Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Khanyisile Ntshangase

Asset Accountant
Randburg

Summary

A highly motivated and detail-oriented finance professional with over seven years of experience in financial analysis, budgeting, forecasting, and reporting, along with extensive expertise in fixed assets. At GIC Re South Africa, I honed my skills in reviewing income statements, analyzing cost drivers, and providing actionable insights to the CFO. Proficient in Excel, I ensure accurate reporting and support data-driven financial decisions. I have a proven track record of optimizing reporting processes, conducting post-implementation reviews, and preparing financial reports, forecasts, and presentations. My responsibilities include journal postings, reconciliations, CAPEX reporting, and assisting with month-end and year-end financial activities, ensuring timely and high-quality deliverables. With experience in financial services, SARS, and a strong academic foundation, I bring a wealth of knowledge and transferable skills that would add value to your team.

Overview

8
8
years of professional experience
2047
2047
years of post-secondary education
1
1
Certification

Work History

Compliance Auditor

South African Revenue Service
Johannesburg
10.2023 - 10.2024
  • Conduct audits of tax returns, financial statements, and other relevant documentation to ensure compliance with South African tax laws
  • Evaluate the accuracy of tax filings, including income tax, VAT, PAYE, and other relevant taxes
  • Investigate discrepancies or inconsistencies in tax filings and identify areas of non-compliance
  • Perform risk assessments to identify areas where businesses may be at risk of non-compliance
  • Analyse tax returns and supporting documentation to assess the risk of fraud or misreporting
  • Recommend actions to mitigate tax-related risks
  • Examine the financial records and statements of businesses to ensure proper accounting practices and tax compliance
  • Verify the accuracy of deductions, allowances, and other tax-related entries
  • Engage with businesses to discuss discrepancies found during audits
  • Provide guidance and assistance to taxpayers on compliance matters, including advising on tax obligations, exemptions, and regulations
  • Address taxpayer queries related to audits and provided clear explanations of audit findings
  • Investigate cases of potential tax evasion, fraud, or other forms of non-compliance
  • Gather evidence and document findings in compliance with legal standards
  • Prepare reports or documentation for potential legal or enforcement actions, such as legal proceedings or penalties
  • Prepare audit reports that summarize findings, risks, and recommendations for corrective actions
  • Present audit results to management or senior authorities within SARS, ensuring accuracy and clarity
  • Maintain detailed records of audits and compliance activities
  • Stay up to date with changes in South African tax laws, regulations, and SARS procedures
  • Ensure that audits are conducted in accordance with the most current tax policies and practices
  • Advise on the interpretation and application of tax laws to ensure fair and consistent enforcement
  • Work with other departments within SARS, such as the Legal and Investigation Units, to address complex cases or pursue enforcement actions
  • Collaborate with internal teams to improve audit methodologies and compliance processes
  • Ensure all audit activities are conducted in an impartial, fair, and consistent manner in line with SARS' values and objectives
  • Maintained up-to-date knowledge of regulatory changes affecting the business landscape, proactively adapting audit strategies as needed.
  • Prepared reports for templates and maintained compliance database.
  • Improved financial transparency by providing clear communication of audit results to stakeholders through detailed reports and presentations.
  • Performed over 100 companies compliance audits per month.

Financial Accountant

GIC Re South Africa (Pty) Ltd
03.2017 - 09.2023
  • Communicated with divisions to address overdue projects requiring capitalization within the SLA period, ensuring compliance and timely resolution.
  • Ensured accurate postings of asset journals and maintained precise financial records.
  • Prepared and reconciled Fixed Asset Register (FAR) versus Trial Balance (TB) for all GIC company codes.
  • Conducted detailed analysis of manual asset accounts, profit/loss on disposal of assets, impairments, and capitalizations/additions.
  • Performed IFRS 16 reconciliations and presented findings to the review panel for approval.
  • Assisted in the preparation of quarterly forecasting reports, contributing to accurate financial planning.
  • Improved and streamlined reporting templates, enhancing efficiency and accuracy.
  • Developed structured Standard Operating Procedures (SOPs) for the Assets Team, ensuring consistency and compliance.
  • Addressed customer requests accurately and timeously, maintaining high levels of satisfaction.
  • Collaborated with the Group Accounting and Statutory Reporting teams to ensure month-end and year-end processes were completed accurately and within agreed timelines.
  • Monitored and ensured timely receipt of premium funds as per contractual due dates in underwriting agreements.
  • Prepared monthly financial reports, including Technical Accounts income statement summaries.
  • Analyzed monthly feedback reports from underwriters to forecast expected claims payments, enabling effective financial planning.
  • Bank and Investment Reconciliations:
  • Conducted monthly bank reconciliations for multiple accounts in EUR, ZAR, and USD.
  • Reconciled external investments held by asset managers, ensuring alignment with company records.
  • Worked closely with the Head of Compliance to ensure the Investment Policy adhered to Prudential Standards.
  • Created and presented daily, weekly, and monthly performance reports to senior management, providing actionable insights.Assisted in budget and forecast preparation, ensuring that all financial details were accurately loaded into excel.
  • Build and maintain relationships with bank relationship managers and resolving deal-related enquiries by email and telephonically.
  • Build and maintain internal stakeholder relationships by liaising and collaborating with relevant departments and facilitating the signing off relevant transactions.
  • Assist CFO with the preparation of the quarterly and annual financial statements
  • Assist with year-end and quarterly audit queries.
  • Handle all administrative queries for the investment portfolio.
  • Compile and analyse financial information to assist with preparation of quarterly and annual financial reports, financial statements and budget reports
  • Assist with collating quarterly presentations for management to present to the Investment Committee
  • Manage accounts receivable and accounts payable.
  • Prepare and process monthly journals.
  • Provide support during month-end and year end close processes.
  • Preparation and submission of statutory tax returns (VAT, PAYE, UIF, Skills Dev Levy and Workmen’s Comp.
  • Communicated with divisions to address overdue projects requiring capitalization within the SLA period, ensuring compliance and timely resolution.
  • Ensured accurate postings of asset journals and maintained precise financial records.
  • Prepared and reconciled Fixed Asset Register (FAR) versus Trial Balance (TB) for all GIC company codes.
  • Conducted detailed analysis of manual asset accounts, profit/loss on disposal of assets, impairments, and capitalizations/additions.
  • Performed IFRS 16 reconciliations and presented findings to the review panel for approval.
  • Assisted in the preparation of quarterly forecasting reports, contributing to accurate financial planning.
  • Improved and streamlined reporting templates, enhancing efficiency and accuracy.
  • · Developed structured Standard Operating Procedures (SOPs) for the Assets Team, ensuring consistency and compliance.
  • Addressed customer requests accurately and timeously, maintaining high levels of satisfaction.
  • Collaborated with the Group Accounting and Statutory Reporting teams to ensure month-end and year-end processes were completed accurately and within agreed timelines.
  • Monitored and ensured timely receipt of premium funds as per contractual due dates in underwriting agreements.
  • Prepared monthly financial reports, including Technical Accounts income statement summaries.
  • Analyzed monthly feedback reports from underwriters to forecast expected claims payments, enabling effective financial planning.


