Preneshan Pillay

•Oversee the preparation, review, and management of annual budgets, ensuring alignment with organizations goals and adherence to financial standards.
•Lead in-depth variance analysis to identify performance gaps and optimize outcomes.
•Deliver timely, accurate financial reports to organizations, offering strategic insights for decision-making.
•Proactively manage financial risks through robust risk management strategies and contingency planning, protecting the organization’s financial health.
•Drive effective cash flow management strategies, optimizing liquidity and improving working capital efficiency.
•Lead cost control initiatives to enhance operational efficiency and boost profitability, while continuously identifying potential areas for improvement.
•Spearhead tax planning initiatives to minimize tax exposure while ensuring full compliance with local and international tax laws.
•Build strong relationships with key organizations and auditors, ensuring transparent and effective communication.

• -Debtors age reporting
  -Credit note report
  -Allocation report
  -Oversee cashbook processing
  -VAT 201 reconciliations for submission
  -EMP 201 reconciliations for submission
  -Reporting collection – statistics for KPI indicators
  -Statistics.
  -Sign off on all creditor payments
  -Oversee and validate petty cash recons(JHB, CPT & KZN)
  -Streamline all queries (Debtors and creditors) accordingly.
  -Asset register.-Debtors age reporting -Credit note report -Allocation report -Oversee cashbook processing -VAT 201 reconciliations for submission -EMP 201 reconciliations for submission -Reporting collection – statistics for KPI indicators -Statistics. -Sign off on all creditor payments -Oversee and validate petty cash recons(JHB, CPT & KZN) -Streamline all queries (Debtors and creditors) accordingly. -Asset register.
  Skills: Financial Accounting · Accounting Standards · Auditing · Financial Reporting · Credit Analysis · Accounts Receivable (AR) · Financial Analysis · Credit Management · TaxSkills: Financial Accounting · Accounting Standards · Auditing · Financial Reporting · Credit Analysis · Accounts Receivable (AR) · Financial Analysis · Credit Management · Tax
• Spearheaded the transition to a new accounting software system for more efficient record-keeping capabilities.
• . Identified cost-saving opportunities through rigorous analysis of expenditure data across various departments.
• Provided guidance on best practices in finance operations to junior team members as a senior-level resource within the department.
• Maintained fixed asset schedules for depreciation calculations and annual property tax filings.
• Assisted in audit preparations by gathering required documentation and ensuring compliance with internal controls and policies.
• . Enhanced transparency into company finances by creating detailed monthly budget variance reports for management's review.
• Reduced errors in financial reporting by conducting thorough monthly reconciliations of bank statements, credit card transactions, and expense reports.
• Developed comprehensive financial reports for management review, highlighting key performance indicators and areas for improvement.
• . Facilitated accurate expense tracking by coding invoices to appropriate general ledger accounts and allocating costs across multiple projects.
• Maintained accurate historical records.
• Collaborated with cross-functional teams to develop financial forecasts, contributing to the company''s strategic planning initiatives.
• Supported budget preparation and monitoring efforts, providing accurate financial data to inform decisionmaking.
• Optimized cash management processes with regular cash flow forecasting analyses based on historical trends and future projections.
• Maintained general ledger by transferring subsidiary account summaries.
• Reduced outstanding receivables balances through diligent follow-up on overdue invoices with clients.
• Handled day-to-day accounting processes to drive financial accuracy.
• Recorded deposits, reconciled monthly bank accounts and tracked expenses.
• Inspected account books and recorded transactions.
• Maintained account accuracy by reviewing and reconciling checks monthly.
• Effectively communicated with clients about payment needs and kept updated, detailed and accurate ledgers.
• Generated invoices upon receipt of billing information and tracked collection progress.
• Reconciled accounts, managed audits and updated financial records with remarkable accuracy.
• Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
• Supported management by processing invoices and documents with consistent on-time delivery.
• Managed and responded to correspondence and inquiries from customers and vendors.
• Streamlined daily reporting information entry for efficient record keeping purposes.
• Reconciled company bank, credit card and line of credit accounts, investigating, and resolving discrepancies to keep accounts audit-ready.
• Gathered, evaluated and summarized account data in detailed financial reports.
• Maintained excellent financial standings by working closely with bookkeeper to process business transactions.
• Reduced financial discrepancies, effectively reconciling bank accounts and organizing information into accounting software.
• Streamlined bookkeeping procedures to increase efficiency and productivity.
• Strengthened financial operations by conducting bank reconciliations and financial reporting.
• Developed monthly, quarterly and annual profit and loss statements and balance sheets.
• Created detailed expense reports to facilitate reimbursement for business expenses incurred.
• Tracked financial progress by creating quarterly and yearly balance sheets.
• Presented audit findings to accounting manager after reviewing results and paperwork.
• Managed complex problem-solving for upper management in order to complete projects on-time and within budget.
• Implemented new accounting processes to decrease spending and work flow downtime.

• Collecting of outstanding monies, Sales Analysis trend report, Invoicing, Creditors, Debtors, Debtors Control, Debtors Recon, Banking, Statements, Credit application review for suppliers, Age Analysis, Payment allocation of invoices, ITC & Reference checking on clients, VAT 201 processing, Assisting with income tax, Bank reconciliations, Processing Credit Notes, Processing of Journals, Remittance for payments to suppliers, Inventory control, Consignment stock control account, IFRS, Capex vs Opex, cash flow statement.

• Collecting of outstanding monies, Sales Analysis trend report, Invoicing, Creditors, Debtors, Debtors Control, Debtors Recon, Banking, Statements, Credit application review for suppliers, Age Analysis, Payment allocation of invoices, ITC & Reference checking on clients, Forex Payments and conversions, Bank Statement reconciliations, Processing Credit Notes, Processing of Journals, Processing of Agent Commission structure to agents, Sales trend report analysis, Petty Cash.
• Reason for leaving: Company in liquidation due to covid-19

• Release and review orders daily within criteria, Minimize company's exposure to credit risk and bad debt, Ensure strict compliance of departmental and company policies, procedures and SOP's, Processing of Journals, Handling queries (emails, calls & faxes), Processing of account balance letters, Processing of fraud related queries, Handling of debt review queries, Granting of credit limits, Reconciliation of accounts, Collection of outstanding payments.
• Reason for Leaving: Better career prospective, with more growth opportunities

• Banking uploads, Journal Uploads, Tracing, Reconciliation of accounts, Sub Ledger Journals (E1 Accounts), Control Account reconciliations, General Journal, Refunds, Bad Debt write offs and recovery.

• Hyphen allocations, ITCBA allocations, Reconciliation of accounts, Tracing, Adherence to legal documentation by NCA, Credit request authorization (60 Days), Control account reconciliations, Processing of account balance letters, Processing of account proposal forms, Processing of account acceptance letters, Processing of reckless credit lending, Investigation, Refunds.

• Debtors control report, Reconciliation of Debtor accounts, Revenue & Collections targets, Age Analysis - Receipt and managing of outstanding accounts, Reporting collection-statistics, Customer Care and control, Statistics.
• Reason for Leaving: Better career prospective, with more growth opportunities

• Invoicing, Creditors, Debtors, Debtors Control, Bank Reconciliation, Banking, Cash Book, Vat Expense a/c (Input VAT), Petty Cash
• Reason for leaving: Temp. Position

• Invoicing, Creditors, Debtors, Debtors Control, Bank Reconciliation, Banking, Cash Book, Inventory Management, Completion of International Payment forms and submission to bank (blue chip), Tracking and costing of International Shipments
• Reasons for leaving: Temp Position