Yonela Bomela
Pietermaritzburg
Summary
Detail-oriented Finance Clerk with expertise in cash flow management and bank reconciliation. Strong analytical skills support accurate financial reporting and compliance with municipal finance regulations. Experienced in data entry, account reconciliation, and auditing, with a proven ability to implement efficient accounting procedures that enhance accuracy and productivity.
Overview
6
6
years of professional experience
Work History
Senior Finance Clerk
Msunduzi Municipality
01.2022 - Current
- Prepare and submit monthly, quarterly, and annual cash flow actual, projections and supporting financial analysis of reports
- monitoring and managing the municipality’s daily cash flow to ensure liquidity and meet short-term obligations
- Prepared monthly upload journal for internal transfers within municipality bank accounts to ensure accurate financial tracking.
- Liaise with banks and financial institutions on transactional and investment-related matters
- Provided accurate financial data for annual financial statements and addressed audit queries by adhering to internal control procedures.
- Performed reconciliations of bank statements and managed the investment register.
- Prepare national treasury quarterly reports
- Identifying and disputing unauthorized debit orders
- Executed clearing of reconciling items in cash management for financial accuracy.
- Preparing and reconciling loan register of the municipality with loan provider amortization schedule/statement
- Created accrual journal entries for loan interest to maintain precise financial reporting.
- Prepared loan repayment documents to facilitate timely payments and maintain records.
- Opening new investments accounts in accordance with municipality investment policy
- Ensure compliance with relevant sections of the MFMA, Treasury Regulations, and Municipal Investment Regulations
- Prepared and maintained investment register for the municipality to support effective cash management.
Accountant (Acting)
Msunduzi Municipality
06.2022 - 10.2024
- Updated management on status and reconciliation of Suspense Accounts, ensuring clarity and accountability
- Reconciled Persal Interface with BAS accounting report, facilitating accurate financial reporting
- Monitored and managed municipality’s daily cash flow, ensuring liquidity and capacity to meet short-term obligations
- Conduct physical asset verification
- Maintenance of municipal fixed asset register
- Barcode new assets and ensure are properly registered on the fixed asset register
- Asset management updating and balancing FAR against General Ledger balances
- Prepare correcting journal separating non-capital items and vat from payment before capitalisation
- Capital projects retention are correctly calculated and payment certificates are valid and signed before payment is processed
- Attend to internal and external audit queries
- Oversaw the unknown deposits register processes.
- Reconciling the Fixed Asset Register to the General Ledger and analyzing figures for each asset and category in the Financial Accounting System back to the Asset Management System on a monthly and quarterly basis
- Reviewing and compiling a list of assets to be disposed after Physical Verification of all assets
- Assisted in evaluating the useful life of assets to ensure accurate depreciation calculations.
Finance Intern
Msunduzi Municipality
02.2020 - 12.2021
- Receive monthly Traditional Council expenditure schedules and verify supporting financial documents
- Process monthly Traditional Council payments
- Provide update to management on the status and reconciliation of the Suspense Accounts
- Capital projects retentions are correctly calculatedd and payment certificates are valid and signed before payment is processed
- Reconcile Persal Interface with BAS accounting Report
- Prepare correcting journal separating non-capital items and vat from payment before capitalization
- Barcode new assets and ensure are properly registered on the fixed asset register
- Asset management updating and balancing FAR against General Ledger balances
- Updated management on status of Suspense Accounts, ensuring accurate financial oversight.
- Facilitate the recovery and disbursement of employee salary deductions to relevant institutions.
- Monitoring and managing the municipality’s daily cash flow to ensure liquidity and meet short-term obligations
- Responsible for overseeing the unknown deposits register processes
- Assisted with asset verification processes to ensure accuracy and compliance.
- Reconciling the Fixed Asset Register to the General Ledger and analyzing figures for each asset and category in the Financial Accounting System back to the Asset Management System on a monthly and quarterly basis
- Reviewing and compiling a list of assets to be disposed after Physical Verification of all assets.
- Assist in reassessment of the assets' useful life
- Recovered outstanding debts to improve cash flow.
