Financial Reporting Controls
Resume:
Alexander Ndovie
P.O Box ****
Blantyre .
Mobile: 099*******
Email:
*****************@*****.***
Profile
A highly motivated, team-oriented accounting professional with more than fifteen years of experience in financial & statutory Audits. Sound understanding of general accounting principles and strong analytical skills. Quick to identify problems and successfully implement solutions. Capable of adapting expeditiously to any business environment. Desire to succeed and ability to develop and motivate others. An achiever who is very reliable, keen to learn, develop and progress his career as an accountant.
A good team player and leader, who has strong interpersonal and communication skills. I am punctual and strict with deadlines. Having over 15 years’ experience in external auditing makes me competent for a wide sector of roles in various organizations. My current work experience is with two of the big four audit firms in the world KPMG and Crowe Howarth where I worked as an audit Supervisor/ Manager.
This position has equipped me with skills which make me suitable for a wide range of senior finance posts. The greatest advantage I have is the knowledge of up to date International Financial Reporting Standards (IFRS’s) and UK GAAP which are a requirement for financial reporting in the current global market. I have audit experience in a cross section of the market industry for example: financial services, investments, manufacturing, selling and distribution, insurance, pension funds, publication, donor funded agencies and retail. My years of auditing experience have equipped me with the following;
• Knowledge of International Financial Reporting Standards (IFRS s) and UK GAAP
• Laws of Malawi among other encompassing Malawi Companies Act, Banking Act, Taxation Act, Employment Act, Reserve Bank Act and Public Finance Act
• Analytical reports on client financial Key Performance Indicators (KPIs)
• Risk assessment on assignments
• Preparation of board presentations
• Planning and formulating audit programs
• In charge auditor of big clients with assets worth more than US$2 billion
• Supervision of junior staff on assignments
• Competent in Microsoft Office Word & Excel and knowledge of power point.
• Computer systems used by KPMG and Crowe plus Sage, Quickbooks and Tally ERP9 accounting packages
• Production of financial statements
• Tax planning and computation
• Budgeting and financial control
• Risk management
• Financial analysis and interpretation for decision making
• Cash flow planning and monitoring
Education & Qualification
Association of Chartered Certified Accountants (ACCA) – Qualified Accountant Emille Woolfe College –Manchester UK
Diploma In accounting (PAECM)
Malawi College of accountancy.
November 2022 to Date : PaulAlexander Consulting
Position : Managing Partner
Responsibilities & Contributions
Planning and supervising external audit engagements for both profit and Non profit organisations
Managing and conducting all aspects of audit fieldwork Drafting and preparation of final audited financial statements Conducting financial review engagements for clients and interested parties to ensure compliance with accounting standards and other relevant rules and regulations Ensuring accounts have been prepared in accordance with International Financial Reporting Standards (IFRS)
Reviewing internal control systems of firms for weaknesses and making recommendations to address those weaknesses
Supervision of audit staff during assignments
Responsible for preparing technical and financial proposals for new client business and other advisory work
March 2022 to October 2022 : Arkay Plastics Limited Position : Accounts Manager
Responsibilities & Contributions
Responsible for Trial Balance and monthly management reports Checking of monthly inventory control systems
Checking and submitting physical comparison of raw materials Checking shop stock reconciliations
Ensuring imports are processed in the month end accounts Responsible for safeguarding and accounting for property, plant and equipment Responsible for and accounting for both local and foreign receivables and payables Responsible for monthly VAT, Withholding tax and PAYE returns Reviewing bank reconciliations on a daily basis
Responsible for supervision of IT related tasks including back-up of Tally and POS systems. Any other duties as assigned by Directors
(Using Tally ERP9 accounting software)
May 2019 to November 2021: Alwayn Consulting Group(ACG) Position : Audit Manager
Responsibilities & Contributions
Planning and supervising external audit engagements for both profit and Non profit organisations
Managing and conducting all aspects of audit fieldwork Drafting and preparation of final audited financial statements Conducting financial review engagements for clients and interested parties to ensure compliance with accounting standards and other relevant rules and regulations Ensuring accounts have been prepared in accordance with International Financial Reporting Standards (IFRS)
Reviewing internal control systems of firms for weaknesses and making recommendations to address those weaknesses
Supervision of audit staff during assignments
Responsible for preparing technical and financial proposals for new client business and other advisory work
June 2018 to April 2019: Crowe Howarth Malawi
Position : Audit Manager
Responsibilities & Contributions
Planning and supervising external audit engagements for both profit and Non profit organisations
Managing and conducting all aspects of audit fieldwork Drafting and preparation of final audited financial statements Conducting financial review engagements for clients and interested parties to ensure compliance with accounting standards and other relevant rules and regulations Ensuring accounts have been prepared in accordance with International Financial Reporting Standards (IFRS)
Reviewing internal control systems of firms for weaknesses and making recommendations to address those weaknesses
Supervision of audit staff during assignments
Responsible for preparing technical and financial proposals for new client business and other advisory work
March 2017 to June 2018: Zebra Transport
Self employed
Transportation business
February 2014- To March 2017 : KPMG
Position : Audit Supervisor
Responsibilities & Contributions
