Bayanda Dlamini

Financial Reporting

• Prepared management accounts and financial statements in line with IFRS
• Prepared tax schedules
• Prepared monthly schedules and providing commentary against budgets and forecasts
• Financial reporting on projects and capex
• Managing intercompany transactions between subsidiaries and group
• Advising on complex accounting transactions
• Attending to audit queries
• Provided management accounting support to operations
• General Ledger Reconciliations
• Reviewing and posting journal entries
• Responsible for review of stock reconciliations
• Managing Creditors and Debtors function of the business

Budgeting and Forecasting

• Prepared budgets and 6 years business plan
• Prepared quarterly forecasts and latest estimates
• Prepared rolling cash flow forecast and providing commentary on variances
• Prepared cost centre reports and discussed results with Cost Centre Managers

Treasury Management

• Managing liquidity and bank daily movements
• Preparing weekly cash flow reports and present it to EXCO
  Managing counterparty risk - guarantees
• Releasing payments
• Managing bank limits
  Managing Banking Relations

CAPEX and Project Management

• Accounting for Work In Progress
• Tracking actuals against approved budgets
• Performing NPV calculations

Finance Operations

• Review of contracts, MOA's and sales agreements
• Managing employees
• Prepared and submitted SARB and Stats SA returns

Financial Reporting and Taxation

• Preparing consolidated financial statements for the Group (corporation and seven subsidiaries)
• Prepare and submit group’s monthly profitability report to Executive Committee
• Compile and submit the group’s liquidity report to EXCO
• Analysing group’s overall performance and documenting reasons for deviations against the targets
• General ledger management and review of journals
• Review of fixed assets capitalisations
• Review of VAT calculation
• Review of current tax and deferred tax calculations
• Attending to audit queries

Treasury Management

• Responsible for preparing and managing the 12 months rolling cash flow forecast
• Review of daily cash flow report
• Investing surplus funds and managing fixed term investments
• Managing long term borrowings and posting related journal entries
• Releasing of payments
• Managing grants for various projects

Budgeting

• Responsible for the compilation and consolidation of the group’s 3-year budget
• Review of the annual performance plan
• Quarterly review of the budget and compilation of the realistic forecasts

Budgeting and Forecasting

• Overall review of the Division's Budget to ensure affordability and compliance with the budget guidelines.
• Calculating the division’s 5-year funding requirement.
  Preparing capex budget.
• Preparing budgets and forecasts for loans and finance costs.
• Responsible for preparing 90 days cash flow rolling forecast.
• Responsible for preparing and consolidating 15 months rolling cash flow forecast.
• Forecasting for VAT payable
• Assisting Accounts Receivables, Accounts Payables, Capital Finance and Payroll departments to determine their cash flow requirements.

Financial Reporting

• Reviewing of the monthly financial statements (Income Statement, Balance Sheet and Cash Flow Statement)
• Capex Monthly Reporting
• Preparing financial dashboards for Finance Committee and the Board
• Participating in the month-end flash meetings to discuss the business' monthly financial performance.
• Performing variance analysis against budget and prior years.
• Implementation of latest IFRSs.
• Responsible for attending to audit queries.

Capex Management

• Raising accruals for capital projects
• Accounting for Capital Work in Progress (CWIP)
• Settling costs to a project
• Preparing capex dashboards for board packs
• Preparing project status report
• Calculating penalties for projects behind the schedule

Risk Management /Hedging

• Identifying financial risks in contracts and transactions and recommend appropriate strategies to mitigate risks.
• Identifying contracts that require hedging and proposing appropriate hedging instruments.
• Accounting for derivatives (hedge accounting –IFRS9).
  Managing of the Bank Guarantees.

Bank and Cash Management

• Daily monitoring of cash movements and performing variance analysis
• Responsible for managing the petty cash process.
• Opening and closing of bank accounts
• Managing bank relations

As a Capital Investment Manager (R10.5 billion Portfolio)

• Month-end Reporting (Capital Projects Expenditure)
• Preparation of Capital Investments Reports and Dashboards for EXCO
• Capital Investment Appraisals for new projects
• Facilitation and preparation of budgets for Capital Projects
• Capital Projects Budget Monitoring
• Responsible for Governance around Capital Projects
• Calculation of Borrowing Costs
• Attendee to Capital Investment Committee (EXCO Sub-committee)
• Performing reviews on Capital Projects

As a Revenue Manager (R4.5 billion Revenue)

• Responsible for Weekly/ Monthly Revenue Reports
• Overseeing Revenue Billing & Debtors Collection process
• Revenue and Debtors related journals
• Calculation of Revenue Claw-back and Givebacks
• Credit Evaluation of New Customers
• Working Capital Management
• Responsible for Product Reconciliation (Over/Under Deliveries)
• Responsible for reviewing proposed credit notes
  Cash-flow forecasts (90 days rollover)

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