Accountant Public
Resume:
Simba Gwata
Chartered Management Accountant
About me
Finance, Audit and Advisory Experience
I have extensive experience and proficiency in
financial reporting, management accounting,
auditing and enterprise risk management (ERM),
tax advisory, budgets, and corporate finance
across various industries. I have also been
involved in systems and procedure
documentation, risk management assessments
and project management.
As a Chartered Management Accountant
(ACMA), Chartered Global Management
Accountant (CGMA), Chartered Secretary
(ACIS) and Registered Public Accountant
(RPAcc(Z)) with over 13 years of professional
accounting and consultancy experience, I bring
in-depth business optimisation knowledge which
adds considerable value to
decision making, thereby organisations can
exploit opportunities and generate value for its
stakeholders over time.
I have been involved in setting up of the
accounting systems, chart of accounts and
recommend improvements thereon for various
start-up organisations.
Sector Experience
I have successfully provided services to
organisations in different industries; including
NGO, manufacturing, real estate, financial
services, mining, technology, consumer goods,
hospitality, farming, pharmaceutical, telecoms
and health industry.
Feb 2011 to
Date
Gender: Male
Location: Harare, Zimbabwe
Email: adn8a2@r.postjobfree.com
Mobile: +263 (0-773-***-***
Senior Manager Finance
Divine Wealth Management Accountants– Harare, Zimbabwe Responsibilities
• Responsible for supporting the clients with relevant financial and non financial information for decision making. Coordinated the activities of the other functional staff. Responsible for the quality control aspects of the projects. My broad responsibilities to clients include: oFulfilment of statutory and regulatory obligations in relation to accounting, statutory reporting, tax and other regulatory compliance.
oMonitoring and reporting on financial and operational performance against planned targets.
oProviding of financial scrutiny to project plans, budgets and spending. oIdentifying risks and advising on the appropriate responses that are relevant and proportional to the size of risk, the organisation and its environment. oManaging, supervising and reporting on the framework of systems, processes and procedures that provide confidence in the safeguarding of resources. oControlling of working capital.
Work Experience
Senior Manager Finance
Divine Wealth Management Accountants– Harare, Zimbabwe Responsibilities
• Participated in the development and delivering of training to finance staff in the financial reporting, business valuations and internal audit areas.
• Successfully led setting up of the Sage Pastel accounting replacing the manual time consuming spreadsheets and provided training.
• Prepared year end Financial Statements in terms of IFRS and relevant statutes and monthly management accounts, budgets, cash flows and forecasts to aid decision making for different companies.
• Defined and designed charts of accounts for organisations for the new reporting solution to provide tailor made financial reports that aid decision making.
• Provided monthly, quarterly and yearly business management information P&L, Balance Sheet, KPIs and board reporting packages including commentary and analysis to managers to assist in decision making and control and provide insight into business performance.
• Coordinate cash flow forecasting for organisations to ensure adequate planning and informed decision making.
• Reviewed bank reconciliations statements on monthly basis to account for every transaction that has been made.
• Successfully led the implementation of inventory control processes. Recommended on how inventory can be properly tracked as well as plan for inventory ordering.
• Provided support to the clients who needed alternative sources of funding to supplement their working capital requirements. Recommended a suitable source of funding depending with the circumstances after preparing cash flow forecast, budgets and business plans as required by the funders.
• Prepared systems manual and procedure documentation for various companies. Managed to improve various processes to monitor compliance and effectiveness of financial controls in line with the organisation’s methodology by identifying, developing and implementing process improvements where needed.
• Ensured the adherence to company policies and procedures systems of internal control to prevent financial loses.
Simba Gwata
Chartered Management Accountant
Gender: Male
Location: Harare, Zimbabwe
Email: adn8a2@r.postjobfree.com
Mobile: +263 (0-773-***-***
Work Experience continued...
Feb 2011 to
Date
Simba Gwata
Chartered Management Accountant
Work Experience continued...
Gender: Male
Location: Harare, Zimbabwe
Email: adn8a2@r.postjobfree.com
Mobile: +263 (0-773-***-***
Senior Manager Finance
Divine Wealth Management Accountants– Harare, Zimbabwe Responsibilities
• Performed monthly financial ratios together with management accounts to evaluate the client organisation’s performance.
• Responsible for month end close processes and ensured the correctness of reconciliations of all key balance sheet accounts including control accounts, journal entries and integrity checks.
• Managed the maintenance of fixed asset records including the fixed asset register.
Tax advisory and compliance
• Provided tax advice to different clients on various occasions and encourage compliance with the tax authorities.
• Interpreted changes in the legislation, statutory instruments and amendments and evaluated its implications for the client’s business, and advised on application of existing legislation to new situations.
• Represented various clients that were being audited by the revenue authority and furnished the authorities with all the information required.
• Performed statutory compliance and remittances including taxes (ZIMRA), pension (NSSA), company secretarial (Registrar of Companies) timeously. Taxes include income tax, witholding taxes, VAT, Paye and capital gains tax.
• Prepared monthly VAT returns and dealing with VAT issues (including VAT inspections).
• Prepared and processed monthly payrolls and paye returns for various clients. Project- Lease Audits and MDA data validation
• Performed lease audits and MDA system data validation regularly to enable the management to rely on MDA reports without being edited in excel. Validated whether the MDA system generated reports agrees with the tenant lease agreements to ensure that the tenant is billed the correct rentable area to avoid over or under charge recoveries. Reported on any irregularities and variances and recommend appropriate action. Improved the client’s systems of internal controls.
