Thoveni Govender
Finance Director
Midrand
Summary
Logical and disciplined financial leader with over 25 years of experience in driving results through strategic planning, financial analysis, and budgeting. Expertise in managing debt, taxation, and equity policies, complemented by a strong ability to organize and oversee systems, records, and accounts. Recognized for fostering team collaboration while maintaining objectivity and sensitivity to diverse perspectives, ensuring effective decision-making in dynamic environments. Committed to maximizing organizational performance through comprehensive financial reporting, risk management, and compliance initiatives.
Overview
25
25
years of professional experience
Work History
FINANCIAL DIRECTOR
CENTRACOM PTY LTD
09.2014 - Current
- Strategic planning, monitoring business performance, monitoring cash flow, overseeing budgets and ensuring that these are being adhered to, working with various departments and teams, supervision of accounts team, preparation and presentation of accounts, planning for the future, research ways to maximise revenue streams, competitor analysis
- Supervisory Function: Effectively supervise reportees and ensure that individuals perform in accordance with the requirements of company standards
- Address any performance related issues with these reportees
- Provide necessary training and development that these staff may require
- Spearheaded financial strategy development, enhancing budget accuracy and driving sustainable growth across multiple business units.
- Led cross-functional teams to implement financial compliance initiatives, ensuring adherence to regulatory standards and risk management protocols.
- Streamlined financial reporting processes through automation, reducing turnaround time and improving data accuracy for executive decision-making.
- Mentored finance staff on best practices in budgeting and forecasting, fostering a culture of continuous improvement and accountability.
FINANCIAL MANAGER
CENTRACOM PTY LTD
10.2008 - 08.2014
- To manage team to ensure that accurate and timeous reconciliations of accounts and the accurate processes of billing. Presentation of monthly management accounts in board meetings. Facilitation of payment of suppliers, bank authorisations and collections. Reconciliation of general ledger accounts. Strategic planning and implementation.
- Supervisory Function: Effectively supervise reportees and ensure that individuals perform in accordance with the requirements of company standards
- Address any performance related issues with these reportees
- Provide necessary training and development that these staff may require
- Compliance and Internal Control: Identification of control risks and implement procedures to address these risks
- Ensuring the compliance to all procedures in place
- Financial management: Daily/Weekly cashflow analysis
- Monthly management packs and presentation of accounts
- Annual audit packs
- Annual BEE audit
- Monthly/annual stock takes
- Asset management
- Compilation and submission of monthly returns
- Monthly payroll adjustments
- Debtor/Creditor reconciliations
- Route/rate optimisation
- Oppex & Capex
- Annual Budgets & planning
- Granting of credit
- Management of prepaid customers
- VAT calculations and submission
- PAYE submission
- Provisional tax payments
- Application of tax clearance certificates
- WCA calculation and submission
- Billing: Billing analysis and interrogation
- Ensuring the accuracy of billing
- Network reconciliations to further ensure the accuracy of billing
- Debit order management
- Management of EFT customers
- Filing: Effective management of filing system
- Stores: Management of stores
- Maintenance of stock levels
- Monthly stock take and necessary adjustments
- Full accounting function: Debtors, Creditors, Cashbook, Monthly management packs, Annual audit packs, Discounting of hardware with finance house
- System Implementation/Achievements: Successful implementation of financial controls
- Integration of Billing system with accounting system
- Automation of debit orders and debit order receipts
- Workflows within the finance department
- Implementation of purchase order workflow system for the group
- Inventory control, asset management
- Implementation of SAGE VIP previously outsourced
- Debtor day/bad debt reduction
- Effective cost reduction and management
- Credit limit management
- Implementation of a cancellation workflow
- Implementation of Reseller (White Label) business model
- Negotiation of contracts with new suppliers
- Negotiation of rate reductions with existing providers
- Negotiation with banks and other finance houses on finance facilities
- Developed and implemented financial strategies to optimize cash flow and enhance overall profitability.
- Led cross-functional teams in the preparation of annual budgets, ensuring alignment with organizational goals.
- Streamlined financial reporting processes through automation, resulting in increased accuracy and reduced turnaround time.
- Monitored compliance with financial regulations, mitigating risks and ensuring adherence to industry standards.
ASSISTANT ACCOUNTANT/ACCOUNTING OFFICER
CENTRAFIN PTY LTD
10.2007 - 09.2008
- Administration of payouts to dealers, Creditors, CB
- Processing of payouts: Ensuring correct deal data has been loaded, correct factor for both dealer & funder, deductions & debit orders have been loaded correctly, export of deals once it has been finalised & generating of debit orders and necessary accounting entries.
- Accounting: Downloading of bank statements for distribution to relevant parties.
- Import & transmission of debit orders for both acquire & DMS Protos (insurance) reconciliation at month end.
- Successful integration of DMS data (accounting entries) to Great Plains via an integration Manager which involved ensuring compatibility of data in excel prior to the import.
- Reconciliation of data (accounting entries) that had been imported.
