About

I am a Certified Public Accountant of Kenya (CPAK), with a Master’s degree in Business Administration – Finance and Strategic Management. I have a Bachelor of Arts degree in Economics and Sociology (Second Upper Class Honors) from Kenyatta University. Currently, I am serving as a The Finance Manager at GrowPact Kitale Limited. My duties include development and control of the company’s budget, evaluation of new projects and/or programs through the Business Case Financial Model(BCFM), monitoring organizational and project spending, overseeing tax, audit, and internal control functions, and acting as a liaison between GrowPact Kitale and external stakeholders. I also supervise the finance and Administration staff. I have vast experience in Treasury Management, with specifics such as bank reconciliations, cash flow management and forecasting, financial planning and analysis, preparation of treasury audit schedules, development of treasury policies and standard operating procedures, bank relationship management and GL reconciliation. I also have experience in Project Management that includes duties such as review of contracts, monitoring of project budgets, preparation of budget performance reports which include periodic evaluation of programs and their variance from budgeted figures, participation in evaluation and development of project initiation documents such as Request for Proposals (RFP’s). My experience in management accounts includes liaison with auditors (both internal and external, profit and loss reporting, asset management and preparation of end of year schedules among others. My current duties also include voucher examination and authorization. During the 11 years that I have worked at as a finance professional I have gained extensive experience in use of different ERP’s such as the College Administration and Registration System (CARS) and Quick books. I am looking for a permanent long term employment in a forward thinking and innovative company. I genuinely believe that I can come onboard and make an immediate impact.

Skills

  • Accounting
  • Administration
  • Business Development
  • Finance
  • Management
  • Project Management

Experience

Fred Mwololo

Work experience
  • Developing and controlling the company’s annual operating budget to ensure that all financial targets are met, and financial and statutory regulations complied with.
  • Project accounting: review of contracts, reporting and reimbursements, follow up on invoices due, pass the necessary journal entries for projects spend and provide budget reports on projects.
  • Preparing and reviewing financial performance reports and management accounts and presenting them on a weekly, monthly, quarterly and annual basis.
  • Ensure that accounting periods and book closing deadlines are strictly adhered to.
  • Carry out monthly reconciliations of all bank accounts and passing the necessary journals to correct or recognize entries.
  • Developing Business Case Financial Models (BCFM’s) to evaluate the feasibility and cost benefit analysis of company projects and/or activities.
  • Review and advise the company on the financial viability/cost-benefit, and the relative ranking of capital requests and special project/program proposals for funding.
  • Preparing weekly and monthly cash forecasts based on anticipated inflows and outflows.
  • Fixed Assets management.
  • Processing of supplier payments.
  • Carrying out Month End and Year End Procedures.
  • Overseeing audit, tax and Internal Control Operations.
  • Act as a liaison between the company and donors.
  • Follow up on Cash Requests so as to ensure project activities go on.
  • Developing budget guidelines to guide in the budget process and procedures and ensuring that such guidelines are followed.
  • Monitoring organizational and project spending to ensure that it is within budget through budget performance reports.
  • Training company staff on budgetary and financial guidelines and procedures.
  • Preparation and documentation of policies and Standard Operating Procedures.
  • Oversee complete adoption of an ERP (quick books) as the primary source of financial information and reporting. tool hence providing real time and accurate financial information necessary for decision making.
  • Supervision of the Finance and Admin Staff.

Fred Mwololo

Work experience
  • Prepared bank reconciliation of all the bank accounts maintained by the company and implemented auto bank reconciliations for all the bank accounts when availed.
  • Ensured all bank accounts were timely and accurately reconciled to cash book on month to month basis.
  • Assist in project accounting, review of contracts, reporting and reimbursements, follow up on invoices due, pass the necessary journal entries for projects spend, provide budget reports on projects.
  • Processed all journals in respect to bank reconciliation such as correcting receipting errors, posting salaries, bank charges, credit interests and Exchange gain/loss.
  • Analyzed ways to improve the cash cycle, and where appropriate made recommendations for cost saving, propriety and efficiency.
  • Reviewed Deans, Chair persons and different Head of Sections budget proposals for completeness, accuracy, and compliance with institutional policies and other regulations.
  • Consolidated and summarized budget recommendations for each budget cycle as required at the college/department/unit/program level.
  • Payroll processing and journal entries.
  • Monitored account cash balances and determined cash requirements on an ongoing basis ensuring liquidity.
  • Developed the budget and final accounts section’s strategy, program, policy, procedures, plan and guidelines.
  • Reviewed budget proposals and requests for funding, evaluating spending needs, conducting cost benefit analyses, and examining them for completeness, accuracy, and conformance with procedures and regulations.
  • Coordinated planning and development of operating budgets, in coordination with the university faculty and department heads.
  • Reviewed Deans, Chairpersons and different Head of Sections budget proposals for completeness, accuracy, and compliance with institutional policies and other regulations.
  • Consolidated information from various sources including departmental input, operational expenditure history, strategic projects to validate and recommended approval of the Master Budget.
  • Summarized budgets and submitted recommendations for the approval or disapproval of funds requests.
  • Trained and supervised casual staff taking part in Annual Fixed Asset stock takes.
  • Prepared audit schedules for the year-end audit, including The Fixed Asset Movement schedule, acquisitions, and disposals.
  • Prepared variance analysis report between budgeted and actual financial results at the end of each reporting period.
  • Provided direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
  • Prepare audit schedules for the year-end audit, that is, The Fixed Asset Movement schedule, acquisitions, and disposals.
  • Liaise with external and internal auditors and provide information and data as needed.
  • Assist in processing of supplier payments through posting of invoices and responding to supplier queries.
  • Assist in voucher inspection and review of supplier documents including invoices before posting is carried out.
  • General ledger accounting and reconciliation of relevant Fixed Assets GL accounts.

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