Musa Shoan Sumbana

ACompany Overview: Master is an American multinational payment card services corporation. It offers a range of payment transaction processing and other related-payment services

• Direct report, 17 staff member
• Maintenance of client queries which entails daily stakeholder engagements
• Creation of detail Standard Operation Procedural document
• Engagement with Business Unites for numerous countries
• Coordination of month end closure and submission of monthly report
• Researched and resolved discrepancies and complex technical accounting issues.
• Developed and influenced staff and senior accountants using coaching and mentoring techniques.
• Managed and responded to correspondence and inquiries from customers and vendors.

Achievements :Streamlined operations and prioritised task leading to 25% saving due to discounts.

Company Overview: Stryker is one of the world’s leading medical technology companies. Offering innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes

• Direct report, 8 staff member, effective coaching and coordinating the team
• Review and approval of Vendor set up
• Vendor master data maintenance
• Review of PO’s before its sent for approval – SCM process
• Review and approval of payment – Included reviewing and approval of payment recons and the overall batches
• Intercompany Company Reconciliation and Biweekly Foreign Payments
• Co-ordinating Audit for all AP related expenses including Travel Expenses
• Attending to all intercompany related issues and queries from Inter Company Partners
• Oversight of the freight and normal invoice booking process and approvals
• Preparing monthly Spend and Trend analysis to flag unrecorded expense for the month (AP spend report);
• VAT Analysis – address miss posting by AP Team that may result in non-compliance with SARS
• Relation Manager between Solugrowth and Stryker (client) includes compiling KPI’s
• Attending to all AP related issues and queries raised with the team
• AP query resolution
• Management of Statutory and Management submissions
• Stakeholder engagement both locally and globally
• Journals – Accrual and Reclassification
• Data Migration Coordination between current ERP system to a new system
• Direct Report, 4 account receivables administrators
• Managing Accounts Receivables team daily demands
• Collection management, including reviewing and processing credit memos or revised invoices
• Completion of Unallocated receipts reconciliation
• Preparing Unallocated Receipts Recon
• Prepare & submission of SAMED Report (monthly)
• Customer Letter of demands and promise to pay agreement (to be implemented)
• Resolve client’s invoice related queries supported by local finance
• Customer liaison and visits
• Overdue account tracking
• Stryker is one of the world’s leading medical technology companies
• Coached team members in techniques necessary to complete job tasks.

Achievements: Team achieved an Exceptional Performance Rating

Company Overview: State owned company its leading provider of electronic communications network services to the country’s broadcasting and communications industry

• Direct report, 8 Accounts payable controllers including a Supervisor
• Compiling month end, quarterly, half year and annual Reports
• Monitoring 30 Day Compliance report as per legislation
• Report on Irregular Expenditure and Fruitless Expenditure
• Bi-Annual draft of Accounts Payable policy
• Verified that all Accounting Policies were being followed including keeping formal records of authorised signatures
• Maintenance of GRN, Age Analysis and payments
• Implementing IFRIS 16 pertaining to leases
• Month end accruals and provisions
• Verified that all Accounting Policies were being followed including keeping formal records of authorised signatures
• Assisted both internal and external auditors in carrying out their tasks
• Constantly identify innovative ways of improving AP workflow
• Interrogated Tender documents related to payments for any irregularities
• Identified problem areas which led to the realignment of the department to be more consistent with 'best practices'
• Compiling companies BBBEE spend report
• Providing applicable training, including SAP
• Ensured customer satisfaction both Internal and External Stakeholders
• Ability to manage effectively a diverse team with diverse backgrounds
• Mentor, coach and develop team members and support workplace knowledge
• Ensures that valid supporting documents attached to invoices for processing, expenditure is properly approved and that the correct supplier and general ledger accounts for cost or asset allocation have been inserted.
• Cross-trained existing employees to maximize team agility and performance.

Achievements: Moved two positions in a space of 4 years Clerk -Supervisor – Manager

• Tracked expenses and income for businesses while organizing and maintaining bank statements for checking accounts.
• Reviewed and filed financial documents, coded accounting entries for data processing, and posted daily receipts and payments in accordance with all corporate protocols.
• Maintained and processed invoices, deposits, and money logs.
• Completed SARS tax forms in compliance with legal regulations.
• Posted daily receipts and payments in accordance with corporate protocols.
• Inspected account books and recorded transactions.
• Reduced financial discrepancies, effectively reconciling bank accounts and organizing information into accounting software.

• Devised collection recovery strategies to resolve customer issues and delinquent cases.
• Reduced past due balances and bad debt by coordinating collection efforts with customer service, sales and billing departments.
• Established and maintained customer and staff policies.
• Performed checks of customer creditworthiness and current situations.
• Performed semi-annual account credit limit reviews and credit increase review requests from financial service and sales teams.
• Obtained payments and entered details into system.
• Closely monitored accounts to post timely payments and resolve billing discrepancies.
• Developed reports for senior management to outline expenditures, vendor spend and forecasting.

• Evaluate the creditworthiness of potential and existing clients by analyzing financial statements, credit reports, and payment histories.
• Establish and review credit limits for customers, ensuring they align with the company’s risk management policies
• Oversee the collection of outstanding invoices, following up with clients through calls, emails, and letters to ensure timely payment
• Prepare regular reports on receivables, cash flow forecasts, and aging reports to provide insights into the company’s financial health and credit control performance.