Akhona Balfour
Financial Controller at Ilex South Africa (Pty) Ltd
Johannesburg
Summary
I am a driven and dedicated professional with a strong passion for learning and growth. I thrive under pressure, taking full responsibility for my actions even in demanding circumstances. With excellent organisational and communication skills, I effectively prioritize tasks, manage my time, and collaborate with others. My attention to detail and reliability ensure high-quality results, even when working independently. As a confident and balanced individual, I build strong relationships with people from diverse backgrounds and effectively communicate with stakeholders at all levels. With a natural affinity for numbers and a team-oriented approach, I excel in fast-paced environments and consistently deliver exceptional results.
Overview
15
15
years of professional experience
4
4
years of post-secondary education
3
3
Languages
Work History
Financial Controller
Ilex South Africa (Pty) Ltd
Johannesburg, South Africa
02.2016 - Current
- Daily reconciliation of subsidiary ledgers
- Journal entry preparation, posting and review
- Review and posting of daily cashbook processing and reconciliations
- Review and posting of creditors processing, reconciliations and payments
- Preparation and loading of forex payments
- Review of debtors reconciliations and ageing
- Preparation of monthly balance sheet reconciliations
- Month-end, quarter-end and year-end reporting and analytical review to Head Office
- Quarterly and year-end calculation and reconciliation of tax
- Quarterly and year-end preparation and analysis of management accounts and financial statements
- Fixed assets maintenance and reporting
- Inventory maintenance and reporting
- Assisting the Financial Manager with review and approval of purchase orders
- Assisting the Logistics department with posting of customer invoices, review and posting of inventory receipts, inventory adjustments and transfers
- Management and coordination of quarterly stock counts
- Weekly cash flow forecasting
- Monthly preparation of VAT returns and reconciliations
- Assisting the Financial Manager with budgeting and variance reporting
- Coordination of quarterly and year-end financial audits
- Coordination of audit reviews (Internal Audits, SOX)
- Assisting the Financial Manager with BEE Reporting
Financial Accountant
Yikusasa Building Contractors (Pty) Ltd
Johannesburg, South Africa
06.2014 - 01.2016
- Maintaining timely and accurate general ledger on EJM Costing and Accounting System
- Preparing the payroll for the wages fortnightly and salaries monthly on EJM payroll system
- Maintaining timely and accurate reconciliations such as bank reconciliations, supplier reconciliations and debtor reconciliations
- Preparing monthly management accounts, including monthly costing reports and work in progress reports
- Preparing monthly budgets and forecast and performing variance analysis
- Preparing and analysing the income statement and balance sheet
- Liaising and maintaining relationships with external contacts, e.g
- Lawyers, bankers and statutory bodies (such as SARS and The Department of Labour)
- Liaising with external auditors to ensure that the annual audit/monitoring is carried out efficiently
- Daily cash management, including cash forecasting
- Making payments on Standard Bank Business Online
- Oversee procurement of materials as management of suppliers
- Oversee front office administration and supervising staff
- Preparation and filing of VAT201s and EMP201s on SARS e-filing
- Preparation of all government reports, e.g
- Workman's Compensation reports
Senior, Business Services
Mazars Advisory Services (Pty) Ltd
Cape Town
08.2013 - 05.2014
- Compilation and drafting of financial statements of small, medium and large entities in Caseware
- Preparing working paper files
- Process and reconcile annual transactions from source documents
- Process and reconcile monthly client transactions and procedures, monthly management accounting reports, as well as client statutory returns
- Complete tax returns
- Resolve review queries from Manager and complete final entries as per Partner's finalisation
- Assisting junior staff with work and sharing knowledge
- Manage individual productivity and budgets
Trainee Accountant (Articles Completed December 2012)
MGI Bass Gordon
Cape Town, South Africa
02.2010 - 08.2013
- Compilation and drafting of financial statements of small, medium and large entities in Caseware
- Planning and preparation: Engagement evaluation, risk assessment at financial statement level and at account balance level, gathering information on the client, calculating planning materiality and deciding on the audit approach
- Performing of audit work: Analysis and assessment of internal controls to be relied upon
- Preparation of audit schedules, selection of samples, audit testing and concluding on audit testing
- Sections worked on include: Testing trade debtors and creditors; Inventory; Cash and cash equivalents; Plant, Property & Equipment; Revenue; Cost of Sales; Expenses
- Conclusion and finalisation: Calculation of final materiality, comparison of unadjusted audit differences to final materiality, consideration of subsequent events and going concern of the entity
- Processing bank statements, invoices in Pastel and/or Caseware and compiling financial statements
- Being responsible for first year and second year audit clerks, including supervision and guidance during the audit
- Getting exposure and working with different client's accounting packages such as Syspro, Exact, Pastel and Quickbooks
Education
Bachelor of Commerce (BCom) - Financial Accounting
University of Cape Town
Cape Town 04.2005 - 04.2009
Skills
Currentposition
Financial Controller at Ilex South Africa (Pty) Ltd
Timeline
Financial Controller
Ilex South Africa (Pty) Ltd
02.2016 - Current
Financial Accountant
Yikusasa Building Contractors (Pty) Ltd
06.2014 - 01.2016
Senior, Business Services
Mazars Advisory Services (Pty) Ltd
08.2013 - 05.2014
Trainee Accountant (Articles Completed December 2012)
MGI Bass Gordon
02.2010 - 08.2013
Bachelor of Commerce (BCom) - Financial Accounting
University of Cape Town
04.2005 - 04.2009
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