tax, accountancy project finance, advisory

RESUME(CV)

PERSONAL DETAILS

Full name: Deophine M. Luswili-B.Acc, FCMA, FZICA, CGMA, MBA-(devf)

CONTACT ADDRESS

P O Box 30905

LUSAKA

Mobile number +260 97- 7 786917

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

Statement of Skill and Competence

Deophine has over twenty-five years’ experience in the field of Accounting, Budget Planning and Control, Cash management, Treasury, Risk management, electric energy Accountant, project finance and tax handling functions.

A member of CIMA, ZICA and Institute of Directors (IODZ).

Held various positions including Management Accountant, Cost Accountant, Finance Manager, Chief Accountant and Deputy Director – Treasury, Budgets and Accounting services.

Able to work on many accounting packages, Computer hands on experience and needs no supervision. Designs and coordinates a wide variety of accounting and statistical data and reports.

Worked as a curator on Prudence bank and submitted recommendations to Bank of Zambia on the establishment of a credit bureau. Conducted research on a bank under receivership and provided more information to enable stakeholders understand the technical issues and thus increasing public and sectorial knowledge on managing future customer needs.

Goal getter, team player, motivator, mentor and trainer, Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of others. A wide degree of creativity and latitude.

Have sat and still sits on various Companies’ Boards as a Non -Executive Director and chairs some Board committees. Have been a council member of ZICA for a term of three years (2011-2013).

EDUCATIONAL BACKGROUND

ACADEMIC & PROFESSIONAL QUALIFICATIONS

1.Full form 5 School Certificate.

2.Bachelor of Accountancy Degree in Accounting and Finance (B.Acc) - University of Zambia -Ndola Campus (now Copperbelt University)

3.Master’s Degree in Development Finance - Stellenbosch University of South Africa Cape Town.

4.Certificate in Computing

5.Fellow member (FCMA) of the Chartered Institute of Management Accountants (CIMA) United Kingdom

6.Fellow member - (FZICA) of the Zambia Institute of Chartered Accountants (ZICA).

7.Chartered Global Management Accountant (CGMA).

8.Member of the Institute of Directors (IOD) of Zambia

SPECIAL SKILLS/ATTRIBUTES

1.Computer literate with hands-on-experience on Microsoft Access, Microsoft Word, Microsoft Excel, Sun Accounting package, BIS Oracle Financial accounting package Pastel Partner.

BOARD MEMBERSHIPS

1.Treasurer of the school Parent Teachers’ Association at Kasisi Secondary school 2005 to 2013.

2.Vice-Chairperson of the ZICA Publishing and editorial of the ZICA Magazine for more than 10 years up to 2009.

3.Committee Member of the CIMA Board–spearheading the CIMA benevolent Fund for more than 10 years up to 2007

4.CIMA Zambia Branch Committee member – 1996-2006

5.Member of three Government Audit Committees-namely Ministry of Foreign Affairs, Ministry of Labour and Ministry of Community services from 2008 to 2012.

6.Current Board member of the National Institute of Public Administration (NIPA).

7.Board member of the Zambia Centre for accountancy Studies (ZCAS)

8.Member of the Chartered Institute of Management Accountants (CIMA) Zambia Branch – 1996 to 2006.

9.Board Council Member of Zambia Institute of Chartered Accountants (ZICA) and Chairperson of the Public Sector Committee-2009-2014

10.Board member of Investrust Bank Zambia Limited – 2019

11.Committee Member of ZSIC Life Audit and Risk Management Committee

12.Member of the CIMA Regional Advisory Panel- South Africa Committee – June 2019 to date

13.Committee Member of Cabinet Office

PERSONAL ATTRIBUTES

2.Self-starter and achievement oriented person – always strives to achieve.

3.Cheerful warm and optimistic personality and able to use personality to lead and inspire others.

4.Impeccable record of integrity and living values that can enhance the performance of others.

5.Good in-depth understanding of the Zambian market, economy, money market, business environment etc.

6.Innovative

7.Team player

8. Committed

9. Seeks challenges

CONTRIBUTION TO PUBLIC SERVICE- Government of the Republic of Zambia:

1.Board Member: Ministry of Foreign Affairs Audit Committee Board.

2.Board Member: Ministry of Labour and Community services Audit Committee

3.Board Member: Zambia Centre for Accountancy Studies (ZCAS) - Board’s function is to add value to the financial, staff Audit systems.

4.Board Member: National Institute of Public Administration (NIPA) - Board.

-Appointed November 2012 to date

-The Committee was mandated to address the following issues:

-Facilitate the opening of the satellite Campuses across the Country.

