Joyce Wango Email and Phone Number
bogotá d.c., bogota d.c., colombia
Joyce Wango's Location
Nairobi County, Kenya, Kenya
About Joyce Wango
Finance and Accounting Executive with over two decades of strategic regional experience in finance and controlling functions within the FMCG sector, with global multinationals such as Henkel and Nestlé. Driving critical business decisions and strengthening financial controls through deep expertise in business controlling, financial analysis, and management reporting.Integrated comprehensive factory cost reports into broader financial analyses, delivering actionable insights that have informed high-impact strategic decisions and contributed to sustained business growth.I championed global payment security by designing and piloting an innovative payment outlier detection system, which was adopted as a global initiative by Henkel, safeguarding financial transactions and reducing risk exposure.I led the innovative Global One View integration in a non-SAP environment, bridging technological gaps and aligning the company with global reporting standards. Revolutionized the Kenyan market by developing and implementing a comprehensive Business Intelligence (BI) reporting system, enhancing data-driven decision-making and operational efficiency.At Sameer Africa, I spearheaded the implementation of Activity-Based Costing, optimizing cost allocation and enhancing cost transparency, which resulted in a 10% reduction in overhead costs. I drafted and implemented new policies on transfer pricing, fixed asset management, and costing standards, strengthening financial controls and ensuring regulatory compliance.Delivered impactful presentations to senior management, facilitating a 15% increase in the adoption of recommended strategies. Implementing MM, Controlling, and Financial modules in the SAP ERP system led to a 20% boost in operational efficiency and improved financial reporting accuracy.Reduced expenditure budget variances by 10% through precise forecasting, rigorous expenditure monitoring, and continuous improvement initiatives, enhancing financial discipline. Reported on cost fluctuations enabled timely margin protection measures, contributing to a 12% improvement in profit margins.Produced detailed management reports that provided actionable insights, directly influencing informed decision-making, resulting in a 20% reduction in inventory carrying costs while maintaining optimal stock levels, minimizing stockouts and excess inventory.Led FICO team training and support, ensuring adherence to best practices and strengthening financial management.Email: jwango.kariuki@gmail.com
Joyce Wango's Current Company Details
Henkel
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Business and Finance Controller - East Africa at Henkel Kenya Limited | CPAK
bogotá d.c., bogota d.c., colombia
- Website:
- henkel.com
- Employees:
- 35205
Joyce Wango Work Experience Details
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Business And Finance Controller - East AfricaHenkel May 2021 - PresentNairobi County, Kenya• Financial and Management Reporting: Delivered accurate monthly, quarterly, and annual financial reports, ensuring timely insights that informed executive decision-making and supported strategic objectives.• Financial Target Achievement: Monitored and drove the financial performance of Henkel Kenya Limited, consistently achieving or surpassing financial targets by up to 15% annually.• Financial Controls Implementation: Established and enforced robust financial controls, aligning with corporate accounting standards and internal guidelines, reducing financial discrepancies by 20%.• Financial Analysis and Consolidation: Conducted comprehensive regular and ad-hoc financial analyses, including consolidations at the company level, facilitating informed decisions during ExCom and regional finance meetings through data-driven presentations and detailed monthly management accounts.• Plant, Operations, and Supply Chain Controlling: Oversaw financial controlling for all plant operations and supply chain activities, optimizing cost efficiencies and improving operational margins by 10%.• CAPEX Evaluation and Monitoring: Led the evaluation and monitoring of capital expenditures, ensuring optimal allocation of resources and maximizing return on investment (ROI).• Annual Planning and Target Achievement: Directed the annual planning process, steering the organization towards achieving set financial targets while maintaining strict cost control, resulting in a 12% reduction in operational costs.• Treasury Investment Committee: Active member of the Treasury Investment Committee, contributing to strategic investment decisions that enhanced the company’s financial position.• Cash Networking Capital Management: Managed and optimized cash networking capital, improving liquidity by 18% and ensuring a healthy cash flow to support ongoing operations.
