Elvis Sibusiso Nsuntsha
Senior Financial Accountant | Strategic Process Leader
Blue Hills,GP
Summary
Dynamic Finance Executive and Strategic Process Leader with extensive experience at Public Investment Corporation, excelling in strategic development, business process reengineering and cross-functional collaboration. Proven track record in enhancing financial reporting accuracy and implementing Enterprise Resource Planning (ERP) and Investment systems, while fostering team collaboration and driving cost-saving initiatives. Adept at strategic leadership, business process improvements, financial reporting, forecasting & budgeting and committed to maintaining compliance with laws and regulations.
Overview
19
19
years of professional experience
8
8
years of post-secondary education
Work History
Senior Financial Accountant
Public Investment Corporation
04.2024 - Current
- Contributed to the successful implementation of a new ERP system (D365 F&O with SCM), leading to improved data accuracy and streamlined reporting capabilities.
- Provided senior management with strategic financial insights for informed decision making.
- Managed budgeting process, ensuring accurate forecasting and timely adjustments to meet business needs.
- Collaborated with cross-functional teams to align financial goals with overall company objectives.
- Strengthened communication between finance department and other business units, fostering an environment of collaboration across the organization.
- Reduced overhead costs by identifying inefficiencies and implementing cost-saving measures.
- Collaborated with C-level executives and stakeholders to develop long-term financial plans.
- Created financial dashboards to provide insights into key performance indicators.
- Managing teams and mentoring staff and interns.
Acting Head of Finance
Public Investment Corporation
01.2021 - 03.2024
- Chaired Finance and Valuation Committees for an estimated R3,5 trillions portfolio.
- Provide strategic support for overall company strategy and developing the financial strategy and roadmap in conjunction with CFO, CEO, Board sub-committees and Board.
- Performed Financial risk management and provisioning of adequate, efficient, and effective system of financial controls, budget, policies, processes and internal controls systems as prescribed by the PFMA, Treasury Regulations and relevant prescripts.
- Strategic leadership, support and guidance regarding all finance and finance related functions to the organization and Board according to Public Finance Management Act (PFMA), other relevant regulations and policies.
- Coordination of financial activities across the Operations.
- Developed an SCM strategy to assist the company in sourcing services.
Senior Financial Accountant
Public Investment Corporation
06.2011 - 01.2021
- Ensure complete and proper accounts and records.
- Coordinated day-to-day financial procedures for 22 departments and trained new staff on financial procedures.
- Generated financial statements, as well as both interim and annual reports for the organization.
- Advised executives on most effective financial systems to increase company efficiencies and effectiveness.
- Optimized working capital management practices, resulting in better cash flow management overall.
- Improved financial reporting accuracy by streamlining the month-end closing process and implementing new accounting procedures.
- Provided guidance to creditors clerks and junior accountants, fostering professional development through continuous feedback and training opportunities.
- Collaborated with cross-functional teams to develop annual budgets, ensuring alignment with company objectives and resources.
- Conducted thorough variance analyses between actual results and budget forecasts to identify areas requiring corrective action or strategic adjustment.
- Assisted with successful external audits by providing comprehensive documentation and addressing inquiries in a timely manner.
- Reduced errors in financial statements by thoroughly reviewing and reconciling general ledger accounts on a monthly basis.
- Supported management decision-making with relevant financial data analysis, preparing detailed reports for review.
- Analyzed and prepared annual budgets to contain costs, minimize losses and assure compliance with internal controls.
- Contributed to financial and operational risk reduction by evaluating effectiveness of controls and subsystems.
- Mitigated impacts on financial accounting and business operations by working proactively to identify and resolve strategic concerns.
- Contributed to the successful implementation of both Greenfields and Microsoft Dynamics, leading to improved data accuracy and streamlined reporting capabilities.
- Delivered exceptional project management and addressed complex business strategy for senior leadership.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings.
Senior External Auditor
Nkonki Inc
01.2007 - 02.2011
- Performed thorough risk assessments to identify areas of focus during each audit engagement, prioritizing resources effectively.
- Worked closely with clients'' internal audit teams to ensure a seamless transition from internal control reviews to external examinations.
- Contributed to the ongoing development and refinement of the firm''s audit methodologies, ensuring alignment with evolving regulatory requirements and industry best practices.
- Maintained up-to-date knowledge of relevant accounting principles, ensuring accurate application throughout all audits conducted.
- Managed audit for high-profile client's in different industry from telecommunication, short-term insurance, mining, investment and asset managers.
Education
Career Boost With Power BI - Power BI
Exodus
Johannesburg, South Africa 11.2024 - 03.2025
Data AI - Business Analytics With Power BI - Data Artificial Intelligence
Microsoft
Johannesburg, South Africa 03.2023 - 08.2023
Power BI Reporting - Business Intelligence
Educatio
Australia 11.2019 - 04.2020
Data Analysis - Data Analytics
University of Cape Town
Cape Town 05.2017 - 01.2018
Advance Diploma in Accounting Science - Accounting
UNISA
Pretoria 03.2015 - 01.2016
Higher Diploma in Taxation Law - Taxation
University of Johannesburg
Johannesburg 02.2014 - 02.2015
Bachelor of Science - Accounting
UNISA
Pretoria 03.2004 - 03.2008
Timeline
Career Boost With Power BI - Power BI
Exodus
11.2024 - 03.2025
Senior Financial Accountant
Public Investment Corporation
04.2024 - Current
Data AI - Business Analytics With Power BI - Data Artificial Intelligence
Microsoft
03.2023 - 08.2023
Acting Head of Finance
Public Investment Corporation
01.2021 - 03.2024
Power BI Reporting - Business Intelligence
Educatio
11.2019 - 04.2020
Data Analysis - Data Analytics
University of Cape Town
05.2017 - 01.2018
Advance Diploma in Accounting Science - Accounting
UNISA
03.2015 - 01.2016
Higher Diploma in Taxation Law - Taxation
University of Johannesburg
02.2014 - 02.2015
Senior Financial Accountant
Public Investment Corporation
06.2011 - 01.2021
Senior External Auditor
Nkonki Inc
01.2007 - 02.2011
Bachelor of Science - Accounting
UNISA
03.2004 - 03.2008
Skills
- Strategic Leadership
Accomplishments
- Completed Microsoft Dynamics D365 (F&O) with Supply Chain Management implementation within 3 months, replacing Great Plain (GP) and Greenfields (Procurement System).
- Spearheads implementation of Unlisted Investment System for the Public Investment Corporation that specifically deal with Collateral Management of all debts instruments (CMS).
- Successful implementation of Forecasting and Budgeting tool (IDU Budgeting Tool).
- Successful implementation of the Financial Reporting Software for the preparation of Annual Financial Statements (Draftworx).
- Successful implementation of Microsoft Dynamics (Great Plain) for both the Public Investment Corporation and PIC Property Division from Pastel Evolution and ACCPAC respectively in 2012 and 2013, including Greenfield.
Additional Information
- PHASE II - Microsoft Dynamics (D365 F&O):
- SARS VAT and Income Tax Return Automation.
- Payroll Processing & Payment Automation.
- Conversion of Exchange Rate for Foreign Suppliers Settlement Automation.
- Travel Processing Enhancement.
- Bank Reconciliation Automation.
- PHASE II - Microsoft Dynamics (D365 Supply Chain Management):
- Customization of Purchase Agreement & Contract Management.
- Customization of RFP & RFQ Processes.
- Enhance Vendor Portal.
- PHASE II - Microsoft Dynamics (D365 F&O with Supply Chain Management):
- Customization of Reports.
Affiliations
- Available on Request