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Financial Management Specialist

Location:
Nairobi, Nairobi County, Kenya
Posted:
February 17, 2024

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Resume:

Curriculum Vitae Personal details

Richard Ogada Kojwang

ad3pi0@r.postjobfree.com

+254*********; +254*********

Overall Summary

Talented, self-driven, enthusiastic financial management and accounting professional with over thirty years of experience in both audit and non-governmental sector, preparing financial reports, working capital management, tax management, fixed asset management, compliance with procurement and logistics standards, people and strategy management; Change Management Specialist; directing audit activities, and implementing cash and expenditure management strategies to the highest possible standards of excellence, transparency and compliance with all internal and external regulations, accounting and financial management standards and internal policies and procedures; Donor Contracts Management including oversight over compliance with regulations, reporting and audits. Proven track record in achieving sound development and monitoring of budgets for donor grants, contracts and general funds. Cooperatively works with the project, partners, country office and regional accounting team, HQ-based Finance team, and the other players in the organisation’s country operations. Actively participate to build/maintain standards, policies, procedures and tools. Supervises, trains, coaches and mentors staff

Key strengths, skills and competencies

Critical and analytic thinking

Creative and resourceful thinking regarding financial matters

Factual Interpretation of financial information

Evaluative and digs deeper on information

Open minded receiving all opinions before deciding

Drawing from the experience

Leadership

Selected to be part of a team to undertake organization restructuring

A member of an international working group tasked with developing monitoring and evaluation tool

Excellent team player

Member of the senior management team

Achieves through others

Consultative style

Listening to opinion of others

Sounding off issues before deciding

Delegating responsibilities

Coordination

Annual staff objective setting and appraisals

Coordinated activities of 50 field accountants

External financial audit processes

Holding regular meetings

Reviews work plans

Decision making

Quick and excellent decisions based on available information and data

Organize thoughts in the face of time constraints and full workload.

Relevant work experience

Finance Manager, Great Lakes University of Kisumu Mar 2021 – Present

Responsibility & Achievements

Reorganised the finance departments to reduce pending work due to unbalanced workload distribution amongst staff and recruited additional staff

Successfully managed daily cash flows in order to meet daily cash needs of the university

Ensured availability of cash to pay salaries for teaching, non-teaching and management staff

Managed challenges connected with outstanding creditor payments through regular and frequent communications

Updating students accounts to support production and sharing statements and to follow up on outstanding fee balances

Mapped out main sources of income and instituted follow mechanisms to collect the cash

Enforced full compliance with policies, university charter, statutory requirements, Commission of University Education

Fully supported university annual planning, budgeting and forecasting

Team member in research proposal developments and budgeting

Involved in the development of terms of reference for the purchase and installation of new Integrated ERP System

Supported Deputy Vice Chancellor Finance, Planning & Administration to clarify challenges while settling long outstanding creditors, taxation and legal matters

Maintained close collaboration and partnerships with other university departments

Reviewing all past records from 2017 to 2020 to prepare for forensic audit and managed the process

Updated the statutory audits from 2017 to 2022

Participating in processes to take the university to have income stability based on identification of different income streams

Verifying and authorizing expense payments including payroll

Ensuring compliance with procurement processes

Preparing and sharing Management Accounts

Cleaning the accounts by reviewing and adjusting Capital Assets, Fund Accounts, long outstanding dormant liabilities and debtors

Member of the Senate and University Management Board

Member of the Finance Committee of the University Council

Overseeing an annual budget of USD 2.0M

Finance Manager, Amref Health Africa in South Sudan, Juba Jan 2019 – Aug 2020

Responsibility & Achievements

Reorganised the finance, HR, Procurement, Administration and ICT departments to reduce pending work due to unbalanced workload distribution amongst staff

Successfully managed key performance indicators in Burn rate, income growth rate, negative project balances, co-funding obligation, staff debtors

Cleared longstanding issues on donor contracts management including donor reports, budgets, cash draw down and queries