  • Conducted monthly bank reconciliations for multiple accounts in EUR, ZAR, and USD.
  • Reconciled external investments held by asset managers, ensuring alignment with company records.
  • Worked closely with the Head of Compliance to ensure the Investment Policy adhered to Prudential Standards.
  • Created and presented daily, weekly, and monthly performance reports to senior management, providing actionable insights.Assisted in budget and forecast preparation, ensuring that all financial details were accurately loaded into excel.
  • Build and maintain relationships with bank relationship managers and resolving deal-related enquiries by email and telephonically.
  • Build and maintain internal stakeholder relationships by liaising and collaborating with relevant departments and facilitating the signing off relevant transactions.
  • Assist CFO with the preparation of the quarterly and annual financial statements
  • Assist with year-end and quarterly audit queries.
  • Handle all administrative queries for the investment portfolio.
  • Compile and analyse financial information to assist with preparation of quarterly and annual financial reports, financial statements and budget reports
  • Assist with collating quarterly presentations for management to present to the Investment Committee
  • Manage accounts receivable and accounts payable.
  • Prepare and process monthly journals.
  • Provide support during month-end and year end close processes.
  • Preparation and submission of statutory tax returns (VAT, PAYE, UIF, Skills Dev Levy and Workmen’s Comp.
  • Assisted in budget and forecast preparation, ensuring that all financial details were accurately loaded into excel
  • Build and maintain relationships with bank relationship managers and resolving deal-related enquiries by email and telephonically
  • Build and maintain internal stakeholder relationships by liaising and collaborating with relevant departments and facilitating the signing off relevant transactions
  • Assist CFO with the preparation of the quarterly and annual financial statements
  • Assist with year-end and quarterly audit queries
  • Handle all administrative queries for the investment portfolio
  • Compile and analyse financial information to assist with preparation of quarterly and annual financial reports, financial statements and budget reports
  • Assist with collating quarterly presentations for management to present to the Investment Committee
  • Manage accounts receivable and accounts payable
  • Prepare and process monthly journals
  • Provide support during month-end and year end close processes
  • Preparation and submission of statutory tax returns (VAT, PAYE, UIF, Skills Dev Levy and Workmen’s Comp

Education

Postgraduate Diploma - Accountancy

Milpark Education

Advanced Diploma - Accountancy

Milpark Education
Johannesburg
04.2001 - 01.2023

Bachelor of Commerce - undefined

University of Witwatersrand

Skills

  • Financial Analysis & Reporting

  • Data Management & Analysis

  • Financial Forecasting

  • Stakeholder Communication

  • Process Improvement

  • Financial Tools

  • Good working knowledge of MS Office, specifically Excel

  • Good time management skills

  • Good administration skills

  • Planning skills

  • Problem-solving abilities

  • Attention to detail

  • Good verbal and written communications skills

Certification

Introduction to Coding, SheCodes, 2023

Timeline

Compliance Auditor

South African Revenue Service
10.2023 - 10.2024

Financial Accountant

GIC Re South Africa (Pty) Ltd
03.2017 - 09.2023

Advanced Diploma - Accountancy

Milpark Education
04.2001 - 01.2023

Bachelor of Commerce - undefined

University of Witwatersrand

Postgraduate Diploma - Accountancy

Milpark Education

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Khanyisile NtshangaseAsset Accountant