Alex Mwenga

Pro

Connections 16
Reputation 10

Senior Financial Analyst at Tactive Consulting Group Limited

since September, 2023

al***ga@gmail.com

About

A dedicated and driven accounting and finance manager with experience spanning over 10 years’ in financial management processes in top level businesses. I am able to meet job demand and deadlines through strong professional discipline, adherence to work-ethics and commitment to quality, first class results and client satisfaction. My great motivation is to help business succeed by increasing value through prudent accounting and financial management. I Hold a Master in Business Administration (Finance), Bachelor of Commerce (Accounting), CPA (K) and CS-Finalist. I am a full member of the Institute of Certified Public Accountant of Kenya (ICPAK).mmary]

Skills

• Strong knowledge of accounting principles
10
IFRS
10
Accounting
Administration
Business Development
Hospitality
Human Resources
Management
Manufacturing
English
10

Recommendations

JANUARY MUTAVI

7/16/2026

Provided a score of

for Alex Mwenga

Moses Ogalo

9/12/2025

Provided a score of

for Alex Mwenga

2 recommendations in total

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Experience

Alex Mwenga

Work experience

Senior Financial Analyst at Tactive Consulting Group Limited

September, 2023 -
Fulltime

o Developing of high-end, complex financial models of international standard and building reporting dashboards for a variety of stakeholders using Excel, and Power BI.
o Periodically preparing financial reports including analysis of key metrics, key business metrics, drivers and results, and variances and interpreting results to management or clients,
o Advising on new investments by performing due diligence, valuations and risk-return analysis.
o Providing in-depth financial analysis, including margin analysis, budget variance analysis, and trend analysis to identify areas of improvement and recommend actionable solutions.
o Managing the monthly review of financial statements in collaboration with the finance team and business units to ensure accuracy and compliance.
o Preparing feasibility studies needed for upcoming projects. Carrying out financial modeling, profitability analysis, return on investment using models such as; NPV, payback periods, discounted cash flow and public comparable analysis for internal purposes.
o Reviewing project documents to assess the commercial and contractual implications to ensure that all project documents comply with applicable accounting, taxation and legal practices.
o Participating in negotiating commercial and contractual aspects of the client’s (start-ups) projects with banks/financial institutions, contractors, and other third parties.
o Preparing business cases for data driven decision making and see decisions through till implementation.
o Conducting sensitivity analysis to assess the viability of new products, projects, and business ventures, helping in risk assessment and decision-making.
o Generating client reports that highlight trends, risks, and opportunities for their businesses, offering insights for decision-making.
o Conducting scenario analysis to assess risk factors, identify key financial and non-financial risks, advising on mitigation strategies.
o Assisting clients in identifying areas for performance improvement, focusing on cost optimization, revenue growth, process efficiency, supply chain management, and resource utilization.
o Leading the budgeting and forecasting process through market analysis, projections, and cross-functional collaboration to align financial goals with company objectives.
o Monitoring and analyzing group financial performance, comparing it to established budgets and objectives.
o Assessing the efficiency and productivity of clients' operations and proposing strategies to optimize cost for improved financial returns.
o Collaborating with business analytics and marketing teams to identify market trends and demands to advise the clients.
Achievements
o Designed and executed financial forecasting models that accurately projected financial performance, enabling informed decision-making by management.
o Provided financial and business management leadership to finance team and project managers with accurate and timely forecasting, risk analysis and mitigation, new business strategy, cost/price strategy and indirect rate management and monitoring.
o Compiled the monthly corporate financial reporting package consisting of the project and financial data for annual program management reviews and prepared the suite of reports to be reviewed by executive.
o Provided analytical, accounting, and reporting support to the group finance team, including monthly fluctuation explanations of actuals vs. plan/forecast.
o Assisted in the preparation of monthly and quarterly board level and general financial reporting.
o Responsible for the analysis of projects in terms of labor and cost tracking in accordance with a bid proposal through Estimate at Completion (EAC) report.
o Maintained all budgets and forecasts. Developed annual direct and indirect budget and a group finance strategic plan.
o Involved in all aspects of financial reporting, planning, and analysis on a multi-year firm-fixed-price contract estimated at KES 500 million for MasterCard, KEPSA and AJIRA programs.
o Performed and monitored cost projections which included labor hours, unburdened costs and other direct costs to verify that projects were within budget and spend plans.
o Reviewed unplanned/unanticipated costs and identified if they were one-time costs or new recurring costs and their impact on cost projections, staffing, and extra-hours allotments.
o Calculated group/clients’ loans amortization schedules, computed associated interest, ensured and monitored the repayments as per the schedule.
o Enhancing the finance department efficiencies by developing and revamping excel files to minimize redundancies.
o Provided value-added reporting and analysis to help drive business results, support better business decisions and aid in effective planning.
o Trained and coached accounting/finance concepts to group and client’s non-finance managers.
o Led the development and automation of the project pricing model to provide improved visibility to support business opportunities and drive growth.
o Participating in the development of operational plans, aligned to corporate and strategic objectives, streamlined processes and reduced operational costs by 15%, increasing efficiency by 75%.
o Reduced monthly forecast variance from 35% to 10% by enhancing communication across departments to incorporate the most recent information in the forecasts.
o Designed a finance operating model that reduced fixed and variable costs by 35%, improved working capital, and reduced the operating cycle by 82 days.

