Boitumelo Pitso
Senior Fund & Investment Accountant
Sandton
Summary
Experienced professional with a proven track record in [industry/field]. Demonstrated expertise in [specific skills or areas of specialization]. Adept at [key responsibilities or tasks] and consistently delivering exceptional results. Strong problem-solving abilities and a strategic mindset, allowing for effective decision-making and driving organizational success. Committed to continuous learning and staying up-to-date with industry trends to provide innovative solutions. Known for excellent communication skills, fostering collaborative relationships, and effective leadership of cross-functional teams.
Overview
17
17
years of professional experience
Work History
Property Rental Manager
Self-Employed
Ruimsig
01.2022 - Current
- Collecting rent and other property fees from tenants
- Paying property & municipal expenses, including taxes, mortgages, insurance premiums and maintenance costs
- Hiring a leasing agent to advertise vacant properties, find tenants and to assess their applications by running background checks on potential tenants to evaluate their criminal record and credit status
- Inspecting properties, obtaining quotes from contractors for maintenance issues and arranging for repairs and new materials as required
- Arranging for maintenance, landscaping, security and other ongoing services
- Investigating and resolving property complaints and rental violations
- Completed final move-out walk-throughs with tenants to identify required repairs.
- Conducted regular property inspections, identifying areas for improvement and proactively addressing potential safety hazards.
- Verified income, assets, and expenses, and completed file tracking sheet for each applicant.
- Introduced prospective tenants to types of units available and performed tours of premises.
- Managed multiple properties simultaneously, coordinating efficient allocation of resources and streamlining communication channels to maintain high levels of operational excellence.
- Established strong relationships with local authorities, ensuring prompt attention to code violations or other regulatory matters affecting the property''s operations.
- Developed comprehensive preventative maintenance programs to prolong the lifespan of building systems and reduce costly emergency repairs.
- Fostered a sense of community among residents through well-planned social events and activities that encouraged interaction amongst neighbors.
- Managed budget effectively, ensuring all property expenses were kept within allocated funds.
- Conducted regular property inspections to preemptively identify and address maintenance needs.
- Developed comprehensive emergency response plan, improving preparedness for unexpected events.
- Increased revenue with strategic lease renewal negotiations, focusing on tenant retention.
- Collected and maintained careful records of rental payments and payment dates.
Senior Fund & Investment Accountant
Cedar Employee Benefits (NMG)
Braamfontein
01.2017 - 01.2022
- Capture and post contributions received made by eft or stop orders
- Reconciled monthly bank statements and resolved discrepancies
- Produced monthly reports, regulatory returns and reconciliations, informing stakeholders of critical financial data to analyze trends and project future changes
- Invest and transfer fund assets according to trustees' instructions
- Maintained updated chart of accounts following correct procedures and including current, accurate member details and balances
- Coordinated month-end closing processes to ensure completion ahead of aggressive deadlines
- Prepared quarterly and yearly member fund valuation and reviewed submitted documentation with the trustees, valuator and auditors
- Maintained robust financial records for business for regulatory reporting and taxation
- Generated quarterly financial reports to detail company revenues and expenses
- Kept up-to-date with regulatory reporting requirements from SARB and FSCA, verifying compliance in alignment with changes
- Communicated with internal and external auditors to coordinate scheduled audits and compliance reviews
- Completed scheduled audits to uncover and resolve financial discrepancies or budget overages
- Led month-end and quarter-end posting and reconciliation processes
- Supported reconciliations between local and regulatory reporting and resolved discrepancies within established timeframes
- Identified and implemented process changes to improve reporting time and quality
- Used excel formulas to perform bookkeeping, invoicing and bank reconciliations
- Generated financial statements documenting revenue, expenses and liabilities
- Conducted thorough investigations into financial records and suspected malfeasance
- Reported on operating income, expenses against budgets and forecasted trends
- Advised clients on required operational changes necessary for any legislation compliance
- Completed detailed reviews of accounts and bookkeeping records to verify compliance with standards
- Reviewed financial statements and tax audits in detail to identify and correct discrepancies
- Managed year-end processes to calculate and return accurate fund value
- Produced monthly and year-end closing statements, financial documents and invoices
- Liaised with the asset managers, bank officials, brokers, clients, consultants and trustees
- Ensured that tax certificates, benefit statements and consolidated fund statements are issued annually to members
- Continuously updated professional knowledge by attending industry conferences, participating in training programs, and staying current with market trends.
