Microsoft
Sitha Devi Rajkoomar
Professional Accountant S.A
Summary
Financial Executive and Business Consultant with proven experience in business development, from startup to R150M in annual revenues. Offering keen financial acumen to lead businesses to profitability in both lean times and periods of growth. Known for excellent recruiting, hiring and managing high-performance teams. Experienced in finance and accounting, operations, supply chain, and human resources. Virtually managing three companies in the property rental and facilities and procurement management realm. Highlight of my career has been facilitating the 40% sale of Thermowise to Viessmann, a German based entity in 2020.
Overview
31
31
years of professional experience
2
2
Certifications
2
2
Languages
Work History
CFO
Thermowise
2015.05 - 2022.09
- Directed budget development, creation of budgetary controls and recordkeeping systems and investment management aligned with IFRS and GAAP
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Oversaw budgets, payroll, and accounts payable and receivable.
- Oversaw accounts payable and receivable to track income and expenditures, drive statutory compliance and provide quantitative financial information
- Oversaw deployment of strategic business plans to accomplish accounting, compliance, and revenue targets.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Completed in-depth analyses of risks to control company profile, enhance systems, and track legal concerns.
- Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
- Assessed company resources to keep business funded and nurture relationships with investors, lenders and key partners.
- Spearheaded contract negotiation and financing to complete high-priority projects and realize target outcomes.
- Analyzed inventory strategy, reduced expenses and renegotiated contracts with vendors to increase profit margin.
- Prepared year-end fixed asset schedule to create positive impact on shareholders, creditors and investors.
- Worked closely with audit team to hedge against or mitigate operational risks.
- Devised systems to monitor, evaluate and track operational achievements.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
Director
Zululand Steam Africa
2005.05 - 2014.02
- 2005 to 2011 - Payroll Manager
- Responsible for the payroll processing of 400 employees, situated across South Africa and Zambia
- Monthly/Year end reconciliations and SARS submissions
- EE and BBBEE submissions
- 2011 to 2014 - Chief Accounting officer/Director
- Worked closely with organizational leadership and board of directors to guide operational strategy.
- Managed daily operations while overseeing multiple locations to foster increased productivity.
- Monitored office workflow and administrative processes to keep operations effective
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Collected and reported monthly expense variances and explanations.
- Provided journal entries and performed accounting on accrual basis.
Administrative Manager
Top Carpets-Stanger
1994.11 - 2004.07
- Established workflow processes, monitored daily productivity, and implemented modifications to improve overall performance of personnel.
- Trained employees in company and regulatory compliance requirements to promote conformance.
- Oversaw office inventory activities by ordering and requisitions and stocking and shipment receiving.
- Delivered performance reviews, recommending additional training or advancements.
- Updated reports, managed accounts, and generated reports for company database.
- Supervised staff and delegated tasks to maintain positive, productive administrative operations.
- Coordinated customer, vendor and stakeholder relations for smooth communication flows.
- Created reports, presentations and other materials for executive staff.
- Processed weekly payroll for 20 employees.
- Responsible for accounts receivable, accounts payable and bookkeeping
Creditors Clerk
Nariansingh & Sons
1991.11 - 1994.09
Education
Professional Accountant SA -
SAIPA
10.2014
B.Compt - Accounting
UNISA
05.2011
Skills
Cash Flow Management
Strategic Financial Planning
Performance Metrics Analysis
Fiscal Management
Quantitative Analysis
Budget Development
Corporate Leadership
Operational Decision Making
Audit Coordination
Business Forecasting
Strong analytical skills
Excellent team builder
Motivational speaker
Accomplishments
Due to financial constraints I started studying at the age of 33 via distance learning, and obtained my degree at 37years proving that age is but a number
Achieved my SAIPA accreditation in 2014
Assisted a liquidator and managed to find and secure assets to the value of over a million rand which were held without authorisation by certain individuals
Responsible for a turn-around strategy that achieved an almost ten fold increase in revenue in less than five years
Instrumental in the sale of a local company to a German entity
Acquired properties in conjunction with Business Partners in two provinces
Managing two property rental companies for over six years despite not having prior experience in this industry
Mentored many aspiring individuals who have carved a niche for themselves in their respective careers
Affiliations
SAIPA
Software
Pastel
VIP payroll
Evolution
Bluebox
Quickbooks
Certification
Certified payroll administrator
Timeline
CFO
Thermowise
2015.05 - 2022.09
Director
Zululand Steam Africa
2005.05 - 2014.02
Administrative Manager
Top Carpets-Stanger
1994.11 - 2004.07
Creditors Clerk
Nariansingh & Sons
1991.11 - 1994.09
Professional Accountant SA -
SAIPA
B.Compt - Accounting
UNISA