Zamambo Mkhize-Mbatha
Financial Accountant
Newcastle
Summary
Zamambo Mkhize is a 38 year old woman who is an accomplished, result driven Accounting professional with 16 years of progressive work experience, possesses multiple skills covering many financial areas such as cost control principles, ledger analysis, financial statements, budgeting, debtors and creditors functions, Financial reporting for higher level financial review. She has worked on various accounting packages and has participated in the planning and the migration of few accounting packages and has worked on other various automated systems such as (SAGE Evolution, Pastel,BAAN, X3).She is Proficient in MS Office (Excel & PowerPoint presentation in particular) Her skills and expertise includes but not limited to Analytical thinking, planning, organizing, prioritizing and executing with pinpoint accuracy, Problem analysis – Use judgment to solve problems efficiently. She has a willingness and ability to take up new challenges that will advance her career goals. Zamambo hold a Post-graduation Diploma in Management, Diploma in Cost and Management Accounting as well as Diploma in Payroll and currently on final dissertation for MBA at Regent business school, with a goal to be in apposition where she will be able to take more responsibilities and add meaningful value in decision making and strategic direction of the company.
Overview
16
16
years of professional experience
16
16
years of post-secondary education
2
2
Language
Work History
Financial Superintendent
Zululand Anthracite Colliery (ZAC) (Pty) Ltd
11.2020 - Current
- Costing; month-end preparation; fixed assets; walkdown analysis; financial reporting; forecasting and budgeting; commercial support; statutory AFS preparation and audit liaison thereof and taxation for the company in terms of monthly VAT returns,PAYE and UIF Managing and controlling Capex projects budgets.
- Preparing the financial reports and annual audits.
- Overseeing the full finance function (sales, Payments, Income statement, Balance sheet and reporting thereof).
- Bank reconciliations local and foreign currency.
- Managing financial department and IT Department ( Supervising 13 stuff Including 2 interns)
- Reconcile intercompany accounts.
- Reconciliations and variance checking Monthly payroll.
- Ensure all daily, weekly, and monthly finance deadlines are met.
- Ensuring all GL and AP Recons are completed and sign off
- Compiling Financial Statements and Coordinating Financial systems.
- Prepare and present weekly, Monthly & Various ad-hoc presentation.
- Conversion of Foreign Customer invoices in exchange rates and local customers.
- Ensure all reporting packs are fit for purpose and contain all information required for internal and external reporting.
- Calculate and record all intercompany loans and liaise with relevant companies.
- Record new assets, evaluate and calculate monthly depreciation, and calculate disposal of assets.
- Capture journal entries.
Cost and Management Accountant
Zululand Anthracite Colliery (ZAC) (Pty) Ltd
10.2018 - 10.2020
- Prepare and check the Trial Balances (TB) to ensure proper and accuracy of the financials.
- Assist head of departments in formulating their departmental budgets.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Prepared working papers, reports and supporting documentation for audit findings.
- Preparing costing packs for monthly management reviews.
- Recording cost information for use in controlling expenditures
- Compile management accounts to be reviewed at EXCO level.
- Opening & Closing of Financial Periods.
- Responsible for the invoicing and collection of funds from debtors.
- Approve orders in line with budget and report on unbudgeted expenditure.
- Attending various site cost review meetings with sectional heads.
- Prepare GL and balance sheet recons for approval by financial manager.
- Approve Journals to balance sheet & GL accounts.
- Provided journal entries and performed accounting on accrual basis.
- Trained new employees/ Interns on accounting principles and company procedures.
Financial Controller
Zululand Anthracite Colliery (ZAC) (Pty) Ltd
08.2014 - 09.2018
- To assist heads of departments in the preparation of company budget/business plan
- Ensure general correctness of all allocations into the financial records (GL, Cost, Revenue, Assets & Liabilities)
- Apply and various cash management techniques to ensure adequate cash flow
- Coordinate the yearly audit exercise for the company with external auditors
- Review all costing report for the purpose of performance review by the management
- Analyze/overview financial trends for managerial decision making
- To provide managerial information and facilitate business performance improvement
- Review of operating procedures relating to financial matters
- Perform monthly stock reconciliation and investigate variances
- Responsible for statutory returns of department: VAT, & Coal report, etc
- Check and audit approve monthly GL, bank, creditors and debtors’ reconciliations and handle queries
- Audit all payments through company procedure and if all proper steps have been followed
- Check all consolidated and generated various financial reports
- Monitor the cost allocation from the management accountant after approval
- Reporting to: Financial Manager
- 2 Management Accountant: Reporting to Financial Manager
Management Accountant
DCD Group: Venco, Heavy Mining Manufacturing
9 2012 - 07.2014
- Prepare & present timely management packs for managerial decision making
- Initiate and guide the budgeting process for consolidation & approval
- Approve orders in line with budget on Accpac ordering system
- Generate weekly costing reports and analyze trends
- Develop and implement systems to aid in continuous improvement
- Perform daily, weekly and monthly processes in the financial system to ensure the accuracy and timely financial information
- Enforce and ensure compliance to standard and procedures
- Maintain & updating fixed Asset register
- Reporting to: Financial Manager (Natalie Suitcliff (034 328 2700))
Cost & Management Accountant
Zululand Anthracite Colliery (ZAC) (Pty) Ltd
10.2011 - 08.2012
- Prepare and check the Trial Balances (TB) to ensure proper and accuracy of the financials
- Assist HOD’s in formulating their departmental budgets
- Preparing costing packs for monthly management reviews
- Recording cost information for use in controlling expenditures
- Compile management accounts to be reviewed at EXCO level
- Opening & Closing of Financial Periods
- Responsible for the invoicing and collection of funds from debtors
- Approve orders in line with budget and report on unbudgeted expenditure
- Attending various site cost review meetings with sectional heads
- Prepare GL and balance sheet recons for approval by financial manager
- Approve Journals to balance sheet & GL accounts
- Prepare Bank recons (Foreign & local currency)
- Act as a Sage X3 financial system administrator
- Accomplishment: Actively participated in the successful migration from AS400 to Sage X3 financial system
- Promoted from Accounts Controller to Cost & Management Accountant in 2011
- Reason for leaving: Different environment and career exposure
Accounts Supervisor
Zululand Anthracite Colliery
01.2011 - 09.2011
- Preparing monthly salaries, updating all data necessary for payroll reconciliation
- Submitting income tax returns
- Maintain & updating fixed Asset register
- Creditors reconciliations
- Preparing creditor’s payment recons and payment journals to Creditors
- Supervising and updating stock account on system
- Balance sheet & GL recons & Journals
- Preparing various costing reports for multiple sites in different currencies
Creditors Controller
Zululand Anthracite Colliery
01.2010 - 12.2010
- Mentored junior staff members, fostering a positive work environment conducive to professional growth and development.
