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Shameeth Ramruthan
Senior Financial Reporting Accountant
Port Shepstone
Summary
Offering solid foundation in accounting principles and strong desire to excel in financial reporting. Brings understanding of key financial concepts and ability to quickly acquire new knowledge, with proficiency in Excel and data analysis. Ready to use and develop problem-solving and analytical skills. Developed strong analytical and financial reporting skills in fast-paced corporate environment. Expertise in preparing financial statements and ensuring compliance with International Financial Reporting Standards, along with proficiency in data analysis tools. Looking to transition into new field, leveraging these skills to drive success in diverse business settings.
Overview
10
10
years of professional experience
11
11
years of post-secondary education
1
1
Certification
1
1
Language
Work History
Senior Financial Reporting Accountant
Bargain Distribution Centre
Port Shepstone
05.2021 - Current
- Prepared comprehensive financial statements in accordance with IFRS, ensuring regulatory compliance and transparency.
- Prepared working papers, reports and supporting documentation for audit findings.
- Collaborated with external auditors to facilitate timely completion of annual audits, resulting in clean audit opinions.
- Preparation of intricate meeting packs for the executive board of directors.
- Identified legal tax savings and recommended ways to improve profits.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings.
- Cooperated with senior management to create operating budgets and initiate financial planning.
- Maintained up-to-date knowledge of accounting standards and regulations, ensuring continuous compliance with industry best practices.
- Supported senior management in strategic planning efforts by providing detailed financial analysis on various initiatives.
- Coached junior team members, fostering professional growth and enhancing overall team performance.
- Involved with the planning and implementation of S42 restructuring for the group of companies.
Senior Bookkeeper
Beekman Group
Port Shepstone
10.2020 - 05.2021
- Provided comprehensive accounting support to company by managing functions for high profile resorts for accounts payable, accounts receivable, and business expense processing.
- Developed comprehensive quarterly financial reports for management review, highlighting key performance indicators and areas for improvement.
- Reduced errors in financial reporting by conducting thorough monthly reconciliations of bank statements, credit card transactions, and expense reports.
- Optimized cash management processes with regular cash flow forecasting analyses based on historical trends and future projections.
- Improved cash flow management with timely invoicing, collections follow-ups, and vendor payment scheduling.
- Collaborated closely with external auditors during annual reviews to address inquiries promptly while minimizing disruptions to daily operations.
- Supported budget preparation and monitoring efforts, providing accurate financial data to inform decision-making.
- Enhanced transparency into company finances by creating detailed monthly budget variance reports for management's review.
- Enhanced financial accuracy by meticulously maintaining and updating accounts payable and receivable records.
Audit Manager
Lockhat Incorporated
Port Shepstone
04.2020 - 09.2020
- Managed a team of auditors, ensuring accurate and timely completion of audit projects.
- Conducted regular training sessions for audit staff, increasing their knowledge and skill set in the field.
- Enhanced audit efficiency by streamlining audit processes and implementing advanced audit tools.
- Mentored junior auditors, aiding in their professional development and fostering a positive work environment.
- Consistently met deadlines for audit reports, helping maintain company reputation for reliability and professionalism.
- Provided valuable insights to senior management on potential business risks identified during audits.
- Implemented risk-based auditing strategies, resulting in better identification of potential issues.
- Improved client relations by maintaining open lines of communication and addressing concerns promptly.
- Evaluated effectiveness of internal controls by testing key controls across various business units within the organization.
- Conducted strategic and technical reviews to verify compliance with quality control standards, schedule constraints and budget parameters.
- Maintained up-to-date knowledge on accounting standards and best practices to ensure high-quality audit results were delivered consistently.
- Analyzed accounting systems for efficiency and effectiveness.
- Collaborated with management to develop actionable recommendations for improving internal controls and processes.
- Participated in billing and collections operations to facilitate client payment of overdue invoices.
- Strengthened stakeholder relationships by presenting clear findings from completed audits along with suggested improvements.
