Clifford Nyathi
Sandton
Summary
Dedicated Finance Professional with 18 years of experience in accounting and financial management. Demonstrated talents in management and cost accounting and creating impactful strategies to achieve business objectives and increase revenue and control costs. Excellent leadership skills.
Overview
16
16
years of professional experience
Work History
Group Financial Manager
Signature Cosmetics (Pty) Ltd
2014.01 - Current
- Responsible for the Finance Department for South Africa, Namibia, Botswana and Mozambique
- Enhanced financial reporting accuracy through regular audits and reconciliations, leading to improved decision-making capabilities.
- Maintain fixed asset and wear and tear registers, the capitalization thereof and depreciation
- Ensure accurateness of all Ledger accounts including Inter-Company loan accounts
- Cost of sales calculation
- FOREX related transactions of $5m
- Landed cost calculations of imported stock
- Oversee and review the Payroll Functions, commission calculations, times sheets, staff loan reconciliations of 800 staff members
- Perform Bank Recons across the group
- Prepared comprehensive financial statements for executive review, aiding in effective decision-making processes regarding growth opportunities and resource allocation.
- Prepare and manage external annual financial audit.
- Increased financial efficiency by streamlining budget processes and implementing cost-saving measures.
- Negotiated advantageous contract terms with suppliers, resulting in significant cost savings without sacrificing quality or delivery times.
- Developed annual budgets of R200m in collaboration with managing director.
Senior Executive
Varma & Co
2010.01 - 2014.01
- Involved in daily overseeing and management of the company's financial systems and budgets for clients
- Organizing and maintaining accurate company accounting records for my clients
- When necessary liaising with banks and other financial institutions
- Supervising junior members of staff and trainee accountants
- Analyzing financial data and preparing financial statements and accounting information and reports for senior managers and directors and proposing for recommendations for clients
- Involved in re-negotiating major agreements for clients
- Investigating and dealing with financial irregularities in various clients
- Preparation of corporate tax return, Finalization of accounts & managing tax audits
- Involved in the preparation of budgets and monitoring the company's profit or loss
- Providing advice on tax planning and VAT
- Preparation of variance Analysis Reports for clients
- Monitor cash flow to ensure healthy Working Capital for clients.
Management Consultant
Mahube Express
2009.01 - 2009.01
- Initiated and assisted in the setup of an accounting system
- Formulated budgets and standard costs
- Initiated and developed a strategic plan on how to increase company profits, improve cash balance, control costs and improve the company's market presence and share
- Formulated strategies on risk control especially theft
- Formulating strategies on increasing fleet and operational routes
- Assisted in the planning and initial offer to purchase a competitor company
- Advised in the recruiting of accounts department staff
- Formulated marketing strategies for peak and low seasons
- Active member of the website development team and ticket reservation system.
Education
TOPCIMA- Test of Professional Competence - achieved a pass grade - Management Accounting
Chartered Institute of Management Accountants
Gaborone12.2009
Management Accounting - Management Accounting
Chartered Institute of Management Accountants
Gaborone05.2009
Accounting Technician - Accounting Technician
Association of Accounting Technicians
Gaborone12.2005
Skills
- Adaptability and Accountability
- ERP Implementation
- Highly detail-oriented
- Budgeting and financial management
- Expense Control
- Cash Flow Management
- Performance Improvement
- Management accounting
References
Available upon request.
Timeline
Group Financial Manager
Signature Cosmetics (Pty) Ltd
2014.01 - Current
Senior Executive
Varma & Co
2010.01 - 2014.01
Management Consultant
Mahube Express
2009.01 - 2009.01
TOPCIMA- Test of Professional Competence - achieved a pass grade - Management Accounting
Chartered Institute of Management Accountants
Management Accounting - Management Accounting
Chartered Institute of Management Accountants
Accounting Technician - Accounting Technician
Association of Accounting Technicians
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