- Perform financial functions relating to the setting up of debts and recovery.
- Process debt write-offs in line with the approved debt management policy and established procedures.
- Review debt account records and compile monthly progress updates.
Education
Bachelor of Accounting - Financial Accounting, Managerial Accounting, Taxation, Auditing
Walter Sisulu University
01.2022
National Senior Certificate - Accounting, Business Studies, Economics, English Additional Language, IsiXhosa Home Language, Mathematics
Nongeke Senior Secondary School
01.2012
Skills
- Accounts payable
- Bank reconciliation
- Financial statement preparation
- Invoice processing
- Payroll administration
- Bookkeeping
- Financial transaction posting
- Auditing procedures
- Investment management
- Investment analysis
- BAS knowledge
- Knowledge of Public Service Act/ Regulations and policies
- Municipal finance management act
- GRAP knowledge
- Statistical report compilation
- Basic accounting systems
- Data validation
- Data capture
- Logistics understanding
- Computer skills
- Microsoft Office
- Analytical skills
- Numerical skills
- Accuracy in data capturing
- Organizational skills
- Time management
- Flexibility
- Team collaboration
- Communication skills
- Interpersonal skills
- Confidentiality
- Batho-pele principle
- Investment analysis
Skills Knowledge Competency
- Good analytical and numerical skills
- Basic accounting systems
- Good knowledge of Public Service Act/ Regulations and policies
- Ability to validate and capture data
- Excellent communication and interpersonal skills
- Ability to compile statistical reports
- Knowledge of Supply Chain Management
- Generally recognised accounting practices
- Computer skills in Microsoft Office (Word, Excel, PowerPoint, Outlook)
- Ability to maintain a high level of confidentiality
- Knowledge of batho-pele principle
- Knowledge of BAS, numeric skills and high level of accuracy in capturing
- Organisational and time management
- Sound knowledge of the PFMA
- Sound understanding of logistics
- Filing and safekeeping of data and records
- Flexibility
- Municipal finance management act and GRAP
Telephone Number
0333922467
Criminal Offence
None
Drivers Licence
Yes, B
Languages
- IsiXhosa
- IsiZulu
- English
Roles And Responsibilities
- Attend to internal and external audit queries
- Conduct physical asset verification
- Maintenance of municipal fixed asset register
- Provide update to management on the status and reconciliation of the Suspense Accounts
- Capital projects retentions are correctly calculated and payment certificates are valid and signed before payment processed
- Reconcile Persal Interface with BAS accounting Report
- Prepare correcting journal separating non-capital items and VAT from payment before capitalisation
- Barcode new assets and ensure they are properly registered on the fixed asset register
- Asset management updating and balancing FAR against General Ledger balances
- Providing information on the status of payments and specific procedural application
- Monitoring and managing the municipality’s daily cash flow to ensure liquidity and meet short-term obligations
- Responsible for overseeing the unknown deposits register processes
- Assisting in performing asset verification
- Reconciling the Fixed Asset Register to the General Ledger and analysing figures for each asset and category in the Financial Accounting System back to the Asset Management System on a monthly and quarterly basis
- Reviewing and compiling a list of assets to be disposed after Physical Verification of all assets
- Assist in reassessment of the assets useful life
- File invoices and documents for transfers, disposal and scrapped assets and other documents relating to municipal assets
Personal Information
- Ethnicity: African
- Health Status: Excellent
- Title: Mr
- Date of Birth: 04/10/93
- Gender: Male
- Nationality: South African
- Marital Status: Single
Timeline
Accountant (Acting)
Msunduzi Municipality
06.2022 - 10.2024
Senior Finance Clerk
Msunduzi Municipality
01.2022 - Current
Finance Intern
Msunduzi Municipality
02.2020 - 12.2021
Bachelor of Accounting - Financial Accounting, Managerial Accounting, Taxation, Auditing
Walter Sisulu University
National Senior Certificate - Accounting, Business Studies, Economics, English Additional Language, IsiXhosa Home Language, Mathematics
Nongeke Senior Secondary School