David Shikumo, PhD.

Experience

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  National Housing Corporation (NHC)

  Jun 2010 - Sept 2010

  Finance Intern

  Achievements:• Spearheaded diverse financial responsibilities, including preparation and reconciliation of the petty cashbook, maintenance of Tenant Purchase subsidiary accounts, analysis of arrears, and opening accounts for new clients. Achieved meticulous accuracy in these tasks, leading to a 15% reduction in reconciliation errors and streamlined client onboarding.• Demonstrated efficiency in analyzing, batching, and posting payment vouchers in the financial management system, significantly reducing processing time by 20% and contributing to an organized and streamlined payment process.• Prepared rent invoices and demand notes with precision, ensuring timely and accurate billing. This resulted in a 10% improvement in payment punctuality from clients.• Successfully managed the office petty cash, maintaining accurate records of disbursements and replenishments, ensuring financial integrity. This contributed to a 100% compliance rate during internal audits. Show less

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  Kenyatta National Hospital.

  Jun 2011 - Sept 2011

  Accounts Intern

  Achievements:• Orchestrated a multifaceted role in healthcare finance, which included preparing patient bills during discharge, crafting invoices, maintaining a daily payment schedule, generating cash flow reports, and managing the department's petty cash. This comprehensive approach led to a 20% increase in on-time patient payments, a 15% reduction in invoicing errors, and minimized payment delays, ultimately bolstering the department's cash flow.• Through meticulous cash flow reporting, provided valuable insights into the department's financial health, empowering stakeholders to make informed decisions, allocate resources effectively, and navigate fiscal challenges with confidence.• Effectively managed the department's petty cash, ensuring strict control and accountability, resulting in zero discrepancies and achieving 100% compliance during internal audits. This optimized the utilization of funds and contributed to enhanced financial efficiency and transparency within the department. Show less

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  Uwezo East Africa

  Jun 2012 - Dec 2012

  Assistant Accountant

  Achievements:• Provided integral support to research and communication officers by efficiently preparing payment vouchers, and ensuring the accuracy and timeliness of financial transactions. This resulted in improved financial efficiency and transparency.• Demonstrated expertise in updating and posting transactions in QuickBooks, enabling real-time tracking and organization of financial data, leading to a 15% reduction in processing time and enhanced data accuracy.• Utilized QuickBooks for meticulous reconciliation of the cashbook with bank statements, maintaining impeccable financial accuracy and compliance. This contributed to zero reconciliation discrepancies and improved financial decision-making.• Strictly adhered to established policies and procedures while verifying payment vouchers, ensuring complete compliance and transparency, and minimizing financial risks.• Collaborated effectively with the accountant to prepare financial reports, contributing to clear, comprehensive, and informed financial statements, which enhanced stakeholder confidence and decision-making.• Assisted in payroll processing and management, guaranteeing timely and precise compensation for employees, reducing payroll errors by 10%.• Skillfully managed donor grants and ensured compliance with International Financial Reporting Standards (IFRS) in grant reporting, strengthening donor relationships and trust.• Managed asset inventory, maintaining up-to-date records, facilitating efficient resource allocation, and reducing losses by 15%. Show less

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  I&M Bank Ltd

  Jan 2013 - Oct 2016

  Credit Risk Analyst

  My contributions include: -• Led the review and appraisal of credit applications/proposals, conducting in-depth assessments of borrowers' financial statements to determine financial needs and repayment capacity. This meticulous approach led to a 10% reduction in non-performing loans.• Identified and highlighted risks associated with credit applications, ensuring that appropriate mitigation measures were in place. This proactive risk management approach resulted in a 15% decrease in credit-related issues.• Screened credit applications and enforced adherence to established standards and procedures by the relationship teams, guaranteeing that appropriate pricing was quoted, leading to more competitive and profitable credit terms.• Ensured strict compliance of credit facilities granted by the Bank to Bank credit policies and government regulations, mitigating potential legal and regulatory risks.• Collaborated with the system team to ensure accurate capture and adjustment of interest rates and commitment fees, resulting in a streamlined and error-free process• Spearheaded the preparation of letters of offer and internal credit security documents for the Corporate Segment, facilitating quicker and more efficient movement of offers between signing authorities and Corporate/branches.Key Achievements: -• Reduction in non-performing loans. Show less

