Financial Employee Relations

Jamal Rabvukwa. ACCA,

Address – Harare,Zimbabwe

Mobile: +263-**-***-****

E-mail: *****.*****@*****.***

Bahrain ID : 770762573, Bahrain Drivers Licence

South Africa ID: 770**********

Summary

A member of the Association of Chartered Certified Accountants (ACCA) (UK), equipped with a rich mixture of skills gained from over 18 years hands on experience in the Finance Environment, performing well in high pressured, competitive, challenging environments. Adept at preparation of annual budgets, forecasting, preparation of financial statements, tracking Key Performance Indicators (KPI's), Business performance analysis, Investment, analysis of financial performance, preparation of board finance reports as well as management reports. Looking to be a CFO for the next role in my career progression.

Core Competencies:

Statutory Reporting

Financial Analysis

Forecasting

Auditing

VAT Management

Cash Management

Budgeting & Control

Cost Control

Investment Strategies

Oracle E Business Suites

Cost & Tax Accounting

Regulatory Compliance

Product Costing & Pricing

Process Improvements

Hyperion Financial Management

EDUCATION AND TRAINING

Post Graduate Diploma Applied Accounting Science

2014

University of South Africa

Chartered Certified Accountant

2006

Association of Chartered Certified Accountants (ACCA), United Kingdom

Degree- Bcomm Honours in Accounting

2000

University of Zimbabwe

PROFESSIONAL EXPERIENCE

Head of Finance/ Board Secretary Mar 2018- June 2020

Digital Media Group Bahrain (www.dimeglobal.net)

Finance Manager & Board Secretary

Nov 2015 to Mar 2018

Zayani Group, IT services and solutions provider

Africa Projects Controller

Aug 2014 – Jun 2015

Scatec Solar Norway(www.scatecsolar.com)

Senior Projects Financial Controller

July 2011-July 2014

Abengoa Solar Spain (www.abengoa.com)

Financial Controller

Zed Mobile Spain (www.zedmobile.com)

Jan 2009 – May 2011

Financial Controller

Rand Merchant Bank (www.rmb.co.za)

Feb 2008 –Dec 2008

Ariston Holdings, Zimbabwe (www.ariston.co.zw) March 2004- Dec 2007

Articled Clerk (ACCA Articles)

Jan 2000 – Dec 2003

Coopers Lybrand Chartered Accountants (Now PWC)

WORK HISTORY

Head of Finance / Board Secretary- Digital Media Group B.S.C © BAHRAIN

As Group CFO, my role is to spearhead an ambitious project of growth in SAAS business sectors.

I am a member of the board, partnering with the CEO to lead the company to an innovative integrated solutions providing disruptive technologies.I am part of the Group Executive Committee and report directly to the GCEO with entities in Bahrain, Hong Kong, Manila, UK and Saudi Arabia.

Divisional Finance Managers report to me, these presently include from the following companies:

Dime Engage Bahrain- SAAS in E-Commerce Platform

Dime Communications B.S.C ©-Client Engagements Platform

Dime Connect-Secure OTT products

Dime Global Hong Kong- OTT with Telecom Operators

Dime Global Philippines

Dime Saudi Arabia

Dime Inside Limited UK

Flashh Digital Marketing Bahrain- B2B App development Company

KEY TASKS AND RESPONSIBILITIES

Define and implement the administrative and financial governance processes of the Group, put in place a proper operating finance infrastructure, Monthly reporting tools, objectives and staff training needs

Helping the analysis of new market developments, integrating the creation of new country subsidiaries,

In charge of cash management and accurate forecasts.

Prepare consolidated monthly performance reports, variance analysis against budgets and prior year

Lead the different countries Finance Managers integrated in the different subsidiaries: Europe, Asia, and Middle East,

Commercial analysis and business partnering to the CEO and operational teams, improve strategic decision making,

Support subsidiaries and internal teams to meet their targets and monitor budgets for variances.,

Establish trustworthy relationship with third parties: External auditors, administrations, financial institutions, consultancies.

Provide leadership to expand margins and ROI through efficient deployment of capital investments.

I manage the governance matters of DMG, its board and committees and its subsidiaries

Communicate with external and internal Board and Committee members and other interested parties to develop meeting schedules, distribute meeting notices and coordinate meeting logistics

Perform all aspects of Board and Committee planning, liaise with directors in the agenda planning process, interact with presenters to solicit, review and provide comments on meeting materials, prepare draft resolutions and assemble and distribute meeting materials

Attend Board and Committee meetings, draft accurate minutes of such meetings for review by the CEO

Conduct after-meeting activities including drafting and distributing secretary’s certificates, preparing and submitting reports or filings with regulatory agencies, internal and external auditors or other interested parties, maintaining and updating corporate documents and records, inform required parties of any actions items identified during the meetings and track the resolution status thereof, update and maintain attendance records, and administer the director compensation program

In charge of the planning, preparation, and documentation process of certain management committee meetings

Participate in systems and process enhancements

Participate in legal entity maintenance and optimization projects, prepare or review documentation related to entity formations, dissolutions and other corporate actions, coordinate the State qualification process

Finance & Admin Manager – ZAYANI GROUP

I supported the work of the company’s CEO, focusing on the establishment, optimization and reporting of day-to-day financials in the company. I oversaw Finance, Operations, IT and HR functions in Bahrain and Saudi Arabia.

