Corporate Accountant Accounting Technician

Location:

Gaborone, Botswana

Posted:

June 08, 2021

Contact this candidate

Resume:

Ontlametse

Nteta

CIMA-Adv. Diploma MA, BICA

Membership No. 20180879

Botswana,Gaborone

+267-**-******

***************@*****.***

linkedin.com/in/ontlametse-nteta-38983b4a

Experienced Compliance Officer, Financial and Management Accountant An experienced, self-driven, growing, versatile financial service professional with 5 years comprehensive expertise in Investment Compliance, financial and management accounting, financial management, analysis and planning. Superb collaboration skills with all members of the organizations to archive business and financial objectives.

Instrumental in streamlining and improving processes reporting methods, implementing analytical solutions, developing exceptional relations with clients, peers and senior leadership. Skills

Financial-Management Accounting & Reporting, Finance, Compliance & Risk, Administration, Investment operations administration

Professional Experience & Achievements

Compliance Officer Oct 2019-Present

IPRO Botswana (Pty) Ltd

www.ipro.mu

A Compliance Officer ensures a company functions in a legal and ethical manner while meeting its business goals. A senior independent role responsible for developing compliance programs, reviewing company policies, and advising management on possible risks.

Responsibilities: Whilst still maintaining and overseeing the accountant role my duties and achievements included-

Implemented and managed an effective legal investment compliance program in line with the Financial Intelligence Act (FIA), Collective Investment Undertakings Act, Securities Act, NBFIRA Act, Companies Act and all related industry regulations. NBFIRA AML reporting Officer.

Knowledgeable in using the NBFIRA Risk Based Supervision System (RBSS) for filling regulatory reports, as well as the GOAML Live anti-money laundering system.

Overseer of all external and internal audits.

Developed and reviewed company policies (HR, Investment, Operations, AML.). Ensured all these were up to date through regular research on emerging compliances issues both locally and internationally.

Managed compliance reporting and KYC review for AUM close to P 1 billion which included two of the local largest pension funds. Played a vital role in their vetting process as well as regular monitoring.

Advised management (Board of Directors) on the company’s compliance with laws and regulations through detailed reports. Reported to the Financial Audit, Risk Committee every financial year end or on request.

Created and manage effective action plans in response to audit discoveries and compliance violations.

Regularly audited company procedures, practices, and documents to identify possible weaknesses or risk.

Assessed company operations to determine compliance risk.

Ensured all employees are educated on the latest regulations and processes.

Resolved employee concerns about legal compliance.

Developed and implement an effective KYC program. Review all new client mandates during the onboarding process-retail, corporates, pension funds, societies and individuals’ portfolios.

Overseer and supervisor of the accounting, investment administration, operations assistant, office administration roles, reporting directly to the Operations & Risk Manager. Maintained the accounting functions as a secondary role.

Key contact person between IPRO Botswana and Non-Banking Financial Regulatory Authority (NBFIRA), preparing regular compliance reports to monitor company’s funds under management and all risk components. In addition, provided regular compliance reports to Bank of Botswana, Alexander Forbes(performance) and Botswana Stock Exchange and BURS (tax compliance schedules and reports). Corporate Accountant ~Accounting~ Investment Operations~ Compliance and Risk

IPRO Botswana (Pty) Ltd

www.ipro.mu

Jan 2018-Present

An employee of IPRO Botswana under the Operations and Risk Department as an accountant with two years of increasingly responsible experience in general accounting, financial planning and reporting, accounts payable and receivable function management, and monthly management accounts preparation. IPRO Botswana is a local subsidiary part of the Investment Professional (IPRO) Group based in Mauritius one of the largest international network of asset managers, and investment advisers. IPRO is also part of the well- renowned international CIEL group.

Managed and improved all aspects of monthly financial process-end, ensuring accurate preparation and timely reconciliation of associated financials for both in-house use and to support the group consolidation process.

Initiated and recommended a new accounting system and assisted with its implementation, which has improved the quality of reports, accuracy and promised to reduce the month end process workload lead time by over 30% (in progress).

Key team personnel responsible management in numerous key areas, including all aspects of accounting, auditing, administration, human resource, staff requests. Following depth financial analysis, provided management information to the operations manager in monitoring and reviewing income, expenditures, cash flows, variances and budgets in accordance to the company's financial management system.

Impressed management in the bookkeeping process including all month and year end journal entries, bank reconciliations, petty cash reconciliation, credit card expense report reconciliation, revenue collections and reconciliations, commission to sales agent’s reconciliation and assisted in preparation of monthly management accounts.

Supervised two office administration assistants and ensured they performed their duties well, and provided them with basic financial training such as preparing BURS tax forms, Purchase Orders, Maintained professional banking and supplier relationships. Ensured the company met all BURS compliance requirements including timely filling of returns, SAT payments, WHT monthly submissions, PAYE monthly submissions, Tax clearance certificate renewals. Maintained accounting records and files ensuring they comply with record rendition policy. Prepared monthly vendor payments for management team approval and mailing. Ensured that all financial data filling, both paper and electronic complies with company's protection guidelines as well as records retention policies.

Assisted the HR manager in preparing the Payroll schedules and distributing payroll and employee reimbursement checks.

Acted as a liaison between the company and its auditors providing all necessary information and records. Day-to day administration for the office- drafting letters, ordering office supplies, licenses renewals, IT troubleshooting, HR Administration support.

