Jonnathan Esau Daka
Head: Management Accountant
Johannesburg
Summary
Detail-oriented Accountant with 17 years effectively maintaining accurate accounting information for large-scale financial organizations. History working as part of financial team to manage diverse financial functions, tax management and reporting. Works closely with executive management on complex mergers and acquisitions and divestitures. Resourceful Accounting professional with 16 years of experience in audit preparation and reporting. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals. Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy. Adept at managing budgets, payroll, invoicing and general accounting functions. Instrumental in keeping business operations fully compliant and working within budgetary guidelines.
Overview
21
21
years of professional experience
5
5
years of post-secondary education
4
4
Languages
Work History
Group Management Accountant
SENTECH SOE
Johannesburg
10.2008 - Current
- Reporting and Budgeting)
- Month-end procedures, check the correctness of entries
- General ledger account and cost centre
- Prepare and pass adjustment journals to correct mis-posting and errors Prepayments and provisions analysis and unwinding thereof.
- Monthly Management Reporting, Month, Quarterly &YTD and forecasts (GAAP, IFRS)
- And financial management reporting functions and ensures financial discipline and control
- Analysing over and under expenditure of expenses and advice divisional managers on possible over / under-spending on a monthly basis
- Preparation and managing the budgeting process (recommendation, advice, input and processing)
- Capture departmental budget on accounting system (SAP/FI-CO)
- Analyse revenue and expenditure trends and recommend appropriate budget levels and ensure expenditure control
- Identify cost savings, implement actions, adjust budgets and track savings
- Engagement with line managers to improve Finance understanding of the business, including cost and value drivers
- Disclosure notes on the annual financial statements
- Input on the preparation of the annual financial statement
- National Treasury pack preparation and input
- Cash flow forecasting & working capital management Mobilization of short-term funds and deployment of surplus
- Department of Communications, STATSA & RBZ returns and projections
- Prepare and submit on an annual basis Estimates of National Expenditure (ENE), Medium Term Expenditure Framework (MTEF), and Adjustment Estimates (AE) as required by the Public Finance Management Act (PFMA), (GAAP)and (IFRS)
- Provide strategic and operational inputs into financial matters and ensure that all reports and other information are submitted to Executing Authority, the National Treasury or the Auditor-General as required by the Public Finance Management Act (PFMA)
- Liaising with external auditors' queries and clarifications and schedules
- Checking and releasing of internet payments (bank signatory)
- Member of the board of trustees for the Sentech Ltd pension and provident fund
- (Fund investment, annual financial statements, resolutions, guidelines and rules)
- Tender bid adjudication committee member (tender evaluation and recommendation)
- Assist in implementing financial and management accounting controls and principles General ledger master data management (SAP system)
- Assist in implementing and monitoring compliance with company and group policies and procedures Member of the Tender Committee, (BSEC) executing the bidding and evaluation process (including preparation of documents for the meeting, preparing submission for approval etc.)
- Liaise with the National Treasury team regarding the grant funding allocated to various projects
- Reason
Management Accountant
Alexander Forbes Insurance
01.2006 - 12.2007
- Controlling of bank accounts
- Controlling income and expenditure
- Month-end procedures
- Checking of Bank and balance sheet recons
- Management reporting, divisional P&L
- Ad-hoc reports
- Setting up annual budgets
- Preparation of Quarterly forecasts
- Supervise workflow and timely achievement of Financial deadlines staff supervision - four members of staff
- Assist with Annual Budgets and capture of corporate budget tool and budgets into accounting system;
- Overseeing accounts dept function
- Authorize all creditors and expense claims payments
- Reason for leaving: Relocated to Johannesburg
- Performed financial administration for over two company accounts
- Performed financial administration for over 2 company accounts
- Performed financial administration for over 2 company accounts
Management Accountant
Telesure Insurance Investments, Auto
01.2007 - 08.2007
- Controlling of bank accounts
- Controlling income and expenditure
- Month-end procedures
- Checking of Bank and balance sheet recons
- Management reporting, divisional P&L
- Ad-hoc reports
- Setting up annual budgets
- Preparation of Quarterly forecasts
- Supervise workflow and timely achievement of Financial deadlines staff supervision - four members of staff
- Assist with Annual Budgets and capture of the corporate budget tool and budgets into accounting system;
- Overseeing the accounts dept function
- Authorize all creditors and expense claims payments Liaising with External auditors and prepare Audit file
- Development and implement and control internal systems and training
- Assets register and depreciation, acquisitions, retirements, disposals
- Reconcile creditors and debtors control accounts
- Inter-company reconciliation
- Analysis of income statement per cost centre/profit centre
- Reconciliation of Income and Balance sheet accounts
- Monthly reporting and variance analysis
- Performed financial administration for over 2 company accounts
- Performed financial administration for over 2 company accounts
Financial Accountant
KONICA MINOLTA Pty Ltd
06.2003 - 12.2005
- General accounting, costing and/or budget data
- Payments of all Foreign Suppliers;
- Maintain Fixed Asset registers;
- Assist with Annual Budgets and capture of the corporate budget tool and budgets into accounting system;
- Examines, analyzes and interprets accounting records for management;
- Raising monthly provisions and accruals;
- Calculation of Debtors Days;
- Reallocation of Salary journal and Leave Pay;
- Assist with debt collection where required;
- Maintenance of accounting system, updating of Master files (SAP)
