PETER BILLY MONYAKI
ASSISTANT MANAGER
27119 5th Avenue,Ehrlich Park, Bloemfontein,Free State
Summary
- Billy Monyaki is an honest, reliable, motivated and committed individual. He is in possession of B.com Accounting degree majoring with the following subjects:
- Auditing
- Management Accounting
- Taxation
- Accounting
- In addition to B.Com degree, I obtained certificates in finance related courses such as Cost and Management Accounting, Junior Bookkeeper: Payroll and Monthly SARS Returns, Public Finance Management and Administration. My skills were tested and strengthened for the duration of 4 years while working as an audit clerk performing both internal and external audit for both local and provincial government and parastatals. Whilst still working as an audit clerk, I performed accounting work for nonprofit organisations. After the completion of my articles, I further went to work at Free State Development Corporation as a Cashbook Clerk and later moved to Netcare where I worked as a financial accountant. In my journey I got appointed at Centlec (SOC)Ltd as an Accountant in 2012, I worked in various finance departments and grew in a company where I was later appointed as an Assistant Manager. In 2018, I enrolled with the South African Institute of Professional Accountants (SAIPA) in project called Project Achiever where I got my Post Graduate Diploma: Professional Accountant in Practice and qualified as a Professional Accountant (SA). I am currently registered as a member of the South African Institute of Professional Accounts with membership number 51109.
Overview
22
22
years of professional experience
14
14
years of post-secondary education
Work History
Assistant Manager
Centlec (Soc) Ltd
09.2017 - Current
- Responsible for contributing to the preparation of the annual budget and adjustment budget submission
- Responsible for expenditure monitoring and cash flow management
- Analyse the need to transfer funds appropriated for the programme between subprograms, within rules defined by the MFMA
- Consultation and liaison with the Chief Finance Officer and Project Managers on all issues relating to financial management of the programme/projects
- Responsible for the performance and delivery of services or outputs and for contribution towards the achievement of relevant department or cluster outcomes
- To ensure that the Medium-Term Revenue and Expenditure Framework (MTREF) budget has been prepared and submitted to the parent municipality at least 150 days before the start of the new financial year for council approval
- To implements budgeting and financial record keeping procedures to ensure efficient coordination of various departmental grant and designated accounts
- To maintains accurate information regarding the financial status of the cost centre, advises the immediate supervisor regarding financial decisions,
- To review annual budget and adjust the revenue and expenditure estimates downwards if there is material under-collection of revenue during the current year
- To revise or accelerate spending programmes already budgeted for: may, within a prescribed framework,
- To verify if funds are available and expenditure is correctly classified
- To ensure that correct votes has been used when material from stores are to be issued out
- Capturing of virements and authorising of journals captured in the financial system
- Prepare virement report for Exco
- To review monthly and quarterly Service Delivery and Budget Implementation Plan (SDBIP)
- ADHOC Duties
- Assist in the preparation of monthly Bank Reconciliation
- Assist in reconciling vendors accounts and commission statement
- Assist in recalculating salary increases
- Assist Human Resource and Payroll department with compiling and structuring salaries and benefits of the employees for budgeting purposes
- Providing advice in terms of locating deposit incorrectly allocated
Accountant
Centlec (Soc) Ltd
01.2012 - 08.2017
Cash Book and General Ledger Accountant
Centlec (SOC) Ltd
01.2012 - 01.2017
- Responsible for downloading bank statement from the cash focus on daily basis and load them into Venus Financial System
- Update the cashbook on daily basis and performs monthly bank and sub ledger reconciliation
- Resolving customer’s queries and allocating the money received from the clients to their respective electricity accounts and update their accounts
- Liaison with the bank for unknown deposit and payments and clearing suspense account
- Reconcile cashier’s report to the bank deposit and the payment files to payment vouchers on Venus System
- Attending/solving audit queries and implementing audit recommendations
- Perform reconciliation between Control Accounts and Sub-Ledger Accounts, pass journals and provide recommendations where necessary
- Monitor the investment accounts, update both the investment register and investment account in the general ledger
- Reconcile bank statement to the investment register and general ledger and prepare journals
- Comply with the Municipal Finance Management Act (MFMA) and internal policies in place and ad hoc.
Financial Accountant
Netcare
09.2011 - 01.2012
Accounting Officer (Cash Book Clerk)
Free State Development Corporation
03.2010 - 08.2011
Accounting Officer (Cashbook Clerk)
Free State Development Corporation
03.2010 - 08.2011
- Responsible for ensuring that cash received has been credited to the customer’s accounts, posting transactions to the relevant general ledger accounts and clearing sub general ledger accounts
- Reconcile MDA system to SAP system and reconcile bank account to the cash book
- Performing daily and monthly bank reconciliation, performing VAT reconciliation to the transactions in the trial balance
- Allocate money received from the clients to their respective loan accounts and update their accounts
- Liaison with the bank for unknown deposit and payments and clearing the suspense account
- Performed asset verifications, solving queries made by clients on their accounts, preparing journals and attending/solving audit queries and implementing audit recommendations
- Comply with the Public Finance Management Act (PFMA) and internal finance policies in place and ad hoc.
