Ntombifuthi Dini

Work History

Divisional Manager: Finance

Armscor Dockyard

1 2020 - Current

Formulate and Implement Organisational and Divisional strategy in line with e organisations policies and procedures.
To manage budget cost-effectively
To manage, develop, maintain, and motivate individuals and teams and to build constructive relationships between individuals within the division
To recruit, interview, select and maintain well-qualified staff
To do performance management of the team by contracting performance contracts, monitoring performance and provide feedback on performance to all team members
To do succession planning for all key positions in the division in order to ensure business continuity
To communicate all relevant information to the team members via divisional meetings and all other relevant forms of communication
To facilitate effective corporate governance business practices
To manage and improve services/products provided to the customer base
To develop practices that affect own function within framework of the organization’s policy
To develop and maintain constructive relationships between stakeholders (internal and external) to promote synergy and build a productive business environment
Liaising with management, internal and external auditors.

Financial Manager

Armscor Dockyard

10.2016 - 12.2019

Budget preparation and control for the entire Dockyard
Co-ordinate the budget process according to head office timelines
Prepare Capital expenditure budget as per divisional requirements
Assist the Divisional managers with budget inputs
Monthly monitoring of budget against actual
Analysis of variances and corrective action
Adjustment of estimates of national expenditure
Monthly updates of estimates for cash flow forecasting and planning
Cash flow projection on the system as per adjusted estimates of national expenditure
Apportion budget according to funds availability
Update commitments to budget monthly
Provide early warnings of budget overspending and underspend
Improvements to systems and policies
Fixed Asset Management including disposals of assets for the entire Dockyard
Physical verification of assets
Reconciliation of assets to Trial Balance
Disposal management and reconciliation to trial balance with recommendations to the Armscor Disposal Board
Construct a fixed asset register that complies with accounting standards
Capitalise fixed assets from acquisition
Develop policies on assets management
Update fixed asset register with asset movement
Monthly reporting of additions and disposals
Accounting for periodic asset depreciation and reconciliation of accumulated depreciation
Barcoding of all fixed asset register
Develop policies on assets returns to central disposal stores
Control and monitor access and updates to the fixed asset register
Costing Model and tariff structure for the entire Dockyard
Develop an appropriate costing model for the Dockyard
Profitability accounting for commercial projects
Update the tariff structure for submission to management board for approval
Sign off quotations for commercial work as per policy and tariff structure
Resolve queries arising from billing/invoicing
Review input from divisions towards costing model and tariff structure
Benchmark tariffs against National Treasury approved tariffs
Improvements to costing systems and implementation of correct costing mode
Internal controls and compliance for the entire Dockyard
Draft policies to ensure compliance to PFMA, GRAP, IFRS and NT Regulations
Draft practices to ensure compliance to PFMA, IFRS, GRAP and NT Regulations
Establish and implement a system of internal Controls
Compliance monitoring to established internal control system
Sign off accounts reconciliations to general ledger on monthly basis
Improvements to systems of controls
Develop and implement a debtor relationship management strategy
Develop and implement a bad debt write off policy/practice/procedure
Prepare and submit recommendations for bad debt write off
Develop and implement a revenue collection strategy complying to IFRS and other applicable practice/law/legislation/regulation
Prepare management responses regarding audit queries
Management of Accounts Payable (Creditors) for the Dockyard
Maintain a cash balance as per monthly payments requirements
Develop and Implement a system of internal controls regarding accounts payable
Develop and implement a reconciling system for creditors statements
Perform a creditors ageing analysis and follow ups on long outstanding items
Authorise all monthly reconciliations of all creditors
Develop and Implement a creditor relationship management strategy
Develop and implement unclaimed monies write off policy/practice/procedure
Develop and implement a foreign exchange practice and procedure as per legislation or regulation
Prepare management responses regarding audit queries
Supply Chain Management
Assist procurement in Facilitating and managing compliance of their activities to relevant regulation and legislation as well as Armscor’s policies
Competitive bid financial evaluation
Assist in Applying for credit limits and facility with Suppliers
Staff management
People Management for the Finance Section
Staff performance management
Establish workplace skills plan for personnel in the section
Training of staff as per identified skills gap
Manage time and attendance of personnel to ensure productivity
Train personnel on latest updates on the financial system
Establish individual development plans and ensure achievement
Ad Hoc projects for the entire Dockyard
Perform any ad hoc requirements
Advice divisional managers on accounting issues
Resolve audit queries from internal and external auditors
Perform compliance tests on a quarterly base to ensure compliance to requirements
Control and monitor access to the accounting system
Control and communicate periodic system closure
Improvements to systems and effective utilization of resources at the Dockyard
Preparing monthly and quarterly reports to the Executive Manager Dockyard for reference to the Dockyard.

