# Grace Ngugi

Grace Ngugi is a remote worker on Himalayas, Senior Manager, Reconciliation and Settlement at Cellulant Corporation, based in Kenya.

Source: https://himalayas.app/@gracengugi1

```text
Reconciliation and settlement leader at Cellulant, established Group controls across 30+ markets and automated payment reconciliations.
```

| Detail | Value |
| --- | --- |
| Availability | Looking for a job |
| Location | Kenya |
| Authorized to work in | Kenya |
| Salary expectations | 60k+ USD |
| Job categories | Reconciliation and Settlement Manager, Settlement Management, Financial Controls Manager, Operational Risk Manager |
| Skills | Reconciliations, Settlement Operations, Financial Control, Governance Frameworks, Operational Risk Management, Internal Controls, Control Testing, Risk Assessment, Audit Management, Regulatory Compliance, CBK Reporting, Nostro Reconciliation, Suspense Account Reconciliation, Payment Systems, Reconciliation Automation |
| LinkedIn | https://linkedin.com/in/gracengugi-reconciliation |

## About

```text
At Cellulant Corporation, I established the Group reconciliation and settlement governance, risk and control framework across subsidiaries in 30+ markets. I introduced reconciliation automation for mobile money, IPSS and card transactions, reducing manual processing hours, and built a 10-person multi-country team.

At Co-operative Bank of Kenya, I led the 2023 core banking migration from BFUB to Finacle, overseeing reconciliation and validation of customer records and historical transactions. I also strengthened control frameworks and audit remediation, achieving a sustained reduction in external audit management letter findings over six consecutive years.

Across banking and fintech, I have worked on reconciliation, settlement, operational risk, regulatory compliance and business continuity. I hold a Master of Economics (Finance Option) and CPA(K).
```

## Experience

### Senior Manager, Reconciliation and Settlement (current)

Cellulant Corporation. Mar 2024 - Present

```text
Established the Group reconciliation and settlement governance and risk and control framework across 30+ markets, and directed reconciliation automation to reduce manual processing hours. Built and led a 10-person multi-country team and represented the function at the CBK Steering Committee.
```

Skills: Reconciliations, Settlements, Governance, Risk-Management, Control, Automation, Team-Leadership, Stakeholder-Management, Business-Continuity-Management, Operational-Risk

### Manager, Financial Control and Reconciliation

Co-operative Bank of Kenya. Sep 2017 - Feb 2024

```text
Led the 2023 core banking migration from BFUB to Finacle, ensuring data integrity and zero branch disruption. Achieved sustained reduction in external audit findings over six years and governed daily reconciliation of suspense accounts.
```

Skills: Reconciliations, Financial-Control, Audit-Management, Regulatory-Compliance, Core-Banking-Migration, Risk-Management, Team-Leadership, Process-Improvement

### Assistant Manager, Financial Control and Reconciliation

Co-operative Bank of Kenya. Jan 2016 - Aug 2017

```text
Centralized card reconciliation operations into a single controlled framework, delivering cost efficiencies and reducing turnaround time. Identified fraud risk patterns and material control errors through variance and trend analysis.
```

Skills: Reconciliations, Card-Operations, Fraud-and-Risk, Variance-Analysis, SLA-Management, Team-Supervision, Reporting

### Assistant Accountant, Card and Alternative Payment Channels

Co-operative Bank of Kenya. Jan 2014 - Dec 2015

```text
Led the HELB prepaid card implementation, establishing reconciliation and controls from launch. Validated BAI mapping for card payment processing and reconciled card business general ledger accounts.
```

Skills: Reconciliations, Card-Payment, General-Ledger-Accountant, BAI-Mapping, Process-Improvement, Financial-Reporting

### Credit Risk Analyst

Co-operative Bank of Kenya. Jan 2012 - Dec 2013

```text
Implemented an automated loan tracking system that reduced processing turnaround time and improved SLA compliance. Analysed credit proposals for accuracy and policy alignment, achieving over 90% approval-to-disbursement conversion.
```

Skills: Credit-Risk, Loan-Processing, Policy-Compliance, Risk-Assessment, Automation

### SWIFT and Money Transfer Controls Analyst

Co-operative Bank of Kenya. Jan 2010 - Dec 2011

```text
Owned direct reconciliation of offshore Nostro accounts and SWIFT transfers, resolving long-outstanding items. Facilitated centralization of branch-level reconciliation processes and governed reconciliation of M-Pesa, MoneyGram, and Western Union partnerships.
```

Skills: Nostro-Reconciliation, Swift, Money-Transfers, M-Pesa, MoneyGram, Western-Union, Exception-Management, Centralization

## Education

### Kenyatta University

Master of Economics, Economics

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Master of Economics (Finance Option) from Kenyatta University, completed in 2013.
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### Kenyatta University

Bachelor of Arts, Economics and Business Studies

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Bachelor of Arts in Economics and Business Studies from Kenyatta University, completed in 2008.
```

### Institute of Certified Public Accountants of Kenya (ICPAK)

Certified Public Accountant (CPA(K)), Accounting

```text
Certified Public Accountant (CPA(K)) designation from the Institute of Certified Public Accountants of Kenya.
```

## Tech stack

- Swift
- NetSuite
- SQL
- Automation Anywhere
- Power BI
- Power Query

To contact Grace, message them from this profile with a Himalayas employer account: [Hire on Himalayas](https://himalayas.app/hire).

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