SAP ERP System
Michael M Shumba
Finance & Accounting
Johannesburg,Gauteng
Summary
Accomplished Finance Manager with a proven track record at ETG Curechem South Africa, adept in financial management and strategic planning. Excelled in optimizing cash flow, enhancing budget management, and mentoring staff, leading to significant cost savings and improved financial health. Skilled in IFRS and internal controls, demonstrating a results-driven approach with a focus on performance analysis, regulatory compliance and business growth.
Overview
8
8
years of professional experience
4
4
years of post-secondary education
Work History
Finance Manager
ETG Curechem South Africa
Johannesburg
06.2022 - Current
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Prepared monthly management accounts and supporting schedules to ensure ledgers are reconciled monthly.
- Engaged with internal and external auditors through the audit process to ensure an improvement approach is taken.
- Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
- Monitored the landed cost module for all import products ensuring all costs for the product are considered before sale for accurate cost of sale.
- Implemented the fixed asset module in the accounting system and monitoring of monthly depreciation, capitalization and disposal.
- Enhanced budget management by implementing expense tracking and cost reduction strategies.
- Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
- Trained new and existing staff members in various financial procedures which strengthen internal controls.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Facilitated effective financial decision-making through insights onto key performance indicators from excel financial dashboards.
- Designed and maintained financial models to identify and measure risks.
Group Reporting Accountant
Alliance Media - Billboard Advertising
Johannesburg
08.2019 - 05.2022
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Management and statutory accounting analysis and commentary.
- Ensuring all revenue and expenses are in the accurate ledger account before sending the reports to the executive team.
- Preparation of monthly management accounts and report on variances as well as business performance analysis.
- Ensuring all intercompany accounts and balance sheet clearing accounts have been reconciled and balanced every month.
- Maintenance of the fixed asset register and running monthly depreciation for the group.
- Preparing cost analysis, estimates, accruals, reclassifications, ad hoc analysis and reporting on the aspects.
- Internal and external audit engagements.
- Analysis of annual budgets in line with the group's strategy.
- Process compliance returns - statutory and regulatory bodies.
Accounts Payable Accountant
Alliance Media - Billboard Advertising
Johannesburg
09.2018 - 07.2019
- Improved invoice processing efficiency by streamlining accounts payable procedures and implementing an automated system for filing.
- Served as a key contact person for external vendors, addressing inquiries on payment statuses promptly and professionally.
- Minimized late payment fees by consistently monitoring due dates and prioritizing payments accordingly.
- Maintenance of all supplier accounts for the respective territory.
- Ensured account is correctly reconciled, processing payment requests and sending remittances to the supplier.
- Ensured accurate expense allocation with diligent review of invoices for proper general ledger coding.
- Facilitated audits by ensuring availability of appropriate documentation, leading to smoother audit processes and minimal findings.
Finance Assistant
Alliance Media - Billboard Advertising
Harare
05.2018 - 08.2018
- Supported the finance team by processing invoices and expense claims promptly and accurately.
- Entered financial data into company accounting system with stringent adherence to data security protocols
- Maintained accurate records of financial transactions in alignment with regulatory requirements.
- Engaged with statutory bodies ZIMRA, NSSA, NEC for compliance as directed by group accounts payable at Head-Office.
- Observed strict confidentiality rules to maintain data integrity and protect clients.
- Provided exceptional customer service when addressing client inquiries related to billing or account status issues.
- Managed office inventory and ordered new supplies when items were running low.
- Visited clients with sales representatives when there are financial queries for swift resolution to enable business flow.
- Reduced discrepancies in accounts receivable by closely monitoring customer payments and following up on overdue balances.
Accounting Intern
Grain Marketing Board
Harare
09.2016 - 09.2017
- Gained hands-on experience with various accounting software programs such as Excel and SAP enhancing overall efficiency in daily tasks.
- Local office record keeping and filling of proper audit packs for future audits.
- Maintenance of petty cash, disbursement, and reconciliations of monthly petty cash expenses.
- Processing of supplier invoices, petty cash receipts and supplier reconciliations together with the payment registers.
- Capturing of bank payments, interest, and bank charges as per bank statement.
- Processing receipts/deposits into the bank against respective customers as per the received remittance advices.
- Collate required vendor information and/or documents as per business policies before creation of a new vendor in the accounting system.
Education
Honors Degree in Accounting - Accounting
National University Of Science And Technology
Bulawayo, Zimbabwe 08.2014 - 05.2018
Business Intelligence And Data Analyst - Business Intelligence And Data Analyst
Corporate Finance Institute
Online Training 01.2024 - Current
Data Science And Artificial Intelligence - Data Science And Artificial Intelligence
Digital Regenesys Business School
Johannesburg, South Africa 07.2024 - Current
Skills
Financial Management
Consolidation Accounting
Cost accounting
Mentoring and training
Internal Controls
Performance Analysis
Regulatory Compliance
Cash Flow Management
Strategic Planning
Financial Analysis
Budget Forecasting
Financial Management
Accomplishments
- Used Microsoft Excel to develop inventory tracking spreadsheets.
- Implemented Fixed Asset Module in SAP for managing depreciation runs, capitalization and disposal.
- Developed asset recognition schedules as per IFRS 16 for Leases with an upload and running in SAP Accounting system.
- Developed sales performance dashboards in excel with performance indicators on sales employee, product group and month trends against budget.
- Integrations sales CRM system with the accounting system.
- Reconciliation of Group Intercompanies using big data analytical skills from inception and maintaining the matrix for intercompany loans.
- Clearing of backlog for submission of Annual Financial Statements for Income Tax purposes and handling audits.
Software
SAGE ERP System
ZOHO CRM
Microsoft Excel
Timeline
Data Science And Artificial Intelligence - Data Science And Artificial Intelligence
Digital Regenesys Business School
07.2024 - Current
Business Intelligence And Data Analyst - Business Intelligence And Data Analyst
Corporate Finance Institute
01.2024 - Current
Finance Manager
ETG Curechem South Africa
06.2022 - Current
Group Reporting Accountant
Alliance Media - Billboard Advertising
08.2019 - 05.2022
Accounts Payable Accountant
Alliance Media - Billboard Advertising
09.2018 - 07.2019
Finance Assistant
Alliance Media - Billboard Advertising
05.2018 - 08.2018
Accounting Intern
Grain Marketing Board
09.2016 - 09.2017
Honors Degree in Accounting - Accounting
National University Of Science And Technology
08.2014 - 05.2018
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