Octavia Mogotsi
Steelpoort
Summary
Results-driven accountant with 17 years of extensive experience in finance, specializing in cost and management accounting within the mining, petrochemical, and steelmaking industries. Proven expertise in management reporting, variance analysis, forecasting, budgeting, and account reconciliations ensures a comprehensive approach to financial oversight. Proficient in SAP (FI, CO, SD, MM), SAP Business Warehouse, Nipps production system, Dynaweb system, Global Spreadsheet Server, and Coupa Procurement System enhances operational efficiency. Holds a Bachelor of Commerce in Management Accounting and an Advanced Management Certificate, demonstrating a strong foundation in financial principles and strategic management.
Overview
18
18
years of professional experience
Work History
FA Costing Practitioner/ Shaft Accountant
Samancor Eastern Chrome Mine
12.2021 - Current
- Responsible for weekly forecast.
- Releasing Purchase requisitions and Service entries on Coupa procurement system.
- Conducting weekly cost review meetings with line management.
- Preparing and compiling monthly cost reports for line management.
- Preparing BU Production comments for Head office.
- Preparing variance analysis of current results against annual budget.
- Prepare SAP journals to ensure correct cost allocation between GL accounts.
- Evaluate completeness of monthly cost and create provisions where necessary.
- Monitoring and controlling costs to ensure they are allocated to the correct cost center and general ledger account.
- Responsible for coordinating and preparing budgets with line management.
- Interacting with all relevant internal and external role players.
- Attending to ad-hoc financial information requests.
FA Costing Practitioner/ Shaft Accountant
Samancor Eastern Chrome Mine
12.2021 - Current
- Responsible for weekly forecast.
- Releasing Purchase requisitions and Service entries on Coupa procurement system.
- Conducting weekly cost review meetings with line management.
- Preparing and compiling monthly cost reports for line management.
- Preparing BU Production comments for Head office.
- Preparing variance analysis of current results against annual budget.
- Prepare SAP journals to ensure correct cost allocation between GL accounts.
- Evaluate completeness of monthly cost and create provisions where necessary.
- Monitoring and controlling costs to ensure they are allocated to the correct cost center and general ledger account.
- Responsible for coordinating and preparing budgets with line management.
- Interacting with all relevant internal and external role players.
- Attending to ad-hoc financial information requests.
Acting FA Costing Specialist
Samancor Eastern Chrome Mine
09.2022 - 01.2023
- Consolidating the ECM weekly forecast.
- Releasing Purchase requisitions and Service entries on Coupa procurement system.
- Consolidating ECM Production comments for Head Office.
- Perform month end processes.
- Correct and journalize incorrect cost transactions for ECM.
- Responsible for coordinating and preparing budgets with line management.
- Evaluate completeness of monthly cost and create provisions where necessary.
- Loading of accruals and reversals of previous month accruals in SAP.
- Prepare monthly cost and management reports.
- Monthly GL reconciliations
- Interacting with all relevant internal and external role players.
- Attending to ad-hoc financial information requests.
- Monitoring and controlling costs to ensure they are allocated to the correct cost center and general ledger account.
- Attending to internal and external auditors' requests.
Management Accountant
Arcelormittal
07.2021 - 11.2021
- Responsible for cost control liaison with line management.
- Populating and uploading Global Cost Benchmarking model.
- Responsible for weekly and monthly forecast.
- Responsible for preparing the buying variance report.
- Preparing production variance analysis report and distributing to line Management for reasons.
- Evaluate completeness of monthly cost and create provisions where necessary.
- Responsible for balancing the productions tons between Dynaweb and NIPPS system.
- Month end journal entries including inter- company entries
- Monitoring and controlling costs to ensure they are allocated to the correct cost center and general ledger account.
- Preparing general ledger reconciliations.
- Preparing and compiling monthly cost reports for the unit.
- Conducting monthly cost review meetings with line management.
- Providing administrative support to financial investigations and inquiries.
- Interacting with all relevant internal and external role players.
- Strong focus on deriving business value with emphasis on cost control.
- Attending to ad-hoc financial information requests.
- Providing administrative support to financial investigations and inquiries.
- Interacting with all relevant internal and external role players.
Management Accountant
Sasol
12.2018 - 06.2021
- Prepare detail cost information to enable the managing of costs/budgets.
- Prepare monthly analysis of cost centers' to identify areas of concern to be addressed by the section Manager.
- Generate detail monthly cost reports with variance explanations.
- Prepare and analyse financial information received for budgets and Forecasts from line management.
- Perform variance analysis of expenditure against budget, prior year and forecasts.
- Support finance team (manager in preparing BU)/value chain results for budget presentations and quarterly BU Exco forecast presentations.
- Compare budget and forecast information between different areas to determine and establish best practices.
- Prepare financial information received for budgets and forecasts to do inputs into Sap system.
- Prepare monthly forecast for the BU /value chain.
- Maintain SAP structures to align with BU / value chain requirements and make budget changes accordingly.
- Prepare monthly cost reporting of the BU / value chain / area results.
- Evaluate completeness of monthly cost and create provisions & accruals where necessary.
- Prepare monthly Water reconciliation.
Finance Graduate in Training
Arcelormittal
10.2008 - 03.2011
- Month end journal entries
- Material costing
- Monitoring costs and controlling costs to ensure they are allocated to the correct cost center and general account.
- Responsible for the weekly CEO report for the plant.
- Preparing the Flash report.
- Rotating within Marketing department.
- Responsible for preparing the monthly cost report for the plant.
- Updating Global cost benchmarking model.
- Updating the profitability analysis model.
- Assisting in compiling Bar review packs quarterly.
- Involved in the yearly budget process.
- Conducting monthly cost review meetings with line management.
Bulk Teller
Absa
04.2008 - 09.2008
- Performing all duties related to teller function
- Acting as a custodian for Tellers and Treasury
- Delivering guide and accurate customer service
- Adhering to all audit requirements
- Maintaining teller float target daily
- Collecting cash from tellers at the end of the day
- Balancing teller float daily
- Passing sales leads to consultants
Education
Advanced Certificate - Management
Millpark Business School
Midrand01.2017
Bachelor of Commerce - Management Accounting
University of South Africa
Pretoria, South Africa01.2007
High School Diploma -
Kgomotso Comprehensive High School
Pretoria, South Africa01.2001
Skills
- Budgeting & Forecasting
- Cost Accounting & Control
- Variance Analysis & Reporting
- GL Reconciliations
- Analytical and problem solving skills
- Accuracy and an eye for detail
- Adapt easily to change
- Good organizational and planning skills
- Communication and Interpersonal skills
- Presentation skills
- Can work independently and in a team
- Deadline driven
- Ability to work under pressure
- ERP:SAP(FI,CO,MM,SD)
- Coupa
References
To be provided on request.
Timeline
Acting FA Costing Specialist
Samancor Eastern Chrome Mine
09.2022 - 01.2023
FA Costing Practitioner/ Shaft Accountant
Samancor Eastern Chrome Mine
12.2021 - Current
FA Costing Practitioner/ Shaft Accountant
Samancor Eastern Chrome Mine
12.2021 - Current
Management Accountant
Arcelormittal
07.2021 - 11.2021
Management Accountant
Sasol
12.2018 - 06.2021
Finance Graduate in Training
Arcelormittal
10.2008 - 03.2011
Bulk Teller
Absa
04.2008 - 09.2008
Advanced Certificate - Management
Millpark Business School
Bachelor of Commerce - Management Accounting
University of South Africa
High School Diploma -
Kgomotso Comprehensive High School