Ramaite Agelinah Monakedi
Chief Finance Officer
VANDERBIJLPARK
Summary
Highly experienced in treasury management, financial markets, and procurement. Seeking a senior role in a reputable organization. Expertise in foreign exchange, money markets, hedging, and risk management. Aims to drive financial growth, optimize cash flows, and improve procurement processes. Market-driven Chief Financial Officer excelling at coordinating executive financial activity and capitalizing on market opportunities. Decisive leadership style, attention to detail, and hardworking mentality. Forward-thinking manager with 24 years of progressive experience. Ready to bring skills to a new position with long-term potential.
Overview
26
26
years of professional experience
2021
2021
years of post-secondary education
2
2
Languages
Work History
Chief Financial Officer
Vesco Group
02.2020 - 12.2024
- Responsible for the Finance departments of both Real Tree Trading services and Monyetla services
- Ensuring that financial statements are accurately prepared and reported to the Head Office on time
- Monitoring Actual Results vs Budget and /or Forecast
- Business Budget and analyze and investigate deviations
- Ensure that financial policies are followed and adhered to
- Streamlined financial processes by implementing new accounting software and automation techniques.
- Ensure that Debtors are followed up and maximum revenue from sales is achieved
- Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
- Ensure that suppliers are paid in full based on the Gl Accounts and statements
- Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Ensuring that SARS is paid accurately and on time
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Managed complex capital projects from inception through execution, ensuring timely completion within budget constraints and delivering expected returns on investment.
- Collaborated with executive leadership to establish budgetary guidelines and allocate resources efficiently across the organization.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Completed in-depth analyses of risks to control company profile, enhance systems, and track legal concerns.
- Established and maintained strong relationships with customers, vendors and strategic partners.
- Ensure that yearly Audits are completed successfully, and Findings are properly investigated, followed up and recommendations are correctly implemented
- Increased cash flow by optimizing working capital management and reducing outstanding receivables.
- Monitored key business risks and established risk management procedures.
Director and Board Member
Real Tree Trading Services and Monyetla
01.2017 - 01.2024
- Presented the performance of the two companies to the Board
- Raised any other issues of concern for the two companies to the Board
- Developed high-performing teams by providing mentorship, guidance, and opportunities for professional growth.
- Enhanced team collaboration through regular communication, goal setting, and performance evaluations.
- Managed budgets effectively to ensure optimal use of resources while maintaining financial stability.
- Proactively identified potential risks and implemented mitigation strategies to minimize negative impacts on projects or business operations.
- Enhanced stakeholder satisfaction with timely and transparent communication strategies.
- Assisted in recruiting, hiring and training of team members.
- Reported issues to higher management with great detail.
- Reviewed financial reports, budgets, and audit results to monitor the organization''s fiscal health.
- Boosted member satisfaction, implementing comprehensive feedback system for continuous improvement.
- Enhanced board decision-making processes by introducing comprehensive data analysis techniques.
- Monitored key business risks and established risk management procedures.
Managing Director
Vesco Group
02.2017 - 01.2020
- Oversaw operations and provided corrective feedback to achieve daily and long-term goals.
- Implemented robust financial controls and reporting systems, ensuring accurate forecasting and budget management.
- Enhanced workplace safety protocols proactively addressing potential hazards before they became critical incidents.
- Fostered an inclusive work environment by championing diversity initiatives and empowering employees at all levels.
- Promoted a culture of continuous learning by investing in employee development programs and resources.
- Strengthened stakeholder relationships, providing regular updates and managing expectations through effective communication strategies.
- Enhanced customer satisfaction and loyalty by developing and implementing comprehensive customer service excellence program.
- Implemented business strategies, increasing revenue, and effectively targeting new markets.
- Interacted well with customers to build connections and nurture relationships.
- Observed each employee's individual strengths and initiated mentoring program to improve areas of weakness.
- Assisted in recruiting, hiring and training of team members.
- Handled problematic customers and clients to assist lower-level employees and maintain excellent customer service.
- Tracked employee attendance and punctuality, addressing repeat problems quickly to prevent long-term habits.
- Reduced budgetary expenditures by effectively negotiating contracts for more advantageous terms.
Consultant- Treasury Back office
ArcelorMittal South Africa
02.2016 - 07.2016
- Collaborated with cross-functional teams to successfully deliver comprehensive solutions for clients.
- Evaluated client needs and expectations, establishing clear goals for each consulting engagement.
- Developed innovative strategies for clients, resulting in increased revenue and business growth.
