Kenneth Mmaseeme
Cost Control Manager
Boksburg
Summary
Proactive Cost control manager with strong background in financial analysis, budgeting and forecasting. Develops and implements financial plans and delivers strategic financial advice.
Overview
20
20
years of professional experience
4
4
years of post-secondary education
Work History
Cost Control Manager
NJR Projects (Pty) Ltd
2016.08 - 2020.07
- I am highly experienced Cost control or Project Cost controller
- I have developed and worked my way through the ranks in various companies where I have been exposed to and managed high turnover fast paced projects in South Africa and Outside South Africa
- I have extensive and proven experience in Management and helped to set-up and monitor systems for various entities
- I bring on-board lot of industry knowledge and experience but most importantly problem-solving skills, diligence, honesty and independence
- Have proven experience in Financial, Cost control & Management reporting
- Administration of fixed assets & fixed assets expenditure
- Verification & authorization of Sub-contractors & supplier payments
- Managing and co-coordinating the activities of Projects Admin & Costing personnel
- Offering management support to Managing Director
- Preparation and monitoring of organizational Budgets and attending to variances
- Provide meaningful Forecast to completion (FTC) and Forecast at completion (FAC) for running Projects.
- Reported on financial situation to guide decision-making and budget formulation.
- Provide update on order book and strategic advice on future of the organization as a going concern
- Utilized pivot tables, charts and macros to gather and manipulate data.
- Using various performance indicators to monitor performance of projects
- Facilitating assessment of forecast to complete (FTC) and forecast at completion(FAC) costs
- Coordinating and presiding over Project milestone/(Forecast) meetings
- Monitor Consolidated projects current cash flow and forecasted cash
- Setting up whole financial function/department and company Internal controls and business systems
- Conducted evaluations to gauge performance and productivity of project teams.
- Preparing for audits and ensuring that company records are audit ready.
- Maintained strong understanding of industry best practices in cost control management, continuously updating skills through professional development opportunities.
- Enhanced communication between project teams by developing comprehensive cost reports, ensuring timely updates on budget status.
- Conducted regular audits of internal controls and procedures related to cost tracking, ensuring compliance with company policies and regulatory requirements.
- Negotiated favorable contract terms with suppliers and subcontractors, reducing materials and labor expenses without sacrificing quality.
- Successfully managed multiple projects simultaneously, maintaining a high level of attention to detail while ensuring each stayed on time and within budget.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Designed and maintained financial models to identify and measure risks.
- Evaluated and negotiated contracts to procure favorable financial terms.
Divisional Cost Controller
Basil Read (Pty) Ltd
2012.04 - 2016.07
- Prepared monthly financial reports, highlighting key variances between actuals versus budgets or forecasts to assist in corrective actions where necessary.
- Reduced project costs by streamlining processes and implementing cost-saving measures.
- Enhanced communication between finance and operational teams, fostering a collaborative approach to cost control efforts.
- Developed annual budget and compared actual expenses against projected budget to minimize costs.
- Created internal controls and corrective actions to reduce risk or deficiencies.
- Administration of fixed assets & fixed assets expenditure.
- Verification & authorization of Sub-contractors & supplier payments.
- Managing and co-coordinating activities of Projects Admin & Costing personnel.
- Offering management support to Group Cost Control Director and Division MD.
- Preparation and maintenance of Budgets for running projects and forecast thereof.
- Using various performance indicators to monitor performance of projects.
- Coordinating and presiding over Project milestone/(Point) meetings.
- Monitor Consolidated projects current cash flow and forecasted cash.
- Assisted with acquisition, operating financing and systems integration to meet project and site-related objectives.
- Collaborated with various departments to identify opportunities for cost reduction and process improvement.
- Supported project teams by providing valuable financial insights and recommendations for improved performance.
- Reviewed documents and data to give accurate presentations and forecasts to upper management.
- Formulated strategic plans and supported tactical initiatives to execute cost-savings deliverables.
- Increased flow of financial information throughout company by improving communication strategies.
- Directed corporate decision-making and planning by monitoring and setting policies and procedures to optimize fiscal performance.
- Enhanced quality and currency of financial information by overseeing revenue collection systems.
Cost Control Manager
BRCD JV
2008.06 - 2012.03
- Preparing monthly Cost control / Management reports for the JV Monitoring of monthly production and overheads budgets and investigating variances Setting up systems and control processes for accurate and timely costs collection and revenue recognition Managing 7 costing staff members (Made-up of 2 Senior Cost controllers, 2 senior costing clerks, 2 Wages clerks and 1 junior costing clerk.
- Maintained a strong understanding of industry best practices in cost control management, continuously updating skills through professional development opportunities.
- Identified inefficiencies in current workflows through meticulous analysis, leading to improved productivity while adhering to strict budget constraints.
- Enhanced communication between project teams by developing comprehensive cost reports, ensuring timely updates on budget status.
- Conducted regular audits of internal controls and procedures related to cost tracking, ensuring compliance with company policies and regulatory requirements.
- Negotiated favorable contract terms with suppliers and subcontractors, reducing materials and labor expenses without sacrificing quality.
- Successfully managed multiple projects simultaneously, maintaining a high level of attention to detail while ensuring each stayed on time and within budget.
- Collaborated with cross-functional teams to identify areas of potential cost reduction in existing projects, increasing overall profitability.
- Performed thorough variance analyses on a regular basis, highlighting key discrepancies between actual and forecasted costs for prompt resolution.
- Established performance metrics and benchmarks for ongoing evaluation of project success, ensuring alignment with financial goals.
