Mentor at Kakenya Centre of Excellence (June 2015-present)
Rosemary Kinuthia
Senior Regional Group Internal Auditor
Nairobi,Kenya
Summary
A Certified Public Accountant of Kenya with 8+ years of experience driving impact in enterprise risk management, minimization of internal controls deficiencies, increase the efficiency of financial operations, and effectiveness of corporate governance structures. Known for setting clear goals, developing winning strategies, and driving accurate actions, resulting in world-class risk management practices and operational excellence.
Overview
9
9
years of professional experience
8
8
years of post-secondary education
3
3
Languages
Work History
Senior Regional Internal Auditor
Jumia Group
05.2019 - Current
- Improved business continuity planning and minimized overall enterprise risks by developing annual risk assessments in 14 countries covering: governance structures, cyber security, finance and reporting.
- Prepared impactful annual audit plans covering at least 12 projects and internal controls and key processes from 14 countries.
- Minimized control risks, reputational damage and reduced operational costs by Kshs ~ 67m, by recommending improvements to significant processes (internal controls over financial reporting, logistics, warehouse, customer relations management.
- Successfully investigated conflict of interest and fraud allegations resulting in loss reductions exceeding Ksh 35m.
- Ensured that management adopted at least 95% of all recommendations by writing impactful audit reports and risk audit committee summaries.
- Monitored and maintained 93% implementation rate of all recommendations within initial timelines provided by management and fast-tracked monthly, recommendations that stalled due to circumstances beyond managements’ control.
- Trained employees across 14 countries on management and reporting channels for anti-bribery, corruption, money laundering, work place safety, gifts and entertainments, conflict of interest practices.
- Created 13 risk control registers, including relevant work plans, covering key processes in 14 countries of operations.
Audit Senior
KPMG Kenya
04.2015 - 04.2019
- Resource planning covering at least 10 audit projects in a year, including annual audit plans, risk assessments and project budgets.
- Maintained client retention of 90% by efficient communication with accurate identification of key risk areas, efficient management of audit project within timelines, issuance of fact-based audit reports.
- Identified key control deficiencies and misstatements and recommended process improvements and audit adjustments.
- Proactively engaged clients' senior management for adoption of all audit adjustments and process recommendations before sign-off of audit opinions by engagement partners.
- Successfully investigated conflict of interest and fraud allegations resulting in loss reductions exceeding KSH 35m recommendations and other significant
- Engage board audit committees and board of directors in meetings to present audit findings and recommendations
- Built super team of associates, whose performance excelled beyond their peers and took senior roles reserved for seasoned professionals
- On-the-job training to 17 audit associates & trained 105 audit staff on selected International Financial Reporting Standard (IFRS).
Bank Operations Officer
Equity Bank Limited
Nairobi, Kenya
05.2011 - 12.2013
- Process transactions amounting to Kshs ~ 137m daily via bank deposits, withdrawals, transfers, and cash advances, receiving loan payments, and cashing checks
- Supervised 6 tellers on the daily cash balancing process and reviewed their cash reports showing the basis of accounting for cash assigned, received, and disbursed
- Maintenance of 159 customer bank accounts monthly including, dormant account activation, opening, and closing of bank accounts, executing bank instructions e.g., change of signing mandates, and standing orders
- Facilitated bank compliance to the Central Bank's anti-money laundering guidelines by ensuring customers provided relevant supporting documents before the withdrawal of funds under the inquiry
- Actively contribute to the bank’s business goals, by cross-selling 5 products in a week.
Education
Masters of Science - Finance
Kenyatta University
Nairobi 01.2022 - Current
Bachelor of Commerce - Insurance & Risk Management
University of Nairobi
01.2011 - 01.2015
Self-study Certified Public Accountant (K) ICPAK Certification - Accounting And Finance
Self-study
Nairobi 01.2012 - 01.2013
Kenya Certificate of Secondary Education - KCSE Certification
Starehe Girls
Nairobi 01.2006 - 01.2009
Skills
Audit planning and execution
Internal Controls Audit
Risk assessment
Business process review
Compliance reviews
Stakeholder management
Internal management experience
Report writing
Training and development
Interests
Creating awareness on rural reproductive health – March 2013 - present
Most porud of
- Worked with a team of 4 individuals to design the internal audit department for the biggest E-commerce company in Africa, including preparation of organizational charts, policies, operational manuals, 5-year roadmap.
- Assisted an organization to procure financial services licenses from Central Banks in 4 countries. Achieved by advocating for robust risk control systems to automate Know Your Customer (KYC) procedures and transaction monitoring via sanctions against financial crime, political exposure risks.
- Facilitated the efficiency of the end-month financial closure processes by implementing an automated continuous audit dashboard to track financial KPIs, such as cash collection, adequacy of provisions, recoverability of accounts receivables, aging analyses, manual journals, etc.
- Saved an organization Kshs ~35m, by identifying multiple instances of conflict of interest among employees and third parties, to exploit loopholes in the payment processes to either invoice amounts exceeding the services offered, inflate prices, deliver of substandard goods.
- Management successful migration of internal audit system from Protiviti to Audit Board across 14 countries, including training of 213 stakeholders.
- Built a super team of associates, whose performance excelled beyond their peers and took senior roles reserved for seasoned professionals. In fact, 4 of these were seconded to member firms in USA and Europe.
Timeline
Masters of Science - Finance
Kenyatta University
01.2022 - Current
Senior Regional Internal Auditor
Jumia Group
05.2019 - Current
Audit Senior
KPMG Kenya
04.2015 - 04.2019
Self-study Certified Public Accountant (K) ICPAK Certification - Accounting And Finance
Self-study
01.2012 - 01.2013
Bank Operations Officer
Equity Bank Limited
05.2011 - 12.2013
Bachelor of Commerce - Insurance & Risk Management
University of Nairobi
01.2011 - 01.2015
Kenya Certificate of Secondary Education - KCSE Certification
Starehe Girls
01.2006 - 01.2009