Melissa.M
Finance Manager
KES180,000/month
About me
I’m a Senior Finance & Accounting expert with over 10 years’ experience in performing broad financial management responsibilities mainly within the financial sector. I have a history of success in setting up financial control systems, budget preparation, financial reporting, cashflow management as well as providing leadership and administrative support to diverse teams.
I Possess professional capability in implementing standards and procedures that improve business functionality as well as in people management where I have developed skills in leading & motivating teams with an aim of forming a cohesive team that inspires confidence & excellence in service delivery. Exceptional communicator in English & Swahili and currently open to new opportunities both locally & internationally.
Skills
Work Experience
Finance Manager
Motorhub Limited
August 16, 2021
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Present
Analyzed and identified cost saving opportunities which resulted in a 30% cost reduction in operating over a 2-year period. Developed and implemented a budget for the company that has resulted in reduction of expenses by 10% and increased revenues by 5%. Proper cashflow management ensuring that suppliers and service providers are paid on time while reducing the outstanding payables by 35%. Debt collection which has resulted in reduction of accounts receivables by 60% over the last three years. AREAS OF EXPERTISE ▪ Strategic Financial Planning & Forecasting ▪ Long Range Financial Plans ▪ Internal Controls & Business Turnaround ▪ Financial Modelling ▪ Complex Business Models ▪ Capital and Operational Budget ▪ Leadership Development ▪ Budget Variance Analysis ▪ Operational Audits ▪ Financial Analytics ▪ Cross Functional Team Collaboration ▪ Process Optimization ▪ Regulatory Compliance ▪ Due Diligence ▪ Risk Mitigation Developed and implemented policies where there were no set financial systems and controls that improved the overall governance of the company. Computes monthly statutory deductions (PAYE, VAT, withholding tax & Withholding VAT) ensuring accuracy and timely remittance to KRA. Due to being tax compliant, the company was appointed a KRA VAT withholding agent in 2023.
Auditor
Kiige and Associates
January 1, 2020
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July 31, 2021
Efficiently organized workload and audit schedule for the team members which resulted in completing audits 15% before the scheduled timeline. Reduced month-end close time frame by over 50% by scheduling and enforcing project deadlines. Participated in audit of clients’ financial statements across various sectors which resulted in identifying and correcting material misstatement while at the same time identified key operational risks. Prepared financial reports for clients thus the management was able to use the same for decision making while at the same time identifying gaps that needed to be addressed. Analyzed clients’ financial statements and identified cost saving opportunities which enabled clients to minimize operating costs by 10%.
Finance Associate
Urgent Action Fund Africa
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Influenced process and control improvements that increased efficiency by 90% and improved management reporting. Assisted in coordinating with
Senior Accountant
Faulu Microfinance Bank Ltd
2012
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2018
Renegotiated with service providers their contracts and also onboarded new service provides which resulted in lowering the operating cost by 20% Supervised timely computation and remittance of taxes like PAYE amongst others which saved the company on 25% late filing penalty on outstanding amount. Due to tax compliance on statutory payments, the company was also able to save on late payment penalties of 5% of the tax due thus saving the company more than KES. 250,000 per month. Approved and oversaw payroll processing for over 800 employees ensuring 100% accuracy in salary computations and timely payment of salaries. Conducted daily revenue assurance reviews to ascertain all income is completely and correctly recovered and seal any revenue leakage loophole by 100%. Maintained fixed assets register and conducted country wide asset tagging which ensured all assets are accounted for and proper depreciation expense is being computed thus minimizing. Implemented policies on staff receivables which ensured advance settlements are done within 48 hours after field visit thus reducing the outstanding staff receivables amount by 80%. Developed interdepartmental SLAs which resulted in improved service delivery TAT to other departments of 100%. Initiated a monthly expenditure trend analysis that contributed in proper forecasting and minimization of forecasting errors by 5% Prepared monthly Financial Statements and Branch reports withing the required timeline and subsequently reduced the month end procedures from 5 days to 2 days. Developed the finance risk management tracker which was used to mitigate against any financial, operational and reputational risk. Led an initiative between Finance and Procurement departments to streamline accounts payable processes resulting in 20% reduction in supplier payment timelines. Voted as the best supervisor in the department for 5 years consecutively.
Education
MBA Finance
Masters
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Present
Currently doing my dissertation to complete my MBA
Bachelor of Commerce - Accounting option
Bachelors
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Certified Public Accountant
Proffessional
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CPA (K) and member of ICPAK