Nkhenso Njoni
Chartered Accountant
Pretoria
Summary
Equipped with strong problem-solving abilities, willingness to learn, and excellent communication skills. Poised to contribute to team success and achieve positive results. Ready to tackle new challenges and advance organisational objectives with dedication and enthusiasm. Excels in developing efficient processes, ensuring high standards, and aligning efforts with organisational goals. Known for collaborative approach and commitment to excellence.
More than 12 years experience in accounting/finance within the public sector and more than 7 years in Senior Management.
Experienced in strategic planning and execution, financial accounting, financial statement preparation and review, financial analysis and reporting, investment management, budget management and asset management. Meticulous, innovative, conscientious and methodical in approach.
Overview
13
13
years of professional experience
Work History
Senior Manager: Financial Accounting and Reporting
Johannesburg City Parks and Zoo
01.2023 - Current
- Design and implementation of strategic and operational plans and appropriate financial reporting systems of the department.
- Policy development, review, and implementation in line with MFMA and Treasury Regulations.
- Development of processes, procedures and systems to ensure alignment to strategic plans and internal controls
- Streamlined internal processes for monthly and quarterly financial reporting, ensuring accuracy and compliance with relevant legislation.
- Managing the accounting functions which include accounts payables, accounts receivables, cash management, asset management and payroll.
- Managing budgets effectively, achieving financial objectives while maintaining cost containment measures.
- Strengthening internal controls through implementation of risk mitigation controls to protect company assets and minimize losses.
- Reviewing of interim and annual financial statements to ensure they are prepared in accordance with GRAP, MFMA and other legislation for presentation to Executive Management and governance structures
- Managing the internal and external audit process and liaising with the Internal Audit Division and Auditor General of South Africa (AGSA).
- Provide support to the CFO and attend meetings as necessary on behalf of the CFO
- Mentoring of junior finance staff, fostering professional development and strong team dynamics.
- Chairing the adhoc Bid Evaluation Committee (BEC) and ensuring compliance with Supply Chain Management prescripts
Senior Manager: Finance
National Lotteries Commission
01.2016 - 12.2022
- Designing and implementing the strategic and operational plans of the department.
- Policy development, review and implementation in line with PFMA and Treasury Regulations
- Ensured compliance with all relevant legislation, maintaining accurate records of financial transactions and reporting requirements.
- Enhanced internal control systems and procedures to mitigate risks identified.
- Preparation of the Estimate of National Expenditure as well as the Medium‑Term Expenditure Review (MTEF) for submission to the Executive Authority and National Treasury.
- Analyzed financial reports against the approved budget to prepare high-level variance analysis.
- Formulation of the investment strategy and policy and implementation thereof.
- Developed and maintained strong relationships with major financial institutions to ensure that surplus funds are invested in line with the Lotteries Act and securing favorable investment returns.
- Increased revenue by identifying and implementing cost-saving measures in financial processes.
- Compilation of monthly and quarterly financial performance reports.
- Preparation of annual financial statements for presentation to Executive Management and oversight structures.
- Collaborated with the AGSA to ensure the timely and accurate completion of the statutory audits, minimizing potential risks and maintaining a strong reputation for financial integrity.
- Managing the financial accounting functions which include accounts payables, accounts receivables, grants management, cash management, asset management and payroll.
- Checked payroll, supplier payments, grants beneficiary payments other accounting disbursements for accuracy and compliance.
- Chaired the Bid Evaluation Committee (BEC) and ensured compliance with Supply Chain Management prescripts
- Chaired the Bid Specification Committee (BSC) before being moved to the Bid Evaluation Committee
- Chaired the Business Sustainability Committee
Senior Accountant
National Lotteries Commission
02.2015 - 12.2015
- As the Senior Financial Accountant, I was responsible for managing and providing finance support services to the different divisions within the National Lotteries Commission and ensuring that all monthly, quarterly, and annual reporting requirements to Executive Management, the Department of Trade and Industry and National Treasury are met.
- My role reported to the Senior Manager: Finance and I managed a team of five (5) employees. During my tenure I ensured that policies and standard operating procedures are developed for the NLC and started implementation thereof to improve internal controls.