-Ensuring the construction of the Library is complete.

-Chairperson of Finance and Audit Committee- NIPA.

5.Member: Medical Stores Finance and Audit Committee. Appointed January, 2013- to 2016.

6.Member of the Road Safety Triburnal - 2017 to date

COMMUNITY SERVICE

1.PTA Treasurer at Nkhwazi Trust School – 2012-2013

2.PTA Treasurer at Kasisi Girls Secondary school -2009-2010

EMPLOYMENT HISTORY – SUMMARY

Employment Summary

Company

Position

Period

1

LMD Management Consultants Ltd

Chief Executive Officer

April 2015 – To-date

2

ZESCO

Deputy Director (Senior Manager) Accounting Services

June 2014 – March 2015

3

ZESCO

Deputy Director (Senior Manager) Treasury and Taxation

2012-2014

4

ZESCO

Deputy Director (Senior Manager) Budget Compliance and Investment

2011-2012

5

ZESCO

Chief Accountant -Generation & Transmission

2005-2011

6

Kariba North Bank

Chief Accountant

2001-2004

7

Chonta Malinga

Curator (Special Assignment)

2000-2001

8

Deloitte & Touché

Senior Accountant/Company Secretary (Small Business)

1998-2000

9

Lusaka Water & Sewerage Company

Senior Accountant

1996-1998

10 to 12

Zambia Railways

Management Trainee Assistant Accountant InternalAuditor Audit Manager

1990-1995

13

Consolidated Tyre Services (CTS)

Vocational employment

June to September 1986

14

Zambia Consolidated Copper Mines

Internship

June-September 1985

DETAILLED WORK EXPERIENCE

1-Company: LMD Management Consultants

Position held: Managing Partner

Period: April 2015 – To date

Work experience:-

Management Consultancy services

1.Taxation advisory Services

2.Accounting Services

3.Budgeting and Budgetary control

4.Cash Management

5.Project Financing Services

6.Corporate Governance

7.Company Registration

8.Strategic Planning

9.Risk Management Services

Clients

1.OYDC ( Olympic Youth Development Centre)- 3 months

2.Transmission Eltel- A company building a US$163m Transmission Line connecting all provinces in the Northwestern Province to the grid- 1 Year

3.MUM’S Clinic

4.SME’s businesses

2-Company: ZESCO

Position held: Deputy Director Accounting Services –

Period: June 2014 - March 2015

Work experience:-

1.In charge of all Accounting personnel in ZESCO

2.Preparing Board papers from Finance for presentation to the Board of Directors (Acting as Finance Company Secretary).

3.Deputized the Finance Director with frequency.

4.Submission of responses to Board meeting inquiries.

5.Review of all internal Audit reports relevant to the Finance Department.

6.Recruitment of Auditors.

7.Preparation of Annual reports.

8.Ensuring Management accounts are prepared on a monthly basis

9.In charge of audits conducted by External Auditors, Auditor General, Internal Auditors and any other related review of the Company’s performance.

10.Submission of statistical data to relevant stakeholders.

11.Analytical review of the Financial performance of the Company.

12.Submission of all accounting information to Financials such as Banks both Local and International.

13.Advising management on the performance of the company.

14.Always participated in Power Purchase Agreement negotiations and sometimes chaired the negotiations.

3-Company: ZESCO

Position held: Deputy Director Treasury & Taxation

Period: March 2012- 2014 June

Work experience:-

1.Accountable to the Finance Director to formulate, develop and implement a strategic plan to provide forward-looking policies on financial and administrative activities of ZESCO Limited

2.Frequently deputized the Finance Director.

3.Negotiated High level Financing Agreements with International Financiers such as World Bank, AFDB, Nordea Bank, JICA for Major projects in ZESCO

4.Handled all on-lent Loan Agreement from the Government of the Republic of Zambia

5.Participated in High level studies to advise the Government on the right tariff that Independent Power Producers should charge

6.Participated in Policy formulation on Feed-in-Tariff Renewable Energy

7.Provide effective leadership appropriate to a hydro electric company of the highest standing for the pursuit of providing electricity to the public and the Southern Africa Power pool.

8.Control and coordinate operations of functional staff, administrative and financial departments

9.Foster high-value linkages with all stakeholders, especially Government, local banks co-operating partners, private sector and international financial institutions

10.Maximise resource base available to ZESCO Limited through fund-raising ventures and innovative management such as placing funds overnight on call and other future swaps.

