Evans Mushonga
Group Finance And Risk Manager
Midstream, Centurion
Summary
Experienced professional in Accounting & External Reporting and Auditing & Assurance. Associate General Accountant (AGA-SA) member of the South African Institute of Chartered Accountants (SAICA) with completed Articles and holder of a Bachelors' Degree in Accounting Science (BCompt) University of South Africa with majors in auditing, tax, management and financial accounting. Skilled professional in Auditing & Assurance as well as Accounting & External Reporting with residual skills in Tax, Financial management, Risk management & Governance and Management decision making & control. Trained in pervasive professional skills, including business ethics, management & leadership, personal attributes and information technology, all traceable & verifiable through SAICA membership.
Overview
12
12
years of professional experience
5
5
years of post-secondary education
2
2
Certifications
Work History
Group Finance and Risk Manager
Rawlins Wales (Pty) Ltd
Sandton
03.2022 - Current
- Assumed ownership and management of finance function of group and its accounting and payroll operations
- Continually compile analytical review of financial information for reporting and advisory to board
- Implemented and developed policies for compliance with tax and relevant regulatory bodies
- Responsible for consolidation of financial results and presentation of periodic report packs to board for decision making
- Developed financial dashboards for consolidated overview of group treasury function, performance analysis and budgetary information
- Recommended and implemented dividend policies including review of company valuation methodology for group
- Continually review and assess related risks and develop mitigants.
Senior Financial Accountant
FZ & Associates (Pty) Ltd
Sandton
05.2018 - 02.2022
- Financial accounting consulting for portfolio of clients and relationship management
- Business acumen for client business analysis, insights, reporting and advisory
- Analyze financial data derived from multiple reporting systems to develop recommendations for operational and performance improvements
- Manage complex finance projects under direction of senior management to meet deadlines and budget limitations
- Analyse finances to create detailed forecasting reports using sage business intelligence software
- Preparation and presentation of group financial statements and management accounts in caseware working papers and sage one cloud accounting
- Performance of audit engagements, lead audit readiness engagements as well as agreed upon specialised engagements
- Processing of accounting information in sage pastel and sage one cloud accounting for entities in group entity structure
- Payroll cycle administration in sage VIP payroll and cloud VIP payroll online for up to 50 employees
- Payroll processing and filing of EMP201 returns and EMP501 reconciliation on SARS efiling
- VAT processing and filing of VAT201 returns on SARS efiling
- Preparation of financial statements and filing of Income tax and provisional tax returns on SARS efiling
- Cash flow management function and processing including bank, cash on hand and forecast projections
- Formulation of annual budgets and analysis of variances
- Accounts payable management including processing of invoices, initiation and actioning of payments and reconciliation of supplier accounts
- Management of accounts receivable including distribution of statements, collections, processing remittances and customer reconciliation.
- Completed day-to-day financial transactions, including handling 50 employee payroll
- Prepared complex financial statements and interim and annual reports for retail and service businesses
- Increased efficiency and alleviated work loads by creating new Excel-based financial recording system., :
- Processed and generated monthly management accounts reports for decision making which initiated process of cost saving and efficiencies in finance system of organisation
- Identified existing opportunities for revenue generation and created new opportunities for business in and out of portfolio of clients by business analysis, consultations and advisory skills
- Achieved tax savings for portfolio of clients by identifying opportunities in legislation that enabled savings as well as expertly optimising reporting to take advantage of tax opportunities available
- Consistently provide expert consultation and advisory business and payroll related service to management and staff to optimise benefits in line with legislation and objective of organisation.
Audit Supervisor
Stewart & Company Chartered Accountants Inc
Randburg
05.2017 - 04.2018
- Oversee audit staff during audits and control consulting engagements
- Oversee audit planning, field work, and audit reporting; preparing reports, and communicating findings and recommendations audit manager
- Review automated audit work papers prepared by audit staff to ensure sound audit theory and compliance with department's methodology
- Responsible for daily supervision of audit staff and responsible for training and development of audit staff and completion of performance evaluations
- Ensures that reviews are completed in compliance with South African Institute of Chartered Accountants requirements
- Interpretation and analysis of business financial performance and reporting dashboards on actual performance and insight into expected future performance based on applicable trends
- Analysis and coordination of several performance indicators for decision making purposes including advanced use of Audit Command Language to gather, process, analyse and interpret data relating to business units for risk management and providing indicators of control weaknesses
- Trained new audit personnel to perform duties according to regulations and established procedures
- Reviewed audited financial, operational and regulatory compliance deficiencies and conducted follow-ups
- Coordinated with auditors for preliminary and year-end auditing activities
- Prepared working papers, reports and supporting documentation for audit findings
- Facilitated financial and operational audits, working with internal and external managers to communicate recommendations or issues surrounding audits
- Oversaw audits completed by trainee staff through expert guidance and mentoring
- Coordinated R150,000.00 worth of successful audits over each month., :
- Obtained target based performance bonus monthly
- Successfully trained team of junior clerks and improved their performance to meet objectives
Audit Senior
Stewart & Company Chartered Accountants Inc
Randburg
05.2013 - 05.2017
- Elective skills in Auditing and Assurance and Accounting and External Reporting as compulsory skills including pervasive professional skills in business ethics, management and leadership, personal attributes and information technology over 4 years training
- Residual skills in Financial Management, Management decision making and Control, Risk management and governance and Taxation over 4 years training
- Identified management control weaknesses and provided value added suggestions for remediation
- Identified audit risks, prepared budgets and coordinated with management and audit team in preparing related reports
- Facilitated financial and operational audits, working with internal and external managers to communicate recommendations or issues surrounding audits
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement
- Managed and archived quality documentation and participated in internal and external quality audits.
