Finance & Investments Department Profile
The Finance & Investments Department at MEDS is responsible for managing the organization’s financial resources, ensuring financial sustainability, and supporting strategic decision-making through sound financial planning, reporting, and investment management.
The department plays a critical role in maintaining strong financial controls, regulatory compliance, accountability, and efficient utilization of organizational resources. It oversees budgeting, financial reporting, treasury management, investments, revenue management, and credit administration while supporting MEDS’ operational and strategic objectives.
Through prudent financial management practices and effective financial oversight, the department contributes to organizational stability, sustainability, and continued delivery of quality healthcare supply chain solutions.
1. Accounting Section
The Accounting Section is responsible for managing MEDS’ financial records, reporting systems, budgeting processes, and financial controls to ensure accuracy, transparency, and compliance with accounting standards and regulatory requirements.
The section oversees financial reporting, accounts payable and receivable, budgeting, cash flow management, reconciliations, statutory compliance, and financial analysis. It also supports management decision-making through timely financial information and performance reporting.
By maintaining strong accounting systems and financial controls, the section enhances accountability, operational efficiency, and effective stewardship of organizational resources.
Key Functions
- Financial reporting and statement preparation
- Budget preparation and monitoring
- Accounts payable and receivable management
- Cash flow and treasury management
- Financial reconciliations and controls
- Statutory and tax compliance
- Financial analysis and reporting
- General ledger management
- Audit support and financial documentation
- Implementation of financial policies and procedures
Section Head
Mr. Leonard Mukua – Chief Accountant
2. Credit Control Section
Section Overview
The Credit Control Section is responsible for managing customer credit processes, debt collection, receivables monitoring, and credit risk management to ensure healthy cash flow and financial sustainability for the organization.
The section oversees customer account management, credit assessments, payment follow-ups, debt recovery processes, account reconciliations, and credit policy implementation. It works closely with customers and internal departments to promote timely payments and maintain strong customer financial relationships.
Through effective credit management practices, the section supports revenue protection, minimizes financial risk, and strengthens MEDS’ financial stability.
Key Functions
- Customer credit assessment and management
- Accounts receivable monitoring
- Debt collection and recovery processes
- Credit risk analysis and mitigation
- Customer account reconciliation
- Payment follow-up and dispute resolution
- Credit policy implementation and compliance
- Receivables reporting and analysis
- Coordination with finance and customer service teams
- Supporting healthy organizational cash flow
Section Head
Mr. Patrick Njoroge, Credit Control