Alex Mwenga

Work experience

Manager Finance and Operations at Mwafrika Trading Limited

June, 2020 - August, 2023
Fulltime

o Responsible for the monthly preparation and analysis of cash flows, the annual cash plan, and short-term cash requirement reports and perform financial ratio's analysis.
o Prepared and interpreted financial statements, tax and regulatory reports.
o Managed and supervised accounts payables, receivables, credit control and petty cash units.
o Directed budgeting and forecasting processes, leading the implementation of strategies to achieve budget targets through monitoring actual performance, conducting variance analysis, and recommending corrective actions.
o Designed and implemented the company's credit control policy and procedures, vetting customers for credit facilities and ensuring adherence to credit terms.
o Led the establishment, implementation, and monitoring of company finance policies and procedures, including internal controls and compliance with IFRS and relevant financial laws.
o Ensured the internal controls environment is operating effectively through data integrity, asset protection, and segregation of duties, information systems and performing risk assessments of financial statements, regularly evaluating internal controls over financial reporting (ICFR) and certifying their design and effectiveness.
o Prepared capital budgets, managed asset capitalization, and provided financial justifications for proposed investments.
o Ensured effective implementation of finance and accounting, information systems, and inventory management policies and procedures, contributing to a structured and compliant financial environment.
o Performed product cost what-if-analysis and benchmark product costs to identify potential cost-saving opportunities.
o Ensured compliance with statutory financial reporting requirements and promoted a strong compliance culture, including regular reviews of all statutory financial returns.
o Managed the finance team, provided mentoring and leadership, and focused on performance development and coaching to achieve service level agreement targets.
Achievements:
o Managed a team of 15 accounting and finance employees, meeting all deadlines perfectly.
o Led the implementation of an operating budget of KES 1B and achieved 95% of its target.
o Fostered strategic relationships with key customers and suppliers, resulting in a 15% increase in revenue and a 10% overall sales increase.
o Led the design and adoption of a sales management platform for order booking, resulting in a 25% increase in overall sales, improved sales team performance management, order processing efficiency, and customer service delivery.
o Negotiated vendor contracts, reducing expenses by 15% and saving KES 150M annually.
o Supervised the IT team to improve finance software functionality, leading to a 75% reduction in calculation time and enhanced reporting accuracy.
o Advised on go- to- market business strategy that grew revenue by over KES 500 million.
o Renegotiated with financiers for a restructure of expired Letters of Credits (LCs) to long-term loans, saving $500,000 in financing costs.
o Initiated hedging that improved sourcing, and saved over 25% on exchange rate risk exposures.
o Increased sales from less than 1 billion to over 7.5B within three years through efficient inventory management and importation schedule planning.
o Implementing streamlined financial processes, that reduced operational costs resulting into cost savings of KES 50M annually.
o Introduced, managed a new financial reporting system improving accuracy and efficiency by 20%.
o Developed and executed a comprehensive financial analysis, which identified areas for cost reduction and revenue optimization, resulting in a 10% increase in profitability.
o Successfully led a team in conducting a financial audit, ensuring compliance with regulatory standards, and identifying areas for process improvement.
o Implemented risk management strategies, resulting in a 50% reduction in financial risks and ensuring financial stability for the organization.
o Developed and implemented effective internal controls and compliance procedures, ensuring adherence to financial regulations and minimizing the risk of fraud.
o Implemented regulatory standards, effectively meeting financial reporting requirements and integrity in accounting.
o Conferred with department heads to determine their budget requirements. Resulting to an increased use of reports and prompt decision-making processes.
o Received recognition for consistently meeting or exceeding financial targets, such as revenue growth, expense management, or cash flow optimization.
o Drove and embedded an operational excellence and continuous improvement culture within the finance team, enhancing financial policies, processes, and systems.

