Hi, I’m
Ntsandeni Murunwa
Midrand
Summary
I have a Post Graduate Diploma in Management Accounting, with over 10 years of industry experience in accounting in private and the public sector. Experiences and strong points include managing project and supporting business units with cluster budgets, forecasting, reporting and variance analysis, project budget creation and maintenance, project forecast, accounts payable and receivables and maintenance of opex and capex.
Overview
17
years of professional experience
1
Certification
Work History
Mintek
Management Accountant
05.2022 - Current
Job overview
- Draw and analyse Profit centre and cost centre reports per allocated division
- Perform monthly period-end procedures, and related analytical functions when required
- Work extensively with SAP reports and interpret data for submission to Mintek management
- Investigate budget variances and report to Mintek management
- Manage divisions annual budgeting and regular forecasting
- Manage division’s budget reviews and compilation of budget packs
- Assist with determination of cost recovery rates
- Liaise extensively with other departments in Finance and within larger company environment
- Control and monitor the actual expenditure relating to CAPEX against budgeted CAPEX targets as well as handling issues arising from CAPEX process related to management accounting and project issues
- Ensure that the SAP Project Administration system is adhered to by reviewing and evaluating processes, ensuring compliance with SOP’s
- Evaluating and monitoring accuracy of projects
- Monitor, reconcile and exercise control over SBU financial functions
- Assist in implementation and compliance with financial legislative requirements
- Assist with business improvement and cost reduction initiatives
- Liaise and co-ordinate with auditors and SBU managers
- Compile monthly management packs for SBU’s inclusive of management accounting and project information as required
- Regular feedback sessions with SBU managers regarding their financials
- Perform overheads distribution and month end closure.
MultiChoice Group
Production Accountant
10.2019 - 05.2022
Job overview
- Financial Planning and Analysis: Preparation of channel budget
- Preparation of monthly cash flow forecasts and assessment of variances and trends
- Preparation of monthly rolling forecasts
- Track financial results against budget and reforecast and assess variances
- Preparation of forecasts and variance analysis monthly
- Preparation of monthly cash flow forecasts and assessment of variances and trends
- Managing the reporting process and compliance for productions
- Train and Assist producers with budget planning, cost alignment to format requirements and submissions for local productions
- Reviewing monthly reporting for productions
- Reviewing production variance analysis
- Assist production in preparation of budgets and forecast
- Managing production’s costing and recoveries
- Presentation of final production reviews
- Ad-hoc duties: Coordinate and assist with production audits
- Liaise with auditors with queries relating to production accounts both internally and externally
- Provide training to producers on the budget pack and reporting requirements
- Career growth.
Housing Development Agency
Officer: Projects Finance
04.2016 - 10.2019
Job overview
- Projects finance management, supply chain, accounts payable, accounts receivable and financial reporting
- Revenue and Accounts Receivable: Prepare debtors invoices to be captured in Sage following a signed funding agreement
- Liaise with relevant stakeholders (Province and Municipality) to ensure timeous receipts of debtor’s invoices
- Liaise with the stakeholders to ensure all queries are attended to
- Preparation of management fee to be recorded in the financial records
- Follow up on unpaid debtors’ invoices
- Project Finance Reporting: Review general ledger transactions to ensure accuracy and completeness of the journal entries
- Prepare journals to correct misallocated project transactions
- Reconciliation of budget against expenditure per project
- Assist in management account reporting by preparing projects status quarterly report
- Compiling weekly report for province and municipality for financial and non-financials
- Compile weekly dashboard for financials and non-financials per project
- Reporting on project commitments
- Prepare monthly cash flow forecast reports per project
- Supply Chain: Preparation of purchase requisitions for creation of purchase orders
- Preparation of memorandum to motivate the variation of purchase orders
- Assist in the preparation of projects service level agreement by providing financial information
- Provide supply chain management unit with the general ledger codes and budget available for the appointments of projects contractors
- Accounts payable: Reconciling and capturing of contractor’s invoices in sage
- Ensuring invoices agree with the agreed milestones in the service level agreement
- Follow up with contractors to ensure that invoices comply with accounts payable checklist
- Ad-hoc duties: Respond to all queries from province regarding the grants
- Attend and address all audit queries
- Assist with the development of Opex budget for regions.
