Michael Ndarahi

An experienced Accountant CPAK, B.sc and M.sc

CAREER OBJECTIVE

As a highly successful and competent leader with diverse experience in Accounting and Financial Management, my objective is to utilize my experience and knowledge of accounting principles, theories and best practices as well as my strong independent planning and analytical skills to contribute towards both organizational and personal growth.

CAREER ASPIRATION

As an Accounting Professional my aspiration is to continually develop my skills, knowledge, experience, personality and education to help organizations become financially liquid, profitable and highly competitive in the industry.

WORK EXPERIENCE

Pegler Paints Limited                                                                                    May 2018 -To date

Senior Accountant

Duties and Responsibilities
• Pegler Paints is a manufacturing factory of Paints. Am in charge of the financial decisions of the company.
• Ensuring that the Accounting system SAGE is up to date by Preparing, Compiling and analyzing financial information for entry into the system.
• Preparing and monitoring monthly manufacturing accounts, management accounts and financial reports.
• Doing bank reconciliation on a monthly basis for all bank Accounts.
• Processing the payroll, preparing and submitting of all statutory deductions PAYE, VAT, NSSF
• Managing the finances to ensure adequate liquidity, settlement of payables and other creditors.
• Financial planning, budgeting and maintaining an up-to-date asset register.
• Establishing and maintaining effective financial and accounting policies, procedures and systems for the organization.
• Manager in formulating funds proposals, negotiating contracts and preparing financial reports to the board. 

Key achievements
• Setting a Financial System which is used to assess the viability of the current cashflow requirement of the company

Daima Group Limited                                                                         March 2016- April 2018

Senior Accountant

Duties and Responsibilities

• Directing the organization’s financial planning and accounting practices as well as its relationship with financial institutions and other stakeholders.
• Ensuring that the accounting system is up to date by Preparing, Compiling and analyzing financial information for entry into the system.
• Overseeing the investment docket in the Company by identifying potential opportunities, evaluating, monitoring, reviewing and making projects recommendations.
• Preparing and monitoring monthly management accounts and financial reports.
• Doing bank reconciliation on a monthly basis for all bank Accounts.
• Facilitating the external audit process by ensuring timely audit is done by the external auditor.
• Processing the payroll, preparing and submitting of all statutory deductions PAYE, VAT, NSSF
• Managing the finances to ensure adequate liquidity, settlement of payables and other creditors.
• Financial planning, budgeting and maintaining an up-to-date asset register.
• Identifying, implementing and benchmarking best practices in financial management.
• Establishing and maintaining effective financial and accounting policies, procedures and systems for the organization.
• Manager in formulating funds proposals, negotiating contracts and preparing financial reports to the board. 

Key achievements

• The group has invested in different sectors in the economy, I was involved in negotiating a real estate project financing (Engineering Planning Construction - (EPC)) which the group will earn k.sh. 500 million
• Setting a Project Financial System which is used to assess the viability of any venture on a short term and long term.
• Developed a comprehensive daily reporting schedule that was simple and easy to understand with each account easily reconcile with the next.

Samchi Telecommunication Limited                                                                                                                            

Senior Accountant                                                                                May 2012 – February 2016

Duties and Responsibilities

• Providing and interpreting financial information; budgets, accounts and financial statements; financial analysis on the reports and advising accordingly by compiling key business metrics.

• Monitoring and interpreting cash flow, predicting future trends, and maintaining an optimum Working Capital. Interpret the results to management and recommend appropriate improvement

• Developing financial management mechanisms that minimise financial risk; controlling income, cash flow and expenditure. Conducting reviews and evaluations for cost-reduction opportunities; Engage in on-going cost reduction analyses in all areas of the company.

• Managing a company's financial accounting, monitoring and reporting systems (Database)

• Liaising with auditors to ensure annual monitoring is carried out; developing external relationships with appropriate contacts, e.g., auditors, bankers and statutory organisations.

• Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis, ensuring that internal controls are fully implemented.

• Review and monitoring bank reconciliations of all bank account, and all items are promptly addressed and cleared.

• Oversee the monthly payroll processing and submitting of all statutory deductions on a timely basis, i.e., PAYE, NSSF, NHIF and VAT. 

Key achievements

• Training of 35 branch manager on the new reporting software installed for effective reporting and accurate data.

• Formulating strategic analysis which assists in financial planning and development of short term and long term financial strategies.

• Developed a comprehensive daily reporting schedule that was simple and easy to understand with each account easily reconcile with the next.

• Working capital requirements on a daily basis reduced by K.sh. 1 million being a result of the new reporting schedules. 

Kenya Railway Golf Club                                                                                                                        

Senior Accountant                                                                                January 2009 – April 2012

As the Head of the Club Finances, am answerable to the Finance Committee. My Main responsibilities are: -

• Head the Accounts Department and advice on the Clubs Financial Resources Management.

• Preparation of monthly Financial Statements i.e. Trading Profit and Loss, Balance sheet, Suppliers and Members Accounts status.

• Maintaining of Debtors / Creditors Ledger i.e. verifying that invoices are booked, ensuring accurate and timely entry of all account information to the system.

• Preparing monthly cash flow planning, forecasting and budgeting i.e. matching payment to available income to maintain positive bank balance.

• Bank reconciliation of all bank account, Operations Account, Development current accounts and items are promptly addressed and cleared.

• Preparing annual audit schedules and facilitating audit by external auditors. 

Key achievements 

• Updated the Pastel Accounting Program; the accounts were un-reconciled for two years. The accounts and system was audited within six months. 

• Established a cost management schedule for the kitchen and club, significantly reducing wastage and cost per unit.

• Developed simple management report (Daily Management Reports); used to make daily management decision.

Nyari Residents’ Welfare Society 

Accountant / Manager                                                                      June 2004 – December 2008

• Weekly cash flow planning and forecasting i.e. matching payment to available income to    maintain positive bank balance.
• Bank reconciliation of current accounts and items are promptly addressed and cleared.
• Fixed asset register maintenance, which entails ensuring all assets are carried in the books and charged depreciation as appropriately.
• Coordinating daily cash and cheque banking and liaising with bank for payment to suppliers   and employee expenses.
• Monthly payroll processing and submitting of statutory deductions on a timely basis.
• Organising, directing and supervising of society’s employees.

Key achievements

• Involved in developing the appropriate ERP software for the society.

• Improve the membership’ compliance and payment of their dues by 70% due to an efficient office and services provision. 

The Nairobi Hospital        

Accounts Assistant                                                                    1st August 2003 -30th May 2004

As an accounts assistant, I was answerable to the Clinical Accountant. The following were my key responsibilities: -

• Receiving and receipting cash from clients.
• Processing receipts through credit cards and banking.
• Preparing report on absconds and patients given services.
• Ensuring the correct claim form is filled as per corporate scheme.
• Processing external prescription, laboratory and x-ray request.
• Posting charges to the medic system and episodes.
• Maintaining good customer relations to both in and out patients.

EDUCATION & TRAINING

Professional Qualifications

Kenya Methodist University – Nairobi, Kenya.

•    Masters of Science in Finance and Investments – (GPA- 3.73) and 

My thesis was titled: - Analysis of the determinants of financial distress in Selected Saccos’. May (2011) to April (2014)

Catholic University of Eastern Africa – Nairobi - Kenya

• Bachelor of Science in Mathematics Degree in Statistics (Upper Second Class-Honours). 

      August (1999) - April (2003)

Strathmore College

• Certified Public Accountant (CPAK – REG.  NO. 4075). January (1998) - December (2004)