
- Developed and documented business processes and accounting policies to maintain and strengthen internal controls
- Prepared and filled all statutory obligations and processed monthly payrolls within the company’s set deadlines
- Reviewed suppliers’ invoices, prepared payment vouchers, ensured timely authorization and preparation of cheques and proper and timely recording of the transactions in the specific ledgers
- Prepared management accounts, bank reconciliations and cashbooks, reconciled financial accounts, investigated all outstanding items in the suspense accounts, managed all petty cash transactions and ensured proper budgetary control
- Aided in resolving tax matters by ensuring adherence to all tax policies, maintaining accurate records on all transactions and advising the management of any new or amended tax act.
Underwriting Supervisor
Fast Target Insurance Agency Limited
03.2011 - 04.2014
- Managed and grew the underwriting portfolio by regularly exceeding sales targets by 20-50%
- Mentored new team member, teaching company policies and work practices that increased their productivity by 50% over two weeks
- Improved quality of department operations by implementing strategic process improvements.
- Liaised with sales and operations to facilitate communication and maximize workflow efficiency.
- Monitored underwriting teams performance and provided mentoring to achieve personal and department production goals.
- Developed and led team of 5 underwriters.
- Motivated employees to improve performance through hands-on leadership, monthly reviews and proactive improvement planning.
- Controlled loss by assessing risk, conducting system analysis and recommending policy solutions.
Underwriter
Fast Target Insurance Agency Limited
04.2009 - 03.2011
- Calculated group and individual renewal rates based on customers background, industry and demographic information.
- Analyzed credit, income, compliance, title documents and appraisals during underwriting process.
- Evaluated debt ratio, loan-to-value ratios, credit scores property valuations and various other factors when making underwriting decisions.
- Supported review, acceptance or denial of new or renewal business after carefully reviewing all information.
- Calculated group and individual renewal rates based on customers' background, industry and demographic information.
- Controlled loss by assessing risk, conducting system analysis and recommending policy solutions.
- Worked with customers to understand needs and provide excellent service.
Underwriting trainee
Fast Target Insurance Agency Limited
03.2008 - 03.2009
- Learned new skills and applied to daily tasks to improve efficiency and productivity.
- Participated in continuous improvement by generating suggestions, engaging in problem-solving activities to support teamwork.
- Handled over 100 calls per day to address customer inquiries and concerns.
- Onboarded new temps by entering employee information into systems.
- Worked with customers to understand needs and provide excellent service.
- Offered friendly and efficient service to customers, handled challenging situations with ease.
- Developed team communications and information for meetings.
- Delivered services to customer locations within specific timeframes.
- Met with customers, agents and brokers to negotiate coverage, price and service delivery.
Education
Bachelor of Commerce - Accounting
KCA University
09.2020 - 12.2022
Diploma AIIK - Insurance
College Of Insurance
01.2007 - 12.2009
Kenya Certificate of Secondary Education -
Nyahururu High School
01.2002 - 11.2005
Certified Public Accountant (CPA-K). -
Royal Business School
01.2015 - 05.2019
Skills
Quickbooks Accounting System
undefinedInterests
Timeline
Bachelor of Commerce - Accounting
KCA University
09.2020 - 12.2022
Senior Finance and Underwriting Manager
Fast Target Insurance Agency Limited
03.2018 - Current
Underwriting Manager
Fast Target Insurance Agency Limited
03.2016 - 03.2018
Certified Public Accountant (CPA-K). -
Royal Business School
01.2015 - 05.2019
Accountant
Fast Target Insurance Agency Limited
03.2014 - 03.2016
Underwriting Supervisor
Fast Target Insurance Agency Limited
03.2011 - 04.2014
Underwriter
Fast Target Insurance Agency Limited
04.2009 - 03.2011
Underwriting trainee
Fast Target Insurance Agency Limited
03.2008 - 03.2009
Diploma AIIK - Insurance
College Of Insurance
01.2007 - 12.2009
Kenya Certificate of Secondary Education -
Nyahururu High School
01.2002 - 11.2005
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