Dakhile Makhitha
Cape Town
Summary
Dynamic Fund Accounting Supervisor, adept at ensuring compliance with GAAP and IFRS while leading teams to achieve precise financial reporting. Proven ability to analyze complex data and engage stakeholders effectively, driving process improvements and mentoring staff to enhance performance in high-pressure environments.
Overview
8
8
years of professional experience
Work History
Fund Accounting Supervisor
TMF Group
Cape town
02.2025 - Current
- Oversee team of fund accountants to guarantee precise and timely NAV calculations and financial reporting.
- Review and approve daily, weekly, or monthly fund valuations.
- Ensure compliance with internal controls, regulatory requirements (e.g., SEC, IFRS, GAAP), and client SLAs.
- Provide leadership, mentoring, and training to staff; support performance evaluations, and workflow planning.
- Troubleshoot complex fund accounting issues, and escalate risks where appropriate.
- Participate in technology implementations, process improvements, and system upgrades.
Senior Fund Accountant
TMF Group
Cape Town
07.2023 - 02.2025
- Monitored compliance with applicable laws, regulations, policies, and procedures related to fund accounting activities.
- Prepare and review various monthly, quarterly, and annual reports for investors and regulatory bodies as required by law or contractual agreements.
- Maintained accurate records of all fund assets, including securities, derivatives, options, and futures contracts.
- Maintained fund portfolios, bookkeeping, and records based on GAAP and IFRS regulatory standards.
- Worked with auditors in annual audit and tax-filing activities.
- Oversaw the full accounting cycle and prepared the applicable financial statements.
- Acting as a point of escalation for complex client issues.
- Assist with the supervision and mentoring of a number of trainee accountants.
Corporate Accountant
TMF Group
Cape Town
05.2022 - 06.2023
- Analyzed financial information detailing assets, liabilities, and capital to assess the organization's financial position.
- Processing transactions in the fund accounting system for complex funds, asset deals, security pricing, foreign exchange spot and forward rates calculations, as well as the calculation of the fees, cash, and securities reconciliation.
- Prepared balance sheets, profit and loss statements, cash flow statements, and other documents for internal use, or for clients and auditors.
- Ensured compliance with applicable laws related to taxes and corporate filings.
- Reconciled bank accounts on a regular basis to maintain accurate records of transactions.
- Coordinated the audit process with external auditors, ensuring the timely completion of all required deliverables.
- Researched changes in laws to maintain adherence to financial regulations.
- Liaising with fund managers, brokers, and custodians to communicate information and resolve issues on a timely basis.
Financial Accounting Assistant
SystemAir (Pty) Ltd
Johannesburg
10.2021 - 05.2022
- Compiling analytical data reports for the Financial Controller and the Financial Accountant.
- Assisting in bank reconciliations, accounts receivable, accounts payable reconciliations, and VAT reconciliations.
- Restoring historical bank data and accounts receivable data through reconciliations and correct account allocations.
- Fixing the company’s Fixed Asset Register and ensuring that the Fixed Assets Register aligns with the assets in the accounting system.
- Ensuring that physical stock aligns with the stock in the accounting system.
- Assisting with staff expense claims.
Audit Clerk
Baxters Chartered Accountants and Auditors
Johannesburg
04.2019 - 06.2021
- Reviewed financial statements and documents for accuracy.
- Assisting and preparing annual financial statements.
- Prepared audit reports detailing findings and recommendations.
- Applying knowledge of IFRS, IFRS for SMEs, VAT, income tax, and applicable legislation.
- Verified the accuracy of financial data using appropriate auditing techniques.
- Identified areas of potential risk within client operations.
- Communicated audit results to stakeholders, including management teams, and board members.
- Checked data points, documentation, and financial postings for accuracy, integrity, and compliance with standards.
- Performed bookkeeping and accounting services.
Accounts Clerk
Federated Employers Mutual Assurance Company (RF) Pty
Johannesburg
06.2017 - 04.2019
- Maintained accurate records of financial transactions.
- Reconciled bank accounts on a daily basis.
- Reviewed expense reports for accuracy prior to processing reimbursement requests.
- Provided support for the annual audit process by preparing the necessary documents.
- Reconciled company credit cards, expense accounts, and other expenses and financial records.
- Investigating and assessing motor vehicle accident claims, and responsible for RAF claim recoveries.
- Maintain office supplies for all departments.
Education
Postgraduate Dimploma - Taxation
University of South Africa
Johannesburg07-2024
Postgraduate Diploma - Financial Accounting
University of South Africa
Johannesburg07-2024
Bcom - Accounting
University of Johannesburg
Johannesburg03-2017
ACCA | Applied Skills Level -
The Association of Chartered Certified Accountants
Cape TownSkills
- Financial reporting through GAAP and IFRS accounting
- Financial data analysis
- Audit coordination
- Computer literacy (Microsoft Excel, Microsoft Word, Microsoft PowerPoint)
- Fund administration and fund accounting
- Excellent team player
- Proven ability to work under pressure and to take initiative
- Ability to engage with various stakeholders
- Team leadership
Languages
English
First Language
Afrikaans
Advanced (C1)
C1
IsiZulu
Proficient (C2)
C2
IsiXhosa
Proficient (C2)
C2
Timeline
Fund Accounting Supervisor
TMF Group
02.2025 - Current
Senior Fund Accountant
TMF Group
07.2023 - 02.2025
Corporate Accountant
TMF Group
05.2022 - 06.2023
Financial Accounting Assistant
SystemAir (Pty) Ltd
10.2021 - 05.2022
Audit Clerk
Baxters Chartered Accountants and Auditors
04.2019 - 06.2021
Accounts Clerk
Federated Employers Mutual Assurance Company (RF) Pty
06.2017 - 04.2019
Postgraduate Dimploma - Taxation
University of South Africa
Postgraduate Diploma - Financial Accounting
University of South Africa
Bcom - Accounting
University of Johannesburg
ACCA | Applied Skills Level -
The Association of Chartered Certified Accountants
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