Nkosinathi Steve Mafilika
Business Improvement Specialist
Witbank
Summary
Reliable business professional with experience in financial management, process improvement and financial analysis. Proven track record of successfully streamlining business operations and reducing costs. Adept at analyzing data to identify trends and developing strategies to improve efficiency.
Overview
21
21
years of professional experience
10
10
years of post-secondary education
Work History
Business Improvement Specialist – Finance and Commercial
Modikwa Mine
Steelpoort
02.2022 - Current
- Assess, recommend and implement design of metrics, systems, structures and approaches that enhance operational delivery, enable value chain optimisation
- In consultation with process owners, develop new systems and practices designed to unlock value and work with operational teams on design and implementation of innovative ways to seamlessly integrate changes into established systems and practices.
- Managed budgets effectively, consistently staying within financial constraints while maximizing resource allocation for optimal results.
- Championed adoption of new software tools that streamlined workflows across multiple departments.
- Collaborated with cross-functional teams to achieve project goals on time and within budget.
- Reduced costs by identifying inefficiencies in operations and implementing cost-saving measures.
- Conducted thorough research to identify trends and inform decision-making for business growth initiatives.
- Analyzed marketing data and trends to identify opportunities for improvement.
- Created and delivered presentations to internal and external stakeholders to showcase work.
- Supported creation of detailed, technical financial models to value potential acquisition targets.
- Maintained database systems to track and analyze operational data.
- Conducted regular reviews of operations and identified areas for improvement.
- Developed effective improvement plans in alignment with goals and specifications.
- Set up deliverables for budget and Life of Mine processes Enable step changes in value add through implementation of Business Improvement methods and tools, including but not limited to: Process mapping and optimization, analysis of data and information, identification of opportunities, recommending alternative approaches, employing technical solutions to overcoming operational constraints.
- Facilitate Business Improvement opportunity identification sessions with operational teams.
- Provide timely and accurate operational performance and benchmarking analysis ensuring key insights are highlighted.
- Assist in developing Finance dashboard in Power-BI Costing structure clean-up on SAP Implementation and atomization of Delegation of Authority in SAP Change agent for SAP S4 HANA Responsible for transition from SAP 411 to SAP S4 HANA Implementation and development of Rotables process.
Management Information Leader
Modikwa Mine
10.2020 - 03.2021
- Budget and Life of Mine preparations
- Preparation of quarterly Board Packs
- Preparation of monthly reports to EXCO
- Monthly preparation of forecast
- Facilitated month end process
- Facilitated weekly cost meetings with relevant stakeholders
- Overcame challenging deadlines and resource limitations by reallocating personnel and focusing on priority tasks
- Increased team productivity by streamlining communication and implementing effective project management strategies
- Spearheaded process improvements, leading to enhanced efficiency and cost savings across various departments
- Developed and executed strategic plans for business growth, resulting in increased revenue and market share
- Mentored junior staff members, helping them develop leadership skills and advance their careers within the organization
- Streamlined reporting structures by consolidating information sources and automating data collection systems
- Reduced operational expenses by implementing cost-effective solutions and proactively monitoring budgetary allocation
- Optimized operational workflows by identifying bottlenecks, implementing solutions that led to smoother processes across the organization
- Evaluated employee skills and knowledge regularly, training, and mentoring individuals with lagging skills
- Maintained compliance with company policies, objectives, and communication goals.
Cost and Management Accountant
African Coal Trading
09.2018 - 07.2020
- Developed comprehensive financial reports for senior management, facilitating effective decision-making based on accurate data insights.
- Strengthened internal controls by conducting regular audits and recommending policy updates as needed.
- Improved financial reporting accuracy by streamlining the month-end close process and implementing automated reconciliation tools.
- Reduced operational costs by identifying inefficiencies in workflows and implementing process improvements.
