PHINDULO DEMANA
FINANCIAL CONTROLLER
85 Eloff Str, Johannesburg
Summary
Experienced Financial Controller with more than 5 years of success. Skilled in uncovering opportunities to improve financial growth, risk management and internal controls when managing all accounting functions. Prepared to bring talent and expertise to organization offering opportunities for advancement.
Overview
6
6
years of professional experience
4
4
Languages
Work History
FINANCIAL CONTROLLER
Sanlam Retail Mass
11.2022 - Current
- Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
- Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.
- Planned budgets, authorized expenditures, monitored accounting processes, established service rates and coordinated financial reporting to oversee all fiscal procedures.
- Maintained strong relationships with external auditors, facilitating smooth annual audit processes and addressing any concerns promptly.
- Conducted regular variance analyses between actual results and budget projections to identify trends or issues requiring further investigation or action by management staff.
- Led organizational cash flow and cash flow forecasting initiatives.
- Prepared accurate financial reports and monthly statements for accounts receivable.
- Contributed to the development of long-term strategic plans by providing executive management with accurate financial data and forecasts.
- Spearheaded the implementation of new accounting software, resulting in increased efficiency and improved financial tracking capabilities.
- Enhanced cash flow management with timely accounts receivable monitoring and collections efforts.
- Collaborated closely with department heads to establish accurate budgets and monitor performance against targets.
- Developed comprehensive financial models for strategic planning and decision-making purposes.
- Implemented rigorous internal control measures to safeguard company assets and prevent fraud or mismanagement risks.
- Ensured compliance with regulatory requirements by conducting thorough internal audits and implementing necessary corrective actions.
- Supported executive-level decision making through the development of clear KPIs, financial metrics and dashboards.
- Reduced operating costs through meticulous budget management and cost analysis.
- Identified areas for operational improvement through detailed financial analysis, leading to increased profitability and reduced expenses.
- Prepared balance sheets, cash flow reports and income statements.
- Completed year-end close processes through effective supervision financial functions and regular treasury transactions.
- Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
- Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing, and sales tax returns.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Followed up with delinquent accounts to obtain funds and reduce aging balances.
- Managed daily financial functions in collaboration with accounting and payroll personnel.
- Reviewed processes and procedures to guide program implementation and optimize auditing.
- Mitigated risk by implementing internal controls and safeguards for revenues and expenditures..
- Created and distributed reports on internal and external finances, audits, and budgets.
FUNDS RECONCILIATION ADMINISTRATOR
FNZ Group
05.2019 - 10.2022
- Expertly execute daily and monthly bank reconciliations, ensuring timely submission and diligent follow-up on outstanding items.
- Generate precise daily reports on Unallocated Deposits and Bank reconciliations for informed decision-making.
- Conduct thorough monthly reconciliations of Recoveries, maintaining financial accuracy and integrity.
- Reconcile General Ledger with bank balances, proactively investigating and resolving discrepancies.
- Manage and approve the preparation of daily manual payments, ensuring financial compliance.
- Oversee the timely preparation and payment of unit trust redemptions and tax refunds.
- Perform meticulous daily reconciliations of inter-account sweeps, safeguarding financial transactions.
- Accurately calculate, record, and reconcile profits or losses, delivering transparent financial reporting.
- Address client inquiries efficiently, achieving resolution within established service levels and enhancing client satisfaction.
- Collaborate with and support cross-functional teams, contributing to the overall success of the Business Unit.
- Lead system and process testing initiatives, guaranteeing accurate outputs and operational excellence.
- Champion process automation in reconciliations and reporting, driving efficiency and innovation.
- Maintain professional client communication, fostering trust and building enduring client relationships.
- Execute ad hoc duties as required, demonstrating flexibility and commitment to the business's needs.
Education
Post Graduate - CIMA FLP Management Lvel
Chartered Institute of Management Accountants
04.2001 -
BACHELOR OF COMMERCE (BCOM) - Accounting, Financial Management, Auditing and Taxation
University of Johannesburg
01.2018
NATIONAL SENIOR CERTIFICATE - Accounting, Business Studies, Economics, Mathematics, Life Orientation, Tshivenda(HL) and English( FAL)
Tshivhase Secondary School
01.2014
Skills
Computer literacy
Communication
Teamwork
Fast learner
Detail Oriented
Dependable
Creative thinking
Problem solving
Financial planning
Financial information systems
Investment analysis
Management accounting
Pricing and costing
Cash flow management
Financial forecasting
Budgetary planning
Policy development
Intercompany transactions
General ledger management
Project management
Risk management
Budget development
Internal controls
Internal control management
Consolidation accounting
Financial management
Project finance
Process improvement
ERP systems expertise
Account reconciliation
Personal Information
Driving License: C1 (CODE 10)
Timeline
FINANCIAL CONTROLLER
Sanlam Retail Mass
11.2022 - Current
FUNDS RECONCILIATION ADMINISTRATOR
FNZ Group
05.2019 - 10.2022
Post Graduate - CIMA FLP Management Lvel
Chartered Institute of Management Accountants
04.2001 -
BACHELOR OF COMMERCE (BCOM) - Accounting, Financial Management, Auditing and Taxation
University of Johannesburg
NATIONAL SENIOR CERTIFICATE - Accounting, Business Studies, Economics, Mathematics, Life Orientation, Tshivenda(HL) and English( FAL)
Tshivhase Secondary School
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