Rakwena Johannes Oankaraba Segodi
Centurion
Summary
Collaborative leader with dedication to partnering with coworkers to promote engaged, empowering work culture. Documented strengths in building and maintaining relationships with diverse range of stakeholders in dynamic, fast-paced settings. Proficient Audit Manager delivering encouragement and feedback to help employees be successful. Energetic professional with great poise. Well-trained in the fields of Auditing; Accounting and Banking.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Regional Manager: Audit Debtor management
Nedbank Ltd
05.2014
- Develop and implement audit plans for the audit area
- Review and sign off audit working papers and reports completed
- Material findings found, suggest recommendations/mitigants/escalations to National Audit Manager; credit/risk teams and other senior stakeholders to mitigate the risks identified
- Sit in/chair forums where audits findings, risks and material concerns are being discussed with senior management and resolve to mitigate the risks identified
- Conduct follow up audits and ensure reports are submitted timeously as well as keeping abreast of new developments within auditing standards
- Execution of pre-financing audit procedures
- Recommend or disapprove new deals, discretion to sign-off deals and where matters are of a material nature arise these are discussed with the Deal team
- Conduct client visits and provide feedback on audits conducted and recommend remedial actions that clients can take to mitigate risks and or improve their internal controls relating to working capital cycle and sales/revenue cycle
- Review and identify that proper accounting processes/procedures and internal controls are applied efficiently at the audit client so as to reduce the banks risks in providing working capital to the client
- Attendance of relevant credit committee meetings where annual reviews of client facilities are discussed, make recommendations and inputs where required
- Clients in distress/liquidation/business rescue: Arrange collection/upliftment of documents
- Engage with client management, business rescue practitioners/liquidators; customers and creditors for collection of the bank's exposure/loans
- Effective Management of the client portfolio of +/-210 clients through leading +/- 8 team of auditors
- Allocate staff to new audits and ensure current/existing clients are seen for audits/reviews in accordance with agreed frequencies, i.e
- Monthly/quarterly/6 monthly and manage the portfolio in order to minimize the arrear audits/clients that are not visited as well as ensuring that audits are done within budget and correct time frames
- Periodically review the audit portfolio and allocate auditors to the audits that must be planned for and ensure budgets are not exceeded
- Discuss with the stake holders new deals; review the audit portfolio and the team to decide how best to allocate staff members to which audits/clients
- Involvement and conducting stock audit procedures for Trade Finance deals
- Recommend and/or reject deals prior to financing by the bank
- Review audit portfolio and programs to appropriately address the type business to be audited
- Recruitment and selection of staff
- Set-up and conduct interviews for new staff and participate in the decision making process of hiring
- Continuous learning/improvement among team, i.e
- Training, motivate and provide constructive feedback
- Conduct monthly/weekly audit team meetings to update on new developments from the business and the clients as well as any new learnings to keep to good audit practices
- Conduct Performance Appraisals, ratings and manage development of the staff members; monitor and manage non-performing staff members.
Auditor Debtor Management
Nedbank Ltd
02.2011 - 04.2014
- Monthly audit of clients using debtor management facility
- Conduct monthly audit for Nedbank Capital Securitization department
- Act as Regional Audit Manager in his absence
- Review reports and escalate material concerns and findings
- Train new auditors
- Staff management when Regional Manager is not available and allocate audits to staff
- Draft and submit reports on audit findings after every audit and escalate risks identified or material findings
- Recommend ways to improve any non-compliance by the clients
- Convene or sit in telecoms with senior management to discuss material findings, risks and concerns raised at audits to find ways to mitigate the risks or approve/decline deals or clients
- Review and comment on internal controls of clients and make recommendations for improvements where there are weaknesses identified
- Scrutinize clients accounting records to ensure validity of transactions as well as review management accounts
- Inspect invoices, credit notes and proof of deliveries for fictitious sales that could have been raised
- Review collection methods as well as ensuring that working capital is being utilized efficiently and whether the client would require more/less funding relating to working their working capital needs
- Review creditors' reconciliations to verify that all creditors are being paid on time and report on risks identified
- Performing audit according to audit methodology/audit program
- Liasing with the administrators in the back office after conducting the audit and inform them of any new accounts found that are to be excluded from funding
- Assess and report on clients not adhering to the facility agreement
- Conducting pre-audits and preparing reports recommending/declining new requests for the debtor management facility.
Risk Consultant
Ernst & Young
05.2010 - 01.2011
- Use E&Y Global tool to conduct research regarding different entities
- Using E&Y Global methodology to recommend the acceptance or rejection of new engagements or clients including current clients
- Ensuring that the business remains independent of all its clients for whom work is being conducted for
- Refreshing the procurement database so as to comply with E&Y Global policy and re-designing the procurement vendor application form to ensure it complies with independence policies
- Updating the independent contractors' database and ensure the list is complete and that policy is adhered to regarding independence
- Communicating any new changes in the global Risk Management policy to other E&Y Africa offices
- Providing support to the Global Shared Services in the India office to determine any conflicts of interest on engagements/with clients
- Conducting entity searches using E&Y Global software and adhering to policy requirements to determine if there are any conflicts of interest with any entities.