11.Provision and implementation of forward-looking policies on administrative, taxation and financial activities of ZESCO Limited

12.Ensuring innovative leadership in the provision of facilities and resources for excellent pursuit of earning returns and provision of resources responsive to the needs of Zambia and the Southern African region.

13.Administrative and support staff on financial resources according to conditions as determined by ZESCO Board.

14.Controlling and coordinating operations of staff in my department involving administration, taxation, finance, and external relations

15.Ensuring that ZESCO Limited receives returns commensurate with the ruling market rates.

16.Fostering high-value linkages with all stakeholders, especially Government, cooperating partners and the private sector.

17.Promoting transparent and participatory internal governance that supports attainment of vision and mission of ZESCO Limited.

18.Participated with frequency in meetings relating to Power Purchase Agreements negotiations, Financing Agreements with International Financiers, setting of tariffs for submission to Energy Regulation Board.

4-Company: ZESCO

Position: Deputy Director - Budgets, Compliance & Investment

Period: 2011-2012

Work experience:-

1.My work involved planning, managing, organizing, directing, supervising, and personally performing professional budgeting activities in accordance with the principles and procedures of corporate budgeting, and budget control.

2.Managing, coordinating, and participating in the development of the corporation s annual budget.

3.. Participated in budget hearings.

4. Prepared five year revenue and expenditure projections.

5. Reviewed staff reports relative to their budget impact and works with other managers to resolve problems and discrepancies.

6. Implemented, monitored, and evaluated budget policies and procedures, and make recommendations.

7. Provided expert and professional assistance and support to management and staff on budget and other related matters.

8. Researched, analyzed, evaluated, and developed findings and made recommendations involving complex budget and financial management issues.

9. Performed high level, complex special projects and studies as assigned by superiors.

10. Managed, updated, and maintained corporate-wide resolutions including coordinating studies for new and existing customers

11. Prepared reports and correspondence associated with projects and studies.

12. Evaluated and formulate recommendations for enhancing the ZESCO budget development process and budget documents.

13. Reviewed capital improvement plan for consistency with the annual operating and capital budget.

14. Administration and management of staff.

15. Cost management and cost allocation.

5-Company: ZESCO

Position: Chief Accountant for Generation & Transmission.

Period: 2004-2011 October

Work experience:-

1.Further to the merger of Kariba North Bank Company Limited with ZESCO. I was appointed to head the Generation and transmission Department (G&T)

2.Arrangement for and attendance at Power Purchase Agreement (PPA) negotiations meetings for both import and export of power to our foreign clients. This also include local bulk suppliers and Buyers.

3.Co-ordination and preparation of the strategic business plan and annual budgets of department of G&T Periodic reviews of performance and presentation to Management

4.Supervision of preparation of annual financial statements liaising with Auditors for the annual Audit and presentation of audited accounts and management reports to Management

5.Supervision of preparation of monthly financial reports and presentation of same at Management meetings. Guiding line Managers and advising senior management on budgets and budgetary control process as a means of achieving both departmental and organizational goals.

6.Kariba North Bank Zambia Limited (KNBC)

Position Held: Chief Accountant-

Reporting to: Director-Company Secretary/Finance

Work experience:-

1.Head of the accounting and administration department Frequently deputized for the Director acting in the position of Director of Finance

2.In-Charge of Finance in Siavonga-office and Head Office

3.Supervision of Finance and Administration department

4.Producing various reports for the Board meetings

5.Reporting to Management on performance of the company on a monthly basis.

6.Credit control management.

7.Handling of payroll for staff.

8.Implementation of accounting system.

9.Preparation of various reports for management reporting.

10.Supervising accounting and administration functions.

11.Production of monthly management accounts and reports on a timely basis.

12.Preparation of audited financial statements in conjunction with external auditor.

13.In charge of budgets and budgetary control process Cashflow planning and liaising with the company bankers on all matters relating to banking arrangements: Term deposits overdraft facilities investments Letter of Credit and other banking facilities.

14.Co-ordination of the administrative functions of the company including personnel insurance pension scheme, arrangement for medical schemes and security services.

15.Assisting the Financial controller on all company secretarial work including preparation and submission of annual returns to the registrar of companies, liasing with the company‘s Lawyers on all legal matters, preparation for and attendance at all management meetings.

16.Submission of Tax returns on behalf of the KNBC Guest house to Zambia Revenue Authority.

MAJOR ACHIEVEMENTS

I was highly involved in the commercialization process of the KNBC parastatal company which was assigned a new mandate to lead the way in the liberalization process of the National Energy sector as the first Independent Power Producer in the country up until the re-integration into ZESCO in 2004.

