Lunga Lwando Lunika

- Monthly analysis & reporting – prepare monthly results report for different business/operational units & cost centres that are going to be used in Exco meetings.

- Setting up and running of meetings with all cost centre owners & partners to understand the monthly results.

- Month-end processes & journals -Manage time difference accruals and supplier accruals.

- Forecasting & Budgeting – Manage the budget process & assist in preparing budgets and forecasts for schemes.

- Provide analysis and explanations on the prepared budget and forecasts

- Analysis of divisional expense variance reports between budget, actuals & forecasts.

- Management Accounting; budget models); and communication of these to relevant stakeholders.

- Timely preparation of management accounts.

- Balance Sheet Management - Timely preparation of balance sheet reconciliations.

- Maintain accuracy of balance sheet accounts for any amounts that need to written-off, check reasonability and support for balance sheet general ledgers.

- Analysis of General Ledger accounts to ensure accuracy, completeness and validity of information.

- Internal control - Ensure and monitor high quality standards (best practice accounting) are maintained by the portfolio.

- Assistance in the management of day-to-day activities of the finance reporting function.

- Assist with defined ad hoc projects according to business needs.

- Reason for wanting to leave – Work-Life Balance.

- Forecasting & Budgeting – Support Financial Controller with annual & quarterly budget & forecasting.

- Support Financial Controller to monitor key performance indicators (sales, revenue recognition, margins, opex).

- Monitor various P&L cost lines, working with budget owners (departments) to forecast and understand trends & variances.

- Prepare forecast vs actuals report and report on variances.

- Capex Management - Record fixed asset acquisitions and disposals in the Enterprise Resource Planning (ERP) system.

- Capital Expenditure PO maintenance.

- Run monthly depreciation and wear and tear for all fixed assets.

- Administer fixed asset approvals to capex plan.

- Perform additional duties and assist with other projects upon request from management.

- Maintain accuracy of general ledger.

- Complete general ledger reconciliations and attend to open item clearings on SAP

- Ensure all clearing (control) accounts are balancing and cleared.

- Determine where accruals are necessary for month-end reporting purposes working with Work with AP on supplier invoice receipting, processing and payments.

Reason for Leaving – Career progress from Assistant to Management Accountant.

- Primary purpose is to ensure that the accounting system of the organisation is functional, complete, accurate and provide support to the Finance Manager.

- Full Finance function up to trial balance.

- Processing of intercompany transactionsincluding month end journals, payroll reconciliations and accruals.

- Management of creditors’ function(including facilitating supplier payment, reconciling to supplier statement, Provide monthly creditor age analysis).

- Management of debtors’ function(including facilitating debt collection and reconciling debtors’ balances, provide debtor age analysis).

- Set-up, prepare and maintain reporting of business performance (actual) versus expectations (Budget).

- Manage payments – both foreign and local.

- Monthly Comparisons between Forecast, Actual and Stretch Targets (Control of expenses).

- Prepare monthly Balance Sheet Reconciliations.

- General Ledger and journals custodian.

- Provide analytical and commercial support to improve performance

- Income Statement and Balance Sheet analysis for each subsidiary and group

- Managing cash books and preparing bank reconciliations

- Reconcile subsidiaries & group VAT report.

- Reason for Leaving – Fixed Term Contract.

- Administer Accounts for both Accounts Receivable and Accounts Payable.

- Process and review journals daily on SAP.

- GRN Invoices at Stores against PO.

- Processing supplier and client invoices for approval and payment.

- Assist with balancing stock counts for FG & Raw Materials on physical stock and system, then investigate variances.

- Prepare the Items Completed Report in production month-end report.

- Process production journals and orders.

- Monitor and report on plant maintenance costs month-end.

- Assist in loading and amending BOMs.

- Assist in preparing Actual vs Budget for plant cost centres.

- Process accrual journals for month-end.

- Load compliance documents for export goods for tax purpose on GTS for Export Compliance.

- Reason for Leaving – Distance, office more than 53kms away.

- Ensure timely & accurate payments of and control of over 1600 monthly municipal utilities accounts payables for Telkom.

- Ensure adherence of IFRS 16 Leases with power and utility payables.

- Cash-Flow Planning, Budgeting and Forecasting.

- Performing general ledger reconciliations.

- Posting Payables Journals to Vendor Accounts.

- Fund requisition vs payments done.

- Reconcile accounts to AP Ledger and Statements.

- Assist in Preparing Accounts Payables monthly reports.

- Liaising with Councils/Municipality/Eskom on specific invoice queries.

- Managing relationships with shared services stakeholders.

- Prepare Drawdown (report requesting funds) for each month.

- Prepare payment vs request report on accounts paid.

- Management of Draw down (Fund Requisition) and Bank accounts.

- Reason for Leaving – wanted a more core accounting function than accounts payable.

- Taking responsibility for the accounting treatment of lease accounting related to network infrastructure sites, subscriber lines, site sharing (lease in and lease out), retail stores and office accommodation contracts.

- Managing and recording financial transactions using SAP.

- Review and maintaining accurate company ledgers.

- Budget versus Actual. Investigate Variances.

- Preparing month end management accounts and supplementary reports.

- Assumes responsibility for establishing and maintaining effective communication and coordination with are personnel and with management.

- Managing sub-processes related to rental and utility payments

- Reconcile for both Accounts Receivables & Accounts Payables for preparation of reconciliations for month-end processes.

- Identify discrepancies in ledgers and accounts, tracking them to the source and correcting them.

- Assumes responsibility for establishing and maintaining effective business relations and personal dealing with vendors, governmental agencies, and outside business and accounting professionals.

- Preparation and analysis of provisions/accrual journals.

- Ensure that finance is seen as a value adding business partner (Business, Tenants, Property Asset Management and External clients).

-Reason for Leaving – 6 months fixed contract position.

- Standard Costing – Analyse production variances to standard cost & report on changes in standard cost.

- Inventory Variances and WIP Provisions.

- Posting Costing Variance Journals to General Ledger

- Multi-Level BOM - Assist in updating multi-level Bill of Materials and product costing.

- Month End Journal Entries – Enter Journal Entries related to Production (Provisions, Allocations, Profit & Loss arising from production or stock)

- Production Realised Cost Tracking – Track live Works-Orders against Standard Costs.

- Recoveries Report – Report Recovery percentage such as direct factory hours that went into actual production of product.

- Month-end reporting – Production Variances, Under/Over Absorbed Overheads.

- Ensure reliability and accuracy of standard cost system.

Reason for Leaving – 10 months intern position.