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Business Controller - East AfricaHenkel Jan 2013 - Apr 2021Nairobi County, Kenya• Strategic Financial Leadership: Served as the key financial controller for Henkel’s Beauty Care, Laundry, and Home Care business units in East Africa, driving business performance through insightful financial analysis, reporting, and strategic planning.• Compliance and Control: Ensured strict adherence to business compliance requirements, including IFRS and Corporate Accounting Standards, while updating and implementing robust financial controls.• Financial Planning & Budgeting: Led the preparation and management of financial plans and budgetary controls, aligning with corporate objectives and maximizing resource efficiency.• Sales & Profitability Reporting: Delivered detailed monthly and weekly reports on sales performance, profitability, and Cash Network Forecasts, providing actionable insights that drove business growth.• Performance Metrics Reporting: Prepared, analyzed, and reported on business performance metrics for internal stakeholders and external reporting, focusing on profitability and Cash Net Working Capital.• MEA Liaison & Executive Reporting: Collaborated with the MEA business and controlling function to prepare Financial Business Reports, Executive Committee presentations, and management reports that influenced decision-making.• Ad-Hoc Reporting: Provided ad-hoc business performance reports tailored to regional, internal, and external requirements, ensuring timely and accurate information dissemination.• Pricing & Margin Strategy: Conducted in-depth reviews of product pricing and margin analysis, contributing to actionable strategies that enhanced profitability and competitive positioning.• Audit Participation: Played an active role in internal and external audits, ensuring transparency, accountability, and continuous improvement in financial processes.Achievements:• Pioneered Business Controlling Excellence for East Africa, achieving Henkel’s global benchmarks and setting a new standard for financial oversight in the region.
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Cost AccountantNestle Aug 2011 - Dec 2012Nairobi County, Kenya• Established standard cost budgets, performed cost revisions, and conducted cost simulations, leading to a 12% reduction in production costs by identifying and addressing major spending deviations. • Prepared and presented Monthly Budget Control Reports (MBCR) for corrective action.• Reviewed and analyzed the Monthly Dynamic Focus for the factory, ensuring alignment with financial targets, which resulted in a 10% improvement in budget adherence.• Contributed to selling price calculations and protected contribution margins, maintaining profitability and achieving a 15% increase in gross margins.• Implemented and enforced internal controls for cost and inventory management, reducing inventory discrepancies by 20% and improving audit compliance.• Compiled variance reports with detailed explanations, enabling management to take timely corrective actions that minimized budget overruns by 8%.• Reviewed all factory expenses to ensure correct classifications, grouping, and valuations, keeping them within budget and contributing to a 95% accuracy rate in financial reporting.• Calculated the financial impact of Operational Excellence initiatives, quantifying savings and efficiencies that resulted in a 5% reduction in operational costs.• Reconciled factory GL accounts with 100% accuracy, ensuring financial integrity and supporting precise financial statements.• Verified factory bills for services, ensuring accurate billing and preventing overcharges, leading to a 7% reduction in service costs. -
Acting Management Accountant/Factory AccountantSameer Africa Limited(Formally Firestone East Africa) Mar 2011 - Jul 2011Nairobi County, Kenya• Prepared and analyzed monthly management and financial reports for Sameer Africa and its subsidiaries, effectively maintaining company working capital files. This resulted in a 10% improvement in financial reporting accuracy and timeliness.• Developed and maintained cost standards and tracking methods, enhancing visibility into various business activities, which improved cost management and reduced overheads by 8%.• Computed selling prices and promotional costs and maintained them in the SAP ERP system, ensuring accurate pricing and promotional strategies that contributed to a 12% increase in sales margins.• Developed and reported financial information in cost and factory accounting for integration into company financial reports, leading to a 15% improvement in the integration and accuracy of financial data.• Prepared the factory dynamics focus and cost impact analysis on a monthly basis, providing critical insights that helped reduce cost impacts by 10% and improve budget adherence.• Managed and maintained product costs and profitability for both purchased and manufactured goods, optimizing profitability and achieving a 10% increase in overall product margins.• Led the preparation of factory, sales, and cost of sales budgets, along with actual budget variance analysis, which resulted in a 7% reduction in budget variances and enhanced financial control.• Monitored and reviewed product standard costs based on approved specifications, ensuring cost accuracy and leading to a 5% improvement in cost efficiency.• Led the evaluation and regular review of cost accounting systems, developing standard operating procedures (SOPs) for the costing process, which streamlined operations and increased cost accuracy by 12%.• Prepared various factory ad-hoc reports, providing timely and relevant information that supported decision-making and operational adjustments. -
