Matebele Monte Mochochoko
Finance Professional
Craighall
Summary
- Monte is a seasoned analyst that has an established track record of working in public and private sector(s) with operations, projects, marketing and financial management experience in the telecommunications, entertainment and media industries. His core competencies include:
- Financial &Strategic Business Planning
- Financial & Management Reporting IFRS
- Interpreting cost drivers, KPIs and benchmarks
- Operating & Working Capital Planning
- Forecasting, Budget Development & Management
- Auditing & Compliance
- Cash Flow Management
- Emerging Markets Development Finance & Deal Structuring Strategies
Overview
25
25
years of professional experience
Work History
Board Director - ALCO (Investment Committee Member)
Alliance Insurance Group Holdings.
09.2024 - Current
- Developing, reviewing, and recommending the annual operating budget to the board for approval.
- Reviewing financial statements for accuracy and timeliness, and presenting them to the full board for an informed understanding of the organization's financial health.
- Developing and monitoring internal controls to safeguard assets and implementing risk management strategies.
- Advising on and developing financial policies to ensure sound financial management practices.
- Overseeing cash flow, managing debt, and providing recommendations on investment strategies to ensure the organization's financial stability.
- Ensuring adherence to federal, state, and other regulatory requirements, including maintaining adequate insurance coverage and filing necessary tax forms.
- Working with external auditors, reviewing audit reports, and recommending the appointment of an external auditor to the board.
- Educating board members on financial matters and providing detailed financial insights to help the full board make informed decisions.
Strategy Execution Manager
Noah's Fx Waves (Pty) Ltd.
01.2017 - Current
- Company Overview: Noah's Fx Waves is a broker that aims to revolutionize online Forex trading in South Africa. NFW is a Trusted & Regulated Broker as well as an authorized and regulated Financial Services Provider.
- Ensure successful Alignment, Prioritization and Execution of strategy within the NFW in line with the established strategy execution methodology
- Pro-actively facilitate organizational strategy development and long term transformation plans for the organization to reach the Wanted Position by establishing and driving strategic initiatives/programs (both growth- and cost) across NFW.
- Noah's Fx Waves is a broker that aims to revolutionize online Forex trading in South Africa. NFW is a Trusted & Regulated Broker as well as an authorized and regulated Financial Services Provider.
Managing Director
Skupiac Group (Pty) Ltd.
10.2012 - Current
- Company Overview: Skupiac sources then structures provision of finance for projects as well as comprehensive transactional advisory services. Our services include from concept to execution.
- Project Finance Advisory
- Transactional Advisory
- Syndication Advisory
- Due Diligence
- Financial Modeling
- Investment Structuring (PIC, Land Bank SA, ABSA Capital, Standard Bank, FDC, Post Bank)
- Acquisition of Equity or Developmental Capital for Micro Finance Institutions and Start-ups
- Business Development and Strategy Execution Management
- Skupiac sources then structures provision of finance for projects as well as comprehensive transactional advisory services. Our services include from concept to execution.
Principal
Crede Capital Partners (Pty) Ltd.
06.2022 - 09.2024
- Company Overview: Skupiac sources then structures provision of finance for projects as well as comprehensive transactional advisory services. Our services include from concept to execution.
- Project Finance Advisory
- Transactional Advisory
- Syndication Advisory
- Due Diligence
- Financial Modeling
- Investment Structuring (PIC, Land Bank SA, ABSA Capital, Standard Bank, FDC, Post Bank)
- Acquisition of Equity or Developmental Capital for Micro Finance Institutions and Start-ups
- Business Development and Strategy Execution Management
- Skupiac sources then structures provision of finance for projects as well as comprehensive transactional advisory services. Our services include from concept to execution.
Senior Specialist Financial Analysis, Reporting and Projects
Vodacom Group, Ltd.
04.2012 - 06.2013
- Company Overview: An investment holding company that provides communication products and services in South Africa, Tanzania, the Democratic Republic of Congo, Mozambique, and Lesotho with a market cap at about R148.6 billion.
- Review of monthly management Dashboards and preparation of reports for Exco.
- Normalize and standardize financial metrics for a range of Key Performance Indicators - KPIs.
- Model out missing metrics for international subsidiaries that do not properly report financial KPIs.
- Participate in implementation plans to execute HFM project deliverables to schedule and budgets.
- Assess and manage risk throughout the project lifecycle and make adjustments as needed.