- Safeguarded against financial misstatement by rigorously evaluating internal controls and recommending improvements.
- Championed culture of continuous improvement within audit department, leading to streamlined processes and enhanced performance.
Trainee Auditor
Lockhat Incorporated
Port Shepstone
04.2015 - 04.2020
- Participated in various audit engagements, gaining valuable hands-on experience in diverse industries.
- Performed detailed testing procedures to validate financial data accuracy, contributing to reliable financial reports.
- Strengthened communication skills through regular interaction with clients and team members throughout each audit engagement.
- Improved personal time management skills by balancing competing priorities across multiple projects simultaneously.
- Leveraged analytical skills to identify discrepancies within financial records, enabling prompt resolution of issues.
- Assisted senior auditors in conducting comprehensive financial statement reviews for accurate reporting.
- Maintained confidentiality of sensitive client information, upholding professional integrity at all times.
- Contributed to successful audits by adhering to established standards and guidelines set forth by regulatory bodies.
- Collaborated with team members to deliver high-quality audit services, fostering strong working relationships.
- Supported the completion of multiple audits within deadline, ensuring client satisfaction and timely results.
- Participated in team meetings where constructive feedback was shared for the purpose of improving individual performance on future engagements.
- Identified major risk areas and gaps in internal controls, process notes and risk control matrices to plan and perform audit procedures.
Education
Postgraduate Diploma : Accounting Sciences - Accounting, Taxation, Management Accounting, Audit
Milpark
South Africa 01.2025 - Current
Bachelors Degree : Accounting Sciences - Accounting, Management Accounting, Taxation, Audit
University of South Africa
South Africa 07.2016 - 06.2020
Higher Certificate : Business Economics -
University of South Africa
South Africa 01.2015 - 06.2016
National Senior Certificate -
Marburg Secondary School
Port Shepstone 01.2008 - 12.2013
Skills
Income statement analysis
Decision-making
Time management abilities
Financial reporting
IFRS expertise
Financial statements
Problem-solving aptitude
Excel proficiency
Tax compliance
Audit coordination
Cash flow management
Income statement analysis
Certification
AGA (SA) Certificate
Knowledge and experience
- International Financial Reporting Standards
- Public Finance Management Act
- Municipal Finance Management Act
- Generally Recognised Accounting Practice
- Companies Act of South Africa
- Income Tax Act of South Africa
- VAT Act of South Africa
- King IV
Notable public sector audits
- Performed Regularity audits for Public sector clients: The Department of Telecommunications and Postal Services, The Pan South African Language Board.
- Performed Information system audits for Public sector clients: The Office of the Premier Kwa-Zulu Natal (PFMA), The Department of Transport (PFMA), The Department of Public Works (PFMA), Ray Nkonyeni Local Municipality (MFMA), Ugu District Municipality (MFMA), iLembe District Municipality (MFMA), Kwadukuza Local Municipality (MFMA), Ethekwini Metro Municipality (MFMA).
Affiliations
South African Institute of Chartered Accountants
Software
Teammate
Caseware
Pastel partner
SAP
Xero
Timeline
Postgraduate Diploma : Accounting Sciences - Accounting, Taxation, Management Accounting, Audit
Milpark
01.2025 - Current
Senior Financial Reporting Accountant
Bargain Distribution Centre
05.2021 - Current
Senior Bookkeeper
Beekman Group
10.2020 - 05.2021
Audit Manager
Lockhat Incorporated
04.2020 - 09.2020
Bachelors Degree : Accounting Sciences - Accounting, Management Accounting, Taxation, Audit
University of South Africa
07.2016 - 06.2020
Trainee Auditor
Lockhat Incorporated
04.2015 - 04.2020
Higher Certificate : Business Economics -
University of South Africa
01.2015 - 06.2016
National Senior Certificate -
Marburg Secondary School
01.2008 - 12.2013
AGA (SA) Certificate
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