Summary
Overview
Work History
Education
Skills
References
Interests
Timeline
Generic

Laurence Mashiloane

Boksburg

Summary

Dedicated self-starter with a proven track record of solid performance over nine years in the heavy-duty engineering and construction chemical industries. Expertise in technical implementation and accounting principles developed through a pivotal costing role, followed by a position as a trusted internal adviser focused on creating and executing robust pricing strategies that proactively identify, measure, and manage pricing risks. Recent experience within FNB Business Banking provided valuable insights into the financial services ecosystem, enhancing understanding of strategic focus and risk management challenges while contributing to the organization's shared value approach. Ambitious Financial Manager committed to exceeding expectations and eager to embrace additional responsibilities to drive exceptional results.

Overview

14
14
years of professional experience

Work History

Financial Manager

FNB Business Investment Capital
09.2024 - Current
  • The role of Financial Manager for FNB Business Investment Capital was an expansion of my existing responsibilities. While the core focus of my role is to support the business operations ensuring that they deliver on the strategic priorities for the group portfolios assigned, Investment Capital as a business unit that has profit as its major objective with income lines and Advance achieve deliverables therefore to Partner with the business in the provision of financial expertise and advanced level supporting processes that continuously enhance delivery of financial services.
  • Custom Business Partnering: Partner with stakeholders in the provision of financial insights and guidance into the operational and general decision making debates.
  • Preparation and compilation of monthly Management Accounts to be presented to Business Unit Head.
  • Presenting Monthly Exco meeting for Investment Capital
  • NIR and NII Flash commentary
  • Process Business Planning: Coordinate the budget preparation and manage the process throughout the budget period in accordance with guidelines and assumptions jointly on location reporting analysis to support decision making and guidance management making corrective action on budget variances.
  • Internal Service Level Agreement Charge Review and Analysis.
  • Headcount management
  • Operations costs Analysis
  • Staff management and any Adhoc Queries and Projects that the role required.
  • Internal and External audit process coordination

Financial Manager

FNB Business Strategic Finance
03.2017 - Current
  • I migrated to the role of dedicated Financial Manager for Business Banking Marketing, Human Resources, Finance, Chief Risk Office business units. My focus in this role was to support the business operations ensuring that they deliver on the strategic priorities for the group portfolios assigned.
  • My current role has put me in the fortunate position of interacting with a wide variety of stakeholders to get them on the reporting done.
  • Preparation and compilation of monthly Management Accounts to be presented to Business Unit Head.
  • Coordinating the budget preparation and manage the process throughout the budget period in accordance with guidelines and assumptions
  • Presenting Monthly Management meeting for Human Resource, Business Banking, Marketing, Chief Risk Office.
  • Responsible for Monthly Headcount review provision for the Business Banking Segment.
  • Managing the Management and Staff Bonus Provision for all commercial segments business units.
  • Approval of staff movements/vacancies (New Headcount request in the Vacancy management tool (Genesis))
  • Managing the charge out for Marketing related events such as Star Light classics, stadium charges
  • Operation assessment of finance reporting.
  • Reviewing and promotion of the Head of FNB space and BA reporting within their set deadlines
  • Review of Vat reconciliation for the support companies and completion of the quarterly Tax Pack
  • Balance sheet reconciliations and Suspense Accounts reporting reviewed and signed off.
  • The approval of supplier invoices ensuring that they are paid on as they fall due.
  • Approval of travel for Excon and organising any Forex applications that are required.
  • Preparation of the monthly MI for the Woman Business in Net Income After Cost of Capital, Advance and New Accounts for presentation to SME Exco.
  • Internal Service Level Agreement Charge Review and Analysis.
  • Headcount management
  • Operations costs Analysis
  • Staff management and any Adhoc Queries and Projects that the role required.
  • Internal and External audit process coordination

Stock Accountant

Puma Energy Service South Africa
12.2015 - 03.2017
  • Taking responsibility for all the accounting for company stocks by reconciling stocks daily per location which includes stocks deemed to be locations.
  • Month end stock reconciliation with 3rd parties.
  • Loading of stocks on HFM (Volumes & Numbers).
  • Maintaining stock keeping units in Navision for all products
  • Processing stock adjustments, journal forms and query abnormal adjustments.
  • Accrued purchase analysis and purchase price error resolution within the input of the procurement department.
  • Item charge duties and transposal daily to all receipts to ensure the correct unit cost is applied to all inventory items.
  • Cost Expected vs. Cost Actual analysis.
  • Run adjustments routinely daily
  • Mass balance reporting and attend monthly stock take
  • Submitting stock number for weekly flash reporting
  • Running stock evaluation journals where necessary
  • Run stock trans journals
  • Processing Physical inventory journals and ensuring all variance are with tolerances and agree intercompany volumes for month end.
  • Assisting internal customers with stock related queries on an ad hoc basis.

