Skill-Building Interests ,Broadening Interests
Tumamina Mbambisa
Financial Accountant
Midrand
Work Preference
Summary
Driven by a desire for professional growth and new challenges, seeking a transition to a dynamic corporate environment to further career aspirations, including the completion of the ACCA qualification. Several years of experience in an international organization managing multi-million dollar budgets have honed strong communication and leadership skills while overseeing complex projects. A resourceful and self-motivated professional, adept at problem-solving and thriving under pressure, with keen attention to detail and a commitment to delivering results on time. Eager to contribute expertise in accounting and auditing within a collaborative team, with readiness to relocate anywhere in the country underscoring dedication to finding the right opportunity.
Overview
18
18
years of professional experience
2
2
Languages
Work History
Financial Accountant (Acting Financial Manager)
Oxfam South Africa
Johannesburg, South Africa
05.2024 - Current
- Ensure the integrity and accuracy of financial and accounting management
- Maintain a company's financial documentation, handle tax information, and analyse financial records to ensure business efficiency.
- Ensures the proper and accurate documentation and reporting of financial transactions.
- Manage a wide range of paperwork, such as income statements, balance sheets and cash flow statements.
- Deal with the general ledger, by supervising journal entries.
- Ensure the accurate representation of sensitive tax information.
- Make financial information available to stakeholders and monitor internal activities.
- Ensure organisation is running efficiently by accessing and analysing financial records, tax returns, budgets, financial reports and accounting records.
- Accounting functions enables users to execute a wide range of procedures such as financial statement analysis, account analysis and auditing. These activities assist in ensuring that their company's finances are precise, in accordance with the existing regulatory frameworks and up to date.
- Reviewing financial documents to ensure tax-compliance and collaboration with other departments to achieve monetary goals.
- Monitoring and enforcing compliance with finance-related laws, procedures and regulations such as tax filing and financial reporting.
- Performing weekly, quarterly and yearly accounting operations, including tax reporting
- Creating monthly income statements and balance sheet reports, recommending financial action
- Conducting data collection and analysis to generate weekly and monthly estimations
- Providing guidance on project funding estimates, preparing budgets and analyses
- Creating weekly financial flow figures and keeping expenditure and cash flow under control
- Auditing financial records to ensure their correctness, carrying out internal audits
- Reconciling and documenting credit card and bank transactions and accounts
- Coordinating annual audits and conducting an analysis of financial reports and support as needed
- Analysing and reporting on financial condition, including variations in income statements
- Communicating financial outcomes to executive management and key stakeholders
- Improving systems and processes and initiating corrective measures
- Ensuring proper adherence to the existing tax and regulatory frameworks
- Perform financial management duties including generating financial data, compiling and submitting reports, analyzing industry trends and assessing the financial health of the company.
- Oversee the operations and development of the company's finance departments including creating and reviewing policies, budgeting, recruiting, training and conducting regular assessments of financial procedures.
- Supervise the preparation of quarterly and annual account reconciliations, monitor and enforce compliance with tax and financial reporting standards and assist with cash flow forecasting.
- Advise colleagues and executive management on decisions related to the company's finances.
- Supervise the documentation of the company's financial status and forecasts.
- Trained employees on established practices and accounting protocols to eliminate workflow snarls and tracking concerns.
- Managed team of 5 finance and operations professionals, with day-to-day responsibility for contracting, order processing, forecasting, budgeting, reporting and analysis.
- Controlled $6,3million annual budget.
- Developed and implemented client payment requirements and recovered $890 000 in debt from advertising sales.
- Managed relationships with external auditors effectively ensuring positive outcomes during annual audits.
Senior Accountant - Compliance and Statutory
Oxfam South Africa
Johannesburg
07.2023 - 04.2024
- Review payments and captured entries in the accounting system ensuring compliance with procurement policy
- Verify supporting documents with payment requisition and banking transactions for accuracy and completeness.
- Reconcile all monthly bank statements
- Review suppliers statements against invoices
- Ensure that projects financials comply with established accounting standards, donor rules and financial guideline.
- Provide general finance and administration support to the accounting function
- Request and collect input within the finance team to prepare and submit the monthly statutory requirements (I-JIF, CODA, VAT returns, Tax etc.)
- Support project staff with preparation of project budgets.
- Provide support in implementing compliance monitoring systems.
- Support monitor organisation assets, review of useful life and residual values of assets and update the fixed asset register.