Hatch
Project Accountant
04.2012 - 03.2016
Job overview
- Project Cost Controller: Project set-up, Budget, Forecasting, variance analysis and Resource management
- Project Set up and Maintenance
- Studying the Proposal and the contract to establish with suitable project set up
- And developing the work plan that stipulates the Deliverables, Wbs, Activities, Budgets, and Resources, Hours and Start and End dates
- Budget
- Development of the baseline budgets for WBS in terms of Hours, Cost and resources
- Weekly reporting on the budget to ensure the Project manager is aware of the budget
- Ensuring that each deliverable is delivered within the budget
- Forecasting the Hours, Cost and resources as a result of the team meeting
- Work Breakdown Structure (WBS)
- Development and creation of WBS packages for projects
- Creation and maintenance of activities for the WBS packages and allocations of Budgets
- Cost Control (Weekly and Monthly Analysis)
- Controlling the project’s costs through project reporting
- Reporting and maintaining the Budgeted hours and Costs, Forecast, estimate to complete (ETC), Estimate at Completion (EAC)
- Sub- Contracts
- Involved in the contract drawing for the subs
- Ensuring the Subs are aware of their deliverables, Schedule and terms of payments
- Ensuring the method of claiming and coding of their invoices is included in the contract
- Ensuring the Subs are paid in accordance to their contract’s agreement
- Invoicing
- Ensuring that invoicing is done at the agreed time with the client and relevant back-up is included
- Following up on outstanding invoices
- Calculations of CPA for the projects to be included in the invoices
- Project Accountant: Project Reporting (Assisting Management Accountant)
- Analysing of labour fees and cost
- Analysing the multiplier (Profitability)
- Investigate abnormal projects costs and fees
- Posting relevant journals (Accruals and provision)
- Reporting to decision makers
- Billing (SAP)
- Complete billing of client invoices (SAP)
- Ensuring clients are billed at the correct rate
- Inserting and allocating employee rates to projects
- Ensuring Sub-Consultants invoices are included in clients billing
- Updating PO for the billing and Costing purpose
- Drawing and compiling project progress report for project managers
- Attending meetings addressing and compiling reports for WIP and Receivables
- Fixed Price Reporting (SAP)
- Analysing of fixed price projects monthly
- Ensure the completed hours are in line with percentage complete from the PM
- Ensuring and determining revenue alignment entries needed
- Change analysis (Done with feedback from the Project managers)
- Investigating how many hours are unbilled and reasons
- Investigating the difference between this months and prior month costs
- Investigating hours/costs (sub-consultants) at risk
- Analyse any potential financial exposure.
Deloitte
Accounts Payable Consultant
11.2009 - 04.2012
Job overview
- Processing Payments on Sap Both foreign and local
- Accounts Payable both Foreign and local
- Calculating and Processing Retention and Penalties
- Calculating and Processing CPA (checking indices and calculations to ensure that the correct indices was used)
- Supplier Recon
- Inter-company Payments and Recon
- Ad-hoc Duties
- All Done on SAP
- Processing and payment of creditors local and foreign invoices using SAP systems
- Checking the Contract document
- Verifying the contract end date
- Comparing the amount claimed with the contract price list
- Checking retention period in the contact document
- Checking the assessment certificate
- Making follow up with project managers
- Checking that expenses incurred are within the budget
- APS processing and control
- Process matched orders /invoices taking note of terms of payment
- Journals, Discounts, foreign invoices, penalties, CPA's and late charges
- Record payment on order or payment detail sheet attached to the order
- Creditors’ payment period to be adhered to (30 days after invoice)
- Perform monthly reconciliations of supplier.
Absa Group
Customer Service Rep
03.2007 - 11.2009
Job overview
- Attending customer enquiries.
Education
University of South Africa
Postgraduate Diploma in Management Accounting (NQF8)
01.2021
University of South Africa
Advance Diploma in Management Accounting(NQF7)
01.2019
Tshwane University of Technology
B-Tech, Cost and Management Accounting(NQF7)
01.2013
Tshwane University of Technology
N-Dip, Cost and Management Accounting(NQF6)
01.2007
Khwevha Commercial High School
Matric
01.2002
Skills
- Managing Budget
- Cost Management
- Cash Flow Management
- Business partnering
- Financial Analysis
- Project analysis and Reporting
- Microsoft Office and SAP
- Report writing and Presentation skill
- Excellent verbal and written communication skills
- Well-developed investigative, evaluative and problem-solving ability
- Billing Management
- Financial Reporting
- Forecasting
- General Ledger Accounting
Certification
- CIMA Management Level Case study, Management accounting
- (Current)
Roles Summary
- MINTEK, Various Research, Product and Services Budget+-R700m P/A, Research and Development: Metallurgy, Division’s accounting business partner. Providing guidance on Cost centre and Profit centre
- MultiChoice, MNET TV shows. Channel 103,161,167 and 320 Budget +-R800m P/A, Content Creation, Managing divisional budget and individual show budget including monthly, yearly and 3 year budget and forecast.
- The HDA, Various provinces (Budget +-R3 billion), Construction of Sites and Service, low cost houses, Beneficiary administration and Happy letters, Managing regions budget and reporting to the Departing of Housing and Municipalities.
- Hatch, Umngeni Interchange (Budget +-R460m, Duration: 2009-2015) Hammarsdale Interchange Upgrading (Budget +-R276m, Duration: 2014-2016), Design, Tender and Construction management, Project Cost Controller: Project creation in Sap, monitoring and reporting. Resource Planning, Weekly labour and budget analysis, Management of the Sub Contractors. Project Accountant: Business partner to the divisional heads on Budget, Forecast, Project revenue and Reporting
Current Position
Business Unit: Management Accountant
Availability
One calendar month
Personal Information
- ID Number: 8503090763082
- Ethnicity: African
- Gender: Female
- Nationality: South African
Availability
See my work availability
Not Available
Available
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Management Accountant
Mintek
05.2022 - Current
Production Accountant
MultiChoice Group
10.2019 - 05.2022
Officer: Projects Finance
Housing Development Agency
04.2016 - 10.2019
Project Accountant
Hatch
04.2012 - 03.2016
Accounts Payable Consultant
Deloitte
11.2009 - 04.2012
Customer Service Rep
Absa Group
03.2007 - 11.2009
University of South Africa
Postgraduate Diploma in Management Accounting (NQF8)
University of South Africa
Advance Diploma in Management Accounting(NQF7)
Tshwane University of Technology
B-Tech, Cost and Management Accounting(NQF7)
Tshwane University of Technology
N-Dip, Cost and Management Accounting(NQF6)
Khwevha Commercial High School
Matric
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