Mkhacani Caswell Mahumani
Acting Finance Manager
Alberton North,GP
Summary
Business-minded Accountant promoting more than 11 years of expertise overseeing transactions and reconciling monthly financial reports. Highly collaborative individual with track record of effectively training and coaching staff members. Offering confidence, team contribution and decision making skills.
Overview
11
11
years of professional experience
Work History
Acting Finance Manager
Rixaka Funeral Services
03.2024 - Current
- Initiate, develop, implement, streamline, and maintain the necessary financial strategies, policies and procedures within the company to effectively manage finances overall;
- Develop annual budgets in collaboration with the Managing Directors and General Managers;
- Produce financial reports detailing actual expenditure against forecast to agreed timescales;
- Adjust the approved budget under directive from the Managing Director and/or in response to variances between planned and actual expenditure;
- Reconcile control accounts on Balance Sheets;
- Prepare monthly management accounts, budgets, and reports against budget;
- Report any variances and action taken to appropriate Management and authorities;
- Produce annual financial reports and statements to agreed time frames to comply with the requirements of the Group and the South African legal framework
- Prepare audit files of annual financial statements for the company and liaise with external auditors and Group Finance on the conduct of annual audit exercise;
- Ensure that all queries raised by the auditors and internal control unit during audit exercise and routine checks are resolved promptly;
- Ensure effective management and control of inventory system, fixed assets, Collections and Receivables as well as procurement activities are maintained as efficiently as possible;
- Liaise with bank managers for updates on banking transactions of the company;
- Manage the payroll system and ensure that payments are made to individuals, SARS, UIF, and any other statutory payments, benefit schemes, etc. as may be required;
- Lead on tax planning, including VAT related matters;
- Keep the Managing Director, General Managers, and all budget holders informed and fully aware of all financial related matters that may impact on the business units on a daily, weekly, monthly, quarterly, and annual basis;
- Ensure financial governance, internal controls and compliance to the Group’s standards and reporting requirements are achieved in the specific timelines;
- Ensure effective cash flow management to ensure attainment of organisational targets;
- Ensure that all balance sheet reconciliations are produced on an accurate and timely basis to include bank reconciliations, debtors, creditors, and inter-company accounts;
- Ensure Asset Registers are maintained and accurately reported for all branches;
- Review capital expenditure and forecasts to ensure alignment with business strategy and to optimize return on investment;
- Ensure compliance with all statutory requirements relating to financial control, financial management and accounting;
- Monitor competitor activity and stay updated about latest industry trends;
- Ensure the integrity and security of data and information held on the finance management system and its related files;
- Maintain an accurate filing and documentation recovery system to allow for easy future reference (General Admin and Filing);
Bookkeeper
Rixaka Funerals services
12.2021 - Current
- Ensure that all payments are processed and made in accordance with existing payments approval processes as stipulated in the approved Financial Policy and Procedure Manual
- Maintain chart of accounts, cost and expense analysis and reports for all branches;
- Ensure that invoices, receipts, and expenses are correctly captured on Financial reporting application;
- Verify that transactions are recorded in the correct suppliers’ ledger, customer ledger, general ledger, and other ledgers;
- Enable the working environment to ensure that weekly payment schedules compiled;
- Process financial journals, and process and reconcile bank accounts;
- Ensure that the preparation and submission VAT and PAYE e-Filing returns is done timeously;
- Make use of the SARS e-filing system and responding to queries raised by SARS;
- Prepare weekly and monthly cash flow projections;
- Ensure proper maintenance Fixed Asset register and depreciation schedules;
- Maintain Periodic Petty Cash management and reconciliation;
- Reconcile all control accounts on balance sheet;
- Prepare monthly management accounts, budgets, and reports against budget;
- Assist with the management of the payroll system , ensuring that payments are made to individuals, SARS, UIF, and any other statutory payments, benefit schemes, etc. as may be required;
- Ensure financial governance, internal controls and compliance to the Group’s standards and reporting requirements are achieved in the specific timelines;
- Review all monthly schedules and keep appropriate records and documentations;
- Obtain, collate, and submit information for quarterly returns;
- Maintain an accurate filing and documentation recovery system to allow for easy future reference (General Admin and Filing);
- Ensure the integrity and security of data and information held on the finance management system and its related files;
- Provide professional service to all clients;
- Posted daily receipts and payments in accordance with corporate protocols.
