Banele Nkosi
Summary
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Overview
13
13
years of professional experience
Work History
Senior Financial Accountant Energy Consolidation & Upstream
Sasol Energy - Gas Sourcing Operation
- I am responsible for the financial reporting within the Sasol Upstream division
- Preparing month-end, the Statutory Reporting and financial compliance processes
- Timely and accurate monthly OneStream reporting, Preparation of GL reconciliations
- Preparation of the forecasts as well as the annual budgets
- Preparation of the of the year-end and interim IFRS reporting OneStream packs
- Preparation of Annual Financial Statements
- Liaising with external auditors
- Ensuring that invoices are processed and that suppliers are paid timeously
- Accurate and timely TM1 variance analysis of the movement of expenditure between prior year and budget
- Prepare Board Papers Financial reports
- Ensuring SOX compliance in my areas of responsibility
- Form 20-F reporting
- Systems competencies: OneStream reporting, HFM Reporting, SAP, Microsoft Excel, Word and PowerPoint, TM1, OneSource tax system.
Senior Financial Accountant Energy Consolidation & Upstream
Sasol Oil - Gas Sourcing Operation
02.2020 - 08.2020
- I was responsible for the financial reporting within the Sasol Upstream division assisting in the Manager Finance & GL upstream position
- Plan, monitor and co-ordinate the Business Unit Statutory Reporting process for year end and half year end
- Coordinate the internal RPC process regarding the accounting treatments of unique accounting transaction aligned to IFRS treatment
- Coordinating statutory reporting deliverables
- Consolidation of business unit financial results.
Senior Accountant: Financial Reporting Holding Companies
Sasol Limited
04.2016 - 01.2020
- I was responsible for the financial reporting within the Sasol Group holding companies
- Plan, monitor and co-ordinate the Business Unit Statutory Reporting process for year end and half year end
- Performing impairment calculation and preparing the accounting treatments papers for the Reporting Practices Committee approval
- Timely and accurate monthly HFM reporting, Preparation of GL reconciliations
- Preparation of the forecasts as well as the annual budgets
- Preparation of the year-end and interim IFRS packs on HFM
- Preparation of Annual Financial Statements
- Liaising with external auditors
- Prepare Board Papers
- Ensuring SOX compliance in my areas of responsibility
- Coordinating statutory reporting deliverables
- Executing funding requirements
- Performing liquidity and solvency analysis
- Preparing Tax returns and VAT returns
- Preparing statutory returns i.e
- Stats returns
- Rolling Capital Plan (RCP) Financial reporting
- Other ad hoc responsibilities included: Tax notes disclosure for Group Annual Financial statements during statutory periods.
Senior Accountant
Sasol Group Services (Pty) Ltd
08.2013 - 02.2016
- I was responsible for the financial reporting within the Sasol Group
- Processing various month-end journals and ensuring account hygiene on SAP
- Preparing reconciliations of major balance sheet and income statement accounts
- Timely and accurate monthly HFM reporting
- Accurate and timely TM1 variance analysis of the movement of expenditure between prior year and budget
- Plan, monitor and co-ordinate the Business Unit Statutory Reporting process for year end and half year end
- Coordinate the internal prepare with position papers on accounting treatments to Reporting Practices Committee
- Coordinating statutory reporting deliverables.
Assistant Financial Manager: Sasol Properties Reporting
Sasol Group Services (Pty) Ltd
10.2011 - 01.2013
- Processing various month-end journals and ensuring account hygiene on SAP
- Executing budget and forecast on HFM
- Preparing tax return and VAT returns
- Preparing stats return
- Coordinating intercompany transaction.
Senior Management Accountant: Information Management (IM)
Sasol Shared Services a division of Sasol Group Services (Pty) Ltd
11.2009 - 10.2011
- Prepare and review monthly management and cost reports, presenting results in EXCO meeting, and helping budget owners to understand their cost and support their cost control process
- Coordinate the internal monthly management reporting, variance analysis and providing support on group reporting and ad hoc request
- Support in all matters of governance and compliance
- Manage the monthly Group Functions cashflow forecasting process for submission to treasury
- Budgeting and Forecasting ensuring accurate budget
- Provide financial results input for the Exco report
- Business Performance Matrix, reporting and analysing the non-financial performance of the IM business for publication by Sasol Group.
Project Accountant: International projects
Sasol Technology (Pty) Ltd
01.2008 - 10.2009
- Executing financial aspects of specific projects, tracking expenses, ensuring financial compliance using the work base structure (WBS), providing regular financial report
- Coordinating with cost controllers to make sure that cost is timely invoiced
- Preparing the ageing analysis and make sure that old items are cleared on time.
Education
Skills
Financial planning and analysisundefined
References
References available upon request.
Timeline
Senior Financial Accountant Energy Consolidation & Upstream
Sasol Oil - Gas Sourcing Operation
02.2020 - 08.2020
Senior Accountant: Financial Reporting Holding Companies
Sasol Limited
04.2016 - 01.2020
Senior Accountant
Sasol Group Services (Pty) Ltd
08.2013 - 02.2016
Assistant Financial Manager: Sasol Properties Reporting
Sasol Group Services (Pty) Ltd
10.2011 - 01.2013
Senior Management Accountant: Information Management (IM)
Sasol Shared Services a division of Sasol Group Services (Pty) Ltd
11.2009 - 10.2011
Project Accountant: International projects
Sasol Technology (Pty) Ltd
01.2008 - 10.2009
Senior Financial Accountant Energy Consolidation & Upstream
Sasol Energy - Gas Sourcing Operation
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