WINFRED AKOTH OUMA
Senior Officer, Corporate Planning
NAIROBI
Summary
Senior Finance and Reporting Professional with over 18 years of progressive experience in financial management, budgeting, financial reporting, programme financial oversight, treasury management, investment management, internal controls, audit coordination and strategic planning. Extensive experience supporting executive management through budget preparation, financial analysis, cash flow forecasting, variance analysis, project financial reporting, risk management and compliance with financial policies and regulatory requirements. Proven ability to coordinate complex budgeting processes, prepare high-quality financial and management reports, monitor budget implementation, strengthen internal controls, support audits, oversee payroll compliance, manage ERP systems and collaborate with multidisciplinary stakeholders to deliver organizational objectives. CPA-K professional, a member in good standing of ICPAK, with an MBA in Strategic Management (Awaiting Award) with substantial experience within a United Nations affiliated financial institution.
Overview
21
21
years of professional experience
Work History
Senior Officer, Corporate Planning
UNITED NATIONS SACCO
12.2021 - Current
- Responsibilities:
- Financial Planning, Budgeting and Forecasting
- Lead the annual budgeting process, including preparation of comprehensive budgets, projected financial statements, cash flow forecasts, and supporting schedules for management approval.
- Partner with departmental heads and senior management to align annual work plans and resource allocation with strategic priorities and organizational objectives.
- Drive continuous improvement of budgeting and planning processes through annual reviews and stakeholder engagement.
- Treasury, Investments and Financial Management
- Manage organizational liquidity and investment portfolios, ensuring optimal allocation of funds across fixed deposits, call deposits, treasury bills, treasury bonds, and equity investments while maintaining acceptable risk levels.
- Conduct investment analysis and market research to support Investment Committee decisions and maximize returns on surplus funds.
- Monitor investment performance, maintain investment accounting records, prepare investment reconciliations, and ensure compliance with investment agreements.
- Manage relationships with banks, fund managers, and other financial institutions to support investment execution and treasury operations.
- Financial Reporting and Performance Analysis
- Prepare and present monthly management reports, strategic performance reports, investment reports, and executive dashboards to support informed decision-making.
- Conduct Budget versus Actual (BvA) analysis, identify performance variances, and recommend corrective actions to management.
- Review audited financial statements and ensure accuracy, completeness, and compliance before final approval.
- Prepare reconciliations, schedules, audit documentation, and management reports while maintaining high standards of financial integrity and transparency.
- Strategic Planning, Monitoring and Impact Reporting
- Play a key role in the development and implementation of the organization's long-term strategic plans and annual business plans.
- Develop financial projections and scenario analyses to support strategic planning and organizational sustainability.
- Prepared periodic CSR performance reports, highlighting project milestones, achievements, challenges, lessons learned, and recommendations for management and Board review.
- Establish and monitor key performance indicators (KPIs) and performance measurement frameworks to track achievement of strategic objectives.
- Lead monitoring and evaluation activities, identifying risks, performance gaps, and opportunities for operational improvement.
- Provide strategic advisory support to management on organizational performance, resource optimization, and business process improvement initiatives
- Maintained and monitored organizational risk registers, tracking key strategic, operational, financial, and compliance risks and reporting mitigation actions to management and Board committees.
- Coordinated enterprise-wide risk assessments and supported risk owners in identifying, evaluating, and mitigating emerging risks.
- Developed risk dashboards and performance reports to support management oversight and informed decision-making.
- Monitored implementation of agreed mitigation actions and escalated unresolved risks for management attention.
- Systems, Governance and Process Improvement
- Develop and maintain planning policies, procedures, templates, and standard operating procedures to strengthen governance and accountability.
- Champion continuous process improvement initiatives through analysis of operational performance and identification of efficiency opportunities.
- Support ERP optimization initiatives, ensuring effective utilization of financial and performance management systems.
