Summary
Overview
Work History
Education
Skills
Software
Timeline
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Milan Kara

Milan Kara

Treasury Accountant
Johannesburg,Gauteng

Summary

A Tech-savvy, results-driven and confident individual recognized for providing accurate financial reporting to executive teams and holding companies, creating financial stability and control with exemplary results. Seasoned with over 11 years of experience in financial reporting, processing and allocating financial transactions, cashflow management, corporate bond interest, cross currency swaps, accounts receivable and payable, bank reconciliations, group funding & interest calculations, people management, and budget and forecasting; Milan exceeded executives' expectations by improving the bottom line and achieving financial targets. He maintained accurate financial records, supported finance-related training, and prepared executives for informed decision making by gaining solid business experience at a strategic level, aligning the accounting transactions of the organization to financial principles and legislative policies. Coupled with his analytical thinking and attention to detail, he simply communicated financially driven solutions to a non-financial audience, demonstrating his extraordinary people skills in goal-oriented environments. Along with his trademark of detailed financial reporting, Milan maintained an accurate and efficient environment that consistently delivers.

Overview

15
15
years of professional experience
19
19
years of post-secondary education
1
1
Language

Work History

Treasury Accountant

Super Group Trading
Johannesburg, Sandton
10.2018 - Current


  • Heading the 5 trial balances of Super Group Trading / Super Group Limited / Super Group Holdings / Super Group Africa / Super Group Limited CCIRS
  • Reconciling bank account balances and reporting on cash balances for management
  • Processing and reconciling multiple cash books & investment accounts
  • Collating, capturing and accurately processing journal entries for reporting and reconciliation
  • Heading the processing for inter group bank account transfers daily
  • Validating And rectifying cash flow forecasts for the entire group daily by consolidating and capturing the data
  • Provide reliable, reasonable and accurate projections on cash balances and movements
  • Proposing interbank transfers based on consolidated cash flow forecast and approved the facilitation of the best available funds and facilities
  • Calculating and reporting on interest in variances between forecasted and actual cash flow values
  • Preparing and reconciling payment requisitions prior for structured finance deals, creditors, installment sale
  • Aligning company policies and standards of compliance and legislative accounting policies
  • Improving decision making by preparing monthly management and financial reports, the budgets, and forecasts providing commentary and comparing actuals to budget
  • Analyzing monthly financial results and providing accurate, insightful and timeous financial reporting on operating expenses
  • Capturing and processing once-off payments
  • Preparing and reporting on monthly bank reconciliations
  • Maintaining the department’s KPI and improving productivity by identifying and recommending improvements to systems and processes
  • Establishing and maintaining relationships with corporate area teams and finance teams to ensure consistency, accuracy and timeliness of the accounting process
  • Collating and processing Intercompany loan transactions and administering investment accounts
  • Timeously submitting monthly reporting by processing monthly operating expenses and provision journals on Pastel
  • Addressing and clearing transactions by preparing and reviewing balance sheet reconciliations
  • Preparing and collating annual audit files
  • Reconciling and preparing vat returns via SARS EFiling
  • Capturing and processing accounts to trail balance into Hyperion Financial Management (HFM)
  • Controlling all aspects of business banking, including opening and closing accounts amendments to mandates, loading accounts to cash management aligned to compliance with FICA and legal requirements
  • Processing forex purchases, cross currency interest rate swaps, and local and foreign cashbooks
  • Processing call and CFC accounts
  • Proficient knowledge of the rates regarding JIBAR / LIBOR / EURIBOR / SONIA
  • Preparing SENS Announcements
  • Handling and closing off the accounts payable & accounts receivable
  • Preparing for amortization schedules
  • Supporting internal and external auditors for financial year end and half year end
  • Preparing Budgets & Forecasts for 5 entities
  • Monitoring of forex movements in the group and advising management of improvement areas
  • Inter-Company accounting / Insurance billings

Accountant (Financial Systems & Management Account

SG Agility
Johannesburg, Isando
07.2016 - 09.2018
  • Supporting and motivating team members to reach department targets by identifying opportunities to innovate and enhance finance processes and implement enhancements to realise identified opportunities and add value to the finance team
  • Handled the bookkeeping and processing for all financial transactions until the trail balance
  • Approved invoices, expense claims timeously and in accordance with guidelines and internal controls
  • Forecasted the cashflow daily with reporting and feedback in ZAR and USD
  • Reduced expenses by analyzing and advising on brand expenses, taxation, headcount including comparisons to budget and forecasts
  • Implemented and maintained financial controls and oracle procedures to improve efficiency and financial reporting
  • Reconciled and balanced the sub-ledgers and balance sheet accounts for month-end reporting
  • Administered the month end closing packs for CFO on oracle and HFM
  • Prepared monthly accruals and journals entries and further produced management accounts for branch managers
  • Headed the processing and outcomes of accounts payable, cash management, fixed assets and general ledger modules
  • Investigated and resolved bank issues and accounting discrepancies and irregularities
  • Compiled reports for Middle East Africa heads on cash management and fixed assets
  • Supported with the budget preparation for Middle East Africa
  • Guided and supervised office support department which comprises one supervisor & 7 staff members
  • Ensured SARS deferment’s balance paid as per schedule
  • Maintained and monitored the 3G account billing
  • Supported internal and external auditors for financial year end and half year end
  • Organized and facilitated training on finance systems and processes
  • Accurately maintained general ledgers by collating and allocating transactions
  • Reconciled the general ledger accounts monthly, ensuring timeous clearance of the items reconciled
  • Verified the accuracy of the transactions by reviewing bank reconciliations and correcting variations
  • Reconciled and verified intercompany loan accounts monthly
  • Prepared and submitted monthly VAT returns via e-filing timeously by reconciling the VAT clearing account and following up on outstanding refunds
  • Reconciled and cleared the Debtors Clearing account on a regular basis
  • Updated and distributed the monthly cut-off schedule
  • Collated and prepared the monthly financial packs for executives, including balance cash flow documents and supporting schedules
  • Reviewed the ledgers and identified monthly accruals
  • Ensured adherence to processes and procedures by identifying weaknesses and implementing controls for continuous improvement
  • Provided accounting and administrative assistance
  • Maintained financial accuracy of the portfolios by discussing monthly accruals with executives and collating the necessary amendments
  • Prepared and reviewed preliminary financial statements and submitted to executives.
  • Worked flexible hours across night, weekend and holiday shifts.
  • Identified issues, analyzed information and provided solutions to problems.
  • Used critical thinking to break down problems, evaluate solutions and make decisions.
  • Collaborated with team members to achieve target results.

