Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Personal Information
References
Timeline
Generic

Nokwanda Buthelezi

Noordwyk

Summary

I am a seasoned Financial Manager/Accountant who is currently busy with CIMA. I am planning to sit for Management Case Study exam in May 2024. I have over 15 years of experience, most of it gained within the Financial Services industry. I have developed a good understanding of Financial Management and Analysis. My strength lies in the ability to quickly adapt to any business environment. I'm driven by my desire for success. I'm an organized, dedicated, hardworking and goal-orientated individual. Since losing my job due to Covid in 2020, I have been taking up contracting roles. I am currently looking for a permanent job.

Overview

17
17
years of professional experience

Work History

Financial Accountant (Short-term Contract)

Heidelberg Graphics
01.2024 - Current
  • Maintain accounting records according to group policies and procedures
  • Liaising and Coordinating month-end closing procedures with Capgemini (3RD party shared services centre) via Global SAP Closing Cockpit Control Centre
  • Provide necessary support to Capgemini
  • Ensure integrity and accuracy of all financial systems, statements and reports
  • Assist with ensuring that necessary internal controls are in place
  • Ensuring a smooth and transparent review and statutory audit
  • Responsible for production and sign off of annual financial statements within the time frames required by the Companies Act
  • Support the FD and Controller for Southern Africa to ensure all equipment sales are processed accurately and in line with sales cost sheet/deal tracking sheet
  • Assisting Management with AD-hoc projects and reporting requirements
  • Ensure all returns are submitted correctly, accurately and timeously as per SARS requirements
  • Ensure all statutory company documents are up to date and strictly maintained according to the Companies Act of South Africa's requirements
  • Ensure compliance with all South African Reserve Bank requirements with regards to foreign transactions and local requirements
  • Ensuring proper internal controls remain in place for local banking and cash management systems and all South African Reserve Bank compliance requirements are met.
  • Ensure accurate cash flow reporting to group treasury
  • Ensure accurate and timeous management of forward exchange contracts to mitigate foreign exchange risk on all equipment deals and lifecycle consumables and spares purchases for inventory
  • Compiling and Maintaining Reconciliations of all accounts in the Balance Sheet on an ongoing basis
  • Managing and controlling of all Fixed Assets of the Company from both an operational and accounting perspective

Financial Manager (Contract)

eCOGRA
10.2022 - 06.2023
  • Submitting monthly income statements, and balance sheets for the group entities to the CFO and addressing all queries from the CFO
  • Submitting monthly consolidated income statement, balance sheet and cash flow for the group entities to the CFO and addressing all queries from the CFO
  • Liaising directly with external accountants of all three entities on the following matters: - VAT - Payroll - Tax Submitting VAT returns for all entities
  • Timely review, ensuring compliance with company policies and procedures, approval and payment of all creditor invoices, staff salaries, expenses and subsistence allowances
  • Monitoring various Investec, NatWest and Finductive bank accounts and effective cash management (inclusive of Rosebank office petty cash) Liaising with bankers to resolve any banking related issues, e.g
  • Missing payments and timeout transactions
  • Maintaining company credit card facilities
  • Reviewing credit card statements to ensure they are in line with the policies and procedures of the company and are appropriately allocated
  • Collection of invoices for the credit card payments and expense claims
  • Reviewing and approving travel booking forms, calculating and paying subsistence allowances for Travelling staff Checking travel booking forms for invoicing of expenses incurred for travel
  • Liaising with clients for debtors' collection and reporting back to the CFO on matters of concern
  • Assisting the CFO with monthly revenue forecasting and reconciling forecast to the WIP and completed projects (JHB and DBN Labs) for invoicing, e.g
  • Completeness, timing and accuracy
  • Assisting the CFO with monthly and ad hoc financial analysis, e.g
  • Ratios, trend analysis and performance reporting
  • Improving internal financial controls and systems (risk management)
  • Located in the Rosebank office, servicing the business needs of the Rosebank, Durban, London, Malta and Ireland offices, to facilitate interaction with systems, staff and clients
  • Assisting with compliance requirements from external organizations, e.g
  • Banks and licensing jurisdictions
  • Undertaking strategic financial analysis and assisting senior management with planning and operational matters.

