Phindile Luthuli
Johannesburg
Summary
Finance professional with 1 year, 6 months experience in financial services sector as a finance intern. Skilled in analyzing costs for various business units within everyday banking including Consumer product houses, Physical channels, Technology and Change, Voice and service enablement, and Customer Value management. Proficient in budgeting, forecasting, and transfer pricing. Strong analytical, problem-solving, verbal and written communication skills. Seeking opportunities to enhance abilities while contributing to company growth.
Overview
2
2
years of professional experience
Work History
JUNIOR SPECIALIST: TRANSFER PRICING
ABSA Bank Limited
Johannesburg
02.2023 - Current
- Transfer Pricing (TP):
- Assisting in the preparation of TP reports and providing insights for budget planning.
- Analyzing, investigating, and escalating any intercompany discrepancies to the manager.
- Reviewing cost allocation methodologies and drivers related to TP Charges.
- Monthly Reporting and Planning:
- Ensuring timely and accurate completion of all month-end reporting tasks.
- Preparing various management reports and financial summaries for internal and external stakeholders.
- Assisting the team in the month-end reporting process with flash reporting.
- Coordinating with other departments to gather data and ensure consistency across monthly reports.
- Reviewing and analyzing monthly interchanges reporting, identifying cost-saving opportunities
- Variance analysis:
- Preparation of budget packs, which includes explanations of variances to the previous forecast.
- Developing detailed variance analysis reports for management review.
- Collaborating with department heads to gather explanations, information for new requests, and supporting data for variances to the previous forecast or occupancy demand.
- Collaboration and Communication:
- Working closely with other finance team members to ensure smooth and efficient month-end closing.
- Communicating effectively with different departments to gather necessary information and resolve issues.
- Guiding senior team members on the preparation and interpretation of TP reports to ensure accuracy and alignment with business objectives.
- Assisting the finance manager in setting up meetings, sending out current charges, and ensuring effective communication with stakeholders for correct charges.
- Maintained positive working relationship with fellow staff and management.
- Created plans to propose solutions to problems related to efficiency, costs or profits.
Education
NATIONAL CERTIFICATE - BANKING
Novia One Business School
01.2023
ADVANCED DIPLOMA IN ACCOUNTING - Financial Accounting
Durban University of Technology
South Africa01.2022
CERTIFICATE OF COMPLETION - UNIV - SAGE ACCOUNTING PRACTITIONER
Durban University of University
01.2022
DIPLOMA IN ACCOUNTING - Taxation, Financial Accounting, Cost and Management Accounting, Commercial Law, Economics, Auditing
Durban University of Technology
01.2021
Skills
- Good communication skills (verbal and written)
- Advanced Microsoft Skills (Excel, PowerPoint, Outlook, and Word)
- Strong organizational skills, ability to prioritize tasks
- Financial Analysis and Modeling
- Attention to detail and accuracy
- Proficient in SAP S/4HANA, Power BI, Sage Pastel, Magic Orange and Hyperion Essbase
References
- Graphic, Kekana, Mrs, 012 246 4255/072 610 0051, ABSA Bank Limited
- Ishmael, Mr., 078 726 5078, ABSA Bank Limited
Accomplishments
- Certificate of Recognition for Service and dedication
COURSES
- MAR 2023 - NOV 2023
- CERTIFICATE OF COMPETENCE IN DIGITAL BANKING, NOVIA ONE BUSINESS SCHOOL
- SEP 2023 - DEC 2023
- CERTIFICATE OF COMPLETION IN ECONOMICS FOR CAPITAL MARKETS, CORPORATE FINANCE INSTITUTE
Timeline
JUNIOR SPECIALIST: TRANSFER PRICING
ABSA Bank Limited
02.2023 - Current
NATIONAL CERTIFICATE - BANKING
Novia One Business School
ADVANCED DIPLOMA IN ACCOUNTING - Financial Accounting
Durban University of Technology
CERTIFICATE OF COMPLETION - UNIV - SAGE ACCOUNTING PRACTITIONER
Durban University of University
DIPLOMA IN ACCOUNTING - Taxation, Financial Accounting, Cost and Management Accounting, Commercial Law, Economics, Auditing
Durban University of Technology
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