Summary
Overview
Work History
Education
Skills
Timeline
Generic

Mogafe Prince Moloto

Chartered Accountant
Alberton

Summary

Highly effective, goal oriented Finance individual with over 10 years experience. Demonstrated experience of cost calibration, quality analysis that positively influence profitability and cash management. Results-oriented Analyst skillful in managing and breaking down large volumes of information. Proactive at heading off issues in operations, workflow and production by uncovering trends affecting business success. Proactive Finance Manager with strong background in financial analysis, budgeting and forecasting. Develops and implements financial plans and delivers strategic financial advice. Results-driven Finance Manager experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach. Dedicated Finance Executive with 10 years of experience in all areas of finance and investment management. Hands-on leader with strong business acumen and analytical mindset to identify and correct underachieving trends. Systematic Financial Executive experienced in Operational finances. Trained in financial project management, customer service and investment advising. Collaborates closely with clients to optimize specialty financial plans and profitable outcomes. Accomplished Chief Financial Officer highly effective at driving strategic initiatives with solid financial backing. Eager to leverage 10 years of experience in dynamic new. Results-oriented Chief Financial Officer bringing 10 years of experience in Operations. Strong history of achieving both financial and non-financial business goals with effective controls and planning. Industrious Chief Financial Officer versed in compliance, documentation, reporting, and auditing. Demonstrated success in streamlining operations and increasing efficiency. Prepared to leverage 10 years of experience to support operations in new role at Operations. Pragmatic professional with solid experience in leadership roles. Adept at implementing strategic business plans, driving growth and improving operations. Skilled in financial management and stakeholder relations. Collaborative and dedicated to building and leading talented and motivated individuals. Persistent leader eager to lead and grow organizations. Skilled in strategic planning, problem-solving, and communication with good understanding of business principles, project management and team leadership. Collaborative with relentless work ethic. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals. Motivated Director of Finance promoting more than 10 years of proficiency in identifying and analyzing trends and partnering with other departmental leaders. Action-oriented individual with experience tracking actual business results against plans, including acquisitions. Offering exceptional issue resolution and staff training skills.

Overview

9
9
years of professional experience
1
1
year of post-secondary education

Work History

STRATEGIC THINKING
2020.10 - Current
  • Responsible for finance function of largest business unit in Co.X, being IT Solutions
  • Recruited to drive financial processes, improve reporting and drive strategic direction of both finance and operations
  • Forged trusted relationships with all business unit heads and with Chief of IT Solutions as sound board and trusted thinking partner
  • Led the business facing finance team, providing cross- functional support of business decision making, strategy formulation & implementation as well as enabling the business units to meet their financial key performance indicators
  • Member of core team responsible for Co.X strategy that led to reinventing customer experience
  • OPERATIONAL EXCELLENCE
  • Established finance decision support function that led to improved executive decision making, financial planning and analysis, investment management and M&A support
  • Spearheaded investment models to ensure debt repayment, delivered multi million savings and improved equity position
  • TECHNICAL SKILLS
  • Implemented IFRS 15 and IFRS9
  • PROMOTIONS
  • Promoted from financial control to establish finance decision support resulting in increased C suite interaction
  • Selected for and being part of Supersport CEO NextGen Leadership program (8 employees out of Supersport employees)
  • Managing budgets to achieve costs savings of over R300m over 2 Years
  • Present budget and results directly to Group executives
  • Driving Cost savings initiatives of over R45m over 2 Financial years in SSUFC
  • Driving value based budgeting strategy for Marketing area
  • Project lead for tSAP System migration process – to SAP S4HANA
  • Successful take on of SS Schools(new entity) TB and Payroll
  • Being selected to be part Multichoice ignite program(recognises high performing employees across Multichoice Group)
  • First to sign off audit in the Multichoice SA group ( 3 Consecutive years- FY21, FY22, FY23)
  • Reporting to:
  • Head of Finance
  • Name Surname
  • Reason For Leaving:
  • To grow and develop career.

Finance Reporting Analyst, Finance Manager

Afrocentric Investment Corporation Limited
2020.10 - 2022.05
  • The Company is a diversified investment holding company which is listed on the JSE and trades under the Healthcare Sector under code ACT

Management Accountant, Management Accountant / General Ledger and Financial Reporting Manager

