Nkosinathi Thela
Chartered Accountant
Randburg,GP
Summary
As an accomplished business executive, I bring a robust foundation in accounting, finance, and strategic planning to the table. My career is marked by a rich tapestry of experiences that cut across the dynamic realms of financial services and telecommunications, complemented by entrepreneurial ventures, and academic contributions. My diverse professional background is a testament to my adaptability and depth of expertise, positioning me as a valuable asset to any forward-thinking organization.
Overview
19
19
years of professional experience
1
1
Certification
Work History
CEO
NMTHELA Investment Holding
Johannesburg
01.2021 - Current
- Pioneering strategic leadership and commercial initiatives at NMTHELA Investment Holding, enhancing the company's position as a reliable logistics and ancillary mining supplier in the Mpumalanga Province.
- Managing coal transportation logistics utilizing a dedicated fleet of 34-ton side tippers to service prominent mining collieries in the Carolina/Hendrina region effectively.
- Cultivating and maintaining strategic relationships with key clients, while actively sourcing new business opportunities to drive growth.
- Ensures adherence to a comprehensive fleet maintenance strategy, keeping the fleet in peak condition, and compliant with company standards.
- Commanding a diverse team of operations supervisors, finance experts, mechanics, and drivers to ensure impeccable business operations.
- Uphold rigorous health and safety standards in all operations, aligning with both internal policies and client-imposed requirements.
- Foster strong supplier partnerships, securing strategic alliances that contribute to sustainable business progression and profitability.
- Lead a diverse team of operations supervisors, finance professionals, mechanics, and drivers, promoting seamless business operations.
- Direct Balance Sheet Management to ensure an optimal capital structure, supporting the company's financial health.
- Regularly evaluate route profitability, and engage in rate discussions with clients to ensure competitive pricing and service excellence.
- Conduct thorough analyses of income statement performance to identify and implement cost-saving measures.
- Oversee the creation and maintenance of a positive work environment that encourages a high-performance culture, and prioritizes safety for all road users.
CEO
INSTITUTE OF MANAGEMENT ACCOUNTING AND STRATEGY (IMAS)
Johannesburg
01.2013 - Current
- Company Overview: a premier Global Learning Partner for CIMA and ACCA.
- Spearheaded comprehensive strategy development and execution at IMAS, a premier Global Learning Partner for CIMA and ACCA, ensuring alignment with stakeholder expectations, including professional accountancy bodies, students, employers, and the Department of Higher Education.
- Lead strategic review processes to ensure initiatives are in sync with business objectives, driving the institution's growth and success.
- Orchestrated ideation workshops to pinpoint and implement additional strategic endeavors, fulfilling established business goals.
- Cultivated pivotal relationships with key stakeholders, enhancing institutional reputation, and collaborative opportunities.
- Directed mission-critical strategic projects, ensuring clear definition, effective progression, and successful completion.
- Collaborated with cross-functional teams to convert strategic vision into long-term investment plans, and actionable annual objectives.
- Providing strategic oversight to marketing, sales, and student liaison teams, optimizing outreach, and engagement efforts.
- Monitoring marketing and financial plan execution, ensuring adherence to institutional goals, and fiscal health.
- Evaluating financial performance in partnership with the Head of Finance, ensuring robust profitability, and financial stability.
- Analyzing product and branch/platform profitability, driving revenue optimization, and cost-efficiency.
- Managing capital structure strategically to leverage growth opportunities while delivering shareholder value at managed risk levels.
- Championing the recruitment and development of key personnel, fostering institutional advancement, and talent excellence.
- Installed a high-performance organizational culture, emphasizing continuous improvement, accountability, and effective consequence management.
- Executed comprehensive risk management, identifying and mitigating potential commercial, financial, and digital transformation risks.
Head of Group Technology Consolidation, ABC and Transfer Pricing
NEDBANK
Sandton
02.2012 - 03.2015
- Spearheaded financial consolidation for Group Technology, emphasizing management accounting and financial reporting, and delivering monthly management packs to key stakeholders.
- Monitoring costs and ensuring that all internal controls are adhered to.
- Monitoring performance against current budgets and forecasts, and advising Group Technology Executives through monthly performance packs and business review meetings.
- Contribute to and review inputs for the Group Chief Operating Officer Management Pack on behalf of Group Technology.
- Championed financial planning processes, including budgeting and forecasting, leading to strategic alignment with Group Technology and Group Strategy through executive engagements.
- Drive internal communications within Group Technology to ensure transparency and clarity around budgeting, forecasting processes, and timelines.
- Directed the costing and transfer pricing team, guaranteeing precise IT service pricing and cost recovery across business units, while providing transparency on cost drivers and transfer pricing mechanisms.
- Assisting with budgets and cost-saving initiatives.
- Promote a culture of excellence, service orientation, high performance, and continuous improvement for and within the team, and in team interactions with the rest of the organization.
