Manager Accounting
Resume:
Onke Nokwe
No * Franklin Crescent, Gonubie, East London, Eastern Cape
Registered (SAIPA) Professional Accountant & Tax Practitioner SUMMARY INTRODUCTION
I, Onke, have graduated Btech Internal Audit in year 2010, in my pursuit of academic alignment while studying towards final year I sought vacation works during holidays from a firm of chartered accountants and registered auditors PDB Pretorius Dondashe in Mthatha for one year holiday intervals. In 2011 I joined Mzwakali Business Advisory Services, a firm of Professional Accountants where I served 3 years training servicing a variety of clients essentially from bookkeeping on Pastel subsidiary books, preparation of annual financial statements, management accounts and budget forecasts, statutory tax returns, payroll administration, preparation of fixed asset register, etc. My 2013 ultimate year earned me Senior Manager of Accounting & Tax Desk leading a team of 12 trainees.
Beginning 2014, being led by burning sensation of understanding accounting better I then sought independence and embarked on secondment positions, where I was introduced to a world of being Head of Finance for another 3 years, and further alleviated onto Government Support Programmes and pre-audit exercises. I strongly believe in the principle of committing to task, accurate record keeping, and team-based efforts. I am progressing 9 years in the mainstream accounting & tax practice, to date I have grown to deal with tasks in a more principled manner. WORK EXPERIENCE
Financial Manager
Institution: Queens Casino & Hotel
Period: August 2019 – Current
Duties:
Ensure the proper functioning of the admin & finance department and manage functional units and its teams.
Compilation and reporting of monthly management accounts and draft a synopsis of Actuals vs Budgeted variances.
Maintain internal controls through enforcing proper budget controls to ensure efficient supervision of company cost savings and revenue growth
Monitor and verify monthly closing stock, tailor cost variation breakdown on classes of stock, for proper disclosure of stock on hand vs Cost of Sales
Compile and coordinate all board packs and preparation including drafting of board minutes, and present YTD vs Budget financial reports
Scrutinize all purchase requisitions and purchase orders through budget pre-checks on allocated accounts and approve them on merit.
Ensuring on time preparation and submission of Statutory Tax Returns using SARS efiling.
Liaise with external auditors for year-end reviews, inventory count & external audit process.
Preparation of annual financial statements for Audit committee PROFESSIONAL PROFILE
CONTACTS
Gonubie, East London
adgya3@r.postjobfree.com
COMPETENCIES & ATTRIBUTES
High attention to detail
Works well with teams
Proactive and takes initiative
Strong management & supervisory skills
Clear and solid communication skills
Able to relate across cultural differences
Strong values: honest and ethical behaviour
Able to build relations with various team
members, and work in a multi-team
environment
SOFTWARE SKILLS
SAGE Pastel Partner
SAGE Pastel Evolution
SAGE Accpac ERP300
Micros Essential & Opera
SAGE VIP Payroll
CaseWare (IFRS for SME)
Microsoft Office skills
Temp Assistant Manager – CFO Support Programme
Institution: Department of Transport
Period: April 2019 – July 2019
Duties:
Review, verify and reconcile Department’s commitments and contracts register for the year 31 March 2019 and annual regularity audit support
Identify risk and issues within project, financial reporting and report on mitigation and IAP
Prepare departmental status of financial information on capital projects alignment between the contracted capital projects values and the continuing projects expenditure
Improve the accounting of the termination of projects
Evaluate and report on validity, accuracy and completeness of Accruals, Payables & Retentions
Providing GRAP inputs for the Annual Financial Statements in terms of work in progress completed projects to be capitalized, commitments and provisions.
Providing GRAP inputs for AFS correct disclosure of Irregular Expenditure, Fruitless and Wasteful expenditure.
Technical advice and support during preparation of disclosure notes relating to Annual Financial Statements
Attend to issued RFIs by the office of the Auditor General South Africa
Validate expenditure from BAS to existing payment vouchers and report to the CFO
Group Financial Accountant
Entity: Qhama Social Housing Institute – Port Elizabeth & East London Period: May 2018 – March 2019
Duties
Process cashbook and bank reconciliation and ensure correct GL entries and ensure correct financial position disclosure values.
On a monthly basis, ensure accurate reconciliation of suppliers and debtors, petty cash, lease rentals and finance lease general ledger accounts
Liaise with various stakeholders (handling supplier queries, reporting to the funders, updating Insurance underwriters, handle external auditors, etc)
Ensure financial management and appropriate adherence to organizational policies and procedures on procurement and payment of goods and services
Ensuring quality control and adherence to financial and legal obligations embedded on MOUs & SLAs with third parties and funders, to minimize risk of contraventions and unnecessary litigation
Pass appropriate month end journals, with supplementary supporting documents
Maintain monthly payroll run functions and distribution of payslips on-time
Maintain organizational update of fixed asset register, as well as fleet management (insurers, fuel, and licence registrations)
Managing organizational compliance with SARS statutory obligations as per the Tax Administration Act
Preparation of annual financial statements in accordance with International Financial Reporting Standards (IFRS) on CaseWare
Responsible for weekly meetings with the PMU & key subordinates to address progress tasks, policy issues and plan ahead for distribution of tasks
Maintain good administration of payment voucher files, supplier and debtors’ files, as well as Capital projects administration file. Governance Project Administrator
Institution: Department of Roads & Public Works (Bhisho) Period: June 2017 – April 2018
Duties:
Attend to AIP and material findings raised by the AGSA, and develop remedial action plan to address those recommendations
Monitor any project variation orders and ensure National Treasury approval
Conduct research for project administration model as per the ECSA guidelines
Provide projects expenditure inputs on adjustments during mid-term budget shifting, and consolidate a report to Chief Director of roads maintenance
Draft standard operating procedures (SOPs) for area repository, proper filing structure, movement and custodian of files, as well as information management
Check and validate monthly correct project spending and allocation of fiscal budget tailored to MTEF plan vs Vulindlela
Compile a consolidated report for five cost centres (districts) on quarterly basis (status of new phase contracts, delaying projects, terminated contracts, as well completed contracts – and ensure close out reports exist)
Monitor contractual adherence to active MOUs & SLAs in relation to seconded special projects.