DPD Laser Group
2019.05 - 2020.09
  • Driving the financial turnaround of DPDLaser Mauritius (from loss making to profitability within 8 months)
  • Successfully managing Cashflows for DPD Laser SA during Covid Period
  • Development and Implementation of Divisional reporting at Dawn Wing (Division of DPD Laser)
  • Reporting to:
  • HOF
  • Name Surname
  • Reason For Leaving:
  • Covid19 and Growth, 6 Direct reports + 18 Indirect Reports
  • Profitability amd Margin Analysis
  • Preparation of budgets and review of budgets
  • Preparation of Cashflow forecast, both Daily and Monthly
  • Monitoring and Management of the group cash flow position
  • Managing both the creditors and debtors managers to ensure the stability of the cash flow position
  • Daily analysis of the cash flow position, reports the cashflow projection to the CFO and Finance Executive
  • Preparing month-end reports and reviewing them
  • Preparing the management pack and presenting it to the board
  • Analysis of Performance Against Targets
  • Maintenance of PPE
  • Maintenance of the CAPEX budget, and proper CAPEX Approval Process
  • Review of monthly Journals and Recons
  • Preparation of month-end consolidations load Files and loading of the packs into SAP for consolidation purposes
  • Preparation of the CFO report and analysis of the group performance monthly
  • Responsible for Year-end audit and management thereof
  • Review of VAT Recons and ensure accurate fillings
  • Managment of Payroll team
  • Ensuring that employees are added and removed correctly from payroll
  • Ensruing accuracy of inputs into the payroll system
  • Review of Payroll
  • Filing of EMP501 and EMP201
  • Preparation of Year end packs
  • Preparation of Annual financial statements
  • Responsible for statutory and BEE audit
  • Responsible for group BBBEE Scorecard
  • Management of the procurement process

Business Partner

Centrafin Pty Ltd, Centrafin
2017.11 - 2018.10
  • Job was More Project-Based, after completing Project felt underutilized and accepted an offer with Multichoice Africa
  • Reporting to:
  • CFO
  • Name Surname
  • Reason for Leaving:
  • Headhunted by the CFO of DPD Laser
  • Multichoice Africa Group
  • Finance business partner to the operating divisions, servicing 7 divisions in total
  • Preparation of budgets and review of budgets
  • Preparation of monthly finance reports
  • Variance analysis between actuals and budgets
  • Preparation of month-end journals and posting
  • Approval of shopping carts
  • Preparing the management pack and presenting it to the GMs of operating divisions, SPVs
  • Centrafin is a subsidiary of Pinnacle Holdings, it is a finance house that provides financial solutions to end-users in the government and commercial sectors
  • Centrafin Receivable SPVs

Audit Partner, Audit Senior

Ntsaluba
2015.02 - 2017.07
  • Career Advancement
  • Reported to:, Name Surname
  • Sizwe, South Africa)
  • Pinnacle Holdings (Listed on JSE)
  • Pinnacle Holdings Ltd is a JSE listed entity mainly involved in the ICT industry (Information Technology Industry)

Finance Manager

Supersport
  • Reporting, Content Rights & Corporate Support direct reports, 4 indrect reports
  • Preparing / Reviewing business cases for capital expediture
  • New busines opportunities
  • Business Scenario Planning; Negative non-controllable impacts on the business
  • Currency impact on the cost base/ profitability of the business
  • Oversee month end process
  • Oversee the budgeting process
  • Overseeing year end and iInterim audit process
  • Prepration and presentation of monthly reporting decks to management board
  • Monthly finance reporting decks to Group Finance
  • Budget and rolling forecast presentations to Group Finance
  • Monthly rolling cashforecast dashboard
  • Ensuring business goal congruence by bringing different business divisions together in planning and execution
  • Supporting Business Units strategic decision
  • Reviewing contracts to ensure financial risks are addressed
  • Ensuring compliance with SARB cross border payments
  • Ensuring business risk sufficiently insured with the insurers
  • Managing reporting analyst which covers all the functions performed by the reporting analyst listed below
  • Managing the Finance business partners
  • Prepating and Managing budgets
  • Ensuring adherence to process
  • Ensuring adherence to budgets
  • Ensuring commercial thinking in decision making
  • Driving returns on Investments
  • Managing rights Finance team
  • Strict adherence to financial KPIs
  • Ensuring exchange rates risk are covered through FECs and natural hedges from foreign currency inflows
  • Preparing and managing budgets
  • Financial inputs into the tender documents
  • Managing the data within strict confidential parameters
  • Facilities team, ensuring that all vehicles are managed properly
  • Service on time and regularly
  • Fuel Cards are not abused
  • Academy houses have controls and processes
  • Indirect management of the following Finance Shared Services teams to ensure accuracy and quality of different delivables
  • Payroll Inputs
  • Credit Controllers
  • Accounts Payables
  • Banking team
  • Financial Controllers and Accountants
  • Tax Team

Financial Accountant

DPD Laser Group
  • Worked in the office of both the commercial Executive and Finance Executive, assisting in establishing controls and setting up the Mauritius operations
  • The position includes regular
  • Travel to Mauritius and constant communication with the guys on the ground in Mauritius
  • Responsible for mainly two entities within the group, one in which I am responsible for groundwork and the other one where I review and report directly to the Board of Directors
  • Preparation of budgets and review of budgets
  • Preparation of monthly Flash report and review of the same
  • Preparing month-end reports and reviewing them
  • Preparing the management pack and presenting it to the board
  • Setting up the control environment for our Mauritius operations
  • I was also part of a team drafting the turn around strategy for one of the loss-making entities within the group.