Divisional Heads report to the CEO, these presently include following companies:

Zayani Infosystems Middle East W.L.L

Zayani Computers W.L.L

Prosoft Software

FAZ Corporation for IT (Al Khobar, Saudi Arabia)

In addition, I was responsible for VAT implementation and management:

Provided accurate and timely advice on Indirect Taxes and ensuring compliance with legislation

Developed the central VAT compliance team to evaluate and improve processes.

Managed VAT planning and oversee registrations of Group entities.

Reviewed all VAT reconciliations and returns.

Coordinated with external consultants and advisors on matters related to VAT

KEY TASKS AND RESPONSIBILITIES

Ensured that management accounts for each of the Group and associated companies are prepared by the 10th working day of the month.

Prepared consolidated report of the financial statements for the Board of Directors of FAAZ Holdings B.S.C. © on a quarterly basis.

Prepared and present the annual Budgets for each Group company for approval by the Board of Directors.

Managed and control department/division expenditure within agreed budgets

Ensure documents and reports are maintained according to IFRS and Bahrain laws.

Analyzed and Optimization of cash flow/ financial performance/ financial reporting and annual forecasting

Provided financial reports/ analysis/ advice to board members/ CEO/ stakeholders/ clients in terms of short-term and long-term decision making/ financial risk management.

Handled and Administer bank and insurance issues/ financing arrangements, LCs, Guarantees, Performance Bonds.

Coordinated external audits and ensure all schedules are prepared through to finalization.

In charge of Short-Term financing arrangements: loans, overdrafts and CIL funding

Developed and maintained financial accounting systems for cash management, AP, AR, Credit Control Fixed Assets and petty cash.

Contributed to the evaluation and development of financial strategy and performance in co-operation with the Executive Team

Ensured activities meet with and integrate with organizational requirements for quality management, health and safety, legal stipulations, environmental policies and general care of duty

Set operational and KPI goals for each department/division head (direct reports) which are aggressive, achievable and tied to long term corporate goals

Monitored department and individual performance against KPIs/Goals to ensure correct progress is being made.

Conduct and minute regular meetings with department heads to ensure that priorities are clear, and co-ordination is good

Reporting and accounting as per regulatory and legal requirements including taxation, dividends, annual report and accounts

Assume responsibility for company insurance(s), licenses, contracts and agreements, regulatory body relationships, strategies, approvals and accreditations

Organize Board meetings, Exco meetings and AGM of FAAZ Holdings B.S.C ©

HR and Payroll Admin

Maintain individual files for designated employees to include position, contact details, remuneration levels, holidays, sickness, performance reviews, promotions, etc.

Provided administrative support for the employee medical insurance and life insurance policies.

Assisted in employee relations through ongoing communications with specified staff and individual meetings as required.

Responsible for obtaining, renewing and cancelling work visas for employees and maintaining immigration records of all expatriate employees and their family members

Maintaining Staff Leave, Sick Leave and Absence records.

Africa Projects Controller- (South Africa, Norway HQ)-Scatec Solar Norway( Fixed Term Contract)

Manage the day-to-day financial operations for South African entities;

Oversee Accounts Payable, Payroll, and Treasury functions for African entities;

Responsible for the consolidation process of African entities.

In charge of timely and accurate analysis of project and operating budgets and cash flow forecasts.

Liaise with corporate tax and external tax consultants to optimize tax arrangements.

Maintain systems of internal control in line with Scatec policies and ensure compliance with SOX

Assess internal control risks and implement additional controls where required;

Prepare audited financial statements and footnotes under US GAAP;

Design and implement processes to give business managers the necessary financial data to make decisions and monitor performance

Responsible for budgeting and forecasting to accurately identify the key business drivers

Continually improve the budgeting process through education of project owners on the financial issues and KPIs impacting different projects.

Monitor the performance of the business against the annual budget and long-term business plan

Support numerous internal and external audits related to Africa.

Assist with controlling compliance to Exchange Control Regulations on a transactional basis as well as reporting to the South-African Reserve Bank (SARB);

Evaluate the Finance work stream structure and team plan for continual improvement of the efficiency and effectiveness of the group, as well as provide individuals with professional and personal growth with emphasis on opportunities.

Supervise financial planning and analysis, with a dot line reporting to VP FP&A.

Assist with the implementation and maintenance of financial reporting tools and IT solutions, Oracle HFM, Cognos, SAP and Dynamic SharePoint.

