Summary
Overview
Work History
Education
Skills
References
Timeline
Generic

Phakamani Bongumusa Mncube

Financial Officer
Chesterville

Summary

Financial professional with broad experience in financial management, strategic planning, and risk assessment. Proven track record in optimizing financial operations and driving growth while ensuring compliance. Strong focus on team collaboration, adaptability to changing needs, and delivering impactful results. Skilled in budgeting, forecasting, financial analysis, and stakeholder communication. Dependable and results-oriented with commitment to excellence.

Overview

13
13
years of professional experience
8052
8052
years of post-secondary education
2
2
Languages

Work History

Financial Officer

Trade & Investment Kwa-Zulu Natal
DURBAN
11.2022 - Current
  • Ensure all invoices are received and recorded.
  • Ensure all invoice hard and soft copies are approved by respective managers.
  • Capture invoices on the accounting system.
  • Prepare creditors and debtors reconciliations.
  • Bank reconciliations.
  • Forward captured invoices with supporting completed source documents for payment to the Financial Accountant.
  • Prepare electronic transfer documents for international payments.
  • Posting payments on the accounting system from statement from the bank.
  • Ensure processing of claims for S & T, advances for staff members and board members.
  • Prepare claims to be submitted to Financial Accountant for checking and payment.
  • Manage & monitor Fruitless, Wasteful and Irregular expenditure.
  • Assist the Financial Accountant with preparing the cashflow to be submitted to the mother department.
  • Preparation of the Audit file.
  • Collating audit file accurately & timeously.
  • Preparing audit information as requested by the Auditor General.
  • Ensuring streamlined & efficient audit process.
  • Attending to audit queries as they come.
  • Monitoring of budget to ensure business units do not exceed allocated budget.
  • Preparing budget management reports.
  • Management of virement funds.
  • Bi-Annually reporting of accruals
  • Compiling payroll input from the accounting system.
  • Management of open orders
  • Supervise, Review, and manage Finance Clerks
  • Ensuring all assets are recognized & recorded as they are acquired.
  • Assets capitalization.
  • Updating assets register.
  • Conducting monthly assets depreciation.
  • Conducting assets verification bi-annually.
  • Carrying out assets disposal.
  • Ensuring newly acquired assets are insured.
  • Preparing monthly assets reconciliation.
  • Key Performance Areas/Duties:
  • Creditors Management & Cash flow Management
  • Audit Coordination.
  • Budget Management.
  • General Administration.
  • Assets management
  • Reduced operational expenses with a thorough analysis of departmental budgets, identifying areas for cost savings.
  • Conducted detailed scenario analysis on several key projects leading to better informed decisions from top management.
  • Developed comprehensive financial models to support strategic decision-making and business growth.
  • Assisted in the successful completion of annual audits, liaising effectively with external auditors and providing timely responses to all queries.
  • Analyzed budgets, financial reports, and projections for accurate reporting of financial standing.
  • Complied with established internal controls and policies.

Budget Intern - Financial Officer

KZN Dept of Economic Development Tourism & Environ
DURBAN
04.2013 - 09.2022
  • Compiling Medium Term Expenditure Framework
  • Preparing the annual/adjustment budget
  • Request BAS reports and compile budget and expenditure control statements
  • Monitoring the allocated budget, commitments, and actual expenditure
  • Monitoring & evaluating incorrect allocations and preparing journals.
  • Preparing reports detailing the status of grant expenditure and submitting reports to National Treasury
  • Prepare the compilation of annual financial statements (AFS) and Interim Financial statements (IFS).
  • Assist the consolidation and submission of reports (IYM, Revenue, Budget Quarterly Reports, IFS & AFS) and appropriation account to the Accounting Officer.
  • Implement, monitor and report on the cost-cutting measures on regular basis.
  • Assist the preparation of MTEF Budgets in liaison with Internal Programs & Provincial Treasury
  • Assists consolidate monthly reports and appropriation account.
  • Receiving Invoices and recording invoices on the invoice register.
  • Checking the completeness and accuracy of the invoices.
  • Receiving purchase orders and recording them on the purchase order register.
  • Checking the completeness and accuracy of the purchase order.
  • Check all vouchers before processing for payments.
  • Process invoices for payment.
  • Capturing the invoices on the system (Basic Accounting System).
  • Voucher control.
  • Accounts payable management.
  • Monitor and reconciliation of Revenue and Maintenance of supplier’s entity information on BAS.
  • Attending to audit queries by internal and external auditors.
  • Compiling Payables & Accruals and Commitments register for the Annual Financial Statements inputs.
  • Supervise, Review, and manage Finance clerks
  • Key Performance Areas/Duties:
  • Managed team of 5 finance and operations professionals, with day-to-day responsibility for contracting, order processing, forecasting, budgeting, reporting and analysis.
  • Supported staff members in their daily tasks, reducing workload burden and allowing for increased focus on higher-priority assignments.
  • Evaluated staff performance and provided coaching to address inefficiencies.
  • Mentored junior finance staff members, fostering professional development through ongoing training opportunities and targeted feedback on performance improvement areas.