Factory AccountantSameer Africa Limited(Formally Firestone East Africa) Jun 2008 - Mar 2011Nairobi County, Kenya• Analyzed and prepared management reports based on financials, including group gross margin and cost of sales analyses, which supported data-driven decision-making and contributed to a 10% improvement in cost management on a monthly basis.• Led the calculation of selling prices and conducted product profitability analyses, resulting in a 15% increase in overall profit margins.• Served as the team lead for the entire budgeting process, overseeing the preparation of sales and total production cost budgets, and consolidating budgets up to the gross margin level, which led to a 12% enhancement in budget accuracy.• Prepared monthly budget control reports, variance analysis reports, and cost and productivity reports, which helped reduce budget variances by 8% and improved operational efficiency.• Developed and presented board papers and forecast reports for Sameer Africa, enabling informed strategic planning and contributing to a 5% increase in forecast accuracy.• Ensured accurate product costing by establishing a reliable production cost computation basis based on activity-based costing, and consistently met period-end close deadlines, resulting in a 100% on-time financial closure rate.• Analyzed and reported on all factory costs, including raw material, conversion, waste, and scrap costs, maintaining the factory ledger with 99% accuracy and supporting cost control initiatives.• Managed and controlled inventory, conducting stock reconciliation, analyzing, and correcting key stock variances, which led to a 20% reduction in inventory discrepancies.• Performed project analysis and tracked non-commissioned capital projects (Capital Work in Progress), ensuring project alignment with financial goals and improving project completion rates by 10%.• Acted as a SAP core team member for FICO and a costing super user, leading the design, implementation, and monitoring of internal control systems, which strengthened financial oversight and reduced compliance risks by 15%.
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Product Cost AccountantSameer Africa Limited(Formally Firestone East Africa) Jan 2008 - May 2008Nairobi County, Kenya• Executed product costing using standard (absorption) costing, ensuring accurate pricing for both locally manufactured and imported products, which resulted in a 15% improvement in cost accuracy.• Reported product profitability and provided actionable recommendations for price adjustments, leading to a 10% increase in overall profit margins.• Analyzed sales promotions, optimizing promotional strategies that contributed to a 12% boost in sales performance.• Calculated surcharges for imported products, ensuring precise cost calculations and improving the profitability of imported goods by 8%.• Managed transfer pricing for intercompany trading, ensuring compliance and optimizing tax efficiencies, which led to a 5% reduction in intercompany pricing discrepancies.• Updated fixed asset registers, maintaining up-to-date records and supporting accurate asset valuation, contributing to a 100% compliance rate in financial audits.
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Assistant Accountant- PayablesSameer Africa Limited(Formally Firestone East Africa) May 2007 - Dec 2007Nairobi County, Kenya• Processed supplier documents and scheduled payments with 100% accuracy, optimize cash flow management and ensuring timely payment processing, resulting in improved supplier relationships.• Analyzed Kenya's administration and selling expenses, identifying and reporting budget variances, which led to a 10% reduction in unnecessary expenditures.• Computed and remitted VAT and withholding tax on time, achieving a 100% compliance rate and avoiding penalties.• Managed cash flow, maintaining optimal liquidity levels to meet its financial obligations without disruption.• Oversaw the release of goods from bonded warehouses, timely remittance of duties and avoided delays in inventory availability, which reduced operational lag by 15%.• Engaged in KRA audits, defending the company’s tax positions, which resulted in no additional tax liabilities.• Posted supplier and debtor invoices for Sameer Industrial Park and Sameer EPZ Ltd. with a 100% accuracy rate, ensuring accurate financial records and smooth operational processes.• Prepared final accounts and audit schedules for SIP and EPZ Ltd., contributing audits with zero major findings and supporting informed decision-making by senior management.• Conducted costing and pricing analysis, leading to a 15% improvement in product profitability by optimizing pricing strategies and reducing cost inefficiencies.• Led budgeting and budget control efforts, maintaining budget adherence within 5% of projections, which ensured effective resource allocation and financial stability.• Performed project appraisals, resulting in the approval of high-impact projects with an average ROI of 20%, driving strategic growth and long-term value creation.• Analyzed cost of sales and gross margins, identifying areas for margin improvement, which led to a 10% increase in overall gross margins.• Implemented SAP as a FICO Core Team member, enhancing financial data accuracy and streamlining processes, which reduced month-end closing time by 30%.
