Malusi Ngcobo
Durban,KZN
Summary
Seasoned auditing professional knowledgeable about risk aversion strategies, cost reduction options and financial processes. Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities. Valuable Auditor offering strong research and problem-solving skills. Adept at performing risk assessment procedures on key business activities and processes. Knowledgeable of business and financial language. Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy. Resourceful Accounting professional with over 9 years of experience in audit and accounting preparation and reporting.
Overview
10
10
years of professional experience
Work History
AUDIT SENIOR
BDO
02.2022 - Current
- Registered Auditors/Accountants/Consultants, Offshore Division + Planning, executing, and finalizing audit work
- Supervising and coaching junior members of staff
- Preparing audit file in accordance with International Standards on
- Auditing and BDO’s standards
- Preparing report outlining findings from audit work
- Keeping managers and partners up to date with progress of audit
- Review automated audit work papers prepared by audit staff to ensure sound audit theory and compliance with department’s methodology
- Review of financial statements in line with IFRS, FRS102 / IFRS for SME’s.
- Evaluated critical business systems and processes, identifying areas of potential risk exposure and offering recommendations to mitigate those risks.
- Supported external auditors during annual audits, providing requested information promptly and facilitating smooth communication between parties involved.
- Increased overall reliability of financial statements by performing detailed reviews of account reconciliations and supporting documentation.
- Mentored new hires within department, offering guidance on day-to-day responsibilities as well as long-term career development opportunities within field of auditing.
- Developed strong relationships with clients, addressing concerns promptly and providing timely updates on progress throughout engagement process.
- Stayed current on industry trends and accounting standards changes, ensuring that all audit activities adhered to applicable guidelines at all times.
TRAINEE ACCOUNTANT / AUDIT SUPERVISOR
SAICA, Kreston
10.2015 - 01.2022
- KZN – Registered Auditors/Accountants/Consultants (Formerly Nkonki KZN) + Drafting of Annual Financial Statements in accordance with appropriate frameworks and preparation of working paper file
- Extensive exposure to CaseWare and Case View (software programs used to draft AFS)
- Preparation of audit working papers and handling of audits
- Processing of accounting information from source documentation to AFS
- Preparation of tax returns for companies, close corporations and trusts
- Review of creditor reconciliations, payroll and general ledger recons monthly
- Identify and assess areas of significant business risk
- Implement best audit and business practices in line with applicable internal audit statements
- Manage resources and audit assignments
- Identify and reduce all business and financial risks through effective implementation and monitoring of controls
- Develop, implement and maintain internal audit policies and procedures in accordance with local and international best practice
- Compile and implement annual Internal Audit plan
- Conduct ad hoc investigations into identified or reported risks
- Execute risk-based audits covering operational and financial processes
- Ensure complete, accurate and timely audit information is reported to
- Management and/or Risk Committees.
- Supervised accounting staff to provide feedback and evaluate progress.
- Completed financial reports, providing insight into performance, operations, and cash flow.
- Prepared straightforward tax returns and explained expected refund or income tax liability and due date for payment.
- Spotted inefficiencies and weaknesses in current systems and deployed methods to improve efficiency.
- Interacted with clients and obtained cost and budget information to draft and manage accounts.
- Employed self-review and analytical review techniques to proactively identify fundamental errors.
- Demonstrated commercial awareness and time management skills through work on budget and task organization.
- Maintained confidentiality of sensitive financial information, adhering to company policies and professional ethics standards.
- Assisted senior accountants in preparation of monthly financial reports for better decision making.
- Ensured compliance with tax regulations by accurately preparing tax returns and submitting them within deadlines.
- Provided exceptional customer service when addressing vendor inquiries or concerns regarding payment status or invoice disputes.
ACCOUNTING CLERK
Luiz & Associates
02.2014 - 09.2015
- Managed accounts payable and receivables and payroll
- Maintained organized filing systems for accounting records, ensuring easy access to crucial financial information when needed
- Provided exceptional customer service when addressing client inquiries related to invoices, payments, or account balances
- Strengthened financial operations by conducting bank reconciliations and financial reporting
- Managed complex problem-solving for upper management in order to complete projects on-time and within budget
- Input high volume of monthly invoices with consistent accuracy
- Developed custom financial reports to support departmental needs and enhance data-driven decision-making capabilities
- Tracked expenses to comply with budgets
- Collaborated with other accounting clerks to maintain cohesive and supportive work environment, fostering knowledge sharing and continuous improvement efforts
- Maintained accounting records utilizing in-house and client systems
- Identified and resolved internal accounting variances, promoting data accuracy
- Completed financial reports, providing insight into performance, operations, and cash flow
- Used accounting software to prepare weekly and monthly financial reports
- Streamlined bookkeeping procedures to increase efficiency and productivity
- Input financial data and produced reports using Caseware
Education
Professional Accountant -
SAIPA BOARD EXAM
Durban, KZN07.2020
Certificate of Completion of SAP Navigation Training -
Leadwave Solutions
Durban, KZN03.2019
National Diploma in Accounting - Financial Accounting, Taxation, Auditing
Durban University of Technology
Durban, KZN12.2012
Matric -
Sparks Estate Secondary School
Durban, KZN12.2006
Skills
- Caseware Working Papers
- TeamMate Audit System
- Pastel Xpress
- Microsoft office (Word, Excel, PowerPoint & Outlook)
- Internet
- SAP
- APT – Audit processing tool (BDO Specific Software)
- Rainbow (Audit Sampling)
- BDO Advantage (Audit Analyzing Tool)
- Data analytics proficiency
- Fraud detection techniques
- Professional Skepticism
- Financial statement audit
- Industry-Specific Knowledge
- Presentation abilities
- Continuous learning mindset
References
Mr Muhammad Sarigat Position: Junior Manager Organisation: BDO Mobile: 072 075 7866
Mr Sanele Maci Position: Supervisor Organisation: Kreston KZN Mobile: 081 316 0405
Mrs Melissa Oree Position: Manager Organisation: BDO Mobile: 071 303 8182
Timeline
AUDIT SENIOR
BDO
02.2022 - Current
TRAINEE ACCOUNTANT / AUDIT SUPERVISOR
SAICA, Kreston
10.2015 - 01.2022
ACCOUNTING CLERK
Luiz & Associates
02.2014 - 09.2015
Professional Accountant -
SAIPA BOARD EXAM
Certificate of Completion of SAP Navigation Training -
Leadwave Solutions
National Diploma in Accounting - Financial Accounting, Taxation, Auditing
Durban University of Technology
Matric -
Sparks Estate Secondary School