- Ensure planned business outcomes are achieved by managing change controls in Oracle HFM.
- Work in conjunction with finance manager to shape and lead the business solution implementation: defining and supervising business architecture, process design and development activities, developing capabilities and performance measurements/KPIs.
- Prepare and distribute senior management reports.
- An investment holding company that provides communication products and services in South Africa, Tanzania, the Democratic Republic of Congo, Mozambique, and Lesotho with a market cap at about R148.6 billion.
Business Analyst & Strategy Consultant
Freelance / Independent
08.2011 - 02.2012
- Company Overview: Established three (3) client relationships that I advise on start up ventures and proper business management e.g. segregation of duties, process flow and improvement and policy formulation.
- Professionally write Business Plans that meet the minimum requirements of Banks and Investors.
- Viability check of business objectives, financial model and examine future plans for expansion.
- Established three (3) client relationships that I advise on start up ventures and proper business management e.g. segregation of duties, process flow and improvement and policy formulation.
Senior Financial Analyst (Venues) Revenue Finance
Premier Exhibitions, Inc.
08.2009 - 07.2010
- Company Overview: A publicly held provider of museum quality touring exhibitions throughout the world. A recognized leader in developing and deploying unique exhibition products for exhibitions centers and non-traditional venues with a market capitalization at about $111.34 million.
- Provided financial control, analysis, reporting, risk management and managed operational staff.
- Conducted project feasibility studies and exploratory valuations for potential venue exhibitions.
- Instrumental in revenue and income growth of 70% over a 10-month period, through both organic growth and in-depth analysis of revenue opportunities within the organization.
- Performed analysis of Route Profitability enabling greater targeting of resources.
- Managed $2 -$5M of revolving expenditures and collections for international exhibition venues.
- Managed the revenue cycle, process optimization, and assured the accounting.
- Prepared contract summary and determine revenue recognition with SAB 104 & EITF - 0021& GAAP.
- Reviewed and explained gross margin (Month-to-Month, Quarter-to-Quarter), as compared to budget.
- Value added analysis of income growth, market share, potential risks of industry and collateral appraisal.
- Analyzed Domestic and International expenses (Profit & Loss effect) of exhibition projects.
- Documented desk procedures, SOX controls as well as perform periodic internal control testing.
- Calculated the allowance for doubtful accounts and recorded bad debt expense.
- Provided support to the monthly forecasting processes, the annual forecasting and budgeting processes.
- Responsible for controlling and growing merchandise sales, incorporating both seasonal and basic product, totaling $3 million sales volume by managing average inventory levels of $30 million.
- Develop and sign off merchandise plans for every venue that deliver the financial KPI targets with monthly reviews and reforecast.
- Led a direct report merchant team of 7 buyers, 2 Product Development Managers and 8 Business Buying Associates through product assortments, pricing strategies, vendor rationalization, global sourcing and cost negotiations and coached and mentored an extended team of 9 across Planning, Marketing, Venues Marketing, Finance and Supply Chain.
- Facilitated bi-monthly meetings with vendors in buying negotiations and to align on current and future business strategies.
- Resigned from Premier for medical reasons.
- A publicly held provider of museum quality touring exhibitions throughout the world. A recognized leader in developing and deploying unique exhibition products for exhibitions centers and non-traditional venues with a market capitalization at about $111.34 million.
Board Director & Secretary
Neighborhood Housing Services of Jamaica, Inc.
04.2006 - 08.2009
- Explore external funding opportunities for housing finance/development and other sponsored projects on submission policies, award requirements, and regulations.
- Proven record in conceiving and transmitting vision into reality, mission into action and philosophy into practice.
- Strategic planning expertise combines with dynamic leadership, resulting in the efficient operation of organizational programs.
- Focused problem solver who identifies organizational needs and delivers effective solutions on time and under budget in both nonprofit and business environments.
- Recruiting, mentoring and supervising staff in the delivery of quality programs.
- Development and facilitation of staff development training and other workshops.
- Adept at fostering cooperation and building successful cross-functional team relationships at all levels in multicultural environments.
- Planning and administration of all financial and budgeting activities related to program operations, including preparation of audits and financial reports as well as securing grant funding.
- Experienced in designing and managing innovative programs that achieve organizational goals.
- Effective in developing community partnerships and building awareness for organizational activities through public relations, fundraising and outreach efforts.
Senior Accountant & Division Controller
Young Broadcasting, Inc.
