Sikhumbuzo Lennin Dlamini
Fixed Asset Management
107 Waterfall Heights, Jason Close, Vorna Valley, Midrand
Summary
Dedicated Fixed Asset Accountant proficient in generally accepted accounting principles as applicable to fixed asset accounting. Adept at using industry standard lease accounting and financial reporting software. Extensive experience with technical accounting research procedures in a variety of work environments.
Overview
14
14
years of professional experience
13
13
years of post-secondary education
9
9
Certificates
4
4
Languages
Work History
Acting Asset Manager
Road Traffic Management Cooperation
Centurion
10.2022 - Current
- Accountable for service excellence and deployment of over 45 000 assets nationally
- Implementing and ensuring compliance of Fixed Asset Policy and Processes
- Risk management and Internal Controls Framework for capital expenditure accounting
- Financial Fixed Asset management
- Inventory accounting and valuation of assets
- Preparation of Fixed Asset movement schedule for Shareholders and Statutory reporting
- Calculate and Report on stock turnover
- Timely completion of Balance Sheet reconciliation and effective resolution of outstanding items
- Manage, train and develop team members
- Provide relevant analytic and advisory support on various projects timely
Team Leader: Assets
Road Traffic Management Cooperation
Centurion
10.2020 - 01.2021
- Created and monitored all systems of controls, procedures, and forms for recordation of fixed assets.
- Assigned tag numbers to fixed assets.
- Recorded fixed asset acquisitions and dispositions in accounting system.
- Reconciled the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
- Calculated depreciation for all fixed assets.
- Reviewed and update detailed schedule of fixed assets and accumulated depreciation.
- Calculated asset retirement obligations for those fixed assets to which are obsolete.
- Identified potential obsolescence fixed assets.
- Conducted periodic impairment reviews for intangible assets.
- Conducted periodic physical counts of fixed assets.
- Recommend to management whether fixed assets should be disposed of.
- Prepared monthly addition files, lead schedules relating to fixed assets and assist auditors in their inquiries.
Project Accountant
Road Traffic Management Cooperation
Centurion
05.2015 - 10.2020
- Recorded newly acquired fixed assets and those disposed to accounting system
- Performed reconciliation of fixed asset subsidiary ledger balance with summary-level account general ledger
- Performed depreciation calculation for all fixed assets
- Created fixed asset related audit schedules for monthly reporting
- Lead asset verification nationally for (+/- 45 000) assets
- Lead discussions of asset compliance to IFRS/GRAP standards.
- Supported internal and external audit requirements and verify submitted documentation.
- Reconciled fixed asset subsidiary ledgers to GL under accounting requirements.
- Performed cost adjustments, depreciation/amortization, retirement or disposal consistently with IFRS/GRAP.
- Reviewed potential fix asset invoices in accordance with capitalization policies and IFRS/GRAP.
Project Accountant
Tasima (Pty) Ltd
Midrand
03.2011 - 05.2015
- Posted and processed journal entries to ensure all business transactions are recorded
- Updated accounts receivable and issue invoices
- Updated accounts payable and perform reconciliations
- Assisted in processing of balance sheets, income statements and other financial statements
- Assisted with reviewing of expenses, payroll records load for payment as assigned
- Updated financial data in databases to ensure that information will be accurate and immediately available when needed
- Prepared and submit weekly/monthly reports
- Assisted Finance Manager to prepare monthly/yearly closings reports
- Assisted with other accounting projects
- Reconciled all bank accounts daily
- Reconciled all bank accounts monthly
Student Assistance
University of Zululand
Empangeni
01.2010 - 10.2010
- Prepared learning materials, helping lecturer prepare for daily lectures
- Provided clerical support, addressing routine and special requirements.
- Mentored and tutored students needing additional help.
- Organized materials in lecture spaces based on lecture plans, activity stations or other requirements outlined by teachers.
Finance Officer
Fusha Motors, GWD
Nelspruit
11.2009 - 03.2010
- Processed all monthly journals.
- Monitored expenditure across company and report thereon.
- Assisted with preparation for annual BEE audit.
- Designed, implemented and monitored internal controls.
