Deborah Mwai

Group Financial Controller at iHub Nairobi
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Location
Kenya, KE

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Experience

    • Kenya
    • IT Services and IT Consulting
    • 1 - 100 Employee
    • Group Financial Controller
      • Oct 2017 - Present

      Reporting to the Chief Executive Officer. Leads and supervises iHub’s finance staff comprising Two (2) managers, Three (3) Finance Associates and a team of Five (5) in Operations to drive proper maintenance of all accounting systems and function while interfacing with external shareholders (banks, suppliers, consultants and internal customers) Serves as a member of the senior management team spearheading corporate policy development; Oversees all day-to-day finance operations (Procedures & Processes, Controls, Audit, and Compliance) and Financial Management and Reporting: ● Originated and pitched various budgets in different investment proposals to the potential clients, which generated significant revenues to the business. ● Enhanced timely and accurate organization-wide decision-making by generating monthly, quarterly and annual financial management reports, including predictive models and activity based financial analysis and reporting to funders, foundations and iHub’s board of advisors. ● Coordinated the development, control and monitoring of budgets by working with departmental heads on budget inputs, developing financial business plans and forecasts. ● Assisted to generate funding by participating during negotiations to broker which partnerships in the Innovation and Tech space, by representing the company to financial partners, including financial institutions, investors and foundation executives. ● Reduced major audit findings sharply year on year by building and maintaining robust internal controls and financial procedures, driving legal and regulatory compliance and staying updated with current audit best practices. Show less

    • Kenya
    • Non-profit Organizations
    • 1 - 100 Employee
    • Manager, Finance Administration and Accreditation
      • Jul 2014 - 2017

      Reported to the Executive Director and Board of Directors of the company. Finance Oversight: ● Controlled risk exposure significantly by designing, implementing and periodically reviewing internal controls, including financial and administration manual in consultation with the Board. ● Prepared monthly financial reports and Risk Assessment reports for review by management; ● Reduced book-keeping errors by posting all disbursements, payments and received transactions to the accounting software daily to maintain accurate and up to date records of all financial transactions. ● Maintained business liquidity levels within minimum thresholds which reduced operations disruption by reconciling bank accounts weekly to ensure sufficient funds for the day-to-day financial obligations. ● Administered petty cash and reconciles the petty cash account weekly; ● Resolved significant historical vendor balances by reconciling creditors and debtors accounts, renegotiating repayment terms and seeking internal approvals and preparing payments. ● Saved thousands of shillings by conducting reviews and identifying/establishing which cost-reduction opportunities for eliminating redundant services and expenses Human Resource Leadership: Recruited, managed and supervised seven (7) staff members within the Finance and Administration as well as other departments collaboratively with the Executive Director to ensure performance management of direct report staff. Accreditation Operations: ● Facilitated five (5) accreditations annually by reviewing the applications against the Accreditation manuals and communicating gaps noted and recommendations to clients. ● Reviewed annual performance against the Standards and renewal of accredited status to maintain standards as required. ●Participated in awareness, advocacy and accreditation activities as directed by the Executive Director; ● Trained four (4) of newly recruited Accreditation experts serving as a National Trainer and Assessor. Show less

    • Kenya
    • Financial Services
    • 700 & Above Employee
    • Head of Finance and Reporting
      • 2014 - 2014

      Reporting to the CEO of the company, led and developed a six (6) members finance team to steer overall control of all financial transactions and accountancy matters, including audit systems and reporting requirements. ● Led and managed the budgeting process for the departments; ● Owned the overall cash management responsibility, including overseeing KES 100,000 of imprest and Four (4) Operational and Three (3) Investment bank accounts on an ongoing basis. ● Reviewed accounts and investigated variances from budgets then setting recovery plans; ● Managed the annual CAPEX working with the accounting and finance team on evaluation and preparation of submissions. ● Cushioned business from risks by handling Insurance and ensuring statutory compliance with all regulatory requirements, and presenting monthly and annual accounts with recommendations on subsequent best practices. ● Achieved additional funding from various VC’s and Series funding by cultivating strong investor relations through preparation and presentation of timely investor reports. Show less

    • Senior Associate
      • Sep 2007 - Dec 2013

      Core Contributions: ● Identified strategic and operational risks in client’s business, assessing the adequacy of their policies and practices, process and control frameworks in mitigating risk; ● Elicited meaningful decisions for clientele management by generating audit reports which covered the business performance, key business drivers and recommendations for operational excellence. ● Outperformed deadlines for end-to-end financial statements preparation and reconciliations of multiple operations, including testing key controls over financial reporting. ● Project-managed the full audit cycle, from identification of suitable resources to planning of the various stages of the audit, costing the engagement, regular monitoring of costs to date and leading discussions. ● Motivated and coached less experienced team members, including conducting review of their work and providing feedback at the end of an engagement. ● Interfaced with key stakeholders - the client and the engagement manager and the engagement leader, regularly updating all parties on the key matters as they arise as well as offering initial solutions after consultations and research. Show less

Education

  • Oxford Brookes University
    Bachelor of Science (BS), Applied Accounting and Research and Analysis Project
    2008 - 2010
  • Jomo Kenyatta University of Agriculture and Technology
    Bachelor of Science, Mathematics and Computer Science
    2003 - 2007
  • Strathmore University
    Executive MBA, Business Administration, Management and Operations
    2021 -

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