YONWABA MBIDLANA CA(SA)
SENIOR SPECIALIST: INTERCOMPANY & FOREX CASHFLOWS
Summary
Chartered accountant with extensive experience in external auditing and financial reporting across diverse industries, including retail, telecommunications, healthcare, and pharmaceuticals. Proven proficiency in various accounting and audit software applications has improved reporting efficiency and streamlined financial processes. In-depth knowledge of International Financial Reporting Standards (IFRS), IFRS for SMEs, and US Generally Accepted Accounting Principles (GAAP) ensures compliance and accuracy in financial statements. Currently serving as a senior specialist in Intercompany and Forex at Vodacom SA (Pty) Ltd while pursuing a Master of Commerce degree in Strategic Management Accounting and Finance to enhance competencies in organizational leadership and risk management.
Overview
8
8
years of professional experience
5
5
Certifications
1
1
Language
Work History
Senior Specialist- Intercompany and Forex CASHFLOWS
Vodacom SA (PTY) LTD
02.2024 - Current
- Led the local ICO team, providing guidance on exchange control requirements and financial reporting.
- Fostered strong relationships with finance teams, business partners, and cost centre owners to drive collaboration.
- Managed monthly consolidations and eliminations for Vodacom SA entities, resolving complex financial matters.
- Conducted financial analysis, providing actionable insights and recommendations to stakeholders.
- Prepared comprehensive treasury reports, offering expert advice on working capital management and cash flow optimization.
- Implemented robust internal controls and compliance frameworks to mitigate financial risks.
- Spearheaded intercompany accounting and financial operations for Vodacom SA, ensuring accuracy and compliance.
- Collaborated with global process leaders and peers to implement best practices and process improvements.
- Oversaw P2P and R2R transactions, ensuring seamless financial operations and compliance.
- Developed and executed financial strategies to optimize intercompany processes, drive efficiency, and boost profitability.
- Managed budgeting and planning processes for the intercompany stream, ensuring alignment with business objectives.
- Drove continuous process improvements and automation initiatives to enhance accuracy, efficiency, and reporting quality.
REPORTING ACCOUNTANT
MASSBUILD (PTY) LTD
07.2023 - 12.2023
- Managed financial reporting and analysis for Massbuild (Pty) Ltd, ensuring accuracy and compliance.
- Assisted financial planning analysis team with trend identification and income statement analysis.
- Prepared monthly HFM reporting packs, management accounts, and calculated performance ratios.
- Managed lease schedules, updated lease liabilities, and reported to real estate manager.
- Released purchase orders for CAPEX and ensured compliance with group financial policies through reconciliations.
- Performed flash reporting and presented to financial controller for timely decision-making.
- Compiled weekly revenue, rebates, and expense variance reports for divisional VPs and senior managers.
- Conducted quarterly impairment assessments for Builders' stores and assisted with goodwill impairment assessments.
- Prepared STATS SA reports and performed monthly balance sheet reviews with commentary.
- Collaborated with cross-functional teams to streamline financial reporting and supported audit processes.
Anti-Corruption/ Compliance Finance Accountant
MASSMART HOLDINGS LTD
04.2023 - 06.2023
- Ensuring compliance with monthly income tax and VAT calculations.
- Ensuring correct classification and reporting of transactions and balances in line with IFRS.
- Overseeing daily processing and accounting for revenue and expenditure by departments according to IFRS and USGAAP.
- Conducting weekly walkthrough of sample payments related to capital expenditures to ensure procedural compliance and report deficiencies.
AUDIT SUPERVISOR: FINANCIAL SERVICES DIVISION
DELOITTE
01.2023 - 03.2023
- Reviewing the work done by junior audit team members.
- Assisting the audit team by supervising and giving guidance.
- Reviewing financial documents and audit findings to identify discrepancies and recommend improvements.
- Supervising audit engagements focusing on financial services clients to ensure compliance with regulatory standards and internal policies.
- Coordinating with cross-functional teams to ensure financial data accuracy and integrity.