- Ensured compliance with tax regulations by managing the timely preparation and filing of all required returns.
- Preparing monthly salaries, updating all data necessary for payroll reconciliation
- Creditors reconciliations
- Preparing creditor’s payment recons and payment journals for Creditors
- Supervising and updating stock account on system.
- Balance sheet & GL recons & Journals.
Payroll Administrator
Zululand Anthracite Colliery
01.2008 - 12.2009
- Managed accurate records of employee time off, leave balances, and attendance for precise pay calculation.
- Coordinated with HR personnel to verify accuracy and completeness of employee information.
- Submitted reports on payroll activities.
- Conducted regular audits of payroll data to identify discrepancies and ensure compliance with federal regulations.
- Prepared detailed reports on payroll activities for management review, highlighting areas requiring improvement or attention.
- Managed employee records on database to maintain accuracy and updated information.
- Processed payroll garnishments such as tax liens and child support.
- Provided excellent customer service by addressing employee inquiries about their paychecks promptly and accurately.
- Assisted in the creation of clear guidelines outlining acceptable timesheet submission practices among employees.
- Managed payroll data entry and processing for 1100 employees to comply with predetermined company guidelines.
- Reduced operational costs by negotiating better rates with payroll software providers.
- Facilitated seamless year-end tax reporting by maintaining up-to-date employee financial records.
Education
MBA -
01.2023 - 09.2024
- Level 2-Dissertation
- Status of qualification: In progress
Postgraduate Diploma in Management - Management
11-2021
Diploma - Cost and Management Accounting
Payroll Diploma - Payroll Education
04.2001 - 01.2009
Matric - undefined
Skills
Analytical thinking
Staff education and training
Planning, Organizing, Prioritizing, Executing problem analysis
Managing & analyzing bulk data
Exposure to group reporting
Spotting errors, Problem solving
Working on various systems, Bulk data analysis
Exposure to Heavy Engineering steel manufacturing
Analytical skills for complex data
Escalation of complex queries Attention to detail
Working under pressure, Remaining calm
Working with complex spreadsheets
Ability to work alone, Meeting deadlines
Ability to communicate and Interacting at various levels
Working with multiple currencies
Performing reconciliation
Flexibility, Communication
Employee discipline
References
- Mr. C Khoza, Zululand Anthracite Colliery (PTY) Ltd, Financial Manager, (035) 874 7309
- Ms. N Suitcliff, DCD Venco, Financial Manager, (034) 328 2700
Personal Information
- ID Number: 860924…..
- Age: 38
- Gender: Female
Timeline
Regent Business School - MBA,
01.2023 - 09.2024
Financial Superintendent - Zululand Anthracite Colliery (ZAC) (Pty) Ltd
11.2020 - Current
Cost and Management Accountant - Zululand Anthracite Colliery (ZAC) (Pty) Ltd
10.2018 - 10.2020
Financial Controller - Zululand Anthracite Colliery (ZAC) (Pty) Ltd
08.2014 - 09.2018
Cost & Management Accountant - Zululand Anthracite Colliery (ZAC) (Pty) Ltd
10.2011 - 08.2012
Accounts Supervisor - Zululand Anthracite Colliery
01.2011 - 09.2011
Creditors Controller - Zululand Anthracite Colliery
01.2010 - 12.2010
Payroll Administrator - Zululand Anthracite Colliery
01.2008 - 12.2009
Payroll Education - Payroll Diploma, Payroll Education
04.2001 - 01.2009
Vaal University of Technology - Diploma, Cost and Management Accounting
Bethamoya High school - Matric,
Management Accountant - DCD Group: Venco, Heavy Mining Manufacturing
9 2012 - 07.2014
Regent Business School - Postgraduate Diploma in Management, Management