Koketso Albert Maditsi
Treasury Accountant
Springs,Gauteng
Summary
A dedicated Treasury professional with history of meeting company goals and objectives by utilizing consistent and organized practices, skilled in working under pressure and adapting to new situation and challenges to best enhance the organizational brand.
Overview
12
12
years of professional experience
14
14
years of post-secondary education
Work History
Treasury Manager/Accountant
Gibela Rail Transport Consortium RF (Pty) Ltd
07.2023 - Current
- Resolve queries raised with banking institutions.
- Review monthly bank reconciliations for all bank accounts.
- Manage the opening and closing of bank accounts.
- Manage access control for the online banking platform and Thetys system.
- Review and update bank mandates.
- Oversee the timely loading and release of payments.
- On-time and accurate reporting of updates for banking institutions.
- Monitor forex transactions for South African Reserve Bank (SARB) compliance and obtain approvals as required.
- Perform and analyse daily, weekly, and monthly cash flow assessments to manage liquidity.
- Conduct cash forecasting and monitor cash availability across all bank accounts.
- Prepare and submit cash forecast reports to the onshore and offshore teams.
- Ensure that sufficient cash reserves are available in the appropriate currencies to meet payment obligations for loans, suppliers, payroll, and hedging activities.
- Resolve queries raised, i.e. Emergency payments, timely payroll payments, and taxes.
- Review and document monthly hedge (foreign exposure) files and CFC bank balances.
- Remeasure foreign instruments, including loans, interest, and foreign invoices.
- Calculate and maintain hedging entries in accordance with IFRS standards.
- Execute hedges at maturity dates with financial institutions.
- Review and check all the forex entries after they have been posted.
- Report hedging entries to offshore teams and Teranga in accordance with monthly reporting instructions.
- Administer the approval of loan agreements with intercompany entities and implement loan transactions.
- Manage the on-time and accurate settlement of loan accounts.
- Prepare and submit loan reconciliation reports.
- Prepare and declare foreign liabilities to the South African Reserve Bank (SARB) quarterly.
Acting Treasury Manager
Gibela Rail Transport Consortium RF (Pty) Ltd
3 2022 - 06.2023
- Prepare and Present Daily, weekly, and monthly Cash flow forecast to company senior Management
- Monitor Local and foreign bank accounts to ensure optimal returns and investment of excess funds (Money Market and Cash Management)
- Ensure that sufficient funds are available to meet ongoing operational requirements
- Oversee the FICA and KYC process and all the SARB approvals and regulations
- Payments and Receipt administration (facilitate foreign payments, receipts and FX deals from our CFC accounts and ensure that they are released within cut-off time)
- Open, close and maintain Bank accounts and beneficiaries on online banking system
- Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
- Clear and link receipt of customers
- Prepare monthly unrealized and realized FX reconciliation
- Provide leadership for all aspects of day-to-day FX operations from execution to settlement
- Monitor the activities of third parties handling outsourced treasury functions on behalf of the company
- Management of online banking system including giving instruction to the bank as and when required
- Maintain a system of policies and procedures that impose an adequate level of control over treasury activities (Liaising with Banks, regulators like SARB, internal and external auditors)
- Resolution of queries raised with offshore units
- Accurate calculations of hedging entries in terms of IFRS
- Follow up on all unreconciled deposits and payments and ensure no items over 30 days
- Monthly Intercompany loans reconciliation (Local and Foreign Loans)
- Prepare Bank reconciliation of all banks (Local and Foreign banks)
- Timeous and accurate remeasurement of foreign instruments (loans, interest, foreign invoices)
- Maintain banking relationships
Treasury Administrator
Gibela Rail Transport Consortium RF (Pty) Ltd
02.2019 - 03.2022
- Prepare and share daily, weekly, and monthly Cash position with senior management
- Oversee the FICA and KYC process and all the SARB approvals and regulations
- Payments and Receipt administration (facilitate foreign payments, receipts and FX deals from our CFC accounts and ensure that they are released within cut-off time)