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  Kisii University

  Sept 2016 - Apr 2020

  Part-Time Lecturer

  Achievements:• Taught a range of critical finance and accounting units, including Business Mathematics, Financial Accounting, Taxation, Auditing and Assurance, Financial Management, and Management Accounting. This comprehensive curriculum equipped students with a well-rounded understanding of financial concepts and principles.• Prepared and delivered engaging lectures, fostering an interactive and dynamic learning environment. Administered examinations to assess students' comprehension and knowledge retention. • Mentored Masters and Undergraduate students, providing valuable academic and career advice. Show less

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  Commission on Revenue Allocation

  Nov 2016 - now

  • Provide technical advice and oversee the implementation of strategies for effective natural resource exploitation and revenue sharing.• Promote local capacities in sustainable natural resources management and fiscal planning.• Conduct mapping exercises to identify and catalog Kenya's natural resources, informing decision-making processes and collaborations with stakeholders.• Device strategies to enhance revenue from natural resources in Kenya.• Championing natural resource policies, reforms, management, and resultant revenue sharing. Show less My contributions include: -• Supervised a team of Assistant Fiscal Analysts, providing day-to-day guidance and support in their activities, fostering a cohesive and high-performing team.• Prepared and presented recommendations to county and national governments based on comprehensive financial performance analyses. These recommendations guided governments in addressing financial challenges, enhancing efficiency, and maintaining compliance with public finance legislation.• Analyzed budget documents of county and national governments, assessing their adherence to financial discipline and public finance legislation. This scrutiny ensured transparency and accountability in financial management.• Provided valuable technical assistance to county governments on public finance matters, revenue enhancement, and capacity building related to county revenue laws, policies, and fiscal decentralization. This support contributed to improved financial governance and resource management.• Identified alternative climate-smart financing opportunities for county governments, promoting sustainable and environmentally responsible financial solutions.• Coordinated and meticulously accounted for donor funding from prestigious organizations like UNDP Kenya, UN Women, EU, World Bank Group, UK Aid Direct, and others. This ensured the effective utilization of external support for the benefit of the organization and county governments.Key Achievement:-• A technical member in the development of County Governments’ Recurrent Budget Ceilings for multiple fiscal years, a critical component of the County Allocation of Revenue Act (CARA).• A technical member in the preparation of the County Fact Sheets - 3rd Edition, a valuable resource providing essential information on various counties.• Successfully trained County Budget and Economic Forum (CBEF) members on the county budgeting process, enhancing their understanding and effectiveness in contributing to fiscal governance. Show less My contributions include: -• Conducted research on fiscal development strategies within both developing and developed economies. My findings provided a knowledge base for crafting effective financial policies and strategies.• Analyzed county budgets, county fiscal strategy papers, county finance bills, and national treasury budget policy statements. My reports on these documents facilitated transparency and accountability in financial management.• Assisted in the preparation of the county government's recurrent expenditure budget ceilings, a critical step for approval by the Senate of Kenya and incorporation in the County Allocation of Revenue Act (CARA).• Coordinated and accounted for donor funding from organizations such as the UNDP, European Union (EU), and World Bank Group. This ensured the effective utilization of external support for the organization and county governments.Key Achievements:-• Initiated the County Creditworthiness Initiative (CCI) to facilitate County Governments' access to finance through the capital market for public infrastructure development and service delivery. This groundbreaking initiative expanded financial opportunities for counties.• Facilitated the credit rating of Bungoma, Laikipia, Kisumu, Makueni, Mombasa, and Nyandarua county governments under the County Creditworthiness Initiative (CCI). This achievement improved the financial credibility of these counties and attracted investment for development projects.• Served as a member of the Inter-Agency Technical Committee (IATC) responsible for the identification, verification, validation, and transfer of Assets and Liabilities of the National Government ministries, departments, agencies, and institutions related to devolved functions to the respective county governments. This exercise promoted smooth and accountable transition of assets and liabilities, a critical aspect of devolution. Show less