- Creditors: Capturing, reconciliation and payout of non deal creditors.
- Cashbook: Capturing all transactions not related to finance deals.
- Assistance in reconciling fin accounts - Centravoice
- General account queries
- Various adhoc duties
- Finances: Daily cash flow analysis
- Achievements: In January 2008 the Financial Manager resigned without notice, I had successfully fulfilled some of his duties: VAT submission, integration, providing figures to the Financial Director for management packs. I am confident that the experience I gained at Centrafin groomed me for the position of Financial Manager at Centracom.
- 01/07/2008 – I was promoted from Accounting Officer to Assistant Accountant within Centrafin
- 16/07/2008 – I was promoted to Financial Manager of Centracom, a newly formed VoIP company within Centratel Group Investments.
- REASON FOR LEAVING: PROMOTED WITHIN THE GROUP
- Prepared and maintained accurate financial records, ensuring compliance with relevant accounting standards and regulations.
- Assisted in the preparation of monthly financial reports, enhancing the decision-making process for upper management.
- Collaborated with cross-functional teams to streamline accounting processes, resulting in improved efficiency and accuracy.
- Managed accounts payable and receivable functions, reducing discrepancies and improving cash flow management.
JUNIOR ACCOUNTANT/BOOKKEEPER
TUFFIAS SANDBERG ksi (Registered Accountants and Auditors)
10.2006 - 08.2007
- Performing the bookkeeping function of allocated clientele
- Processing the cashbooks for a range of clients: Capturing from source documents accurately on Pastel & Microsoft Office.
- Process general, purchases and sales journals.
- Debtors and creditors administration.
- Process stock and certain reconciliations.
- Preparation of fixed asset registers in compliance with the companies act.
- Review bank reconciliations and investigate variances monthly.
- Preparation of monthly/bimonthly income and expenditure statements to ensure accuracy and integrity of the supplied financial information.
- Preparing and reconciling of all statutory returns: VAT, EMP201, and WCA.
- Preparation of management accounts for client review.
- Investigate and reply to any queries arising from the client scrutiny of their management accounts.
- Annual Financial Statements: Preparation of Audits and year-end procedures for, Close Corporations, Trusts, Body Corporate and Sole Proprietors as well as private companies that did not require audits.
- REASON FOR LEAVING: ALIGN MY EDUCATIONAL GOALS WITH CAREER GOALS
ADMINISTRATION OFFICER
SAILING PUBLICATIONS (Yachting Magazine)
04.2005 - 10.2006
- Effectively manage the administration of the business
- Subscriptions – gifts, new & renewal subscriptions
- Distribution of subscription renewal letters and invoices and statements on a monthly basis.
- Books – ordering & supplying of books requested
- Responsible for capturing & reconciling petty cash
- Processing credit card payments & reconciling the account
- Banking, archiving, ordering stock, stock control
- Maintenance of the member’s personal finances
- Capturing “free classifieds” for monthly issues
- Updating the web page
- REASON FOR LEAVING: RE-LOCATION TO GAUTENG
BOOKKEEPER
FOUCHé HODKINSON McLOUGHLIN
01.2001 - 01.2005
- Performing the bookkeeping function of allocated clientele
- Processing the cashbooks for a range of clients
- Payroll function
- Annual Financial Statements
- Statutory
- Taxation
- REASON FOR LEAVING: ALIGN MY EDUCATIONAL GOALS WITH CAREER GOALS
Education
Matric with Exemption - English, Afrikaans, Mathematics, Economics, Business Economics, Accountancy
Wyebank Secondary
Durban, South Africa12-1997
National Diploma - Accountancy
Durban
Durban, South AfricaSkills
Financial data analysis
Expense tracking and analysis
Cash flow optimization
Regulatory compliance oversight
Development of internal controls
Profit enhancement techniques
Long-term strategic planning
Market competitor analysis
Risk assessment
Financial reporting
Audit readiness
Tax compliance
Budget optimization
Financial accuracy
System integration expertise
Personal Information
- ID Number: 7907160144084
- ID Number: 7907160144084
- Nationality: South African
Timeline
FINANCIAL DIRECTOR
CENTRACOM PTY LTD
09.2014 - Current
FINANCIAL MANAGER
CENTRACOM PTY LTD
10.2008 - 08.2014
ASSISTANT ACCOUNTANT/ACCOUNTING OFFICER
CENTRAFIN PTY LTD
10.2007 - 09.2008
JUNIOR ACCOUNTANT/BOOKKEEPER
TUFFIAS SANDBERG ksi (Registered Accountants and Auditors)
10.2006 - 08.2007
ADMINISTRATION OFFICER
SAILING PUBLICATIONS (Yachting Magazine)
04.2005 - 10.2006
BOOKKEEPER
FOUCHé HODKINSON McLOUGHLIN
01.2001 - 01.2005
Matric with Exemption - English, Afrikaans, Mathematics, Economics, Business Economics, Accountancy
Wyebank Secondary
National Diploma - Accountancy
Durban