- Prepare Bank reconciliation of all banks (Local and Foreign banks)
- Clear and link receipt of customers
- Open, close and maintain Bank accounts and beneficiaries on online banking system
- Maintain a system of policies and procedures that impose an adequate level of control over treasury activities (Liaising with Banks, internal and external auditors)
- Follow up on all unreconciled deposits and payments and ensure no items over 30 days
- Monthly Intercompany loans reconciliation (Local Loans)
- Always ensure Petty cash balances
Cash Book Clerk
Manica South Africa (Pty) LTD
02.2015 - 02.2019
- Maintain & reconcile all cashbooks for all banks Supervise funding request and payments,
- Perform month end reconciliations the day after AR and AP postings have closed
- Download and import bank statements into the bank reconciliation app daily
- Updating existing and adding new creditors & debtors’ details on online banking
- Payments and Receipts processed daily
- Follow up on all unreconciled deposits and payments and ensure no items over 30 days
- Ensure Petty cash balances daily
- Assist with ad-hoc assignments as required
- Process creditor invoices and prepare month end payments accordingly
- Update the cash-flow management schedule daily
- Ensure adequate controls and compliance with corporate bank account management and disbursement policies
- Management of all key relationships including interbank (local and foreign)
- Assist in anticipate borrowing needs and available funds for investment and advise Senior Executives of loans and investments
- Work with the Treasury Manager Supervisor to establish strategic goals and priorities for the Cash Management function
- Assist in developing the Cash Management budget with guidance and input from the bank management
Billing Officer
Moso Consulting Services (Pty) LTD
06.2014 - 05.2015
- Prepare Monthly billing for various companies
- Ensure the billing schedule is received timeously
- Follow on queries and ensure they are resolved with 15 days
- Assist Billing Manager with consolidated billing report
Customer and Service consultant
FIRST NATIONAL BANK
08.2012 - 05.2014
- Buy and sell forex cash on behalf of the bank
- Sell Banks Various products (Investment, Transactional, Loans, and insurance)
- Advice customer on which products to consider
- Serve notice for customers on notice accounts
- Open and Close personal and Business bank accounts
- Resolve customer quarries timeously
- Activate and deactivate customer bank cards
Education
CIMA DIP. MANAGEMENT ACCOUNTING (OPT LEVEL) - CIMA
IMAS
01.2018 - 08.2021
B-Tech - Cost and Man. Accounting
Vaal University of Technology
01.2011 - 07.2014
National Diploma - Cost and Man. Accounting
Vaal University of Technology
01.2008 - 11.2010
High School Diploma -
Botebo-Tsebo Sec.
01.2004 - 12.2007
Skills
Personal and Behavioral Attributes
Accomplishments
- Documented and resolved lack of Petty cash Procedure which led to more organized expenditure which makes business sense
- Opened New Credit Cards for Executive members by introducing Product offered by one of banks after emence research.
- Collaborated with Site Controller in the development of Credit card procedure
- Tasked by the Finance manage to manage Finance check list when employees leave the organization.
Additional Information
Name - Miss Rachel Petja
Relationship - Former Manager (Treasury manager @ Gibela rail)
Contact Number 083 339 9770 / 068 193 0541
Relationship - Coworker (Project manager @ Gibela Rail)
Contact Number 072 360 5770
Name - Mrs Moti Mmotsiemang
Relationship - Former Manager (Billing manager @ Moso Consulting services)
Contact Number 082 481 2365
Timeline
Treasury Manager/Accountant
Gibela Rail Transport Consortium RF (Pty) Ltd
07.2023 - Current
Treasury Administrator
Gibela Rail Transport Consortium RF (Pty) Ltd
02.2019 - 03.2022
CIMA DIP. MANAGEMENT ACCOUNTING (OPT LEVEL) - CIMA
IMAS
01.2018 - 08.2021
Cash Book Clerk
Manica South Africa (Pty) LTD
02.2015 - 02.2019
Billing Officer
Moso Consulting Services (Pty) LTD
06.2014 - 05.2015
Customer and Service consultant
FIRST NATIONAL BANK
08.2012 - 05.2014
B-Tech - Cost and Man. Accounting
Vaal University of Technology
01.2011 - 07.2014
National Diploma - Cost and Man. Accounting
Vaal University of Technology
01.2008 - 11.2010
High School Diploma -
Botebo-Tsebo Sec.
01.2004 - 12.2007
Acting Treasury Manager
Gibela Rail Transport Consortium RF (Pty) Ltd
3 2022 - 06.2023
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