Hilda Muchunku, Bsc., MBA, CPA(K)

Experience

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  United States International University - Africa

  Aug 1996 - Mar 2015

  • Provided in-front-of-the-class teaching& instruction in undergraduate and graduate courses including Principles of Accounting, Finance, Auditing, and Management Accounting at the United States International University - Africa.• Administered exams and utilized interactive classroom discussions to ensure comprehensive student assessment and engagement.• Passionately shared knowledge gained from my corporate work experience and simulation of real world experiences to prepare students for successful careers. Show less Managed budgets and assets, supervised financial functions at United States International University - Africa.• Prepared and presented Budget variance reports to Heads of Departments.• Managed fixed assets and maintained the asset register for accountability.• Supervised billing, revenue capture, and expenditure functions for accurate financial reporting.Achievements;*Managed the asset revaluation exercise giving a fully reconciled register in keeping with IAS 36.*Instituted a new payment option for students. I completed negotiations for both the MPESA and ZAP (Celtel) pay bill avenues for use by students to ensure timely collections from debtors and therefore increasing our collection efficiency which at the time was novel and not yet widely embraced. Show less Led treasury management operations at United States International University - Africa, optimizing revenue through bank relationships and cash-flow planning.• Oversaw accurate transaction posting and timely reporting within the accounts department team.• Managed accounting and reporting for donor-funded contracts/projects from organizations like USAID and FORD Foundation.Achievements;• Doubled interest income from investments every year from the previous financial year’s amounts, in an environment where there were no substantial increases in money market interest rates, because of diligent monitoring• Instituted a new monthly financial reporting deadline for all the teams that I supervised; all reports were ready by the 10th of the subsequent month.• Team guidance and training of accountants on processes, entries, and reports generation in the CARS ERP system, to grow their expertise and improve processes and reporting. Show less In my role as a Treasury Accountant at United States International University - Africa, I was responsible for preparing bank reconciliation statements, managing petty cash reimbursements, and implementing a segment reporting system to improve departmental performance. Achievements:• Unearthed an internal fraud syndicate which led to the formulation of a more stringent policy on students’ refund processing.• Pioneered segment reporting system with a fundamental principle of looking at departments as profit centers which was instrumental in steering departments to better performance.• Streamlined treasury operations having inherited a backlog of bank queries and outstanding reconciliation issues which I successfully handled and reduced to current issues under 30 days aged.• Managed to institute a culture of completing bank reconciliations for all the 6 bank accounts by the 8th of the subsequent month; this had previously been a concern as evidenced by various external audit reports.• Successfully reconciled donor accounts, prepared status reports as a strategy for further fundraising and positive public image of the University. Show less • Cashiering at various workstations in the university Cafeteria• Daily reconciliations and banking of money received• Customer service• Run the coffee shop, ensuring quick service and liaising with the chef and restaurant manager forrestocking of snacks and beverages for optimal supplyAchievements;• Reported no cash shortages when the end-of-day report was compared to daily collections banked• Perfected my customer service skills, always offering service with a smile, being customer-centric and running a coffee shop that was clean and well maintained and met the needs of the customer.• Graduated as the top student in the class of Bachelor of Science in BusinessAdministration in June 2002, despite working a 6-day week while studying for the undergraduatedegree and pursuing the Certified Public Accountant certification (CPA) via distance learning, testifying to my ability to stay focused and achieve goals. Show less

  • Adjunct Lecturer

    May 2007 - Mar 2015

  • Management Accountant

    Feb 2010 - Dec 2010

  • Financial Accountant

    May 2008 - Jan 2010

  • Treasury Accountant

    Jul 2005 - Apr 2008

  • Assistant Accountant

    Jun 2003 - Jun 2005

  • Cashier, University Cafeteria

    Aug 1996 - May 2003
• 

  Deacons Kenya Ltd

  Dec 2010 - Nov 2012

  Senior Accountant Financial Reporting

  Financial reporting which includes weekly sales& profitability reports by brand, by shop and country and monthly financial reports for review at the weekly management meeting, and financials for third& related parties. Oversight of the accounting team(all the different functions within the department)Achievements;*Initiated a reorganization of the finance department towards a functional structure from the previous brand-wise structure to encourage segregation of duties and consequently enhance internal controls. Because of enhanced controls, the discovery was made of fraud by a shop manager of over 1 million Kenya shillings, saving the organization further losses.*Developed a program for audit preparedness that ensured financial reporting for all subsidiaries and the parent company was timely and complete, cutting audit time by 10+ days. Show less

