Martin Mpumlwana
Professional Accountant (SA)
Centurion
Summary
Completed articles at ABSA Bank in 2007 and registered member of SAIPA. Over 7 years of banking experience with strong financial management skills, including reporting to CFO and parent company at South African Bank of Athens. Proficient in IFRS, US GAAP, tax compliance, and Excel, with 8 years as CFM at Accenture focusing on resource and technology sector contracts. Led finance strategy as Head of Finance at Healthgarde from 2020 to 2022 and co-founded IIA Connection and Lihlumelo Group, providing accounting and advisory services.
Overview
21
21
years of professional experience
3
3
Certifications
4
4
Languages
Work History
SENIOR FINANCIAL MANAGER
DENEL DYNAMICS & DENEL AEROSPACE
08.2024 - Current
- Appointed to work closely with Divisional CFO and CEO, during its restructuring. My two main mandates are to oversee and manage preparation of year end AFS and audit process.
- Assist Divisional CFO in clearing all backlogs relating to post COVID period. Lastly, I am also responsible to ensure all internal controls and procedures are in place to produce valid, accurate and complete financial reporting and decrease future audit findings.
- Thus far:
- Finalizing audit action plan for upcoming audit
- Liaise with external auditors and manage the upcoming Audit Process
- Assist CFO and Finance team in clearing legacy backlog
- Assist CFO with Division asset verification and regular asset counts
- Assist CFO in identifying gaps and weaknesses in both Internal Controls and Procedures – with the aim to give advice and implement controls to alleviate and minimize future audit inefficiencies
- Assist CFO with drafting of SOP
- Assist CFO to review current team structure and implementing new structure
- Assist CFO to restore morale and confidence in the finance team
- Manage intercompany transactions, ensuring accurate reconciliation and compliance
- Ensure monthly VAT EMP201 submitted and paid on time
- Review and approve all monthly Reconciliations (e.g. VAT, PAYE etc.)
- Prepare weekly Cashflow forecast
- Prepare month Management Accounts, Group Reporting and variance analysis
- Preparing Annual Budget for FY26 – FY27 (including Project Level Budget)
- Put in place month end processes, that will ensure monthly financial reporting is valid, accurate and complete
- Preparing and Reporting AFS
- Achievement: Prepared prepare FY23 AFS (within a month) & FY24 AFS; Planned, presented to Exco and got asset verification process running again for Dynamics; Financial remodeling for monthly reporting AEROSPACE; Creation of new SOPs
Founder & Managing Partner
IIA CONNECTION
06.2022 - 07.2024
- At IIA CONNECTION, we make it our priority to understand our clients’ objectives, working alongside them from concept to completion to create and ultimately deliver a world-class service.
- My responsibilities were meeting with potential clients and retaining existing clients:
- Services Rendered:
- Preparing the monthly management accounts pack
- Organize and present quarterly catch-up financial meeting
- Prepare and submit monthly and bimonthly VAT and PAYE submission
- Organize and Prepare Annual Budget
- Prepare AFS
- Prepare and submit Annual Income Tax
- Ensure clients statutory and financial compliance status is updated e.g., SARS & CIPC
- Organize and Prepare Business Plan
Financial Specialist
SMOLLAN
12.2023 - 05.2024
- Smollan was in the process of restructure and needed capacity to assist finance department. My responsibilities were to manage the financial activities of a single portfolio with monthly turnover of R30m. This entailed developing, optimizing and controlling all financial processes for the portfolio. I also ensured timely and accurate financial accounting of transactions; monthly financial analysis and reporting.
- As a Finance Business Partner, I also provided financial support and guidance to the operational business stakeholders. During this period, I managed a small team made of a Bookkeeper, Creditors Clerk & Debtors Clerk.
- Key Responsibilities:
- Income Statement Management
- Monthly income statement review
- Revenue tracking by client
- Completeness of revenue
- Expense and variance analysis across all cost categories, especially headcount
- Accruals of revenue and expenditure
- Update, Maintain and Present Monthly Management accounts to Business unit leads
- Balance Sheet Management
- Interrogate balance sheet accounts especially sundry debtors, revenue accruals, provisions and accrual accounts
- Ensure that balance sheets are accurate and complete
- Reconcile balance sheet accounts to general ledger
- Solve identified managers’ queries and provide feedback
- Oversight and Co-Ordination of Various Accounting Functions
- Oversee, co-ordinate and control various accounting functions [Debtors; Cashbook; Creditors; Fixed Assets; Payroll; Budgeting; Recording of payroll into GL (staff loans; medical aids; PAYE; UIF, etc)
- Consolidate monthly/quarterly reconciliations regarding debtors and client rebate. Lead these meetings with Client Finance Department.