Assistant Financial Manager (Contract)

Barloworld Corporate Office
06.2022 - 10.2022
  • Coordination and preparation of daily funding activities as a back-up for the group utilising the treasury system and finalising the dealing with the banks at the best possible rates (borrowing or depositing) Liaising with the banking partners for any adds, amends, deletions, or queries on account Preparation of bank reconciliations Back-up of Procurement and POPIA Preparation of procurement policies and procedures for BCO Ensure compliance to corporate office procurement policies and procedures including POPIA Review due diligence on Corporate Suppliers, ensuring compliance to group due diligence policy and processes Approval of new creditors, authorising changes & release for amendments to creditors – both in banking and accounting systems Cash flow forecasting and review of creditors reconciliations – including dispute resolution with creditors Review and authorisation of monthly journals, EFT's, creditors payments & forex payments Ensure overall closure and accuracy of the Trial balances at head office Prepare Balance Sheet Reconciliations for the all the head office companies Loading of final TB's in HFM & clearing validations for all the head office companies Preparation of management accounts reconciliations for Corporate Office & Limited and expense variance analysis for the head office– reporting to CEO/FD and BCO executive, this will include liaising with the departmental heads on expenditure
  • Liaising with the departmental heads to ensure costs are recharged to divisions monthly and all large expense items are accrued
  • Companies Vat return preparation & submission (Corporate Office & Limited) Liaising with the Tax department to ensure the accuracy of the consulting fees are correctly recorded for tax purposes
  • Liaising with Departments Heads to provide services when needed Gym/Siyakhula and Pandavox/Trust/Khula Sizwe Trusts/MBEWU Accounting Responsible for the accounting for all BCO projects and associated entities including monthly accounting, VAT and Tax return administration, monthly reporting and where relevant preparing board reporting and presentation of financial information to management for these projects
  • Assisting with forecast and budget process for all head office companies Preparation of various Dormant and Trust AFS and the BAW Limited AFS (Listed Company AFS) Attend to Internal Audit findings and implementing recommendations in a timely manner Attend to External Auditors queries and coordinate this process for BCO/Limited Document and define processes in the head office environment
  • Responsible for managing accounting clerk, interns, and accounts payable clerk in the department
  • Providing input into performance appraisals and development plans for direct reports.

Group Finance Manager (Ended Due to Covid)

Southern Bridge (PTY) Ltd
01.2019 - 12.2020
  • Establish the entire accounting function and policies for the Employer and its subsidiaries from time to time, in accordance with the requirements of IFRIS as applicable from time to time, including (without limiting the generality of the foregoing): Record keeping of all transactions and filling of all relevant documents and returns
  • Managing PAYE, Withholding Taxes and VAT Preparation of management accounts
  • Management of debtors and creditors and the payment of all expenses; Preparation of budgets Payroll Monitoring of actuals against budgets and reporting thereon
  • Preparation of all management reports and board reports, as may be required from time to time
  • Implementing computer systems for the accounting system and financial reporting
  • Managing all foreign currency matters and forex conversions and any hedging required Preparing accruals and prepayments Preparation of annual financial statements Processing of monthly intercompany journals Preparing the Cash book, bank reconciliation, petty cash book and journals

Financial Accountant (Contract)

Bidvest Bank LTD
12.2018 - 06.2019
  • Preparation of monthly journals
  • Preparation of annual budgets and forecasts
  • Liaise with internal and external auditors during the audit process
  • Manage the year-end process including all associated reporting and meeting the deadlines
  • Preparation of the monthly accounting file Preparation of the monthly VAT Returns and following up on any SARS queries
  • Preparation of the Tax calculations and annual tax pack Preparation of invoices to be sent to clients
  • Download bank statements and post to relevant accounts
  • Prepare the financial reports, forecasts and deviations to budget of the company on a monthly basis Manage month-end reporting

Financial Accountant (Multi-Manager)

STANLIB Asset Management
05.2017 - 11.2018
  • Preparation of monthly journals
  • Preparation of annual budgets and forecasts
  • Monthly analysis of the income statement in comparison to budgets and prior month actuals and investigation thereof
  • Liaise with internal and external auditors during the audit process
  • Manage the year-end process including all associated reporting and meeting the deadlines Preparation of the monthly accounting file Preparation of the monthly VAT Returns and following up on any SARS queries Preparation of the Tax calculations and annual tax pack Preparation of invoices to be sent to clients
  • Completion and submission of Quarterly financial statistical survey

