Dionysus Malgas
Johannesburg
Summary
Junior Financial Manager with expertise in financial control and data analytics at Sasfin Bank. Proven ability to drive process enhancements and deliver insightful financial reports. Strong problem-solving skills and consumer-centric approach contribute to business growth and operational efficiency.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Junior Financial Manager - Banking Operations
Sasfin Bank
Sandton
11.2023 - Current
- Facilitate financial transactions while maintaining strict financial control.
- Compiling insights and analyzing financial reports.
- Comprehensive reconciliation of bank and client accounts.
- Facilitated financial business partnerships for Forex and Transactional banking divisions.
- Ensured precise execution of financial transactions.
- Lead value-add projects and implement system/process enhancements.
- Deliver commercial input for business cases
- Streamline efficiencies in existing processes and systems
- Review monthly system accounting entries to ensure accurate connection between line of business and GL.
- Monthly Earnings attributed to Business Introducers
- Perform manual month-end entries to ensure accuracy in reporting.
- Conduct daily preparation and review of balance sheet reconciliations
- Oversee suspense accounts and address unreconciled bank account exceptions.
- Address Business, Regulatory, and Group inquiries
- Daily Profit and Loss summaries for review and analyzed to drive business growth
Forex/Reconciliation Accountant
Sasfin Bank
Sandton
05.2022 - 10.2023
- The main purpose of the role was to assist BCB with investigating the legacy items on the Corporate Plus, Euro and USD bank recons as well as identify action required to clear these items.
- Nostro Bank Reconciliation (Legacy items March 2019 to February 2022)
- Inbound Reconciliation
- Forex Client Reconciliations
- Reassigning of SDI for rollover trades sitting on the incorrect GL account
- Investigation and clearing of transfers in BO_Collate and other Customer Transfer queues
- Ad Hoc functions
Accountant Hard Products – Vehicle Inventory
UD Trucks South Africa
Rosslyn
06.2021 - 08.2021
- Ensure proper reconciliation of all inventories.
- Responsible for the effective and efficient valuation of stock by maintaining and updating, evaluating records.
- Propose and implement corrections, investigate system errors.
- Responsible to ensure the effective and efficient control and accounting of stock by ensuring that stock taking takes place as per company policy.
- Identify and report on variances and implement corrective measures.
- Responsible to ensure that all stock movements are accurate and duly authorized in respect of company policy and procedure.
- To accurately prepare and interpret monthly reports on inventory for Management.
- Responsible for all the interphase between sub ledger and general ledger related to Vehicle inventory.
Asset Manager
ContinuitySA
Waterfall
11.2019 - 05.2020
- Manage, monitor, and maintain the accuracy of all asset registers within SAP (Smart Assets module), from acquisition through to disposal of the assets, including the transfer of assets to/from the various sites.
- Ensure the accuracy of the financial information relating to assets: reconciliation of PPE accounts and unallocated PPE account, run monthly depreciation, providing explanations for month-on-month variances, and calculate monthly wear and tear.
- Compile monthly financial reports for assets, in accordance with the timetable and deadlines communicated by finance.
- Collaboratively work with the financial accountant at month end, ensuring that all reports are accurate and ready for submission.
- Manage and monitor the capex process, ensuring that the process is followed and adhered to by all parties involved.
- Chair the weekly capex meetings and ensure that the capex schedule is kept up to date and that capex meeting minutes are distributed timeously post each meeting.
- Conduct bi-annual asset audits (physical and financial certification) at each site in South Africa, Mozambique, and Botswana, ensuring that the audit is performed within budget and time allocations.
- Manage and maintain all asset audit reports, ensuring that all the relevant parties are involved and updated with the post audit results.
- Responsible for the annual external audit specific to assets - manage the process with external auditors covering financial and physical verification of the assets.
- Maintain and update the policies and standard operating procedures for the asset management function and ensure that the asset management procedures are adhered to by all staff within the company.
Accountant
Motus Aftermarket Parts
Linbro Park
08.2018 - 09.2019
- Conduct Day and Month end Procedures
- Supervise the Processing department
- Documents are processed with minimum errors and timeously.
- Invoices adhere to SARS requirements.
- Statements and invoices are sent out timeously.
- Responsible for Direct Billing and Whole Sales Distributors
- Ensure sales are received on time.
- Ensure schedules are updated on Excel.
- Enter Sales ELCB (internal accounting system)
- Invoice Suppliers as per transaction
- Send Invoices and Statements to suppliers timeously
- Debt collection
- Allocate payments
- Maintain a clean supplier Debtor’s Age Analysis
- Liaise with suppliers on outstanding queries.
- Prepare Reconciliations
- Balance sheet recons and month-end schedules (expense recons)
- Prepare and reconcile bank statement to the general ledger
- Recon to be completed weekly and reconcile items actioned.
