Schmeichael Peter Nyaanga CPA,K

Experience

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  Uwezo Kenya

  May 2011 - Aug 2011

  Community Volunteer

  • I helped in Data collection on performance of pupils with free primary education system• I was in charge of feasibility studies on potential company investments.• I did regular monitoring of the purchases of consumables and reporting these to senior manager.• I helped controlling the Expenses during field.• I helped in producing expense reports and investigating variances.

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  Muhoroni Sugar Company

  Dec 2011 - Apr 2012

  Accounts Intern

  • Ensuring accuracy and efficiency of operations, processing and receiving of payments• Process accounts and incoming payments in compliance with financial policies and procedures• Perform day to day financial transactions, including verifying, classifying, computing, posting and recording accounts receivables’ data• Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted.• Verify discrepancies by and resolve clients’ billing issues• Maintain accounts receivable customers files and records to date.• Generate financial statements and reports detailing accounts receivable status • Prepare and maintain an up to date daily recording of transactions and input data into the accounting system• Ensure that the company’s daily accounting functions run accurately and effectively• Ensure proper book keeping, documentation and filing of the company documents Show less

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  Africa College of Aviation and Management

  Apr 2012 - Aug 2013

  Tutor and Internal Auditor

  • Financial Auditing - Ensure accurate recording and reporting of financial transactions, verify compliance with financial regulations and internal policies and Review budget adherence and detect irregularities.• Compliance Auditing - Ensure the college complies with government regulations, accreditation requirements, and grant agreements, Review adherence to institutional policies and procedures and Conduct risk assessments related to compliance.• Operational Auditing - Assess the efficiency and effectiveness of college operations and identify opportunities for process improvements and Evaluate the effectiveness of internal control systems.• Risk Management - Identify and assess financial, operational, and compliance risks and Recommend mitigation strategies and monitor their implementation.• Governance and Policy Reviews - Assist in developing and reviewing institutional policies and procedures, Advise college leadership on governance improvements.• Performance Auditing - Evaluate the achievement of institutional goals and objectives, Assess the effectiveness of resource utilization, including faculty, facilities, and technology.• Fraud Detection and Prevention - Identify potential fraud, misconduct, or misappropriation of funds, Develop and implement fraud prevention controls and Conduct investigations and report findings.• Reporting - Prepare audit reports with findings and recommendations, Present audit outcomes to the management and board, Follow up on the implementation of audit recommendations.• Internal Control Assessment- Evaluate the design and effectiveness of internal controls, recommend enhancements to safeguard institutional resources. Show less

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  OSullivan Associates International

  Nov 2013 - Mar 2020

  Accountant/Administrator

  • As a head of accountant responsible for Office administration, resolve clients billing issues and ensure smooth running of the company.• Provide leadership to the Accounts Clerks, subordinate staff and review their work ensuring that accounting records are accurate and adhere to IFRs.• Maintain a proper fixed asset register and lead the effort to integrate it to the general ledger• Establish, maintain and coordinate the implementation of accounting control procedures. • Prepare regular cash flow reports. • Preparation of quarterly management reports. • Coordinating banking and posting of cheques and cash receipts. • Liaise with internal and external auditors in completing audits. • Periodical reconciliation of the nominal ledger control accounts and bank statements. Payroll processing, allowance tabulations and payments make payments: NSSF, NITA, NHIF, VAT and PAYEE. • Document management- ensuring safe custody and maintenance of vital office documents.• Accounts payables management vis-à-vis cash flow management. • Procurement and asset management Marketing and customer care services. • General office administration and operations Show less

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  Izwe Kenya

  Dec 2020 - now

  •Financial Reporting –Preparation of financial statements such as balance sheets, income statements, and cash flow statements, Provision insights and recommendations based on financial data.•Financial Record Keeping- Maintain accurate records of all financial transactions, Ensure data integrity and proper documentation of financial activities.•Budgeting and Forecasting -Assist in creating and managing budgets, Analyze variances between budgeted and actual financial performance.•Tax Compliance and Preparation - Preparation and filing of tax returns in accordance with legal requirements, ensuring compliance with tax regulations and identifying of tax-saving opportunities Ensuring that the organization complies fully with tax remittance and deduction in regard I.e., VAT and WHT, PAYEE, and all statutory expenses.•Auditing - assessing the accuracy and completeness of financial records and assisting in the preparation of External and internal audits.•Accounts Payable and Receivable Management - Monitor and manage payments to suppliers and collections from customers, Maintenance of accurate accounts payable and receivable records.•General Ledger Management - Reviewing of GL items and reconciliation, preparing, and processing end months’ journals, and maintaining an approved list of open items for the balance sheet, allocate transactions to appropriate GL codes and Ensure proper reconciliation of general ledger accounts.•Cash Flow and Treasury Management - Manage cash flow to ensure liquidity for daily operations and Handle investments and bank accounts for the organization.•Financial Analysis and Advisory - Analyze financial data to identify trends and areas for improvement and also Provide strategic advice to management based on financial analysis.•Cost Control and Analysis - Monitor expenses to ensure cost efficiency and Perform cost analysis for business projects and activities. Show less 1. Financial Management- Overseeing and managing the organization's financial planning and budgeting, Monitoring cash flow, accounts receivable, and accounts payable and Ensuring adequate funding and liquidity for operations.2. Budgeting and Forecasting - Developing, monitoring, and evaluating budgets, preparing financial forecasts to support strategic decisions, Identifying variances between actual and budgeted figures.3. Financial Reporting - Preparing and analyzing monthly, quarterly, and annual financial reports, ensuring compliance with financial reporting standards, Presenting financial data to management and stakeholders.4. Compliance and Risk Management - Ensuring compliance with financial regulations and internal controls, Monitoring and mitigating financial risks, managing audits and implementing audit recommendations.5. Accounting and Reconciliation - Reviewing and maintaining accurate financial records, Handling ledger reconciliations and allocation of GL codes and Ensuring timely month-end and year-end closures.6. Payment Processing and Treasury Functions - Managing payment processing, including foreign currency transactions, overseeing treasury functions, including cash management and investments, Liaising with banks and financial institutions.7. Policy and Procedure Development - Developing and improving financial processes and procedures, Ensuring best practices in financial operations.8. Stakeholder Engagement - Coordinating with departments to ensure financial alignment, Advising management on financial strategies and resource allocation, Building relationships with external auditors, regulators, and financial institutions. Show less • Writing of Cheques and Cheques custodian• Making of payments • Responsible for receipting and banking of company cheques• Handling of filling of NHIF, PAYE, NSSF, WHT i.e Making payments and returns delivery• Posting of payments and deposits to the G.P system• Assist in Managing both external and internal audits• Ensuring the right Cheques have been taken to the bank for depositing• Ensuring the existence of proper accounting systems that facilitate the recording and production of accurate and timely financial information and report• Expense analysis and Preparation of monthly Management Accounts• Monitor the day-to-day financial operations within the company, such as loans disbursement, payroll, invoicing, and statutory payment.• Review of accounts payable and accounts receivable and bank reconciliations.• Manage cash flows, Act as a bank agent i.e collection of Cheque books, statements and Cashing of Petty cash.• Effectively respond to debtors and creditors disputes.• Managing Bank relationship• Manage fixed asset process and policy Show less

  • Accountant

    Oct 2023 - now

  • Finance Officer

    May 2022 - Sept 2023

  • Assistant Accountant

    Dec 2020 - Apr 2022