Thabang Masetla
Entity Officer
Centurion,GP
Summary
Professional with comprehensive knowledge and experience within administration, financial analysis, and financial monitoring space. Skilled at partnering with Entities and Departments in order to manage their internal control and risk management processes to ensure that the Entities and Department meet their targets. Solid understanding of the Public Finance Management Act and Treasury Regulations, including but not limited to Accounting Standards, Basic Accounting system (BAS), Estimate National Expenditure (ENE), Medium-Term Expenditure Frame work, Annual performance Plans (APP) and Strategic Plans (SP).
Overview
8
8
years of professional experience
3
3
Certifications
5
5
Languages
Work History
Entity Officer (Full time)
National Department of Small Business Development
06.2024 - Current
- Assisting with the monitoring of compliance to the prescripts of the PFMA and Treasury Regulations by public entities
- Assist with ensuring the monitoring of quarterly & annual output targets achievements.
State Accountant: Financial Monitoring (Full time)
National Department of Social Development
02.2022 - Current
- Prepared Budget formulations and budget processes for the department’s entities and non-profit organizations.
- Monitored Entities’ reports and review the departmental budget on the basic accounting system (BAS).
- Prepared monthly grant payments to SASSA and others Non – profit organizations of the department.
- Monitoring and interpretation of financial performance of the department’s public entities and non-profit organizations.
- Monitored the expenditure against implemented budget programs of non-profit organizations.
- Reviewed the shifting funds within economic classifications and between programmes of the organizations
- Assisted with the compilation and preparation of the quarterly, interim and annual financial statements of the organizations.
- Analysed non-profit organizations financial statements to identify funding risks on Monthly basis.
- Analysing & assessing the entities’ Annual Business plans & project plans for Budget/grant programs.
- Maintaining and updating the program & project plan financial statements of the entities.
- Assisting with enhancing the Database and populating of the ENE for the Department’s Entity (SASSA).
- Monitoring & ensuring the public entities’ compliance with the PFMA and the Treasury Regulations.
- Capturing & compiling the entities’ & non-profit organizations’ actual expenditure & receipts for analysis purpose.
- Performing analysis comparison of the Entities’ annual financial statements with the annual reports.
- Assisted the non-profit organizations with formulation and monitoring of compliance with regards to internal controls, policies and operating procedures.
- Identify control deficiencies of entities through review processes, prepare memos, and follow up on corrective actions.
- Coordinate the planning, preparation, verification and submission of financial statements and trial balance to management for submission to the Accounting Authority and Executive Authority.
- Ensured the submissions of entities & non-profit organizations’ budget information in terms of the Medium-Term Expenditure Framework (MTEF) and Estimates of National Expenditure (ENE).
- Resolve issues related to financial reporting through consultation and collaboration.
- Provide verified supporting documentation and implement resolutions from audit findings and audit requests, for both internal and external auditors.
- Reviewed monthly debtor’s reports for compliance with the department’s debtor’s management policy and procedures.
- Checking payment to make sure that the proper procedures has been followed and that they comply with internal processes.
- Validate accuracy, attachments, allocations and completeness of the payment document before processing.
- Capture payments on BAS.
- Compiled a complete and accurate list of Accruals for Sundry Payments for Accounts Payables on the required template together with a file of corresponding supporting documents for submission by the due date.
- Assisted with the preparations of Budget and expenditure documentations and submissions.
- Analyse monthly – in year monitoring reports from departmental entities.
- Capturing of journals accordance with financial prescripts and guidelines.
- Prepare daily bank reconciliations and prepare monthly bank reconciliation.
- Verified and followed up with regional offices and head offices for payments not complying with National Treasury Requirement.
- Ensured that payments and journals are compiled in accordance with financial prescripts.
- Attended enquiries from internal and external clients.
- Filling and maintaining proper record.
- Follow – up on status of transfers of payments on a monthly basis and draft the monthly report.
- Review monthly, quarterly and annual financial statements for compliance
- Preparing quarterly and monthly disclosure reports of debtors.
- Prepared journals for correction of expenditure misallocations relating to transfer payments.
Financial Performance Analysis (Internship)
National Department of Human Settlements
04.2019 - 06.2021
- Monitored the financial performance of the department’s public entities with regards to their compliance.
- Co-ordinated and analysed annual and quarterly financial statements of the department’s entities.
- Monitored and analysed quarterly expenditure trends of the public entities’ annual programs.
- Co-ordinated and analysed Annual performance plans and Strategic plans of the department’s entities.
- Assessed the department’s public entities financial status with regards to their Actual expenditure and forecasted budgets.
- Assisted & reviewed the planning and budgeting for the department’s public entities’ Annual Budget forecasts.
- Co-ordinated and analysed public entities’ audit report statuses for submission.
- Prepared public entities’ Annual and quarterly disbursement grants for submission.
- Provided oversight on approved projects and ongoing monitoring on project progress post investment.
- Maintained clear communication between the department and the public entities, with regards to financial performance compliance.
Intern Financial Analyst (Internship)
Secha Capital (Pty) Ltd
02.2018 - 01.2019
- Conducted research and provided analysis on investment proposals in different sectors of the economy.
- Collated inputs for quarterly and annual business plans and reports from potential business investments.
- Facilitate early-stage investor engagement and visit coordination
- Analyse current and past financial data.
- Sorted and Cleaned Financial Data on excel for analysis purposes.
- Drafted, Prepared and packaged investment project information for investor conferences and summits.
- Analysed monthly and quarterly financial statements for performance monitoring purposes.
- Effectively communication and collaboration with businesses we have invested in.
- Assisted in creating budgeting and forecasting financial models.
- Prepared bank reconciliations.
- Captured monthly invoicing on Pastel.
Education
BCOM Honours - Treasury Management Degree
University of Johannesburg
01.2017
BCOM Finance Degree - undefined
University of Johannesburg
01.2015
National Diploma Accounting - undefined
University of Johannesburg
01.2012
Matriculation / Grade 12 - undefined
Merensky High School
01.2008
Skills
- Financial analysis
- Budgeting and planning
- Compiling reports
- Treasury regulations
- PFMA Act policies
- GRAP Accounting standards
- Communication
- Report writing
- Team collaboration
Certification
Sage 50c Pastel Partner Accounting Intermediate October 2021
References
Eunice, Kgogome, eunicek@dsd.gov.za, 083 306 2252, Department of Social Development
Awards
List any awards you have received here
Affiliations
Are you a member of any professional organisations?
PERSAL
Sage Pastel Partner Accounting
Timeline
Entity Officer (Full time)
National Department of Small Business Development
06.2024 - Current
State Accountant: Financial Monitoring (Full time)
National Department of Social Development
02.2022 - Current
Financial Performance Analysis (Internship)
National Department of Human Settlements
04.2019 - 06.2021
Intern Financial Analyst (Internship)
Secha Capital (Pty) Ltd
02.2018 - 01.2019
BCOM Finance Degree - undefined
University of Johannesburg
National Diploma Accounting - undefined
University of Johannesburg
Matriculation / Grade 12 - undefined
Merensky High School
BCOM Honours - Treasury Management Degree
University of Johannesburg
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