Vusumuzi Godfrey Khambane
Head Of Fund Accounting
Johannesburg
Summary
I’m an Accountant with sixteen years’ experience in finance roles, working with various business entities.
I am a hard-working, reliable, trustworthy and dependable person who takes responsibility and pride in everything I do. In addition to my experience, I am a fast learner with the ability and commitment to perform any task efficiently as I always strive for excellence in everything I do.
I go all out in everything I put my mind to, am always ready to learn new skills and am open to new career opportunities.
Overview
16
16
years of professional experience
8
8
years of post-secondary education
Work History
Head of Fund Accounting
Bidvest Wealth and Employee Benefits (Pty) Ltd
Johannesburg
07.2021 - Current
- Be responsible for managing client portfolio including all accounting aspects.
- Lead, supervise and mentor all Fund accountants and Team Leaders and conduct training (i.e. AFS, SARB and C48)
- Working with Team Leaders to ensure planning, coordination and completion of daily and year end tasks.
- Management Reporting and Statutory Reporting of all Funds to ensure team complies with all of its accounting and regulatory obligations and requirements including listing requirements and client reporting.
- Preparation and implementation of Fund's specific procedures and controls in relation to accounting and reporting requirements.
- Act as point of contact with auditors in respect of planning and coordination of audits and assisting with and running audits for clients.
- Ensuring reporting complies with entity and statutory requirements including local law (i.e. Pension Funds Act, Fund rules, etc.) and other reporting principals; and ensure that client responsibilities and expectations are managed effectively.
- Presentation of all accounting reports to the Board of Fund.
- Authorise benefit payments.
- Maintain controls to mitigate risk.
- Check and sign off Fund Budgets.
- Review and sign off monthly cashflows.
- Review and sign off investment / disinvestment instructions.
- Review and sign off working papers and annual financial statements.
- Review and sign off quarterly management accounts.
- Implement Board meeting action item's or resolutions.
- Conduct Appraisals in accordance with the company policy.
Team Leader: Fund Accounting
Bidvest Wealth and Employee Benefits (Pty) Ltd
Johannesburg
03.2019 - 06.2021
- Review General Ledger reconciliations of Retirement Funds (i.e. Investments, Bank Recons, Expenses, Contributions, Benefit Payments, etc.).
- Review monthly and quarterly cash-flow.
- Authorise Benefit Payments.
- Review monthly tax calculations.
- Liaison with External Auditors.
- Coach Junior Fund Accountants and responsible for the performance reviews of Junior Fund Accountants.
- Assist with audits and peer reviews of audit files and Annual Financial Statements.
- Trustee reporting.
- Ensuring timeous bank reconciliations and the quality thereof.
- Assist with all General Ledger and Bank Reconciliation queries.
- Review Bank Declaration, Key General Ledger Reconciliations, Unit Reconciliations, etc.
- Management and review of Reserve Accounts.
Fund Accounts Manager: Fund Accounting
NBC Holdings (Pty) Ltd
Johannesburg
07.2013 - 02.2019
- Maintain controls to mitigate risk.
- Check and sign off fund budgets.
- Review and sign off Bank reconciliations for my portfolio.
- Review and sign off Investment reconciliations for my portfolio.
- Review and signed off Quarterly Trustee cash flows.
- Check and authorize recons and payment of Admin fees and reinsurance premiums in accordance with a set procedure.
- Check and authorize adhoc payments within 2 working days.
- Ensuring the timely and appropriate realignment of portfolios.
- Authorize investment / disinvestment instructions to investment Managers.
- Manage receipt and checking of rate change documentation and accurate implementation on the system.
- Ensure that 100% compliance rating on internal audit findings.
- Authorize and signing of disinvestment instruction within the Division.
- Manage and control of staff training and development.
- Conduct appraisals bi-annually in accordance with company Policy.
- Ensure the existence of succession plan and development of Successors.
- Plan and delegate work to my staff member.
- Review and sign off working papers and Annual Financial Statements.
- Liaise with Fund auditors and book audits.
- Respond to the Financial Services Board queries and other Regulators.
- Supervise the entire audit process.
- Monitor if my staff members adhere to the company procedures, internal controls and processes.
- Attend Board of Trustees meeting to present Annual Financial Statements.
- Implement action items as per the Board's resolutions.
- Conduct Trustee training on Financial Statement.