06.2005 - 12.2008
- Company Overview: Prepare consolidated financial statements for this publicly held $2B media/broadcasting company. Oversee financial management functions, including submission of monthly financial statements and financial forecasts for 10 Television station subsidiaries.
- Managed monthly financial consolidation of 10 television stations subsidiaries at corporate.
- Intercompany analysis and reconciliation of 10 television stations subsidiaries at corporate.
- Managed treasury activity (cash flow) and determined interest payments due to corporate.
- Reconciled the Management Accounts to Financials on a monthly basis.
- Provide commentary on financial results, implications and advise on corrective action.
- Consolidated accounts receivable, headcount, and capital expenditures schedules for audits.
- Prepared draft corporate Profit & Loss and Balance Sheet financial statements for the close.
- Lead the budget and quarterly forecast process, participated in formulation of business objectives and financial plans.
- Prepared detailed expense analysis and variance analysis for the annual budget process.
- Assist with preparation and review of Form 10Q and 10K prior to filing for SEC reporting.
- Prepared backup items on the client assist list for audit process in accordance with SOX.
- Left Young Broadcasting due to corporate restructuring and to pursue master degree.
- Prepare consolidated financial statements for this publicly held $2B media/broadcasting company. Oversee financial management functions, including submission of monthly financial statements and financial forecasts for 10 Television station subsidiaries.
Accountant - Government Grants & Contracts
Neighborhood Housing Services of NYC, Inc.
08.2002 - 05.2005
- Company Overview: Managed grants & contracts portfolio and administration policies for this community development financial institution (CDFI) non-profit organization 501 (c) 3 comprised of 7 subsidiaries that through financial empowerment and affordable lending, enables individuals and families to invest in, preserve and improve their Neighborhoods, their Homes and their Future.
- Managed corporate fund requests according to contract guidelines for usage of restricted/non-restricted revenue.
- Managed $2 million grants & contracts budget - worked closely with director of contracts and controller.
- Prepared modifications, reviewed quarterly financial reports prepared by sites then consolidated to one schedule.
- Modified contracts budget-documented the impact of contract terminations on salaries and other operating costs.
- Actively participated at the annual forecasting, planning and budgeting meetings with the executive director.
- Analyzed credit information in order to determine risk involved in lending money to customers.
- Managed a $250,000 revolving loan fund used to finance small housing development and renovation projects.
- Helped homeowners secure loans up to $2 million (average $300,000) for everything from renovations, refinance and major storefront building purchases. Support clients through all stages of the lending process from originating deals to assisting with applications, conducting financial analyses, underwriting and structuring loans, preparing documents for loan approval, and presenting proposals to the loan committees.
- Helped maintain the quality of the loan portfolio, and ensure consistency of underwriting standards. After loans are approved, prepare and review closing documents, lead closings, continue to monitor borrower's financial and organizational health through periodic reporting, data management and client contact, monitor collateral, recommend action and restructure loans when necessary.
- Managed grants & contracts portfolio and administration policies for this community development financial institution (CDFI) non-profit organization 501 (c) 3 comprised of 7 subsidiaries that through financial empowerment and affordable lending, enables individuals and families to invest in, preserve and improve their Neighborhoods, their Homes and their Future.
Financial Advisor Assistant
American Express Financial Advisors
03.2001 - 08.2002
- Company Overview: Multinational financial services corporation that helps clients to maintain the desired balances of investment income, capital gains, and acceptable level of risk by using proper asset allocation.
- Assisted in analyzing clients' financial status, developing financial plan based on analysis of data, and discussed financial options with advisor.
- Prepared files and compiled documents to implement plan/s selected by clients.
- Maintained contact with client on behalf of advisor to follow up or revise plan based on modified needs of client or changes in investment market.
- Multinational financial services corporation that helps clients to maintain the desired balances of investment income, capital gains, and acceptable level of risk by using proper asset allocation.