CAA Trainee
National Treasury
01.2012 - 01.2015
- As part of my SAICA training I was placed at various strategic directorates within the national department. Most of my training was in the Assets and Liabilities Management Division which is a unit within National Treasury responsible for promoting and enforcing prudent financial management of Schedule 2 State Owned Companies (SOCʼs) and managing government’s annual funding programme. I gained exposure to market risk, credit risk, financial analysis, strategy and governance analysis and debt management.
- As part of my training, I also worked in the Office of the Accountant General where we provided inputs on the Municipal Standard Chart of Accounts (mSCOA) and refinement thereof. I also provided inputs to the Accounting Standards Board (ASB) on exposure drafts that were in circulation.
- I was the first trainee to contribute to the Debt Management Report for 2012/13 where I analyzed the yields trends of government fixed rate bonds. This has been included in the report subsequent to that.
- During my training I was seconded to the Department of Public Works, Special Investigating Unit, National Lotteries Commission and KPMG.
Education
Bachelor of Commerce (Honours) - Accounting Science (NQF 8)
University of Pretoria
Pretoria, South Africa 04.2001 -
Certificate in The Theory of Accountancy -
University of Pretoria
Pretoria 04.2001 -
Bachelor of Commerce - Accounting Sciences (NQF 7)
University of Pretoria
Pretoria 04.2001 -
Senior Certificate - NQF 4
Stanford Lake College
Limpopo 04.2001 -
Skills
Public Finance Management Act (PFMA)
Municipal Finance Management Act (MFMA)
Generally Recognized Accounting Practice (GRAP)
Treasury Regulations and Supply Chain Management Prescripts
Policy analysis and development
Planning and organizing
Innovation and Agility
Leadership
Negotiation
ERP Systems - SAGE Pastel, Oracle Fusion
Caseware
Microsoft Suite (PowerPoint, Word, Excel, Outlook, Teams)
Problem-Solving
Analytical Skills
Accomplishments
- Introduced the paperless strategy in the division through implementation of Microsoft Teams and the Finance shared drive. This is in a drive to reduce the amount of papers printed and implementation of cost savings.
- Through collaboration with others in the organization, contributed to the NLC achieving three (3) unqualified audit opinions with no material findings (clean audit)
- Chaired the Business Sustainability Committee which reported to the Audit and Risk Committee. Through that committee we managed to implement cost containment strategies amongst others and the implementation of the expenditure cap to 30% of the total revenue. This ensured that more money is disbursed towards grants.
- Managed to lead the team to reduce the backlog of Provisions from a balance of R1 billion to R250 million ensuring that beneficiaries receive their funding within the legislated timeframes and contributing to the sustainability of the non-profit organization sector.
- I was responsible for maximization of revenue through investing in money market funds and earning interest. The annual target was to raise +/-R125 million through interest and earn a return of 8%. I managed an investment balance of R1.6 billion. The organization consistently achieved and outperformed the 8% target.
- Worked closely with the Commissioner as the project lead in coordinating the drafting of the Request for Proposal with the Board for the fourth National Lotteries license which was submitted to the Minister of the dtic.
Short Courses
2023 | Nyukela Public Service SMS Pre-entry Programme | National School of Government
2019 | International Executive Development Programme | London Business School
2018 | Managing and Leading People | Wits Business School
2016 | Total Quality Management | University of Pretoria
Memberships
South African Institute of Chartered Accountants | 20025264
References
References are provided on request
Timeline
Senior Manager: Financial Accounting and Reporting
Johannesburg City Parks and Zoo
01.2023 - Current
Senior Manager: Finance
National Lotteries Commission
01.2016 - 12.2022
Senior Accountant
National Lotteries Commission
02.2015 - 12.2015
CAA Trainee
National Treasury
01.2012 - 01.2015
Bachelor of Commerce (Honours) - Accounting Science (NQF 8)
University of Pretoria
04.2001 -
Certificate in The Theory of Accountancy -
University of Pretoria
04.2001 -
Bachelor of Commerce - Accounting Sciences (NQF 7)
University of Pretoria
04.2001 -
Senior Certificate - NQF 4
Stanford Lake College
04.2001 -
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