- Facilitate communication and alignment of strategic objectives across departments through performance reviews and stakeholder engagement.
- Achievements
- Led the successful migration from Navision to Dynamics 365 Business Central and provided strategic input into system design and implementation.
- Developed the investment management and budgeting modules within Dynamics 365 Business Central.
Acting Head of Finance and Administration
UNITED NATIONS SACCO
11.2020 - 11.2021
- Responsibilities:
- Financial Leadership and Reporting
- Led the Finance and Administration function, providing strategic oversight of financial management, budgeting, treasury, accounting, payroll, procurement, and administrative operations.
- Directed the preparation and presentation of monthly, quarterly, and annual financial reports, including Budget vs Actual (BvA) analysis, forecasts, and management commentary for senior management and the Board.
- Oversaw the preparation of annual financial statements and ensured timely and accurate financial reporting in compliance with IFRS and SACCO regulatory requirements.
- Developed long-term financial plans, forecasts, and financial models to support strategic decision-making and organizational growth.
- Budgeting, Treasury and Investment Management
- Led the annual budgeting process from development through Board approval, ensuring alignment with strategic objectives and operational priorities.
- Managed organizational liquidity, cash flow, and investment portfolios, optimizing returns through treasury bills, treasury bonds, fixed deposits, and other approved investment instruments.
- Conducted investment analysis and market assessments to support Investment Committee decisions and portfolio optimization.
- Designed and implemented budgeting tools and templates to strengthen planning, monitoring, and reporting processes.
- Governance, Audit and Compliance
- Strengthened internal controls and financial governance frameworks to safeguard organizational assets and enhance accountability.
- Coordinated internal and external audits, ensuring timely resolution of audit findings and maintaining strong compliance standards.
- Ensured statutory compliance with regulatory, tax, and financial reporting requirements.
- Oversaw accurate recording of all financial transactions within the ERP system and maintained the integrity of financial data.
- Oversaw organizational compliance with regulatory, statutory, governance, and internal policy requirements.
- Monitored implementation of audit recommendations and internal control improvements to strengthen risk management and accountability frameworks.
- Leadership and Operational Management
- Led, mentored, and developed the Finance and Administration team, fostering a culture of accountability, collaboration, and continuous improvement.
- Served as a key advisor to the Chief Executive Officer and Board on financial, investment, operational, and strategic matters.
- Directed procurement, vendor management, payroll administration, asset management, and administrative functions to ensure operational efficiency and value for money.
- Supported recruitment, onboarding, performance management, and workforce planning initiatives.
- Strategic Planning and Performance Management
- Provided financial leadership in the development and implementation of the organization's strategic and annual business plans.
- Monitored key performance indicators (KPIs), conducted variance analysis, and recommended corrective actions to improve operational and financial performance.
- Developed management reporting enhancements and analytical tools to support evidence-based decision-making.
- Achievements
- Contributed to the organization receiving the Financial Reporting (FiRe) Awards 2021 – 1st Runner-Up in the SACCO Category.
- Strengthened internal controls, risk management practices, and financial accountability across the organization.
- Introduced five-year historical financial trend analysis into Board and Committee reporting, enhancing strategic oversight and decision-making.
- Successfully led the organization's first virtual Annual General Meeting (AGM).
- Reduced administration and operating expenses by 3.5% while supporting 6.8% revenue growth.
- Improved member service delivery, contributing to 6.8% growth in member deposits and 3.8% growth in share capital.
- Supported the review of organizational policies and the 2018–2022 Strategic Plan, strengthening risk management and organizational resilience.
Finance Officer
UNITED NATIONS SACCO
03.2013 - 10.2020
- Responsibilities:
- Prepared monthly, quarterly, and annual financial reports with variance analysis accompanied by commentary on the organization performance in comparison to previous period’s performance as well as variances from the budget.
- Prepared accurate monthly management reports, identifying variances between actual performance and strategic plan goals with focus on performance variances.
