Patrick Mugun

Accounts Assistant

Oserian Sacco

2005 - 2016

Naivasha

• Computation and payment of statutory deductions
• Preparation of payroll
• Computation and filing of tax returns
• Updating members’ personal statements
• Appraising loan applications and computation of loan offsets for approval by the credit committee
• Handling members’ inquiries
• Review of postings made to members’ personal accounts
• Reconciliation of members’ statements

Accountant/Manager

Newspaper Transporters Sacco

2016 - 2018

Nairobi

• Appraising loan applications for approval by the credit committee
• Coordinating disbursement and recovery of loans from employer
• Advise the board on by-laws, credit policy, and strategic plan reviews.
• Marketing and advocacy as well as membership recruitment drive.
• Policy formulation and setting up control systems.
• Liaising with external auditors for audit schedules and handling audit queries.
• Preparation of financial reports and statements.
• Secretary to the board.
• Computation and payment of statutory deductions.
• Preparing budgets and cash flow projections.
• Maintaining society’s assets register.
• Generation of defaulters reports and follow-up as per credit policy.
• Computation and filing of tax returns.
• Processing of payments to members and other Creditors.
• Preparation of payroll.
• Preparation of bank reconciliation.

Sacco Manager

MEO Sacco

2019 - 2021

Kitale

• Provide oversight to the Sacco operations and technical assistance to the Society Management Committee.
• Develop necessary policies and regulations that would ensure smooth operations of the Sacco according to the set guidelines.
• Ensure that all Sacco data and information is well documented and archived.
• Ensure that a proper information system is put in place to capture all Sacco data.
• Preparation, analysis, and presentation of comprehensive, timely, reliable, and compliant credit and financial reports.
• Approval of loans, review, and implementation of credit manual and policy to ensure it is up to date
• Evaluation and review of loan and savings products for recommendation to the board
• Ensure that all financial documents are up to date and that books of accounts are well kept.
• Provide guidance on the adoption and/or implementation of sound and up-to-date accounting systems.
• Ensure effective implementation of financial and accounting policies and procedures.
• Review/prepare payroll and ensure compliance with statutory and regulatory requirements.
• Ensure that the assets register is appropriately recorded.
• Reconciling the bank account and performing other general accounting duties as required.
• Marketing and advocacy as well as membership recruitment drive.
• Liaising with external auditors for audit schedules and handling audit queries.
• Secretary to the board.
• Preparing budgets and cash flow projections.
• Responsible for the day – to day running of the Society’s affairs.
• To supervise Sacco staff and ensure that the business of the society is conducted in a proper manner.
• To appraise staff on a yearly basis and make recommendations to the management committee.
• To carry out any other duties as may be directed by the management committee.

Finance Manager

Kenya USA Diaspora Sacco

2021 - 2024

Nairobi

• Develop and review KPI’s on weekly, monthly, quarterly, half year and annual for finance, credit, admin and customer service departments
• Develop and maintain adequate operational and financial controls in the Sacco’s business: - systems, processes, and people
• Develop and review budgets and financial plans of the Sacco and ensure strict adherence to the budgets and plans
• Develop for the Sacco an effective cash flow/control system, creditor/debtor policies, and guidelines
• Periodically review the Sacco’s policies and procedures to ensure their relevance to the business strategy and changing organizational needs
• Monitor the Sacco’s financial risk exposures through monthly risk reporting and suggest ways to manage financial risk
• Approval of loans, review, and implementation of credit manual and policy to ensure it is up to date
• Evaluation and review of loan and savings products for recommendation to the board
• Lead and motivate the staff to ensure the achievement of departmental objectives in alignment with the Sacco’s strategy
• Manage Sacco’s cash inflows and outflows to ensure optimum levels of liquidity and investments
• Ensure timely and accurate recording of financial transactions for the Sacco and compliance with international accounting standards and other relevant regulations
• Review/prepare staff payroll and file returns for the Sacco to the regulator and other statutory bodies on monthly, quarterly, and yearly
• Review the completeness of the Sacco’s asset register and confirm that it is in line with the Sacco accounts
• Confirm investment in the Sacco assets are within the investment policy statement and guided by the SACCO Societies Act and regulations and advice the fund management monthly
• Review the Sacco management and financial reports for completeness and preparation of board papers on a monthly, quarterly, and yearly basis respectively
• Approve payments and check that all accounting transactions are posted to the correct cost centers
• Coordinate external and internal audits
• Manage cash flows, control costs, and action on audit recommendations
• Liaise with external stakeholders including SASRA, FRC, banks, KRA, partners, and other regulatory bodies towards compliance and enhancement of the Sacco operations
• Carry out any other duties assigned by the CEO from time to time

Consultant

Waweru Mwangi & Associates - CPA(K)

2024

Nairobi

• Compliance reviews
• Risk Management
• Internal/External Audit and Assurance
• Tax Consultancy
• Systems Audit