*

C U R R I C U L U M V I T A E

PERSONAL

INFORMATION.

Name:

Nationality:

Year of Birth

Address:

Cell-phone:

ID No:

Language:

E-mail address:

KELVIN KIBET CHEMWOTEI

Kenyan

1Oth September 1987

P.O. Box 83-00200 Nairobi.

072*-***-***

26219388

English, Kiswahili.

adqz5f@r.postjobfree.com

CAREER

OBJECTIVE.

PROFILE.

WORK

EXPERIENCE.

• Am a very Knowledgeable Finance/Accounting professional able to analyze financial data supporting organizations decision making including financial planning, forecasting, and modeling, credit underwriting, financial risk management and portfolio management. I am ambitious and looking forward to playing a vital role in financial decision-making and adding significant value to a business. I can competently prepare financial analysis, reports, and can give financial advice.

• I’m a Certified Public Accountant of Kenya with a master’s degree in Finance from Kenyatta University I also have also 8 years’ experience in the financial industry cutting across the Banking and Insurance sector. I have been involved in portfolio management, premium administration and internal audit assignments.

ACCOUNTANT FINANCIAL REPORTING, PLANNING & ANALYSIS- JUBILEE LIFE INSURANCE (OCT 2021-PRESENT)

Key Tasks

• Preparation of regulatory returns to the Insurance Regulatory Authority; monthly, quarterly, and annual returns and ensuring their timely submission.

• Preparation under CFO guidance of quality and timely board papers

• Administration of commissions, retainers, incentives, and any other payments pertaining to Individual Life (IL) producers 2

• Automate the IL commission processing, eliminating all manual manipulation of data

• Timely payment of the Annuitants and the commission due on annuity and pensions

• Ensure agents pension contributions/deductions are properly booked monthly always Ensuring integrity of the Trial Balance and reviewing reconciliations between the finance systems and the business systems by 16th of each month for the ledgers assigned

• Ensuring that the general ledger accounts are reconciled before the closing of the accounting period together with coordination of the year end closing procedures.

• Preparation of the GCR reports

• Settlement of withheld taxes by not later than 15th of each month for annuities, commissions (annuity & pension), medical service providers Group Life and excise duty for Individual Life.

• Preparation of annual budgets and forecasts in liaison with the line of business heads.

• Support the budget setting process and contribute to the preparation of annual and medium-term business plans within agreed work areas.

FINANCIAL ACCOUNTANT- KENYA ORIENT LIFE (AUG 2019-OCT 2021) Key Tasks

• Ensure timely reconciliation of all General ledger and Bank accounts.

• Co-ordinating the annual auditing process, ensuring implementation of audit recommendations.

• Providing the necessary information for internal and external audits and conducting financial investigation necessary.

• Processing supplier payments after ensuring complete 3

documentation and reconciling supplier statements periodically.

• Facilitate the preparation of budgets and financial plans of the company and overseeing strict adherence to the budget and plans.

• Process all reinsurance payments on a timely basis including; Minimum Deposit Premiums, Facultative Payables, Proportionate treaties and Payments to fronted businesses.

• Preparation of accruals, sundry creditors, debtors’ balances, expense schedules and investment reports for purposes of audit.

• Computation and preparation of tax returns.

• Filing statutory returns and making statutory payments-

(Withholding tax, Training levy, Premium tax & Policyholder’s compensation fund) within the set deadlines.

• Investment Management, Cash flow forecasting, Revenue assurance and Budgeting & Monitoring

• Preparing monthly and quarterly financials in liaison with the Manager, finance

MANAGEMENT ACCOUNTANT -MADISON GENERAL INSURANCE (JAN 2019 to JULY)

Key Deliverables

• Preparation of management accounts, IRA returns and Reconciliation of GL balances.

• Prepare GIB management accounts for review

• Prepare branch/regional reports for circulation

• Prepare Monthly cash flow projection reports for use in management accounts.

• Prepare Quarterly Treaty accounts at the end of every quarter and submit the same to the Reinsurers and/or Brokers by the 15th of the month following quarter close

• IRA returns uploads upon approvals

4

• Liaise with the Claims and Underwriting department (including General & Medical Insurance) on matters of reinsurance claims and provision of relevant documents to facilitate recovery collections.

• Prepare Reinsurance quarterly returns for submission to Insurance Regulatory Authority by the 15th of the month following quarter close.

• Coordinate the receipting and allocation of all reinsurance recoveries and collections.

• Liaise with the Credit control team on the collection of outstanding premiums with regards to fronted accounts and businesses with Facultative premiums to facilitate timely payments to the relevant reinsurers.

• Monitor and track collection of all cash calls as initiated by the Reinsurance team.

• Ensure all reinsurance transactions as booked in the line of business systems are fully integrated and recorded in the general ledger.

• Prepare monthly reinsurance payable/receivable statements and circulate the same to the relevant reinsurance participants and/or brokers to facilitate timely payment/collection of the same.

ACCOUNTANT -MADISON INSURANCE GROUP (SEP 2016 to DEC 2018) Key Deliverables

Responsible for generation of IRA returns and reports for management decision making especially bank reconciliations and GL balances:

• Analyzing and reconciliation of allocated ledger accounts.

• Review of bank reconciliations and ensuring outstanding reconciling issues are resolved

• Authorization of medical and non-medical claims within the agreed turnaround times and limits

5

• Preparation of premium levy/tax returns and payment

• Supervising the bank reconciliation team

• Facilitate audits and ensure legal and professional compliance.