- Monitoring net cash positions of bank accounts and transferring funds as per Company requirements;
- Control of Petty Cash;
- Maintains internal controls;
- Supervisory authority over daily functions of: Debtors Clerk, Creditors Clerk, and Bookkeeper
- Reviewing and signing-off of all monthly creditors reconciliations and payment requisitions;
- Reviewing of monthly General Ledger reconciliations; Performance Management; Implementation of procedures; financial reporting; Monthly VAT recon;
- Expense and cost analysis of cost centres
- Month-end/Year-end closing procedures
- Consolidate branch accounts
- Liaising with External auditors and prepare Audit file
- Development and implement and control internal systems and training
- Assets register and depreciation, acquisitions, retirements, disposals
- Reconcile creditors and debtors control accounts
- Inter-company reconciliation
- Analysis of income statement per cost centre/profit centre
- Reconciliation of Income and Balance sheet accounts
- Monthly reporting and variance analysis
- Controlled company expenses with skilled financial forecasting of budget metrics
- Controlled company expenses with skilled financial forecasting of budgt metrics
- Investigated daily variances and corrected errors to resolve discrepancies
Bookkeeper
Glencarol Industries
Pretoria North
12.2000 - 06.2001
- Stock count and reconciliation
- Internet banking- creditors payments
- Activity based costing (ABC) on some products
- Cost analysis and profitability of cost centres
- Debtors control account reconciliation
- Creditors control account reconciliation
- General Ledger account reconciliation
- Statutory returns (Pension fund, UIF, Insurance
- Staff supervision (five staff members)
- Check creditors reconciliation
- Adjustment journals
- Loan account reconciliation
- Audit schedules
- Variance analysis of income statement
Education
Master of Science - Risk Management
Management College of South Africa
Durban 06.2015 - Nov 2017
Professional Membership: Certified Financial Officer (SA) SAIBA -
SAIBA (South Africa Institute of Business Accountants), CIMA
Johannesburg 10.2017 - 10.2019
Associate of Science - Risk Management
University of Stellenbosch
Stellenbosh 06.2020 - 11.2020
Strategic Level - Management Accounting
CIMA (Chartered Institute of Management Accountant
UK 08.2023 - 11.2023
Honors Financial Management - Honors Financial Management
Regents Business School
Johannesburg 07.2023 - Current
Intermediate Diploma -
Association of Accounting Technician
Johannesburg 10.2015 - 11.2016
Skills
SKILLS SUMMARYFinanceFull financial and management accounting experience, coupled with a high level of computer literacy and skills on accounting packages (SAP R/3-EC66, FI & CO-staff training and system implementation and testing) and CaseWare working papers Treasury template Monthly Management reporting, Month, Quarterly &YTD and forecasts Prepare and submit on an annual basis Estimates of National Expenditure (ENE), NT Regulations, Medium Term Expenditure Framework (MTEF), and Adjustment Estimates (AE) as required by the Public Finance Management Act (PFMA), (GAAP) and (IFRS)StrategyProvide input into the company's strategic planning process (Corporate Plan), including constructive challenge and debate with business clusters, and recommendations into the organizations business planning process to develop the organizations corporate plan Participation in the management team at OPSCO level Input for the development of the strategic plan for the Company corporate plan and cascading strategic objectives into business units Ensure informed, cost-effective strategies, channels and tools are utilized to inform and support the core activities of SENTECH and stakeholders, namely: knowledge sharing and financial resource planning and controlBehavioral competencesComputerised accounting systems, numerical and analytical skills, Good communication skills Problem solving skills, Service orientation, Strategic thinking/idea generation, Strong reconciliation skills, Able to work well under pressure, Good time-keeping and commitment to deadlines, a team player, Dedication, prepared to work overtime when necessary, Attention to detail, proactive and ability to planFunctional competenciesFinancial systems, Computerised accounting, PFMA, IAS, IFRS accounting knowledge, Report writing and presentation, Operational finance, financial systems and National Treasury Regulations and knowledge of the ITC sector in SA and the Insurance industry
Risk Management
Internal auditing
Internal/external reporting
Variance analysis
Budgeting and Forecasting
Audit processes
Managing department
EXCO presentations
Account reconciliation specialist
SAP expertise
ATX Total Accounting Office proficiency
Account reconciliation processes
Fiscal budgeting knowledge
Statutory Reporting
Financial Management
Superior attention to detail
Budgeting
Financial statements expertise
Budget Analysis
Account Reconciliation
Calculating liabilities
Accomplishments
- Handled and resolved the largest Number of reporting discrepancies in over 16 years.
- Increased profits by over 50% without reducing customer satisfaction rates managing and rationalizing costs and cost containment.
- Documented and resolved process flows which led to efficiencies and reduce time frames
Affiliations
SAIBA (South Africa Institute of Business Accountants)
CIMA (Chartered Institute of Management Accountant)
IAA (Institute if Internal Auditors South Africa)
Timeline
Strategic Level - Management Accounting
CIMA (Chartered Institute of Management Accountant
08.2023 - 11.2023
Honors Financial Management - Honors Financial Management
Regents Business School
07.2023 - Current
Associate of Science - Risk Management
University of Stellenbosch
06.2020 - 11.2020
Professional Membership: Certified Financial Officer (SA) SAIBA -
SAIBA (South Africa Institute of Business Accountants), CIMA
10.2017 - 10.2019
Intermediate Diploma -
Association of Accounting Technician
10.2015 - 11.2016
Master of Science - Risk Management
Management College of South Africa
06.2015 - Nov 2017
Group Management Accountant
SENTECH SOE
10.2008 - Current
Management Accountant
Telesure Insurance Investments, Auto
01.2007 - 08.2007
Management Accountant
Alexander Forbes Insurance
01.2006 - 12.2007
Financial Accountant
KONICA MINOLTA Pty Ltd
06.2003 - 12.2005
Bookkeeper
Glencarol Industries
12.2000 - 06.2001