Newton Kipchumba

Key contributions

i. As the first accountant of the organization since its inception I have helped in streamlining the accounting processes by implementing an Accounting and Payroll system, ensuring accurate recording and generating of timely reports for action.

ii. Successful in running business operations by setting up Standard Operating Procedures(SOPs), ensuring efficiency while achieving the company goals and mission.

Responsibilities

• Enhance financial reporting accuracy by conducting detailed account reconciliations and analysis.
• Preparing monthly reconciliation of bank accounts and taking corrective actions on deviations.
• Optimizing resource allocation through effective budget management, resulting in reduced operational costs.
• Verifying compliance of financial policies and accounting procedures against government regulations,ensuring that the company is compliant.
• Keep up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
• Coordinating with the senior management to create operating budgets and initiate financial planning.
• Increased cash flow management efficiency, optimizing accounts receivable by following up on patients medical claims processing and payment by insurance companies.
• Training new employees on accounting principles and company procedures.
• Monitoring budget and revenue trends, compiling reports for company leadership to inform decision-making.

Audit Associate contributions

• Performed internal control testing procedures via walkthroughs and testing the operative effectiveness of controls using relevant samples to reach evidenced conclusions
• Performed analytical procedures on significant accounts and investigated all differences beyond expectations
• Prepared working papers, reports and supporting documentation for audit findings.
• Identified accounting and auditing issues and discussing with the senior auditor to resolve issues that arise.
• Assisted the seniors in reviewing and checking the financial statements and preparation of the audit report and management letter.
• Attended stock takes done by clients to observe the stock take procedures and carryout test checks to ascertain the completeness, accuracy, valuation, and existence of stock items

Accounting Associate duties

• Ensured statutory payments- VAT, NSSF, NHIF, withholding tax, and PAYE are processed and paid on time
• Followed up and coordinating the signing of cheques for Banking
• Liaised with government institutions such as Kenya Revenue Authority(KRA) and NSSF to ensure compliance with government regulations and standards.
• Prepared monthly management reports and bank reconciliation statements which led to timely data for decision making and planing.
• Maintained a high level of confidentiality and professionalism when handling sensitive financial information, promoting trust among clients and colleagues.
• Ensured daily updating of sales and purchase invoices into the accounting systems, including Account Masters, QuickBooks, Xero, and ZohoBooks.
• Prepared cheque payments and payment vouchers in compliance with financial policies and procedures.
• Filed financial documents in chronological order and ensured they are complete and available whenever needed for referral purposes.
• Ensured petty cash payments are accurately recorded and the necessary supporting documents are attached for transparency and accountability.

• Assisted in teaching subjects such as English and Mathematics
• Aided in running structured games and activities
• Assisted in cleaning classrooms and gardening
• Interacted with the staff and children to foster a sense of family and community