Financial Manager

Wits health Consortium Pty Ltd

10.2014 - 09.2016

Financial Management
Develop and implement financial strategies and activities aligned with the division’s needs
Develop and improve systems, processes, procedures and policies by practicing sound governance
Implement and enhance financial and accounting systems, processes, tools and control systems
Develop and utilise activity-based financial analyses that provide insight into the division’s operations
Provide strategies in the set- up of the creditors department, tracking of purchase orders and procurement
Compile and maintain the organization fixed asset register
Manage disposal of fixed assets in line with policy
Conduct assessments of accounts and issued payments to reconcile the Fund’s general ledger
Ensure effective cash flow management and administration of the projects bank account
Establishing of preferred supplier lists, BBBEE criteria and rating and cost saving initiatives
Oversee cash flow planning and management and ensure availability of funds as needed
Establish financial management mechanisms that reduce financial risk
Oversee legal and regulatory compliance regarding all financial functions
Conduct assessments of accounts and issued payments to reconcile the organization general ledger
Review accounting records and financial statements and implement improvements
Work with Audit and internal audit Manager to ensure the organization readiness for audit
Financial reporting (division and donor)
Manage and review all month-end and year-end closing activities
Manage the preparation of month-end and year-end financial statements
Manage the preparation and communication of monthly and annual financial statements
Produce accurate financial reports within set deadlines to relevant stakeholders
Perform trend analysis and make recommendations
Manage the consolidation of relevant financial reporting data
Budget management
Collaborate with managers to develop annual budgets
Forecast future financial outcomes
Plan, prepare and review annual budgets, including Operations budget, for approval by stakeholders
Disseminate and present budgets to stakeholders (including donors)
Monitor the budget through effective internal controls
Manage expenditures and report any irregularities
Manage cost recovery from projects
Take appropriate steps to prevent unauthorized expenditure or overspending
Produce variance reports and budget forecasts
Review and validate all monthly expenditure reports and ensure accuracy of information against budget and approved forecast
Perform various statistical analysis (projections and ratios) to track budget expenditure and abnormalities
Manage the projection of costs for the following year budget purposes and negotiate allocations with Divisional Unit Heads
Stakeholder liaison and financial advice
Gain a full understanding of the division’s financial needs
Act as a strategic business partner in providing expert advice on the rectification of over- and under-spending
Alert the division of exceptional problems
Advise the division on allocations and accruals of expenses
Communicate with senior management (including Leadership Groups) regarding cash flow and business developments
Provide strategic input and advice into the appropriate resource and technical capacities for WHC
Serve as the point of contact for internal and external auditors
Staff management
Attend to all staffing requirements and administration
Supervise and manage the duties of subordinates to ensure optimal staff utilization and maintenance of sound labour relations
Perform and facilitate performance development and assessments
Identify substandard performance by team members and take necessary corrective action
Coach and train subordinates and team members to ensure the acquisition of knowledge and skills required by the organization
Promote harmony, teamwork and sharing of information
Reporting Financial Accountant, Financial Intelligence Centre
January 2012 to September 2014
Responsibilities: Cash Management
Load payments into Standard bank for authorization
Forex payments
Ensure that all supporting documents for EFT payments are complete and presented to the authorizes for signing
Creating payroll related bank transfers for approval by management
Prepare cash flow statements
Review bank recon on a weekly basis
Administer petty cash process
Fixed Asset Management
Keep track of movement, acquisitions and disposal of assets
Assist with maintaining the accuracy of the asset registers and safeguarding of assets
Provide regular feedback reports on all FIC assets
Perform full asset counts and ad-hoc physical asset verifications
Assess the condition of assets and recommend disposals
Check all incoming goods against delivery notes and purchase requisitions
Ensure that goods received are within the agreed contract price and in good order
Tag assets as goods are received
Inform Finance Department of all necessary information regarding assets received
Recommend control measures to safeguard assets and assist with the implementation thereof
Ensure that the asset policies and procedures are adhered to at all times
Ensure that all assets in the Centre are properly tagged and easily located
Perform monthly fixed assets recons
Taxation
Filling EMP201 on a monthly basis
Reconciling EMP201 per the general ledger and the VIP report to the EMP 201’s on a monthly basis
Month end, Year-end and Reporting
Preparing monthly journals (accruals, payroll, intercompany cost journals, provisions, prepayments)
Review creditors reconciliations
Prepare payroll reconciliations
Prepare monthly general ledger reconciliations and analytical reviews
Prepare sub-modules integration at reconciliation and month-end closures
Pass approved correcting journal entries, as and when needed
Supervise the input and handling of financial transactions by the finance team
Establish, maintain and co-ordinate the implementation of accounting control procedures
