SANGE MADYIBI
Summary
Resilient and dedicated Chartered Accountant with a passion for excellence and a proactive approach to new opportunities. Throughout my articles in the public sector, collaborated with esteemed professionals who significantly influenced my auditing career. Presently, serve as a Financial Manager at Trans African Concessions, overseeing a small finance team (RSA & Mozambique). I am detail-oriented, self-driven, performance-driven, and possess strong analytical skills with a comprehensive understanding of business operations.
Overview
6
6
years of professional experience
7
7
years of post-secondary education
Work History
Financial Manager
Trans African Concessions
8 2022 - Current
- Responsible for the annual preparation of annual financial statements
- Responsible for Monthly Management Reporting, including review of Cash Flow and variance reporting (" Salient Features") to ensure the correctness of financial results
- Manage daily activities to ensure accuracy and completeness of financials
- Review of all general ledger reconciliations for RSA and Mozambique to ensure completeness
- Manage road construction project costs (work in progress for ongoing projects)
- Specific reporting to Shareholders, SANRAL and Stats SA (monthly and quarterly)
- Maintain the Intangible Asset Cost & Amortisation Schedule
- Maintain the Funders Loans Interest Calculations and Capital Repayments Schedule
- Preparation of Income Tax schedules for Annual Tax Returns (and provisional tax returns)
- Assist CFO with Annual Budgeting process (compiling and obtaining required budget information)
- Responsible for the annual Insurance renewal process, including completion of Insurance schedules and forms
- Assist with certain Company Secretarial functions, such as review of dividend distribution documentation, and liaising with Company Secretarial Service Provider to ensure timeous report back on matters and inclusion of draft minutes in Board and Sub-committee packs
- Review daily cashflows and periodic investments
- Lead the annual AGSA/SANRAL asset and revenue audits conducted by external auditors
- Lead the external audit processes and address identified weaknesses in respect of internal controls for the company
- Liaison with ERP service provider to ensure all financial system issues are resolved and new change requests are executed, tested, and implemented timeously
- Review and release of payments (RSA - Nedbank and Mozambique - BCI)
- Supervision of relevant Finance staff to ensure subordinate effectiveness
- Build and maintain relationships with internal and external stakeholders through regular engagement.
Audit Manager
SNG Grant Thornton
07.2022 - 08.2022
- Providing guidance to the audit team
- Developing testing methodologies to evaluate the adequacy of controls
- Managing the audit
- Formulate professional development and educational plans for junior team members
- Monitored the audit costs against the audit budget
- Plan and allocate resources and individuals in accordance with skills
- Review audit work, prepare, review and communicate audit findings
- Report writing and presentation
- Liaise with relevant key stakeholders (internal and external) to ensure effective coordination and communication of relevant audit issues.
Audit Supervisor
Auditor General of South Africa
05.2021 - 07.2022
- Performed senior role on the audit engagement, obtaining an understanding of the entity
- Assisted in managing the audit
- Provided guidance and mentorship to the junior audit team members
- Monitored the audit costs against the audit budget
- Report writing and presentation
- Executing the audit procedures in line with legislation, relevant standards and the audit methodology
- Performed audit on the financial statements and performance information
- Liaise with relevant key stakeholders (internal and external) to ensure effective coordination and communication of relevant audit issues.
Trainee Auditor (SAICA Articles)
Auditor General of South Africa
05.2018 - 05.2021
- Performing the regulatory audits in the public sector
- Performed the regulatory audits on the following audit clients: Denel, Government Print Works, Knysna Municipality, Buffalo City Municipality, Department of Public Enterprise, South African Airways, Mahikeng Municipality and the Independent Electoral Commission (IEC)
- Obtaining sufficient and appropriate audit evidence to evaluate whether Supply Chain processes with complied with all applicable SCM legislations, policies and regulations
- Tested the performance information in the relevant planning (IDP and SDBIP) and reporting documents (Annual Performance Report) to verify the consistency, measurability, relevance and presentation and disclosure of the reported information per selected development priority Audit of Financial Statements which included reconciliations and analytical evaluations, asset verifications, inventory counts, risks and control testing.
Education
Masters in Business Administration -
MANCOSA
01.2024 - Current
Post Graduate Diploma in Applied Accounting Science -
University of South Africa
01.2019 - 12.2019
Bachelor of Commerce Honours in Accounting -
University of Free State
07.2016 - 11.2017
Bachelor of Commerce Accounting -
University of Fort Hare
02.2012 - 12.2015
Skills
Project and time management
Planning and organisational skills
Deadline driven
Detail orientated and Analytical
Good communication skills (written and verbal)
Microsoft word, Excel, PowerPoint presentation
Excellent oral and written communication
Team leadership
Cash Flow Management
Budgeting and financial management
Financial reporting and analysis
Budget Analysis
Budget Compliance
Financial Standards
- Generally Recognised Accounting Practice (GRAP)
- International Financial Reporting Standard (IFRS)
- Modified Cash Standard (MCS) Accounting
- Public Finance Management Act (PFMA)
References
- Mrs Ilze Stander, Trans African Concessions, 011 541 0300, istander@tracn4.co.za
- Miss Elmare Koekemoer, Auditor General South Africa, 083 404 3291, ElmareK@agsa.co.za
- Mr Yongama Madolo, Yongonakho Advisory Service, 083 352 3713, yongamam@yongonakho.co.za
Timeline
Masters in Business Administration -
MANCOSA
01.2024 - Current
Audit Manager
SNG Grant Thornton
07.2022 - 08.2022
Audit Supervisor
Auditor General of South Africa
05.2021 - 07.2022
Post Graduate Diploma in Applied Accounting Science -
University of South Africa
01.2019 - 12.2019
Trainee Auditor (SAICA Articles)
Auditor General of South Africa
05.2018 - 05.2021
Bachelor of Commerce Honours in Accounting -
University of Free State
07.2016 - 11.2017
Bachelor of Commerce Accounting -
University of Fort Hare
02.2012 - 12.2015
Financial Manager
Trans African Concessions
8 2022 - Current
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