Timothy Musyoka
Finance Controller
Machakos,Kangundo
Summary
Accomplished Resort Finance Controller at Masai Mara Sopa Lodge Ltd, adept in variance analysis and fostering team growth. Streamlined financial processes, enhanced reporting accuracy by 30%, and strengthened internal controls. Skilled in strategic planning and executive leadership advisement, I drive profitability and informed decision-making across organizations. Managed to achieve a Gross margin ratio of 47% in 2024 and currently 45% target goal being 40%. Finance professional with strong analytical skills and proven ability to drive financial efficiency. Skilled in financial reporting, budgeting, and strategic planning, with focus on team collaboration and achieving results. Adept at adapting to changing needs, fostering reliable partnerships, and supporting organizational goals through precise financial management and strategic oversight.
Overview
5
5
years of professional experience
6
6
years of post-secondary education
Work History
Resort Finance Controller
Masai Mara Sopa Lodge Ltd
Nakuru, Nakuru District
08.2016 - Current
- Streamlined accounts payable and receivable processes for improved efficiency, resulting in reduced outstanding debts and increased cash flow availability.
- Managed a team of finance professionals, fostering an environment of continuous improvement and professional growth.
- Developed and maintained strong relationships with banks, investors, and other financial partners to ensure optimal financing options.
- Optimized inventory management practices using advanced analytics tools for better demand forecasting and stock level optimization.
- Oversaw preparation of annual budgets, providing accurate financial guidance for key business decisions.
- Evaluated investment opportunities using comprehensive financial modeling techniques to maximize returns on invested capital while minimizing risks associated with the investments made.
- Implemented robust internal controls to mitigate risks and ensure compliance with regulatory requirements.
- Increased profitability, optimizing cost control measures, and expense reduction initiatives.
- Enhanced cash flow management with proactive forecasting and budgeting strategies.
- Conducted thorough risk assessments to identify potential areas of concern in company operations, providing actionable insights for risk mitigation efforts.
- Collaborated with cross-functional teams to improve overall business performance through strategic financial analysis and recommendations.
- Simplified complex financial data for non-finance stakeholders, enabling informed decision-making across the organization.
- Reduced month-end closing time by implementing efficient reconciliation processes and procedures.
- Managed budgets, assets, portfolios, accounts payable, and receivable and general financial reporting procedures.
- Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.
- Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.
- Worked with Hods and head office executives to create annual budget and track actual expenses against projected expenses.
- Managed daily financial functions in collaboration with accounting and payroll personnel.
- Enhanced quality and currency of financial information by overseeing revenue collection systems.
- Improved financial reporting accuracy by streamlining and automating data processing tasks.
Accountant
Kusyombunguo Hotels Ltd
Makueni, Makueni District
04.2016 - 07.2016
- Handled day-to-day accounting processes to drive financial accuracy.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Gathered financial information, prepared documents, and closed books.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Managed cash flow effectively, ensuring all company liabilities were met in a timely manner and surplus funds were invested wisely.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Prepared and filed tax forms to meet needs of customers.
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
- Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks.
- Enhanced financial decision-making capabilities by providing timely, accurate information to management through regular performance reports.
- Streamlined monthly financial reporting processes, significantly reducing time required for report generation and analysis.
- Played key role in financial planning and analysis, contributing to company's long-term financial strategy.
- Contributed to enhanced revenue growth by analyzing revenue streams and identifying underperforming areas.
- Reduced financial risks by implementing robust internal controls and monitoring mechanisms.
- Facilitated smoother audit processes by maintaining organized and comprehensive financial documentation.
- Reduced outstanding accounts receivable by developing and enforcing stricter credit control policies.
- Supported strategic decision-making by providing accurate and timely financial reports to executive management.
- Enhanced financial accuracy by meticulously reconciling bank statements and financial records monthly.
- Improved budget forecasting accuracy with detailed variance analysis between actual and budgeted figures.
- Conducted detailed cost-benefit analyses for proposed projects, guiding senior management in making informed investment decisions.
- Collected and reported monthly expense variances and explanations.
- Maintained integrity of general ledger and chart of accounts.
- Trained new employees on accounting principles and company procedures.
F&B Controller
Tea Tot Hotel
01.2016 - 03.2016
- Enhanced inventory accuracy by implementing a comprehensive tracking system for F&B items.
- Worked with finance department to prepare quarterly and annual schedules.
- Maintained a thorough understanding of industry best practices in order to continually enhance the effectiveness of the F&B control function.
- Utilized Microsoft Excel functions, graphs and pivot tables to summarize information.
- Conducted regular audits of F&B operations, identifying areas for improvement and implementing appropriate corrective actions.
- Supported executive management team by providing timely and accurate financial reports on F&B performance metrics.
- Liaised and communicated with restaurant staff on stock reconciliation results.
- Reduced food waste through meticulous monitoring of expiration dates and proper storage techniques.
- Optimized inventory turnover rates through strategic ordering practices and close collaboration with kitchen staff.
- Analyzed sales data to forecast future demand, ensuring optimal stock levels for all F&B items.
- Implemented strict quality control measures, maintaining the highest standards of food safety and hygiene.
- Assisted in menu pricing decisions by analyzing ingredient costs and competitor offerings.
- Collaborated with culinary team to develop menus that optimized ingredient utilization and minimized waste.
Education
Certified Public Accountant -
Machakos University
Machakos 06.2011 - 11.2016
Some College (No Degree) - Computerized Accounting And Packages.
Simecor Training Institute
Machakos, Machakos District, Kenya 02.2013 - 06.2013
Skills
Accomplishments
- Introduced accounting procedures and stronger financial controls to improve financial reporting 30%
- Exceeded 2024 Net profit goals by 19%.
- Come up with Cost control programe to oversee cost management achieving 23% Operation cost Reduction.
Timeline
Resort Finance Controller
Masai Mara Sopa Lodge Ltd
08.2016 - Current
Accountant
Kusyombunguo Hotels Ltd
04.2016 - 07.2016
F&B Controller
Tea Tot Hotel
01.2016 - 03.2016
Some College (No Degree) - Computerized Accounting And Packages.
Simecor Training Institute
02.2013 - 06.2013
Certified Public Accountant -
Machakos University
06.2011 - 11.2016
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