Magdeline Molly Tlhaku
Centurion
Summary
More than 10 years of progressive accounting experience. Project Accountant at AECOM SA and Deloitte Consulting. Senior Project Accountant at Bongani Rainmakers. Accounting computer packages include Oracle, ACCPAC, Pastel, BST, SAP(HANA), Sage Evolution. PIVOT, VLOOKUPS & Advanced Excel (Refresher training 2023).
Overview
20
20
years of professional experience
1
1
year of post-secondary education
Work History
Senior Project Accountant
Bongani Rainmakers Logistics
1 2023 - 2 2024
- Effective Management of Human Capital, processes and systems to achieve project finance outcomes
- Facilitate the creation and maintenance of invoice listing for all clients
- Stakeholder management and engagement including liaising with clients regarding payment of invoices
- Provide input into policy development for the Project Finance
- Ensure supplier orders are timeously generated, follow up on the delivery of the goods ascertaining quality and quantities to enable payments being affected for delivered goods
- Attendance of all Project Management Unit meetings
- Financial Report detailing the progress of each project per client
- Participation in preparation of financial reports, including cashflows, balance sheets and income statements and other management reports
- Reason for leaving - Retrenchment.
Senior Project Accountant
Deloitte Consulting
01.2021 - 12.2022
- Assists Business in collating the required information (such as the project plan, billing schedule and resourcing) to open a project code
- Verifies accuracy and completeness of information required to open project codes
- Enforces compliance of governance requirements in the way that codes are opened
- Communicates code governance requirements to business as and where needed
- Escalates non-compliance to direct report
- Ensures that the correct contract type is selected in order for the correct revenue recognition methodology to be followed
- Oversees the code opening integration of Phoenix to SAP S/4HANA, and loads any additional information required by SAP
- Ensures timeous and accurate opening and closing of engagement codes (by self or Business if applicable)
- Manages time recording and expenses claims in relation to the pre-loaded project plan
- Manages billing based on the project plan and instruction from Business
- Submit zero rated/ exempt VAT invoices to the Regional Tax Hub for tax compliance checks
- Reviews forecast revenue based on project plan, in line with firm policy
- Effect any required adjustments, based on instruction from Business to the monthly forecast to ensure accurate revenue recognition
- Initiates credit notes on request from Business and submits to the Business Partner for review
- Ensures profit/loss impact of projects after project completion are reviewed and recognized correctly
- Assists Business with timeous project code closure
- Manages project code closure, with no activity, via a monthly ‘clean-up’ analysis
- Manages replacement of Project Owners (Manager, Billing Partner, Proxy, project leaders or AR Party) on SAP
- Resolves queries relating to project services data or process
- Provides assistance and system training to project leaders on SAP activities relating to WIP and revenue reviews, rebates, provisions and revenue recognition reconciliations
- Manages Project Services close over month-end
- Performs first-level revenue analysis and combined with cost analysis from the General Accounting Senior Accountant, provides feedback to the Country/ Regional/ Service Line Business Partner/s on the results
- Manages Project Services Accountants and Administrators.
Project Accountant
AECOM South Africa
08.2015 - 01.2021
- Revenue recognition analysis and monitoring for 150 projects within the Civil Infrastructure end market
- Forex project billing and Withholding tax management
- Monitoring project performance and key indicators: support PM as required in understanding project performance
- Assist Project Managers with project setup and project closeout
- Monitor projects for contract & governance compliance
- Ensure all cost incurred cost is reflected accurately and in a timely fashion on the project
- Prepare monthly reconciliations and approval
- Projects estimates, budgeting, contingencies, escalation, and expenditure management
- Process variations, revenue deviations and currency deviations
- Involved in two system’s migrations, ensuring that project teams are supported and trained at implementation
- Indirect management of Project Financial Officers.
Project Financial Officer
AECOM
12.2012 - 07.2015
- Invoicing according to contracts and follow up on outstanding debtors
- Opening of new projects on BST/ RD according to AECOM regulations
- Assisting Project Manager to keep projects updated
- Supporting Project Manager with cost and management, reporting and work in progress
- Project expenditure controlling
- Set up of budgets according to contracts
- Managing sub-consultancy invoices according to agreements and AECOM policy
- Assisting Project manager with EAC process on a monthly basis
- Support F&A group in monthly close activities
- Departmental monthly Projects and Proposal budgets/forecasts updates/recon.
Finance Officer
Unisa
08.2011 - 04.2012
- Claims & S&T management
- Funds & Budget Administration
- Accounts Reconciliations.
Premium Manager
MHG Group
04.2009 - 06.2010
- Managing staff compliment of 13, 3 Team leaders and 10 Premium clerks
- Ensuring that procedures and guidelines are set out as per service level agreements, data controlling, monitoring interfacing with other systems
- Membership fees collections and recons
- Ensure that systems can meet the needs of the department as flexibility, report generation and controls are concerned
- Develop and implement suitable monitoring and preventive controls
- Ensure that systems are continually reviewed to ensure they remain efficient and effective
- Ensure that systems interface in an effective manor with the organizations financial systems
- Ensure existing procedures are within guidelines set out per service level agreements and where necessary timely & appropriate remedial action is taken.
Senior Bookkeeper
The SA Medical Association
10.2006 - 06.2010
- Group accounts payable Capture, reconcile and follow up supplier’s accounts creditors accounts)
- HMPG (R1m book value) and SAMA (R500,000.00 book value) suppliers
- Accounts receivable controlling
- General ledger reconciliations
- Cash Book Reconciliations
- Reconcile General Ledger Accounts
- Audit assistance.
Financial Officer
SE Makhubu and Associates
04.2003 - 09.2006
- Management of accounts
- Statutory returns
- Staff training and supervision
- Bank recons.
Education
Bachelor of Commerce - Financial Accounting, I II & III
Vista University/UNISA
Post Graduate Diploma in Business Administration - undefined
UNISA
Masters in Business Administration - undefined
UNISA
01.2023 - 04.2024
Skills
Bookkeeping and Financial Management
GL accounts recons
Reconciliations and Analysis
Project Finance Controlling
System Data Integrity
SAP Project Administration
Sage Evolution
Accounts receivable management
Audit preparation
Balance Sheet Analysis
References
- Mr. N Jevu, Senior Project Accountant, 082 998 5005
- Miss Portia Mojalefa, Lead Project Accountant, Deloitte Consulting, 082 546 2868
- Mr. S Mashinini, Senior Financial Accountant, 082 293 4593
Timeline
Masters in Business Administration - undefined
UNISA
01.2023 - 04.2024
Senior Project Accountant
Deloitte Consulting
01.2021 - 12.2022
Project Accountant
AECOM South Africa
08.2015 - 01.2021
Project Financial Officer
AECOM
12.2012 - 07.2015
Finance Officer
Unisa
08.2011 - 04.2012
Premium Manager
MHG Group
04.2009 - 06.2010
Senior Bookkeeper
The SA Medical Association
10.2006 - 06.2010
Financial Officer
SE Makhubu and Associates
04.2003 - 09.2006
Senior Project Accountant
Bongani Rainmakers Logistics
1 2023 - 2 2024
Bachelor of Commerce - Financial Accounting, I II & III
Vista University/UNISA
Post Graduate Diploma in Business Administration - undefined
UNISA