Accountant
Deutz Dieselpower
Elandsfontein
10.2016 - 05.2018
- Annual Financial Statements (Drafting as well as Casting of financial statements)
- Withholding tax submission for our Zambian
- Vat Submission on SARS efiling for our two SA companies, a Joint Venture as well as foreign vat submission for our Zambian branch on the ZRA portal
- Monthly Vat reconciliation – Reconcile output vat to general ledger sales and other income as well as input vat to general ledger cost of sales and expenses
- Annual IT14SD recon for VAT, PAYE, and Customs
- Calculation of Fixed Assets replacement cost for annual insurance renewal
- Quarterly Financial Statistics reports for STATS SA
- Journal Processing – calculation as well as posting of journals
- Review and authorization of purchase orders
- Review of Creditors Reconciling as well as authorization of payments
- Foreign creditor’s payments for our two South African based companies– preparation of instruction letters for bank as well as ensuring bank payment forms are completed correctly before it is sent to the bank for processing.
- Foreign creditors’ payment for our Zambian branch – preparation of bank payment forms as well as ensuring that the forms are sent to the bank in Zambia for processing.
- General Ledger Reconciliation
- Salary Cashbook processing as well as monthly VIP journal uploads to general ledger
- Bank Reconciliation for salary bank account
- Stock Provisions – WIP, Stock Revaluation and Obsolete Stock
- Monthly Management Stock Report
- Monthly BEE Report - Procurement
- Stock Take – Planning, Preparation and Control
- Monthly update of foreign exchange rates for cash book and debtors’ revaluation
- Monthly update of charges for field service (diesel rate)
- Inter branch WIP reconciliation
- Authorization of payments on FNB online banking for local and foreign payments
- Review of terms and conditions for new suppliers
- Assisting with annual year end packs.
- Internal auditing (One at branch level as well as two annual audits on the Human Resources department)
- Ad Hoc
Accountant
Neovia Logistics
Isando
11.2015 - 10.2016
- Annual Financial Statements
- Vat Submission
- Tax Submission
- Bank Reconciliation
- Month End Processing
- Creditors Reconciling and Payment
- General Ledger Reconciliation
- Ad Hoc
Accounts Payable Manager
JD GROUP
Braamfontein
02.2015 - 06.2015
- Accounts Payable - Review of foreign creditor’s reconciliations as well as resolving of all issues on creditors accounts.
- Loading payment on FNB online banking
- Company credit cards (full function)
- Reconciling of goods receipts vouchers to goods invoiced
Stock Control/Accountant
Afgri
Pretoria
12.2011 - 08.2014
- Ensuring accuracy and completeness of stock levels in silo’s (internal and external):
- Ad hoc responsibilities:
- Ensuring “old” (manual) system is managed out:
- Ensuring accuracy of monthly silo cost invoices:
- Ensuring accuracy of stock in transit:
- Ensuring all system interfaces work:
- Managing of Structured Trade’s age analysis:
- Reconciling of non-AFGRI silo stock to theoretical stock on SAP:
Trainee Accountant (SAIPA)
Landman van Rensburg Accountants
Port Elizabeth
07.2008 - 11.2011
- Reporting to the Partners.
- Processing of payments & receipts cash books in Pastel:
- Debtors and Creditors – Full Function:
- Maintaining Asset Register: Additions and Disposals:
- Preparing and handling SARS Vat Audit:
- Preparing Financial Statements/Management Accounts of various clients:
- Preparing of Working Paper file
- Preparing Sales Invoices:
- Processing of Journals (General, Sales and Purchases):
- Reconciling Inter-Company Loan Accounts:
- Stock Counting at year-end:
- Submission of statutory returns:
- Submitting Annual / Provisional Tax of Clientele:
- Tax Clearance application at SARS (manually and online):
- Major Projects
- Responsible for the full accounting function of allocated clientele.
Trainee Accountant
TL Strydom & Associates
Port Elizabeth
06.2007 - 07.2008
- Reporting to the Accountant.
- General accounting functions, such as bookkeeping.
- Submitting all statutory returns to SARS.
- Drafting annual financial statements.
Education
Bachelor of Commerce -
University of Port Elizabeth
01.2006
Skills
- Accounting principles
- Business acumen
- Application proficiency
- Data analytics
- Detail-oriented
- Clear communication
- Problem-solving ability
- Analytical thinking
- Effective prioritization
- Consumer-centric mindset
Certification
South African Institute of Professional Accountants (SAIPA)
Languages
- English
- Afrikaans
References
References available upon request.
Timeline
Junior Financial Manager - Banking Operations
Sasfin Bank
11.2023 - Current
Forex/Reconciliation Accountant
Sasfin Bank
05.2022 - 10.2023
Accountant Hard Products – Vehicle Inventory
UD Trucks South Africa
06.2021 - 08.2021
Asset Manager
ContinuitySA
11.2019 - 05.2020
Accountant
Motus Aftermarket Parts
08.2018 - 09.2019
Accountant
Deutz Dieselpower
10.2016 - 05.2018
Accountant
Neovia Logistics
11.2015 - 10.2016
Accounts Payable Manager
JD GROUP
02.2015 - 06.2015
Stock Control/Accountant
Afgri
12.2011 - 08.2014
Trainee Accountant (SAIPA)
Landman van Rensburg Accountants
07.2008 - 11.2011
Trainee Accountant
TL Strydom & Associates
06.2007 - 07.2008
Bachelor of Commerce -
University of Port Elizabeth