Consulting Partner
JKMUTISO &ASSOCIATES
Total years of experience :21 years, 1 Months
Certified Public Accountants (K) April 2019 To date Consulting Partner
•Financial planning and budgeting
•General finance, Audit and book keeping consultancies Financial & Administrative systems set-up
•Internal audits and external auditing Assignments
•Taxation services
•General ledgers reconciliations and balances transfers.
•Financial systems and reporting review
•Consultancies on private Finance
•Private companies full Audits
•Private companies book keeping
•Private companies and individual kra returns consultancies
•Disputed Returns liaisons and amended returns
Set up clear targets for collection and management of Receivables pertaining Agents as well as execution of the targets.
•Identify opportunities for business liquidity by collections and implement strategies to take advantage of them.
•Submit quality and accurate business reports in a timely manner for review by Credit Control Manager and the Chief Finance Officer.
•Conduct field work with branch accountants and Agents when necessary to support their business development activities.
•Conduct regular workshops and Seminars aimed at communicating and developing collection skills and business management for agents and branch staff.
•General point of contact with over 600 Sales Agents on Commissions payments, Collections and Reconciliations.
Team leader for External Audit by PWC. Successfully lead the Audit of AIG Financials on all schedules, Bank reconciliations and General Ledger reconciliations as well as General Operating expenses to completion and satisfaction of the Insurance Regulatory Authority as well as the external Audit team.
•Monthly reconciliation of Balance sheet accounts as allocated (e.g. Accruals, Prepayment, Payroll control).
•Daily Reconciliation of Citi and CBA Bank accounts and cashier collections.
•Monthly adjustment and passing of Standard Expenses Journal.
•Monthly back to front reconciliation of allocated accounts.
•Preparation of audit schedules as and when required
•Monthly review of general operating expenses, compare with budget and prior and advise the Chief Accounting Officer (C.A.O) on any required adjustments.
•Monthly Computation and timely payment of premium taxes, Policy Holders Compensation Fund, Insurance Training Levy and filling of the returns.
•Close of any audit issue and enforcement of Standard Operating Procedures.
•Year-end Insurance forms and Premium tax returns.
Supervision of branch daily collections and banking's
•Payment of none claims payables to suppliers.
•Monthly taxes payments.
•General ledgers reconciliations as assigned.
Achievement:
•Turned business around from loss making positions to profitability by stock controls and daily bank reconciliations.
•Timely reporting leading to quick decisions that lead to high liquidity levels.
•External Audit lead and support to the satisfaction of the external auditors as well as the local regulator Kenya Revenue Authority (KRA)
•Successful branch Audits that lead to opening of more branches and tap on the revenues as a result of adequate controls leading to zero losses
Achievement:
•Proper accounting function set up including proper records keeping and reporting
•Successful Introduction of proper budgets on revenues and Expenses hence monitoring for variances throughout the operating period with remedy for any variance on monthly basis.
•Set up payment procedures and liquidity ratios to be maintained for smooth operations.
•General setup of controls leading to breakeven of the business venture.
Achievement: Brought down overdraft from 20million to 10million by prioritizing payables and negotiating longer credit terms,
Developed payables reconciliation templates to be attached to invoices being paid reflecting company balances and supplier balances as well as the reconcilling items.
prioritizing and extended credit agreements.
•Reduced overdraft Monthly interest by holding positive balance over the weekends and any other time when possible.
•Designed payment vouchers that had reconciliation between supplier and Company balance reflecting as well as the reconciling items under one document.
•Designed Excel bank reconciliation templates for trail of what every entry in the cashbook cleared against. Kiliflora Ltd Arusha (Tanzania) Accountant May 2004 to Oct 2005 Achievement:
•Successfully lead the transition from Pastel to florena with all General ledgers carrying correctly reconciled and validated balances.
•Generally cleaned up historical reconciling items in suppliers' accounts as well as in stocks records.
•Build a rapport with internal and external clients leading to conducive working environment and resolving historical disputed entries.
Generally accounting work and book keeping
Generally accounting clerical works and book keeping