Sophie Njeri Mwangi

SOPHIE NJERI MWANGI +254 -|- FINANCE | ACCOUNTING Performance driven and strategic finance and accounting professional with over 5 years’ experience in driving full range of accounting operations, including preparation of corporate financial statements and credit control in high business environment. Excels at analyzing monthly expenses, developing detailed annual budgets, preparing monthly financial statements, providing financial advice and support to colleagues. Recognize subject matter expert in delivering fiscally responsible strategies to resolve financial and accounting challenges, propel growth and strength compliance. My goal is to become a valuable mutual asset by providing efficient financial and accounts expertise contributing effectively to organizational success. Corporate Accounting | Financial Reporting and Analysis | Asset Management | Forecasting and Projections | Growth & Expansion Strategies | Credit Control | Profitability & Cost Analysis | Budgeting & Cost Management | Risk Assessment |Portfolio management | General Ledger | Auditing | Accounts Receivable | Accounts Payable | ERP Systems Accountant | Rasco Communications Limited Achieved 60% recovery of debts over 90 days aging by enhanced client follow up. Spearheaded the setting up of accounts department by streamlining financial records adhered to IFRS. Grew income source by 15% through investment proposal on money markets. Reduced financial statement preparation from 20 days to 7 days. Converted all manual accounting procedures into system forms which reduced paper work by 70%. Accountant | Lyken Holdings Limited Proposed and introduced accounting software QuickBooks to increase efficiency by 70%. Introduced comprehensive monthly reporting systems and presentations for comparisons and quantifiable cost analysis which cut costs by 30%. Introduced internal controls system to eliminate money leaking loopholes by eliminating cash transactions saving up to an average of Ksh 500,000. Instilled staff culture of accountability hence increasing productivity by 21%. Efficiently reconciled and streamlined customer/supplier historical accounts which improved cash flow by 40%. Bachelor of Commerce, Finance Option,Second Class Honours, KCA University, 2013 - 2016. Certified Public Accountant-Kenya (CPA-K), KASNEB, 2012. Kenya Accounting Technician Certificate (KATC), KASNEB, 2009 Kenya Certificate of Secondary Education (KCSE), Kangubiri Girls High School, 2002 - 2005. Key Contributions & Results: Performing timely month-end closings including preparing receipts entries, analysis and reconciliation of all balance sheet accounts, preparation of monthly financial statements and preparation of other reports as required Handling statutory deductions and tax payments while observing the stipulated deadline dates of submission, this included; Income tax, VAT, PAYE, Withholding tax, NHIF, NSSF NITA levies etc. Bank accounts reconciliations and resolving various issues with banks such as cleared cheque differences, bank fee anomalies and targeted balance calculations. Preparing and reviewing monthly reconciliations of assigned balance sheet accounts and ensured that general ledger accounts are reconciled with resolution to reconciling items Managing Accounts receivables, credit control, credit risk management and new client vetting. Managing all areas of Accounts Receivable including customer bill generation, receipt and reconciliation of customer payments and customer account adjustments Processing all the approved supplier invoices, ensuring that invoices are thoroughly checked and that payment vouchers are appropriately supported and approved and signed by authorized signatory alongside the cheques. Maintaining accurate records of assets i.e. inventory as well as fixed assets, recording asset additions and disposals, calculating resulting gains and losses; tracking asset movements, computing depreciation Prepare various Audit schedules during both interim and year-end Audits. Key Contributions & Results: Prepared, examined, and analyzed accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards. Assisted in managing annual audit process, managed vat, tax and required statutory returns, submissions and payments. Processed bank reconciliations and reconciled monthly sales on QuickBooks. Handled statutory deductions and tax payments while observing the stipulated deadline dates of submission, this included; Income tax, VAT, PAYE, Withholding tax, NHIF, NSSF NITA levies etc. Boosted financial reporting and budgetary control efforts by expertly managing chart of accounts, creating new sub-accounts as well as cost and revenue centers, and incorporating relevant accounts into the trial balance. Managed customer accounts by ensuring any issues and queries are dealt with professionally and resolved quickly & efficiently ensuring no Payment Delays. Key Contributions & Results: Carried out risk and compliance procedures involving in-depth and spot check for existence, adequacy and extent of compliance with financial, accounting and operating policies, procedures and controls in all areas affecting operations and field programs. Drafted audit reports to the audit senior for discussion and review. Followed up on queries with relevant programs on the report findings. Ensured the recommendations on the audit are implemented on the concerned departments. Carried out assignments on investigative audits. Reviewed and reported on financial and operating systems that ensure that Professional standards, organization and donor requirements are adhered to. Assisted in quarterly stock take of stock & assets to ensure their safeguard, existence and correct movement as per the organization’s policies. Evaluated the accuracy, materiality and reliability of accounting records and other statistical data, and managed information developed there from. Performed audit procedures outlined in the audit programs as agreed with the Senior Internal Auditor and documented in the approved plan. Computer Driving License (ICDL), Institute of Advanced Technology, December 2011 - May 2012. Mr. Samuel Ngahu Director, Rasco Communications Limited Tel: +254 -; Email:- Mr. George Ndolo Director, Lyken Holdings Limited P.O. Box-, Nairobi Tel: +254 -; Email:- Mr. Benedict Chesire Internal Auditor, PS Kenya P.O Box-, Nairobi Tel: +254 -; Email:-