Accountant Manager
Resume:
Lindokuhle Oscar Magubane’s CV
Personal Details
Phone number +27-83-292-****
Email *************@*****.***
Nationality South African (ID: 810**********)
Age 38 (09 Feb 1981)
EE/AA Status African Male
High School Education
Qualification Matric
School Siyamukela High School
Location Newcastle - KZN
Year of Completion 1997
Tertiary Education
Degree BCom Accounting
Institution University of Zululand
Location Empangeni - KZN
Year of Completion 2000
Languages
Zulu Speak, read and write
English Speak, read and write
Afrikaans Speak and read
Skills
Excel Extensive
SAP Extensive
Hyperion Extensive
AccPac Extensive
Oracle JDE Edwards Extensive
Career Summary
Company
Position
Duration
Columbus Stainless
General Accountant
May 2016 - Current
RCL Foods(TSB Sugar)
Mill Accountant
Jul 2014 – Apr 2016
JEF Drill and Blast (Pty)Ltd
Company Accountant
Oct 2010 – Jun 2014
Xstratacoal (Pty) Ltd
Financial Accountant
Dec 2008 – Sep 2010
Eskom Hendrina Power Station
Management Accountant
Nov 2006 – Nov 2008
Fidelity Cash Management
Branch Administrator
Dec 2002 – Oct 2006
Lee Oosthuizen (CA) SA
Trainee Accountant
Jan 2001 – Nov 2002
Employment
May 2016 – Current General Accountant at Columbus Stainless Steel (Middelburg)
Accurate and timeous preparation of Local and Foreign bank entries on a weekly basis.
Reconciliation of Local and Foreign currency bank accounts to general ledger.
Recording of Foreign Exchange differences, bank charges and interest.
Perform month-end revaluation of all foreign bank accounts.
Recon of Accounts receivables for Local and Export customers.
Revaluation of all debtors on a monthly basis for Local and Export
Monthly Journals and posting.
General Ledger Reconciliations.
Intercompany recons
Monitor and reconcile the interface between MAX and JDE to ensure integrity of all information integrated.
Month-end accruals
Month-end reporting for Executive.
Ensure validity of all forex differences generated by the sub modules.
Do forex balancing to compare to Treasury forecast.
Month-end revaluations for bank & debtors in foreign currencies
Internal & External audit queries
Jul 2014 – April 2016 Mill Accountant at TSB Sugar (Pty) Ltd (FMCG)
Variance analysis – Actual vs Budgeted costs
Update standard costs in the bill of materials
Facilitating the budget process for Capital and Operations
Preparation of books up to Trial Balance and tax calculation
Review all costs and reallocate misallocations via journals
Identify Capital from Maintenance and reallocate via journal
Assist with setting Financial Target in order to reduce costs
Monthly month-end procedures
Stock balancing and valuation – Reconciling sugar stock
Production Orders – capturing orders of all stock produced and materials used
Valuation of stock at hand every month
CAPEX coordination & reporting
Checking petty cash entries
Reconciling Sugar Stocks in various storage locations
Analysis of accounts and journals
Forecasting
Review of Debtors recons
GL Recons and creditors recons
Costing – Identifying incorrect costs and correct re-allocation.
Managing Creditors and Debtors staff
Oct 2010 – Jun 2014 Company Accountant at JEF Drill & Blast (Pty) Ltd – Mining Services (Middelburg)
Preparation of balance sheet reconciliations and general journals
Accruals/Provisions
Monthly reporting and preparation of Management Reporting Packs
Preparation of books up to Trial Balance and tax calculation
Weekly cash flow forecasts for Treasury department
Raising PO’s
Invoice processing
Oversee Accounts payable process and review of reconciliations
Loading of payments
Cashbook processing (debtors and creditors)
Maintain debtor accounts
Variance analysis – Actual vs Forecasted costs
Review all costs and reallocate misallocations via journals
Identify Capital from Maintenance and reallocate via journal
Budgeting
CAPEX approval coordination & reporting
Maintenance of Fixed Asset Register and reconciliation thereof
Inter-companies transactions
Prepare for internal and external audits
Manage Tax Compliance – VAT, PAYE/UIF/SDL and Tax Clearance
Dec 2008 – Sep 2010 Financial Accountant at Xstratacoal (Pty) Ltd – Mining (Witbank)
Responsibilities Monitoring and reconciling Balance Sheets accounts
Preparation of monthly reports
Monthly coal stock reconciliation between survey figures and finance figures
Monthly production stock valuations
Cost allocation to various departments
ABC Costing
Diesel reconciliation and monitoring – reconciling of consumption and bowser balances
Preparation of budgets
Preparation of Life of Mine plans
Preparation of Monthly Tax Packs
Nov 2006 – Nov 2008 Management Accountant at Eskom Hendrina Power Station (Hendrina)
Responsibilities Preparation of Annual Budgets and 7 year plan
Preparation of Quarterly reports and Monthly reports
Advising line management on their spending
Assist in Forex negotiations and calculations
Forecasting
Tax Packs
Variance analysis – Actuals vs. forecasted spending
General Ledger reconciliation for the departments
Dec 2002 – Oct 2006 Branch Administrator at Fidelity Cash Management Services (Newcastle)
Responsibilities Cash book – capturing cheque and transfer entries into the system
Bank reconciliation – reconciling the cash book to the Bank statement
Creditor’s reconciliations – reconciling creditor’s statements vs.creditor age analysis and following up queries or discrepancies
EFT Payments
Monthly variance reporting – reporting on variances between actual vs. forecasted or budgeted revenues and expenses
Forecasting and Budgeting – Preparation of budgets from beginning
to the end of the process and capturing it on the SAP system.
Jan 2001 – Nov 2002 Trainee Accountant at Lee Oosthuizen & Smith Inc. CA(SA) (Newcastle)
Responsibilities Preparation of cash books
Company Audits
Bookkeeping
Compilation of Tax Returns
Bank Reconciliations
References
Name
Position
Contact number
Zander Potgieter
CFO at JEF Drill and Blast (Pty)Ltd
Sharon Mashaba
Accountant at Xstratacoal (Pty) Ltd
Gugulethu Khoza
Finance Manager at Eskom Hendrina Power Station
Shamla Subramoney
Branch Manager at Fidelity Cash Management
N.T.Oosthuizen
Partner at Lee Oosthuizen (CA) SA
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