Summary
Overview
Work History
Education
Skills
Certification
Training
References
Networks And Memberships
Timeline
Generic

Nicholas Oyoo Bonyo

Nairobi

Summary

Chief Accountant with a proven track record at St John Ambulance of Kenya, delivering a 40% increase in financial efficiency through strategic budgeting and process improvements. Strong expertise in auditing and compliance, complemented by leadership skills in training teams to adhere to financial policies. Demonstrated ability to facilitate informed decision-making across organizations. Strategic Chief Accountant offering progressive experience in financial leadership settings. Motivating teams to top performance through mentoring, training and coaching to achieve company goals. Partnering with executive teams to provide financial insight into long-range business planning and decision making.

Overview

18
18
years of professional experience
1
1
Certification

Work History

Chief Accountant

St John Ambulance of Kenya
Nairobi
02.2023 - Current
  • Developed and implemented the organization's strategic and annual budgets in collaboration with the CEO and Board.
  • Conducted financial forecasting and variance analysis to inform strategic decision-making.
  • Ensured accuracy and compliance in financial transactions through Sage system management and reconciliations.
  • Streamlined accounting procedures, reducing month-end closing time by 20%.
  • Spearheaded the implementation of online banking and cashless systems, enhancing financial efficiency by 40%.
  • Conducted internal and external audits, achieving compliance and timely reporting.
  • Trained finance and non-finance staff on policies to improve organizational compliance.
  • Oversaw the preparation and submission of statutory returns, including PAYE, NHIF, NSSF, and VAT.
  • Supervised the reconciliation and management of travel advances and per diem payments.
  • Maintained relationships with banks and other financial stakeholders to optimize cash flow and credit facilities.

Senior Accountant

Research Triangle Institute (RTI)
05.2019 - 12.2022
  • Oversaw treasury operations across East African countries, ensuring liquidity and effective fund management.
  • Coordinated the budgeting process for USAID-funded projects, aligning activities with donor guidelines.
  • Developed consolidated financial forecasts and monitored variances to guide decision-making.
  • Reviewed and approved financial transactions, ensuring compliance with organizational policies and procedures.
  • Managed inter-country fund transfers and capital injections, optimizing cash availability.
  • Supervised the monthly reconciliation of bank accounts, advances, and other key financial records.
  • Provided remote and onsite support to country accountants, enhancing compliance with RTI and USAID regulations.
  • Ensured timely submission of accurate financial reports to donors and internal stakeholders.
  • Facilitated training for country finance staff on donor requirements and financial policies.
  • Collaborated with project leads to align financial reports with program goals and narrative summaries.

Senior Finance Officer

Drugs for Neglected Diseases Initiative (DNDi)
Nairobi
06.2016 - 04.2019
  • Cash flow management ensuring availability of cash to support the activities within the region. Managed regional cash flow, ensuring adherence to global treasury policies and timely fund allocation.
  • Reviewed partner financial reports for compliance and accuracy, strengthening donor relationships.
  • Designed and implemented ERP systems, improving data accuracy and reporting by 30%.
  • Conducted financial training for partners and staff, fostering compliance with donor and organizational policies.
  • Oversaw the preparation of financial statements and donor-specific reports, ensuring accuracy and transparency.
  • Managed payroll processing, including statutory deductions and multi-currency transactions.
  • Provided support for grant management, including budgeting, amendments, and compliance monitoring.
  • Conducted field visits to assess partner financial systems and provide capacity-building support.
  • Ensured adherence to internal controls and developed Standard Operating Procedures (SOPs).
  • Participated in internal and external audits, coordinating responses to audit queries and implementing recommendations.

Finance Officer

Drugs for Neglected Diseases Initiative (DNDi)
Nairobi
04.2014 - 05.2016
  • Captured all accounting data in Navision, ensuring compliance with financial policies.
  • Managed payroll processes, statutory deductions, and multi-currency petty cash systems.
  • Coordinated inventory management and supported regional audit preparations.
  • Oversaw the processing and reconciliation of travel advances and reimbursements.
  • Maintained accurate and up-to-date records of all financial transactions.
  • Conducted bank reconciliations and prepared monthly financial reports for management review.
  • Supported the development of budgets and financial forecasts in line with project goals.
  • Assisted in the design and implementation of financial controls and procedures.
  • Provided training to new finance team members on systems and policies.
  • Liaised with external auditors during annual audits, ensuring timely resolution of issues.