- Management and Development of Budgets and Forecasts
- Oversee budget development understand all revenue and cost categories
- Oversee monthly forecasts and ensure achievement of targets
- Manage Overhead budgets and ensure costs are within budgeted figures/or if not, flag overspend in all budget formats and model the repercussions
- Sign-off /cost estimates for Ad Hoc activities
- Financial Analytics
- Perform scenario and sensitivity analyses for a variety of business units/financial structures/models
- Provide insight to client executives/client/finance business partners/account managers regarding trends, lagging and leading Indicators
- Present monthly results and findings to Business Unit Leads
Head of Finance
Healthgarde
12.2020 - 05.2022
- Ensure effective implementation of the company financial strategy
- Review and update the company Financial Policy
- Ensure the financials are accurate and complete as per IFRS
- Ensure effective internal controls are in place, continuously review and update internal controls
- Constantly review and improve procurement process
- Review and approve Fixed Asset Register
- Review and approve Annual Budget
- Review and approve Monthly VAT Submission
- Review monthly Management Accounts
- Continuously stay in contact with major suppliers and maintain a good relationship
- Prepare and submit Annual Income Tax
- Prepare Annual Financial Statements
- Report directly Board of Directors
- Review and approve Finance Team (10 staff members) KPI and performance appraisal
- Liaise with auditors and sign off AFS
- Achievement: Managed to decrease OPEX by 32%, after acquisition and downsizing. Managed the new Finance backend ERP system integration (SAGE Evolution).
CFM
Accenture
06.2012 - 11.2020
- Ensure compliance with U.S. GAAP, Accenture finance policies and local statutory requirements
- Prepare or review costing and pricing (Total Billing, Revenue, Resource Cost, NP Cost, SC, Margin)
- Understand Pricing calculations from initial stage of project
- Identify or assist in identifying requirements for job extension
- Manage working capital by ensuring bills are in accordance with the contract, and that they are accurate and timely
- Actively manage inventory & receivables, and explain anomalies
- Ensure Revenue is correctly recognized on time each month for different projects as per IFRS 15 (Outsourcing – As Earned; Consulting – At a PIT; SI – POC), to avoid any negative working capital charge
- Monitor and report, on engagement financial status and costs, and produce financial reports
- Advise on job and process setup for engagements
- Set up or advise on engagement financial management tools
- Manage expenses: periodically review expense budgets, as follow-up on questionable or invalid expenses and monitor non-Accenture expenses
- Monthly Monitor & Manage the Resources on projects (Liaison with Delivery Leads)
- Monthly PRIL Forecasting for each Project (e.g. 21 Projects for MTN Client)
- Monthly Month End Actual vs Forecast Analysis and commentary of each project (e.g. 21 Projects for MTN Client)
- Consolidate Month end Analysis and Commentary for all 21 projects and present to Country Controllership and MTN MD
- Chair quarterly MMB meetings with all 21 Delivery Leads and MTN MD, looking at current consolidated position vs Forecast vs Budgeted Expense Year End landing position together with pipeline
- On an annual basis initiate Annual Budget process from bottom up for all 21 projects and finalize with MD
- Execute or advise on billing processes: Ensure client is billed on time for work done; monitor client payment, to avoid any working capital charge.
- Monitor job balance and reconcile expenses and fees - match expenses paid to expenses incurred, chargeable expenses to client billings and fees collected to client billings
- Perform or advise on engagement shutdown activities: prepare, review and collect final bill, perform final reconciliations, close job numbers and prepare final reports (Managed both Angola & Mozambique closure)
- Ensure compliance with Accenture financial policies and procedures
- Report directly to Contract Account Lead (MD) and Client Portfolio Finance Lead for Africa
- Liaise with Client Accounts Payable Manager, regarding Receivables/Open Invoices
- Achievement: International exposure in working with different global teams each day
ABSA BUSINESS BANK CREDIT CAPITAL IMPAIRMENT MANAGER (Credit Impairment)
ABSA Bank
04.2010 - 05.2012
- Monthly Consolidation of ABB Watchlist, Monthly Exco Pack preparation (CROC, CRC, CAF Legal, KRI), Attending Credit Committee Meetings, Monthly Analysis Report (Stats & Graphs) preparation for Exco, IFRS 9 Impairment Journal preparation, ABB Client Strategic Sheet updated with commentary, Liaison with Credit Managers & Rfs
- Achievement: Gained experienced in analyzing, managing and reporting on huge excel database
Financial Manager
South African Bank of Athens
01.2008 - 03.2010
- Managed a team of five staff members including an intern; Daily approval and signing of Journals, Monthly Variance Analysis of IS & BS, Monthly Review & Monthly pro forma journal preparation; Consolidate & Prepare Monthly Branch Performance Pack reported to CFO & Head of Retail Bank; Monthly IFRS Pack preparation & Reporting to Greece (Parent Co.); Quarterly & Annual US GAAP Pack Preparation & Reporting to Greece; Liaison with KPMG Auditors for Year End Annual Audits and Finalized AFS; Annual CAPEX & OPEX Budgeting for Greece, Preparing & Submitting the Bank’s Monthly Vat and Annual Income Tax Returns, Review Samos & NASTRO Reconciliation.