- Supported various ad-hoc projects to drive automation, system enhancements, corporate structuring etc.
- Maintained system (users, GL accounts, suppliers, customers and products
- Prepared weekly payment runs (including foreign payments).
- Managed system month end close.
- Liaised with banks and other compliance parties regarding all queries.
- Managed Stock, Debtors and Creditors .
- Approved new service orders / issue Purchase Orders.
- Approved customer Credit Notes.
- Fixed Asset management including Fixed Asset Register.
- Prepared and submitted VAT returns
Ledgers Clerk: Control Centre
Ned Bank
Manzini
10.2006 - 12.2007
- Processed payments for cheques, invoices, and other documentation using computer software programs
- Recorded daily bank transactions in a ledger or database using computer software
- Maintained records of customer accounts, including updating account balances and making deposits and withdrawals
- Processed cheques by inputting data into the computer system and updating customer records
- Handled customer service issues such as resolving complaints, answering questions about bank products or services, and processing cheques deposits
Accounts Assistant
Pharm Pro Marketing
Nelspruit
11.2004 - 10.2006
- Processed payments and documents such as invoices, journal vouchers, employee reimbursements and statements.
- Maintained clean and organized files by keeping accounts payable records up-to-date.
- Prepared and mailed invoices to customers, processed payments and documented account updates.
- Prepared itemized statements, bills or invoices and recorded amounts due for items purchased or services rendered.
- Completed weekly check runs and maintained accounting ledgers by verifying and posting account transactions into accounting system.
- Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
- Reconciled company accounts for credit cards, employee expenses and commissions.
- Used accounting software to prepare weekly and monthly financial reports
Education
Bachelor of Commerce - Accounting And Finance
University of South Africa
Pretoria, GP 01.2020 - Current
Master of Commerce - Business Management
University of KwaZulu-Natal
Durban, KZN 06.2017 - 12.2020
Post Graduate Diploma - Project Management
Management School of South Africa (Mancosa)
Johannesburg, GP 01.2012 - 12.2012
Honours Bachelor of Commerce (Business Management) - Banking And Financial Support Services
University of Zululand
Empangeni, KZN 01.2010 - 12.2010
Honours Bachelor of Commerce - Business Management
University of Zululand
Empangeni, KZN 01.2010 - 12.2010
Bachelor of Commerce - Banking And Financial Support Services
University of Zululand
Empangeni, KZN 01.2007 - 12.2009
High School Diploma -
Unity Secondary School
Daveyton, GP 01.2003 - 12.2003
Skills
Admirable experience in supervising accounting activities
Asset Management
Fixed assets reporting familiarity
Fixed asset depreciation
Asset Statements
Ability to resolve all issues efficiently
Ability to maintain accuracy on all work
Certification
Softline VIP Academy
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
Judge a man by his questions rather than his answers.
Voltaire
Timeline
Acting Asset Manager
Road Traffic Management Cooperation
10.2022 - Current
Team Leader: Assets
Road Traffic Management Cooperation
10.2020 - 01.2021
Bachelor of Commerce - Accounting And Finance
University of South Africa
01.2020 - Current
Master of Commerce - Business Management
University of KwaZulu-Natal
06.2017 - 12.2020
Project Accountant
Road Traffic Management Cooperation
05.2015 - 10.2020
Post Graduate Diploma - Project Management
Management School of South Africa (Mancosa)
01.2012 - 12.2012
Project Accountant
Tasima (Pty) Ltd
03.2011 - 05.2015
Student Assistance
University of Zululand
01.2010 - 10.2010
Honours Bachelor of Commerce (Business Management) - Banking And Financial Support Services
University of Zululand
01.2010 - 12.2010
Honours Bachelor of Commerce - Business Management
University of Zululand
01.2010 - 12.2010
Finance Officer
Fusha Motors, GWD
11.2009 - 03.2010
Bachelor of Commerce - Banking And Financial Support Services
University of Zululand
01.2007 - 12.2009
Ledgers Clerk: Control Centre
Ned Bank
10.2006 - 12.2007
Accounts Assistant
Pharm Pro Marketing
11.2004 - 10.2006
High School Diploma -
Unity Secondary School
01.2003 - 12.2003