Nancy C Cheruiyot

Company Overview: The Commodities Fund (ComFund) is a State Corporation established to provide sustainable and affordable credit to farmers for farm development, farm inputs, farming operations and price stabilization, with special support to women and youth participation in the agricultural value chains

• Leadership: Providing overall strategic direction and leadership to the staff and reports to Board of Trustees of the fund; Creating annual operating plans that support strategic direction set by the board and correlate with annual operating budgets.
• Capacity Building; Mentored and developed staff members to build a high-performance team with diverse skill sets and expertise.
• Management of a diverse team of professionals to execute the trust''s mission effectively and efficiently.
• Lending and operation Innovation; Leveraged technology solutions to enhance communication with stakeholders, reduce turn around time ,streamline operations, and facilitate data-driven decision-making processes.
• Performance Management: Established performance metrics to assess progress towards objectives regularly, driving continuous improvement across all aspects of trust operations.
• Financial Management: Developed comprehensive financial strategies for the trust, ensuring long-term growth and stability.
• Budget Preparation and Financial Reporting; Oversaw the preparation of annual budgets, financial statements, and reports for the board of trustees'' review and approval.
• Stakeholder Management: Fostered strong relationships with beneficiaries, providing timely communication and excellent customer service.
• Credit management. Analyzed financial needs of borrower and developed tailored strategies to meet goals. and put in strategies to reduce portfolio at risk
• Risk Management; Developed , implemented and monitored robust Enterprise Risk management Framework
• Resource Mobilization;Spearheaded successful fundraising campaigns to increase Organizational Financial assets and maximize returns on investments.
• Internal Control: Led efforts to establish stringent internal controls that minimized fraud risks while preserving operational efficiency
• Maintained accurate records of all transactions related to the organization ensuring transparency and accountability in financial matters.
• Evaluated Funding proposals for alignment with the organizational goals, selecting projects that provided maximum impact on beneficiaries'' lives.
• Continuously monitored industry trends and regulatory changes, adapting the trust''s strategies proactively to maintain long-term success..
• Board Engagement. Prepared agendas, collated meeting papers and prepared minutes for board of Trustees. in addition to annual board evaluation.
• Ensuring application of appropriate accounting procedures in compliance with international Financial Reporting Standards.
• Human Resources Management; Oversaw, recruitment, development and managing the overall human resources management including compensation, motivation and succession planning among others duties within the human resources policy
• International Engagement; Kenya’s Delegate to the following international organizations;International Coffee Organization (ICO), Inter-Africa Coffee Organization (IACO), G-25 Coffee Summit, Food and Agriculture Organization (FAO) among others.
• National Engagement. Appointed Secretary to Government Taskforce on Design and Development of Sugar and Coffee price stabilization framework.

• Company Overview: The African Fine Coffees Association (AFCA) is a regional nonprofit, nonpolitical, member-driven association representing coffee sectors in 14 Member Countries. AFCA members include both private and public sector coffee stakeholders including producers, exporters, international importers, roasters, policy makers, transporters and trade representatives. AFCA’s main activity is linking world coffee buyers with African coffee producers and dealers for through among others conferences and exhibitions, market intelligence reporting, facilitating barista championships and capacity building initiative among others.
• Planning and strategic direction and implementation
• Change management and
• Worked closely with organizational leadership and board of directors to guide operational strategy.
• Oversaw financial management, ensuring fiscal responsibility and long-term sustainability for the organization.
• Guided staff through periods of organizational change, maintaining morale and engagement during transitions.
• Forge strong relationships with board members, providing regular updates on organizational progress and soliciting their expertise when needed.
• Monitored compliance with laws and regulations to protect organization from legal liabilities and penalties.
• Managed a diverse team of professionals, fostering a collaborative work environment for increased productivity.
• Built relationships with donors, government officials and other organizations to secure funding and support for organization.
• Negotiated contracts with vendors, securing favorable terms while adhering to budgetary constraints.
• Represented organization to local public by giving presentations and speeches and participating in community events.
• Collaborated with external organizations including non-profits, businesses and government agencies to create mutually beneficial partnerships.
• Developed strategic partnerships with key stakeholders to expand the organization''s reach and influence.
• Led successful fundraising campaigns, securing critical resources for program development and expansion.
• Built and maintained strong company teams by hiring and training qualified staff to create positive and productive work environments.
• Optimized operational workflows, reducing overhead costs and maximizing resource allocation.
• Advocated for policy changes at both local and national levels to further support the organization''s goals and objectives.
• Secured substantial funding for new projects by cultivating relationships with key donors and stakeholders.
• Organized and held a successful international coffee Expo in Kigali Rwanda attended by over 900 people and attarcted over 100 exibitors.