Prepare monthly management reports and co-ordinate quarterly report information to be sent to National Treasury
Analyze financial reports to identify early warning signs (Actual versus Budget Analysis)
Forecast, manage and optimize financial resources ensuring all expenditure is in line with the agreed budget
Prepare and coordinate annual budget process, and ensure budgets are consistent with FIC’s strategic plan, and monitor the implementation
Develop, implement and maintain appropriate financial systems, policies and procedures ensure controls are adhered to as per PFMA
Review and approve financial activities performed by the trainee accountant
Monitor Supply Chain Management process
Prepare for year-end closure and annual financial statements
Coordinate audit process for both internal and external auditors in completing audits
Help resolve audit queries
Financial Accountant, Creditworx Pty Ltd
October 2009 to December 2011
Responsibilities: Cash Management
Loading payments into ABSA business online for authorization
Forex payments
Ensuring the loading of EFT payments and ensure that all supporting documents for EFT payments are complete and presented to the authorizes for signing
Creating the payroll related bank transfers for approval by management
Ensure the transfer of funds between the branches bank account into the main trust account
Produce accurate and timely cash flow forecast reports
Check bank balance on a daily basis and communicate to senior management
Review bank reconciliation on a weekly basis
Managing the trust accounts and reconciliations (e.g
Ensuring that interest are net off against the bank charges and transferred to the business account)
Review Petty Cash recons
Looking after the company investment account i.e
Calculating and accruing for interest earned and liaising with the bank with any bank related queries
Fixed Asset Management
Record assets acquisitions and assets disposals
Ensure that journal entries on FAR are appropriate and accurate
Determines depreciation methods and useful lives of the fixed assets, maintains depreciation schedules with updates as needed
Perform fixed assets reconciliations
Ensure that the FAR is in compliance with the accounting standards (IFRS)
Ensure that policies and procedures are followed up with regard to acquisitions and disposals
Taxation
Filing VAT returns on a monthly basis
Reconciling VAT per the general ledger to the VAT 201’s on a monthly basis
Filling EMP201 on a monthly basis
Reconciling EMP201 per the general ledger and the VIP report to the EMP 201’s on a monthly basis
Income tax calculation and filling company income tax returns (IT14)
Liaison SARS will all tax related queries
Month end and Reporting
Preparing monthly journals (accruals, payroll, intercompany cost journals, provisions, prepayments)
Amortization and smoothing of leased equipment
Review creditors recon
Review debtors recon
Manage debtors’ age analysis and help with debtor’s collection if necessary
Prepare payroll reconciliations and rented building
Prepare all general ledger reconciliations
Intercompany Invoicing
Intercompany Transactions and intercompany Reconciliations
Prepare monthly finance report (Budget versus actual expenses)
Prepare monthly management reports
Year end
Prepare all year end journal and Prepare audit file
Preparation of the consolidated annual financial statements
Assist auditors in execution of their duties and resolve all audit queries
Auditor/Accountant, Desai Jadwat Incorporated, Johannesburg
May 2005 to September 2009
Responsibilities
Accounting Duties
Capturing Invoices, bank Statements, purchases, cash payment and cheque payments
Preparing general ledger recon i.e
Bank recon, creditor’s recon, debtor’s recon, salaries recon, vat recon and sales recon
Preparing trial balance
Asset management
Prepare Annual Financial Statements for various clients
Completing statutory for CIPRO documents for various clients
Preparing VAT returns and VAT recons for various companies
Preparing Income tax returns for various companies
Auditing duties
Audit planning, perform audit section and cycles
Auditing financial statements for various companies, Non-profit organizations, government departments, Municipality entities and Attorneys/Trust by checking completeness and accuracy of Fixed Assets, Employee Benefits, Revenue, inventory and bank and cash
Verify accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers
Prepare management and Audit reports for various companies
Investigates initial entry of financial books to verify that accounting procedures and recorded transactions have been calculated accurately
Ensure all financial procedures are followed according to regulations and the company’s policies and procedures
Ensure that companies are run efficiently, public records kept accurately, and taxes paid properly and on time
Liaison with various clients
Determine the controls in place over the financial system to ensure the accuracy and completeness of the transactions
Ensure that supporting documentation are properly filed and safeguarded
Ensure that property of the entity is properly maintained, safe and secured
Ensure compliance with Public Finance Management Act, Treasury Regulations and other relevant laws and regulations
Assess control in place to prevent error, fraud and omission
Prepare profit and loss statements and monthly closing and cost accounting reports
Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions
Establish, maintain, and coordinate the implementation of accounting and accounting control procedures
Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents
Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control
Supervise the input and handling of financial data and reports for the company's automated financial systems
Prepare Annual Financial statements
Develop and Evaluate policies and procedures regarding debtors management
Ensure adherence to financial and compliance standards and guidelines
Analyze financial information.

