Vincent Mokua

I am a professional accountant currently working at ITF Solutions (K) since 2018. Before that I have worked in Standard Chartered Bank Kenya for 6 years in various capacities and before that I served as an Accountant at Waterman Drilling Africa ltd and as an Assistant Accountant at the Naivasha Water Sewerage and Sanitation Company Ltd.

CAREER HISTORY

Finance and Administration Officer

ITF Solutions Kenya Ltd; April 2018- Date

Duties

• Assist and support in the preparation and monitoring of budgets
• Perform bank reconciliations and other financial reports reconciliations e.g supplier account to resolve any variances or discrepancies that could occur
• Carry out responsibilities in compliance with company’s control framework to avoid penalties and fines
• Maintaining and updating a robust e-filing system for easier retrieval or reference of documents per policy and protecting confidential financial data
• Coordinate staff travel activities with that of the team’s project by arranging staff travel advances
• Ensure timely submission of statutory payments e.g  VAT, Withholding tax  and PAYE 
• Monitor cash flow balances and reconciliation on a daily basis
• Maintain accurate records of all incoming and outgoing equipment, inventory and assets
• Handle banking activities e.g Cash withdrawals, enquiries, statement requests and Deposits

• Support internal and external audits by planning and organizing audit schedules
• Ensure payments are correctly captured, supported by the required documents per process and posted in the system
• Monitoring and reinforcing internal controls and perform any other duties that may be assigned from time to time
• Prepare monthly and annual financial reports e.g Income statement, Balance sheet, Cash flow statement etc.
• Perform such other duties as requested or required of  this position

Achievements

• I have initiated cost effective measures which have significantly reduced costs. Vendor choice and debt collection has significantly improved under my watch
• I have participated in the implementation of an almost accurate budget due to well researched forecasts on market trends and other parameters that affect the budget accuracy
• I have maintained an effective e-filing and archiving system which has brought about better control, efficiency and protection to all the financial documents
• I have participated in the initiation and implementation of a robust internal control system to curb fraud and also detect errors as they occur. Part of this has been achieved from segregation of duties in all our processes which has been my input
• Timely statutory declarations which have resulted to nil penalty issues

• Nil findings on Audit reports due to my prowess in ensuring total compliance to regulations and policies
• I have aided in better decision making due to timely release of financial statements.

Senior Operations, Posting and Validation Officer

Standard Chartered Bank Kenya Ltd; June 2012-Feb 2018

Duties

• Providing intricate guidance on operational strategy, control and risk management
• Training the team on AML and sanctions guidelines
• Performing additional risk screening, analysis and duties as assigned and ensured total compliance and strict adherence to processes
• Ensuring total compliance to laid down group procedures and local regulations to ensure no legal risks emanate in the course of our duties
• Ensuring all entries are captured, posted, verified and validated according to the laid down procedures
• Driving change and overseeing innovation to enhance client experience, eliminate risks, reduce cost and improve work conditions
• Responding to queries, handled complaints and escalated the ones which require high level determination.

Achievements

• Trained the team on AML and sanctions guidelines resulting to zero penalties from our regulators
• Nil legal matters and nil penalties as I led the team to ensure total compliance to laid down group procedures and local regulations
• Ensuring all entries are captured, posted, verified and validated according to the laid down procedures
• Led a team of 5 members and ensured all conformed to zero tolerance to errors and operational inefficiencies program I set
• Driving change and overseeing innovation to enhance client experience, eliminate risks, reduce cost and improve work conditions
• Ensured due diligence and anti-money laundry activities are carried out as detailed in the Group Policy documents
• Escalated complex queries that require high level determination and closure to the Head Servicing and Transacting, Kenya and East Africa
• Conducted maintenance of the systems to ensure efficient processing of items

Accountant

Waterman Drilling Africa ltd; Jan 2011-May 2012

Duties

• Record and process all monthly revenue generated from sinking activities
• Payroll processing and reconciliations
• Support and coordinate audit activities
• Processing and filing of all taxes e-g VAT, Withholding, Income, NHIF  etc
• Petty cash management for daily operations
• Produce monthly and annual reports e-g balance sheet and the income statement
• Liaise with vendors to resolve any discrepancies on the payments
• Net working capital management

Achievements

• Accurate Daily Reconciliation of Cash book and other books of Account
• Efficient Petty Cash Management for daily operations
• Full compliance with IFRS and other Reporting Standards
• Ensuring all financial controls are in place and do adhere to the relevant guidelines
• Ensured we passed audit checks by accurately recording and availing the required documents
• Proper petty cash management
• Initiated cost effective methods to reduce operations costs

Assistant Accountant

Naivasha Water and Sewerage Sanitation; June 2009-Dec 2010

Duties

• Daily Reconciliation of Cash book and other Books of Account
• Monthly maintenance of the GR and IR Account
• Recording and processing of all revenues generated from water bills payment
• Record Monthly expenses
• Act on audit recommendations and directives
• Ensure all statutory deductions are filed on time e-g VAT, Withholding, NHIF, NSSF, HELB etc
• Detect and prevent errors and losses in cash transactions
• Thorough verification of vouchers and other committal documents to ensure compliance
• Maintained safe custody of company records and assets
• Preparation and invoicing customers promptly on the water bill due and reconciling the debtors Accounts
• Step in for the Accountant in case of absence and perform other duties as assigned by the supervisor

Achievements

• Accurate Daily Reconciliation of Cash book and other books of Account
• Ensured full compliance with the IFRS and other reporting guidelines
• Ensured we passed audit checks by accurately recording and availing the required documents
• Ensured nil errors and fraud when it came to deposit cash or making withdrawals from the bank
• Assisted the Accountant with the Payroll management duties in her absence

• Bachelor of Commerce- Egerton University; 2005-2008- Second Class honors, Upper division
• Certified Public Accountant (CPA-K), (2007-2011)
• Kenya Certificate of Secondary Education- Koelel High School; 2001-2004