Alex Mwenga

Work experience

Chief Accountant at Igsar Group Kenya Limited

January, 2018 - May, 2020
Fulltime

o Prepared, analyzed, and examined financial statements, reports to ensure accuracy, completeness, compliance with reporting and procedural standards, with a focus on general ledger management.
o Prepared, supervised, scrutinized, and approved monthly journal entries, balance sheets, income statements, and trial balances.
o Oversaw system development for departmental functions to enhance efficiency and align with current business requirements.
o Chaired sales, accounts receivable, and credit team meetings, providing guidance to the sales team and credit controllers on debt recovery.
o Conducted product costing and pricing, monitored market trends, and addressed variations.
o Ensured the accuracy, integrity, and validity of financial data in the ERP system.
o Designed, implemented, and periodically reviewed internal controls to align with company principles and statutory policies.
o Conducted audits of accounts records and transactions, working to streamline internal control procedures, investigate unusual variations in financial reports, and provide comments for management action.
o Liaised with external auditors, tax authorities, and other statutory bodies for audits, reports, and tax compliance, including advising on tax-efficient strategies.
o Collaborated with the HR department on maintaining office policies and procedures, as well as various HR activities, including recruitment, onboarding, record maintenance, payroll processing, and compliance with labor regulations.
o Developed and implemented costing systems to support the company profitability and pricing objectives, trained accountants, monitored continually to ensure effective application.
Achievements:
o Designed and introduced for the first time SOPs improving overall efficiency by 75%.
o Directed the restructuring and full automation of the finance department increasing efficiency by 75%, reduced report preparation time by 50% and overall performance 90%,.
o Introduced stringent credit policies, reducing group DSO from over 120 days to 30 days and recovery of over KES 100 million from outstanding debtors within 6 months.
o Improved overall accounts receivable collection by 95%.
o Accurately and timely oversaw the processing of over 1,000 invoices monthly (KES 500 million).
o Designed and implemented financial strategies and initiatives that drove P&L growth by 50%
o Negotiated credit terms with regular suppliers reducing pressure on company working capital.
o Received commendation for exceptional financial analysis skills that had provided valuable insights and recommendations to drive business growth.

Alex Mwenga

Work experience

Senior Accountant at Igsar Group Kenya Limited

July, 2017 - November, 2017
Fulltime

o Managed accounts receivable. Invoicing, collections, handling queries, onboarding new clients, and coordinating with external collectors for bad debt collections.
o Led credit controlling, overseeing credit controllers and bookkeepers, assessing new customer creditworthiness, and periodically reviewing credit terms for existing clients.
o Administered accounts payable processes for both local and foreign suppliers, including payments, reconciliation, reports, and executing AP period-end closing procedures
o Prepared import/purchase plans, managed import documentation, and strategically handled inventory, including inbound and outbound logistics, SOP compliance, and inventory control.
Achievements
o Optimized credit approval, collection processes, improving operational efficiencies by over 30%.
o Assisted Controller with cash planning, recommended on weekly vendor cash disbursements
o Created and maintained sectional policies, job descriptions and performance evaluations for Accounts Payable Team

Alex Mwenga

Work experience

Accountant at Boolmat East Africa Limited

November, 2011 - June, 2017
Fulltime

o Monitored Accounts Payable processes, including payment processing, petty cash, expense report and supplier’s accounts reconciliation
o Managed Petty cash, performed vouchers verification for proper authorization
o Posted bank charges, interests, commissions, and performed banks reconciliation.
o Performed supplier’s accounts reconciliation.
o Handled monthly VAT and Withholding tax Return and payments.
o Processed payroll statutory payments (NHIF, NSSF, & PAYE)
o Received, sorted, and cross-referenced supplier invoices with delivery receipts, Goods Received Notes (GRNs), and requisition notes, meticulously verifying the documentation before posting and initiating payments ensuring that all payments are thoroughly supported and compliant

Alex Mwenga

Work experience

Accounts Assistant Receivable at New Kenya Co-operative Creameries Limited

July, 2010 - November, 2011
Fulltime

o Led a team of six reconciliation clerks in the reconciliation of debtor accounts, inventory reports, dispatch records, and sales reports. Achieved an impressive 95% of the intended target and detected a significant fraud case, revealing a substantial discrepancy of over KES 155 million in missing stock.