Corporate Governance Financial Manager
Resume:
CV – Nzima Loswayo *
LOSWAYO NZIMA (CAT) - RESUME
Eastpine General Dealers
Thalo Farms, Eastern Province
Chipata, Zambia.
************@*****.***
Date of Birth: August, 17
th
1976
Marital Status: Married with two Children
NRC Number: 440367/52/1
Passport No: ZN069542
Drivers License No: 182954(Class C)
Executive Summary
Well-grounded Finance Manager with experience successfully optimizing control systems and building solid teams to meet business needs and achieve demanding financial needs for shareholders and other stakeholders’ expectation for Good Corporate Governance and Corporate Strategy.
Descriptive Words
Self-starter, direct, assertive, logical, systematic, accurate, precise, reserved, reflective, serious, active, mobile, alert, restless for results, competitive, asks “what” and “how.” General Characteristics
• Results oriented and able to work under pressure
• Maintains quality and standard.
• A self-starter once I am confident for my research, and am in possession of all the facts and information.
• Competitive in my areas of expertise.
• Can absorb detail.
• Likes variety and change.
• Logical and systematic in the thought process.
• Assumes responsibility and authority in my area of competence and expertise.
•
Motivators
Motivated by power and authority. Challenging assignments and achieving a profitable result are also extremely important. There should be standard operating procedures, and preferably no sudden or abrupt changes in the work direction.
CV – Nzima Loswayo 2
Values to bring to the Organization
The values that I am most capable of contributing to the organization are my ability to push for a practical and profitable result. The ability to think strategically and solve complex problems creatively. I am logical and analytical and coupled with my natural powerful personality, will add value by using these behavioral characteristics to ensure a meaningful end result for the organization.
Current employment:
Company: Eastpine General Dealers
C/O Thalho Farms, Chipata, Zambia.
Period : January 2021 to Date
Job title : Finance Manager-Part time
Key responsibilities:
Prepare financial statements, i.e. Income statement, Cash flow statement and statement of financial position, Trial balance both using advanced excel modeling and Accounting Packages. Prepare statutory returns and Compliance Reports both manually and online for NAPSA, ZRA
(turnover tax, withholding tax, PAYE, Corporation Tax, VAT, and Presumptive Tax), PACRA annual returns and Workers Compensation Returns.
Prepare bank reconciliations both manually and using accounting packages, Prepare Budgets and perform Budget variance analysis for annual budgets and perform variance analysis for favorable and adverse performance management, Prepare Group accounts for inter-company transactions for both Parent and Subsidiaries and other accounts for related parties.
Prepare and reconcile Accounts receivables and accounts payables ledgers in conformity with IFRS and GAAPs
Prepare and account for fixed assets register and capital works in progress, Manage treasury and all risk appetite and management, Manage payroll and all administrative functions of the company, Perform Interpretation of Financial Statements and advise the going concern portfolio for the strategic direction of the organization.
Current employment:
Company: Miles Installers-Choma Zambia
Period: June 2022 to Date
Job Title: Systems Auditor-Part-time
Previous Employment:
Company: Altavista Investments Limited, Plot No.2517, Chifinga Road, Light Industrial Area,
P. O. Box 51496, Lusaka, Zambia
CV – Nzima Loswayo 3
Period : May 2017 to December 2020
Job Title: Internal Auditor
Key responsibilities:
Audit financial transactions and verify compliance to the Accounting System, Advise and effectively implement internal control systems for the company, Ensure all income and expenses are properly accounted in the financials and deposited intact in conformity with IFRS and IAS and GAAPs,
Prepare internal audit reports for shareholders’ expectations and returns, Check and verify assets register and ensure properly accounted for in the financial statements; Focal person and contact for External Auditors, Zambia Revenue Authority, Workers Compensation, NAPSA.
Report all discrepancies and variances for budget and actuals to management, Vouch expenditure and verify all supporting documents, including verification against budget and variance analysis,
Verify compliance with all statutory obligations such as ZRA, NAPSA, and Workers compensation;
Check and verify that all expenditure is correctly posted in the Financials, income statement, cash flow statement and statement of financial position. Previous employment
Company: B. D Construction Company Limited, Lusaka, Zambia. Period : January 2012 to April 2017
Job Title: Financial Accountant
Key responsibilities:
Prepare Budgets, Financial statements for income and expenditure and balance sheets; manage accounting packages for Navision software for all accounting and administrative functions, cash flows, management accounts, cash flow forecast, variance analysis, project accounting and management. Risk management, performance management, planning, coordination and control. Sensitivity analysis. Manage WIP and Fixed assets, inventories, manage accounts receivables, Accounts payables, treasury management. Prepare monthly reports for management, payroll management, valuations of assets and any other as delegated by Director of Finance. Furthermore, responsible for supporting sound financial management and reporting systems as well as building financial management capacity across the organization enabling adequate financial planning, monitoring and reporting.