Costing and Pricing Controller

Abe Construction Chemical (Pty) Ltd
06.2013 - 11.2015
  • Ensuring that all product prices are maintained in Accpac which also extends to investigating and resolving all pricing queries
  • Price list calculation, maintenance and distribution
  • Reviewing all the company stock count activities and investigating and reporting all variances
  • Monthly management reports on stock movements
  • Coordinate all month end inventory counts and cycle counts and variance resolution.
  • Running the costing function for 2 manufacturing plants (Isipingo & Boksburg)
  • Investigating significant cost movements in terms of item costing as well as Error batch investigations
  • Monitoring all prices charged to customers with the view to ensuring that all discounts are approved
  • Preparing monthly management reports on the company pricing activities
  • Ensuring that the cost of all finished goods are accurately maintained in Accpac
  • Monitoring the Gross margins across all product ranges with the aim of ensuring accurate costing for all products
  • Reconciliation of inventory across all seven branches including the Export warehouses as well as responsibilities for Branch Audits.
  • Documenting the company business processes
  • Assisting and coordinating with external auditors on all matters relating to inventory
  • Average cost vs. Standard Cost variance analysis
  • General ledgers vs. sub ledger reconciliation

Costing Clerk

Sober Engineering Product (Pty) Ltd
09.2011 - 05.2013
  • Maintaining the company’s forward cover book which meant taking out forward exchange contracts via the dealer at RMB at the instruction of the procurement department
  • Ensuring the use of the FECA as the rate evaluates
  • Providing assistance during the company’s budget process
  • Month end process reconciliations
  • Costing the company’s imports using the Bill of lading at exchange rate
  • Liaising with the company’s clearing agents on the shipment status of the imports this included apportioning the clearing charges as part of the shipment costs
  • Matching the company’s foreign account payable on Syspro
  • Making payment to foreign suppliers as they fall due
  • Responding to queries from Excon and the control regarding foreign prepayments
  • Reconciling foreign account payable on a monthly basis
  • Preparing the Monthly Machine Sales report
  • Costing the output from the Factory on a monthly basis and apportioning recoveries for Paint, Quality and Crane onto the costs of the machines and repairs using budgeted rates
  • Reconciling the Finished Machine Stock
  • Preparing the Stock Management Report
  • Assisting the Sales department with costing machines being quoted to potential customers
  • Processing month end journals
  • Calculating monthly warrant provision

Education

Diploma in Management Accounting -

CIMA
01.2019

Certificate in Business Process Management - undefined

University of Pretoria
01.2015

BCom - Accounting

University of Johannesburg
01.2010

National Senior Certificate - undefined

01.2005

Skills

  • Strategy development and execution
  • Finance Business Partnering
  • Business and financial reporting
  • Stakeholder management
  • Budgeting and forecasting
  • Risk identification assessment and management
  • Learning agility root cause analysis and problem-solving
  • Report writing presentation and facilitation skills
  • Application of IFRS Companies Act and other SA banking laws and regulation
  • Computer literacy (MS Suite)

References

Available on request.

Interests

Playing chess, Watching Soccer, Music Concerts

Timeline

Financial Manager

FNB Business Investment Capital
09.2024 - Current

Financial Manager

FNB Business Strategic Finance
03.2017 - Current

Stock Accountant

Puma Energy Service South Africa
12.2015 - 03.2017

Costing and Pricing Controller

Abe Construction Chemical (Pty) Ltd
06.2013 - 11.2015

Costing Clerk

Sober Engineering Product (Pty) Ltd
09.2011 - 05.2013

Certificate in Business Process Management - undefined

University of Pretoria

BCom - Accounting

University of Johannesburg

National Senior Certificate - undefined

Diploma in Management Accounting -

CIMA

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Laurence Mashiloane