Accounts & Finance Manager
Entity: Abenzi Woodhouse NPC (Stutterheim)
Industry: Incubation & Wooden goods manufacturing
Period: February 2014 – March 2017
Duties
Ensuring correct accounting record keeping systematically on Pastel Evolution, and administratively in file for supporting documents
Ensuring efficiency of cost allocation on material input and economic use of off cuts and scrap items
Managing sales and collection of debtors
Ensuring periodic submission of SARS (VAT, EMP201, EMP501 & ITA) through sars-efiling;
Budget monitoring against expenditure deviations on the three (3) streams of grant funding
Implementing a viable strategy on cost containment mechanisms
Manage and monitor petty cash handling, use, reconciliation and banking of cash sales
Preparation of organizational annual financial statements on CaseWare IFRS.
Reporting monthly budget vs actual grant spending on PSC (DEDEAT, SEDA, FP&MSETA, ASPIRE & ADM)
Revisit and evaluate adequacy and efficiency of organizational financial management policies, procedure manuals and internal controls.
Manage a thorough reconciliation of intercompany reconciliations.
Perform pre-check of functions on all payment batches prior to payments authorization.
Always liaise with internal and external auditors during audit process.
Monitor progress reports and manage staff through weekly meeting WORK EXPERIENCE BEGINNING
Senior Manager – Accounting & Tax Department
Entity: Mzwakali Business Advisory Services (Mthatha) Industry: Accounting Firm
Period: January 2011 – February 2014
ACCOUNTING FUNCTIONS
Preparing annual financial statements in accordance with IFRS and in the manner required by the Companies Act, 2008
Ratio and graphic analysis reporting of monthly management accounts
Pastel bookkeeping from source document to subsidiary books (Cashbook & GL accounts).Thorough reconciliation of key control accounts such as bank, petty cash, investments, trade receivables to revenue, trade payables to expenditure, finance leases & mortgage accounts, inter-companies.
Preparing and update of fixed asset register. Accounting for asset disposal journal entries to profit and loss and financial position
Perform independent reviews on AFS for PTY clients whose PIS requires
Monthly payroll administration on SAGE Pastel & VIP Payroll systems. TAXATION FUNCTIONS
Engage clients on Corporate Tax related matters and reflect on all potential risk areas and benefits of good conduct on tax compliance, and thereby operationalize through the following:
Generate VAT201 reports from an updated cashbook entry and manage efiling submissions on 25th due dates (based on VAT categories)
Generate EMP201& EMP501 reports from an updated payroll run and manage efiling submissions on every 7th due dates
Generate ROE reports and manage proper submission of COIDA
Generate IT14 returns & IRP6 returns based on due year of assessment financial statements, ensure clear identification of qualifying SBCs according to Section 12e, AND any other relevant and crucial disclosures
Attend to IT14SD issued correspondences
Attend to unfair tax disputes through NOO1 & ADR1, arrange tax practitioner appointments with SARS to present a properly prepared file of objections
Advise clients on approach to huge liability arrangement with SARS, e.g. application of Section 91 Offer of Compromise
PRACTICE MANAGEMENT FUNCTIONS
Compile projects status reports, allocate skill-based team responsibilities, cost the projects, distribute tasks and manage billing processes
Manage complex tax disputes like Alternative Dispute Resolution, Notice of Objections, Section 91 Offer of Compromise, and any other SARS audit correspondences on behalf of clients yet engaging clients of every status quo
Monthly monitor Accounting & Tax task allocation challenges on progress, manage timesheets and client billing, and collection of fees
Host internal staff workshops on Accounting basic principles, tax administration act, efiling techniques, CIPC, COIDA, CIDB, and any other.
Attending tender briefings
Drafting project proposals
Allocation of skill-based responsibilities
Project budget &costing
Project monitoring &client meetings coordination
Team management and junior staff performance monitoring
Manage bill rated staff hours, client invoicing, & collection of engagement fees
PROFESSIONAL BODY DESIGNATIONS
Registered member of South African Institute for Business Accountants with a designation name Business Accountant in Practice (SA) since 2013. And Currently registered Professional Accounting (SA) – SAIPA School of 2019
Registered member South African Institute for Tax Practitioners, with a designation name General Tax Practitioner since 2018. ACADEMIC QUALIFICATIONS
Graduate: Btech Internal Audit
Year obtained: 2010
Institution: WSU
CONTACT REFERENCES
Project Leader: Vusi Ngcaba
Department of Transport
Manager: James Duffey
QHAMA SHI
Project Leader: Josh Hayman
Dept of Roads & Public Works
Supervisor: Siviwe Sosibo
Mzwakali Business Advisory
Contact this candidate