Mercy Mbithe, Msc, Cpa (K) Email & Phone Number

Uganda

The positions entails;• Providing strategic financial direction and oversight, ensuring the organization's financial practices align with its objectives and growth aspirations.• Leading, managing, and mentoring the finance team based in Uganda.• Overseeing all financial operations including accounts payable, accounts receivable, treasury and tax• Ensuring up-to-date compliance with financial regulations and standards, including timely reporting and audits

Kenya|Uganda|Tanzania

Key Contributions:• Guiding the company in statutory compliance requirements, while influencing commercial decision-making processes to maximize profitability.• Ensuring accurate recording and reporting of financial results, maintaining strong internal controls to safeguard the company's assets and maintain regulatory compliance.• Liaising with other country senior management to ensure their business intelligence and reporting requirements were met, fostering strong communication and collaboration across borders.• Driving cost efficiency throughout the organization, identifying opportunities to streamline processes and reduce expenses.• Working closely with local advisors, bankers, and statutory authorities to maintain compliance with all relevant regulations, including VAT, payroll taxes, and corporation tax.• Assessing accounting issues related to new products and services (including revenue recognition) in collaboration with the global finance team, designing and implementing policies and systems to ensure compliance and accuracy.My Accomplishments:🏆 Presided over staff trainings in Kenya, Uganda and Tanzania on procurement, expenditure and accounting procedures.🏆 Streamlined accounting systems resulting in timely reporting, quality reports, and a significant reduction in errors.🏆 Drafted detailed and evidence-based reports that supported Palmpay in the acquisition of various operating licenses.

Key Contributions:• Maintained and updated assets register for clients, ensuring proper documentation and timely updates for financial reporting purposes.• Conducted monthly bank reconciliations for multiple clients, ensuring that bank accounts were accurately represented in financial statements.• Prepared financial statements and related notes in accordance with Kenyan statutory requirements and IFRS for multiple clients, providing timely and accurate financial reporting.• Prepared and filed timely and accurate tax returns for individuals and businesses, resulting in a streamlined tax preparation process and increased returns for clients. • Generated ETR/ESD receipts and prepared monthly Z-reports for the ETR receipts generated during the month, ensuring compliance with Kenyan tax regulations for clients.• Processed VAT, withholding tax, and other statutory deductions in a timely and accurate manner, submitting all relevant returns to the Kenya Revenue Authority on behalf of clients.• Managed payroll administration for both local and expatriate employees, ensuring timely and accurate payment of wages and compliance with relevant tax and statutory obligations.• Submitted all relevant employer-related statutory returns such as PAYE, NHIF, NSSF, HELB, NITA Levy, and other pension or benefit plans for multiple clients, ensuring compliance with regulatory requirements.• Registered employers and employees with various statutory organizations, such as obtaining PIN numbers, NHIF, NSSF, and employer NITA registration for clients.My Accomplishments:🏆 Conducted monthly bookkeeping using MS Navision in compliance with Kenyan statutory regulations for multiple clients, ensuring 100% accuracy and completeness of financial records.

Key Contributions:• Streamlined accounting procedures and controls, resulting in reduction in errors and an increase in efficiency.• Successfully processed and submitted VAT and withholding tax reports on a monthly basis, resulting in a 100% compliance rate with KRA regulations.• Drafted over 7 monthly reports enabling the clients to track payments as well as profits, losses and debts.• Managed payroll administration for clients and ensuring timely submission of statutory returns.• Conducted weekly cash-flow and budget analysis, identifying potential cost savings and revenue opportunities that resulted in increase in net profit.• Maintained an accurate asset registers with over 500 items, resulting in a 100% audit success rate.• Sourced quotations from various suppliers, recommending the best quotes for approval.• Reviewed 50 supplier and customer statements per month, resulting in a 100% accuracy rate of financial records.• Conducted monthly bank reconciliations for 10 bank accounts, detecting and resolving discrepancies with a 100% success rate.• Implemented inventory and credit controls that reduced financial risks, resulting in reduction in bad debts.My Accomplishments:🏆 Successfully implemented best practices, documented accounting procedures, set up inventory systems and control measures for clients.

Key Contributions:• Prepared accurate invoices and delivery notes for orders, resulting in 100% accuracy rate.• Processed and maintained accounts receivables, ensuring timely and accurate record-keeping.• Posted daily sales on QuickBooks, resulting in up-to-date financial information for decision-making.• Generated and monitored stock variances on a weekly basis, identifying and resolving discrepancies.• Analyzed and investigated the causes of stock variances, resulting in improved inventory accuracy and cost savings.• Ensured prompt resolution of customer queries within 24 hours of receipt, resulting in high customer satisfaction rates.• Generated customer statements and maintained regular contact with clients to ensure clear and timely payment of invoices.• Made ethical decisions and maintained a professional image even under pressure, resulting in a positive company reputation.• Achieved timely and effective collection of customers' payments, resulting in timely payment rate.• Reconciled debtors accounts and monitored debtors aging report, ensuring timely and accurate record-keeping of customer balances.

Key Contributions:• Successfully controlled stock movement by accurately coding, capturing, and cross-checking transactions using QuickBooks.• Reconciled daily sales and goods sold, ensuring accurate financial record-keeping and a 100% reconciliation success rate.• Maintained monthly journal vouchers and statements on accounts payables, providing timely and accurate financial information to stakeholders.• Implemented inventory controls, resulting in reduction in stock losses and improved stock accuracy.• Conducted regular stock counts and investigations into discrepancies, resulting in improved stock accuracy and cost savings.• Developed and implemented new procedures for stock management, resulting in increase in efficiency and reduction in errors.• Liaised with suppliers to ensure timely delivery of goods and accurate invoicing, resulting in improved supplier relationships and timely payments.

Key Contributions:• Controlled stock movement and ensured accurate record-keeping of inventory, resulting in improved stock accuracy and cost savings.• Accurately coded, captured, and cross-checked transactions using QuickBooks, resulting in up-to-date financial information and timely decision-making.• Successfully received and dispatched stock and raw materials, ensuring timely delivery and accurate record-keeping.• Conducted regular stock counts and investigations into discrepancies, identifying and resolving discrepancies.• Implemented new procedures for stock management, resulting in increased efficiency and a reduction in errors.

Key Contributions:• Cross-checked transactions to ensure the accuracy and completeness of financial data.• Reconciled accounts payable and receivable to identify discrepancies and resolve issues in a timely manner.a• Processed payments and monitored cash flow to ensure timely and accurate payments.

Master Of Science - Msc, Development Finance

Ongoing.

Bachelor'S Degree, Economics And Finance