Avril Notelovitz
Business Transformation
Johannesburg
Summary
Results-driven Executive with forward-thinking approach centered on company success and profitability. Demonstrated record of success in building successful teams and trouble shooting. Skilled Finance professional experienced in Banking and IT industry and demonstrated success learning new fields quickly. History of making substantial impacts with forward-thinking, resourceful and adaptable strategies. Successful at understanding markets, key business decisions and financial operations. High-achieving visionary leader with extensive executive-level experience and proven vision to lead organizations to continuous profitability. Running routine operations and spearheading revolutionary updates to keep teams adaptable and systems scalable for changing demands. Accomplished Chief Officer equipped with natural leadership talents and proven business acumen. Specializes in effectively running and continuously optimizing Finance and procurement operations. Proven talents in building strategic partnerships with stakeholders and driving necessary change. History of streamlining operations, increasing revenue and reducing costs to maximize business profits. Decisive and strategic leader with demonstrated track record of success in Finance and Procurement. Results-driven Executive with 33 years of progressive experience the Financial Services and IT industry. Exceptional leader, change manager and complex problem solver. Proven skills in operations oversight, policy development and process improvements. Accomplished leader with progressive industry background and decisive leadership style. Offers strategic planning abilities, background in change management and forward-thinking mindset. Ready for challenges and focused on meeting future demands.
Overview
31
31
years of professional experience
8
8
years of post-secondary education
Work History
CEO
One80degrees Financial Solutions (Pty) Ltd
Johannesburg
03.2019 - Current
- Website: www.one80degrees.net
- Reviewed individual department performance and worked with leadership to improve processes, procedures and practices in Global Finance and Procurement.
- Established foundational processes for business operations.
- Clients ranged from restaurant owners, IT Hardware and Software services businesses, Safe business
- Resolved long outstanding Tax problem resulting in R13m saving for restaurant owner
- Implemented a new Finance Transformation Model for an IT Services business domiciled in the Netherlands with various subsidiaries around the world
- Transformed and implemented a new Operating Model for a Shared Services in India
- Transferred a Shared Services in India to Hungary
- Implemented Procurement Operating Model for a local IT Hardware Business
- Engaged positively with staff and leadership colleagues, soliciting and encouraging feedback and collaborative spirit.
- Coached and guided senior managers to improve employee job satisfaction and achieve higher performance levels.
- Addressed employee and managerial concerns and implemented corrective actions to promote compliance.
- Implemented strong hiring and training techniques to promote team cohesiveness and streamline overall workflow.
- Managed partnerships and strategic business relationships by negotiating contract terms and handling conflicts.
- Worked with department heads to address team needs and offer high-level support for everyday operations.
- Cultivated forward-thinking, inclusive and performance-driven company culture to lead industry innovations.
- Identified new revenue generation opportunities to maximize bottom-line profitability.
Joint CPO First Rand
Joint CPO First Rand
Johannesburg
02.2008 - 02.2019
- Built Procurement and Vendor Management from identifying need to fully functional departments
- Proven track record of saving - Saved R1.4 billion ( audited) by implementing cost-saving initiatives that addressed long-standing problems
- BBBEE Track record improvement to full points including the bonus points for FirstRand Group
- Launched Group Travel across FirstRand (Global) – a federated organization
- Championed and led the Procurement Community at FirstRand with initiatives that saved millions for FNB and Wesbank, of Regulatory Reporting RMB Global
- Developed and implemented performance improvement strategies and plans to promote continuous improvement.
- Managed team of employees, overseeing hiring, training and professional growth of employees.
- Led projects and analyzed data to identify opportunities for improvement.
- Worked within applicable standards, policies and regulatory guidelines to promote best in class Procurement and Vendor Management
- Resolved conflicts and negotiated mutually beneficial agreements between parties.
- Maintained energy and enthusiasm in fast-paced environment.
Bank Regulations Specialist - Head
Rand Merchant Bank
Johannesburg
01.2004 - 01.2008
- (SARB) issued a Section 7 for RMB
- SARB appointed their own auditors as RMB who failed to deliver accurately on their Reporting submissions to SARB
- This resulted in a Section 7 against RMB which may have resulted in RMB losing their banking license
- As a result of the appointment of Mrs
- Notelovitz the SARB Auditors issued a clean audit report with no qualifications for both Dublin and SA 18 months later – under the 2-year period the Bank had to redeem themselves
- Improved inefficiencies in the Regulatory Reporting department, which resulted in reducing the number of people from 9 to 3
- This was achieved through the successful re-implementation of an automated system
- The automated system had been bought 5 years before but was not used correctly
- As a result of the re-implementation of the system – data for producing BOTH management accounts and Regulatory Reports was housed in one area
- Realized benefits for both Management Accounts team and Regulatory Reporting team
- As a result of my experience and reputation represented RMB at the BA Task committee
- This was a joint committee of Banks, Banking Council, SAICA and SARB to create more efficiency in reporting for Banks
- The BA Task Committee changed the way Banks across South Africa submitted information
- It allowed banks to maintain one source of data for both SARB, and Internal Financial requirements thus protecting integrity of information and ensuring that banks eliminated inefficiencies in their processes.
