Bheki Maphisa
Johannesburg
Summary
An accomplished and result driven financial leader with over 20 years working experience across various sectors. From managing comprehensive accounting tasks and analyzing financials and budgets to implementing procedural improvements and producing detailed financial reports, I excel in performing and overseeing a full range of financial concerns. My success in improving and updating internal controls along with my ability to manage employee relations in accordance with HR policy and procedures—prepares me to make a significant impact on your company in this role.
Overview
27
27
years of professional experience
1
1
Certification
Work History
Finance Manager
Univen
Thohoyandou, Limpopo RSA
08.2023 - Current
- Optimised cash flow via revenue improvement and cost reduction initiatives.
- Improved on-time creditor, third-party, and statutory deduction payment processing.
- Achieved 20% operational cost reduction through forecasting, budgeting, and budgetary control.
- Improved cost-to-income ratio through disciplined operating cost management and expense tracking.
- Achieved higher balance sheet value by lowering liabilities and raising assets and equity.
- Achieved operational efficiency using finance policy controls and established procedures.
- Reduced operational risk through strict adherence to governance and compliance principles.
- Achieved 100% compliance with SARS and other statutory requirements across operations.
- Improved financial reporting accuracy by conducting monthly reconciliations, reviews, and quality checks.
- Secured an unqualified audit opinion for two consecutive years after takeover.
- Strengthened stakeholder relations by coordinating stakeholder engagement across diverse groups.t
- Coordinated monthly payroll runs to ensure timely employee payments.
- Reviewed financial performance to strengthen organisational financial health and operational viability.
- Monitored statutory obligations and financial regulations to prevent penalties effectively.
- Analysed spending patterns to reduce expenses and increase profit through strategic plans.
- Reported financial position to support decision-making and guide budget formulation.
Senior Finance Officer
Institute of Business Advisors
Kempton park, Gauteng RSA
02.2021 - 12.2022
- Managed financial transactions and record-keeping with high accuracy under policies and regulations.
- Reviewed and reconciled bank statements to fix discrepancies and keep records accurate.
- Monitored budgets closely to prevent overspending and stay within limits.
- Created financial and forecast reports using Excel and PowerPoint.
- Prepared monthly financial reports showing key metrics and trends for senior review.
- Oversaw payroll processing to calculate wages, tax withholdings, and pension contributions accurately.
- Managed company payroll invoices, VAT, and other expense calculations independently.
- Developed strategies and policies to meet organisational needs and drive improvements.
- Monitored operations to align processes with targets and match forecasts.
- Coordinated with external auditors during annual audits and supplied transaction documentation.
- Kept the organisation compliant with regulations and internal requirements.
- Controlled expenses and allocated financial resources to hit budget goals.
- Selected and mentored senior staff to build a strong leadership team.
Senior Finance Officer
South African Municipal Union
Marshalltown, Gautent RSA
12.2014 - 02.2019
- Managed financial transactions and records with high accuracy according to policies.
- Reviewed and reconciled bank statements to resolve discrepancies and keep records accurate.
- Monitored budgets closely to prevent overspending against agreed limits.
- Created Excel and PowerPoint reports for financials and forecasting needs.
- Prepared monthly financial reports showing key metrics and trends for senior review.
- Processed payroll to calculate wages, tax withholdings, and pension contributions accurately.
- Managed company payroll invoices, VAT, and expense records end-to-end.
- Monitored daily operations to keep processes aligned with targets and forecasts.
- Coordinated with external auditors during annual audits with supporting documentation.
- Selected and mentored senior staff to build a strong leadership team.
- Maintained relationships with banking institutions to support favourable credit terms.
- Monitored cash flow projections regularly to inform investment and liquidity decisions.
- Provided ad-hoc financial analysis and reports for senior management requests.
Accountant
BAW South Africa
Springs, Gauteng RSA
01.2014 - 11.2014
- Reconciled monthly bank statements and resolved statement discrepancies quickly.
- Managed financial accounts by reconciling statements and monitoring cash flow daily.
- Managed accounts payable and receivable to settle invoices on time.
- Posted journal and ledger entries, prepared statements, and closed books monthly.
- Produced monthly and year-end closing statements for financial documents and invoices.
- Updated general sales and purchasing ledgers on schedule and verified documentation.
- Oversaw payroll operations, ensuring timely, accurate salary payments for employees.
- Generated financial statements covering revenue, expenses, and liabilities comprehensively.
- Reviewed accounts and bookkeeping records to verify compliance with standards.
- Coordinated month-end and year-end close processes for accurate reporting.
- Reconciled monthly bank statements and resolved statement discrepancies quickly.
Bookkeeper
EDULOAN
Roodepoort, Gauteng RSA
09.2013 - 12.2013
- Prepared invoices, processed payments, and followed up daily on balances.
- Maintained the general ledger by posting accurate monthly journal entries.
- Reconciled bank and credit card accounts weekly, monthly, and quarterly.
- Reconciled bank statements against company books, correcting discrepancies for reporting accuracy.
- Processed journal entries, transfers, and payments through online systems.
- Handled cash and deposits using correct accounting procedures and documentation.