- Responsible for preparation and maintenance of organization’s investments register and ensured that the income received from these investments is accurate.
- Monitored financial instruments performances with emphasis on their investment terms.
- Maintained compliance monitoring processes and coordinated timely resolution of audit findings and control weaknesses.
- Supported implementation of IFRS 9 risk assessment methodologies and related governance requirements.
- Prepared Bank Reconciliations ensuring timely resolution of the reconciling items.
- Maintained the Fixed Asset register.
- Prepared weekly, monthly, and quarterly cash flow projections.
- I was responsible for loans verification and posting.
- Verified creditors’ documents and achieved timely payment of suppliers while ensuring that taxation regulations are adhered to.
- I prepared general Ledger reconciliations while maintaining clear schedules.
- Handled investment of excess liquidity in financial instruments upon approval.
- Prepared, with an emphasis on accuracy and submission on timely basis of SASRA returns.
- Handled month-end journals, accruals, prepayments, provisions, amortization, and depreciation of assets.
- Inputting accurately Citi direct transfers into the system for online transmission of funds.
- Conducted checks of petty cash and cash accounts.
- I performed the Closing and opening of financial year in the ERP system.
- Prepared internal and external Audit schedules and liaised with auditors during audits.
- Prepared and filed corporate tax to Kenya revenue Authority.
- Managed payroll processes and ensured accurate and timely payment of employees.
- Prepared and submitted PAYE, withholding tax, excise duty, and other statutory returns.
- I handled Payroll management, ensuring that staff are paid accurately, on time, and in compliance with all legal and organizational requirements, filing and submitting monthly statutory deductions on time.
- I participated actively on dividend and interest on deposits generation and payments to shareholders at financial year end.
- Achievements
- I pioneered the automation in the maintenance of Fixed Assets register in the Navision System.
- I resolved issues concerning reconciliation between the accounts listings and General Ledger balances in Navision system.
- Resolved historical taxation issues with Kenya Revenue Authority on recorded credits matters.
- I held the position of Head of Finance and Administration in an acting capacity for a period of one year in the absence of bearer of the office.
- As part of additional duties, I prepared and filed returns online via KRA itax for withholding tax, excise duty, Pay as you earn (PAYE) taxes and made payments to KRA.
- I was actively involved with the preparation of the IFRS 9 model and its implementation.
- Participated in the development of the organization’s various policies.
- As part of additional duties, I drafted contracts between the organization and suppliers and prepared all Local Purchase orders, which are functions of the Procurement office.
- I participated in the development and implementation of ERP system change over from Navision system to Dynamics 365 Business central system.
- Gained experience working with IDEA (Interactive Data Extraction and Analysis) audit software to analyze large volumes of data efficiently and accurately to detect errors, fraud, control weaknesses, and compliance issues. I pioneered the use of this software for ATM reconciliations.
Revenue Accountant
HILTON NAIROBI
05.2008 - 03.2013
- Responsibilities:
- Reviewed all Revenue Accounts and Reimbursements.
- I performed daily updating of the revenue, catering levy, service charge and VAT taxes ledgers.
- Reviewed Night Auditors’ reports and provided feedback on the same.
- Performed frequent training of night auditors on matters revenue reporting.
- Set targets for the night auditors and performed their end year performance appraisals.
- Reconciled all clearance revenue general ledger accounts.
- Ensured all financial documentation is properly filed in clear sections with supporting vouchers.
- I was responsible for service charge computations and payments to non-management staff.
- Prepared daily revenue status report for use by the Finance Director.
- Responsible for computation of Value Added Tax and Catering Levy and filing returns to Kenya Revenue Authority and the Tourism fund respectively.
- Prepared Audit schedules and liaised with both external and internal auditors during audits.
- Achievements
- I ensured that VAT-3 and Imported services taxes-VAT-7 returns were remitted through Kenya Revenue Authority On-line services on a timely basis and resolved pending VAT matters with KRA.
