Summary
Overview
Work History
Education
Skills
Software
Timeline
Hi, I’m

Mbali Msomi

Accountant
Durban

Summary

To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills. Excellent reputation for resolving problems and improving customer satisfaction. Dedicated Financial & Accounting professional with history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand. Detail-oriented Accountant with over 12 years effectively maintaining accurate accounting information for large-scale financial organizations. History working as part of financial team to manage diverse financial functions, tax management and reporting. Works closely with executive management on complex mergers and acquisitions and divestitures. Adept at managing budgets, payroll, invoicing and general accounting functions. Instrumental in keeping business operations fully compliant and working within budgetary guidelines. Resourceful Accounting professional with 8 years of experience in audit preparation and reporting.

Overview

21
years of professional experience
11
years of post-secondary education

Work History

Vital Corporate Consulting
Durban North

Accountant/ BEE Consultant
02.2019 - Current

Job overview

  • Oversee to two units (Accounting & B-BBEE)
  • Used critical thinking to break down problems, evaluate solutions and make decisions
  • Used coordination and planning skills to achieve results according to schedule
  • Led projects and analyzed data to identify opportunities for improvement
  • B-BBEE Transformation implementations
  • Responsible for ensuring compliance as per SA Broad Based Black Economic Empowerment (BBBEE) legislations
  • Drive and Implement transformation strategies
  • Monitor performance of different clients
  • Enforcing B-BBEE verification procedures and ensure adherence thereto including compliance with BEE codes
  • Compiling B-BBEE audit files & Developing BEE Strategy for clients
  • Interpretation of share certificates, Interpretation of job descriptions to improve ownership & management scorecards
  • Oversee to 20 clients files monthly
  • Contributed to financial and operational risk reduction by evaluating effectiveness of controls and subsystems.
  • Investigated daily variances and corrected errors to resolve discrepancies.
  • Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
  • Compiled budget figures by reviewing past budgets, evaluating estimated income, and assessing expenses.
  • Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
  • Analyzed and prepared annual budgets to contain costs, minimize losses and assure compliance with internal controls.
  • Used double-entry accounting methods and check backs to manage daily entries to general ledgers.
  • Reported financial data and updated financial records in ledgers and journals.
  • Input financial data and produced reports using Sage Accounting
  • Delivered exceptional project management and addressed complex business strategy for senior leadership.
  • Reconciled accounts and reviewed expense data, net worth, and assets.
  • Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.

Ntandokazi Strategic Solutions
Durban

Financial Accountant
03.2013 - 02.2019

Job overview

  • Contributed to financial and operational risk reduction by evaluating effectiveness of controls and subsystems.
  • Investigated daily variances and corrected errors to resolve discrepancies.
  • Applied proper codes to invoices, files, and receipts to keep records organized and easily searchable.
  • Organized budget documentation and tracked expenses to maintain tight business controls.
  • Mitigated impacts on financial accounting and business operations by working proactively to identify and resolve strategic concerns.
  • Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
  • Tax computation & filing of SARS returns
  • Payroll administration and SARS preparations
  • Prepare Trial balances for management reporting

Enpower Training Services
Durban

Trainer/ Facilitator & Moderator
06.2017 - 12.2018

Job overview

  • Scheduled and taught in class and online courses to increase learning opportunities
  • Quickly adapted training plans for client needs, keeping timelines, budgets and desires in mind
  • Recruited and trained new members of guest service team
  • Implemented new training courses after assessing corporate data and identifying employee weaknesses
  • Monitored participant workflow and behaviors throughout training process
  • Monitored and reported trainee progress, introducing new learning tools to address individual needs
  • Implemented diverse instructional methods, optimizing trainee engagement
  • Prepared and presented supplementary learning material to support structured lessons
  • Tracked attendance and evaluated progress for assigned trainees
  • Performed continuous evaluations of content and plans to enhance delivery and improve effectiveness.

AQrate KZN
Durban

BBEE Verification Analyst/ Verification Manager
04.2009 - 02.2013

Job overview

  • Monitor the performance of Junior Analysts, by enforcing BEE verification procedures and ensure adherence thereto including compliance with BEE codes
  • Supervising Administrators and Junior Analysts
  • Auditing of companies' BEE status
  • Compiling scorecard
  • Conveying BEE knowledge to clients
  • Interpretation of share certificates, Interpretation of job descriptions
  • Directing client in terms of what evidence is required
  • Verification of evidence as authentic against given standards
  • Calculation of total procurement spend
  • Business development
  • Established team priorities, maintained schedules and monitored performance
  • Developed detailed plans based on broad guidance and direction
  • Used industry expertise, customer service skills and analytical nature to resolve customer concerns and promote loyalty
  • Launched quality assurance practices for each phase of development

Hlombe Project Management
Durban

Project Accountant
03.2008 - 04.2009

Job overview

  • Managing municipality projects governed by MFMA & PFMA to ensure service delivery at prescribed costs
  • General Project Administration duties
  • Distribute project within the team based on skills and capabilities
  • Draw timelines weekly to monitor slow moving projects
  • Project Management Plans
  • Compiling Disaster Management Plans for various municipalities
  • Implementation of project activities
  • Project Budgeting
  • Proposals/ Cost Estimation/ Tender Compilation
  • Preparing management reports for each project
  • Project Invoicing
  • General Accounting duties incl
  • Asset control plan and register
  • Implementing accounting policies
  • Reviewed project employee credentials and approved or rejected account access as appropriate
  • Monitored project costs, developed job cost forecasts, managed cash flow and approved invoices for payment
  • Conducted audits and monitored expenditures to identify potential misuse of funds.

