Summary
Overview
Work History
Education
Skills
Accomplishments
Certification
Additional Information
Affiliations
Software
Timeline
Generic
Siphiwe Kumalo

Siphiwe Kumalo

Chartered Accountant
Johannesburg

Summary

Siphiwe is a Chartered Accountant with external audit experience in the Consumer Industrial Products & Services (Retail & Consumer;
Industrial Products – Industrial Manufacturing and pharmaceuticals) having managed audit projects for 5 years.

Siphiwe has since become a results-driven Financial Director with solid accounting expertise developed over a 6-year career. Siphiwe's position as Financial Director has made Siphiwe familiar with establishing policies, setting budgets, implementing financial plans and delivery strategic financial advice, organizing and managing records and accounts.

Overview

13
13
years of professional experience
17
17
years of post-secondary education
1
1
Certificate
3
3
Languages

Work History

Financial Director

Afrikan Farms (Pty) Ltd
Amersfoort
12.2020 - Current
  • Prepared monthly management accounts for business
  • Compliance with statutory requirements (i.e. Companies Act; South African Tax Act, Labour Laws)
  • Assisted companies within group with capital raising initiatives relating to growth and working capital facilities, as and when necessary
  • Conducted and proposed annual budget
  • Ongoing monitoring and control of budget
  • Contributed to overall strategy of business focusing on finance and growth-related aspects thereof;
  • Provided strategic financial advice to CEO and board to ensure strategic and prudent financial management (including cost containment initiatives);
  • Established and implemented financial controls and governance
  • Established and maintained sound systems that will serve financial reporting and operational requirements of business
  • Closely monitored monthly financial performance of business
  • Established and maintained Key Stakeholder Relationships
  • Prepared and presented audited Financial Statement, achieving unqualified audit report
  • Lead committee and board meetings discussing budgets and related financial decisions.
  • Established and enforced controls on revenue and expenses to protect company assets.
  • Identified partnership opportunities and established favorable business connections.
  • Enhanced internal control systems and procedures to mitigate risk and support opportunities.
  • Prepared monthly reconciliation and took corrective actions on deviations.
  • Assisted with recruiting, interviewing and hiring new department employees.
  • Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
  • Company Secretarial duties

Financial Director

WeGrow Farming Enterprises (Pty) Ltd, Farming Enterprises
Amersfoort
03.2019 - Current
  • Prepared monthly management accounts for business.
  • Compliance with statutory requirements (i.e. Companies Act; South African Tax Act, Labour Laws).
  • Together with CEO, conducted and proposed annual budget.
  • Ongoing monitoring and control of budget.
  • Contributed to overall strategy of business focusing on finance and growth-related aspects thereof.
  • Provided strategic financial advice to CEO and board to ensure strategic and prudent financial management (including cost containment initiatives);
  • Established and implemented financial controls and governance.
  • Established and maintained sound systems that will serve financial reporting and operational requirements of business.
  • Closely monitored monthly financial performance of business.
  • Established and maintained Key Stakeholder Relationships
  • Prepared and presented audited Financial Statement, achieving unqualified audit report
  • Lead board and committee meetings discussing budgets and related financial decisions.
  • Monitored budget , compiling reports for company leadership to inform decision-making.
  • Prepared monthly reconciliations and took corrective actions on deviations.
  • Enhanced internal control systems and procedures to mitigate risk and support opportunities.

Chief Operating Officer

Vusi Khanyile Family Trust
Johannesburg
02.2018 - Current
  • Managed Property Investments (Residential and Farming)
  • Oversaw accounting function and preparation of Financial Statements
  • Ensured compliance with statutory requirements
  • Ensured Compliance with Trust Deed

Chief Operating Officer

Afrikan Farms (Pty) Ltd, Afrikan Farms Pty Ltd
Amersfoort
02.2018 - 12.2020
  • Together with Founders, Board and Management, formulated Strategic Vision of and Key Strategic Priorities.
  • Aligned organizational objectives with company mission to increase business growth and integrate work strategies.
  • Devised and presented business plans and forecasts to board of directors.
  • Established reliable Actual livestock figures
  • Performed reconciliations
  • Ensured all Statutory records for Group companies are in order
  • Ensured that all HR (People) policies are drafted workshopped with employees and approved by Board
  • Ensured that operating systems are fully utilized by employees, arranging required training and support from our service providers
  • Ensured that filing systems (both manual and electronic) are in order and used effectively
  • Ensured that admin office is fully utilized
  • Performed Feasibility studies on planned Growth Projects
  • Identified and pursued business development opportunities to grow organization and increase revenue.
  • Established Enterprise and Supplier Development Partnerships between Afrikan Farms and leading players in Food and Financial Services sectors
  • Managed crisis response to minimize potential negative impacts on company.
  • Assisted with Performance Management
  • Established Brand Building, Stakeholder Management and Communication
  • Monitored key business risks and established risk management procedures.
  • Responsible for management and administration of Employee Benefits and ensure healthy and regular communication with service providers.