- Streamlined internal processes to enhance team efficiency and improve overall project outcomes.
- Negotiated contracts on behalf of clients, securing favorable terms that contributed to their overall success.
- Developed and maintained strong client relationships, ensuring high levels of satisfaction and repeat business.
- Led cross-functional teams in execution of strategic projects, fostering collaboration and ensuring alignment with corporate goals.
- Provided reporting for forecast analysis and ad-hoc reporting in support of decision-making.
- Evaluated staff performance and provided coaching to address inefficiencies.
- Implemented customer relationship management (CRM) systems, improving client engagement and retention rates.
- Delivered comprehensive reports and presentations to stakeholders, providing insights and actionable recommendations for business improvement.
- Analyzed financial data to identify cost-saving opportunities, advising clients on budget optimization strategies.
Senior Treasury Dealer, Financial Markets
Arcelor Mittal South Africa
05.2013 - 09.2015
- Foreign exchange (buying and selling of foreign currency)
- Money Market (establish Fixed deposits, Long term and short term borrowings)
- Hedging of Base Metals (Copper, Tin, Zinc and Nickel)
- Revaluation of all open positions and report to procurement department
- Management Reports
Manager Accounts Receivable
Arcelor Mittal South Africa
01.2012 - 04.2013
- Cash forecasting
- Collections and clearing of accounts
- Follow up on overdue accounts
- Liaising with Credit Management and Marketing departments
- Maximized performance by monitoring daily activities and mentoring team members.
- Enhanced customer satisfaction by resolving disputes promptly, maintaining open lines of communication, and ensuring high-quality service delivery.
- Developed and maintained relationships with customers and suppliers through account development.
- Implemented customer feedback mechanisms to gather insights, using this information to guide strategic planning and decision-making.
- Managed and motivated employees to be productive and engaged in work.
- Maintained positive customer relations by addressing problems head-on and implementing successful corrective actions.
- Established performance goals for employees and provided feedback on methods for reaching those milestones.
Back-office Manager
ArcelorMittal South Africa
01.2009 - 12.2011
- Bank Relations
- Assessed risk factors within the organization''s operations framework, developing mitigation plans to minimize potential interests and penalties that would emanate from disruptions in service delivery.
- Maintained high levels of data security with the implementation of strict access controls, encryption protocols, and ongoing employee training on treasury best practices.
- Streamlined vendor management processes by centralizing information storage, improving contract negotiation strategies, and building strong relationships with key banks.
- Managed complex budgeting processes with attention to detail, ensuring proper allocation of resources across departments while maintaining financial stability.
- Designed and implemented office policies and enforced standards.
- Managed back-office settlements team through coaching and training.
- Worked with IT department to address technology issues ,shortfalls and efficiency
- Organized and updated Bank databases, records and other information resources.
- Identified opportunities to streamline processes and improve office operations and efficiency.
- Hired, managed, developed and trained staff, established and monitored goals and also conducted performance reviews
- Optimized organizational systems for payment, deposits, and recordkeeping.
Senior Credit Analyst
Arcelor Mittal South Africa
05.2008 - 12.2008
- Analysis of new applications and opening new accounts
- Reviewing of existing customer’s accounts
- Manage blocked orders and dispatches
- Manage credit exposure
- Liaise with customers
- Resolve queries
- Analyzed customer data such as financial statements to determine level of risk involved for extending credit.
- Offered insight to upper management regarding credit decisions.
- Utilized strong communication and interpersonal skills to obtain necessary financial information from customers.
- Conducted timely reviews of existing credits ensuring compliance with covenants, terms, and conditions stipulated in loan agreements.
- Placed customer accounts on hold due to past due payments.
- Improved credit risk management by developing and implementing comprehensive credit policies and procedures.
- Worked in tandem with sales team and customers to negotiate payments and verify account reconciliations.
- Managed a diverse portfolio of corporate clients while maintaining strong relationships and addressing their credit needs.
- Contacted customers and requested financial documentation.
- Analyzed credit scores to determine borrowers' creditworthiness.
- Monitored credit accounts routinely to identify and mitigate issues and prevent losses.
- Investigated and resolved customer disputes related to credit decisions.
- Negotiated payment plans and loan terms with delinquent customers.
Senior Dealer Financial Markets
ArcelorMittal South Africa
11.2005 - 04.2008
- Foreign exchange dealing on a daily basis for payment of imports and repatriate surplus foreign currency to ZAR
- Money Market dealing, by borrowing or investing surplus funds
- Hedging of currency pairs and base metals( Zinc, Nickel, Tin, Copper)
- Revaluation of all open positions to determine potential profits or losses
- Management Reports for the performance of the Treasury department
- Spearheaded trade settlement process improvements that increased operational efficiency significantly while reducing errors related to reconciliation issues or discrepancies between counterparties'' records.