Reporting Financial Accountant

Financial Intelligence Centre

01.2012 - 09.2014

Responsibilities: Cash Management
Load payments into Standard bank for authorization
Forex payments
Ensure that all supporting documents for EFT payments are complete and presented to the authorizes for signing
Creating payroll related bank transfers for approval by management
Prepare cash flow statements
Review bank recon on a weekly basis
Administer petty cash process
Fixed Asset Management
Keep track of movement, acquisitions and disposal of assets
Assist with maintaining the accuracy of the asset registers and safeguarding of assets
Provide regular feedback reports on all FIC assets
Perform full asset counts and ad-hoc physical asset verifications
Assess the condition of assets and recommend disposals
Check all incoming goods against delivery notes and purchase requisitions
Ensure that goods received are within the agreed contract price and in good order
Tag assets as goods are received
Inform Finance Department of all necessary information regarding assets received
Recommend control measures to safeguard assets and assist with the implementation thereof
Ensure that the asset policies and procedures are adhered to at all times
Ensure that all assets in the Centre are properly tagged and easily located
Perform monthly fixed assets recons
Taxation
Filling EMP201 on a monthly basis
Reconciling EMP201 per the general ledger and the VIP report to the EMP 201’s on a monthly basis
Month end, Year-end and Reporting
Preparing monthly journals (accruals, payroll, intercompany cost journals, provisions, prepayments)
Review creditors reconciliations
Prepare payroll reconciliations
Prepare monthly general ledger reconciliations and analytical reviews
Prepare sub-modules integration at reconciliation and month-end closures
Pass approved correcting journal entries, as and when needed
Supervise the input and handling of financial transactions by the finance team
Establish, maintain and co-ordinate the implementation of accounting control procedures
Prepare monthly management reports and co-ordinate quarterly report information to be sent to National Treasury
Analyze financial reports to identify early warning signs (Actual versus Budget Analysis)
Forecast, manage and optimize financial resources ensuring all expenditure is in line with the agreed budget
Prepare and coordinate annual budget process, and ensure budgets are consistent with FIC’s strategic plan, and monitor the implementation
Develop, implement and maintain appropriate financial systems, policies and procedures ensure controls are adhered to as per PFMA
Review and approve financial activities performed by the trainee accountant
Monitor Supply Chain Management process
Prepare for year-end closure and annual financial statements
Coordinate audit process for both internal and external auditors in completing audits
Help resolve audit queries.