Managed challenges in donor and statutory audits

Ensured full compliance with policies, donor rules and statutory requirements

Approved and Cleared payment to suppliers and other service providers

Fully supported budgeting in proposal developments and annual planning

Managed monthly cash forecast, pipeline and burn rate

Coordinated introduction and usage of new ERP Navision System

Prepared annual country plans and budgets for submission to HQ

Updated data in the AIMS system for the monthly review meetings with HQ

Supported Country Director to clear challenges in outstanding taxation and legal matters

Managed physical assets

Managed Annual Budget of USD 5.0m

Chief Finance Officer, Mathare Youth Sports Association (MYSA), Nairobi Nov 2015 – Dec 2018

Responsibility & Achievements

Restructured financial function to bring effectiveness and efficiency

Coaching and mentoring staff, supervision of accounting processes,

Donor reporting and contract management, staff work advance and accountability management, Supervise social Enterprise projects and fundraising activities

Cleaned the balance sheet of deficits, liabilities & debts,

Enhanced donor confidence in the organisation,

Improved cash management to ensure continuous availability

Managed annual budget is USD 1.0M

Member of Senior Management Team

Managed the Social Enterprises

Senior Financial Consultant, Management Consultancy, Nairobi Sept 2014 – Oct 2015

Responsibility & Achievements

Reviewed internal controls and worked with staff to improve weak areas in the systems.

Reviewed accounting documentations and reports before being presented to external auditors.

Reviewed and improved policies and procedures

Updated cost allocation templates

Country Financial Controller, Concern Worldwide, Juba Oct 2013 – July 2014

Responsibility & Achievements

Enforced compliance with donor regulations

Managed an annual budget of €7 million, and a team of 6 professionals

Coordinated month and year end processes and annual audits

Finance and Systems Manager, Oxfam GB Kenya Programme, Nairobi Feb 2012 – Sept 2013

Responsibility & Achievements

Managed partner budgets, reports and cash transmissions

Coordinated consortium budget and financial actions

Submitted donor reports

Set and reviewed systems

Managed annual budget of USD 10M

Finance Manager, Tearfund DMT, Khartoum May 2009 – Dec 2011

Responsibilities & Achievements

Managed 5 field accountants

Coordinated with program managers’ donor budget formulation

Managed cash transmission to the field locations in Darfur

Managed Annual Budget of GBP 7.0M

Senior Consultant, Financial and Management Consultancies May 2006 – Apr 2009

Roles and Responsibilities

Strategic Planning

Financial Assessments

Trainings

Governance

Audits

Team Leadership

Finance & Administration Manager, Regional Manager and Country Director, Christian Children’s Fund Kenya National Office, Nairobi, Kenya Sept 1986 – Mar 2006

Coordinated 50 field accountants

Prepared and submitted monthly reports to head office

Trained community committees on budget management

Introduced annual external auditing to affiliated community partners

Responsible for an annual budget of USD 15m

Audit Senior and Audit Supervisor, Carr Stanyer Sims & CO., Nairobi, Kenya and Kampala, Uganda Oct 1980 – Aug 1986

Responsibilities & Achievements

Planned and executed audit assignments

Identified weaknesses and prepared management letter

Supported clients to prepare accounts for auditing

Presented audited accounts in annual general meetings

In charge of audit of 15 clients

Education

October 1977- September 1980 UNIVERSITY OF NAIROBI, Nairobi, Kenya

B. Com, Honours, Accounting Option

May 2004 – April 2006 ESAMI-MSM BUSINESS SCHOOL, the Netherlands

Executive MBA- thesis on the factors that make NGO successful

1980 to 1984 INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

Certified Public Accountant Kenya (CPAK)

Additional skills and knowledge

Financial accounting, business planning and budgeting

Implementation of financial systems and controls

Management of internal / external auditors

Project management / project finance

Cost reduction

I.T skills

Microsoft Office, Access and PowerPoint (competent user). Advanced Excel skills (pivot tables, Vlookups and spreadsheet creation).

Accounting systems (Quick Book, Great Plains, Peoplesoft)

Personal Interests

Watching Football and Listening to music

Expectation:

Salary Kshs 350,000 or USD 3500 per month

Medical Cover

Retirement Benefit

Education for dependants



Contact this candidate