- Participated in strategic planning sessions to align team goals with overall organizational objectives for long-term success.
- Utilized advanced software tools to automate routine tasks, increasing productivity and reducing errors in financial reporting.
- Evaluated the effectiveness of current procedures regularly, recommending improvements where necessary.
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Gathered financial information, prepared documents, and closed books.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Used advanced software to prepare documents, reports, and presentations.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
- Prepared working papers, reports and supporting documentation for audit findings.
Specialist Fund Accountant
Eskom Pension & Provident Fund
Bryanston East
01.2015 - 01.2017
- Prepared daily and monthly reconciliations on all benefit payments and raising of liabilities and third-party payments
- Accurately performed daily functions, including transactions mapping of Chart of Account and tracking, budgeting, payroll transactions, expense management, contributions receivable and various reconciliations, trust, benefits, pensioner, unclaimed benefits, taxation all Money Purchase schemes and other accounts
- Reviewed and authorized all membership count reports on a monthly basis and ensure queries are cleared by relevant departments
- Established procedures and controls to keep staff in compliance with accounting standards, regulatory requirements and budget targets
- Compiled financial information, figures and forecasts for budgetary decision-making
- Modified comprehensive financial reporting package to reflect organizational growth and expansion
- Mentored junior staff members with constructive feedback and actionable steps for performance improvement
- Coordinated month-end and year-end closing processes to ensure completion ahead of aggressive deadlines
- Supported reconciliations between local and regulatory reporting and resolved discrepancies within established timeframes
- Communicated with internal and external auditors to coordinate scheduled audits and compliance reviews
- Completed scheduled audits to uncover and resolve financial discrepancies or budget overages
- Produced monthly and year-end closing statements and financial documents
- Addressed recurring operational inefficiencies and poor financial governance with optimized accounting processes
- Recommended strategies for optimizing efficiency and minimizing liabilities in future tax periods
- Reviewed financial statements and tax audits in detail to identify and correct discrepancies
- Helped departmental managers develop and optimize controls by coming up with new processes and testing them on the Administration and Accounting systems
- Updated general, sales and purchasing ledgers on schedule and verified information against documentation
- Kept internal financial controls aligned with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)
- Reported on operating income, expenses against budgets and forecasted trends
- Posted journal and ledger entries, prepared draft financial statements and reports and closed books
- Collaborated with cross-functional teams to achieve project goals on time and within budget.
- Improved customer satisfaction rates through proactive problem-solving and efficient complaint resolution.
- Followed all company policies and procedures to deliver quality work.
- Championed the adoption of new software tools that streamlined workflows across multiple departments.
- Implemented new training programs for staff, leading to higher employee retention rates and better overall performance.
- Coordinated with IT department to upgrade cybersecurity measures, safeguarding company data.
- Implemented customer feedback system to inform product development.
- Enhanced customer satisfaction with timely and accurate issue resolution.
- Led cross-functional team to launch new product, exceeding initial sales forecasts.
- Boosted company's online presence by developing comprehensive digital marketing strategy.
- Developed training materials to enhance staff proficiency and productivity.
- Facilitated workshops for professional development of junior staff members.
- Collected, arranged, and input information into database system.
- Enhanced financial reporting accuracy by diligently reconciling fund transactions and positions.
- Delivered timely month-end reports with a focus on data integrity and thorough analysis.
- Maintained accurate transaction processing record.
- Resolved accounting variances and estimated monthly closing accruals.
- Collaborated effectively with auditors to ensure an efficient annual audit process, promptly addressing inquiries and providing necessary documentation.
- Ensured regulatory compliance by staying up-to-date on industry standards and guidelines.
- Generated routine and ad-hoc financial statements for management.