Senior Audit Manager

PricewaterhouseCoopers Inc
Johannesburg
07.2016 - 01.2018
  • Conducted strategic and technical reviews to verify compliance with quality control standards, schedule constraints and budget parameters.
  • Trained and mentored department staff on policies and procedures to establish strong foundation for client development and service activities.
  • Attended industry conferences to gain understanding of trends and engage with current and potential clients.
  • Analyzed complex client problems and generated targeted solutions that resolved outstanding issues while enhancing client business positions.
  • Assisted staff auditors with providing quality audits.
  • Analyzed accounting systems for efficiency and effectiveness.
  • Coordinated, managed and implemented auditing projects and prepared for evaluation.
  • Advised clients of industry trends and emerging conflicts and presented solutions that enhanced client business goals.
  • Partnered with internal managers to deliver client proposals and presentations and increase department sales revenues.
  • Participated in billing and collections operations to facilitate client payment of overdue invoices.

Audit Manager

PricewaterhouseCoopers Inc
Johannesburg
09.2014 - 06.2016
  • Conducted strategic and technical reviews to verify compliance with quality control standards, schedule constraints and budget parameters.
  • Trained and mentored department staff on policies and procedures to establish strong foundation for client development and service activities.
  • Coordinated, managed and implemented auditing projects and prepared for evaluation.
  • Recommended changes to management regarding financial operations.
  • Partnered with internal managers to deliver client proposals and presentations and increase department sales revenues.
  • Participated in billing and collections operations to facilitate client payment of overdue invoices.

Assistant Internal Audit Manager

Nkonki Inc
Johannesburg
09.2013 - 08.2014
  • Provided professional services and support in dynamic work environment.
  • Cultivated interpersonal skills by building positive relationships with others.
  • Demonstrated creativity and resourcefulness through development of innovative solutions.
  • Managed time efficiently in order to complete all tasks within deadlines.
  • Participated in team projects, demonstrating ability to work collaboratively and effectively.
  • Paid attention to detail while completing assignments.
  • Proven ability to learn quickly and adapt to new situations as this was my first stint in Internal Audit
  • Assisted with day-to-day operations, working efficiently and productively with all team members.
  • Proved successful working within tight deadlines and fast-paced environment.
  • Gained strong leadership skills by managing projects from start to finish.

Trainee accountant

PricewaterhouseCoopers Inc
Johannesburg
01.2010 - 12.2012
  • Applied effective time management techniques to meet tight deadlines.
  • Demonstrated leadership skills in managing projects from concept to completion.
  • Proven ability to learn quickly and adapt to new situations.
  • Demonstrated respect, friendliness and willingness to help wherever needed.
  • Paid attention to detail while completing assignments.
  • Developed strong organizational and communication skills through coursework and volunteer activities.
  • Organized and detail-oriented with strong work ethic.
  • Demonstrated high level of initiative and creativity while tackling difficult tasks.
  • Used critical thinking to break down problems, evaluate solutions and make decisions.
  • Completed paperwork, recognizing discrepancies and promptly addressing for resolution.
  • Acted as team leader in group projects, delegating tasks and providing feedback.
  • Gained strong leadership skills by managing projects from start to finish.

Education

B. Com Honours - Accounting (CTA

University of Johannesburg
Johannesburg
01.2009 - 12.2009

B. Com Accounting - Accounting And Finance

University of Johannesburg
Johannesburg
01.2005 - 12.2008

High School Diploma -

St. Dominic's College Welkom
Welkom
01.1994 - 12.2005

Skills

Good knowledge of IFRS; Companies Act; Tax Actundefined

Accomplishments

Afrikan Farms

Raised Capital at favourable rates to establish new vegetable enterprise
Raised Capital at favourable rates to new establish 4-hectare apple orchard in Amersfoort


WeGrow Farming Enterprises

Raised Capital to establish new 600-sow piggery in 2019
Raised Capital to expand piggery to 1200 sow piggery in 2022

Certification

SAICA- Chartered Accountant

Additional Information

Board of Director
Afrikan Farms (Pty) Ltd
WeGrow Farming Enterprises (Pty) Ltd
Afrikan Farms Development Foundation Investments (Pty) Ltd
Point of View Villa (Pty) Ltd


COMMUNITY SERVICE
Trust: Afrikan Farms Development Community Trust
Duration: 01 December 2019 – current
Position: Founding Trustee

Affiliations

South African Institution of Chartered Accountants: 20029049
Tax Practitioner Reference Number: PR-0107740
Institution of Directors South Africa: 66501275

Software

Sage

Xero

Microsoft

Timeline

Financial Director

Afrikan Farms (Pty) Ltd
12.2020 - Current

Financial Director

WeGrow Farming Enterprises (Pty) Ltd, Farming Enterprises
03.2019 - Current

Chief Operating Officer

Vusi Khanyile Family Trust
02.2018 - Current

Chief Operating Officer

Afrikan Farms (Pty) Ltd, Afrikan Farms Pty Ltd
02.2018 - 12.2020

Senior Audit Manager

PricewaterhouseCoopers Inc
07.2016 - 01.2018

Audit Manager

PricewaterhouseCoopers Inc
09.2014 - 06.2016

Assistant Internal Audit Manager

Nkonki Inc
09.2013 - 08.2014

Trainee accountant

PricewaterhouseCoopers Inc
01.2010 - 12.2012

B. Com Honours - Accounting (CTA

University of Johannesburg
01.2009 - 12.2009

B. Com Accounting - Accounting And Finance

University of Johannesburg
01.2005 - 12.2008

High School Diploma -

St. Dominic's College Welkom
01.1994 - 12.2005

SAICA- Chartered Accountant

Siphiwe KumaloChartered Accountant