Xolela Msweli
Chartered Accountant
Johannesburg
Summary
A highly motivated finance professional eligible to register as a Chartered Accountant CA(SA), with over 5 years of progressive experience in financial management and strategic advisory roles within the public sector. I have successfully led teams and undertaken key managerial responsibilities, driving financial and operational improvements, and delivering strategic insights to senior leadership through detailed, actionable reporting.
My expertise spans the full spectrum of financial management, including financial statement preparation and analysis, budget forecasting and control, process optimization, asset management, and treasury functions. I am well-versed in financial reporting standards (IFRS, GRAP), corporate governance frameworks, and regulatory compliance including the Taxation Act.
Additional competencies include financial modeling and planning, internal audit, liquidity and risk management, and valuation of financial instruments. I bring a strong command of systems such as SAP, Sage, CaseWare, Microsoft Office Suite, and the IMQS asset management system, enabling efficient, technology-driven solutions to complex financial challenges.
Overview
8
8
years of professional experience
12131
12131
years of post-secondary education
Work History
Accountant: Fixed Assets
Johannesburg Water MOE
Johannesburg
03.2025 - 08.2025
- Capitalisation and retirement of the movable assets and AUC through the SAP module.
- Assessing costs eligible for capitalization and to be expensed using GRAP 17 standard.
- Preparing monthly fixed assets reconciliations between the fixed asset register and the GL/TB, monthly Journals and investigating discrepancies while making sure they are resolved in time.
- Ensuring that monthly depreciation is run smoothly in the SAP module after the period closure.
Acting Manager: Fixed Assets
Johannesburg Water MOE
Johannesburg
04.2025 - 06.2025
- Managing the capitalization, depreciation and disposal or retirement of both the movable assets and fixed assets through SAP accounting software.
- Responsible for identifying the risks and mitigation factors for movable assets as well as implementation thereof to minimize theft.
- Maintain and review the Asset management functional strategy/policy to identify areas for improvement.
- Managing the asset verification process and condition assessment to identify assets that might be obsolete.
- Ensuring the accurate accounting of the Assets under construction through SAP.
- Ensuring the correct process is followed regarding the transfer and disposal of Immovable and movable Assets.
- Hands on experience in physical asset verification.
- Preparing the fixed assets register and financial statements in compliance with GRAP standard, MFMA, and PFMA.
- Reviewing and updating the Fixed assets policy quarterly to ensure that assets are managed effectively.
- Ensuring accurate Capitalisation of all infrastructure assets and projects to ensure the AUC is cleared.
- Reporting and participating in resolving all projects that are having capitalisation issues.
- Assist in conducting impairment reviews and valuations of municipal infrastructure, property and equipment.
- Engage with internal auditors, AGSA to enhance financial controls and managing the audit process.
- Monthly preparation of fixed assets reports as required by the Senior manager, these include the monthly report, Exco and the GCFO.
SAICA Articles
Departments of National Treasury
Johannesburg
03.2022 - 02.2025
- Preparation, review, and analysis of monthly, quarterly, and annual financial statements at COJ that are in compliance with relevant accounting standards (IFRS and GRAP), and Mscoa requirements.
- Maintaining and reconciling monthly GL reconciliations to ensure accuracy, and completeness. Including resolving discrepancies.
- Reviewed and approved financial transactions, reconciliations, and reporting processes, improving operational efficiency.
- Executed and reviewed month-end close activities through SAP, ensuring timely reporting.
- Preparation of budgets and forecasts for my department, ensuring they are in line with the entity’s strategy.
- Review of departments audit file to ensure financial information is supported sufficiently to ensure audit readiness.
- Monitoring the caseware file to ensure it aligns with the SAP system and ensuring that caseware journals are passed accurately.
- Reviewed and managed accounts payable and receivable transactions, ensuring timely payments and efficient cash flow management.
- Assisted Jwater with approving manual invoices/credit notes/purchase orders/payments to creditors and bank transfers & allocation of income & expenditure items to correct GL accounts.
- Performed quarterly reviews of management account reconciliations, identifying discrepancies and taking corrective action.
- Assisted Jwater with payroll processing to correct GL accounts and payroll variance analysis in SAP, ensuring accuracy and transparency.
- Managed intercompany reconciliations, resolving discrepancies to maintain financial integrity.
- Prepared position papers on accounting treatments of complex transactions, ensuring alignment with IFRS, GRAP, and other regulatory frameworks.
- Engaging with internal and external auditors to ensure that all audit findings are resolved timeously.
Tutor
University of the Western Cape
Bellville
01.2020 - 12.2021
- Tutoring Financial Accounting (CA stream) for first year students in 2020 and Second years in 2021.
- Providing weekly tutorial sessions both physical and virtual during covid 19 2020 and 2021.
- Setting assessments for students, monitoring progress and providing feedback on tutorial assessments.
- Developing academic material for students to be loaded on learning management system.
- Provide and engage students in special consultation times to identify students with challenges and assist in improving them.
Financial Accountant
Beautiful Gates NPO
Bellville
01.2018 - 12.2019
- Maintain accurate and up-to-date general ledger accounts.
- Record income, donations, and grant funding.
- Track and reconcile expenditures against project or donor budgets.
- Manage accounts payable and receivable.
- Reconcile bank statements monthly.
- Prepare monthly, quarterly, and annual financial statements.
- Generate donor-specific financial reports.
- Compile financial information for board meetings and audits.
- Assist in preparing annual budgets and forecasts.
Education
National Senior Certificate - Accounting
Toli Senior Secondary School
Lusikisiki, South Africa11.2017
Bachelor Of Commerce Accounting - Accounting
University of Western Cape
Western Cape01-2020
Post Graduate Diploma in Accounting - Accounting
University of Western Cape
Western Cape11.2021
Initial test of competence -
SAICA
South Africa01.2023
Assessment of Professional Competence -
SAICA
South Africa12.2024
Financial Modelling Fundamentals -
Modano
Online11.2024
Skills
Management skills
Fixed Assets management
Financial Analysis
Computer literacy skills (Ms Office Suit)
GAAP Reporting skills
Financial and Risk management skills
Report writing
Verbal and written communication skills
Planning and Organising Skills
Presentation Skills
Negotiation skills
Interpersonal skills
Accuracy
Knowledge of Local Government
Knowledge on MFMA, PFMA, Treasury regulations
Proficient in SAP Accounting Software, Caseware, Sage
International Financial Reporting Standards (IFRS)
Generally Recognized Accounting Practice (GRAP)
Languages
English
Isixhosa
Isizulu
Driving License
Code 10
Personal Information
- Date of Birth: 08/12/98
- Gender: Male
- Nationality: South African
Timeline
Acting Manager: Fixed Assets
Johannesburg Water MOE
04.2025 - 06.2025
Accountant: Fixed Assets
Johannesburg Water MOE
03.2025 - 08.2025
SAICA Articles
Departments of National Treasury
03.2022 - 02.2025
Tutor
University of the Western Cape
01.2020 - 12.2021
Financial Accountant
Beautiful Gates NPO
01.2018 - 12.2019
National Senior Certificate - Accounting
Toli Senior Secondary School
Bachelor Of Commerce Accounting - Accounting
University of Western Cape
Post Graduate Diploma in Accounting - Accounting
University of Western Cape
Initial test of competence -
SAICA
Assessment of Professional Competence -
SAICA
Financial Modelling Fundamentals -
Modano