Financial Accountant

Creditworx Pty Ltd

10.2009 - 12.2011

Responsibilities: Cash Management
Loading payments into ABSA business online for authorization
Forex payments
Ensuring the loading of EFT payments and ensure that all supporting documents for EFT payments are complete and presented to the authorizes for signing
Creating the payroll related bank transfers for approval by management
Ensure the transfer of funds between the branches bank account into the main trust account
Produce accurate and timely cash flow forecast reports
Check bank balance on a daily basis and communicate to senior management
Review bank reconciliation on a weekly basis
Managing the trust accounts and reconciliations (e.g
Ensuring that interest are net off against the bank charges and transferred to the business account)
Review Petty Cash recons
Looking after the company investment account i.e
Calculating and accruing for interest earned and liaising with the bank with any bank related queries
Fixed Asset Management
Record assets acquisitions and assets disposals
Ensure that journal entries on FAR are appropriate and accurate
Determines depreciation methods and useful lives of the fixed assets, maintains depreciation schedules with updates as needed
Perform fixed assets reconciliations
Ensure that the FAR is in compliance with the accounting standards (IFRS)
Ensure that policies and procedures are followed up with regard to acquisitions and disposals
Taxation
Filing VAT returns on a monthly basis
Reconciling VAT per the general ledger to the VAT 201’s on a monthly basis
Filling EMP201 on a monthly basis
Reconciling EMP201 per the general ledger and the VIP report to the EMP 201’s on a monthly basis
Income tax calculation and filling company income tax returns (IT14)
Liaison SARS will all tax related queries
Month end and Reporting
Preparing monthly journals (accruals, payroll, intercompany cost journals, provisions, prepayments)
Amortization and smoothing of leased equipment
Review creditors recon
Review debtors recon
Manage debtors’ age analysis and help with debtor’s collection if necessary
Prepare payroll reconciliations and rented building
Prepare all general ledger reconciliations
Intercompany Invoicing
Intercompany Transactions and intercompany Reconciliations
Prepare monthly finance report (Budget versus actual expenses)
Prepare monthly management reports
Year end
Prepare all year end journal and Prepare audit file
Preparation of the consolidated annual financial statements
Assist auditors in execution of their duties and resolve all audit queries.

Auditor/Accountant

Desai Jadwat Incorporated

05.2005 - 09.2009

Responsibilities
Accounting Duties
Capturing Invoices, bank Statements, purchases, cash payment and cheque payments
Preparing general ledger recon i.e
Bank recon, creditor’s recon, debtor’s recon, salaries recon, vat recon and sales recon
Preparing trial balance
Asset management
Prepare Annual Financial Statements for various clients
Completing statutory for CIPRO documents for various clients
Preparing VAT returns and VAT recons for various companies
Preparing Income tax returns for various companies
Auditing duties
Audit planning, perform audit section and cycles
Auditing financial statements for various companies, Non-profit organizations, government departments, Municipality entities and Attorneys/Trust by checking completeness and accuracy of Fixed Assets, Employee Benefits, Revenue, inventory and bank and cash
Verify accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers
Prepare management and Audit reports for various companies
Investigates initial entry of financial books to verify that accounting procedures and recorded transactions have been calculated accurately
Ensure all financial procedures are followed according to regulations and the company’s policies and procedures
Ensure that companies are run efficiently, public records kept accurately, and taxes paid properly and on time
Liaison with various clients
Determine the controls in place over the financial system to ensure the accuracy and completeness of the transactions
Ensure that supporting documentation are properly filed and safeguarded
Ensure that property of the entity is properly maintained, safe and secured
Ensure compliance with Public Finance Management Act, Treasury Regulations and other relevant laws and regulations
Assess control in place to prevent error, fraud and omission
Prepare profit and loss statements and monthly closing and cost accounting reports
Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions
Establish, maintain, and coordinate the implementation of accounting and accounting control procedures
Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents
Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control
Supervise the input and handling of financial data and reports for the company's automated financial systems
Prepare Annual Financial statements
Develop and Evaluate policies and procedures regarding debtors management
Ensure adherence to financial and compliance standards and guidelines
Analyze financial information.

Summary

Overview

Work History

Divisional Manager: Finance

Financial Manager

Financial Manager

Reporting Financial Accountant

Financial Accountant

Auditor/Accountant

Education

MBA Candidate -

Association of Chartered Certified Accountants - Accounting

Postgraduate in Business Administration -

BCOMPT Degree in Accounting, Auditing and Taxation -

Matric Senior Certificate -

Skills

Personal Information

Timeline

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