Netsiwell Mahuni
Financial Administrative Manager
Johannesburg,GP
Summary
A qualified and experienced finance executive with an in-depth knowledge of contracts, projects, management accounting, effective management controls and sustainable developments. Over the years I have developed skills and knowledge to become an effective finance and business professional. I am equipped with skills for the identification, generation, presentation, interpretation and use of relevant information to inform strategic decisions and formulate business strategy, plan long, medium and short-run operations, determine capital structure and fund that structure, design reward strategies, inform operational decisions, control operations and ensure the efficient use of resources, measure and report financial and non-financial performance to management and other stakeholders, safeguard tangible and intangible assets, implement corporate governance procedures, risk management and internal controls.
Financial professional prepared for role with focus on financial administration and management. Brings history of optimizing financial processes and ensuring compliance with regulations. Known for excellent team collaboration and delivering consistent results.
Overview
37
37
years of professional experience
1
1
Language
Work History
Financial Administrative Manager
iOCO SBT
10.2024 - Current
- Providing financial skills support to the business.
- Supporting the annual budgeting process, monitoring actual performance vs. budgets and analysing variances.
- Managing WIP projects; monitoring project tracker and revenue files, project approvals, purchase order approvals, WIP workings and revenue recognition, ensuring compliance with financial policies and IFRS standards.
- Managing internal billing systems and helping streamline client billing, collections, and reporting.
- Approving requests and process adjustment journals. Reviewing and approving monthly balance sheet reconciliations. Addressing and resolving reconciling items or discrepancies, ensuring proper documentation and audit trail for all reconciliations.
- Driving process improvements to enhance the efficiency and effectiveness of the Balance Sheet reconciliation process.
- Managing month-end and financial reporting, oversee the preparation and review of the trial balance for accuracy and completeness. Investigating and resolving discrepancies in a timely manner.
- Ensuring adherence to relevant accounting standards, regulatory requirements, and internal controls. Overseeing the preparation and posting of accurate and timely month-end journal entries and submitting monthly management accounts to senior management.
- Managing contract assets and liabilities, monthly balancing and release to income statement. Managing ERF adjustments, making provision for onerous contracts and WIP contract assets.
- Overseeing warehouse controls and assisting in managing boot-stock take, continuously identifying and implementing process improvements.
- Managing monthly commission file (calculations, provision and payments) for the Sales team.
- Managing debtors’ specific provision (from AR) and approving credit note requests.
- Managing procurement reporting line (PO’s, receipting and booking of other costs to projects). Ensuring the team acts as key approvers for purchase orders, ensuring accuracy and alignment with budgetary controls. Provide training and guidance to the team on PO policies and processes. Monitoring turnaround times for PO approvals and addressing delays.
- Managing the Pay Card management system, the issuing of new bank cards by the bank to key staff for project related purchases, ensuring timely reconciliation and replenishment of funds thereof.
- Attending to internal and external Audit requests and managing the process (ensuring issues raised are resolved within the agreed time frame).
Owner/Managing Director
Netrum Bedding Zimbabwe
12.2022 - 09.2024
- Managing operations and finance requirements of an SME in a bed manufacturing environment.
Senior Project/Contract Accountant
NEXTEC SBT
09.2014 - 11.2022
- Managing the contract database and all associated files, preparing and distributing reports and statistical data to facilitate: Budgeting, Planning and Control.
- Maintenance of accurate contract records and files, Bill of Materials and profit margin analysis.
- Progress billings and contractual stage invoicing, Revenue recognition process and Profitability analysis.
- Managing registration and administration of contracts and projects in the INFOR Accounting system including revenue recognition, billing plans and projects closures.
- Managing Order Intake and project commencement.
- Managing data input regarding contracts, billing plans and ensuring that supporting documents comply with ISO Certified Process.
- Management of Net Investments in Fixed Liabilities (assets on rentals/leases).
- Managing billings and all documentation associated with invoicing.
- Monitoring expenses incurred against projects, maintenance of audit trail and resolution of queries.
Owner/Management Accountant
Netrum Bedding RSA
07.2013 - 08.2014
- Managing operations and finance requirements of an SME in a bed manufacturing environment.
Contracts Controller
EOH (Formally Stanley Security Solutions)
07.2006 - 04.2013
- Accounting for outright sales, rentals, maintenance and license deals; working closely with Sales, Project and Service Teams.
- Managing input of contract data on the ERP system (SAGE). Analysing deals for profitability and performance management, assisting sales and projects teams on margin improvements.
- Managing accounting of leased assets (Net Investment in Fixed Liabilities), managing closing procedure of all projects, running periodic billings, work-in progress billings, assisting with calculation of liquidated damages on premature cancellations of contracts.
- Managing the billing and invoicing processes of both contractual and out-right projects including progress billings as required.
- Reporting on daily company performance based on Customer Contract Base, Future Contracted Revenue, Daily Orders (in bound business) and then actual sales.
- Managing reconciliation of work-in-process (backlog, additions and cancellations), monthly performance reports, assisting on monthly closing activities: journals, balance sheet reconciliations and other monthly reconciliations and ad hoc reports.
- Managing the contracts intent, compliance, keeping track of delivery and performance, ensuring service is delivered as agreed to the required level of performance and quality.
- Keeping the relationship between parties open and constructive, aiming to resolve tensions and problems.
- Handling the formal governance of the contract and changes to the contract documentation, maintaining contract procedure manuals, managing contract register, escalate risks and issues as required, working closely with process owners to ensure proper risk assessment procedure has been followed.
- Interacting with Sales, Projects and Service teams regarding legality of contract documents, representing the company at relevant client compliance and contract related forums, advising team members regarding risk levels, service level agreements, renewal and cancellation of contracts.
