Martin Geldenhuys
Financial Manager
Cape Town
Summary
Experienced finance professional with a strong background in accounting and financial management. Proven expertise in management accounting, budgeting, and providing strategic support to drive business objectives and maximize revenue. Dedicated to delivering accurate financial analysis and implementing effective financial strategies to optimize organizational performance. Results-oriented professional with a track record of success in improving financial processes and driving cost savings initiatives.
Overview
20
20
years of professional experience
2
2
years of post-secondary education
Work History
Financial Manager
Absolute Capital Partners
1 2023 - Current
- Managing full accounting function for 11 group entities
- Liaise with various Audit teams and achieve clean audits for all entities
- Review of individual and consolidated financial statements
- Group treasury function and cashflow management
- Preparing of Monthly management account packs for internal and external reporting
- Preparing of annual forecast, Income statement and Balance sheet, with quarterly updates
- Property portfolio management, liaising with banks regarding funding, rental renewal negotiations, sale and purchase of properties
- Work closely with Credit team regarding new deal structure and funding requirements.
Senior Management Accountant
Mukuru
03.2022 - 12.2023
- Setting up the management accounting department
- Creating management accounts for each Head of Department and Business Unit
- Implementing and improving processes and procedures
- Creating reports and insights for Senior Management that was not available before.
Senior Management Accountant
Capfin
02.2016 - 02.2022
- Monthly management and reporting packs, with variance analysis against budget and forecast, full income statement
- Building and maintaining Budget and Forecast models
- The models include all revenue, sales, bad debt write-off, loan book size and number customers
- Transactional costing
- Monthly flash reporting
- Bad debt provisioning with assistance from Credit department
- Metrics packs with commentary
- Management of 1 staff member and reviewing of work done (Management Accountant)
- Daily cashflow management, approvals and forecasts (Treasury function).
Management Accountant
Media24
10.2012 - 01.2016
- Preparation of complete budgets (total budgets R200mil) and forecasts (2-3 times a year)
- Recharges model in excess of R100mil for IT departments
- IT costs allocated to various departments/business in the group according to various services provided
- Cost per service calculations
- Management of 4 staff members
- Liaising with Senior Management regarding revenue, costs and charge out rates
- Monthly management accounts of various departments/divisions with variance analysis against budget and forecasts
- Checking and approval of payments and changes on Standard Bank
- Assisting with year-end procedures, audit packs, tax packs and disclosures
- Responsible for business unit external audit interaction and query resolution.
Management Accountant
Media24
08.2008 - 09.2012
- Specific analysis and calculations: Sales commission calculations
- Monthly metric analysis (UB's, audience, page impressions, referrals ad impressions etc.) for EXCO
- Monthly management report/presentation for EXCO and board
- Preparation of Annual Financial Statements (Final review done by Group Accountant)
- Calculating Tax liability for year-end and half-year (Final review done by Group Accountant).
Assistant Accountant
Media24
04.2007 - 07.2008
- Preparation of complete HR budgets (total budgets R20mil) and forecasts (2-3 times a year)
- Recharges model to various divisions within Media24, 12 Divisions with about 50 departments
- Monthly variance analysis and sending of reports to the managers responsible for that department
- Handling of all intercompany account transactions between divisions (hundreds of debit/credit notes and invoices)
- Management and training of interns
- Local and overseas general ledger recons
- Daily cash management for the group)
- Full asset register function.
Senior Accounting clerk
Media24
09.2005 - 03.2007
- Full asset register function
- Creditors function for asset related vendors (+/-25 vendors)
- Handling of all intercompany account transactions between divisions
- General ledger recons
- Daily cash management for the group
- Consolidation of various budgets and projects into 1 budget schedule.
Creditors clerk
Media24
04.2005 - 08.2005
- Full creditors function for between 50-100 vendors
- General ledger reconciliations.
Creditors Clerk
Partserve Channel Support (Pty) LTD
04.2004 - 01.2005
- Full creditors function (Pastel)
- And stock verification.
Education
ACMA (Accredited Chartered Management Accountant) - Management Accounting
Chartered Institute of Management Accounting (CIMA
United Kingdom 04.2001 -
Financial Management
RAU University (Now University of Johannesburg)
Johannesburg, South Africa 04.2001 - 05.2003
Skills
Financial Management
Budgeting and Forecasting
Treasury Function and Cashflow
Management Reporting
Audit
Advanced Excel
Recentachievements
- Achieved clean Audits for all 11 entities over all the years I was responsible for the Audits.
- Implemented a new Chart of Account structure that streamlined reporting and forecasting.
- Rebuild the loan book model in excel from scratch, with new and improved methodologies and efficiencies. Exco said it was a great improvement on prior models. This model is used to budget all revenue, sales, bad debt write-off, loan book size and number of customers.
- Spotlight award for Excellence, 3 years in a row. GEM award December 2020 and Team award May 2021.
- Setting up and managing new in-house Treasury function.
- Creating and building an R100million plus budget from scratch, together with an allocation model that allocate across 50 business units which includes 80 services. (This was 1 of 5 budgets I had to complete during the same period). This budget also saved the CIO (Chief Information Officer over 3 weeks of work, when compared to prior year's budget cycle.
- Working with the CEO, I had to create a new report with metrics (updated monthly) for a new division that was suitable for Top level management.
Extramuralactivities
Jogging, gym and squash., RAU Hockey team league winners 2002, 2004., Hockey league winners: 1994, 1996 & 1997., Tennis first team: 1995 to 1997., Swimming (competitively) High school and Primary school, Show jumping (Equestrian) during High school.
Computerliteracy
advanced, excellent, very good, very good, True, Pastel, Xero, SAP and spreadsheet server, IDU concept, HFM Hyperion, Excel Analyst, SmartStream
Personal Information
- Health Status: Excellent
- Driving License: Yes, code 8 and own transport
Languages
English
Bilingual or Proficient (C2)
Afrikaans
Bilingual or Proficient (C2)
Timeline
Senior Management Accountant
Mukuru
03.2022 - 12.2023
Senior Management Accountant
Capfin
02.2016 - 02.2022
Management Accountant
Media24
10.2012 - 01.2016
Management Accountant
Media24
08.2008 - 09.2012
Assistant Accountant
Media24
04.2007 - 07.2008
Senior Accounting clerk
Media24
09.2005 - 03.2007
Creditors clerk
Media24
04.2005 - 08.2005
Creditors Clerk
Partserve Channel Support (Pty) LTD
04.2004 - 01.2005
ACMA (Accredited Chartered Management Accountant) - Management Accounting
Chartered Institute of Management Accounting (CIMA
04.2001 -
Financial Management
RAU University (Now University of Johannesburg)
04.2001 - 05.2003
Financial Manager
Absolute Capital Partners
1 2023 - Current
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