• Overall responsibilities for the quality assurance, financial Control, and procurement.
• Lead the annual Fund’s financial plan and budget process to ensure reasonableness and statutory compliance
• Lead the Fund’s semi-annual performance outlook process.
• Maintain up-to-date knowledge of major accounting’ rules and regulations and ensure implementation at all times.
• Develop cash flow forecasting’s for the Fund
• Facilitate the internal and external audits in the Fund
• Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
• Reviewed documentation and identified financial discrepancies where applicable.
• Mentored junior finance staff, fostering professional development and strong team dynamics.
• Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
• Developed comprehensive financial reports for executive decision-making support.
• Increased financial efficiency by streamlining and automating financial reporting processes.
• Collaborated with cross-functional teams for strategic business planning and growth initiatives.
• Oversaw successful integration of financial systems post-merger, ensuring seamless transition for all stakeholders.
• Implement continuous financial systems of internal controls that minimize financial risks, monitor the performance of the branch, its flow of funds and adherence to budget.
• Maintain and strengthen a good working relationship with the Banks and other key stakeholders.
• Management of Investments Portfolios: Contributing to activities that mobilize financial capital and catalyze investment in the priority sectors (coffee, agri-food businesses, and technology).
• Facilitating capacity building of local transaction advisors to facilitate financing, with a focus on small and medium enterprises (SMEs) in the coffee sector.

• Management of the Finance and administration of the Area branch, reporting to the General Manager Finance and Control and Branch Manager
• Improved inventory control procedures by conducting regular physical counts and reconciling results with accounting records.
• Maintained effective communication channels between accounting department and other branch offices, ensuring seamless coordination of inter-branch activities.
• Managed payroll processing to ensure timely disbursement of employee salaries while adhering to company policies and legal requirements.
• Develop monthly, quarterly, and annual financial reports.
• Work with the branch manager and the in-charge of the satellites to ensure that the branch’s objectives are implemented as per the plan and organizational specifications
• Analyzing variances periodically and coming up with solutions to adverse variance
• Production of budget forecast for the entire branch and its 4 sub-branches.
• Commitment and authorization of Local Purchase Orders from the cost centers
• Trained new accounting staff members, fostering professional growth and skill development within the team.
• Reduced discrepancies in financial reports, conducting thorough account reconciliations on a monthly basis.
• Collaborated with cross-functional teams to streamline processes, improving overall branch performance.
• Provided timely and accurate financial statements for senior management review, enhancing communication between departments.
• Increased financial accuracy by implementing and maintaining thorough accounting procedures.
• Prepared ad-hoc analysis as requested by branch management, providing valuable insights into business trends that guided strategic decisions.

• Ensuring Continuous audit of all accounts and records of the organization wherever located.
• Collaborated closely with external auditors during annual reviews, ensuring timely completion of audit procedures without any significant findings or adjustments required.
• Contributed to the successful implementation of a new ERP system, resulting in increased efficiency across all departments.
• Developed and maintained strong working relationships with key stakeholders, including department heads, vendors, and banking partners.
• Developed comprehensive financial reports for senior management, facilitating effective decision-making based on accurate data insights.
• The taking and costing and valuing of all physical inventories.
• Tracking resources, tax returns and inventories.
• Presentation of periodic reports, budget Briefs a, annual budgets, and relevant financial projections for attention of the Board and approval.
• The maintenance of adequate records of authorized appropriations and the determination that all sums expended pursuant there into are properly accounted for.
• The maintenance of adequate records of all contracts and leases.
• Partnerships building: Engagement with potential co-financiers and financial structuring of social insurance related projects

• Company Overview: The Burngreave New Deal for Communities (BNDfC), is a UK government funded programme to help regenerate the Burngreave area of Sheffield, supporting community-led plans that bring together local community and voluntary sector organizations, public agencies, local authorities, and business to support development initiatives.
• Management of the financial in-flows from participating institutions, businesses, and UK Government entities.
• Tracking resource allocation to priority projects, and monitoring the progress of projects implemented
• Investigating variances, approving expenses
• Ensuring that project billings are issued, and payments collected and

• Support to the finance section in managing hospital expenditures, revenues and monitoring the various cost centers to ensure compliance on budgetary allocation
• Ensuring regular and timely Reporting on cost centers variances to management for appropriate action
• Coordinating the cost centers activity reports on weekly, monthly, and quarterly basis.
• Processed payments and documents such as invoices, journal vouchers, employee reimbursements, and statements.
• Matched purchase orders with invoices and recorded necessary information.
• Managed and responded to correspondence and inquiries from customers and vendors.
• Effectively communicated with clients about payment needs and kept updated, detailed and accurate ledgers.
• Maintained account accuracy by reviewing and reconciling checks monthly.
• Strengthened financial operations by conducting bank reconciliations and financial reporting.

• Client profile monitoring and Loan performance monitoring
• Analyzed applicants' financial status and credit and property evaluations to determine loan feasibility.
• Evaluated creditworthiness of potential borrowers using thorough research and analysis techniques, minimizing default risks.
• Marketing the micro-credit product to the target groups in my area of operation
• Training the clients on business skills such as book-keeping and basic accounting to enable them to use the micro-credit efficiently
• Optimized lending practices by maintaining up-to-date knowledge of industry trends and regulatory requirements.
• Conducted regular account reviews to proactively identify potential risks in the credit portfolio, taking corrective actions as needed.
• Reduced delinquency rates by implementing effective portfolio management strategies.
• Devised collection recovery strategies to resolve customer issues and delinquent cases.
• Recommended approval or disapproval of all lending categories .
• Ensuring that the delinquency ratio is pushed to the minimum as possible and following up on the defaulters where necessary
• Following up on bad debtors to try and recover as much as possible