- Providing leadership and mentorship to junior auditors to enhance their skills.
- Leading complex audit assignments to ensure adherence to regulations and optimize efficiency.
- Working as an external auditor for a Deloitte client in the medical aid scheme industry in the financial service division.
- Reviewing audit work and raising review notes for correction and guidance.
- Communicating audit results and recommendations to senior management and client stakeholders.
- Conducting detailed risk assessments and designing tailored audit plans.
- Liaising with the client about audit issues and giving a status update.
- Leading the evaluation and enhancement of internal controls to ensure compliance and mitigate operational risks.
Trainee Accountant
SIZWE NTSALUBA GOBODO GRANT THORNTON
01.2020 - 12.2022
- Ensured accurate financial statement preparation, reviewed disclosure notes, and complied with financial reporting standards.
- Applied IFRS 15 for revenue recognition across industries and reviewed financial liability and asset measurements under IFRS 9.
- Conducted financial ratio analysis for debt, liquidity, solvency, and profitability, and assessed going concern via financial ratios and non-financial factors.
- Calculated lease liabilities under IFRS 16, tested fixed assets under IAS 16 and IAS 36, and supervised physical verifications of assets and inventory.
- Verified payroll tax, VAT, and income tax compliance, and reviewed client budgets to discuss recommendations.
- Audited transitions to new accounting standards (IFRS 16 and IFRS 17), tested controls in accounting systems like SAP and Workday, and ensured journal entries follow internal controls and are properly supported.
JUNIOR ACCOUNTANT
OCULUS CHARTERED ACCOUNTANTS & REGISTERED AUDITORS INC
01.2018 - 12.2019
- Preparing annual financial statements for SMEs and submitting tax returns, including VAT and deferred tax calculations.
- Preparing reconciliations for banks, debtors, creditors, inventory, and PPE accounts.
- Preparing audit requests with necessary documentation like general ledgers and accounting schedules.
- Calculating payroll taxes and assisting with monthly bookkeeping for small entities and NPOs.
- Assisting in consolidation of management accounts and calculating performance ratios for financial analysis.
- Providing financial management support for businesses, ensuring accurate records and compliance.
Education
Master of Commerce - Strategic Management Accounting and Finance
Nelson Mandela University
12.2027
CA(SA) - undefined
South African Institute of Chartered Accountants
01.2023
Postgraduate Diploma - Accounting
University of Fort Hare
12.2019
Advanced Diploma - Accounting
University of Fort Hare
12.2017
Bachelor of Commerce - Accounting
University of Fort Hare
12.2016
National Senior Certificate - Matric
Khulani Commercial High School
12.2012
Skills
Proficient in data analytics
Certification
Certificate in Developing Critical Thinking, Decision-making and Problem-solving skills
References
References available upon request
Timeline
Senior Specialist- Intercompany and Forex CASHFLOWS
Vodacom SA (PTY) LTD
02.2024 - Current
REPORTING ACCOUNTANT
MASSBUILD (PTY) LTD
07.2023 - 12.2023
Anti-Corruption/ Compliance Finance Accountant
MASSMART HOLDINGS LTD
04.2023 - 06.2023
AUDIT SUPERVISOR: FINANCIAL SERVICES DIVISION
DELOITTE
01.2023 - 03.2023
Trainee Accountant
SIZWE NTSALUBA GOBODO GRANT THORNTON
01.2020 - 12.2022
JUNIOR ACCOUNTANT
OCULUS CHARTERED ACCOUNTANTS & REGISTERED AUDITORS INC
01.2018 - 12.2019
CA(SA) - undefined
South African Institute of Chartered Accountants
Postgraduate Diploma - Accounting
University of Fort Hare
Advanced Diploma - Accounting
University of Fort Hare
Bachelor of Commerce - Accounting
University of Fort Hare
National Senior Certificate - Matric
Khulani Commercial High School
Master of Commerce - Strategic Management Accounting and Finance
Nelson Mandela University