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
Advanced Microsoft Excel
Data analysis and interpretation
Financial reporting and analysis
Accounting standards (GAAP, IFRS)
Microsoft Dynamics (Great Plains) 2015 and other accounting software
Tax planning and compliance
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