Accounts Administrator Officer
Phakela Business Enterprise
Lyndhurst
09.2010 - 06.2013
- Key result areas:
- Multi Company Invoicing _ Compilation of invoices for various government departments in Pastel Express Version 11 Single User Multi Company
- Requisition for quotes _ price and quality search, mark - up pricing, completion of database forms
- Order processing _ price requisition, supplier database, order placement, confirmation and follow up to delivery
- Database management _ completion of tender documents, quotations, compilation of documents
- Bookkeeping _ Creditors, Debtors, Statements, Reconciliation
- Administration _ e-mail, telephone reception, client services, Fax
- Maintained customer data confidentiality while inputting information into system using pastel software
- Planned and executed state uniforms project which met 90% of set objective.
Reconciliations/Account Maintenance Clerk
Kingdom Financial Holdings Ltd
Harare
06.2008 - 12.2008
- Reconciliation and analysis of ATM and Zimswitch accounts
- Reconciliation and analysis of Merchant suspense accounts
- Calculation and analysis of merchant daily transactions
- Crediting merchant account with daily takings and performing daily reconciliation of point of sale activities
- Analysis and resolution of merchant and clients' queries
- Evaluation and reporting
- Obtained 95% scoring in final performance review.
Education
BCompt - Accounting Science
University of South Africa
Pretoria, GP 01.2011 - 01.2015
High School Diploma -
Churchill Boys School
Harare 01.2006 - 01.2007
Skills
Management decision making; budgets and forecasts; variance analysis; insights and reportingundefined
Accomplishments
- Performance of pre-engagement activities by obtaining understanding of engagement entity and its environment including internal control
- Evaluation of risk of material misstatement including audit risk and business risk and computation of justifiable planning materiality
- Design of effective and efficient procedures including execution and documentation of audit plan
- Completion of engagements including meetings with stakeholders
- Financial Management
- Evaluation of entity financial information and Cash flow monitoring
- Evaluation of working capital and Capital investment decisions
- Facilitation of mergers and acquisitions
- Management Decision Making
- Evaluation of entity's key performance indicators
- Preparation of budgets and performance of sensitivity analyses including interpretation of budget variances
- Analysis of business data needs through automated repeatable processes and mathematical modelling to assist business in making decisions
- Ensuring data accuracy and consistent reporting as well as preparation of transparent standard reports
- Identification and pursuit of opportunities for synergy from aligning and improving reporting and analytics technologies, tools and platforms
- Review of entity specific organisational and service level agreement targets and publishing of regular reports on service performance and achievement to management
- Taxation
- Computation and evaluation of income tax returns for legal entities
- Computation and evaluation of Value Added Tax, Payroll employee tax and Provisional taxes
- Risk Management and Governance
- Identification and evaluation of risk pertaining to financial information system
- Evaluation of key internal controls, including IT controls, implemented
- Governance reviews in line with legislation.
Certification
Associate General Accountant (AGA.SA) SAICA License No. 20038222
Timeline
Group Finance and Risk Manager
Rawlins Wales (Pty) Ltd
03.2022 - Current
Senior Financial Accountant
FZ & Associates (Pty) Ltd
05.2018 - 02.2022
Audit Supervisor
Stewart & Company Chartered Accountants Inc
05.2017 - 04.2018
Audit Senior
Stewart & Company Chartered Accountants Inc
05.2013 - 05.2017
BCompt - Accounting Science
University of South Africa
01.2011 - 01.2015
Accounts Administrator Officer
Phakela Business Enterprise
09.2010 - 06.2013
Reconciliations/Account Maintenance Clerk
Kingdom Financial Holdings Ltd
06.2008 - 12.2008
High School Diploma -
Churchill Boys School
01.2006 - 01.2007
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