Summary
Overview
Work History
Education
Skills
Certification
Additional Information
Timeline
Generic
Patrick  Gitahi

Patrick Gitahi

Financial And Management Accounting Professional
P.O. Box 64490 Nairobi, Kenya

Summary

Background

Tech-Savvy Financial Management Professional adept at increasing work efficiency and profitability through functional and technical analysis. Possess 15+ years of experience in successfully optimizing frameworks and cultivating cohesive teams to meet and exceed business financial goals. Result-oriented and visionary leader with vast prowess in re-engineering financial reporting procedures and devising workflow optimization techniques that increase productivity, reduce costs, and maintain business integrity and service quality. Relishes at managing financial teams, allocating budgets, completing financial reports and statements and conducting financial forecasts. Successful at advising multi-billion corporations, small businesses and individual clients. Deciphered a reduction in the number of personnel at Kenya Revenue Authority in the expenditure unit by 40%, financial reporting unit by 60% and budgets section by 70%, translating to increased revenue generation for the organization.

Career Highlights

  • Successfully implemented SAP, an Enterprise Resource Planning (ERP) for all the financial processes, controlling and funds management processes at Kenya Revenue Authority as the lead component leader.
  • Full automation of a completely manual process in the finance department to a total "paperless" process.
  • Allocation of outstanding audit issues to team members and contracting the same through the use of performance contracts. Reduced the time required to process payment documents in the expenditure section from 10 to 12days to less than 4 days.
  • Orchestrated automation of the financial reporting unit, resulting in a reduction of the annual reporting period by 1 month and the quarterly reporting period reduced from 26 days to the current 3 days.

Professional Strengths:

  • Professionalism and Integrity: Holds deep knowledge of administrative, budgetary, financial and human resources policies and procedures and keenly applies various administrative rules and regulations in all work.
  • Internal Procedures Compliance: Apt in identifying non-compliance issues, enforcing adherence to regulations, liaising with key stakeholders and providing guidance whilst providing open reporting channels.
  • Risk Identification and Mitigation: Transformational leader and astute risk manager with a proven track record of performance in managing diverse regulatory environments in the financial sector.
  • Business Strategy: Plans and manages multimillion-dollar projects aligning business goals with financial solutions to provide process improvements, competitive advantage and bottom-line gains.
  • Fervent Team Player: Possess top-notch people capacity to handle a diverse set of segregated multicultural teams and clientele base, to provide a holistic reliable, and unbiased support base.

Overview

23
23
years of professional experience
11
11
years of post-secondary education
2
2
Certifications

Work History

Manager, Financial Reporting & Expenditure

Kenya Revenue Authority
Nairobi
11.2015 - Current
  • Preparation of the Authority's financial statements in compliance with International Public Sector Accounting Standards (IPSAS) and International Financial Reporting Standards (IFRS).
  • Team leader in the implementation, review and monitoring of SAP - ERP (Finance and Controlling Modules) to ensure adherence to IPSAS and IFRS developments and deployments.
  • Providing strategic direction over financial reporting and development of financial risk management within the expenditure and general ledger sections of the finance division and alignment of the same to established risk appetite threshold of the Authority.
  • Spearheading policy formulation and review in Financial Reporting and Expenditure sections to strengthen Internal Controls by monitoring the adequacy and integrity of the financial systems and procedures.
  • Supervising Financial Reporting and Expenditure sections to ensure effective and efficient execution of policy directives within the sections to ensure that financial transactions are completely and accurately recorded in a timely manner in compliance with Internal financial regulations and rules and applicable accounting standards and policies.
  • Liaison with Internal Auditors and External Auditors for the interim and annual statutory audits in compliance with statutory requirements.
  • Monitoring and reviewing the correctness of the Authority's Fixed Assets Register (app. value - $ 262 Million) and making corrective proposals to management where risks and inaccuracies are identified.
  • Review and update financial manuals and works procedures and ensure identified gaps are continuously addressed by changes to the manuals or changes to the work procedures.
  • Liaising and reviewing the financial reports for development partners (World Bank-funded projects and other external donor).
  • Coordinating Risk Management and Business Continuity Management procedures in Financial Reporting and Expenditure sections, identifying areas of weakness, evaluating redundancies and providing management with detailed possible solutions for the areas of shortcoming.
  • Providing leadership, technical, and operation support not only to management but also to staff members of ten (10) direct reportees at the headquarters level and at the regional offices (in excess of 25 indirect reportees) on related financial matters.
  • Performance contracting and development of Key Performance Indicators to enable the development, establishment and monitoring of work plans and review staff performance to ensure that established goals and objectives are achieved through in the Financial Reporting and Expenditure sections of the Finance Division.
  • Conducting of period systems (accounting) appraisal and review with the aim of ensuring not only application but also interpretation of generally accepted accounting and financial rules, regulations, procedures and policies.
  • Leading, mentoring, developing and retaining a talented team through managing work allocation, training, problem resolution to build an effective team dynamic.
  • Initiating approver of payment vouchers of $ 2,000 and above.
  • Authority's Cheque signatory.

