Summary
Overview
Work History
Education
Skills
Languages
Driving License
Personal Information
Timeline
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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 Africa
11.2017

Bachelor Of Commerce Accounting - Accounting

University of Western Cape
Western Cape
01-2020

Post Graduate Diploma in Accounting - Accounting

University of Western Cape
Western Cape
11.2021

Initial test of competence -

SAICA
South Africa
01.2023

Assessment of Professional Competence -

SAICA
South Africa
12.2024

Financial Modelling Fundamentals -

Modano
Online
11.2024

Skills

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

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Xolela MsweliChartered Accountant