- Minimized risk exposure by closely monitoring market fluctuations and adjusting trading strategies accordingly.
- Enhanced team productivity by implementing streamlined processes and procedures in the dealing room.
- Upheld highest ethical standards at all times while performing daily tasks or interacting with external parties, reinforcing firm''s commitment towards maintaining an impeccable reputation within the financial services industry.
- Cultivated strong working relationships with brokers, banks, exchanges, clearing houses, custodians, as well as other key stakeholders in order to facilitate seamless execution across various asset classes.
- Managed trading operations for optimal efficiency, ensuring smooth daily transactions.
- Provided ongoing training and development opportunities for junior dealers, fostering professional growth within the team.
- Identified market trends through diligent research, enabling informed investment decisions for other segments
- Learned and followed company procedures to maintain consistency and standards.
Treasury Settlements Controller
Iscor Ltd
01.2001 - 10.2005
- Forecasting of cash to be received or to be paid for the Treasury dealers to make informed decisions
- Money Market interest calculation and settlement of interest due to different banks
- Banking Arrangements and Settlements of liabilities
- Treasury Support Administration for other business units within the group
- Completed year-end close processes through effective supervision financial functions and regular treasury transactions.
- Prepared balance sheets, cash flow reports and income statements.
- Streamlined annual audit process, working closely with external auditors to ensure accurate representation of company''s financial position.
- Used SAP system to prepare external audit documentation and financial reports to assist management in operational planning and key decision making.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Projected monthly cash expenditures through efficient budgeting and detailed document reviews.
- Increased flow of financial information throughout company by improving communication strategies.
Accountant in training
Iscor Ltd
10.1998 - 12.2000
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
- Played key role in financial planning and analysis, contributing to company's long-term financial strategy.
- Supported strategic decision-making by providing accurate and timely financial reports to executive management.
- Handled day-to-day accounting processes to drive financial accuracy.
- Managed cash flow effectively, ensuring all company liabilities were met in a timely manner and surplus funds were invested wisely.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Collected and reported monthly expense variances and explanations.
- Prepared working papers, reports and supporting documentation for audit findings.
Education
MBA - Business Administration And Management
Northwest University
North West Province 04.2001 - 01.2015
BCom - Financial Management
University of Johannesburg
Management Advanced Programme (MAP) - undefined
University of Witwatersrand
Registered Persons Certificate - Forex
South African Institute of Financial Markets
ACI Dealing Certificate -
South African Institute of Financial Markets
Skills
- Financial Budgeting
- Cash Flow Management
- Foreign Currency Management
- Risk Management Strategies
- Financial Reporting Proficiency
- Strategic Financial Planning
- Team Leadership Development
- Business administration
- Relationship Building
- Board Oversight
- Board Oversight
Personal Information
- Identification Number: 7608260359081
- Date of Birth: 08/26/76
- Gender: Female
- Nationality: South African
- Driving License: Code 10
- Marital Status: Married
Timeline
Chief Financial Officer
Vesco Group
02.2020 - 12.2024
Managing Director
Vesco Group
02.2017 - 01.2020
Director and Board Member
Real Tree Trading Services and Monyetla
01.2017 - 01.2024
Consultant- Treasury Back office
ArcelorMittal South Africa
02.2016 - 07.2016
Senior Treasury Dealer, Financial Markets
Arcelor Mittal South Africa
05.2013 - 09.2015
Manager Accounts Receivable
Arcelor Mittal South Africa
01.2012 - 04.2013
Back-office Manager
ArcelorMittal South Africa
01.2009 - 12.2011
Senior Credit Analyst
Arcelor Mittal South Africa
05.2008 - 12.2008
Senior Dealer Financial Markets
ArcelorMittal South Africa
11.2005 - 04.2008
MBA - Business Administration And Management
Northwest University
04.2001 - 01.2015
Treasury Settlements Controller
Iscor Ltd
01.2001 - 10.2005
Accountant in training
Iscor Ltd
10.1998 - 12.2000
BCom - Financial Management
University of Johannesburg
Management Advanced Programme (MAP) - undefined
University of Witwatersrand
Registered Persons Certificate - Forex
South African Institute of Financial Markets
ACI Dealing Certificate -
South African Institute of Financial Markets
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