- Ensure forwarding of funds in line with grants requirements.
- Process journals entries monthly
- Record income received and code transactions to appropriate accounts, budget and donor
- Manage debtors and creditors ledger
- Balancing all accounts to TB
- Ensure that all statutory requirements of the organisation are met.
- Support the implementation of the grants procedures, processes, and policies.
- Contribute to the strengthening of internal control systems, processes and procedures.
- Identify risk issues and challenges, recommend solutions to address the risks and challenges.
- Work with the Finance and Grants Manager in providing capacity strengthening plans for project staff and partners.
- Support the review of policies and procedures to ensure compliance with donor requirements and OZA policies.
- Keep abreast with changes to the relevant accounting framework and standards and stakeholders reporting requirements.
- Prepare and ensure financial reporting is in accordance with legislative requirements.
- Prepare reports on compliance and risk, working with the Finance and Grants Manager
- Review partners financial reports to ensure only eligible expenses are charged.
- Prepare monthly expenditure for the monthly management report.
- Support and assist with internal reviews and audits, identifying risk factors and recommending solutions.
- Support projects' internal and external audits and support with action plans.
Management Accountant
JOINT AID MANAGEMENT SA-ForAfrika
Nooitgedacht, Johannesburg
05.2020 - 06.2023
- Capture financial transactions and journals on a monthly basis and maintain adequate records and post transactions into Sunsystem and Sage Accounting
- Ensure accurate data coding and completeness of documents based on JAM Chart of Accounts (COA) /Company policies and accounting principles (IFRS)
- Monthly accruals and creditors are captured to reflect correct obligations by creditor and expenditure levels.
- Keep up-to-date on documents that have a bearing on financial administrative matters, ensuring compliance as with organizational policies and procedures
- File and archive documentation as required and maintain the necessary good filing system and accounting principles
- Manage petty cash funds (the local rand and foreign), prepare disbursement vouchers to replenish imprest and coordinate banking of marketing fundraising income
- Prepare disbursement vouchers to replenish Bidvest Bank Account for staff credit card facility
- Run Monthly bank account statements and ensure no anomalies with bank items
- Run Vision excel staff advance statements and send out to each staff advances
- Responsible for checking, loading and being the first release on all online banking transactions in line with mandates (creditors, EFT's, monthly standard payments)
- Prepare Bank Reconciliation for cash books and track any outstanding bank recon items
- Liaise with banks
- Prepare reconciliations for all balance sheet accounts (management accounts);
- Ensure all reconciliations and reconciling items is supported;
- Provide an in depth understanding of all reconciliations, reconciling items and old items on the reconciliations;
- Review and analyse significant and/or problematic general ledger accounts;
- Follow-up on any variances or anomalies;
- Review reconciliations prepared by Bookkeepers for month end file and ensure intercompany amounts are reconciled and confirmed
- Prepare monthly financial reports for short term projects such as, Monthly Makeovers Projects Reports and reconciliations for new and ongoing projects
- Progressive reconciliations of Makeover Feeding Reports as per donor requirements
- Staff Advance Account monthly reports
- Preparation of management reports and submission to management
- Responsible for the integrity of the Trial Balance, Income Statement, Balance Sheet and sub books of the company.
- Responsible for processing up to Income Statement and Balance Sheet level (Financial Statements).
- Receive, review process monthly staff Bidvest Credit card advance requests ensuring all previous advances are cleared before issuing fresh ones
- Process the cash requests on Bidvest online system and submit for approval
- Receive, review and process monthly Bidvest Credit card expense cashing-ins
- Raise queries for policy noncompliance, adequacy of backup documents and resolving issues with each staff and programs department
- Respond to queries from staff members and third parties with regards business advances
- Ensure monthly credit card cash balances are reasonable for regional office petty cash needs before next replenishments
- Monthly capturing of Accounts Payables/receivables to ensure all expenses incurred/prepayment are accounted monthly
- Accrued into accounting systems all outstanding invoices
- Reconcile Accruals and Suppliers Accounts and resolve queries with Administration/procurement department
- Processing of intercompany transactions and Monthly reconciliation of intercompany accounts
- Ensuring all accruals are cleared in the month preceding reporting and at year end ensure all suppliers obligations incurred are recognised before closure of books
- Ensure reconciling items and aged items are cleared in a timely manner
- Scrutinize source documents for completeness, accuracy and validity of charges
- Investigate errors and take appropriate corrective accounting actions
- Debtors sub book management.