Education
Master of Science - Leadership
Northeastern University
Boston, MA04.2010
Investment Banking Certificate - Valuation, LBO Modeling, M&A Modeling
Investment Banking Institute
12.2007
Bachelor of Science - Business Administration - Finance
City University of New York at York College
New York, NY06.2003
High School Diploma - Matric Equivalent
United Nations International School
New York, NY06.1998
Skills
- Project management
- Contract management
Board Positions
- Board Director - ALCO (Investment Committee Member), Alliance Insurance Group Holdings., Maseru, Lesotho, 2024-09-01, current, Budgeting & Financial Planning: Developing, reviewing, and recommending the annual operating budget to the board for approval., Financial Reporting & Oversight: Reviewing financial statements for accuracy and timeliness, and presenting them to the full board for an informed understanding of the organization's financial health., Internal Controls & Risk Management: Developing and monitoring internal controls to safeguard assets and implementing risk management strategies., Policy Development: Advising on and developing financial policies to ensure sound financial management practices., Monitoring Cash Flow & Investments: Overseeing cash flow, managing debt, and providing recommendations on investment strategies to ensure the organization's financial stability., Ensuring Compliance: Ensuring adherence to federal, state, and other regulatory requirements, including maintaining adequate insurance coverage and filing necessary tax forms., External Audits: Working with external auditors, reviewing audit reports, and recommending the appointment of an external auditor to the board., Advising the Board: Educating board members on financial matters and providing detailed financial insights to help the full board make informed decisions.
- Board Director & Secretary, Neighborhood Housing Services of Jamaica, Inc., New York, NY, USA, 2006-04-01, 2009-08-01, Explore external funding opportunities for housing finance/development and other sponsored projects on submission policies, award requirements, and regulations., Operations Management: Proven record in conceiving and transmitting vision into reality, mission into action and philosophy into practice. Strategic planning expertise combines with dynamic leadership, resulting in the efficient operation of organizational programs. Focused problem solver who identifies organizational needs and delivers effective solutions on time and under budget in both nonprofit and business environments., Human Resources/Training: Recruiting, mentoring and supervising staff in the delivery of quality programs. Development and facilitation of staff development training and other workshops. Adept at fostering cooperation and building successful cross-functional team relationships at all levels in multicultural environments., Fiscal & Grant Management: Planning and administration of all financial and budgeting activities related to program operations, including preparation of audits and financial reports as well as securing grant funding., Program Development/Community Relations: Experienced in designing and managing innovative programs that achieve organizational goals. Effective in developing community partnerships and building awareness for organizational activities through public relations, fundraising and outreach efforts.
First Names
Matebele Monte
Contact Numbers - Cell
+27 79 067 5269
mmochochoko@gmail.com, monte@skupiac.com
Personal Information
- Availability: South Africa, Lesotho, United States of America
- Nationality: South African
Awards
- State of New York Legislative Resolution, 2009-04-01, Outstanding Community Service and Leadership
- New York City Council Citation, 2009-04-01, Exemplary Service to the Community through Participation in a Voluntary Program
- Neighborhood Housing Services of Jamaica, Inc., 2009-04-01, The Key to Affordable Homeownership for outstanding service to the community
References
- Ben Verhoef, Director - Property Advisory Services, CRESCO, +27 83 325 0728, ben@crescopf.co.za
- Merafe Ramono, Director - Shareholder, GILGAL, +27 83 362 1366, merafe@gilgal.biz
- Michael Kronenfeld, Director, +1 917 584 7777, mikekronenfeld@gmail.com
Timeline
Board Director - ALCO (Investment Committee Member)
Alliance Insurance Group Holdings.
09.2024 - Current
Principal
Crede Capital Partners (Pty) Ltd.
06.2022 - 09.2024
Strategy Execution Manager
Noah's Fx Waves (Pty) Ltd.
01.2017 - Current
Managing Director
Skupiac Group (Pty) Ltd.
10.2012 - Current
Senior Specialist Financial Analysis, Reporting and Projects
Vodacom Group, Ltd.
04.2012 - 06.2013
Business Analyst & Strategy Consultant
Freelance / Independent
08.2011 - 02.2012
Senior Financial Analyst (Venues) Revenue Finance
Premier Exhibitions, Inc.
08.2009 - 07.2010
Board Director & Secretary
Neighborhood Housing Services of Jamaica, Inc.
04.2006 - 08.2009
Senior Accountant & Division Controller
Young Broadcasting, Inc.
06.2005 - 12.2008
Accountant - Government Grants & Contracts
Neighborhood Housing Services of NYC, Inc.
08.2002 - 05.2005
Financial Advisor Assistant
American Express Financial Advisors
03.2001 - 08.2002
Investment Banking Certificate - Valuation, LBO Modeling, M&A Modeling
Investment Banking Institute
Bachelor of Science - Business Administration - Finance
City University of New York at York College
High School Diploma - Matric Equivalent
United Nations International School
Master of Science - Leadership
Northeastern University
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