Financial officer

Nedbank: Group Finance
05.2014 - 03.2016
  • Ensure timeous and accurate processing of financial entries: invoices, account payments, journals, recoveries on SAP, etc
  • Prepare monthly financial packs, analysing, interpreting and reporting on income statements and balance sheet items, statutory returns, cash flow analysis and transfer pricing (if required)
  • Preparations of fixed assets reconciliations at the end of the month Calculate asset departures
  • Liaise with internal and external auditors during the audit process
  • Prepare and calculate VAT return Process & analyse monthly management packs
  • Prepare rolling forecasts, three-year plans and annual budgets Continuously monitor MIS reports to confirm accurate, timeous processing
  • Where flaws are identified, take immediate corrective action Month-end processing
  • Prepare monthly journals
  • Calculate and process travel claims Intercompany reporting
  • Assist in preparing AFS

Accountant - IAS 39

Nedbank: Group Finance (IFRIS advisory and specialised projects)
02.2009 - 01.2014
  • Collect Capture books (financial instruments) from various Capture book users (Nedbank Financial Officers)
  • Analyse the consolidated data and identify and large variations of fluctuations in the data
  • Supply the IAS 39 Fair value adjustment to the Group Financial Processing team, within the Nedbank reporting timelines
  • Ensure that certain information for specific balance sheet codes per Cognos system agrees back to Andromeda system being the fair value and the legal entity, where differences arise, call the respective capture book user and discuss the error with them and ask them to re-send the corrected capture book
  • Assist with any ad hoc projects
  • Prepare the categorised balance sheet Prepare the green file and send it to the Chief Financial Officer (Half year and Year-end)
  • Prepare the Analyst pack (Half-year and year-end) Preparation of the Interest on specifically impaired financial assets note for Nedbank Group, Nedbank Limited and Nedbank Entity
  • Analyse the consolidated data and identify and large variations of fluctuations in the data Preparation of the Fair value hierarchy note for Nedbank Group, Nedbank Limited and Nedbank Entity for year-end reporting
  • Ensure that the specific impairment balance per monthly submissions agrees back to Cognos Supply the consolidated specific impairment for discounted cash flow losses to Balance Sheet Management and Group Tax

Intern

Nedbank LTD: GROUP STRATEGIC PLANNING & ECONOMICS
02.2008 - 01.2009

Accounts Clerk

EDI Holdings (PTY) LTD
01.2007 - 01.2008
  • Update Fixed Assets Registers and Control related to fixed Assets in compliance with treasury practice notes the PFMA and Company's Act guidelines and other applicable international standards of General Ledger Input documents
  • Maintain an accurate and sound cashbook and credit control record with suppliers
  • Prepare the bank transfers for local and international suppliers
  • Preparing the Cash book, bank reconciliation, petty cash book and journals Managing supplier accounts and payments
  • Preparing invoices and administer debtor accounts
  • Preparing General ledger Reports (Balance sheet, Income statement, statement of cash flows and Trial Balance

Education

Management level -

CIMA

B Com Economics -

University of Zululand
11.2006

Skills

  • Financial Analysis
  • Budget Monitoring
  • Financial reporting
  • Expense Tracking
  • Financial Accounting
  • Balance sheet review
  • Variance Analysis
  • Analytical and problem solving

Accomplishments

I revamped the consolidation tool that I used at Nedbank to consolidate Financial instruments, which ended up in increased efficiency. I automated 90% of the spreadsheets I used monthly to minimize error and to also increase efficiency. I was nominated as employee of the month in Feb 2010, March 2011 and July Nedbank Top achiever runner up in January 2012

Languages

English
Advanced (C1)

Personal Information

  • Health Status: Excellent
  • Date of Birth: 11 August 1987
  • Gender: Female
  • Nationality: South African
  • Marital Status: Single

References

  • On request

Timeline

Financial Accountant (Short-term Contract)

Heidelberg Graphics
01.2024 - Current

Financial Manager (Contract)

eCOGRA
10.2022 - 06.2023

Assistant Financial Manager (Contract)

Barloworld Corporate Office
06.2022 - 10.2022

Group Finance Manager (Ended Due to Covid)

Southern Bridge (PTY) Ltd
01.2019 - 12.2020

Financial Accountant (Contract)

Bidvest Bank LTD
12.2018 - 06.2019

Financial Accountant (Multi-Manager)

STANLIB Asset Management
05.2017 - 11.2018

Financial officer

Nedbank: Group Finance
05.2014 - 03.2016

Accountant - IAS 39

Nedbank: Group Finance (IFRIS advisory and specialised projects)
02.2009 - 01.2014

Intern

Nedbank LTD: GROUP STRATEGIC PLANNING & ECONOMICS
02.2008 - 01.2009

Accounts Clerk

EDI Holdings (PTY) LTD
01.2007 - 01.2008

Management level -

CIMA

B Com Economics -

University of Zululand

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Nokwanda Buthelezi