Accountant

Super Group Micor
Johannesburg, Isando
08.2007 - 09.2018
  • Identical duties performed as above
  • Authorized cheques, FNB Online and IT2 foreign payments
  • Monitored the capturing of accruals monthly
  • Balanced and performed rollovers for disbursements, creditors, and general ledger monthly
  • Prepared accurate balance sheet and management accounts to CFO
  • Processed sales, general ledger entries and disbursements journals monthly
  • Managed the inter-company certificates and documents.
  • Gathered financial information, prepared documents and closed books.
  • Supported monthly reporting analysis to achieve validation of internal reports and to reconcile production operations and general ledger.
  • Handled day-to-day accounting processes to drive financial accuracy.
  • Used advanced software to prepare documents, reports and presentations.

Education

Diploma - Management Accounting (CIMA DIP MA)

CIMA
01.2022 - Current

National Diploma - Financial Accounting

The Institute of Certified Bookkeepers - ICB
10.2018 - Current

Certificate - Xero Advisor Certified

Xero
03.2022 - 03.2022

Certificate - Microsoft Power BI (Introduction) (Edition 2022)

Udemy
02.2022 - 03.2022

Certificate - Digital Mindset

CIMA
11.2020 - 11.2020

Certificate - Business Accounting (Cert BA)

CIMA
01.2019 - 12.2020

Certificate - SQL Bootcamp

Udemy
08.2019 - 08.2019

Certificate - General Management

Amathuba Hub
01.2015 - 12.2017

National Higher Certificate - Accounting Sciences

UNISA
01.2013 - 12.2015

Certificate - Freight Forwarding & Customs Compliance

Metro Minds
01.2012 - 12.2013

Certificate - Bookkeeping With Pastel Partner

Intec College
01.2011 - 12.2011

Certificate - Bookkeeping 1

Damelin
01.2009 - 12.2009

Certificate - Cargo 1, 2, 3

Cargo Learning Academy
01.2008 - 12.2009

Certificate - MS Excel Advanced User

Development HUB
08.2008 - 08.2008

Certificate - Processing Incoming & Outgoing Calls

Cargo Learning Academy
02.2008 - 02.2008

High School Diploma -

Nirvana Secondary High School
Lenasia
01.2000 - 12.2004

Skills

    Oracle EBS

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Software

Oracle EBS

Pastel Evolution

Hyperion Financial Management (HFM)

MS Power BI

Xero

Timeline

Certificate - Xero Advisor Certified

Xero
03.2022 - 03.2022

Certificate - Microsoft Power BI (Introduction) (Edition 2022)

Udemy
02.2022 - 03.2022

Diploma - Management Accounting (CIMA DIP MA)

CIMA
01.2022 - Current

Certificate - Digital Mindset

CIMA
11.2020 - 11.2020

Certificate - SQL Bootcamp

Udemy
08.2019 - 08.2019

Certificate - Business Accounting (Cert BA)

CIMA
01.2019 - 12.2020

National Diploma - Financial Accounting

The Institute of Certified Bookkeepers - ICB
10.2018 - Current

Treasury Accountant

Super Group Trading
10.2018 - Current

Accountant (Financial Systems & Management Account

SG Agility
07.2016 - 09.2018

Certificate - General Management

Amathuba Hub
01.2015 - 12.2017

National Higher Certificate - Accounting Sciences

UNISA
01.2013 - 12.2015

Certificate - Freight Forwarding & Customs Compliance

Metro Minds
01.2012 - 12.2013

Certificate - Bookkeeping With Pastel Partner

Intec College
01.2011 - 12.2011

Certificate - Bookkeeping 1

Damelin
01.2009 - 12.2009

Certificate - MS Excel Advanced User

Development HUB
08.2008 - 08.2008

Certificate - Processing Incoming & Outgoing Calls

Cargo Learning Academy
02.2008 - 02.2008

Certificate - Cargo 1, 2, 3

Cargo Learning Academy
01.2008 - 12.2009

Accountant

Super Group Micor
08.2007 - 09.2018

High School Diploma -

Nirvana Secondary High School
01.2000 - 12.2004
Milan KaraTreasury Accountant