Senior Fund Accountant - Year End Specialist
NBC Holdings (Pty) Ltd
Johannesburg
02.2012 - 06.2013
- Preparing working papers.
- Compiling Annual Financial Statements.
- Respond to FSB queries.
- Applying for FSB extension on submission of Annual Financial Statement.
- Assist and help other colleagues with their work or challenges that their encountering.
- Run with the Fund audit, liaise with the auditors and respond to their audit queries.
- Make sure that the Fund's Annual Financial Statements are submitted on time to the FSB.
Fund Accountant
NBC Holdings (Pty) Ltd
Johannesburg
01.2011 - 01.2012
- Maintain accounting records on Everest & Fourgen.
- Pay creditors and process month-end journals.
- Reconcile bank account and Investment.
- Prepare month end reconciliations.
- Prepare monthly PAYE reconciliation for SARS.
- Prepare monthly investment cash flow.
- Prepare quarterly trustees cash flow.
- Prepare monthly risk premiums reconciliation.
- Prepare monthly admin fees and cash management recons.
- Compile working papers.
- Prepare Annual Financial statements.
- Liaise with the auditors, respond to their queries.
Senior Accountant
Sakhindima Consultants (Pty) Ltd
Midrand
07.2010 - 12.2010
- Capture data using Pastel.
- Prepare bank, debtors and creditors reconciliation.
- Prepare SARS statutory returns.
- Prepare annual financial statements.
Fund Accountant
Johannesburg
04.2008 - 06.2010
- Maintain accounting records on Everest & Fourgen.
- Payment of suppliers and creditors.
- Processing month-end journals.
- Reconciling bank account and Investment.
- Prepare month end reconciliations and working papers.
- Preparing monthly PAYE reconciliation for SARS.
- Prepare an investment cash flow monthly.
- Prepare quarterly trustees cash flow.
- Prepare monthly risk premiums reconciliation.
- Prepare monthly admin fees and cash management recons.
- Compiling Annual Financial statements.
- Liaise with the auditors, respond to their queries.
Senior Trainee Accountant
Hugo and Venter Accountants (Pty) Ltd
Witbank
04.2006 - 03.2008
- Capture data using Pastel V9.2.
- Prepare bank, debtors and creditors reconciliation.
- Prepare SARS statutory returns and working papers.
- Compiling Annual Financial Statements.
- Prepare weekly planning's for the junior clerks.
- Delegate task to junior clerks and review their working papers.
- Assist and help junior clerks with their work.
Debtors Clerk
Mpumalanga Regional Training Trust
Witbank
01.2006 - 03.2006
- Invoicing.
- Debt collection.
- Monthly reconciling of the Ledger accounts and client statements.
- Issue monthly statements.
- Capturing using Pastel V7.
- Update asset register.
Education
National Diploma: Financial Information Systems - Accounting And Finance
Tshwane University Of Technology
Witbank 01.2001 - 12.2005
High School Diploma -
Hoërskool Oosterland
Secunda 01.1998 - 12.2000
Skills
Microsoft Excel
Accomplishments
I am current serving as an appointed Employer Alternate Trustee on six of our Funds
Timeline
Head of Fund Accounting
Bidvest Wealth and Employee Benefits (Pty) Ltd
07.2021 - Current
Team Leader: Fund Accounting
Bidvest Wealth and Employee Benefits (Pty) Ltd
03.2019 - 06.2021
Fund Accounts Manager: Fund Accounting
NBC Holdings (Pty) Ltd
07.2013 - 02.2019
Senior Fund Accountant - Year End Specialist
NBC Holdings (Pty) Ltd
02.2012 - 06.2013
Fund Accountant
NBC Holdings (Pty) Ltd
01.2011 - 01.2012
Senior Accountant
Sakhindima Consultants (Pty) Ltd
07.2010 - 12.2010
Fund Accountant
Johannesburg
04.2008 - 06.2010
Senior Trainee Accountant
Hugo and Venter Accountants (Pty) Ltd
04.2006 - 03.2008
Debtors Clerk
Mpumalanga Regional Training Trust
01.2006 - 03.2006
National Diploma: Financial Information Systems - Accounting And Finance
Tshwane University Of Technology
01.2001 - 12.2005
High School Diploma -
Hoërskool Oosterland
01.1998 - 12.2000
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