Executive Assistant to CEO Public Sector Banking
First National Bank (FNB)
02.2009 - 11.2009
- Updating FSC and Employment Equity Numbers for the bank
- Attending Public Sector Exco Meetings
- Ensuring action items for Exco meetings are updated and minutes of meetings are updated
- Assisting in preparation of the department's 2009/10 budgets
- Drafting feedback documents to different businesses on behalf of the CEO
- Secondment to Public Sector Credit Department
- Preparing credit applications for loan applications for Municipalities; Schools; Further Education Training Colleges; National Departments and Parastatals
- Preparing credit applications for permanent and temporary overdrafts required by different Public Sector clients
- Preparing applications for PACS limits as well as monitoring any excesses on EFT limits
- Preparing credit applications for Guarantees and presenting to the relevant committees
- Loading and removing overdraft limits on Hogan for different clients
- Presenting to Credit Committee credit applications prepared for different requests
- Monitoring excesses on a daily basis
- Analysing clients financial statements to determine affordability of credit facilities.
Debtor Finance Auditor
FNB Commercial
01.2008 - 01.2009
- Monthly audit of clients using debtor finance facility
- Scrutinize debtor's age analysis and sales journals of clients to ensure invoices are raised for valid sales
- Prepare report on audit findings
- Evaluate and report on the client's financial position and ability to continue using the facility
- Inspect invoices, credit notes and proof of deliveries for fictitious sales that could have been raised
- Perform debtor's confirmation for outstanding debt owed to the client by the debtors
- Assess and report on clients not adhering to the facility agreement
- Assess the client's ability to continue as a going concern by scrutinizing the client's monthly management accounts.
New Business Model student (whilst studying CTA Part Time)
Ernst & Young
01.2007 - 12.2007
- Assist during audits
- Confirm existence of employees on payroll system
- Inspection of pay rates on PERSAL system
- Assist supervisor in performing different functions on an audit
- Audit intercompany transactions.
Trainee Accountant
ACT Solutions
07.2005 - 12.2006
- Preparing and submitting VAT201 returns; VAT reconciliations and solving queries regarding VAT at SARS for different clients
- Preparing & submitting PAYE201 returns at SARS as well as resolving queries with SARS on behalf of clients
- Preparing IRP5's for different clients as well as doing IRP5 reconciliations for submission to SARS
- Preparing and submitting of Compensation Commissioner Returns on behalf of clients
- Ensuring payments for all statutory returns/matters are done and submitted on a monthly basis or when required and on time
- Preparing and submitting income tax returns for CC's, Companies and individuals
- Assisting with the preparation of Provisional tax returns and ensuring clients pay on time and that returns reach SARS on time
- Process cash books on Pastel and carrying out bank reconciliation on Pastel for companies, CC's, farming entities and individuals
- Preparing working papers for preparation of financial statements.
Education
BCom (Accounting) -
North West University
Post Graduate Diploma in Accounting Sciences -
University Of South Africa (UNISA)
01.2011
Skills
- Task Delegation
- Personnel Monitoring
- Team Development
- Business development and planning
- Business Analysis and Reporting
- Employee Coaching and Mentoring
- Managing Operations and Efficiency
- Documentation And Reporting
- Scheduling and Coordinating
- Customer Relationship Management (CRM)
- Staff Training
- MS Office
- Team Leadership
- Analytical Thinking
- Hiring and Training
Certification
- 2022, National Certificate: Generic Management: Customer Management: Banking (Leading Through The Age of Disruption (NQF Level 5 via BANKSETA)), 12 months
- Jan 2020, Accountable leadership, Creating Successful Business Execution Culture, Leading Through Disruption, Leadership with Strategic Thinking, Leading In The Digital Era, Leading Through Shared Vision
Achievements Awards
- Nedbank Top Achiever: 2012
- Retail and Business Banking Achiever: 2014
- Nedbank Achiever: 2017
- Nedbank Business Banking Achiever: 2019
Languages
Setswana
Systems Used
- Microsoft office: i.e. excel; word; power point
- Power BI
- Pastel
- Accpac
- Team Mate
- SAP
Fasst Guarantee Trust Training Courses Completed
- Dictionary Course
- Study Skills For Life
- Professional Conduct
- Accounting Practice
- Computer 1-3
- Office Orientation
Full Names
Rakwena Johannes Oankaraba
Cellular Number
072 409 9752/083 680 1348
Personal Information
- Health Status: Good
- Criminal Record: None
- Date of Birth: 04/25/83
- Gender: Male
- Nationality: South African
- Driving License: Code 08/ B
- Marital Status: Married
References
- Mr Elvyn Govender, National Manager Audit and Risk Nedbank, 031 364 2866/083 775 0107
- Mr. Neville Naidoo, Regional Manager: FNB Debtor Finance, 082 900 3270
- Ms Inge Hayhurst, Previous Manager: Ernst & Young Inc., 082 611 1329
Timeline
Regional Manager: Audit Debtor management
Nedbank Ltd
05.2014
Auditor Debtor Management
Nedbank Ltd
02.2011 - 04.2014
Risk Consultant
Ernst & Young
05.2010 - 01.2011
Executive Assistant to CEO Public Sector Banking
First National Bank (FNB)
02.2009 - 11.2009
Debtor Finance Auditor
FNB Commercial
01.2008 - 01.2009
New Business Model student (whilst studying CTA Part Time)
Ernst & Young
01.2007 - 12.2007
Trainee Accountant
ACT Solutions
07.2005 - 12.2006
BCom (Accounting) -
North West University
Post Graduate Diploma in Accounting Sciences -
University Of South Africa (UNISA)
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