- Achievement: Team supervisory management; & finalizing AFS for sign off and printing
SAICA TOPP Articles
ABSA Bank
01.2005 - 12.2007
- Monthly Journal Process, Creditors & Debtors Reconciliation, Monthly Variance Analysis; Transfer price Monthly monitoring and reporting, Compilation of Monthly Board Packs; At ABSA Capital Monitor & update System with new & old Preference Share Investor, Monitor Prime Rate changes, for all Variable rate deals, Monitor Bloomberg share prices, for all affected Securities held, Prepare letters for Clients receiving Dividends; gained Insurance Accounting (IFRS 17) experience at ABSA Short Term Insurance Accounting (IFRS 17). Audited Auckland Park Absa Branch for Compliance; ABSA Call Center for compliance and AVAF asset verification as part of Internal Audit.
- Achievement: SAICA TOPP Article sign off
Education
Effective Directorship
Stellenbosch Graduate Institute
Stellenbosch 06.2021
SAIPA MEMBERSHIP - Prof. Qualification / Accreditation
Registered South African Institute Professional Accountant
01.2011
B.com - Honours in Accounting - CTA
University of KZN
01.2004
B.com - Financial Accounting
University of Cape Town
01.2002
Skills
Excel 15 to 20 years Rank: Advanced
SAP 5 to 10 years Rank: Advanced
SAGE Evolution 2 to 3 years Rank: Advanced
Team Supervisory and Management 17 years Rank: Advanced
Financial Budget and Planning 20 years Rank: Advanced
Financial Forecasting and Variance Analysis 20 years Rank: Advanced
Contract/Project Financial Management 9 years Rank: Advanced
Direct and Indirect Tax Computing and Reporting 16 years Rank: Advanced
Management Accounts Reporting 20 years Rank: Advanced
AFS Reporting 10 - 20 years Rank: Advanced
Certification
CFM TRAINING | Accenture In-house Contract Management Training - 2012 Accenture Prague
References
- Sipho, Khoza, Interim CEO, 012 671 2700, Denel Dynamics
- Nitesh, Singh, Managing Director, 083 327 6120, Accenture CMT
- Lardo, Erasmus, Head – Impairments, 083 611 3434, ABSA Business Bank
Personal Information
- ID Number: 7809145372089
- Date of Birth: 1978-09-14
- Nationality: South African
- Race: African
- SAIPA Practice No: 26430
- Location: Centurion
- Contact Number: 0658248602
- Gender: Male
- Notice Period: 30 Days
- Email Address: martin7818@gmail.com
Accomplishments
- Decreased Healthgarde (FMCG) OPEX by 32% through renegotiation with suppliers, moved into smaller office space, accurate financial modeling, budgeting and process improvements.
- 8 years Consulting & Outsourcing IT project management at Accenture, working with global teams
- Planned, presented and received EXCO approval to initiate asset verification process at Denel
Affiliations
SOUTH AFRICAN INSTITUTE OF PROFESSIONAL ACCOUNTANTS (SAIPA MEMBERSHIP)
Additional Information
Pursuing my MCOM in 2026
Timeline
SENIOR FINANCIAL MANAGER
DENEL DYNAMICS & DENEL AEROSPACE
08.2024 - Current
Financial Specialist
SMOLLAN
12.2023 - 05.2024
Founder & Managing Partner
IIA CONNECTION
06.2022 - 07.2024
Head of Finance
Healthgarde
12.2020 - 05.2022
CFM
Accenture
06.2012 - 11.2020
ABSA BUSINESS BANK CREDIT CAPITAL IMPAIRMENT MANAGER (Credit Impairment)
ABSA Bank
04.2010 - 05.2012
Financial Manager
South African Bank of Athens
01.2008 - 03.2010
SAICA TOPP Articles
ABSA Bank
01.2005 - 12.2007
SAIPA MEMBERSHIP - Prof. Qualification / Accreditation
Registered South African Institute Professional Accountant
B.com - Honours in Accounting - CTA
University of KZN
B.com - Financial Accounting
University of Cape Town
Effective Directorship
Stellenbosch Graduate Institute