Kelvin Zulu ACMA,CGMA
Johannesburg
Summary
CIMA qualified accountant with strong technical experience within the accounting profession with over 10 years, covering financial analysis and strategy, month-end reporting, financial statements and management accounting reporting, cost analysis, internal controls improvement, and ERP implementation.
Overview
14
14
years of professional experience
Work History
Management Accountant
Astec Industries SA (Manufacturing Industry)
Johannesburg
06.2016 - Current
- Manage preparation of monthly and quarterly management reporting including forecasting, consolidations, and KPI metrics.
- Maintain integrity of revenue recognition process in line with IFRS 15 and US GAAP ASC 606. Assist with Revenue month-end close process, including review of cutoff testing documentation, reconciliations, and margin analysis. Maintained 100% clean internal and external audit results on revenue.
- Providing commercial services to Sales team by reviewing contracts and ensuring compliance with contract terms and conditions for revenue recognition.
- Collaborate Annual Budget preparation process, information collating, analysis, and reporting to Head of Finance. Reducing budgeting timeframe by 2 weeks
- Collaborate with external auditors during interim and year-end audits, providing necessary documentation and explanations related to financial reporting.
- Responsible for maintaining a robust internal control environment, and identifying and implementing process improvements to enhance financial reporting accuracy and efficiency. Activities include preparation and participation in Sarbanes Oxley (SOX) audit, annual review of Segregation of Duties (SOD) matrix, Key Reports Certification, and Risk Control Matrix (RCM).
- Analysis and monitoring of manufacturing financial data such as validation of bill of materials (BOMs), monitoring of factory recoveries, analysis of production and purchase variances, and inventory development tracking.
- Finance Project lead on various continuous process improvement projects such as transition of inventory valuation model from Weighted Average to Standard Costing and ERP upgrade.
- Manage the annual update of Standard Costs and factory recovery rate.
- Analysis of slow-moving inventory, excess stock, stock safety levels (minimums), and calculation of E&O reserves.
- Manage procedures and monitor inventory controls, including cycle counts, WIP aging reviews, and physical inventory accuracy. Reduction in reported stock loss by 50% over past 3 years.
- Identify opportunities to enhance financial processes, reporting, and data analysis. Drive efficiency and automation initiatives within finance department. Led scoping and development of PowerBI reports such as On time delivery, Cycle Count tracker, and WIP Aging.
Management Accountant
GoSolutions (Technology Industry)
Cape Town
02.2014 - 06.2016
- Full Finance Function: Day-to-day management of financial services including billing management, service level agreements contracts, cash flow forecast, credit control, Accounts Payable, Accounts Receivable, Audits, and other financial controls
- Billing – Supervision of revenue month-end close process, including review of revenue entries, reconciliations, and account analysis.
- Coordinated Billing process to maintain robust process and safeguard completeness and accuracy of Quote to Cash process.
- Tax and Compliance: Ensuring all financial statements are accurate, complete, and in accordance with IFRS for SMEs and other industry standards. Responsible for statutory returns and application of tax-efficient plans
- Budgeting: Monthly preparation of financial reports, budgets, cost reports, and financial forecasts to aid strategic decision-making
- Reporting and Analytics: Spearheaded automation of financial and performance reports. Billing statistics, a KPI relevant to measuring time efficiency and impact on profitability. Due to new visibility, management was able to introduce measures to improve resource billable rates by at least 20% in 2015
- System and Procedures: Responsible for continuous system and internal controls development and improvement
- Cross-department functions: Management payroll function in conjunction with HR Manager. Ensuring strong & healthy relationships and communication with external stakeholders such as banks and vendors
- Team: Overseeing a team of 4 accounting & admin staff to ensure their accounting duties meet organizational objectives
Microsoft Dynamics NAV Functional Consultant
GoSoultions (Technology Industry)
Cape Town
02.2014 - 06.2016
- Functional Requirements Documentation: Moderate customer requirements against standard product, best practice, and customer business environment
- Business Analysis: Provide analysis documentation with existing business processes in assigned accounts and projects
- Development Testing: Implement testing plans. Complete accurate tests based on requirements vs. Solution completed. Provide comprehensive feedback on reworks and bug fixes
- User Training: Provided training as per project plan, to ensure that training material is available, that system changes are documented and end users are supported
- Continuous Development: Maintain strong knowledge of Microsoft Dynamics products and services and drive opportunities to implement new products, solutions, and services in assigned accounts
- Account Management: Identifying leads from customers, preparing proposal presentations, and managing technical pre-sales engagement
- SLA Management: Ensure that billing is aligned to budgets / SLAs, proactively manage scope of projects with regard to billable hours, scrutinize budget overruns weekly, and manage cost changes that may occur on assigned customer
Project Accountant
Hands At Work Africa (Charity)
Nelspruit
12.2009 - 12.2013
- In charge of preparation of cash book and general ledger accounts reconciliations on amonthly basis and submission of management reports timely
- Process disposals, additions, revaluations, and depreciation on a monthly basis on fixed asset register
- Maintaining monthly audit files and assisting during half-year and year-end financial audits
- Performed tax submissions and reconciliations for Employee tax, income tax, and VAT
- Provide and maintain record of evidence and importation as required by South African Reserve Bank for all foreign payments as well as releasing transfers on banking online portal.
- Provide support and training to bookkeepers in various satellite office
- Liaising with project managers to coordinate the calculation of annual budgets based on KPI's
- Ensuring projects are continuously keeping sufficient funds to fulfill their financial obligation by preparing monthly cash flow forecast
- Monitoring the actual cash flow against forecast and taking necessary measures to remedy variances
- Preparing periodic financial reports with all needed financial and costing analysis comparing with budgets and KPI's for in line with donor requirements
- Analysing deviations to budgets and providing commentary with a view to improve performance against budget
- Providing continuous review of procedures and ensuring project managers are maintaining the set standard operating and financial procedures and internal controls
Education
Associate Member
CIMA
UK2013
Advanced Diploma in Management Accounting
CIMA
UK2011
Bcom(Hons) Accounting
Midlands State University
Zimbabwe 2009
Skills
- Advanced Excel skills
- Data analysis and Business Intelligence (BI) reports
- ERP experience - Microsoft Dynamics, Oracle, SAGE
- Team player
- Excellent communication and interpersonal skills
- Drives change and process improvements
- Analytical and problem-solving
- Strong knowledge of IFRS and internal controls
Timeline
Management Accountant
Astec Industries SA (Manufacturing Industry)
06.2016 - Current
Management Accountant
GoSolutions (Technology Industry)
02.2014 - 06.2016
Microsoft Dynamics NAV Functional Consultant
GoSoultions (Technology Industry)
02.2014 - 06.2016
Project Accountant
Hands At Work Africa (Charity)
12.2009 - 12.2013
Associate Member
CIMA
Advanced Diploma in Management Accounting
CIMA
Bcom(Hons) Accounting
Midlands State University
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