Willington Sydney Sithole
Senior Accountant
Polokwane,LP
Summary
Dynamic finance professional with extensive experience at Lepelle Northern Water, excelling in financial reporting , Assets and Project Accounting , audit support and statutory reporting . Proven track record in optimizing cash flow and enhancing team performance through effective management. Skilled in variance, financial performance analysis and cash management. improve performance organizational performance through internal control review that achieve efficiency in the processe
Overview
17
17
years of professional experience
Work History
Senior Accountant
Lepelle Northern Water
05.2023 - Current
- Planning and coordination of assets and project units
- Approve all journals and month end adjustment
- Reconciled accounts and created documents for monthly closure procedures.
- Review Reconciliation between general ledgers and subsidiary ledger account
- Completed year-end closing processes with controllers and external auditors.
- Review finance policies and procedures
- Review and maintain the organization assets register
- Review the annual impairment assessment and ensure compliance to GRAP standards
- Respond to internal and external audit findings
- Develop and implement internal and external action plan
- Review the Property plant and Equipment note and ensure compliance with GRAP
- Maintain the Work in progress account and monitor project progress
- Maintain the assets register movement and ensure accuracy of Depreciation account
- Ensure completed Project are capitalized in line with GRAP standard
- Mentoring , coaching and motivating sub-ordinates
- Conclude performance contract and appraise sub-ordinate
Accountant
Lepelle Northern Water
08.2016 - 04.2023
- Variance analysis for the Revenue account and other income account
- Review monthly VAT return calculation and submit VAT 201
- Gathered financial information, prepared documents, and closed books.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Calculate account receivable impairment in line with GRAP 104
- Reconciliation of Revenue account, monitor monthly trend and compare movement to the budget
- Review the Banks and investment reconciliation
- Review account receivable reconciliation
- Calculate water tariff proposal in line with the Department of water and sanitation norms and standards
- Implementation of the credit control policy and ensure compliance to the PFMA
- Supervise, mentor, couch and appraise sub ordinate performance
- Prepar Monthly and quarterly report
Finance Manager ( Acting)
Lepelle Northern Water
08.2021 - 11.2022
- Planning and coordinating activities of the finance department
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Review monthly reconciliation of bank accounts and took corrective actions on deviations.
- Review finance policies and procedures
- Manage account payable function and ensure compliance with treasury regulations
- Oversee the activities of the assets management units
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Oversee consolidation organizational operating and capital Budget
- Developed comprehensive financial reports for executive decision-making support.
- Enhanced budget management by implementing expense tracking and cost reduction strategies.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
- Develop and implement internal and external audit action plan
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Implementation of the fruitless and wasteful framework
Finance Officer
Lepelle Northern Water
05.2008 - 07.2016
- Optimized cash flow management, ensuring timely payment of invoices and reducing outstanding debts.
- Prepared monthly creditors reconciliation.
- Collaborated with team leaders to monitor expense account budgets.
- prepar variance reports for expense accounts for all cost centers
- Established strong relationships with key vendors, negotiating favorable terms to benefit the organization.
- Maintain proper record to support all expense accounts
- provide audit evidence to the external auditors
Education
ACCA Qualification ( On Progress)
ACCA
Johannesburg, South Africa12-2026
Advance Diploma Accounting Science
University of South Africa
Pretoria, South Africa05-2019
B Com ( Accounting )
University of Limpopo
Polokwane, South Africa 04.2001 -
Skills
Bank reconciliation
Timeline
Senior Accountant
Lepelle Northern Water
05.2023 - Current
Finance Manager ( Acting)
Lepelle Northern Water
08.2021 - 11.2022
Accountant
Lepelle Northern Water
08.2016 - 04.2023
Finance Officer
Lepelle Northern Water
05.2008 - 07.2016
B Com ( Accounting )
University of Limpopo
04.2001 -
ACCA Qualification ( On Progress)
ACCA
Advance Diploma Accounting Science
University of South Africa
Similar Profiles
Monyepao Alfred MasemeneMonyepao Alfred Masemene
Artisan Electrician at Lepelle Northern WaterArtisan Electrician at Lepelle Northern Water
RECKSON KWINIKARECKSON KWINIKA
Production Officer at Lepelle Northern Water BoardProduction Officer at Lepelle Northern Water Board
Harry NgwatleHarry Ngwatle
Assistant Process Controller at Lepelle Northern WaterAssistant Process Controller at Lepelle Northern Water
Antoinette LangaAntoinette Langa
Junior Sales Assistant at We Buy CarsJunior Sales Assistant at We Buy Cars
Tshegofatso KutumelaTshegofatso Kutumela
Administrative Clerk at Boke Trading and Projects CCAdministrative Clerk at Boke Trading and Projects CC