- Communicated proactively with team members regarding any issues or concerns related to bookkeeping tasks.
- Prepared monthly bank reconciliations to ensure accurate representation of company''s financial position.
- Reconciled and corrected issues with financial records.
- Tracked expenses and income for businesses while organizing and maintaining bank statements for checking accounts.
- Improved financial accuracy by reconciling accounts and identifying discrepancies in financial records.
- Completed payroll for employees and maintained detailed records of procedures.
Junior Accountant
Tshwane Rapid Transit Pty (Ltd)
10.2014 - 11.2021
- Capture weekly petty cash on the Sage Evolution ERP System
- Monthly reconciliation of all Balance sheet items
- Reconcile accrual account and process adjustments on the monthly basis
- Ensure that all payments are allocated to the relevant account and agrees to the general
- Maintain the Fixed Assets register
- Assisting with the preparation of monthly financial statements
- Assist in processing of balance sheet, income statements and other financial statements
- Prepared journal entries and entered into system using
- Prepared bank reconciliations on a monthly basis to identify potential discrepancies between company records and bank statements.
- Assisted with preparation of monthly financial statements.
- Compiled and analyzed financial information to prepare entries for general ledger accounts.
- Increased efficiency in accounts payable processing by verifying vendor invoices against purchase orders and contracts.
- Managed supplier accounts and built lasting relationships with suppliers.
- Provided support during audits by gathering requested documentation and answering questions from auditors.
- Reduced errors in financial reporting through meticulous review and analysis of documents.
- Supported inventory control measures by performing physical counts and reconciling discrepancies.
- Reduced discrepancies in accounts payable and receivable through diligent tracking and follow-up.
- Assisted in budget preparation, ensuring alignment with financial goals and constraints.
- Improved efficiency in invoice processing, leading to timely payments and better cash flow management.
- Supported senior accountants in complex financial analysis projects, contributing to strategic decisions.
- Assisted in developing internal controls, significantly mitigating risk of errors and fraud.
- Provided journal entries and performed accounting on accrual basis.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
Education
Honours - Compliance Management
University of Johannesburg
01.2020
Certificate - Money Laundering
University of Johannesburg
01.2020
Certificate - Board Governance
University of Johannesburg
01.2020
Certificate - Compliance Management
University of Johannesburg
01.2019
Bachelor's Degree - BCOM Accounting Degree
University of Limpopo
01.2013
Skills
Report Writing (Extensive Application Knowledge of Excel, Word and Power Point)
Presentation skills
Technical Knowledge and Maintenance management
Labour Relations and Basic conditions of Employment Act and other company policies & Procedures
Planning, Organising & Controlling
Projects management
Financial management, Budgeting & Cost Control
Strategic management
Quality management
Financial management
Budget forecasting
Strategic planning
Cash flow management
Financial analysis
Regulatory compliance
References
- Tshepo, Cindi, Technical Manager, tshepoc@tshwanetransit.net, 102 323 1755, 076 243 5112, Tshwane Rapid Transit
- Jabulani, Komane, Operations Manager, jabulani@rixaka.co.a, 065 824 1009, Rixaka Funeral
- Maureen, Lebethe, Human Resources Manager, maureen@rixaka.co.za, 065 829 5826, Rixaka Funeral services
Additional Documents
Available on request
Timeline
Acting Finance Manager
Rixaka Funeral Services
03.2024 - Current
Bookkeeper
Rixaka Funerals services
12.2021 - Current
Junior Accountant
Tshwane Rapid Transit Pty (Ltd)
10.2014 - 11.2021
Certificate - Money Laundering
University of Johannesburg
Certificate - Compliance Management
University of Johannesburg
Bachelor's Degree - BCOM Accounting Degree
University of Limpopo
Honours - Compliance Management
University of Johannesburg
Certificate - Board Governance
University of Johannesburg