Assistant Manager – Financial Reporting

Kenya Revenue Authority
Nairobi
03.2008 - 10.2015
  • participated in the preparation of the the Authority's financial statements in compliance with International Financial Reporting Standards (IFRS) and also International Public Sector Accounting Standards (IPSAS).
  • Supervised the Financial Reporting section to ensure effective and efficient execution of policy directives with the section.
  • Participated in completion of the interim and annual statutory audits for both internal and external purposes
  • Maintained, processed, validated, recorded, reviewed, analyzed and reconciled accounting entries, data and balances relating to the Authority's financial transactions.
  • Approval of payment vouchers to the prescribed limits (<$2,000).
  • Led evaluation for staff within the financial reporting section.
  • Coordinated of Risk Management and BCM procedures in the financial reporting section.
  • Facilitated a proper filing system to ensure that all financial documentation support the organization's reports and end of period reports.

Accountant

Kenya Revenue Authority
Nairobi
01.2001 - 02.2008
  • Augmented the capture of all expenditures at the regional offices for consolidation purposes.
  • Optimized a proper filing system to ensure that all financial documentation support the organization's reports and end of period reports.
  • Participated in policy formulation and review in the general ledger section with the aim of strengthening internal controls and other measures in all the Customs offices in the country.
  • Championed reconciliation of monthly and quarterly accounts for the Authority.

Education

Master of Arts - Public Policy Management

Strathmore University
Nairobi, Kenya
01.2020 - Current

MBA - Strategic Management

University of Nairobi
Nairobi, Kenya
01.2008 - 12.2011

Bachelor of Arts - Economics & Sociology

University of Nairobi
Nairobi, Kenya
02.1996 - 11.1999

Skills

    Staff Management

undefined

Certification

Certified Public Accountant Kenya (CPA-K)

Additional Information

  • -AWARDS , Recognized by KRA management as a subject matter expert in automated financial reporting systems
  • Recognized by KRA management for innovative processes.
  • Transitioned the Authority's financial report from "Qualified Reports" to "Unqualified Reports” by the Auditor General's office - Kenya.

Timeline

Master of Arts - Public Policy Management

Strathmore University
01.2020 - Current

Manager, Financial Reporting & Expenditure

Kenya Revenue Authority
11.2015 - Current

Assistant Manager – Financial Reporting

Kenya Revenue Authority
03.2008 - 10.2015

MBA - Strategic Management

University of Nairobi
01.2008 - 12.2011

Certified Public Accountant Kenya (CPA-K)

11-2003

Accountant

Kenya Revenue Authority
01.2001 - 02.2008

Bachelor of Arts - Economics & Sociology

University of Nairobi
02.1996 - 11.1999
Patrick Gitahi Financial And Management Accounting Professional