Credit Consultant – Collections
FBC Bank Zimbabwe Limited
05.2004 - 11.2005
- Managing credit administration, monitoring and controlling customer account balances.
- Helping to develop an effective collection planning model and collections scorecard that coordinates and contributes to company strategy.
- Collection of payment as close to terms as possible without jeopardizing future business.
- Managing debt counselling and rehabilitating delinquent accounts when fully recovered.
- Tracing of debtors, pursuing recovery process on bad debts.
- Organizing credit meetings, audits and training.
- Managing reconciliations and credit management reports.
Partner (Finance Manager)
Thuraya Finance Zimbabwe
11.2002 - 04.2004
- Established a micro finance company; marketing micro finance products, building and managing strategic relationships with clients, corporate managers and workers union leaders.
- Designed and developed credit models, new product offerings to clients in general credit space, building systems requirements to automate collections (debit-order system).
- Managed daily operations; setting collection targets, managing cash flow and working capital requirements, developing collection strategy to limit delinquent accounts; paying attention to early warning signs and timed foreclosures.
- Managed costs of collections against defined targets, ensuring compliance at all times with the requirements of collection regulations, privacy laws and consumer protection legislation, developing and managing staff training to meet operational requirements as budgeted.
- Managed investments - financing decisions, undertaking regular reviews of all projects/activities and distribute status updates to the business partner.
- Managed the accounting function - preparing detailed income reports for weekly discussions, accounting and presenting financial statements to stakeholders, ensuring compliance with statutory requirements.
Account Manager
Standard Chartered Bank Zimbabwe
08.1988 - 10.2002
- Running with general bookkeeping duties, maintenance of branch ledgers, customer current accounts and investments.
- Managing bulk telling duties, accepting large cash deposits and encashment of cheques, daily balancing of cash and safe keeping.
- Relationship management, responsible of running a portfolio of clients, account relationship, maintaining good relationship with customers to enhance customer profitability, managing advances, conducting credit appraisal: background checks on new applicants, establishing track record, identifying borrowing causes, carrying out business, industrial, financial and management risk analysis, submitting quality bankable application for loans and overdraft for approval, ensuring safe custody, registration of bonds and safekeeping of collateral security documents, monitoring utilization of facilities, wallet sizing, investment banking and portfolio management, conducting regular customer visits to maintain relationship.
- Credit control, providing expertise, inputs and approvals on customer proposals. Monitoring and managing credit risk and account performance, receivables, working closely with credit and collection teams.
- Ensuring proper operation fabric exist, processes and controls function effectively, operational weakness and findings are addressed, actioned, cleared and/or escalated to the appropriate senior management, developing an efficient way of dealing with daily, weekly and monthly exposure and limit management.
- Credit management, protecting investments in advances, increasing profits through positive assessment and control, establishing terms and conditions of facilities, managing the debtors’ book, monitoring and controlling credit deterioration, pursuing recovery of bad debts, interacting with external groups to represent the company’s interest, assisting in designing credit models.
Education
Master of Philosophy - Accounting Science (Management Accounting)
UNISA
BA (Hons) - Management Accounting (Sustainable Performance Management)
MMU
CIMA Advanced Diploma - Management Accounting
CIMA
General Certificate of Education - “A” & “O” Levels
Zimbabwe in collaboration with University of Cambridge
Skills
analytical skills
problem-solving skills
organisational skills
time management skills
attention to detail
accuracy
communication skills
interpersonal skills
independent work
task management
workload management
deadline management
financial reporting
SAGE PASTEL
INFOR LN
NetSuite
work ethic
team player
academic research
Bank reconciliation
Accounts receivable
Accounts payable
Payroll administration
Cash flow management
Credit analysis
Cost control
Tax compliance
Internal controls
Asset management
Expense management
Investment management
Financial planning
Financial forecasting
Debt management
Capital budgeting
Financial reporting and analysis
Audit coordination
Internal controls implementation
Strategic financial planning
Stakeholder communication
Performance metrics evaluation
Teamwork
Customer service
Problem-solving
Team management
Time management
Profitability improvement
Problem-solving abilities
Multitasking
Work planning
Operations management
Financial analysis and reporting
Cash handling expertise
Relationship building and management
Decision-making
Excellent communication
Planning and coordination
Financial reporting
Critical thinking
Performance management
Organizational skills
Staff management
Attention to detail
Portfolio management
Strategic planning
Analytical thinking
Project management
Analytical skills
Financial analysis
Risk management
Data analysis
Budget planning
Risk assessment
Risk analysis
Financial management
Interests
I enjoy travelling
Personal Information
- Citizenship: Zimbabwean
- Date of Birth: 06/17/69
- Gender: Male
Ethnicity
Black African
Timeline
Financial Administrative Manager
iOCO SBT
10.2024 - Current
Owner/Managing Director
Netrum Bedding Zimbabwe
12.2022 - 09.2024
Senior Project/Contract Accountant
NEXTEC SBT
09.2014 - 11.2022
Owner/Management Accountant
Netrum Bedding RSA
07.2013 - 08.2014
Contracts Controller
EOH (Formally Stanley Security Solutions)
07.2006 - 04.2013
Credit Consultant – Collections
FBC Bank Zimbabwe Limited
05.2004 - 11.2005
Partner (Finance Manager)
Thuraya Finance Zimbabwe
11.2002 - 04.2004
Account Manager
Standard Chartered Bank Zimbabwe
08.1988 - 10.2002
BA (Hons) - Management Accounting (Sustainable Performance Management)
MMU
CIMA Advanced Diploma - Management Accounting
CIMA
General Certificate of Education - “A” & “O” Levels
Zimbabwe in collaboration with University of Cambridge
Master of Philosophy - Accounting Science (Management Accounting)
UNISA