- Allocate incoming payments in Pastel.
- Review any reconciliations.
- Monthly reconciliation of intercompany accounts.
- Compile and maintain monthly credit notes register
- Inventory control over all divisions - manage and review monthly and annual stock counts and ensure that all variances are investigated and resolved in a timely manner.
- Capturing of stock codes on Sunsystem for all new and approved stock items.
- Accurately calculate depreciation on a monthly basis and process the depreciation journals in Sunsystem.
- Maintain the fixed asset register [update with all asset acquisitions and disposals, (management of asset verifications - Quarterly)]
- Maintain and ensure that the small asset register of the company is up to date at all times.
- Ensure that all asset acquisitions and disposals are submitted to the Financial Manager to update insurance schedules.
- Interact with Bookkeepers to ensure reconciling items and aged items are cleared in a timely manner;
- Compile accruals and ensure prior month accruals are utilised.
- Interact with Bookkeepers to ensure reconciling items are cleared in a timely manner;
- Prepare the VAT and Income Tax submissions on a monthly basis and ensure it is paid on time;
- Prepare reconciliations on each tax type and compare to submitted returns as well as statements issued by tax authorities and prepare the annual tax packs within agreed deadlines.
- Preparation of budgets, forecasts and Balanced scorecards for Head office
- Assist with preparation of budget schedules for branches, analyse spending pattern and compile account projections, audit preparation and process as well as year-end processes.
- Ensuring all policies and procedures are adhered to
- Authorisations are done according to company mandates
- Assistance of audit requirements - both internal and external and ensuring adequate and efficient document control.
- Performing other duties as assigned by the supervisor.
- Provide ongoing support to staff on financial matters or transactions.
- Work implies frequent interaction with all JAM Departments & staff members.
- Work collaboratively with team members.
Acting Cluster Finance Officer Eastern Cape Region- Accountant
World Vision SA
East London
06.2010 - 12.2019
- Member of Procurement Committee;
- Evaluating and selecting suppliers bids according to WV Procurement policy
- Evaluating the ADP performance and position: By preparing Financial Cover Memo for each project comparing actuals to budgets and giving the necessary variance explanation.
- Facilitate business studies for the partners and transfer skills
- VAT Administration and calculations
- Preparing & Review the monthly voucher interface files of the project for the completeness of account codes
- Prepare & Review the Project Budget and Log frame Budget and upload this into horizon
- Prepare yearly budgets for all projects according to LEAP Budgeting and PBAS (Planning)
- Review monthly expenditure to Project Budget (Monitoring)
- Forward the reviewed voucher interface and budget files to the NO for consolidation
- From the Sunsystems back up file received from the NO, generate the necessary Sunsystems report such as: Core Project Financial Reports, Program Financial Reports, Advances & Payables Aging Analysis (IA 264 & IA 269) and prepare the Financial Responsibility Checklist
- Review the accuracy of the project financial reports.
- Send the generated and prepared reports to the Project Accountants for review and filing
- Advise the Project Accountant of a possibility of significant overspending or under spending so that immediate action may be taken
- Review the reports prepared by the Project Accountant for consistency of the financial data in the cover memo and the sunsystems generated reports
- Post all the required financial reports to the Financial Reports Database
- Review the commitment in the myPBAS database and follow up with the NO Finance team on the discrepancy between the Project budget and my PBAS budget or lack of commitment.
- Prepare pre-audit documents
- Audit working papers
- Balance Sheet and Income Statement Analytical Review
- Applicable laws and regulations
- Previous audit reports and corrective action log
- All required Finance and operational reports (Monthly, Semi-annual and Annual)
- Provide financial information to External & Internal auditors
- Populate monthly financial information in Sunsystems.
- Prepare Statutory Reporting and compliance process.
- Prepare internal and external financial reports and financial analyses;
- Assist with cost recovery and costing of projects
- Prepare and review Annual Financial statements, where applicable.
- Ensure all GL reconciliations are performed and completed audit files Perform monthly GL and/or sub ledger reconciliations.
- Reviews and validates GL reconciliations.
- Day to day funds management.
