Paul Mwanzia

Experience

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  Kenya Power

  Sept 2018 - Dec 2019

  Internship Trainee

  Provided support in the preparation and maintenance of financial reports, including income statements, balance sheets, and cash flow statements, ensuring adherence to accounting standards.•Aided in the maintenance and reconciliation of the general ledger, ensuring the accuracy of financial transactions and accounts.•Managed local & oversea supplier accounts, including invoice processing and reconciliations•Conducted monthly balance sheet reconciliation preparations and collaborated with the internal controls team to review the results.•Demonstrated proficiency in reconciling financial transactions between affiliated entities, ensuring accuracy and alignment with accounting standards.•Worked closely with auditors to facilitate audits, maintain necessary documentation, and address audit findings.•Collaborated within Cross-Functional Teams to Deliver Financial Support and Strategic Insights.•Contributed to Month-End and Year-End Closing Processes, Ensuring Precision and Regulatory Compliance Show less

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  Car and General

  Jan 2020 - Feb 2021

  Financial Accountant

  Receiving and verifying payment instructions such as cheque, petty cash and imprest requisitions, salary advances, claims, bills and invoices etc.•Compiling, sorting and checking payment instructions to ensure that calculations are correct and supported by receipts and other relevant documents before posting details of financial transactions.•Forwarding payment documents for approval as well as ensuring that all cheques are duly signed by authorized cheque signatories.•Preparing cheque payments and forwarding them for approval as well as ensuring that all cheques are duly signed by authorised cheque signatories.•Compiling payroll data, calculating statutory and other deductions to be withheld, as well as reconciling errors to maintain payroll records.•Reviewing computed salaries and corrects errors to ensure accuracy of payroll. Also, records changes affecting net salaries, such as imprest recoveries to update master payroll records.•Dispatching cheques to staff, bank, creditors, clients and statutory bodies such as NSSF, NHIF, Nairobi City County Government, Insurance Companies etc.•Receiving, verifying and posting daily collections and banking the same in relevant accounts.•Receiving bank statements and checking balances against verifiable documents.•Maintaining accounting records, filing documents and ensuring that all records are properly shelved for rapid retrieval.•Collecting payments related to sale of publications and use of transport van.•Compiling reports to show statistics, such as cash receipts and expenditures, accounts payable and receivable and other items related to financial transactions Show less

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  Cummins C&G Ltd

  Mar 2021 - now

  Financial Accountant

  •Prepare and maintain accurate financial reports, including income statements, balance sheets, and cash flow statements, in compliance with accounting standards and regulations.•Drive monthly financial statement close process ensuring timely closure and opening of the subledgers and general ledgers to entrench consistency in financial reporting process.•Produce monthly management reporting packs including performance insights and comments•Develop, monitor, and report on budgets and financial forecasts to support effective financial planning and control•Regular monitoring and review of all GLs for accuracy, and appropriateness of general ledger entries.•Regular review, reconciliation, and settlement of intercompany account.•Support entity financial accounts team on technical accounting issues.•Maintain and reconcile the general ledger, ensuring the accuracy of financial transactions and accounts.•Collaborate with internal and external auditors to facilitate audits, provide required documentation, and address audit findings•Develop and maintain financial policies and procedures to ensure consistency and compliance across the organization.•Analyze and explain budget-to-actual variances to aid decision-making and cost control•Utilize accounting software (SAP) to maintain financial records and streamline processes.•Prepare and maintain financial documentation and ensure all records are well-organized and readily accessible.•Ensure compliance with relevant financial regulations, accounting principles, and industry standards.•Participate in and manage financial projects such as system implementations, process improvements, or cost-saving initiatives.•Stay updated with changes in accounting standards and regulations to adapt and implement best practices.•Lead the month-end and year-end closing processes, ensuring accurate financial statements and compliance. Show less