Manager Office
Resume:
Lovejoy Kudakwashe Magaya
* ******** ****, ******** ***, Glen Marais
Kempton Park, Johannesburg, 1619.
South Africa.
Cell: +277*-***-****
Email: **********@*****.***
Personal Particulars
Sex : Male
D.o.B : 31st May 1987
Nationality : Zimbabwean
Marital status : Married
Driver’s Licence : Yes (International Driver’s License) Education
Tertiary Qualification : BCom Honours: Financial Management Sciences
(2013).
Tertiary Institution : University of Pretoria, South Africa. Tertiary Qualification : BCom: Financial Management Sciences (2011). Tertiary Institution : University of Pretoria, South Africa. Professional Development : CIMA Qualification (forthcoming) Other qualifications : NCA (South African National Credit Act) accreditation Core Competences
Professional Skill-set
• Preparation and presentation of Management Accounts & Quick Profit Estimates (QPEs),
• Maintenance of General Ledger accounts in accordance with GAAP & company-specific policies,
• Balance Sheet reconciliations _ Fixed Asset Register, InterCompany Loan Accounts, AP & AR recons, Payroll Recons – clearing GLs, leave & bonus accrual GLs & staff receivables GLs,
• Financial planning and reporting, coupled with cash-flow forecasting and planning,
• Analysing and interpreting growth percentages in comparison to past data,
• (Zero) Budget planning, preparation and compilation,
• Forecasting; and growth percentage analysis and interpretation,
• Organizational efficiency development, tracking and maintenance,
• Business Analysis – process definition & development, implementation, and maintenance,
• Ability to plan and prioritise, with strong administrative skills,
• Limited SQL database management knowledge (still learning more about this field and its functions)
Personal Skill-set
• Excellent communication skills,
• Excellent interpersonal skills,
• Excellent team player with proven leadership abilities,
• Persistence and determination,
• Patience and candour,
• Loyalty and honesty,
• Adaptability to different working scenarios,
• Can manage under pressure and deadline driven,
• Able to think critically and make effective decisions,
• Meticulous and diligent in financial matters
• Capacity for innovation,
• Self-driven solid analytical and problem-solver,
• Mediation and conciliation capable.
Computer Skill-set
• Excellent MS Excel experience, (Vlookup, Hlookup, Nested-if functions, Pivots, Index & Match)
• Other Microsoft Office programs – Word, PowerPoint, Outlook,
• Pastel Evolution experience,
• Sage Pastel Partner experience,
• Sage VIP Premier experience,
• Slack proficient,
• E@syfile experience.
Professional Positions
Douglasdale Dairy (Pty Ltd)
Douglasdale Dairy is one of the leading fresh milk brands in South Africa, not only in taste but also in quality and price. Douglasdale produces and distributes fresh milk products daily, with a staff compliment of about 600 employees. It is a family owned business competing with larger corporates and is succeeding and increasing in both market share and profitability. As the Payroll Accountant for Douglasdale, I am detail-oriented, with strong accounting and mathematical knowledge as well as solid experience in payroll processing, and reporting. I possess excellent problem-solving, critical thinking, analytical and communication skills. Albeit I have only 8 months experience, I now possess extensive knowledge within the various aspects of payroll, zero budgeting, and organization efficiencies. I am highly motivated, efficient, and organized individual who is interested in and can easily adapt to a new industry, new country and new technologies. The reason I am leaving this position in December 2019 is because I am following my wife to Doha Qatar, so that I may support her big career move.
Payroll Accountant at Douglasdale Dairy (Pty) Ltd : May 2019 – December 2019
• Setting up new employees, benefits, locations, and direct deposit requests,
• Responding and resolving inquiries made regarding calculations, preparation, payments, and adjustments related to payroll,
• Preparing and maintaining all payroll information, including hours, rates, rebates, commissions,
• Verifying accuracy of payroll reports and preparation for management’s approval,
• Ensuring that deductions and withholdings associated with net pay are computed accurately,
• Preparing payroll journal entries, and calculating accruals for payroll liabilities,
• Performing monthly reconciliations and analyses of salary expenses, group benefits, bonus expenses, payroll taxes, manual payroll checks and employee deductions,
• Pay-slip distribution including printing them, emailing them, and hand delivering them,
• Timely payment of taxes, pension/provident funds contributions and court orders,
• Reconciling bi-annual payroll tax filings and preparing amendments as required,
• Preparing audit & tax schedules, headcount reports, top-up hour reports, overtime reports, absenteeism and leave reports, organograms, efficiency reports,
• Developing and maintaining the procedures and internal controls related to payroll accounting,
• Collaborated with Chief Financial Officer on special projects,
• Developed and implemented payroll journal entry reviews resulting in an over 90% reduction posting errors.
