Summary ProfileAn experienced Public and Private sector economist, experienced in sub-nationals having greatly influenced development of policies relating to revenue mobilization by Counties. Collaborates with the private sector, governments and NGOs to address critical topics including county growth strategies, own source revenue raising measures, borrowing and leasing by counties, MSME support and general public finance management.Having pioneered the first ever County Infrastructure Bond and first ever County Leasing Initiative/Program as innovative Green financing. Initiated partnership with 4 local commercial banks to finance MSMEs targeting Innovation and Manufacturing, Climate Smart Finances and Start-ups througha) Risk Sharing innovative Approachb)Credit Guarantee Schemes c) Blended Credit Line and value chaind)Direct Investment Financinge) groups and society financing (SACCOs)Data search and mining and reporting to influence policies and decisions by private and public institutions on matters Finance and Economics. Wide experience in Corporate and Retail banking, thorough in Commercial Banking Operations and Credit Management, Risk Management, AML, Basel, Financial Statements preparation, analyzing and auditing.Co-founder of Furaha Centre - caring for special needs children in the society.
Eccocap Capital Ltd
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Chief Executive OfficerEccocap Capital Ltd Jan 2024 - PresentNairobi County, Kenya
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Senior PartnerEcocapp Capital Ltd Mar 2023 - May 2024Nairobi County, Kenya•Financial management consultancy with Key focus on Public Finance Management, Resource Mobilisation, Policy and Legislation Formulation, Financial Reporting Support, Audit Query Handling and Settlements.•Supporting MSMEs in Various Facets; Cascading reliable information on Industry performance, Trainings, developing policies and innovative financing options, Training on Financial Management, Business Plan Development, Market Linkages among others.
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Director Of FinanceBankroll Consultants Jan 2023 - May 2024Nairobi County, KenyaConsultancy services to County Governments and Banks1. Budgeting, Reporting, Resource mobilization, Financial reporting, Audit and other Public Finance Related assignments.
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County Executive Commitee Member In Charge Of FinanceLaikipia County Government Sep 2017 - Dec 2022Nanyuki, Laikipia County, KenyaIn charge of the entire Finance and Economic Planning sphere of Laikipia County.This involves walking along the Budget line that include:1. Planning2. Execution (procurement of works and goods)3. Reporting (Financial and non-financial)4. Monitoring and Execution5. Accounting Services - payments and all the processes involved6. Internal Audit7. Asset management (recording and disposal where necessary)8. policy formulation9. Human capital leadership of all the above sectors.other obligations:1. enterprise development 2. innovation and support manufacturing3. oversaw and was board member to the county entities: NAWASCO, NYAHUWASCO, Laikipia Enterprise Fund, Cooperative Revolving Fund and the Laikipia Revenue BoardActing County Executive Committee Member - Education, Sports, Socio-Services (3 years) The position was both demanding, rigorous but still exiting. -
Branch ManagerFamily Bank Ltd Feb 2017 - Aug 2017Nkubu, Meru County, Kenya•Had a short appearance in the bank. Being in charge of the branch’s credit and operations management where during this period, I controlled successfully a deposit withdrawal panic that hit the bank during the period. •Performed all the responsibilities of the branch manager that included credit and operational management. -
Branch ManagerEcobank Kenya Limited Mar 2012 - Jan 2017Meru, Meru County, KenyaKey Achievements and Tasks•Tasked with setting up the Meru branch. Putting in place the entire operations management system (processes, systems and right fit /people, and credit operations as well). • Budget tracking, financial reporting and asset management was a key responsibility.•Sharpened my Trade Finance skills specifically – relating to Export and Import Trade, Guarantees (various Bonds), commodity financing, LPO financing and discounting invoices and other demand payment documents.•Corporate and retail banking, institutional and other public sector banking and financial and related digital solutions•Chaired the branch Credit Committee meeting for facilities appraisals, Credit management and collection management. -
Branch ManagerStanbic Bank Kenya May 2010 - Jan 2012Nanyuki, Laikipia County, Kenya•Grew the branch performance parameters in asset and liability mix to profit making entity. This called for aligning the branch team towards a common vision that was followed with rigorous marketing. •Budget making and tracking, monthly financial reporting and asset protection, data retention were was a key responsibility.•Responsible for business growth that involved marketing to individuals and institutions, managing a 15 sales and marketing team and a bunch of operations and credit team, customer service, cross selling, digital reach among others•As the head of the branch – responsible for delivering the bottom line and keeping the asset book in good quality and maintaining a reliable liability side •Asset management – share, bonds and security trading was a key revenue stream that I managed.•Supervised the preparation of Financial Statements mainly : Balance Sheet, Income Statement, Cash Flow Statements, Assets and Liability positions and movements including quality, Staff establishment.•Conducting monthly, quarterly and Annual Staff appraisals to help improve performance on the agreed work plans, targets and budget -
Operations ManagerEquity Bank Limited Sep 2007 - Dec 2010Nairobi County, Kenya•Tasked with operational risk management. Within my assignment, was able to cascade/train the operation policies and procedure to the entire team the results of which saw the branch in two years consecutively manage to have a 100% compliance rating above the bank’s target of 95%.•Successfully opened the Meru-Makutano Equity Bank branch, setting up all operations systems including cash management, ICT Security controls, staffing, staff placement and training coordinating with stakeholders. •Supervision of daily cash and transactions reconciliation, monthly, quarterly and annually financial reporting on all Financial Statements both quantitative and Qualitative. as required without fail, delay or fault on quantitative financial reporting, customers base and growth among others and qualitative (feedback on staff performance, training gaps, customer perception among others) and maintained a staff performance matrix•Monitoring and tracking of the branch performance against budget, and offering corrective measures.•Conducting monthly, quarterly and Annual Staff appraisals to help improve performance on the agreed work plans, targets and budget•Managed the bancassurance operations. -
Bank ClerkEquity Bank Limited Dec 2004 - Sep 2007Chuka, Tharaka-Nithi, KenyaAccount Opening: •Responsibility involved on-boarding of new customers, customers’ initial data capture, conducting the due diligence during the conversion, cross-selling products and services, onboarding to digital channels and referrals.•Filling and record safe keeping of the customer information and dataBank Operations: •Processing cash, cheques, EFTs, RTGs, SWIFT, Standing Instructions/Orders and other transactions and related daily reconciliation.•Preparation of Financial statements from the Trial balance for management use and external presentation.•Member of branch credit committee
Murungi Ndai Education Details
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Economics And Statisctics -
Development Finance -
Kenya Institute Of ManagementDistinction -
Nanyuki High School8:4:4
Frequently Asked Questions about Murungi Ndai
What company does Murungi Ndai work for?
Murungi Ndai works for Eccocap Capital Ltd
What is Murungi Ndai's role at the current company?
Murungi Ndai's current role is Specialist in Public Finance Management (sub-Nationals/Counties), Green Bond Structuring for Sub-Nationals, MSME Financial Inclusion, Counties Own Source Revenue Growth.
What schools did Murungi Ndai attend?
Murungi Ndai attended Egerton University, Kca University, Kenya Institute Of Management, Nanyuki High School.
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