Finance Intern(Project& Management Accounting)

KwaZulu-Natal Tourism Authority
DURBAN
05.2012 - 03.2013
  • Income and Expenditure report compilation and presentation for management.
  • Income and Expenditure Controlling.
  • Budget controlling.
  • Project Management & Reconciliation.
  • Correcting of misallocation on the system (SAP)
  • Asset Management.
  • Key Performance Areas/Duties:
  • Prepared and posted financial journal entries using technically relevant software.
  • Supported organizational account management duties under direct supervision.
  • Collaborated with team members on financial projects, resulting in more efficient workflows and timely completion.
  • Reviewed expense reports for accuracy, ensuring compliance with company policies and procedures.
  • Reviewed statements with staff accountants to inform corporate and individual financial planning.
  • Played key role in audit preparation, ensuring compliance with regulatory standards.

Education

Bcom Honours - Management Accounting

University of Kwa-Zulu Natal
Durban, South Africa
05.2021

Bcom - Management Accounting

University of South Africa
Durban, South Africa
04.2016

National Diploma - Cost and Management Accounting

Durban University of Technology
Durban, South Africa
01.2010

Matric - Accounting

Matshitsholo High School
Durban, South Africa
11.2006

Skills

  • Knowledge of Batho Pele Principles

  • Knowledge of Public Finance Management Act,1999 ( Act No1 of 1999 )

  • SCM Regulations

  • Policy Analysis

  • Team Development

  • Treasury Regulations

  • Basic Accounting system (BAS)

  • Treasury Regulations

  • General Accepted Accounting Practise

  • Municipal Finance Management Act (MFMA)

  • General Reporting Accounting Practise

  • Financial Accounting Principals

  • Cost & Management Accounting

  • Budget Management

  • Financial Management

  • Sound Budgeting and Accounting skills

  • Report writing and Presentation skills

  • Ability to analyse, compare and interpret facts and figures

  • Interpersonal skills, Office Skills

  • Ability to work under pressure and a team player

  • Sound decision making skills

  • Team management skills

  • Numerical skills

  • Computer literate with experience in software packages eg Microsoft Office 2003, 2007 & 2010:

  • MS Excel (Advanced), MS Word, MS Power Point

  • Pastel

References

  • Zamasomi, Msomi, Former Chief Financial Officer, Zamasomi5@icloud.com, 073 349 6091, 033 368 9600, Trade & Investment Kwa-Zulu Natal, Previous Supervisor
  • Goitsemang, Molubi, Project & Management Accountant, goitsemang@zulu.org.za, 083 684 6802, 031 366 7500, KZN Tourism Authority, Previous Supervisor

Timeline

Financial Officer

Trade & Investment Kwa-Zulu Natal
11.2022 - Current

Budget Intern - Financial Officer

KZN Dept of Economic Development Tourism & Environ
04.2013 - 09.2022

Finance Intern(Project& Management Accounting)

KwaZulu-Natal Tourism Authority
05.2012 - 03.2013

Bcom Honours - Management Accounting

University of Kwa-Zulu Natal

Bcom - Management Accounting

University of South Africa

National Diploma - Cost and Management Accounting

Durban University of Technology

Matric - Accounting

Matshitsholo High School

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Phakamani Bongumusa MncubeFinancial Officer