- Supervise direct reports, and ensure clear performance expectations, development pathways, and role alignment.
- Mentor staff, and support professional training and development.
Senior Manager: Project Accounting
NEDBANK
Sandton
11.2008 - 01.2012
- Spearheaded a proficient team of project accountants, ensuring top-tier coaching and leadership.
- Oversee stringent financial governance across all IT strategic projects funded through the center.
- Engage and liaise with pivotal stakeholders of strategic projects to align interests and ensure projects are completed on time, within budget, and to the defined quality or standards.
- Deliver incisive monthly financial updates to stakeholders, driving project transparency.
- Monitor and report on the quarterly benefits realization of key strategic projects.
- Administer and fine-tune the project accounting infrastructure (Microsoft Dynamics) for seamless integration with the bank's core General Ledger (Cognos).
- Facilitate robust interactions with both internal and external audit entities.
- Execute thorough impairment assessments biannually and at fiscal year-end to maintain financial integrity.
Assistant Financial Manager
MTN
Fairlands
09.2007 - 11.2008
- Spearheaded financial considerations within strategic business planning processes, ensuring accurate reflection in reporting.
- Provided pivotal support to department heads, aligning business planning with organizational strategy.
- Developed sophisticated financial models to evaluate and refine business plans, incorporating key business rules and variables.
- Crafted comprehensive business cases for financial assessments, securing approval from the Business Unit.
- Conducted targeted financial analysis to meet unique Business Unit expectations.
- Analyzed revenue and cost performance, proposing actionable improvement strategies.
- Created financial models that were instrumental in supporting customer acquisition initiatives.
- Engaged in financial oversight for ad-hoc projects, fostering a financial discipline mindset.
- Served as the primary financial contact for Business Unit issue resolution.
- Assisted in the meticulous reporting of financial and management information, ensuring the accuracy and validity of Business Unit performance.
- Generated monthly and quarterly reports for business cases, as well as financial and management reviews.
- Performed forecasting to provide a snapshot of Business Unit requirements, validating assumptions.
- Analyzed departmental budgets, identifying variances, and recommending corrective actions.
Financial Controller
Rand Merchant Bank
Sandton
01.2006 - 09.2007
- Expertly crafted monthly management accounts for strategic decision-making.
- Diligently prepared monthly journals and provisions ensuring accuracy.
- Developed comprehensive monthly Income Statements and Balance Sheets.
- Accurately forecasted monthly expenses to optimize financial planning.
- Provided pivotal accounting and tax guidance to the Structuring Team.
- Ensured compliance with IAS 39 adjustments and IFRS 7 disclosures.
- Performed meticulous reconciliations of JSE figures with financial statements.
- Vigilantly monitored capital requirements and managed position risk.
- Regularly reported on capital requirements and risk issues to the JSE.
- Efficiently prepared monthly VAT, UST, and RSC levies returns.
- Formulated annual budgets and revenue forecasts to guide fiscal policy.
- Prepared interim and year-end financial results, highlighting the company's performance.
- Assist with the auditing processes, both internal and external.
- Ensure that there are no significant audit findings for the prop trading business (RST) I was overseeing as a financial controller.
- Address audit findings where such findings were related to the financial and risk components of my responsibility.
Education
Chartered Global Management Accountant (CGMA) -
The Chartered Institute of Management Accountants
London, United Kingdom11-2018
Advanced Diploma in Management Accounting -
The Chartered Institute of Management Accountants
London, United Kingdom01-2013
MBA -
Milpark Business School
Johannesburg, South Africa01-2012
Bachelor of Commerce - Accounting And Finance
University of Witwatersrand (Wits)
Johannesburg, South Africa12-2003
Skills
- Financial management
- Effective decision making
- Executive presence
- Talent development
- Inspirational leadership
- Operational excellence
- Strategic visioning
- Digital transformation
- Sustainable business models
- Business strategy
- Team collaboration
Certification
- Chartered Global Management Accountants (CGMA)
- Associate Chartered Management Accountant (ACMA)
Languages
Zulu
First Language
English
Proficient (C2)
C2
References
References available upon request.
Timeline
CEO
NMTHELA Investment Holding
01.2021 - Current
CEO
INSTITUTE OF MANAGEMENT ACCOUNTING AND STRATEGY (IMAS)
01.2013 - Current
Head of Group Technology Consolidation, ABC and Transfer Pricing
NEDBANK
02.2012 - 03.2015
Senior Manager: Project Accounting
NEDBANK
11.2008 - 01.2012
Assistant Financial Manager
MTN
09.2007 - 11.2008
Financial Controller
Rand Merchant Bank
01.2006 - 09.2007
Chartered Global Management Accountant (CGMA) -
The Chartered Institute of Management Accountants
Advanced Diploma in Management Accounting -
The Chartered Institute of Management Accountants
MBA -
Milpark Business School
Bachelor of Commerce - Accounting And Finance
University of Witwatersrand (Wits)