Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
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David Machimbidzofa

David Machimbidzofa

Finance Manager
Centurion

Summary

A CIMA qualified Accountant and have a B Com Hon in Accounting Degree. A professional who has worked in global companies and can communicate with both senior and lower-level employees. Exposure to multicultural teams has provided the self-awareness needed to collaborate with teams whilst remaining unassuming and measured with all stakeholders. As a management accountant I am passionate about the commercial model of companies and lead indicators to performance to ensure organizations can achieve their objectives. Having worked for more than 14 years, the business acumen acquired from several industries (Construction Insurance, Oil and gas, Pharmaceutical and Media – SaaS Company) enables me to use transferable skills to meet most of the challenges. Forward-thinking team leader skilled at operating departments efficiently and preempting risks to meet organizational goals.

Overview

17
17
years of professional experience
4
4
years of post-secondary education

Work History

Finance Manager Africa and APAC

Telmar
Woodmead
04.2020 - Current
  • Deliver on the core objective of building a sustainable and scalable finance function. Core to this objective is striking the appropriate balance between control of the business's financial resources and the need to derive business insights to enable decision-makers to take appropriate and timeous actions.
  • Responsible for managing day to day financial operations of the company – managing company cash flows.
  • Drive revenue stream development through strategic collaboration and partnerships with the Commercial director and the client success team
  • Maintaining the contract reports tracking Annual Recurring Revenue and producing insightful dash boards to enable management to keep track of the various metrics.
  • Working with various stakeholders-banks, external auditors and regulators including Revenue Authorities to ensure the company is in compliance at all times.
  • Monthly and yearly period close and reporting to Corporate the financial performance South Africa.

Finance Manager - Sub Sahara Africa

IQVIA
Centurion
01.2019 - 03.2020
  • Deliver specific complex accounting tasks to ensure timely and accurate accounting in accordance with Quintiles Finance Policy and Apply IFRS15 to Revenue from Contracts.
  • Standard Operating Procedures (SOPs), US Generally Accepted Accounting Principles (US GAAP), Sarbanes Oxley rules as well as local GAAP and tax rules.
  • Prepare management accounts, Review performance with Corporate in UK
  • Managing various stakeholders Banks, Tax authorities, External and Internal Auditors.
  • Supervise month end closes and corporate reconciliation schedules; prepare / supervise any tax calculations declarations and annual statutory accounts.
  • Establish reasonable internal controls and maintain adequate and current documentation of the systems of internal control.
  • Motivate, coach and lead a team of accountants.
  • Review the financial systems, processes and procedures on an ongoing basis for further development of efficiencies.
  • Yearly budgets and monthly rolling forecasts- GAP analysis.
  • Sign off monthly payroll, EMP201, VAT and Provisional Tax. submission.

Finance Manager

Liberty Africa Insurance
Braamfontein, Johannesburg
02.2018 - 12.2019
  • Monthly Flash Reporting- consolidating flash for Africa.
  • SAP TB checks and Balance sheet Reconciliations.
  • Budgets for Head office.
  • Monthly Variance analysis for Head office cost centers.
  • Transfer Pricing and Invoicing of all shared services to in country monthly.
  • Intercompany for Group vs Head office, Head Office vs In-country.
  • Calculation of claims Ratio and reporting to Group.
  • Bonuses and Incentives provision and Capex reporting.

Project Accountant

Wood.
Randburg
05.2013 - 06.2017
  • Project Accounting Functions using Time web, Ariba, Gateway, Oracle and Discoverer Reports.
  • Responsible for ensuring all project accounting transactions are recorded accurately and timely.
  • Review Income statement and make necessary accruals.
  • Billing clients timely and accurately with all supporting documents.
  • Overhead analysis, allocation and apportionment between divisions according to cost sharing agreement.
  • Provide costing reports on projects and Variance analysis.
  • Process taxes for Angola local and expat payrolls, Withholding tax, Stamp Tax and Real Estate taxes for Angola
  • OP (Projects) to GL reconciliations to ensure integration to GL is accurate
  • Assist Commercial team in tender (bid) preparation with financial information
  • Accounts Receivable and Unbilled Revenue Analysis (Hyperion)
  • SG&A Reports- (General Overhead Reports) Hyperion
  • MR2 Profit and Working Capital Reviews (Hyperion)
  • Preparation of annual budget, periodic re-forecasts and monthly rolling forecasts in accordance with Group reporting timetable and divisional requirements.

Finance Manager

EcoAfrica Environmental Consultancy
Pretoria
05.2010 - 04.2013
  • Preparation of monthly management accounts with variance analysis.
  • Preparation of annual budgets and consolidations of group budgets for presentation to management and analyzing capital budgets.
  • Submitting of all relevant statutory returns i.e VAT, PAYE, UIF and SDL)
  • Management of various electronic banking systems (BEST and Net plus)

Project Accountant

EH Hassim Group of Companies
Mokopane
01.2009 - 05.2010

Accountant

Anchor Yeast
Harare
08.2006 - 12.2008

Education

Bachelor of Science - Accounting

National University of Science And Technology
Bulawayo, Zimbabwe
08.2004 - 11.2008

No Degree - ACMA CGMA

CIMA
London, UK
04.2001 -

Skills

Skilled in Oracle, People Soft, NetSuite

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Accomplishments

  • Change billing system from Actual payroll cost to Bill Rate Based, to ensure transparency to customers and speed up cash collection.
  • Manage and control costs in downturn times without affecting quality -Slashed 20% of cost input prices while ensuring the continuation and enhancements of services.”
  • Setting up a finance department and streamlining processes within an SME – merged the finance and human resource into one unit and automation of back-office functions thus dramatically reducing overhead costs 15%.

Timeline

Finance Manager Africa and APAC

Telmar
04.2020 - Current

Finance Manager - Sub Sahara Africa

IQVIA
01.2019 - 03.2020

Finance Manager

Liberty Africa Insurance
02.2018 - 12.2019

Project Accountant

Wood.
05.2013 - 06.2017

Finance Manager

EcoAfrica Environmental Consultancy
05.2010 - 04.2013

Project Accountant

EH Hassim Group of Companies
01.2009 - 05.2010

Accountant

Anchor Yeast
08.2006 - 12.2008

Bachelor of Science - Accounting

National University of Science And Technology
08.2004 - 11.2008

No Degree - ACMA CGMA

CIMA
04.2001 -
David MachimbidzofaFinance Manager