Makena Stephen Mwaura
Summary
Detail-oriented Senior Fund Accountant with over 8 years of experience in regulatory compliance and fund administration. Expertise includes financial statement preparation and review under IPSAs, IFRS, and US GAAP, alongside compliance support in CDDs, KYCs, and AML checks. Experience in alternative investments encompasses NAV preparation, valuation, and pricing, contributing to effective risk management.
Overview
1
1
Language
1
1
Certification
10
10
years of professional experience
Work History
Senior Fund Accountant
MUFG
Cayman Islands
2022.06 - Current
- Valuation and pricing of investments.
- Preparation and review of Net Asset Values
- Trading on behalf of the investment manager
- Preparing and reviewing AMLs/CFTCs for portfolio of funds
- Liaised with MUFG Global compliance team and MUFG Cayman AML services team to maintain up-to-date KYC documentation for Funds and Investors in compliance with Cayman laws and regulations
- Liaising with the Investment Manager to identify Ultimate beneficial owners and Politically Exposed persons if any and completing documentation thereon.
- Monitored changes in laws and regulations in the Cayman Islands and globally impacting our funds and Investors
- Ensured portfolio of funds remained compliant with regulatory standards at all times.
- Ensuring strict compliance with internal control systems
Audit Supervisor
KPMG
Cayman Islands
2020.10 - 2022.06
- Reviewing of clients' accounting systems and relevant internal controls, testing the effectiveness and operation of management controls, identification of performance improvement opportunities and reporting on significant deficiencies and weaknesses, making recommendations for improvement.
- Reviewing clients' accounting systems and relevant internal controls, testing the effectiveness and operation of management controls, identifying performance improvement opportunities and reporting on significant deficiencies and weaknesses, making recommendations for improvement.
- Reviewing financial statements to ensure compliance with the relevant reporting framework (IFRS and US GAAP).
- Training and delegation of duties to audit assistants
- Review of the audit work performed by the audit assistants.
- Managing of time and costs to ensure efficient performance of the audit assignments.
- Managing time and costs to ensure efficient performance of the audit assignments.
- Interacted with investment managers, administrators, and custodians during the audits.
- KPMG Cayman and KPMG Kenya in extremely complex and high-risk audits in Public Sector and Asset Management divisions.
Audit Senior
KPMG East Africa
2016.09 - 2020.07
- The focus of this role was on performance of the audit fieldwork, preparation and review of financial statements, and supervision of audit assistants, billing, and collection of fees in Public Sector and consumer and Industrial markets.
- Management of the planning, execution, and reporting of statutory audits.
- Contributed to successful rollout of IFRS 9, 15 & 16 for clients.
- Identified, understood, and documented key risks impacting clients.
- Managed planning, execution, and reporting of statutory audits.
- Skills developed relate primarily to knowledge of applicable International Financial Reporting Standards and industry best practices, management of junior staff, efficient time management while managing multiple engagements at the same time, effective communication with clients and exhibiting professionalism in all aspects of my work.
- Supervision and assessment of Audit Associates.
Education
Master's Degree - Business Administration
University of Suffolk
United KingdomUniversity Degree - Economics and Finance
Kenya University
Kenya Certificate of Secondary Education -
Skills
- NAV preparation and review
- Financial Reporting
- Compliance reporting
- US GAAP expertise
- IFRS expertise
- IPSAS expertise
- ISA expertise
- IAS expertise
- US GAAS expertise
- MS Excel expertise
- Cayman Islands AML Regulations
- AML/CFT standards
- Monetary Authority Act
- Proceeds of Crime Act
- Terrorism Act
- FATF Recommendations
- Sanctions Compliance Frameworks
Certification
- Certified Public Accountant (CPA), 2016, ICPAK (Institute of Certified Public Accountants of Kenya)
- Kenya Certificate of Secondary Education, 2009, A - (Minus)
Languages
English
First Language
Timeline
Senior Fund Accountant
MUFG
2022.06 - Current
Audit Supervisor
KPMG
2020.10 - 2022.06
Audit Senior
KPMG East Africa
2016.09 - 2020.07
Master's Degree - Business Administration
University of Suffolk
University Degree - Economics and Finance
Kenya University