Financial Accountant
Netcare
09.2001 - 01.2011
- Responsible for obtaining the bank statement daily, recording direct deposit in direct deposit register and issuing the receipt for the cash book clerk to capture on SAP
- Verify daily cash count done by banking clerk and lock the cash in the steel safe until cash in transit personnel comes to collect it
- Overseeing that creditor’s is paid within 30 days after rendering the service
- Performing linen, catering, petrol and S&T reconciliation
- Passing journal into SAP system and preparing monthly financial statements for the financial manager to review before sending them to head office
- Review the inventory count, petty cash and attending matters that the reception supervisor and personnel experiences on daily basis
- Approve salaries to be paid to the cash book account payable and receivable clerks on monthly basis
- Comply with the internal policies in place and ad hoc.
Audit Clerk / Trainee Accountant
Gobodo CA
01.2006 - 01.2010
Trainee Accountant
Gobodo
01.2006 - 01.2010
- Complete sampling working papers to obtain sample percentage and complete the audit methodology to be implemented during the audit
- Agree and cross reference the balances in the trial balance to the amounts disclosed in the financial statement
- Examine and evaluate information systems, management procedures and controls to ensure that the records are accurate and controls are adequate
- Review company’s operations, evaluating their efficiency, effectiveness, and compliance with corporate policies and government regulations
- Verify that the invoice complies with SARS requirement and that the VAT percentage is calculated correctly as described in VAT act
- Recalculate output and input vote and the difference is compared to the VAT 201 amount declared
- Audit the financial statements of the clients to ensure they represent the state of their affairs
- Report and make recommendations regarding improving operations and financial position of company
- Perform asset count and assets verification and reconcile to the asset register
- Examines and analyses accounting records to determine financial status of the establishment
- Verify the effectiveness of the organization’s controls and check for mismanagement, wasteful expenditure and value for money
- Prepares reports concerning operating procedures and financial management.
Education
Post Graduate Certificate in Education - Education
Central University of Technology
Free State, Bloemfontein 01.2022 - Current
Post-graduate Diploma - Accounting And Finance
South African Institute of Professional Accountants
Free State, Bloemfontein 06.2018 - 12.2018
National Diploma - Public Finance Management and Administration
Morar Inc
Free State , Bloemfontein 01.2016 - 12.2016
Certificate in Payroll and Monthly SARS Returns - Accounting
Institute of Certified Bookkeepers And Accountants
Free State, Bleomfontein 01.2014 - 12.2014
Bachelor of Commerce - Accounting And Business Management
Free State University
Free State, Bloemfontein 01.2000 - 12.2004
High School Diploma -
St.Bernard High School
Free State Bloemfontein 01.1995 - 12.1999
Skills
MS Wordundefined
Additional Information
- Criminal Record: , None Drivers License Code: 08 Health Condition: Excellent Formal Education Date Institution Qualification Gained 2022
Timeline
Post Graduate Certificate in Education - Education
Central University of Technology
01.2022 - Current
Post-graduate Diploma - Accounting And Finance
South African Institute of Professional Accountants
06.2018 - 12.2018
Assistant Manager
Centlec (Soc) Ltd
09.2017 - Current
National Diploma - Public Finance Management and Administration
Morar Inc
01.2016 - 12.2016
Certificate in Payroll and Monthly SARS Returns - Accounting
Institute of Certified Bookkeepers And Accountants
01.2014 - 12.2014
Accountant
Centlec (Soc) Ltd
01.2012 - 08.2017
Cash Book and General Ledger Accountant
Centlec (SOC) Ltd
01.2012 - 01.2017
Financial Accountant
Netcare
09.2011 - 01.2012
Accounting Officer (Cash Book Clerk)
Free State Development Corporation
03.2010 - 08.2011
Accounting Officer (Cashbook Clerk)
Free State Development Corporation
03.2010 - 08.2011
Audit Clerk / Trainee Accountant
Gobodo CA
01.2006 - 01.2010
Trainee Accountant
Gobodo
01.2006 - 01.2010
Financial Accountant
Netcare
09.2001 - 01.2011
Bachelor of Commerce - Accounting And Business Management
Free State University
01.2000 - 12.2004
High School Diploma -
St.Bernard High School
01.1995 - 12.1999
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