Group Financial Controller
Investec
01.1992 - 07.2004
- Designed, created and ran the TOPP (Training outside Public Practice) Program at Investec in 1998
- Invited onto SAICA’s Training and Education committee for TOPP – to assist in setting the standards for training of TOPP students during their commercial articles
- Managed staff and output in the various roles listed above and below
- Implemented automated Reserve Bank Reporting system
- Implemented Group Chart of Accounts - incorporating different jurisdictions and accounting policies
- Implemented and maintained oversight and integrity of Financial databases for all reporting in Finance
- Group Budget Process - Designed and implemented the full process
- Trained new candidates on Reserve Bank Reporting and Group Management Accounting
- Year End Reporting, Group Listings and Annual Reports
- Automated the financial reporting for Group Share Capital
- Reported to Stephen Kosseff (CEO) on the return for the Group Share Capital division, highlighting information such as the need for Forward Cover on Open foreign positions and returns on various investments which included the Group’s foreign investments
- Calculation of Group Share Capital charges to the various Business Unit ( Transfer pricing)
- Verified accurate completion of corporate income tax returns and optimal use of favorable tax codes.
- Incorporated all new aquisitions into accounting records post purchase
- Presentation of Budgets to Group Executive
- Responsible for preparation of Investec Annual Reports
- Designed and completed various rating agency packs for various rating agencies, locally and internationally
- Responsible for Reserve Bank Reporting
- Involved in Group Restructure from a system and accounting point of view during various acquisitions and mergers
- Designed the General Ledger
- Designed executive reports for Management Accounts for C Suite Executives and the Board
- Completed journal entries, reconciliations and account analysis to prepare quarterly financial documents and general account management.
- Created and distributed reports on internal and external finances, audits and budgets.
- Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.
- Prepared balance sheets, cash flow reports and income statements.
- Worked with both internal and external users to create detailed financial reports.
- Accurately completed financial statement audits and thoroughly reviewed results.
- Assisted in upper-level decision making by creating comprehensive financial reports and collaborating with finance and accounting departments.
- Supervised accurate, efficient and compliant completion of monthly financial reporting packages.
- Prepared external audit documentation and financial reports
- Introduced internal controls to monitor critical areas of financial control and devised corrective actions to address risks or deficiencies. eg segregation of duties , standardised reporting methodology
- Reduced waste and boosted productivity by restructuring finance and accounting departments.
- Updated and reviewed financial reporting packages and managed financial reporting processes.
- Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing and sales tax returns.
- Completed year-end close processes through effective supervision financial functions and regular treasury transactions.
- Directed corporate decision-making and planning by monitoring and setting policies and procedures to optimize fiscal performance.
- Organized and maintained budget and financial administration for [Number] business segments.
- Developed effective strategies to turnaround failing [Type] assets.
- Managed [Number] financial statement reviews to coordinate variance reporting.
- Reviewed documents and data to give accurate presentations and forecasts to upper management.
Education
Procurement And Supply Chain
MCIPS Procurement And Supply Chain - UK
United Kingdom 06.2015 - 06.2015
No Degree - Business
Gordon Institute of Business
Johannesburg 04.2001 -
Chartered Accountant C.A (S.A.) - Accounting
South African Institute of Chartered Accountants
South Africa 06.1992 - 06.1992
B Com Honours Accounting Science - Accounting
UNISA
South Africa 01.1990 - 12.1991
B Com Accounting Science - Accounting
Unisa
South Africa 01.1987 - 11.1989
Bachelor of Accountancy - Economics
Wits University
South Africa 01.1984 - 11.1986
Skills
Financial leadership
Affiliations
MCIPS
CA (SA)
Quote
The way to get started is to quit talking and begin doing.
Walt Disney
Timeline
CEO
One80degrees Financial Solutions (Pty) Ltd
03.2019 - Current
Procurement And Supply Chain
MCIPS Procurement And Supply Chain - UK
06.2015 - 06.2015
Joint CPO First Rand
Joint CPO First Rand
02.2008 - 02.2019
Bank Regulations Specialist - Head
Rand Merchant Bank
01.2004 - 01.2008
No Degree - Business
Gordon Institute of Business
04.2001 -
Chartered Accountant C.A (S.A.) - Accounting
South African Institute of Chartered Accountants
06.1992 - 06.1992
Group Financial Controller
Investec
01.1992 - 07.2004
B Com Honours Accounting Science - Accounting
UNISA
01.1990 - 12.1991
B Com Accounting Science - Accounting
Unisa
01.1987 - 11.1989
Bachelor of Accountancy - Economics
Wits University
01.1984 - 11.1986
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