Senior Projects Financial Controller- Abengoa Solar Spain( Fixed Term Contract)

Provide financial leadership and be a business partner to the GM of the EPC business with regards to all matters related to business operations and finance.

Development of long-range plans, annual budgets and monthly financial forecast updates that are consistent with the objectives of the organization.

Maintain Project Financial Models for forecasts, analysis and internal reporting

Prepare and present monthly, quarterly, and annual financial statements under both IFRS and the USGAAP, as well as prepare monthly statements under IFRS.

Perform short- and long-term cash forecasts using internal tools to ensure adequate liquidity for 4 years in advance.

Maintain systems of internal control in line with Abengoa policies

and ensure compliance with SOX

Management and control of the treasury function in line with the global policy.

Manage local tax issues in conjunction with KPMG

Monthly review of Monthly Balance Sheet and P&L

Monthly Intercompany reconciliations and submission to Group Consolidation.

In charge of maintaining SOX and liaison with Group Internal Audit.

In charge of Treasury of the Africa Region which includes amongst others, Accounts Payable, cash reconciliations, payroll and payments.

Project Finance Reporting

In charge of Disbursements for every completed Milestone as agreed in the Contract

Calls with lenders to close FX hedge deals together with internal Derivatives Department

Prepare Quarterly Project reports as per the Financial Covenants, comparing Financial Model estimates with Project Actuals, Quarterly Construction Reports, Quarterly Financial Statements and Quarterly Environmental Reports.

Supervise financial planning and analysis, with a dot line reporting to VP FP&A of Energy Group

Prepare interest payments to lenders and reconciliations

Financial Controller- Zed Mobile Spain

I met Group Financial Reporting objectives with regards to Content Management, submission of Year End and Monthly Packs relating to the Balance Sheet in terms of IFRS and US GAAP, My role was:

Provided a commercial and financial reporting service, ensuring that reliable category, overhead and balance sheet information is produced, evaluated and communicated to facilitate planning and control and enable decision making.

Ensured compliance with all current direct and indirect tax legislation through systems evaluation, review, implementation, monitoring and liaison with external advisors.

Ensured compliance with all statutory requirements pertaining to financial statement reporting.

Ensured compliance with global accounting and other standards. (US GAAP)

Managed and controlled the treasury function in line with the global policy.

Managed the administration of the company's payroll obligations.

Implemented necessary security and internal controls.

Drove process improvements within the finance department, to maximize reporting quality, integrity and turnaround times, including business & systems simplification and automation of processes.

Financial Reporting

Prepared monthly consolidated financial statements in terms of IFRS and upload in HFM and Oracle ERP

Compiled accurate and complete trading results, half-year and year-end packs

Prepared monthly management reports and analysis of variances against budgets and QF

Prepared and reconcile Inter-company loan accounts and Group Intercompany loans

Prepared year end consolidations and AFS for Africa in terms of IFRS

interest payments to lenders and reconciliations

Financial Controller – Rand Merchant Bank( Temporary Contract)

Budgetary Control for the Four Units (RMB Unit Trusts, RMB Asset Management, RMB Namibia and First Rand Alternative Asset Management)

Preparations of overall costs budgets;

Consolidated budgets for the four units and variance analysis thereof;

Presentation of budgets to Group Management;

Monitoring of standard reporting within the country and Namibia;

Reporting of budgets achievement on a monthly basis and quarterly for the four divisions;

Providing direct support on the individual reporting units;

Advise on variances and possible plan of action.

Preparation of monthly regulatory reports for submission to the Financial Services Board and other regulatory bodies;

Preparation of monthly VAT calculations and returns;

Preparation of various reports required in terms of the Financial Sector Charter;

Maintaining appropriate interface & communication with other business areas;

Continuous evaluation of current reporting processes in order to streamline and improve these processes.

Audit Senior and Articled Clerk- Coopers & Lybrand Zimbabwe

Oversees audit planning, field work, and audit reporting; prepares reports, and communicates findings and recommendations to line and senior management.

Review audit work papers prepared by the audit staff to ensure sound audit theory and compliance with audit guidelines.

Responsible for the daily supervision of audit staff and responsible for the development of audit staff and the completion of performance evaluations.

Ensures that reviews are completed in compliance with the Auditing standards.

Prepare and index work papers and perform various procedures under generally accepted accounting principles to verify accuracy and validity of client’s financial matters.

Anticipate and address client concerns and identify and address problems promptly as they arise.

Build effective working relationships with client personnel and meet time constraints and client deadlines.

Mentor staff accountants and provide performance related information to managers for the content of engagement evaluations.

IT SKILLS

Tally, Navision, Dynamic GP, QuickBooks, Xero,Pastel, Accpac and Oracle

MS Office (Word, Excel & PowerPoint), Internet & E-mail application

PERSONAL DETAILS

Nationality

:

Zimbabwean

Date of Birth

:

1st July, 1977

Marital Status

:

Married

Visa Status

Address

:

:

Resident Permit

Harare, Zimbabwe

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