- Verified transaction documents, matching entries to system reports and balances.
- Received and processed reconciled invoices in financial management software, generating payments promptly.
- Managed accounts payable and receivable based on agreement terms.
- Monitored accounts receivable and payable, executing collections and payments for cash flow.
Finance Clerk
Redi Solution
Randburg, Gautent RSA
01.2010 - 09.2012
- Updated balance sheets with accurate asset and liability breakdowns daily.
- Updated general ledger documents to keep transaction records accurate and complete.
- Reconciled bank statements monthly, corrected discrepancies, and followed up on issues.
- Maintained petty cash for ad-hoc business expenses and timely withdrawals.
- Updated financial databases regularly to show accurate available financial information.
- Followed standard accounting procedures to keep records consistent and audit-ready.
- Liaised with customers to resolve billing inquiries for prompt payment.
- Resolved billing inquiries with customers to sustain positive payment relationships.
Claim Insurance Administrator
REDI Solutions
Randburg, Gautent RSA
02.2007 - 12.2009
- Examined settlement offers and approved them before claimant submission for authorisation.
- Collaborated with other departments to gather accurate information for investigations.
- Compiled detailed claim-trend reports for strategic planning meetings and reviews.
- Prepared quarterly claims packs and collated supporting evidence for each submission.
- Managed insurance budgets, keeping spend within allocated funds to remain on budget.
- Handled all customer interactions courteously to enhance satisfaction and trust.
- Presented quarterly performance reports to stakeholders on risk mitigation.
- Monitored accounts to verify claims processing stays within agreed timescales.
- Examined settlement offers and approved them before claimant submission for authorisation.
- Collaborated with other departments to gather accurate information for investigations.
- Compiled detailed claim-trend reports for strategic planning meetings and reviews.
- Prepared quarterly claims packs and collated supporting evidence for each submission.
- Managed insurance budgets, keeping spend within allocated funds to remain on budget.
- Handled all customer interactions courteously to enhance satisfaction and trust.
- Presented quarterly performance reports to stakeholders on risk mitigation.
- Monitored accounts to verify claims processing stays within agreed timescales.
Assistant Internal Auditor
Crabtree Electrical Accessories
Wadeville, Gauteng RSA
06.1999 - 12.2004
- Contributed to internal audit strategy and objective planning for organisation-wide reviews.
- Defined audit scope and completed internal audits with documented insights and actions.
- Coordinated with external auditors by supplying required documentation and ongoing support.
- Coordinated with external auditors to provide needed documentation and support.
- Analysed internal controls and recommended improvements to enhance efficiency.
- Developed audit plans and schedules aligned to organisational priorities.
- Summarised internal audit findings and presented results to senior management.
- Analysed operational procedures to identify inefficiencies and recommend practical improvements.
- Prepared detailed audit reports featuring findings and corrective actions.
- Contributed to thedevelopment of the internal audit strategy and defined objectives.
- Determined audit scope, completed internal audits, and managed insights and actions.
- Planned audit work, completed audits, and presented recommendations to senior management.
Skills
- Data Analysis and Business Analytics
- International Financial Reporting Standards (IFRS)
- Budget Management, Planning & Forecasting
- Financial Planning & Analysis
- Expenditure Control
- Strategy Development & Execution
- Corporate Governance
- Performance Management & Evaluations
- Team Management
- Training, Coaching & Mentoring
- Human Resources
- Process Improvement
- Implementation of Internal Controls
- Change Management
- Cashflow Management
- Vat & Tax Compliance
- Audit Management
- Cost Control & Reduction
- Financial Statement Preparation
- Working Capital Management
- Stakeholder Engagement
Certification
- Value-Led Leadership and Ethical Governance
- Data and Business Analytics
- Regular Examination Certificate: RE
- Insurance of Short-Term Insurance: FAIS
- Certificate: Pastel Accounting Partner
- Report Writing Course Tingley
References
- Morokolo, Mnadi, UNIVEN Manager, Morokolo.mnadi@univen.ac.za, +27 (0) 69 857 9793
- Sibusiso, Ncamele, Former Manager: SAMWU, sncambele@yahoo.com, +27 (0) 721 768 589
- Mpho, Mfikeo, Former IBASA Managing Direct, pmfikeo@gmail.com, +27 (0) 83 993 6120
Education
- Master of Commerce Accounting (in progress), University of Witwatersrand
- Master of Business Administration, 2019, MANCOSA
- Postgraduate Diploma in Business Management, 2017, MANCOSA
- National Diploma Internal Audit, 2006, VAAL UNIVERSITY OF TECHNOLOGY
Timeline
Finance Manager
Univen
08.2023 - Current
Senior Finance Officer
Institute of Business Advisors
02.2021 - 12.2022
Senior Finance Officer
South African Municipal Union
12.2014 - 02.2019
Accountant
BAW South Africa
01.2014 - 11.2014
Bookkeeper
EDULOAN
09.2013 - 12.2013
Finance Clerk
Redi Solution
01.2010 - 09.2012
Claim Insurance Administrator
REDI Solutions
02.2007 - 12.2009
Assistant Internal Auditor
Crabtree Electrical Accessories
06.1999 - 12.2004