Bookkeeper
World Vision
East London
04.2008 - 05.2010
- Ensure that internal controls are adhered to
- Safeguarding of Assets and the economic use of resources
- Compliance with Company policies
- Ensure all grants are compliant with PEPFAR and donor requirements
- Prepare Asset & Inventory Register and reconciliation
- Prepare yearly Budget in accordance to LEAP System
- Prepare payments and recording to Cash Disbursement Voucher (CDV)/GL And Journal Entry (JE)/GL
- Prepare Cash Book/GL and Funding request
- Prepare and give input to the Cash flow forecasting process
- Handling Petty Cash and Petty Cash Reconciliation
- Often acted as a cluster Accountant for two other ADP's/offices and produced their monthly Financial Reports & Financial Analysis.
Education
CIMA: ADVANCE DIPLOMA IN ACCOUNTING SCIENCE - MANAGEMENT ACCOUNTING
UNISA
Johannesburg01.2023
National Higher Dimploma - Internal Auditing
Eastern Cape Technikon
Eastern Cape05.2025
High School Diploma -
John Bisseker Senior Secondary School
Eastern Cape12.2001
Skills
Pastel Accounting
SAP & SAP concur
Sun System
Sage Accounting/ Intacct
Financial principles
Project management
Analytical skills
Accounts payable and receivable
Financial reporting
Accounting and bookkeeping
Microsoft Excel proficiency
Payroll support
Account reconciliation
Internal controls
Variance analysis
Revenue recognition
International financial reporting standards
Cash flow management
Fixed asset management
Auditing
Monthly, Qaurterly and Yearly reporting
Error-free budget reporting
Financial stability knowledge
Timeline
Financial Accountant (Acting Financial Manager)
Oxfam South Africa
05.2024 - Current
Senior Accountant - Compliance and Statutory
Oxfam South Africa
07.2023 - 04.2024
Management Accountant
JOINT AID MANAGEMENT SA-ForAfrika
05.2020 - 06.2023
Acting Cluster Finance Officer Eastern Cape Region- Accountant
World Vision SA
06.2010 - 12.2019
Bookkeeper
World Vision
04.2008 - 05.2010
CIMA: ADVANCE DIPLOMA IN ACCOUNTING SCIENCE - MANAGEMENT ACCOUNTING
UNISA
National Higher Dimploma - Internal Auditing
Eastern Cape Technikon
High School Diploma -
John Bisseker Senior Secondary School
References
- Ms Patience Gumani, Financial Manager, 011 285 1705/0833166514, World Vision SA
- Haroon Hassen, Finance and Operations Director, 074 888 3339, Oxfam SA
- Moses Durura, Finance Manager, 063 971 8027/011 548 3928, Jam Aid Management SA-ForAfrika
Personal Information
- ID Number: 821115 0663 081
- Gender: Female
- Driving License: Code 10
- Marital Status: Single
- Availability: 1 Month notice, Willing to relocate anywhere in the country
- ID Number: 821115 0663 081
Leadership Skills And Awards
- Certificate in tutor for Accounting 1 (2004)
- Helping in registration (2004)
- Helping in data capturing for TEFSA (2003)
- Alfa Award for Accounting
- Certificate for attended public speaking workshop
- Certificate for five years of loyal service to World Vision SA
- Passed PMD Pro 1 Module
Special Abilities
Strong understanding of accounting & financial principles, processes and practices; Project management - able to identify and resolve problems or resolve with guidance in a timely manner and prioritising and managing multiple tasks simultaneously., Strong analytical and problem-solving skills, Positive work attitude including willing to work some longer hours during peak periods & weekends, Attention to detail and strong administrative ability: very organized and structured approach to completion of tasks, Strong emphasis on policy and procedures and ensuring these are adhered to, Excellent interpersonal and cross-cultural skills, which includes the ability to communicate with senior management and operational staff, Exceptional communications skills, which include listening and responding objectively as well participating in discussions in meetings, Able to work and promote teamwork, putting the success of the team above own interest, Flexible able to adjust to change positively, Swift decision making and able to respond quickly to situations as they arise, Highly motivated self-starter who takes direction well, but also works independently, Ability to deliver high quality work under pressure, High level of personal and professional integrity, Displays cultural, gender, religion, race, nationality and age sensitivity and adaptability
Criminal Offence
None
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Health
Excellent
Accomplishments
- Decreased company costs by 30% through accurate financial modeling, budgeting and process improvements.
- Collaborated with team of 5 in the development of new financial process and procedure.
- Supervised team of 4 staff members.
- Achieved 99% by completing financial data of 7 with accuracy and efficiency.
- Achieved 100% through effectively helping with 3 years Statutory audit in a space of 2 years.
Availability
30 days Notices
Interests
Languages
English
Upper intermediate (B2)