Thembela Masoetsa
Cost & Management Accountant
Fourways
Summary
I am a methodical Plant Controller with 17 years experience in the FMCG industry, possessing high expertize in internal controls to safeguard assets & accurately report results. I am an agile, resourceful and capable problem solver with strong analytical & communication skills.
I have led the team through multiple transitions, including but not limited to FICO SAP implementation and Cost Of Goods Sold Dynamic Forecasting Tool which is still utilized throughout the Nestlé ESAR Region.
I have a Diploma in Accounting Sciences & in my final year of Advanced Diploma in Accounting Sciences (NQF7).
I am a passionate Management Accountant leader with a consistent drive to inspire, motivate and empower others.
I am currently seeking a new and challenging position, ideally in a management role where I can add value by contributing the best use of my skills & qualification while enabling further personal and professional development.
Overview
17
17
years of professional experience
5
5
years of post-secondary education
Work History
Co-Manufacturing Plant Controller
Nestle SA (Pty) Ltd
02.2023 - 04.2025
- Liaise with supply chain team to influence effective procurement and inventory management.
- Dynamic Planning Forecasting to drive strong strategic financial decisions in the market.
- Drive compliance through internal audit process
- Monthly overheads controlling (labour, energies, maintenance...)
- Implements process improvements supporting quality, cost-control and customer service.
- Prepares monthly and yearly management reports to present key facility statistics.
- BOM, variance analysis to ensure materials consumption are within standard in order to eliminate waste.
- Development and maintenance of annual budgets
- Master data monitoring and cost centre management to drive effective cost spend.
- Managed annual budget development process, resulting in accurate forecasting and decision making
- Handled new product development costing and inter-market transfer pricing.
- Handled ad-hoc requests from corporate finance, providing detailed insights into plant performance and strategic initiatives.
Costing Team Lead
Nestle SA (Pty) Ltd
01.2018 - 01.2023
- Managed operations efficiently and effectively, ensuring stakeholdets received exceptional service.
- Decision making support for Technical and Finance division in the area of manufacturing
- Market Cost of Goods Sold execution, analysis and forecast
- Verified that teams carried out tasks in compliance with company regulations.
- Remained knowledgeable in latest guidelines and best practices to ensure delivery of regulatory compliant service.
- Completed audits and risk assessments to achieve regulatory compliance.
- Oversaw stock control to maintain sufficient inventory levels and minimise waste.
Assistant Factory Controller-CoPacker
Nestle SA (Pty)Ltd
01.2015 - 12.2017
- Created internal controls and corrective actions to reduce risk or deficiencies.
- Provided guidance, training and leadership to employees to shape goals and meet targeted objectives.
- Develop improved business processes to provide greater transparency, more accurate reporting and better identification of cost-saving opportunities.
- Asset management - Assets verification and book value visibility on Nestlé assets investments at Copackers
- Leading financial analysis relating to major or strategic decisions related to the factory to ensure full visibility of costs and non _financial implications
- Managed routine audit activities across the factories to ensure compliance
Cost Controller
Nestle SA (Pty) Ltd
01.2010 - 12.2013
- Developed annual budget and compared actual expenses against projected budget to minimise costs.
- Cost reallocation and journal provisions
- Co-ordination and involvement in new product development
- Creating visibility on aging stock to avoid waste
- Cost Centre management and controlling
- Market annual standard Cost release as well timeous and accurate month end closing
Factory Assistant Controller Trainee
Nestle SA (Pty)Ltd
02.2008 - 12.2009
- Developed excellent working knowledge of industry trends and improvements in processes.
- Analysis of factory process orders
- Performed daily weekly system integrity checks to ensure a smooth period end closing
- Factory stock counts on a weekly and monthly basis
- Monthly overheads controlling
Education
Diploma in Accounting Sciences - Accounting Sciences
University of South Africa
Johannesburg, South Africa 01.2017 - 08.2021
Skills
Forecasting
Timeline
Co-Manufacturing Plant Controller
Nestle SA (Pty) Ltd
02.2023 - 04.2025
Costing Team Lead
Nestle SA (Pty) Ltd
01.2018 - 01.2023
Diploma in Accounting Sciences - Accounting Sciences
University of South Africa
01.2017 - 08.2021
Assistant Factory Controller-CoPacker
Nestle SA (Pty)Ltd
01.2015 - 12.2017
Cost Controller
Nestle SA (Pty) Ltd
01.2010 - 12.2013
Factory Assistant Controller Trainee
Nestle SA (Pty)Ltd
02.2008 - 12.2009
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