Refilwe Rakgotho
Finance Manager
Kyalami
Summary
I am a Results oriented finance professional with a BCom in Accounting and extensive experience in financial reporting, Accounting, cash flow management, budgeting and overall Financial Control. I am Skilled in driving financial accuracy, managing audits and supporting strategic decision making while ensuring compliance with financial regulations and IFRS standards. I thrive in collaborative team environments while also demonstrating the ability to work independently and take initiative.
Overview
2023
2023
years of professional experience
Work History
Finance Manager
Optimi Adult Learning (PTY) LTD
- Managing of the month end process at a divisional level
- Manage Team of 9
- Reviewing of journal entries, intercompany reconciliations etc.
- Preparation of balance sheet reconciliations
- Preparation of tax calculations
- Preparation of month-end reporting packs
- Preparation of presentation packs for MANCO and HOD
- Signing off and approval of payments
- Cash flow management, for the division
- Weekly and Monthly collections and payments management
- Ensure that all system descriptions are updated and available for review prior to commencement of the interim audit.
- Ensure that all year end reconciliations are available for review within the agreed timelines.
- Ensure that all information requests pertaining to the specific division are addressed within the pre-determined timelines.
- Overall Ownership of divisional audit process
- Overall management of cash collections and forecasting process
- Ensure that adequate credit risk management processes are in place to minimize bad debt
- Ensure that all expenses are captured and accrued for in the correct period
- Ensure that vendors are paid in terms of contractual arrangements.
- Ensure that all members of the finance team are resourced, skilled and equipped to ensure high quality output.
- Develop and improve working relationships with business unit managers and heads as well as other key members.
- Month End
- Reporting
- Treasury Management
- Audit
- Accounts Receivable
- Accounts Payable
Senior Accountant
Optimi Group
05.2022 - 10.2022
- Month-end and other journals
- Balance Sheet reconciliations
- Preparing monthly financial pack
- Budgeting and forecasting
- Cash flow reporting
- Assistance with audit
- Maintaining asset register
- Addressing and handling internal stakeholder queries and managing stakeholder relationships
- Intercompany reconciliations
- Signing off and approval of payments and journals
- Calculating and processing of income tax, VAT, DWT
- Ensuring compliance with CIPC and SARS
- Other accounting tasks as needed.
Financial Controller
Bureau Veritas Testing & Inspections
06.2016 - 04.2022
- Prepare annual Budgets & quarterly Forecasts
- Cost control & monitor compliance with budgets & forecast.
- Prepare financial statements for consolidations on SAP-EPM. - MAGNITUDE
- Monitor Revenue
- Prepare & send management reports to managers.
- Process Payroll Journals
- Depreciation journals
- Maintain Fixed asset registers & perform Fixed asset inventories
- Run Bad debt provisions
- Vat Reconciliations & Submission of Vat 201
- Corporate tax calculations & ITA34
- Cash control-facilitate collections & ensure supplier payments are only paid on due dates.
- Apportion functional costs to profit making departments.
- Implement new procedures within the Finance department.
- Ensure all the internal controls / procedures are applied and followed
- Ensure Timely reporting & facilitate Month end closing
- Facilitate External Audit & follow auditor recommendations.
- Ensure IFRS compliance within team
- JDE flex key user
- Developed SOP for Accounts Payable department (2018)
- Developed SOP for revenue recognition & processing (2018)
Senior Accounts Payable
Bureau Veritas
11.2013 - 05.2016
- Check creditor’s recons for completeness & correctness
- Ensure that all supplier invoices are vat compliant and there’s adequate approval.
- Allocation of Fuel & travel accounts such as diners/Wesbank based on invoices & receipts
- Ensure that all monthly expenses are processed
- Ensure adherence to accrual concept
- Book fixed asset invoices and update the asset register.
- Liaise with suppliers and operational stuff to resolve disputes and queries.
- Analysis of suppliers ageing balances.
- Reconciliation and of inter-company transactions.
- Follow up on unmatched GRN’s.
- Reconcile monthly Intercompany balances and resolve discrepancies.
- Help team in obtaining Interco invoices from other BV companies
- Check and review Interco suspense account during closing and ensure all invoices were distributed
- Define procedures to ease Interco process
- Oversee AP team of 6
- Assistance on other ad-hoc issues within the finance department
Debtors & Creditors Clerk
CHC Resources
04.2012 - 11.2013
- Process supplier invoices by linking them to Grn or directly posting to GL accounts
- Reconcile creditors accounts for payment
- Prepare COD invoices for payment on a daily basis
- Allocate supplier payments in the bank
- Issue client invoices based on sales orders & agreements
- Send out client’s statements & invoices
- Analysis of aging & Collections on overdue client accounts
- Update customer/supplier information on the master file.
- Resolve customer and supplier queries & general filing.
Education
Bachelor of Commerce - Accounting
University of Johannesburg
Johannesburg, South Africa01-2011
High School Diploma -
Alexandra Secondary School
Johannesburg, South Africa 04.2001 -
Skills
Accurate & Diligent
Organized & Adaptive
Disciplined, Committed, challenge driven
Revenue recognition
KPI management
Customer relationship development
Staff training
Financial budgeting
Tax compliance
Project finance
Business forecasting
Internal controls
Variance analysis
Continuous improvement
Timeline
Senior Accountant
Optimi Group
05.2022 - 10.2022
Financial Controller
Bureau Veritas Testing & Inspections
06.2016 - 04.2022
Senior Accounts Payable
Bureau Veritas
11.2013 - 05.2016
Debtors & Creditors Clerk
CHC Resources
04.2012 - 11.2013
High School Diploma -
Alexandra Secondary School
04.2001 -
Finance Manager
Optimi Adult Learning (PTY) LTD
Bachelor of Commerce - Accounting
University of Johannesburg
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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