At Douglasdale, I have succeeded in reconciling years of non-balancing payroll reconciliations. I managed to build checks into the monthly processes, thereby ensuring accuracy and ease of reconciliation and reporting. I have also succeeded in making sure that top management does not worry about their payroll department, so that they may apply their focus more on the bigger picture. MoreCorp (Pty) Ltd
MoreCorp (Pty) Ltd is one of South Africa’s leading golf & cycling equipment and facility one-stop shops. They have top class member training and leisure facilities, as well as world class stores where you can purchase all the latest gear for your golf and cycling leisure activities. At MoreCorp as the Head Office Business Controller, I was accountable for the divisional accounting operations of the three Head Office business units of MoreCorp (Pty) Ltd, i.e. the parent company, golf head office and cycling head office. This included inter alia, the timely production of monthly financial reports, maintenance of a satisfactory set of accounting records, and a comprehensive set of controls designed to mitigate risk and enhance the accuracy of the company's reported financial results. Lastly, I ensured that reported results complied with GAAP. The team I managed, I trained on efficiency and focus not only on pushing out accurate numbers on time, but also to understand the numbers they are pushing out, as well as seeing and understanding their greater role to the business as a whole. I left MoreCorp in May 2019 because I had found an interesting and different career route which I desired to explore and grow in.
Head Office Business Controller at MoreCorp (PTY) LTD : August 2017 – May 2019
• Team leader of the Head Office finance cluster, responsible for the leading, planning and organising the cluster's finance goals and objectives,
• Timeous preparation and presentation of Head Office Management Accounts to the FM, CFO and Directors,
• Overseeing the daily operations of the cluster, and enforcing policies and procedures,
• Overseeing and ensuring the accounts payable (AP) are paid in a timely manner, making sure to manage the company’s cash-flows and debt management policies,
• Overseeing and ensuring all accounts receivable (AR) are collected promptly,
• AR and AP Age analysis review and maintenance,
• Overseeing and ensuring that required debt payments are made on a timely basis so as to avoid unnecessary interest penalties,
• Overseeing and ensuring the Fixed Asset Register balances monthly and complies with SARS/IAS16 standards,
• Overseeing and ensuring InterCompany loan accounts balance monthly and are settled as well,
• Ensuring all monthly adjustments are accurately done (Expense Accruals, Prepayments, Payroll Accruals, Sponsorship Income in Advance amortization)
• Overseeing and ensuring all Balance Sheet accounts have a balancing reconciliation,
• Analysis of the Income Statement and ensuring all costs are properly accounted for. Since MoreCorp was my first employer, I sponged off my superiors and grew rapidly to the position that I last held. I was offered several growth opportunities which I made use of and took me to the place I am today. I learnt and succeeded in being a commercial accountant, looking past just processing numbers and making sure they are in the right places, but going steps further and adding value in having excellent reporting skills. The quicker your reports and interpreted and understood, the more valuable you are to any team.
Group Financial Controller at MoreCorp (PTY) LTD : November 2015 – July 2017
• Responsible for the reconciliation and maintenance of three Head Offices’ books,
• Effectively worked closely with the Group Financial Manager to monitor group sponsorship revenue, head offices expenditure and actual vs budget tracking,
• Accurate maintenance, classification/reclassification and reconciliation of the group’s Fixed Asset Register,
• Monthly balancing of intergroup loan accounts, together with intergroup recharges and recoveries,
• Preparation and presentation of Head Office Management Accounts to the CFO and Directors,
• Review and authorization of weekly supplier payment packs,
• Petty cash reconciliation,
• Managing variances from the budget and reporting on all significant issues to the FM,
• Coordinating the provision of information to external auditors during the annual audit process. Key Accounts & Finance Administrator at MoreCorp : March 2015 – October 2015
• Responsible for the monthly reconciliation and maintenance of golf club membership and cycling membership club accounts,
• Cashbook balancing,
• Kept the Age Analysis clean and up to date for Good Credit reflection,
• AR reconciliations and receipts,
• Cash Collections and follow ups,
• Sending of invoices and statements on time to customers,
• Attending and investigating queries, and resolving them,
• AP reconciliations and timely payments,
• Checking all supporting documents and relevant contracts for pricing
• Preparing all AP recons in preparation for processing of payment,
• Processing invoices on pastel evolution,
• Confirming bank details and payment terms,
• Request for Financial Manager payment authorization on requisition,
• Nurtured relationships with suppliers to ensure good working relationships,
• Worked closely with the Golf and Cycling Financial Manager to develop a reconciliation tool that would enable accurate supplier payment, drastically cut down paper printing, save on time spent and maximize overall employee process productivity,
