Accounting Management

Mwenya Musonda

C/o Indeni Petroleum Refinery Company Ltd

Finance Department, P.O Box 71869, Ndola

+ (260-***-**-**-** / + (260-***-**-**-**

**********@*****.*** ********@******.***.**

Qualified and experienced in Management and Cost Accounting, taking an active role in monthly and annual Financial reporting, budgetary control, including the formulation and implementation of policies in line with company strategy. Excellent at understanding other department’s needs, to come up with cost effective measures to enhance efficiency, effectiveness and productivity. A leader with expertise in Financial analysis who is always keeping abreast with International Financial Reporting Standards (IFRS) change, to advise on the latest accounting rules while identifying capacity building to ensure management accounting skills are always available.

Career Objectives

Seeking a position to fully utilize my skills and abilities in Management accounting that offers professional and organizational growth while being resourceful, innovative, and flexible.

Competences

Cash flow forecasts

Risk Management

Budgeting and strategic planning

Financial analysis

Value chain analysis

Relationship Management

Change Management

Service Level Agreement Management

Performance Management

Pricing and cost control Management

Stakeholder Management

Key Projects and Achievements

Indeni – 2013-2017;

Actively and positively participated in the transfer of accounting information from one accounting software to the other.

Was a key driving personnel in the formulation and implementation of sales procedures for both local and foreign customers.

Was key driving personnel for the process of changing the procurement and stock management systems for the purpose of producing desired financial statements.

Suggested innovative ideas of formulating procedure and third party costing after change of system.

Planned and offered a solution on the conversion of a Pension Scheme from the Defined Benefit to the Defined Contribution Fund.

Coordinated the Audit of a Pension scheme before and after conversion, interacting with various stakeholders including Fund administrators, Fund Managers, Auditors, Actuaries among others.

Handled all correspondence for the engagement of Auditors and Actuaries for Indeni Pension Fund.

Was part of the delegation to Mauritius in 2017, that successfully negotiated the Service Level Agreement with the Actuary, AON Hewitt, relating to the Actuarial valuation of the Fund.

Education

1. Chartered Institute of Management Accountants (CIMA ) Managerial Level, London School of Business and Finance, United Kingdom 2013 – 2014

2. ZICA Accounting Technician, Northern Technical College, Zambia 2011

3. Certificate in Accounting, Northern Technical College, Zambia 2000

Work Experience

Indeni Petroleum Refinery Company Ltd –Assistant Management Accountant (2005 – date)

Reporting to Management Accountant

The job purpose is to determine the value of all local and foreign purchases for the purpose of preparing Financial Statements. It also includes accounting for both local and foreign receivables and reconciliation of accounts up to trial balance.

Key Responsibilities

Monitor Government funded projects for plant rehabilitation.

Monitor the disbursements on the Capital works in progress before project closure.

Assist with the preparation of quarterly management accounts.

Review of monthly expenditure against budget reports.

Monthly preparation of Cost analysis reports.

Providing information to Bank of Zambia and Central statistics on company performance.

Computation and submission of income tax returns.

Critical analysis of Financial statements in order to advise management on key ratios.

Coordinates both internal and external audits.

Tracking of all deposits by customers using Bank statements.

Monthly account reconciliation up to trial balance, making necessary accounting adjustments.

Accounts for both local and foreign purchases, ensuring that procurement procedures are adhered to.

Advising the cost of various goods and services provided by the company.

Accounting for all materials received by the company, ensuring the correct valuation is done.

Leads Finance team in the periodic inventory count.

Attends to all customer queries.

Preparation of Debtors age analysis reports.

Control of credit limit given to customers.

Supervision of all clerical accounting work and training of students on industrial attachment.

Carries out other responsibilities as assigned by the supervisor.

Other Duties – Board of Trustee Member of Indeni Pension Fund (2010 to Date)

Possess the power of attorney for the $ 8.5 million worth of the Fund.

Processing and approval of payments to various Fund service providers.

Attends quarterly Board meetings to review and approve Management accounts.

Review and approval of annual audited accounts.

Involved in strategic planning.

Formulation, evaluation and implementation of Fund policies.

Evaluation and monitoring of fund performance.

Conducts due diligence on various investment opportunities.

Carries out all administrative functions in the day to day operation of the Fund in collaboration with the Fund Principal Officer.

Attends to queries from the Pensions and Insurance Authority relating to the management of the Fund.

Provide guidance to employees on their conditions of service relating to Pension Benefits.

Public address of employees on the performance of the Fund.

Other relevant Skills

Trained in Government Grants as required by accounting standard.

Cash flow and Debt Management skills.

Proficiency in Microsoft word, Microsoft excel, power point and email outlook.

Obtained Pension Fund training in Cape town, South Africa - May 2017.

Accounting software (Dynamics NAV 2018).

Entrepreneurship and development skills.

Valid SADC Drivers license – Drives company pool vehicles.

Hobbies

Reading financial articles, watching movies, travelling and making friends.

Reference

Mr. Alfred Moyo Mr. Caesar Musuku

Management Accountant ICT Specialist

Indeni Petroleum Refinery Company Limited Indeni Petroleum Refinery Company Limited P.O Box 71869 P.O Box 71869

Ndola. Ndola.

Cell: +260-********* Cell: +260-***-******

*****@******.***.** *******@******.***.**

Mr. Chisanga Pule

Investments Promotion Officer

Zambia Development Agency

P.O BOX 30819

Lusaka

Zambia

Cell: +260-*********

********@*****.*** 10/2005

Contact this candidate