• Review of the monthly expense report before the compilation in the management accounts

• Ensure compliance with the reinsurance credit control policy. ACCOUNTS OFFICER PREMIUM ADMINISTRATION-MADISON INSURANCE GROUP (MAY 2015 to AUG 2016)

Key Deliverables

Responsible for timely receipting and accurate allocation of business from all Check-offs, policy accounts reconciliations and Suspense account management in relation to check-off business:

• Ensuring that 100% of all premiums received from Check-offs are accurately allocated by the cut-off dates

• Management of the suspense account on a month-to-month basis

• Proactively reconcile premium balances on all active policies as an on-going activity to ensure that we have a clean and accurate data base

• Reconciliation case by case of miss-posted premiums from all pay points

• Advising clients on outstanding premiums for any 3 months outstanding as well as advising on lapsed policies reminders

• Confirmation of premium balance prior to policy maturity date

• Submit a breakdown of outstanding premiums and premiums collected per national check-off on a monthly basis

• Prompt receipting and accurate allocation of all check-off payments received within the month in liaison with finance

• Report generation: Prepare and submit on monthly basis 6

CAPEX LIFE ASSURANCE CO LTD (SEPT 2013 to FEB 2015) Ag. Internal Audit:-.

Key Deliverables

• Post and process journal entries to ensure all business transactions are recorded

• Update accounts receivable and payable and perform reconciliations

• Invoicing and sending timely statements to customers

• Update cash books and maintain cash and bank reconciliations

• Day to day banking activities

• Assist in the processing of financial statements according to legal and company accounting and financial guidelines

• Update financial data in databases to ensure that information will be accurate and immediately available when needed

• Filing accounting records

• Assist in the preparation of weekly/monthly/yearly closings

• Process and pay statutory payments on time e.g. PAYE, VAT, NSSF, NHIF, Premium taxes

DEEPER LIFE CHRISTIAN MINISTRY(July 2013 to Present) Secretary:-Vetting & Audit Committee

Key Deliverables

• Reviewing the systems established to ensure sound financial management and internal controls, as well as compliance with policies, laws, regulations, procedures, plans and ethics

• Initiating special audit/investigation on any allegations, concerns and complaints regarding corruption, lack of accountability and transparency in consultation with the church accounting Officer/National Overseer

• Carrying out post and pre audit of church expenses on regular basis

• Inspection of Church projects

IIK (2020 to present)

Member :-Finance Committee

• Advising the Council on all matters of Finance

7

ACADEMIC

QUALIFICATION.

PROFESSIONAL

QUALIFICATION

KCB BANK GROUP (JAN 2011 to Aug 2013)

Credit Officer:-Credit Administration Officer S&L Mortgage Centre. Key Deliverables

• Overall management of non-performing debts to prevent deterioration and improve the banks’ lending asset quality.

• Control specific provisions within budget and ensure adequate levels of provisioning on all accounts in accordance with the laid down credit policies.

• Compliance with the banks Credit/NPL Policies and CBK Prudential Guidelines on loan classification and provisioning.

• Timely submission of NPL returns to the Portfolio Managers.

• Reduce non performing credit through aggressive recoveries and viable restructuring thus contributing to the Group bottom line through provisions craw backs.

• Participation in partnership engagement meetings/forums with other branches

College of Insurance(2019)

Diploma in Insurance

Kenyatta University (2016)

Graduate School

Masters of Business Administration

University Of Eastern Africa Baraton (2011)

School of Business

Bachelors of Business Administration(Finance)

2

nd

Class Upper(G.P.A 3.09)

Friends School Kamusinga (2002-2006)

Kenya Certificate of Secondary Education (K.C.S.E), Mean Grade Attained B (Plain)

Qualified as a Certified Public Accountant-CPA(K)2015; Certified Investment Financial Analyst (CIFA Section 3) 2018 8

PROFESSIONAL

MEMBERSHIPS.

ACHIEVEMENTS &

RESEARCH.

TECHNICAL

ABILITIES

LEADERSHIP

RESPONSIBILITY

HOBBIES

REFEREES

• Institute of Certified Public Accountants of Kenya (I.C.P.A.K)

• Chartered Insurance Institute (C.I.I)

• Association of Certified Fraud Examiners (A.C.F.E)-929871

• Insurance Institute of Kenya (I.I.K)

• Awarded a certificate of participation for taking part in the Nairobi Stock Exchange Youth challenge, August 2008

• Awarded a certificate of participation for taking part in the first regional business forum by ASA-UON and FISA-UON, March 2010

• Awarded a certificate of participation for taking part in the Nairobi Stock Exchange Youth challenge August 2010

• Good understanding of premium administration process;

• Good understanding of business system applications and ERPs, and other technologies such as Windows family and

environments, T24, SAP.

• Advanced Excel & Modelling master class

• Conversant with Qlick system (Business Intelligence tool)

• Involvement in the setting up of the Internal Audit department at Capex Life Assurance.

• Risk Champion (Madison General)

• Finance Committee Member Insurance Institute of Kenya

• Reading motivational books

• Mentoring and counseling the teenage youths.

Mr. Isaac Wanyonyi,

Senior Accountant

General Accident Insurance Ltd,

Tel: 072*-***-***

Email: adqz5f@r.postjobfree.com

9

Mrs. Susan Gachina,

Group Finance Manager,

WAICA RE,

Tel: 072*-***-***

Email: adqz5f@r.postjobfree.com

Mrs. Jane Wanjugi

Finance Manager

Kenya Orient Life Assurance

Tel: 072*-***-***

Email: adqz5f@r.postjobfree.com

Contact this candidate