Scolastica Kailanya

Work History

Kenya Union of Savings Credit and Cooperatives

01.2024 - 12.2024

Identified critical risk areas through targeted audits, resulting in the implementation of risk mitigation strategies that reduced exposure by 30%.
Developed and implemented a robust anti-fraud framework that reduced instances of fraud by 40%, improving overall financial security and trust within the organization.
Achieved a 98% compliance rate through continuous internal audits and training sessions, minimizing instances of regulatory penalties and enhancing operational integrity.
Successfully integrated quality management systems with digital tools like Microsoft Dynamics Navision, improving data accuracy, audit traceability, and overall decision-making processes.
Developed performance metrics for various processes, allowing for continuous monitoring and improvement, which enhanced operational efficiency across departments.
Fostered a culture of continuous improvement within the organization by implementing a system for tracking and monitoring corrective actions.
Contributed to continuous improvement efforts within the department by sharing best practices and offering constructive feedback on existing processes.
Maintained detailed records of completed audits for reference purposes, ensuring easy access to historical information when needed.
Participated in industry conferences and professional development opportunities to stay current with emerging trends and best practices within the field of internal auditing.

Kenya Union of Savings Credit and Cooperatives

06.2018 - 12.2023

Successfully integrated quality management systems with existing operational software, enhancing data accuracy, reporting, and decision-making capabilities for cooperatives.
Implemented quality management systems that optimized operational costs, achieving up to 20% savings by reducing process inefficiencies.
Identified and resolved over 95% of non-compliance issues within cooperatives, significantly reducing potential risks and enhancing regulatory adherence.
Reduced audit turnaround time by 30% through the implementation of streamlined auditing practices, resulting in faster compliance checks and actionable feedback.
Streamlined audit procedures through the implementation of data analytics tools, decreasing audit cycle time by 40% and increasing overall audit effectiveness.
Initiated a continuous improvement program across cooperatives, leading to a 25% increase in customer satisfaction and service delivery.
Conducted in-depth risk assessments across departments, developing strategies that mitigated potential risks and reduced operational risks by 30%.
Developed strong relationships with stakeholders to facilitate smooth communication and project completion.
Enhanced employee performance by providing regular feedback, coaching, and training opportunities.
Created and maintained a strong team culture that promoted high levels of collaboration, employee satisfaction, and overall performance.

Kenya Union of Savings Credit and Cooperatives

06.2015 - 05.2018

Prepared monthly journal entries and reconciliations.
Reconciled accounts and created documents for monthly closure procedures.
Reviewed documents and accounts for discrepancies and resolved variances.
Reconciled balance sheets and streamlined best practices for balance sheet processes.
Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
Updated general ledger with latest entries.
Completed year-end closing processes with controllers and external auditors.

Kenya Union of Savings Credit and Co-operatives

06.2012 - 05.2015

Identified and mitigated key financial and operational risks, reducing potential losses by 25% and enhancing overall risk management within the union.
Ensured adherence to regulatory standards and internal policies, resulting in a 95% compliance rate and minimizing regulatory penalties.
Conducted thorough audits that uncovered fraudulent activities, leading to corrective actions that saved KUSCCO significant amounts and improved internal controls.
Implemented audit recommendations that optimized financial and operational processes, leading to a 30% increase in efficiency across various departments.
Identified opportunities for cost reduction through expense audits, achieving up to 15% savings in operational costs for the organization.
Developed detailed and actionable audit reports that provided management with insights into areas of improvement, resulting in the implementation of over 80% of audit recommendations.
Established a continuous monitoring program for financial transactions, ensuring real-time detection of anomalies and improving overall financial oversight.
Assisted in the preparation of audit reports that clearly communicated findings and recommendations to key stakeholders.
Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthrough for compliance with documented processes.
Identified and reported audit issues.

Vetecos International

07.2010 - 05.2012

Efficiently managed account reconciliations, identifying and resolving discrepancies that led to a 25% improvement in financial statement accuracy.
Ensured compliance with regulations and accounting standards, leading to successful audits with no material findings and full regulatory compliance.
Managed and monitored the loan portfolio through Sage, improving loan tracking accuracy and reducing delinquent accounts by 15%.
Analyzed operational expenses and implemented cost-saving measures, leading to a 10% reduction in administrative costs while maintaining service quality.
Accurately prepared and filed tax returns through the Sage system, ensuring compliance with local tax regulations and minimizing tax liabilities.
Consistently prepared and delivered monthly, quarterly, and annual financial reports using Sage, ensuring accuracy and compliance with industry regulations and standards.