Prepare statutory returns of NAPSA, PAYE, Insurance Premium Levy, ZRA VAT, Turnover tax, PACRA, Workers compensation and Withholding Tax.
Handle all administrative functions of the organization including HR payroll related. CV – Nzima Loswayo 4
Previous employment
Company: Zambia Postal Services Corporation,
Livingstone, Zambia
Period : December 2003 to November 2011
Job Title: Area Accountant(Southern Province)
Key Achievement
High level of administrative skills with expertise in risk management and excellent knowledge of Excel for analytical presentations e.g. for negotiation with banks and financial experts. Key responsibilities:
To provide financial and business leadership to the Finance Director and Finance Manager based at Head Office in Ndola and executing on the fiduciary role of financial management while acting as an interface with other finance and support functions. My duties included producing monthly and annual budgets and cash flow forecasts, preparing monthly accounts and ad hoc project work with strong grasp of variance analysis twinned with strong interpersonal skills-the ability to deal with none accountants and explaining commercial findings.
• Accounting: Preparing full financial statements in multicurrency including cash flow forecast and Audit Pack for the Group Auditors * Administering Payroll including the statutory payments reconciliations *VAT preparation including Duty Drawback *Liaison with valuators for Fixed Asset Valuation for Plant & Machinery and maintenance of up- to-date Fixed Asset Register * People Management including recruitment and appraisal * Monthly Management Accounts Pack tied to the Budget and variance analysis * Preparation of year end financials for a cost effective audit.
• Inventory Management: Taking stock of the inventory with supporting documentation indicating stock movements, receipts, consumption and output trailed to sales * Monthly Stock Take * Value for Product Analysis.
• Expansion: The Postal industry has grown by more than 50% over the last three years. Year over Year, we have built a very strong operation to give a profitable run rate business
• Provide support internal audits, reviews, and compliance checklist * Raising concerns, issues and documenting properly.
• Interface between Operation Teams and support functions, addressing process issues including the Postal Development Costs for capitalization and Sales out of Turn efficiency ratio analysis.
• Planning Responsibilities: Support the team in the planning cycle – plan modeling, following the Productivity Model (Postal Development). Partnering with Operations to build the Annual Business Plan-financial objectives preparation * Budgeting, Goaling simulations and System Readiness Operations Review Process Support * Field Team Hierarchy and Organization Structure Management.
• Forecasting Responsibilities: Forecasting process management * Support and foster weekly, monthly, quarterly forecast accuracy * Analyze forecast metrics, providing information for mid-course corrections.
CV – Nzima Loswayo 5
• Business Decision Making: Analyze performance achievement matrix, providing for mid-course corrections
• Ensure integrity in numbers and matrix used for business decisions and performance measurement by using the Area consistent reporting tools and trend communication practices * Identify strengths, weaknesses and opportunities.
• Expense and Headcount Management: Budget and analyze expenses and headcount, providing information for mid-corrections * Consolidations and Accounting Closure. Previous employment:
Company: Lutheran World Federation, Department for World Service, Chipata, Zambia
Period : June 2001 to November 2003
Job title: Finance Officer
Key Achievements
Managed major branch restructuring with strict adherence to internal controls. Key Job Responsibilities
• Preparing full financial statements for the Projects and Subsidiaries
• Plan, integrate and coordinate the work of supervisors responsible for the various Units of the accounts section and monitor achievement of objectives;
• Provide authoritative advice, financial interpretations, adaptations and corrective actions in response to audits and other queries to ensure adherence to the Projects Financial Regulations;
• Ensure that accurate and complete accounting, reporting and internal control systems are functioning and that all relevant records are maintained and liaise with Internal Audit;
• Coordinate audit responses with all Units of the Federation and ensure full implementation of the accepted recommendations;
• Co-coordinating year-end stock-take for all the Projects and Stock Distribution Centre;
• Review payments, advances and inter-office charges on the basis of proper supporting vouchers and other documents which indicate that the goods and services have been received;
• Prepare MIS reports: Business units as requested by Senior Management Team/Accounting Manager;
• Budgeting process for all Capital and operational requirements and staff appraisal in liaison with Country Finance Manager.