Execute the day-to-day activities of audit engagements of various clients Identify and communicate accounting and auditing matters to supervisors, managers, and partners as well as technical matters to both clients and upper management Identify performance improvement opportunities
Interact with clients to help ensure the information flow from the client to the audit team is efficient, serving as a liaison between clients upper management and audit partners Understand and utilize KPMG’s Audit Methodology
Managing and conducting all aspects of audit fieldwork Drafting and preparation of final audited financial statements Conducting financial review engagements for clients and interested parties to ensure compliance with accounting standards and other relevant rules and regulations Ensuring accounts have been prepared in accordance with International Financial Reporting Standards (IFRS)
Reviewing internal control systems of firms for weaknesses and making recommendations to address those weaknesses
Supervision of audit staff during assignments
Responsible for preparing technical and financial proposals for new client business and other advisory work
Other Related Duties
January 2013- To January 2014 : Mwenelupembe, Mhango and Company Position : Audit Supervisor
Responsibilities & Contributions
Planning and supervising external audit engagements for both profit and Non profit organisations
Managing and conducting all aspects of audit fieldwork Drafting and preparation of final audited financial statements Conducting financial review engagements for clients and interested parties to ensure compliance with accounting standards and other relevant rules and regulations Ensuring accounts have been prepared in accordance with International Financial Reporting Standards (IFRS)
Reviewing internal control systems of firms for weaknesses and making recommendations to address those weaknesses
Supervision of audit staff during assignments
March 2009 –April 2012: Oakwood Distribution Ltd (a subsidiary of Tesco group PLC) Position :Assistant Accountant
Responsibilities & Contributions:
Preparation of monthly management and financial reports for presentation to senior management.
Preparation of financial statements with required monthly, quarterly and year end supporting schedules
Maintenance of a register of plant, property and equipment Training, coaching and mentoring finance staff in relevant financial procedures Ensuring that all finance documents are filed and maintained in an orderly and secure manner Reviewing bank reconciliation statements on a monthly basis Ensuring that all general ledger transactions are correctly recorded, classified and reported as well as preparing monthly reconciliations of general ledger accounts Preparation of schedules for external and internal audits To play a role in the “Tesco Team” to all aspects of the Company’s activities, to train other members of staff and provide such cover for absent colleagues as may be reasonably requested
(using Oracle computer programme).
Aug 2004 – Dec 2008 : Jarvis and associates Chartered Accountants Position : Audit Assistant
Responsibilities & Contributions:
Accounts preparation for sole traders, partnerships, limited companies and charitable organizations from incomplete records.
Preparation of management accounts according to clients needs i.e yearly, quarterly and monthly.
Preparation of cashbooks and other records up to the trial balance. Preparation of tax computations for clients.
Assessing and evaluating the adequacy and effectiveness of the design of business processes and internal controls set by management to address strategic business risks. Preparing good quality audit deliverables for clients including management reports on the weaknesses of internal controls established by management and recommendations for improvements.
1997 – August 2002 : KPMG Malawi (Blantyre Office). Position : Semi Senior Auditor
Responsibilities & Contributions:
Managing and executing audit engagements for large and medium sized clients from planning, fieldwork, completion and reporting stages in accordance with International Auditing Standards. This includes setting out audit objectives and strategies and planning for the efficient and effective performance of these assignments.
Allocating work to and supervising audit assistants based on their experience and capabilities and reviewing their work.
Following up on reviewed work and clearance of Partners and Managers review points. Preparation and review of financial statements in accordance with International Financial Reporting Standards (IFRS) for a wide range of clients. Performing strategic analysis of client businesses including assessing and evaluating client strategic business risks and their impact on the organization. Assessing and evaluating the adequacy and effectiveness of the design of business processes and internal controls set by management to address strategic business risks. Preparing good quality audit deliverables for clients including board presentations for Partner's presentation to clients' Board of Directors, management reports on the weaknesses of internal controls established by management and recommendations for improvements. Consultancy:
Instrumental in setting up of The Malawi Revenue Authority (previously Department of Taxation). This resulted in accounting and other operational systems being implemented including systems of internal controls. Mainly involved in the setting up of the register for plant, property and equipment (fixed asset register).
Played a key role in various reviews of accountability and adherence to donor guidelines for non- governmental audits involving United Nations and World Bank. Training
February 2013: Attended a seminar on “CONDUCTING NON FEDERAL AUDITS: RECIPIENT AND AGENCY CONTRACTED AUDIT” presented by USAID-office of financial management head office Pretoria. Presentor is Regional Inspector General responsible for 24 missions in southern and eastern Africa including Malawi.
Professional Affiliations
Association of Chartered Certified Accountants (ACCA ). Additional Information
Date of Birth : 27 March 1973
Marital Status : Married
Willing to relocate and travel
Excellent Health.
Used various accounting packages including sage, pastel, sun, Tally and accpac.
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