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AccountantPalbina Travel Limited Apr 2006 - Jan 2007Nairobi County, Kenya• Digitalized accounting processes by transitioning from manual Excel-based P&L to QuickBooks, resulting in a 30% increase in processing efficiency and a 25% reduction in reporting errors.• Reduced outstanding airline ticket claims by 40% through diligent ticket reconciliation and consistent follow-up, enhancing overall claims management and recovery.• Prepared and presented management accounts and financial reports on a monthly, quarterly, and annual basis, improving financial accuracy by 15%.• Conducted weekly ticket analysis and audits, reducing discrepancies by 10%.• Monitored and controlled company expenditure, resulting in a 12% cost reduction.• Processed all incoming invoices, reconciled supplier accounts, and ensured timely payments, achieving a 98% on-time payment rate.• Oversaw payroll preparation and ensured accurate submission of statutory deductions, maintaining 100% compliance with regulatory requirements.• Managed bank reconciliations, reconciled debtors and creditors accounts, and prepared payment vouchers, streamlining payment processes and reducing outstanding debts by 20%.• Coordinated and managed external audits, leading to successful audit outcomes with zero compliance issues. -
AccountantMagana Holdings Ltd Mar 2002 - Mar 2006Nairobi County, KenyaFinancial Management & Reporting:• Management Accounts Preparation: Spearheaded the preparation of comprehensive management accounts and related financial reports on a monthly, quarterly, and annual basis, ensuring timely and accurate financial insights for strategic decision-making.Reconciliation & Payment Processing:• Bank & Reconciliation: Conducted meticulous bank reconciliations, as well as debtors and creditors reconciliations, safeguarding financial integrity.• Payment & Payroll Processing: Managed end-to-end payroll processing, including statutory deductions, ensuring compliance and accuracy in employee compensation.Asset & Audit Management:• Fixed Asset Register Maintenance: Maintained an up-to-date fixed asset register, tracking depreciation and ensuring accurate asset valuation.• Audit Coordination: Orchestrated the preparation and handling of external audits, ensuring compliance with regulatory standards and facilitating smooth audit processes.Group Financial Consolidation:• Financial Statement Consolidation: Led the consolidation of the group’s financial statements, delivering clear and precise reports for management review and strategic planning.Cost Management & Compliance:• Costing & VAT Analysis: Oversaw payment processing, costing of purchased kitchen wares, and VAT analysis and payment for Kitchen Pride and Oxford Stores Ltd, optimizing cost efficiency and ensuring tax compliance.Achievements.• Pioneered the digital transformation of invoicing and accounting processes by migrating from manual accounting to QuickBooks, significantly enhancing efficiency, accuracy, and real-time financial tracking.• Spearheaded the implementation of transfer pricing between Kitchen Pride and Oxford Stores, ensuring compliance with regulatory standards while optimizing intercompany financial transactions and profitability.
Joyce Wango Education Details
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Accounting Option
Frequently Asked Questions about Joyce Wango
What company does Joyce Wango work for?
Joyce Wango works for Henkel
What is Joyce Wango's role at the current company?
Joyce Wango's current role is Business and Finance Controller - East Africa at Henkel Kenya Limited | CPAK.
What schools did Joyce Wango attend?
Joyce Wango attended The Catholic University Of Eastern Africa.
Who are Joyce Wango's colleagues?
Joyce Wango's colleagues are Weiquan Sun, David Graumann, Stephany Ruiz, Felipe Gonçalves, Darko Golob, Eslam Fikry, Stefano Magon.
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Joyce Wango
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