7.Deloitte & Touche

Position Held: Senior Accountant/Company Secretary

(Small Business)

Reporting to: Manager - (Small Business)

Work experience:-

1.Preparation of audited financial statements for small businesses

2.Registering companies.

3.Dealing with correspondence relating to small businesses

4.Supervision of accounting function and administrative functions of various companies.

5.Producing various reports for companies.

6.Dealing with various company secretarial functions relating to companies.

7.Maintenance of adequate and up to date records covering all financial transactions of clients.

8.LUSAKA WATER & SEWERAGE COMPANY LIMITED

Position held : Senior Accountant

Reporting to : Finance Manager

Work experience:-

1.Re-designing a proper system of accounting for commercial section.

2.Introducing the point of sale service to enhance collection of cash.

3.Acting as consultant to management on improvement of accounting system successfully supervised the implementation of SUN system accounting package. Assisting and advising the Management on all matters relating to the formulation and implementation of Financial and accounting policies and regulations in accordance with the company rules and guidelines.

4.Producing reports on systems, receipts and other internal controls.

5.Supervising posting of entries to the ledger.

6.Production of monthly management accounts.

7.Production of statutory financial statements in conjunction with external auditors.

8.Submission of TAX returns and ensuring that errors in the returns are minimized.

9.ZAMBIA RAILWAYS LIMITED

Position Held: Audit Manager

Reporting to: Senior Audit Manager

Period: 1 February 1995 to December 1995

Work experience:-

1.Head of department

2.Checking the accounting system of the company and its sections and advising management on how to improve internal controls.

3.Having regular checks on internal control systems of the company including payroll audit.

4.Prepare a comprehensive long range program of audit coverage for various operations of the Company.

5.Review the organisation of various departments, procedure flow, and control reports, budgetary control and work load of each activity.

6.Recommending best utilization of the transport fleet.

7.Establish standards of performance and reviews performance according to those standards.

8.Analyzing company’s performance and provide audit reports to executive management on various activities (findings & recommendations).

9.Identifies those activities for the audit coverage, evaluate their significance, and assess the degree of risk inherent in the activity in terms of cost schedule and quality.

10.ZAMBIA RAILWAYS LIMITED

Position held : Internal Auditor

Reporting to : Audit Manager

Work experience:-

1.Carrying out forex audit i.e. coaching

2.Accessing internal controls

3.Carrying out payroll audit

4.Making recommendations in various areas of accounting to suit a particular business being undertaken.

5.Carrying out personnel audit at the company’s clinics.

11.ZAMBIA RAILWAYS LIMITED

Position held : Assistant Accountant

Reporting to : Accountant

Work experience:-

1.Helping in the preparation of final and management accounts

2.Preparation of budgets for the company.

3.Maintenance of creditors’ and debtors’ ledgers

4.Checking primary books of entry, cash books, vouchers, Sales day books, Stock cards etc.

5.Preparation of salaries for workers

6.Cash flow (forecasting and preparation)

12.ZAMBIA RAILWAYS LIMITED

Position held : Assistant Accountant

Work experience:-

1.General Ledger postings.

2.Helping in credit control accounting.

3.Preparation of cash books and vouchers.

4.Preparation of bank reconciliations for the company.

5.Exposure to general accounting – creditors, debtors, and cash books etc.

13.CONSOLIDATED TYRE SERVICES - (C.T.S )

Position held : Vocational Employment

Period - 3 Months -June to September 1986

Work experience:-

1.Credit Control accounting.

2.Maintaining cash book and cash sale books.

3.Any other duties as was assigned from time to time.

14.ZCCM - LUANSHYA DIVISION

Position held : Trainee Accountant - Vocational Employment Period : Months From June to September 1985

Work experience:-

Assigned to costing department dealing with cost and revenue centre accounting.

REFEREES:

Mr. Chitundu Mwango- FCCA, ICSA,FZICA

Former Accountant General

Ministry of Finance

P.O BOX 31071

LUSAKA

TEL-+26-097-*-******

Mr. Hapenga Kabeta BBA, MBA, FZIM

Chief Executive

Zambia Institute of Chartered Accountants (ZICA)

Lusaka

Tel +260-*********

Mrs. Doreen C Chiwele B.Acc, FCMA, CGMA, FZICA

Former Director – Finance

NAPSA Limited

Lusaka

Tel +260-*********

DR. Lemba D Nyirenda

Professor Lifelines Engineering & Smart

ICT Management Systems and MD EEPROTEC Systems LTD

(Workplace University Think Tank)

P.O BOX 320384 WOODLANDS

TEL NO 097*******

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