Luyanda Mngco

Ithala Development Finance Corporation LTD (secondment)

Business Finance- Analyst and Due Diligence:

• Develop and maintain financial models to analyze trends, forecast future financial performance.
• Conduct financial modelling for clients applications.
• Assess the creditworthiness of businesses, and other entities applying for loans.
• Analyze financial statements, credit reports, and other relevant information to determine the level of risk associated with lending money.
• Engaging with clients to gather necessary information.
• Assessing due diligence for the clients' applications.
• Conducting valuations for the clients applications.
• Preparation of management accounts and forecasting projections.
• Provide recommendations on loan approvals or denials based on credit analysis.

Ithala Development Group Finance:

• Compilation of financial statements following IFRS standards.
• Assisted with external audit requests, prepared monthly project reports, and analyzed variances.
• Generating management accounts and Daily Receipting Reports.
• Reconciliation of monthly creditors and debtors.
• Monitoring debtors and assessing expected credit loss movements.
• Approval and processing of invoices and payments.
• Preparation and analysis of daily cash flow reports.
• Compilation of key economic indicators for budget forecasts.
• Budget preparation and analysis.
• Assisting in external auditors' requests and addressing audit findings.
• Preparation of tax returns, including provisional tax, VAT returns, and dividend tax returns.
• Reviewing financial instruments for potential impairment losses.
• Monitoring subsequent adjustments in financial instruments, such as interests, capital repayments and expected credit losses.
• Review invoice and payments approval.

Ethekwini Municipality

Budget office:

• Analyzed budget statements using techniques such as ratio analysis, trend analysis, and cash flow analysis.
• Recommended improvements to entity/business unit performance based on analysis.
• Evaluated actual performance against budget, investigated variances, and provided recommendations for improvements.
• Prepared budgets for entities/business units, documenting assumptions.
• Conducted sensitivity analysis on budgets, varying key assumptions.
• Evaluated opportunities, risks, and financial implications associated with capital asset replacement or acquisition.

Investments:

• Prepared and evaluated cash flow forecasts, identifying potential cash shortfalls and recommending action plans.
• Conducted investment valuation and reconciliation, including fixed deposit investment decisions.
• Evaluate investment opportunities, including securities, bonds, and other financial instruments.
• Conduct research on market trends, economic conditions, and industry-specific factors to inform investment decisions.

Electricity:

• Monitored work-in-progress projects and capitalized finished projects to the fixed asset register.
• Conducted impairment tests on work-in-progress projects when indicators were present.
• Assisted with external audit requests, prepared monthly project reports, and analyzed variances.

Internal audit:

• Audit planning.
• Test of controls for the subsidies of Municipality. - Formulate procedures for the test of controls.
• Monitor compliance to MFMA and PFMA. - Review financial statements for compliance to GRAP accounting standard.
• Auditing the KPIs of the departments.
• Preparation of audit findings report.

• Verified and reconciled the actual number of scripts against submitted batches.
• Recalculated marks awarded by markers, ensuring accuracy.
• Captured learner marks in the system and reported any findings to senior markers.

• Developed comprehensive lesson plans, ensuring clear understanding of accounting concepts and principles.
• Achieved improved student comprehension by incorporating real-world examples and practical applications in accounting lessons.
• Increased student confidence in their abilities, leading to higher levels of participation during tutoring sessions.
• Encouraged the development of strong study habits through the implementation of effective time management techniques and organizational strategies.