Busani Ncube
Johanessburg
Summary
Results-driven Financial Accountant with 15 years of experience in financial reporting, budgeting, and compliance. Specialises in delivering accurate financial statements, managing audits, and optimising cash flow to enhance profitability. Proven ability to streamline processes and collaborate with cross-functional teams, driving strategic financial planning and decision-making. Committed to maintaining financial integrity and transparency through meticulous data management and analysis.
Overview
1
1
Certification
17
17
years of professional experience
Work History
Financial Accountant
METQUIP PTY LTD
04.2009 - Current
- Generated financial statements documenting revenue, expenses and liabilities.
- Posted journal and ledger entries, prepared financial statements and reports and closed books.
- Prepared detailed monthly financial reports, including balance sheets and profit and loss statements, for senior management review.
- Oversaw accounts payable and receivable, ensuring timely processing of invoices and payments to maintain cash flow.
- Maintained updated chart of accounts following correct procedures and including current, accurate details.
- Reconciled monthly bank statements and resolved discrepancies.
- Updated general, sales and purchasing ledgers on schedule and verified information against documentation.
- Reported on operating income, expenses against budgets and forecasted trends.
- Used Excel spreadsheets and freshbooks software to manage clients and projects, reducing errors and optimising process.
- Produced monthly and year-end closing statements, financial documents and invoices.
- Produced profit and loss statements to balance spreadsheets and provide information to management.
- Generated sales tax invoice to provide customers' summary and proof of transaction.
- Completed detailed reviews of accounts and bookkeeping records to verify compliance with standards.
- Monitored accounts payable and receivables to calculate expenses and revenue.
- Conducted thorough variance analysis, comparing budgeted figures to actual outcomes, and provided insights for financial planning.
- Compiled financial information, figures and forecasts for budgetary decision-making.
- Negotiated favourable terms with suppliers and vendors, significantly reducing operational costs without compromising quality.
- Assisted departmental managers in developing inventory control measures that enhance efficiency. develop and optimise inventory controls.
- Reviewed financial statements and tax audits in detail to identify and correct discrepancies.
- Performed internal audits of financial transactions to verify discrepancies and errors.
- Facilitated financial training sessions for non-finance staff, enhancing organisational understanding of financial principles and practices.
- Established procedures and controls to keep staff in compliance with accounting standards, regulatory requirements and budget targets.
- Managed comprehensive financial audits, identifying discrepancies and recommending corrective actions to enhance financial integrity.
- Contributed to the development of financial policies and procedures, promoting transparency and accountability in financial management.
- Coordinated external audits, providing all necessary documentation and explanations to ensure compliance with financial regulations.
- Monitored cash flow projections regularly, adjusting strategies to address shortfalls and surplus to optimise financial health.
- Implemented robust internal controls to mitigate financial risk and comply with regulatory requirements and accounting standards.
- Conducted thorough investigations into financial records and suspected malfeasance.
- Streamlined month-end closing procedures, reducing processing time by 30% and increasing reporting efficiency.
- Assisted clients with insolvency and bankruptcy legal processes and compliance.
- Reviewed accounting methodologies to recommend financial actions and improve strategies.
- Led cost-reduction initiatives, identifying inefficiencies and implementing solutions to reduce expenses and improve profitability.
- Kept internal financial controls aligned with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
- Advised on the financial implications of business strategies, providing insights that shaped direction and drove sustainable growth.
- Played a key role in mergers and acquisitions, conducting due diligence and integrating financial systems to realise synergies.
Education
Foundation Degree in Science - ACCOUNTANT
DAMELIN COLLEGE
Johannesburg, GP01-1999
Skills
- Financial reporting
- Budget management
- Risk assessment
- Cost analysis
- Advanced Excel
- Financial forecasting
- Internal auditing
- Variance analysis
- Data reconciliation
- Cost Accounting
- Budgeting and forecasting
- Customer relations
- Account management
- Computer expertise
- Management accounting
- Strategic planning
- Client relationship management
- Customer Service
- Bookkeeping
- Profit and Loss Analysis
- Audit coordination
- General ledger experience
- Budget and cash flow
- Teamwork and collaboration
- Account reconciliation processes
- Problem solving strength
- Cash flow statements
- Financial planning
- Account reconciliation specialist
- Financial analysis
- Financial planner
- Account management
- Cash Flow analysis
- Spreadsheet competencies
- Account reconciliations
- Credit control
- Monthly close process
- Account reconciliation
- Audit procedures
- Balance sheet reconciliations
- Policies and procedures
- Annual accounts preparation
- Cash flow forecasting
- Budget oversight
- Double-entry bookkeeping
- Quickbooks
- Compliance testing knowledge
- IFRS knowledge
- Account reconciliation expert
- Budget development
- Staff training
- Balance sheet management
- Product and service knowledge
- General ledger accounting
- Interpersonal communication skills
- Expense reporting
- Records management
- Finance team performance reporting
- Customer rapport
- Microsoft Excel proficiency
- Data analysis tools
- Prospecting and networking skills
- Product management and pricing
- Database management
Languages
English
First Language
Xhosa
Advanced
C1
French
Beginner
A1
Certification
- Financial Accountant certified
Interests
- Play Chess
- Gym
- Travelling
Timeline
Financial Accountant
METQUIP PTY LTD
04.2009 - Current
Foundation Degree in Science - ACCOUNTANT
DAMELIN COLLEGE