- I successfully ensured that all revenue is captured in the SUN system by coming up with checks on balances for the revenues reported.
- I performed Bank reconciliations as part of my additional duties.
- I led the team that participated in the changeover system from FIDELIO to OPERA system on revenue related ledgers.
Assistant Internal Auditor
HILTON NAIROBI
07.2006 - 05.2008
- Responsibilities:
- Performed Internal Audit tests and procedures as outlined by the daily, weekly and monthly checklists in the Internal Audit function.
- Performed surprise, month end and financial year end cash counts for all cashiers in different outlets.
- Prepared internal Audit reports regarding adherence to the Internal controls put in place and discussing them at functional levels.
- Enforced Internal Audit controls to ensure that internal controls put in place are adhered to by respective departments.
- Developed internal audit strategies, policies and manuals detailing internal audit procedures.
- Assisted in developing, implementing and reviewing the internal audit charter.
- Assisted in developing internal audit workplan and Budget for each financial year.
- Participated in the development and monitoring of key risk indicators (KRIs) mapped to various risks to determine elevations in risk and proactively implement risk mitigation measures.
- Reviewed the organization’s operations to ensure they meet all regulatory requirements set under the tourism regulatory authority guidelines.
- Performed ad-hoc reviews and investigations into suspected irregularities and report the same to the Head of Internal Audit.
- Conducted risk assessments for proposed and existing products.
- Held opening and closing meetings with external auditors.
- Achievements
- Successfully identified weaknesses and infeasible areas in our internal controls and developed effective corrective action plans.
- I gained experience in working with SUN and FIDELIO systems.
Intern
KENYA ELECTRICITY AND GENERATING CO. LTD
01.2006 - 05.2006
- Responsibilities:
- Participated in preparation of annual budgets, ensuring appropriate project numbers, fund codes and accounting codes are allocated to documents; Monitoring of expenditure against budgets and initiating curative expenditure adjustments where necessary; Review of expenditure reports and adjusting journal entries where incorrectly charged.
- Ensured that proper documentation is available before any payments are made to suppliers and ensuring that debtors are all invoiced for payment and maintaining a register for the same.
- Achievements
- I gained experience in working with the Systems, Applications, and Products in Data Processing (SAP) System.
- Experienced workflow in a finance department, and the interdependence between different departments of an organization.
Education
Bachelor of Commerce - Accounting
Catholic University of Eastern Africa
Certified Public Accountant - CPA-K
Strathmore University
KCSE - undefined
State House Girls High School
MBA - Strategic Management
Kenyatta University
01-2026
Skills
Treasury Management
Investment Portfolio Management
Cash Flow Forecasting & Liquidity Management
Financial Accounting
Financial Planning & Analysis
Budgeting & Forecasting
Financial Reporting
Strategic Planning
Project Financial Reporting
Impact Reporting & Performance Monitoring
SELECT TRAININGS
- Leadership
- Treasury Management
- Advanced Excel & Power BI
- Corporate Planning & M&E
- Investment Strategies
- Professional Ethics
- SQL
- Sustainability Reporting
- ERM training
Timeline
Senior Officer, Corporate Planning
UNITED NATIONS SACCO
12.2021 - Current
Acting Head of Finance and Administration
UNITED NATIONS SACCO
11.2020 - 11.2021
Finance Officer
UNITED NATIONS SACCO
03.2013 - 10.2020
Revenue Accountant
HILTON NAIROBI
05.2008 - 03.2013
Assistant Internal Auditor
HILTON NAIROBI
07.2006 - 05.2008
Intern
KENYA ELECTRICITY AND GENERATING CO. LTD
01.2006 - 05.2006
Certified Public Accountant - CPA-K
Strathmore University
KCSE - undefined
State House Girls High School
MBA - Strategic Management
Kenyatta University
Bachelor of Commerce - Accounting
Catholic University of Eastern Africa