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  Kenya Private Sector Alliance (KEPSA)

  Jan 2012 - Jan 2014

  Finance Manager

  Sound financial management is my passion, its what i do on a daily basis- am totally sold out to this. I implement systems to ensure the wheels of finance in my organization are well oiled to run the long haul and deliver world class service and results.Achievements;*Ensured that the quarterly meetings of the finance board committee were timely. Prepared and presented all requisite reports, ensuring that information availed facilitated decision-making.*Initiated and trained accountants to prepare automated bank reconciliations in the accounting system, previously these were prepared manually*Successfully led the implementation of the migration of financial record keeping on Quickbooks to the SAP ERP system. Show less

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  KRA(KENYA REVENUE AUTHORITY)

  Mar 2013 - Mar 2016

  Committee Member

  • Vetted applicants to act on behalf of taxpayers as Tax Agents at Kenya Revenue Authority (KRA).• Collaborated with committee members to ensure compliance with tax regulations.• Reviewed and analyzed applications to ensure the integrity of the tax agent selection process.

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  Water For People

  Jan 2014 - Jan 2017

  Africa Region Finance& Administration Manager

  -Prudence in financial management in the African region of a global company with projects in 12 countries: Asia, South America, and Africa.-Oversight of accounting teams in the African region-Consolidated regional financial reports that influence Senior Management's decision-makingAchievements;*Developed a model to identify savings on donor contracts because of Foreign Exchange differences, resulting in additional milestones and increased transparency in donor reporting.*Led a team of 3 finance managers and 5 accountants in the 4 countries in the Africa region to achieve departmental goals, including training, them on various aspects of financial transactions and report generation in the NETSUITE ERP.*Devoted 50+ hours to developing a template for the consolidated regional budget that improved the accuracy of budget consolidations and reduced time spent by 5 days; the model was rolled out to other regions to work with. Show less

• 

  Moi University

  Mar 2017 - Mar 2020

  Board Director

  • Led the Audit, Risk, and Compliance Committee as the Chairperson, ensuring governance and compliance at Moi University.• Collaborated with fellow board members to provide strategic leadership and oversight for the institution.• Implemented policies and procedures to enhance transparency and accountability in university operations.

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  Kenya Private Sector Alliance (KEPSA)

  Jan 2018 - Dec 2024

  Chief Finance Officer

  I returned to KEPSA at the request of its leadership, following my exemplary performance from 2012-2014 and a successful 3-year term in a regional role within the NGO sector. As Chief Finance Officer, I oversee all financial aspects, including budgeting, financial reporting, and audit coordination. I lead the annual budgeting process, develop budgets for funding proposals, and have revamped financial reporting processes to enable real-time course correction for the executive team.Achievements;*Initiated the upgrade of the financial reporting of the company from International Financial Reporting Standards (IFRS) for SME to reporting under full IFRS*Orchestrated a complete overhaul of financial reporting by optimal use of the SAP ERP thereby reducing reporting time by 50%*Created a cashflow monitoring and forecasting model that informed cash positions at any given point, which informed faster decision-making and tracking of results*Part of the team that developed a funding proposal on behalf of the Company to the Mastercard Foundation under the Young Africa Works (YAW) program and specifically prepared the Budget for the proposal for 10 million US Dollars that was awarded to the organization in 2020 for the project “Ajira Digital Program” Show less

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  Moi University Pension Scheme

  Jul 2019 - now

  Member Board of Trustees
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  Moi University Provident Fund

  Jul 2019 - now

  Member Board of Trustees
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  Moi University

  Nov 2020 - Nov 2023

  Board Director

  In my role as Board Director at Moi University, I provided leadership and oversight to ensure the institution's success. I chaired the Audit, Risk and Compliance Committee, focusing on regulatory compliance and financial transparency. Collaborating with fellow board members, we set strategic direction and policies to drive the university forward.