Supported management in planning preparing annual budget reports as well as cash flow reports on a regular basis. Also acquired these skills during my studies. Appointed interim Compliance & Risk Officer under the Operations department (currently undergoing NBFIRA Vetting & will officially be appointed if successful reporting directly to the Board of Directors) handling part of the investment compliance reporting, KYC checks, Anti Money Laundering compliance reviews, risk assessments and recommendations. This will be an additional role to the current accounting role proving my ability to multi-task and handle more challenging roles. Acted as an assistant in the investment administration operations, duties including weekly preparation the Client Trade Template(CTT), Investment Funds collection from clients bank accounts, audit confirmations for investors (corporates), Services billings for the funds, Supplier payments for the funds, audit confirmations for the funds, funds’ performance publications to external parties (money market yield publication on the BSE) and tax compliance functions. After an impressive year and a half of working with the company, in addition to my current accounting role I have been appointed Employer representative for the staff pension fund and was also appointed company and funds authorized signatory. This clearly indicating how well trusted and reliable I have been with the company during a short stay.

Semi-Senior Accountant~ Financial Accounting & Management Accounting

BDO -Audit, Tax, Advisory

www.bdo.bw

Jan 2016-Dec 2017

I have worked over almost 2 years under one of the most reputable audit firms internationally and locally BDO Botswana a local partnership to the international network of audit tax and advisory firm. I have worked in this firm as an accountant under the accounting department were, I have risen through the ranks from an article clerk to finally a semi-senior accountant before leaving for IPRO Botswana to explore the investment side of the financial industry.

Praised for my well understanding of preparation annual financial statements in accordance with International Financial Reporting Standards as well as Local regulatory body for accountants (BICA). Entrusted with preparation of monthly detailed management accounts for a huge base of clients on a regular basis.

Prepared tax compliance reports on behalf of clients and submitted these to the tax departments for tax computation and BURS submissions.

Supervised and trained all junior accountants, reviewed their work before finally being reviewed by senior supervisor and the partners.

Prepared monthly, supplier payment on behalf of clients and received income (debt/revenue) collections on behalf of clients and monitored cash flow adequacy levels. Recorded all transactions to produce, trial balances, ledgers, reconciliations to support client reporting needs.

Maintained clients accounting files and records in line with proper accounting and audit standards ensuring files were readily accessible both electronical and physically. Key contact person for all audits on behalf of clients, providing auditors with all records and necessary audit information as well as confirmations.

Underwent SAGE Pastel Partner, Quick books, Case Ware Working Papers, Xero Accounting and Excel Management accounts reporting training both indoors and externally. Worked with large organizations handling their accounting functions such as I Towers Scheme, Rio Tinto Mining Group (SA, Bots, Namibia-Payable Function). In less than two years was already promoted from an article ship to a Semi-Senior accountant, proving my ability and willingness to learn, adapt and cope in a new environment at a fast rate. Education

Anti-Money Laundering for Non-Banking Institutions Course 2020 Botswana Institute of Bankers & Finance

Accounting Technician Certification (Membership

20180879)

Botswana Institute of Chartered Accountants

Strategic level

Chartered Institute of Management Accountants (CIMA) 2018

In progress

The Strategic level concentrates on making strategic decisions and providing the context for which those decisions will be implemented. Its focus is the long-term. Students will learn how to:

formulate financial strategy

manage strategic relationships

identify and manage risk

The subjects at each level and designed to be sequential, from Operational to Strategic level, encouraging the progressive development of knowledge, techniques and skills. On completion of the Strategic level, students will be eligible to submit their practical experience for assessment.

Advanced Diploma in Management Accounting

Chartered Institute of Management Accountants (CIMA) 2015

The Management level translates the strategy decided at higher levels and communicates it to lower levels for implementation. It monitors and reports on the implementation of strategy, and ensures corrective action is taken when required. It has a medium-term focus. Students will learn how to:

Prepare group accounts

Make pricing and product decisions based on a robust analysis Manage projects and relationships

On completion, you receive the CIMA Advanced Diploma in Management Accounting (CIMA Adv Dip MA) Diploma in Management Accounting

Chartered Institute of Management Accountants (CIMA) 2014

This is first level of the Professional Qualification and consists of three computer based Objective Tests and one Case Study exam.

The Operational level covers the implementation of strategy, as well as reporting on the implementation of strategy. Its focus is short-term.

Students will learn how to:

Prepare financial statements

Provide management accounting information

Use appropriate tools for decision making through a broad understanding of business After successfully completing this level, students will receive the CIMA Diploma in Management Accounting

(CIMA Dip MA).

Certificate in Business Accounting

Chartered Institute of Management Accountants (CIMA) The CIMA Certificate in Business Accounting (Cert BA) will help students with little or no accounting 2012

experience unleash their true business potential. Teaching core business and finance skills beyond simple financial accounting, Cert BA syllabus is the perfect steppingstone towards a career in business and finance. The Cert BA is a qualification and forms a formal entry route into the CIMA Professional Qualification. Once students successfully complete both qualifications and qualify for membership, they will be awarded the Chartered Global Management Accountant (CGMA) designation. Botswana General Certificate of Secondary Education (BGCSE) 2008 48 points- A*, A,A,A,A,A,A,B,B (100% pass rate)

Systems

Risk Based Supervision System (RBSS NBFIRA), GOAML Live-(FIA) SAGE Pastel Partner, QuickBooks, Eagle Investment Accounting System, TCube Investment system, IRESS Xplan Portfolio System, Xero Accounting, Microsoft Excel & Office, Microsoft Office 365, BURS e-services. Prescient Secure Portfolio Online Portal System.

Reference

Ms. Keatlaretse Ntibi

IPRO Botswana (Pty) Ltd

Title: Manager - Operations & Risk

Email: **@****.**.**

Tel: +267-*******/3

Mrs. Clair Mathe-Lisenda (CFA,CAIA)

IPRO Botswana (Pty) Ltd

Title: Managing Director

Email: **@****.**.**

Tel: +267-*******/3

Mr. Watson Masikati