Sylvester Mutunga

SYLVESTER NYAMAI MUTUNGA SN Treasury Manager E Mobile:- - SUMMARY EXPERIENCE Treasury & Financial Management Expert with a proven track record in financial planning, treasury operations, and strategic budgeting. Skilled in liquidity management, risk mitigation, and cost optimization across multiregional markets. Adept at regulatory compliance, fintech innovations, and Anti-Money Laundering (AML) frameworks, ensuring financial security and efficiency. A results-driven leader known for optimizing cash flow, managing FX risk, and driving business growth through data-driven financial strategies Treasury Manager CERTIFICATION Key Initiatives: Certified public accountant (CPA-K) Airtel Kenya 10/2021 Nairobi, Kenya • Overseeing day-to-day management of Airtel's foreign exchange operations, advising senior management on FX exposure impact • Identifying and mitigating key treasury risks, including FX risk, interest rate risk, and funding/liquidity risk • Managing short-term assets and liabilities of the business • Preparing board update reports on macroeconomic trends, both local and global • Handling cash positioning, forecasting, analysis, reconciliations, and banking administration • Negotiating debt arrangements, managing covenants, verifying interest rates, and handling amendments of both LCY and FCY loans • Conducting daily bank reconciliation statements, ensuring timely resolution of open items • Managing all fixed deposit investments and electronic banking systems • Successfully led debt de-dollarization project, converting $250Mn in a record one year, reducing currency exposure by 40%. • Promoted 6 months ahead of schedule due to outstanding performance • Developed and executed a 100% USD hedge cover, optimizing cash management LANGUAGES Head of Treasury 12/2017 - 10/2021 English Java House Group Nairobi, Kenya Advanced ACHIEVEMENTS  Notable Achievements Initiated and implemented a Supply Chain Financing Solution, optimizing working capital and enhancing financial efficiency. Cut bank charges by 80% and reduced overdraft interest by 20%, driving major cost-saving initiatives. Secured a 100% USD hedge cover, strengthening treasury operations and mitigating currency risk. Reduced FX exposure by 70%, successfully leading a $250Mn debt de-dollarization project within one year. • Monitored treasury KPIs, including interest expenses, bank fees, and liquidity optimization • Managed cash flow forecasts, ensuring sufficient funds for operational and capital investment needs • Negotiated financial FX deals and prepared treasury reports, including cash flow statements and variance analysis • Managed bank relationships, loan covenants, company debt position, and interest on debts Key Initiatives • Implemented a Supply Chain Financing Solution with a team to enhance working capital financing savings. • Awarded Employee of the Quarter (Q1, 2020) for exemplary cost-saving initiatives in the Treasury Department • Reduced bank charges by 80% and interest on overdrafts by 20% through strategic initiatives • Designed and implemented a training program that improved branch-level cash reconciliation Accountant Java House Group 05/2013 - 01/2018 Nairobi, Kenya • Analyzed ledger accounts and advised on improvements in the internal control system • Spearheaded intercompany account reconciliation, resolving outstanding issues • Handled petty cash reconciliations, including year-end counts and certifications • Awarded Employee of the Month and Year, 2018, for exemplary performance Key Initiatives • Promoted within 12 months due to strong performance and organizational impact. EXPERTISE EXPERIENCE KEY SKILLS Financial Analyst 03/2017 - 11/2017 Finance Management | Treasury Management | Financial Analysis & Reporting | Account Management | Revenue Cycle Management Java House Group Nairobi, Kenya Budgeting & Forecasting | Business Planning & Modeling | Record Management | Market Share Expansion Reconciliation Business Process Improvement | Regulatory compliance | Performance Management • Provided financial leadership in accounting, monitoring, and reporting systems • Developed financial management mechanisms that minimized financial risk and improved profitability • Conducted GL analysis, import cost computations, and intercompany reconciliations • Promoted within 12 months due to strong performance and organizational impact EDUCATION Master's in Business Administration 09/2022 Kenyatta University Nairobi Bachelor of Commerce REFERENCES Allan Wainaina Former CFO, Java House Group Tel:- Bernard M Iria Former CFO, Java House Group 11/2016 - 11/2016 KCA University Nairobi, Kenya • Second Class Honors (Upper Division) Institute of Certified Public Accountants of Kenya (ICPAK) Self-Study- May 2009 to July 2013 TECHNICAL PROFICIENCY Tel:- Kevin Waseges Commercial Finance Manager, Java House Group D A Tel:- C B A Microsoft Office Suite B Financial Reporting Tools C ERP Systems D Financial Analysis & Reporting