- Developed and maintained strong working relationships with key stakeholders, including department heads
- Optimized cash flow management strategies by analyzing historical trends, improving forecasting models
- Enhanced budgeting and forecasting processes for increased accuracy, allowing management to make more informed decisions
- Conducted variance analyses between actual results and forecasts, identifying areas of improvement for future budgeting cycles
- Contributed to the successful implementation of a new ERP system, resulting in increased efficiency across all departments.
- Supported the development of strategic plans with detailed financial analysis and scenario modeling
- Assisted HOD team with financial decisions
- Maintained integrity of general ledger and chart of accounts
Superintendent Costing
Samancor Eastern Chrome Mines
06.2015 - 08.2018
- Managing SHEQ compliance within the section through effective use of the toolbox, Utilising the Information Management System (IMS) to initiate, investigate and report SHEQ status, Labour complement in line with budget, Achieving HDSA/Female targets for the Section, Managing performance against set targets and competencies, Ensuring IDP’s are linked to performance results and implemented as per plan, Conducting career discussions and implement actions with all identified talent (quarterly), Ensuring discipline is maintained (absenteeism, lateness, overtime, misconduct), Coaching and counselling people to ensure improved performance levels, Conducting recruitment interviews, Administering and providing support for the GSAP CO Module, Ensuring customer satisfaction, Auditing (internal and external), Reducing no of audit findings, Compiling management and joint venture reports, Revising SOP’s, Achieving budgeted costs, Reporting cost information, Managing month end processes, Reconciling final product figures
Management Accountant
Vunene Mining
03.2013 - 05.2015
- Ensured compliance with budget deadlines
- Compiled budget in consultation with internal stakeholders
- Supervision of finance department
- Investigation of all budget alternatives
- Prepared management accounts
- Ensured compliance with budget standards, principles, models, cost and saving drivers
- Ensured budget information is accurate and complete
- Ensured that all capital budget items have been evaluated
- Prepare Annual Financial Statements
- Ensured compliance with company policy and procedure
- Reported non-compliance and suggested appropriate corrective action
- Managed internal stakeholders to ensure timeous delivery of information
- Enquired and reported on all budget / forecast cost deviations, Ensured implementation and compliance with internal practices, systems, and procedures
Management Accountant
Glencore - Xstrata Coal South Africa
11.2010 - 02.2013
- Ensured compliance with budget deadlines, Compiled budget in consultation with internal stakeholders, Supervision of finance team, Prepared and loaded budget and forecast on SAP, Prepared and load statistical figures on SAP, Investigation of all budget alternatives, Ensured compliance with budget standards, principles, models, cost and saving drivers, Ensured budget information is accurate, valid, and complete, Ensured that all capital budget items have been evaluated, Ensured budget are in line with LOM plan, Justified and evaluated all expenditure, Ensured compliance with company policy and procedure, Ensured quality requirements of documentation, Reported non-compliance and suggest appropriate corrective action, Achieved reporting deadlines, Managed internal stakeholders to ensure timeous delivery of information, Reviewed and discussed production forecast with relevant line managers, Reviewed and validated all actual and forecasted results, Ensured compliance with financial policies, Enquired and reported on all budget / forecast cost deviations, Ensured implementation and compliance with internal practices, systems, and procedures, Identified shortcomings in control system and suggest corrective action, Complied with company financial policies and procedures
Junior Management Accountant
Lonmin Platinum Mine
06.2008 - 10.2010
- Prepared weekly support report for Mine Overseers