Finance Assistant

Drugs for Neglected Diseases Initiative (DNDi)
Nairobi
04.2009 - 03.2011
  • Posted of all accounting entries.
  • Ensured that accounting documents are validated appropriately before being posted.
  • Prepared payment documents and payments as directed by the Finance Manager.
  • Assisted in verification of site financial reports as directed by the Finance Manager.
  • In charge of filing all accounting and finance documents.
  • Managed petty cash as per set procedures, perform bank reconciliations and returns are remitted and filed as appropriate.
  • Inventory management for Nairobi office items.
  • Ensured all statutory deduct and payment thereof.

Accountant

Opportunity International
07.2007 - 03.2009
  • Managed financial records, reconciliations, and payments in accordance with organizational policies.
  • Prepared monthly financial statements and statutory deductions, ensuring compliance with tax regulations.
  • Conducted variance analysis for operational budgets, identifying cost-saving opportunities.
  • Processed payroll and maintained accurate employee records.
  • Managed cash disbursements, ensuring proper documentation and approvals.
  • Supported the preparation of financial reports for internal and external stakeholders.
  • Conducted physical verification of assets and updated the asset register.
  • Monitored accounts receivable and payable, ensuring timely collections and payments.
  • Prepared tax returns and liaised with tax authorities to resolve compliance issues.
  • Provided support during internal and external audits, ensuring availability of required documentation.

Education

Bachelor of Commerce - Finance Option

KCA University
Nairobi, Kenya
01.2014

Certified Public Accountant-Kenya (CPA-K) -

KASNEB
Nairobi, Kenya
01.2010

Certificate of Secondary Education -

Ring Secondary School
Kenya
01.1999

Skills

  • Financial analysis and donor funding
  • Leadership and training
  • Technical proficiency
  • Strategic planning
  • Auditing and compliance
  • Budget management and development
  • Compliance monitoring
  • Forecasting methods
  • Internal auditing
  • Team collaboration
  • Data reconciliation
  • ERP system expertise
  • Annual budget preparation
  • Payroll processing
  • Month-end closing

Certification

  • Ethics and Compliance Course, ICPAK, 04/23/18
  • ISO 9001-2015 Awareness Course, Hesco consultants, 04/26/18
  • ISO 9001-2015 Context of the Organization and Risk Assessment Course, Hesco consultants, 04/27/18
  • Global Program on Management and Leadership, University of Washington, 10/01/11
  • Monitoring and Evaluation Fundamentals Course, Global Health E-Learning Center, 04/19/11
  • Good Clinical Practice (GCP) Course, DNDi Nairobi, 05/10/11

Training

  • Annual NPO Financial Management Conference, ICPAK, 07/09/18 - 07/11/18
  • Annual Internal Audit Conference, ICPAK, 03/29/17 - 03/21/17
  • Forensic Fraud and Internal Control Workshop, ICPAK, 04/21/16 - 04/24/16
  • Tax Management Workshop for Public Benefit Organizations (PBO's), ICPAK

References

  • Dr. James Wanjangi, Chief Executive Officer, St John Ambulance Kenya, +254 (0) 714277005, james.wanjangi@stjohnkenya.org
  • Duncan Nyakaya, HR Manager, Drugs for Neglected Diseases Initiative, +254 (0) 727947372, dnyakaya@dndi.org
  • Fredrick Nyavanga, Finance Manager, VIBRI International, +254 (0) 728278298, fnyavanga@gmail.com

Networks And Memberships

  • Member of the Institute of Certified Public Accountants of Kenya (ICPAK)
  • Member of Chartered Institute of Development Finance (CIDEF)

Timeline

Chief Accountant

St John Ambulance of Kenya
02.2023 - Current

Senior Accountant

Research Triangle Institute (RTI)
05.2019 - 12.2022

Senior Finance Officer

Drugs for Neglected Diseases Initiative (DNDi)
06.2016 - 04.2019

Finance Officer

Drugs for Neglected Diseases Initiative (DNDi)
04.2014 - 05.2016

Finance Assistant

Drugs for Neglected Diseases Initiative (DNDi)
04.2009 - 03.2011

Accountant

Opportunity International
07.2007 - 03.2009

Bachelor of Commerce - Finance Option

KCA University

Certified Public Accountant-Kenya (CPA-K) -

KASNEB

Certificate of Secondary Education -

Ring Secondary School

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