Investment Fund Accountant
Public Investment Corporation
Pretoria
01.2014 - 12.2014
- Compared daily prices between the investment administration system and the I-Net
- Resolved discrepancies between Charles River Trade Ticket and Brokers notes
- Sent accurate settlement instructions to the custodians
- Accounted for all external manager transactions and captured all transactions and adjustments as required in the Investment Administration area
- Authorized journals to be passed by other Fund Accountants and Posting journals
- Ran Corporate Actions auto batches on Hiport
- Preparing proxies
- Checked price variations, new listings and stale prices against Dashboard Valuations and BESA
- Prepared orders to deliver excellent presentation and quality standards
- Managed complaints with calm, clear communication and problem-solving
- Collaborated with team members to achieve target results
- Identified issues, analyzed information and provided solutions to problems
- Oversaw and preserved records of financial transactions to optimise workflow and maintain consistent documentation
- Followed all company policies and procedures to deliver quality work.
- Collaborated with cross-functional teams to achieve project goals on time and within budget.
Specialist Fund Accountant
Stanlib
Melrose Arch
01.2013 - 12.2014
- Eliminated incorrect Net Asset Value calculation by ensuring all daily transactions are accurately processed in the investment administration system and the pricing system
- Eliminated incorrect Net Asset Value calculation by performing key daily reconciliations for the portfolio
- Delivered accurate daily fund packs to pricing managers with all processing and daily reconciliations
- Prepared monthly audit packs with schedules and reconciliations for review to accounting managers for submission to auditors
- Assisted in the accurate monthly, quarterly & annual regulatory reporting required
- Prepared and submitted the quarterly reporting to SARB
- Followed all company policies and procedures to deliver quality work.
- Led cross-functional team to launch new product, exceeding initial sales forecasts.
Fund Accountant
Liberty Life
Braamfontein
01.2008 - 12.2010
- Recorded accurate data in accordance with the Department policies and procedures
- Calculated member contributions and ensured that accounting fees were loaded
- Prepared Annual Financial Statements in accordance with GAAP
- Identify exceptions and problems affecting accounting records and prices
- Responding to queries from trustees and prepared range of written communications, documents and reports
- Submitting Financials to the FSB
- Collaborated with fund managers regularly to align efforts to confirm accurate financial reporting.
- Prepared cash and currency reconciliation reports for counterparty accounts.
- Optimized work processes through collaboration with team members and cross-functional departments.
- Reconciled daily trading transactions to ascertain necessary month-end adjustment measures.
- Enhanced financial reporting accuracy by diligently reconciling fund transactions and positions.
- Delivered timely month-end reports with a focus on data integrity and thorough analysis.
- Maintained accurate transaction processing record.
- Collated monthly shareholder activity reports and transmitted completed reports to [Type] manager.
- Increased transparency within the organization through clear documentation of accounting policies and procedures.
- Performed comprehensive analysis to support portfolio management decisions, facilitating optimized investment strategies.
Education
Bachelor of Commerce in Accounting -
University of Limpopo
Polokwane 04.2001 -
Bookkeeping Certificate - Bookkeeping
Boston Business School
KrugersdorpHigh School Diploma -
PHAHAMA SENIOR SECONDARY SCHOOL
RandfonteinSkills
Property management
Tenant relations
Maintenance scheduling
Property inspections
Portfolio management
Cash flow management
ERP systems proficiency
Tax compliance
Audit support
GAAP
Expert problem solving
Root-cause analysis
Analytical thinking
Team collaboration
Quality assurance
Customer relations
Timeline
Property Rental Manager
Self-Employed
01.2022 - Current
Senior Fund & Investment Accountant
Cedar Employee Benefits (NMG)
01.2017 - 01.2022
Specialist Fund Accountant
Eskom Pension & Provident Fund
01.2015 - 01.2017
Investment Fund Accountant
Public Investment Corporation
01.2014 - 12.2014
Specialist Fund Accountant
Stanlib
01.2013 - 12.2014
Fund Accountant
Liberty Life
01.2008 - 12.2010
Bachelor of Commerce in Accounting -
University of Limpopo
04.2001 -
Bookkeeping Certificate - Bookkeeping
Boston Business School
High School Diploma -
PHAHAMA SENIOR SECONDARY SCHOOL
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