- Budget preparation
- Prepare weekly and monthly variance analysis reports
- Prepare monthly journal entries
- Supervision of cost controllers and finance clerks
- Review of claims from contractors
- Resolved queries relating to contractors
- Approved all purchase requisitions
- Prepared daily pre-costing report
- Monitored and updated Bill of Material
- Review of monthly production bonus
Cost Controller
Lonmin Platinum Mine
06.2008 - 10.2009
- Prepared weekly report on request by Six sigma and planning, Created purchase requisitions, Reviewed claims and resolved queries relating to contractors, Approved all purchase requisitions, Variance analysis, Cost analysis and reallocated incorrect amounts, Managed budget for different cost centres, Prepared month end journals, Prepared daily pre-costing report, Prepared month end reports, Built Business Warehouse Reports, Monitored and updated Bill of Material
Trainee Management Accountant
Anglo Platinum Shared Services Unit
01.2006 - 06.2008
- Performed monthly stock count
- Prepared journals
- Analysis of costs and reallocated incorrect amounts
- Prepared monthly cost and variance report
- Prepared Monthly Income Statement (Actuals and Forecast Monthly)
- Prepared monthly Capital expenditure report
- Loaded budgets on SAP
- Updated risks on Isometrix and scorecard
Accounts payable administrator
Anglo Platinum Shared Services Unit
01.2006 - 03.2007
- Invoice verification and processing
- Prepared vendor reconciliations
- Processed credit notes
- Recorded queries on the query log
- Planned timely payment of vendors
Article clerk
LA Gambale Chartered Accountants
08.2003 - 12.2005
- Prepared VAT and income tax returns
- Prepared journals
- Performed statutory audits and prepared audit reports
- Prepared Annual Financial Statements
- Prepared income and balance sheet and cash flow statement
Education
Master of Business Administration -
Mancosa
Durban 01.2017 - 04.2018
Post graduate diploma in Business management -
Mancosa
Durban 01.2016 - 12.2016
Bachelor of Commerce - Accounting -
Vista University
Welkom 01.1999 - 04.2002
Grade 12 (Matric) -
Johnson Nqonqoza High School, Somerset East
Somerset East 01.1994 - 04.1998
Courses
Skills
Analytical Skills
Employment Equity
African Male
Language Abilities
- IsiXhosa
- English
- Afrikaans
- Isizulu
- Sesotho
- Setswana
First Names
Nkosinathi Steve
Known As
Steve
Area Of Residence
Witbank
Personal Information
- ID Number: 8107205337087
- Nationality: South African
Affiliations
South African Institute for Business Accountants
Awards
- SRC president at University (September 2002- June 2003)
- Captain of University Cricket Team (1999)
- Achieved two academic awards at High School (1999)
- Award for the most improved employee at Anglo Shared Services Unit in 2006
References
- Retha Baxter, Finance and Information Leader, Modikwa Platinum Mine, 066 129 6110
- Willie du Plessis, Chief Financial Officer, Glencore SA, 060 997 6952
- Leon Fanoe, General Manager, Vunene Mining/African Coal Trading, 079 494 4791
- Sanele Msani, Finance and Admin Manager, Samancor ECM, 078 457 7771
Timeline
Business Improvement Specialist – Finance and Commercial
Modikwa Mine
02.2022 - Current
Management Information Leader
Modikwa Mine
10.2020 - 03.2021
Cost and Management Accountant
African Coal Trading
09.2018 - 07.2020
Master of Business Administration -
Mancosa
01.2017 - 04.2018
Post graduate diploma in Business management -
Mancosa
01.2016 - 12.2016
Superintendent Costing
Samancor Eastern Chrome Mines
06.2015 - 08.2018
Management Accountant
Vunene Mining
03.2013 - 05.2015
Management Accountant
Glencore - Xstrata Coal South Africa
11.2010 - 02.2013
Junior Management Accountant
Lonmin Platinum Mine
06.2008 - 10.2010
Cost Controller
Lonmin Platinum Mine
06.2008 - 10.2009
Trainee Management Accountant
Anglo Platinum Shared Services Unit
01.2006 - 06.2008
Accounts payable administrator
Anglo Platinum Shared Services Unit
01.2006 - 03.2007
Article clerk
LA Gambale Chartered Accountants
08.2003 - 12.2005
Bachelor of Commerce - Accounting -
Vista University
01.1999 - 04.2002
Grade 12 (Matric) -
Johnson Nqonqoza High School, Somerset East
01.1994 - 04.1998
Courses
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