• Project proposal research, planning and writing skills with vast experience and knowledge through to implementation and review.
Previous employment
Company: South Luangwa Area Management Unit, formerly Luangwa Integrated Resource Development Project under Zambia Wildlife Authority, Chipata, Zambia.
CV – Nzima Loswayo 6
Period : Jan 1999 to May 2001
Job Title: Accounts Clerk
Key Responsibilities:
Accounts and Finance:
• Preparing monthly cash books, sales/purchases journals and administering of petty cash;
• Monthly bank reconciliation and sales/purchases analysis reports agreeable to VAT returns;
• Finalization of final accounts in a fully computerized environment with paperless office concept;
• Managing staff payroll including loans and advances; Costing: Costing of material imported to determine cost per unit to ensure an accurate presentation of the cost of goods sold and finished goods valuation; Inventory Management. Auditing: Making available schedules prior to commencing of audit cost effectively; Taxation: Preparing monthly VAT/PAYE/NAPSA and other statutory returns Languages: Fluent in English, Nyanja and Bemba, Tonga and Lozi. ICT Skills
Have excellent hands-on proficiency in the use of ACCPAC Accounting Package, Sun Systems, Sage Pastel Accounting package and Navision Accounting Software, Dove Payroll and highly numerate with advanced Excel Skills including Modeling Charts, and other MS Office, PowerPoint and MS Word.
Membership of Professional Bodies:
Registered student member of Association of Chartered Certified Accountants (ACCA) Zambia Institute of Chartered Accountants (ZICA).
Training and Other Skills
Computer appreciation course and various Continuing Professional Development workshops
(ZICA), “The Impact of Corporate Governance on Business in Zambia”, (ZICA)
“2006 National Budget Tax Analysis Workshop”, (ZICA)
“International Financial Reporting Standards ACCA/ZICA Workshop”, Strategic Management”. Corporate Governance workshop ZICA AGM Livingstone 2012(ZICA), Systems Ledger Accounting by Next Technology, 2013 Tax and Non-Tax Budget Workshop by Zambia Institute of Chartered Accountants and also Pre-AGM Workshop in 2012 by ZICA. Qualifications and Achievements:
2024 studying ACCA professional final (last four papers): Financial Reporting (FR), Strategic Business Leader (SBL), Strategic Business Reporting (SBR), Advanced Audit and Assurance
(AAA) and Advanced Performance Management (APM) on self-study through Zambia Centre for Accountancy Studies, ZCAS, Lusaka, Zambia.
CV – Nzima Loswayo 7
Qualified for ACCA part I and II, Zambia Institute of Management, Accountancy Training College, Chingola, Zambia, 1999.
Qualified for ACCA CAT (Certified Accounting Technician), Zambia Institute of Management, Accountancy Training College, Chingola, Zambia.
Qualified for College Certificate in Accountancy (CCA), Zambia Institute of Management, Accountancy Training College, Chingola, Zambia.1997 1995, Grade 12 School Certificate, Chizongwe Technical Secondary School, Chipata. Other achievements and Hobbies:
Past Honorary Secretary, Choma Golf Club of Zambia Golf Union. Melvin Jones Fellow (MJF) of Lions Clubs International, District 413 Zambia, Past Chairperson, Southern Province of Lions Clubs International, District 413 Zambia, Past President of Lions club of Mosi-O-tunya, Livingstone, Golf player, Chess player and reading Books.
REFERENCES:
Mr. Jelasi Sinkamba Mr. Robson Ngoma
Managing Director Audit & Risk Officer
Altavista Investments Limited Mulungushi Village Complex Limited, Plot No. 2517, Chifinga Road email:***********@*****.**.** Cell: +260********* +260*********, +260*********
email:********************@*****.*** Kalundu, Lusaka, Zambia Lusaka, Zambia
Mr. Elia Manda Mr. Winston Magutswi
Country Director Zambia Finance Manager-Operations Self Help Africa ZAMBEEF Limited
P.O. Box 37484 email: ********@*******.**.**
Tel: +260-***-****** +260*********, +260*********
Cell: +260********* Lusaka, Zambia
Email:****.*****@**************.***
Lusaka, Zambia
Mr. Lewis Liomba
Former Finance Manager
Zambia Postal Services Corporation
P O Box 71845
Tel: +260-***-******
Cell: +260*********
email:*******@*******.**.***
Ndola, Zambia
Contact this candidate