Bonitas Marketing Company (Pty) Ltd
  • Bonitas Marketing Proprietary Limited is a subsidiary of Afrocentric Health Limited
  • The company’s primary activities are on sales and marketing initiatives that support and promote the Bonitas brand, membership growth, and broker management
  • Eskom Treasury
  • Eskom treasury is a division of Eskom Holdings SOC Ltd, a state-owned entity producing and distributing electricity
  • Eskom Treasury acts as a bank of Eskom, it is responsible for executing the funding strategy, managing liquidity and managing the different financing risks among the many functions it performs for Eskom Holdings

STANLIB Collective Investment (RF) Ltd
  • The entity designs to market and administers various collective investment schemes
  • The entity operates in the collective investment schemes industry
  • STANLIB Collective Investment Schemes (Mutual Funds)
  • STANLIB SCIL funds are collective investment schemes
  • This fund allows many different investors with common investment goal to pool their money and have it managed by a professional investment manager

Public Investment Corporation, Rentals RF Ltd
  • Internal Auditing)
  • The Public Investment Corporation, a registered financial services provider, is wholly owned by the South African Government, with the Minister of Finance as shareholder representative
  • This corporation invest funds on behalf of public sector entities, based on investment mandates set by each of these clients and approved by the Financial Services Board (FSB)
  • Redink, (Issues Listed Bonds)
  • Redink Rentals RF Limited is a special purpose vehicle (SPV) incorporated to purchase eligible assets with funds raised directly through the issuance of debt instruments
  • The Entity raises the debt through the issue of bonds on the JSE

AKANI Properties Pty Ltd
  • The main activities of the entity are property investment and management
  • The company operates in South Africa other African countries and Europe
  • Morokotso Trust (a division of Impala Platinum mine)
  • The purpose of the Trust is to provide for the promotion of black economic empowerment and to increase broad-based and effective participation in the Impala platinum by black people and to further provide a framework for the incentivization and retention of employees in the Impala Platinum Holdings Limited Group

Education

Eligible to register as CGMA Financial Modelling and Valuation Analyst (FMVA) Certification - undefined

Corporate Finance Institute

Chartered Accountant, CA(SA) since - undefined

South African Institute of Chartered Accountants (SAICA)

Bachelor of Commerce in Accounting - undefined

Nelson Mandela Metropolitan University (NMMU)

B.Com - undefined

Nelson Mandela Metropolitan University (NMMU)

Grade 12 / Senior Certificate - undefined

Ingqayizivele High School

Bachelor of Accounting - undefined

2009.01 - 2010.01

CIMA Chartered Institute of - undefined

Management Accountant

Business Essentials for Executives Program - undefined

The Wharton School – University of Pennsylvania, USA

Skills

Working capital management

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Timeline

STRATEGIC THINKING
2020.10 - Current

Finance Reporting Analyst, Finance Manager

Afrocentric Investment Corporation Limited
2020.10 - 2022.05

Management Accountant, Management Accountant / General Ledger and Financial Reporting Manager

DPD Laser Group
2019.05 - 2020.09

Business Partner

Centrafin Pty Ltd, Centrafin
2017.11 - 2018.10

Audit Partner, Audit Senior

Ntsaluba
2015.02 - 2017.07

Bachelor of Accounting - undefined

2009.01 - 2010.01

Finance Manager

Supersport

Financial Accountant

DPD Laser Group

Bonitas Marketing Company (Pty) Ltd

STANLIB Collective Investment (RF) Ltd

Public Investment Corporation, Rentals RF Ltd

AKANI Properties Pty Ltd

Eligible to register as CGMA Financial Modelling and Valuation Analyst (FMVA) Certification - undefined

Corporate Finance Institute

Chartered Accountant, CA(SA) since - undefined

South African Institute of Chartered Accountants (SAICA)

Bachelor of Commerce in Accounting - undefined

Nelson Mandela Metropolitan University (NMMU)

B.Com - undefined

Nelson Mandela Metropolitan University (NMMU)

Grade 12 / Senior Certificate - undefined

Ingqayizivele High School

CIMA Chartered Institute of - undefined

Management Accountant

Business Essentials for Executives Program - undefined

The Wharton School – University of Pennsylvania, USA
Mogafe Prince MolotoChartered Accountant