Disability Sport Events
Manchester

Accounts Manager
03.2004 - 03.2008

Job overview

  • Supervision of over 60 staff members, in 9 regions around England including Scotland & Wales
  • Payroll administration of all 9 regions
  • Preparation of presentation for sponsorship funding
  • Conducted site visits to assess the suitability of events venue prior to events taking place and ensuring risks & emergency procedures are in line with regulations
  • Preparing Sales & Purchase ledgers using Sage line 50
  • Preparing events budget together with Events Manager/ Director
  • Compile Cash Flow Projection for all events to ensure sufficient funds are available throughout sporting season
  • Computing of Profit/Loss account of all events
  • Preparing management reports on each particular events
  • Preparing regional accounts after an event at regional level
  • Dealing with foreign payments
  • Preparing bank reconciliation and cash flow statements for the events unit
  • Inventory checks and keeping asset register and ensuring proper accountability by events staff
  • Co-ordinating accounts payable, accounts receivables for cash flow management purposes
  • Collaborated with purchasing department to reconcile vendor invoices and facilitate payments
  • Identified partnership opportunities and established favorable business connections
  • Generated financial and operational reports to assist management with business strategy.

HR Management Services
Durban, Kwazulu

Project Administrator
04.2003 - 11.2003

Job overview

  • Record keeping for all projects (plan and co-ordinate all necessary documents)
  • Recruitment, selection and providing HR duties (payroll & leave administration)
  • Prepare monthly payment worksheets
  • Submit monthly project claims in order to ensure enough cash flow
  • Supervise project related employees
  • Maintain time sheets and wage register
  • Prepare weekly wages/ salaries
  • Draw up rota and shift management
  • Maintain notice board and update it
  • Maintain office equipment (ensure machine consumables are enough, servicing is done timeously)
  • Attend to staff grievances & conflict management
  • Delegated assignments based on plans, project needs and knowledge of individual team members
  • Compiled daily field report, detailing all key activities and outlining project progress for stakeholders
  • Executed on-time, under-budget project management on complex financial issues for senior leadership.

NC Maharaj & Co
Durban

Audit Trainee
02.2002 - 03.2003

Job overview

  • Preparing financial statements
  • Computation of tax/ filing tax returns
  • Preparing cash books and general ledgers
  • Auditing of companies
  • Developed understanding of company audit methodology, approach and tools while working under supervision of licensed auditors
  • Reviewed clients' accounting systems and procedures for internal control to assess for compliance and signs of fraud
  • Proofread audit and tax reports and year-end financial statements to verify accuracy
  • Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.

Education

ACCA
England, UK

ACCA from Business & Finance
01.2023 - Current

University Overview

Completed F1- F8, enrolled for professional modules

Assoc With ICBA

Financial Accounting Diploma from Accounting
06.2017 - 05.2019

University Overview

Professional development completed in

ACCA
ACCA Online

Certificate: International Financial Reporting Standards from Accounting
07.2011 - 05.2011

University Overview

Durban University of Technology

Diploma from Project Management
07.2008 - 05.2008

University Overview

Project Management Techniques

University of Natal

B.Com Accounting from Accounting
01.1997 - 04.2001

University Overview

Taxation 3, Accounting 2, Business Law 2, Economics 2 Continuing education in

Umlazi Comprehensive Technical High School

High School Diploma
01.1992 - 05.1996

University Overview

Skills

Training and Developmentundefined

Software

Sage Payroll

Sage Payroll

Draftworx

Caseware

Timeline

ACCA
ACCA from Business & Finance
01.2023 - Current
Accountant/ BEE Consultant
Vital Corporate Consulting
02.2019 - Current
Trainer/ Facilitator & Moderator
Enpower Training Services
06.2017 - 12.2018
Assoc With ICBA
Financial Accounting Diploma from Accounting
06.2017 - 05.2019
Financial Accountant
Ntandokazi Strategic Solutions
03.2013 - 02.2019
ACCA
Certificate: International Financial Reporting Standards from Accounting
07.2011 - 05.2011
BBEE Verification Analyst/ Verification Manager
AQrate KZN
04.2009 - 02.2013
Durban University of Technology
Diploma from Project Management
07.2008 - 05.2008
Project Accountant
Hlombe Project Management
03.2008 - 04.2009
Accounts Manager
Disability Sport Events
03.2004 - 03.2008
Project Administrator
HR Management Services
04.2003 - 11.2003
Audit Trainee
NC Maharaj & Co
02.2002 - 03.2003
University of Natal
B.Com Accounting from Accounting
01.1997 - 04.2001
Umlazi Comprehensive Technical High School
High School Diploma
01.1992 - 05.1996
Mbali MsomiAccountant