SPHELELE MNCWANGO

I have been a valuable member of the Project Accounting team for about a year and counting. During this time, I have demonstrated a strong work ethic, a willingness to learn, and a positive attitude, quickly becoming a contributing member of the department. Beyond technical skills, I possess a positive and adaptable personality. I am a cooperative team player and have seamlessly integrated into the department's work ethic and culture.

I have undergone comprehensive on-the-job training, gaining proficiency in key areas of the Project Accountant role. My growth and contributions to the department include:

• SAP Proficiency: I have successfully completed training in the PPM and PS modules of SAP, achieving the associated SAP Project Accountant profile. This enables me to independently transact, monitor, and report on capital expenditure (CAPEX) performance.
• CAPEX Reporting: I have actively contributed to the compilation of monthly and quarterly management reports, focusing on three key systems. While still developing my expertise, I have made significant progress and am expected to operate with increasing autonomy. This contribution strengthens the department's reporting capabilities and provides valuable insights into CAPEX performance
• Project Management Exposure: Through job shadowing and attendance at relevant program and project management meetings, I have gained valuable exposure to Rand Water's culture and service delivery expectations. This structured approach to onboarding prepares me for increased responsibility and contribution to project success.
• Procurement Support: I conduct financial analysis of prospective bidders' financial statements, a critical service provided by the department to the Bid Evaluation Committee. This skill strengthens the procurement process and ensures informed decision-making

• Supported cash flow optimization efforts by actively monitoring outstanding accounts receivable balances and pursuing collections when needed.
• Monitored project costs, developed job cost forecasts, managed cash flow and approved invoices for payment.
• Assisted in the preparation of comprehensive financial reports for both internal and external stakeholders, providing valuable insights into project performance.
• Reviewed and approved timesheets for project employees.
• Improved project budget accuracy by diligently tracking expenses and regularly updating financial forecasts.
• Maintained accurate fixed asset records for assigned projects, ensuring proper depreciation schedules were followed according to company policy.
• Facilitated a smooth audit process with detailed documentation of project-related transactions, minimizing audit findings and recommendations.
• Assisted in the development of annual operating budgets by gathering historical data, analyzing trends, and collaborating with department heads on projections.
• Investigated expenses not billed to customers and vetted employee reasoning.
• Contributed to successful project completion by providing timely financial data analysis for informed decision-making processes.
• Optimized cash flow management, accurately forecasting project revenues and monitoring fund disbursements.
• Reduced discrepancies in financial reporting by conducting thorough account reconciliations and adjusting entries as needed.
• Authorized and reviewed funds transfers into and out of project accounts.

Financial Accountant responsibilities across the following areas:
Journal Processing & Posting: Accurately process and capture received journals in SAP, ensuring all entries are supported by relevant source documents, authorized at the correct level, and allocated to the appropriate general ledger accounts and objectives.
General Ledger Reconciliations: Identify and resolve discrepancies in general ledger reconciliations, ensuring timely corrective action.
Electricity Provisioning: Conduct quarterly electricity cost reviews and process provisions based on contract data upon receipt.
Journal Entries & System Parking: Prepare, post, and park journals on the system, ensuring accuracy and compliance with accounting policies.
Accounting Adjustments: Process provisions, accruals, reversals, and journal entries in alignment with financial reporting standards and company guidelines.
Timely Information Delivery: Provide requested financial data and reports within the prescribed timelines set by your supervisor.
Audit Compliance & Risk Mitigation:
Ensure zero repeat and significant audit findings by maintaining strong internal controls.
Support ISO audit compliance for both internal and external audits, conducted bi-annually per QMA schedule.
Contribute to achieving an unqualified external audit report, demonstrating adherence to accounting standards and financial accuracy.
Internal Control & Compliance: Maintain robust financial controls to mitigate risks, ensure compliance with legislative and regulatory requirements, and produce accurate and reliable financial statements.
SAP Posting Clearance: Regularly review and clear SAP posting reports to ensure completeness, accuracy, and proper classification of transactions.
Trial Balance Accuracy: Ensure the reliability, consistency, and accuracy of the trial balance by performing regular reviews and reconciliations.

• Assisted with month-end closing procedures, journal entry review, balance sheet analysis and monthly management report preparation.
• Prepared insightful monthly management reports highlighting key trends in cost behavior and offering actionable recommendations for improvement opportunities.
• Conducted in-depth variance analysis to identify root causes of discrepancies between actual results versus projections, informing corrective actions as necessary.
• Developed customized financial models for more accurate forecasting of business performance, aiding strategic planning efforts.
• Predicted, planned and recorded costs of raw materials, labor and operation.
• Calculated labor and overhead rates, annually updating costs.
• Compiled general ledger entries on short schedule with 100% accuracy.
• Prepared working papers, reports and supporting documentation for audit findings.

• Group Reporting Accountant responsibilities include, but are not limited to:
  
  Expense Verification & Reporting: Review and verify allocated expenditures to ensure accuracy, compliance with IFRS, and adherence to company policies. Provide clear and precise financial information to management as needed.
  
  Budget Compliance: Monitor and track operational and controllable expenses, ensuring they align with the approved budget. Identify any deviations and work proactively to address them.
  
  Management Reporting: Prepare comprehensive management reports (TMC reporting), ensuring accuracy and timely submission. Analyze financial data to provide meaningful insights for decision-making.
  
  Financial Statement Preparation: Compile and prepare financial statements using CASEWARE, ensuring compliance with relevant accounting standards and internal policies.
  
  Accounting Opinion Requests: Receive and review internal requests for accounting opinions, verifying the accuracy, completeness, and validity of the information provided.
  
  External Accounting Consultation: Facilitate the process of obtaining external accounting opinions when necessary, ensuring that all required details and supporting documentation are included.
  
  Preparation & Issuance of Accounting Opinions: Conduct thorough financial analysis and prepare well-documented accounting opinions, providing clear and justified recommendations in line with accounting standards and best practices.

• Writes information in a clear, logical manner.
• Weekly receipt of purchase order batch from supply chain to allow for cross referencing of invoices with the purchase order batch to avoid duplicate payments being made to suppliers.
• Ensure that all supplier details are accurate as per supplier database.
• All authorizations required (Financial Manager, Chief Financial Officer and Chief Executive Officer) are present on purchase requisitions to ensure that services requested are authorized orders.
• Obtaining authorizations timeously (Financial Manager, Chief Financial Officer and Chief Executive Officer) to allow for invoice payment.
• Adherence to LGSETA financial processes and procedures.
• Ensure the accurate and timely submission of creditors reports.
• Ensure that cash flow is monitored and controlled through accurate and up to date journals.
• Reduce legal risk to minimize the financial and reputational impact on LGSETA by complying to all records management processes and procedures, as well as statutory and regulatory requirements.
• Receive training on and or assist in: - Ensure all documentation is handled as per LGSETA policies and procedures in regard to attachments, stamping to indicate processed documents, number of quotations required in regard to once off suppliers.
• Professionalism: - Is punctual. Informs supervisor of absences in a timely manner. Demonstrates understanding of workplace appearance.
• Application of Management Principles: - Initiates and completes tasks independently. Tasks are completed within given timeframes. The quality of work produced is of reasonable standard.
• Team Work: - Work cooperatively with others. Works well with a variety of people. Exhibits appropriate behavior when dealing with clients. Can be trusted. Demonstrates integrity.

• Capturing Personal Details on HR Premier.
• Internship program overview.
• Probation evaluation.
• Drafting of submissions.
• Recruitment.