Sammy K. Njeru, CIA, CISA, CPA-K

Phone: 971-***-**** Email: ad30oi@r.postjobfree.com

***** ** ***** ** ***#8 Portland, OR 97233

RESUME SUMMARY

A Certified Internal Auditor (CIA), Certified Information System Auditor (CISA) and Certified Public Accountant of Kenya (CPA-K) with 15+ professional experience in the Governance, Risks and Controls (GRC). I have a cross functional leadership skills and a proven track record of excellence as evidenced by two promotions in Kenya Railways. My goal is to add value in organizations by ensuring effective and efficient service delivery for optimal performance.

WORK EXPERIENCE

Finance General Manager, Kenya Railways, Nairobi Kenya –. Oct 2021 – April 2023

In charge of Finance Department and responsible for; Strategic Financial Planning; Development and Implementation of the Corporation’s Budget, Managing payments and accounts payables; Revenues Assurance and Accounts Receivables; Cash flow and treasury management; Liaison and engagement with external financial partners; Preparation of Financial Statements; Finance Staff Administration issues;

Key achievements

Successfully implemented a Finance Department Culture change program by actively involving all 50 Finance staff through teamwork events and adopted new core values and a rallying call of “Doing More, With Less”.

Improved Board governance, oversight and decision making process by redesigning quarterly reporting format of Management Accounting for ease of understanding and comprehension by the Board.

Improved efficiency of payment voucher processing from 30 days to 15 days by removing unnecessary bottlenecks and introducing a focused and comprehensive payables review checklist.

Introduced payroll control reconciliation and Re-organized the finance department reporting structure and segregation of duties, which helped detection of a USD 377,730 fraud where culprits were aligned in court of law.

Enforced cost containment measures by inculcating the prudent financial spending culture through an initiative called “every coin counts” thus reducing operational costs by 18% in FY 2021/22.

Reduced annual bad debts/ default rate by 25% by introducing stringent measures through revision of credit control and credit policy and reconstitution of credit control committee.

Collaborated with Kenya Commercial Bank (KCB) and resolved 10,566 uncredited customers suspense transactions of USD 3.3M out of USD 4.5M from online payment platform within one year in 2021/2.

Collaborated with Kenya Ports Authority (KPA) for reconciliation of Freight customer debtors accounts leading to resolution of USD1.5M out USD 1.9M of suspense debt balances within 6 months in 2021/2.

Quality, Risks and Compliance Manager - Kenya Railways - Nairobi, Kenya Mar 2018 – Oct 2021

Managed the development and implementation of Quality, Risks and Compliance Management Policies; Managed the documentation and maintenance of Quality Management Systems; Facilitated Risks and Controls Self-Assessments (RCSA); Managed quarterly compliance reviews; Supervised bi-annual quality assurance audit exercises Developed and presented insightful Quality, Risks and Compliance reports to Management and the Board.

Key achievements

As the pioneer Manager, I successfully set up the Quality, Risks & Compliance (QRC) Division from the scratch by developing the initial policies and procedures for smooth running of the Division.

Successfully championed the certification of Kenya Railways Quality Management Systems (QMS) under ISO 9001:2015 through the guidance of ACAL Consultants, thus receiving recognition from Management.

Successfully spearheaded the implementation of Enterprise Risk Management (ERM) System using ISO: 31000 through the guidance of Risk Consultants, Risk Africa Innovatis.

Performed quarterly regulations and compliance reviews and follow ups which reduced non-compliance issues from 51 cases to 9 cases within a period of two years between 2018/19 and 2019/2020.

Internal Auditor - Kenya Railways Nairobi, Kenya Aug 2007 – Feb 2018

Offered Internal consulting for insight and advice; Undertook assessment and evaluation of risks and internal controls; Examined reliability, completeness and integrity of financial statements; Evaluated efficiency and effectiveness of operational processes and procedures; Undertook compliance reviews with respect to applicable laws and regulations; Formulated and implemented Risk Based Internal Audit Plans; Undertook comprehensive and systematic review of audit working papers, Ensured safe custody and appropriate disposal of audit files; Developed and presented independent and objective internal audit reports to Management and the Board.

Key achievements

Successfully led a team of 5 Auditors to audit SGR Construction (one of the largest Transport infrastructure project in Kenya worth 3.6 Trillion USD) resulting to discovery of irregular land compensation of USD 2.5M in the compulsory land acquisition program and recovery of USD 1.1M before payment were processed.

Successfully sought Board approval to stop pre-auditing and voucher examination by internal Audit department which had compromised the independence of internal Audit department in FY 2008/9.

Performed a Utility Audit along railroad corridors and estates which resulted to discovery of 13 illegal water and 19 electricity connections resulting to annual savings of USD 16000 utility bills in FY 2011/2.

Conducted Commuters/ Passengers Trains Revenue Audit leading to discovery of various revenue leakages and upon implementation of recommendations from the audit exercise, the annual average revenue collections increased by USD 150000.

Reviewed Real Estate Lease Administration and discovered illegal land allocation and unauthorized tenants which had resulted to annual averagely loss of USD 98000 worth of rental income.

EDUCATION

Masters of Business Administration, MBA (Entrepreneurship) - Kenya Methodist University (2009 – 2012)

Bachelors of Commerce, Bcom (Accounting) - Daystar University, Kenya (2004 – 2007)

Diploma in Transport Management - Kabete National Polytechnic, Kenya (1996-1998)

CERTIFICATION & PROFESSIONAL MEMBERSHIP

Certified Internal Auditor (CIA) - Institute of Internal Auditors (IIA), US – M/No. 1599716

Certified Public Accountant of Kenya – CPAK - (ICPAK) – M/No. 8354

Certified Information System Auditor (CISA) - ISACA, US - M/No. 510558

KEY SKILLS

Auditing

Data Analytics

Report writing

Quality Assurance Management

Risk assessment & Mitigation

Financial Statements reviews

Regulatory Compliance Reviews

Processes and Procedures Reviews

Internal Controls Reviews

Continuous Improvement Skills – Plan Do Check Act (PDCA)

Knowledge of Generally Accepted Accounting Principles (GAAPs)

Proficient in Microsoft suite and Navision ERP Systems

Fluent in English and effective communication skills

Critical thinking skills

MAJOR ACHIEVEMENT

Appointed the Chairman of Board of Trustees of Kenya Railways Provident Fund (KRPF), and in 5 years between 2017 and 2022, I successfully turned around the Provident Fund performance resulting to the Rate of Return growth from 2% to 10.25%, Fund value grew from USD 2.86M to USD 7.5M, Membership grew from 220 members to 1,335 members and members satisfaction index improved from 2.40 to 4.50 (in an Index scale of 5.00).

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