- Streamlined procurement processes to achieve significant cost savings while maintaining quality standards.
- Established close working relationships with key stakeholders, including project managers and finance personnel, fostering open communication channels that facilitated early identification of potential cost issues.
- Reduced project costs by implementing effective cost control strategies and monitoring budgets closely.
- Provided insightful recommendations to senior management based on accurate cost projections and historical data trends, driving strategic decisions regarding resource allocation.
- Prepared and updated project status reports, purchase orders and invoices, updating tracking documentation and maintaining files for due diligence and financial control support.
- Established and checked coding procedures, monitored reports and updated internal files.
- Analyzed business processes to identify cost savings and operational efficiencies.
- Complied with established internal controls and policies.
Senior Cost Controller
Illima Projects
2008.02 - 2008.05
- Supported project teams by providing valuable financial insights and recommendations for improved performance.
- Implemented cost control systems, resulting in better project management and resource utilization.
- Enhanced communication between finance and operational teams, fostering a collaborative approach to cost control efforts.
- Assisted in the development of annual budgets based on historical spend analysis, projected needs, and strategic goals.
Cost Controller
Basil Read Mining (Botswana)
2004.04 - 2008.01
- Developed comprehensive financial models for accurate forecasting and effective cost management strategies.
- Enhanced communication between finance and operational teams, fostering a collaborative approach to cost control efforts.
- Reduced project costs by streamlining processes and implementing cost-saving measures.
- Conducted regular budget reviews, ensuring optimal allocation of resources throughout project lifecycle.
- Analyzed cost trends, leading to timely identification of potential issues and proactive solutions.
- Ensured compliance with company policies and regulatory requirements through diligent monitoring of expenses and budgets.
- Liaised with suppliers/vendors to resolve any invoicing disputes or discrepancies promptly.
- Supported project teams by providing valuable financial insights and recommendations for improved performance.
- Improved cash flow management by closely tracking accounts payable/receivable activities and facilitating timely payments collections.
- Provided expert assistance during internal/external audits related to project costing matters.
- Implemented cost control systems, resulting in better project management and resource utilization.
- Managed financial data with precision to ensure accurate reporting and informed decision making.
- Optimized budget allocation for increased efficiency and reduced waste in multiple projects.
- Mentored junior team members on best practices in cost control procedures and techniques.
- Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.
- Managed payroll data entry and processing for 280 employees to comply with predetermined company guidelines.
- Accurately completed financial statement audits and thoroughly reviewed results.
- Reviewed documents and data to give accurate presentations and forecasts to upper management.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing, and sales tax returns.
- Managed budgets, assets, portfolios, accounts payable, and receivable and general financial reporting procedures.
- Managed daily financial functions in collaboration with accounting and payroll personnel.
- Prepared and filed tax returns and generated monthly reports in compliance with regulatory and organizational standards.
- Completed year-end close processes through effective supervision financial functions and regular treasury transactions.
- Formulated strategic plans and supported tactical initiatives to execute cost-savings deliverables.
- Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
Costing Clerk
Basil Read Mining
2000.02 - 2004.03
- Supported timely decision-making by preparing accurate monthly cost reports for management''s review.
- Maintained highly organized filing system for all costing documents, simplifying document retrieval during audits or reviews.
- Developed comprehensive understanding of various factors contributing to the project costs allowing more informed decision-making.
- Streamlined invoice processing workflow to expedite payment approvals and reduce late fees incurred from delayed payments.
- Played an integral role in continuous improvement initiatives aimed at refining the organization''s overall approach toward controlling costs.
- Advanced the accuracy of projected cash flows with meticulous reconciliation of actual vs estimated expenses on a regular basis.
- Helped ensure financial stability by identifying and addressing discrepancies between the General Ledger and Cost Accounting records.
- Reduced costs by implementing efficient data entry and tracking systems for project expenses.
- Collaborated with cross-functional teams to ensure accurate cost allocation across departments.
- Enhanced financial reporting processes, streamlining data collection and organization.
- Verified accuracy of accounts payable payments, resulting in reduction in payment errors and check reissues.
- Used data entry skills to accurately document and input statements.
- Responded to customer concerns and questions on daily basis.
- Monitored outstanding invoices and performed collections duties.
- Disbursed petty cash by recording entries and verifying documentation.
- Reconciled accounts receivable to general ledger.
- Generated monthly billing and posting reports for management review.
Education
National Diploma - Cost and Management Accounting
Technikon Witwatersrand
Johannesburg, GP 1997.02 -
Certificate in Commercial Accounting - Accounting
Technikon Witwatersrand
Johannesburg, GP 1996.02 -
Matric -
Ngwanakwena High School
Marble Hall, MP 1991.01 -
Skills
Cash flow Managementundefined
Timeline
Cost Control Manager
NJR Projects (Pty) Ltd
2016.08 - 2020.07
Divisional Cost Controller
Basil Read (Pty) Ltd
2012.04 - 2016.07
Cost Control Manager
BRCD JV
2008.06 - 2012.03
Senior Cost Controller
Illima Projects
2008.02 - 2008.05
Cost Controller
Basil Read Mining (Botswana)
2004.04 - 2008.01
Costing Clerk
Basil Read Mining
2000.02 - 2004.03
National Diploma - Cost and Management Accounting
Technikon Witwatersrand
1997.02 -
Certificate in Commercial Accounting - Accounting
Technikon Witwatersrand
1996.02 -
Matric -
Ngwanakwena High School
1991.01 -
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