• Credit applications for new suppliers,
• Petty Cash reconciliation,
• Processing of journals and assisting Auditors during the yearly audits. Internship - Key Accounts & Finance Administrator at MoreCorp : February 2014 – February 2015
• Responsible for debtors and creditors reconciliations, maintenance of golf club accounts, basic bookkeeping functions and assisted in drawing up notes and reconciliations to the financial statements,
• Liaising with external suppliers and ensuring that a good and healthy working relationship is retained and maintained between the external supplier and MoreCorp,
• Reporting and reconciliation of prepaid golf rounds utilized; outstanding; and those we are liable for, as well as those that need to be nullified,
• Ensured contracts with golf clubs were kept up to date and valid,
• Ensured correct pricing and charging of golf rounds to our members was communicated and effected, as well as the availability of golf rounds desired being made available to them,
• Responsible for taking minutes for the weekly operations meeting. Additional-Competences
• Financial Literacy
I have experience in the analysis and interpretation of financial data as well the preparation and distribution of reports thereafter. I acquired these skills during my studies and refined them in the course of my work with MoreCorp (Pty) Ltd.
I have sound knowledge in the fundamentals of financial management, which encompasses accounting, cost accounting, investment management and bookkeeping. Under the supervision of my manager, I continue to play a supporting role in reconciling accounts and providing supporting documentation for the auditors. In addition, I have a keen interest in furthering my knowledge and experience in reducing, managing and optimizing company costs, thereby increasing company efficiency and maximising shareholder wealth. In my current position, I process, inter alia, monthly intercompany journals, maintaining balance sheet accounts and other ad hoc financial duties as authorizing payments to suppliers, running reports for managers, raising invoices to customers for various services rendered.
• Computer literacy
I am proficient in the use of Slack and Microsoft Office Applications especially Excel, Outlook, Word and PowerPoint.
With a strong skillset in excel, I am able to utilise the power excel in my reports, applying the best formulas to achieve my desired end, without over-complicating things.
• Communication & Interpersonal Skills
In addition to being an adept, heedful and meticulous smart worker, I am highly analytical and able to adapt to different situations. I believe in personal development; therefore, I endeavour to learn continuously from my superiors and peers. I am a team player who endeavours to be the best that I can be. I am not afraid to lead when the circumstances require me to. This includes the ability to conform and change plans as the requirements of the situation change.
I exhibited my leadership skills when I was designated as Business Function leader for Cycle Lab bike financing. I am responsible for allocating finance applications to my team and monitoring the progress of each application. I ensure that correct customer documents are collated and verified as per the South African National Credit Act (NCA), as I am NCA accredited, submitted to the bank and ensuring that we are paid correctly by the bank for each finance deal. I also handle all customer complaints and make sure that all four of our selling platforms are customer complaint free.
I also became a Cluster Controller in October 2015 to date. I was responsible for allocating tasks to team members and communicating plans and updates to other team members from top management.
I also displayed leadership skills during the time I served as the President of “For Kids”. In this position, I worked closely with other South African local University NPO Leaders to ensure efficient running of the charity society as well as networking for the greater good.
• Planning, organising and flexibility
I adopt a methodical approach to my work. In this regard, I develop practical and realistic plans that ensure efficient use of company resources. During my Internship, I identified inefficient processes when doing my work that were thereby re-engineered to not only cut company costs but to save the company time as well.
Furthermore, I plan and organise myself in order to timeously deliver work and prevent foreseeable future problems.
• Work in progress
I am in the process of familiarising myself with the dynamics of internal business controls. I have a particular interest in those relating to revenue collection and reporting; cost maintenance and saving; as well as unabridged comparisons between budgeted figures versus actual figures.
Summary of Extracurricular Experience
2010 – Present ‘Pledge a Pad’, an NPO that primarily delivers sanitary pads and food to orphanages in and around Pretoria: Member. 2012 – 2013 Student mentor; I was involved in the mentorship program helping integrate first year students into university and academic life at the University of Pretoria.
2011 – 2014 President of ‘For Kids’, an NPO that primarily assists in the provision of food and clothing for children in orphanages in Pretoria, South Africa.
2009 – 2010 Celebration Christian Society on campus, Head of Fundraising for the society during my term of office.
References
References upon request.
Contact this candidate