Grace Mungai
Senior Accountant at Realty Plus Ltd- Claim this Profile
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English -
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Kiswahili -
Topline Score
Bio
Credentials
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cpa
ICPAK
Experience
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Realty Plus Ltd
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Real Estate
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1 - 100 Employee
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Senior Accountant
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Apr 2015 - Present
Major Achievements 1.Achieved a solid cash flow by consistently maintaining a 90% collection rate for rent and service charges on a quarterly basis for most properties. This ensured smooth and uninterrupted operations. 2.Implemented improved collection policies, including diligent follow-up procedures and the enforcement of penalties for late payments, as well as service sanctions for tenants. This led to a substantial 70% reduction in the occurrence of defaulters and property auctions. 3.Delivered precise and timely reports to stakeholders, resulting in a noteworthy increase in referrals for additional properties to manage and lease. This increase translated into a new monthly revenue of Kes 300,000.00. 4.Effectively collaborated with and supervised a team of four accountants, ensuring they executed their assigned tasks with the utmost excellence. Key Contributions and Results. ● Planning and coordination of annual audit within the scheduled timelines. ● Developing a system of strong internal controls and ensuring adherence and effectiveness to mitigate the risk of fraud or loss of company resources. ● Preparation of Annual Budgets and any Projects budgets for all our clients for review and approval. ● Working Capital management ● Developing and implementing efficient tax planning strategies, while ensuring compliance with all tax laws by overseeing the preparation of the company’s tax returns and other statutory deductions and remitances. ● Maintaining the general ledgers in accordance with IFRS and ensuring that all accounts are reconciled per company policy for preparation of annual closing Financial Statements. ● Monitoring and reviewing accounting and related system reports for accuracy and completeness. ● Analyzing revenue and expenditure trends and recommending appropriate budget levels, and ensure expenditure control. ● Conducting regular rigorous analysis of internal business activities and performance for comparative and bench marking purposes. Show less
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Text Book Centre Ltd
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Kenya
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Retail
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100 - 200 Employee
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Financial Accountant
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Nov 2011 - Mar 2015
Key Contributions & Results: ● Maintained accounting controls by implementing and recommending policies and procedures. ● Protected operations by keeping financial data confidential and operated systems to achieve the same. ● Reviewed and confirmed journal entries and ensured account reconciliations were completed accurately and timely. ● Monitored the company's Casflow management and frequently reported to the management for the decision-making process. ● Prepared Intercompany accounts and addressed any discrepancy with the appropriate Branch offices. ● Monitored and identified areas of internal control weaknesses and non-compliance within procedures and provided sound and practical recommendations to management. ● Maintained and surpassed collection targets maintained debtors at minimum levels. ● Reconciled over (300) inter branch transactions, edited list checking and provided accurate scrutiny of ledgers, ● Undertook bank reconciliations on daily basis and reporting. ● Monitored implementations of management's decision and recommendations as per the audit reports. ● Identified discrepancies in ledgers and accounts, tracked them to the source and corrected them. Show less
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Colourprint Limited (Kenya)
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Kenya
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Printing Services
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1 - 100 Employee
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Accounts Payable Accountant
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Jun 2008 - Oct 2011
Key Contributions & Results: ● Implemented invoice verification controls to ensure accuracy and proper documentation. ● Identified and recommended updates to internal controls, accounting processes and procedures. ● Coordinated monthly bank reconciliations of local and foreign currency accounts, generated accruals schedules,reconciled staff advances and expenses before close of month. ●Supplier balances reconciliation and validation of monthly payments. ● Initiated approval process of supplier invoices in the workflow. ● Updated supplier’s master data on the system to facilitate efficiency and effectiveness of supplier contracts, invoicing and payments. ● Verified prices and amounts received with invoices to ensure accurate payments to vendors. Show less
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Education
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2021 - 2023
Kenya School of Revenue Administration (KESRA)
Masters in Tax and Customs Administration, Tax Law/Taxation -
2013 - 2015
University of Nairobi
Bachelor of Commerce - BCom, Accounting -
2006 - 2010
Strathmore University
Certified Publi Accountant, Certified Public Accountant -
Kenya Institute of Management
Diploma in Business management, Business Administration and Management, General
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