  • Interim Manager, Natural Resources Management

    Feb 2024 - now

  • Fiscal Analyst

    Apr 2021 - now

  • Assistant Fiscal Analyst

    Nov 2016 - Mar 2021
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  Commission on Revenue Allocation Staff Welfare Association

  Mar 2019 - now

  Treasurer and Comptroller

  Achievements:• Overseeing various financial functions, including the preparation of payment vouchers, processing payments to staff welfare members, and reconciliation of cashbooks with bank statements. This comprehensive approach enhanced financial accuracy and transparency, reducing errors and discrepancies by 15%.• Prepared and disseminated financial reports to staff welfare members during the Annual General Meeting (AGM). These reports provided detailed insights into the organization's financial health, financial decisions, and budget allocations, ensuring members had the information needed for informed discussions and decision-making.• Fostered trust and confidence among staff welfare members by consistently delivering transparent financial reports. This trust led to increased member engagement and participation in welfare activities.• Beyond financial reporting, played a role in educating staff welfare members about financial matters, empowering them to make informed financial decisions in their personal lives. This financial literacy initiative added value beyond the immediate organizational context.• Actively sought opportunities to improve financial processes and controls, implementing more efficient payment processing systems that reduced processing times by 20%, resulting in enhanced financial efficiency. Show less

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  Kenya Mennonite Church - Eastleigh Fellowship Centre

  Jan 2020 - Dec 2021

  External Auditor

  Achievements:• Conducted data collection on information systems and processes of auditee institutions, ensuring the accuracy and reliability of financial documents. This meticulous approach enhanced the credibility of financial reporting.• Obtained an in-depth understanding of each function within auditee institutions, facilitating a holistic perspective during audits and enabling a more thorough assessment of financial controls.• Performed comprehensive assessments of the adequacy and effectiveness of accounting and internal control systems. This rigorous evaluation ensured the integrity of financial transactions and expenditures, leading to a 20% reduction in financial discrepancies.• Conducted entry and exit meetings with auditee institution management, fostering open communication channels, and facilitating a collaborative approach to addressing audit findings.• Prepared and presented audit reports, providing clear and actionable insights to auditee institutions. This contributed to informed decision-making and proactive improvements in financial management.• Prepared management letters that outlined key findings and recommendations for improvement, assisting auditee institutions in enhancing their financial controls and operations. Show less

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  Journal of Finance and Accounting - Science Publishing Group, USA

  Jan 2021 - now

  Peer Reviewer

  Achievements: -• Conducted comprehensive reviews of submitted manuscripts, going beyond surface evaluations to assess the rigor of research methods, the clarity of presentation, and the significance of contributions. By providing insightful feedback and suggestions, I actively contributed to the improvement of research quality.• Played a vital role in maintaining the academic rigor and integrity of the Journal. My detailed assessments and constructive comments ensured that only high-quality research was accepted for publication, reinforcing the reputation and credibility of the Journal.• Acted as a mentor to aspiring researchers, particularly for those whose papers required revisions. By guiding authors in improving their manuscripts, I facilitated their growth and development, ultimately contributing to the advancement of academic scholarship.• Actively participated in the dissemination of knowledge and the advancement of academic discourse. My reviews and decisions played a role in shaping the academic landscape and influencing the direction of research.• Engaged with the academic community and researchers on a global scale, forging connections and collaborations that extended beyond the review process. This interaction contributed to a broader exchange of ideas and enriched the scholarly network. Show less

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  Jomo Kenyatta University of Agriculture and Technology (JKUAT)

  Jan 2022 - now

  Part-Time Lecturer

  Achievements:• Developed and delivered a diverse curriculum encompassing Investments, Behavioral Finance, and Financial Management. This comprehensive approach provided PhD and Masters students with a well-rounded education in financial disciplines, preparing them for diverse career paths.• Supervised research theses/Dissertations for PhD and Masters students, ensuring rigorous academic standards and contributing to the body of knowledge in their respective fields.