ALLURE PACKAGING
SOLUTIONS
Feb 2011 to
Date
Simba Gwata
Chartered Management Accountant
Work Experience continued...
Gender: Male
Location: Harare, Zimbabwe
Email: adn8a2@r.postjobfree.com
Mobile: +263 (0-773-***-***
Senior Financial Consultant
Fairvalue Chartered Accountants – Harare, Zimbabwe Responsibilities
Accounting and financial reporting - Senior Accountant
• Led the Financial Reporting Project at Fairvalue. Whenever the IAS and IFRS changed or amended, the company came up with guidelines and framework that enhances and interprets the meaning and effects of the changes that it used for reporting using a standardized format. Designed the framework to be used and monitored the adoption and proper implementation of the accounting standards across all clients.
• Overseeing the appropriateness of accounting standards selected and implemented for the clients under my portfolio.
• Prepared monthly management reports and consolidated annual financial statements for various companies in terms of IFRS and other relevant statutes.
• Performed month end close activities such as key account reconciliations including bank; trade payables; trade receivables, fixed assets, salary control, processing of relevant journals and provide accurate and timely financial information.
• Created, maintained and reconciled fixed asset registers for different clients including calculation of profit and loss regarding the disposal of assets, impairment, revaluations and transfers.
• Prepared audit files in preparation of external audit, managed auditor relationship and attended to all audit matters raised for reporting purpose.
• Prepared income tax, VAT, payroll- PAYE, withholding taxes and pensions for various clients as per the relevant statutory requirements. Auditing & Internal controls - Audit manager Audit senior
• Planned and executed internal audits extensively for listed and unlisted corporates to provide independent and objective assurance for various clients.
• Budgeted and monitored the financial performance of projects focusing on optimising profitability.
• Managed the projects in all aspects of audit including agreed audit timelines, team briefings and supervision and delivery of audit work.
• Performed walk through tests and test of internal controls on business processes and recommending improvements on identified gaps.
Apr 2007 to
Jan 2011
Simba Gwata
Chartered Management Accountant
Work Experience continued...
Gender: Male
Location: Harare, Zimbabwe
Email: adn8a2@r.postjobfree.com
Mobile: +263 (0-773-***-***
Senior Financial Consultant
Fairvalue Chartered Accountants – Harare, Zimbabwe Responsibilities
Auditing & Internal controls - Audit manager Audit senior
• Designed and tailored the audit programs for various listed and unlisted clients. Internal auditing areas covered include analytical review; compliance checks and data integrity test.
• Prepared and reviewed audit plans and programs to ensure the appropriate coverage was made as per the provisions of the audit charter on a quarterly, half year and yearly basis. Managed audit assignments to meet the audit coverage and requirements and specifications of external auditors.
• Prepared and presented the internal audit reports to the Audit Committees or senior management where applicable.
• Ensured the audit programs focus on the material risks identified for the sections under audit. Ensured that the audit programs were compliant with all relevant internal audit standards and relevant statutory requirements. Ensured that internal audit's scope of work covers and improve all aspects of the organisation's governance and system of internal control, including the management of risk.
• Performed special investigations for various clients as an extension of internal audit work.
• Designed and maintained policies and procedures for various clients.
• Implemented internal controls and financial risk management strategies. Corporate finance and Advisory – Financial Advisor Finance Analyst
• Performed business valuations for various clients using methods such as PE ratio, discounted cash flow, discounted free cash flow, net asset valuation and super profit valuation method.
• Purpose Asset Management - valuation purpose was for the purpose of raising additional capital.
• Superior Holdings - valuation purpose was to establish the fairvalue of the company’s shares for the purpose of winding up.
• Makonde Industries’s valuation was for the purpose of paying out exiting shareholders.
• Baines Avenues (Private) limited - valuation purpose was for the outright acquisition or an injection of capital so as to acquire a significant stake. Apr 2007 to
Jan 2011
Simba Gwata
Chartered Management Accountant
Work Experience continued...
Gender: Male
Location: Harare, Zimbabwe
Email: adn8a2@r.postjobfree.com
Mobile: +263 (0-773-***-***
Senior Financial Consultant
Fairvalue Chartered Accountants – Harare, Zimbabwe Responsibilities
Corporate finance and Advisory – Financial Advisor Finance Analyst
• Performed employee share option valuations for Seedco and TA Holdings. Provided clients with the journals on how to account for them in the Financial Statements retrospectively and prospectively. Performed sensitivity analysis on the volatility and discount rate.
• Led planning processes and budget preparation for the Ministry of Economic Planning and Investment Promotion for its 5 year Medium Term Planning (MTP) and provided a framework of medium and long term planning. The MTP was an encompassing and comprehensive strategy which integrated pro-poor development issues and earmarked to serve as a framework for sustainable economic recovery and growth. Was allocated three ministries.
• Conducted due diligence reviews for various clients. Chartered Global Management Accountant (CGMA)
American Institute of CPA’s (AICPA) (USA) & CIMA (UK) Associate Chartered Management Accountants (ACMA)
Chartered Institute of Management Accountants (CIMA)(UK) MSc Degree in Banking and Financial Economics (MBFE) National University of Science and Technology (NUST) (ZW) Associate - Chartered Secretary (ACIS)
Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) (ZW) Registered Public Accountant (RPAcc (Z))
Public Accountants and Auditors Board (PAAB), Zimbabwe Bachelor of Commerce in Finance
Zimbabwe Open University (ZOU) (ZW)
O-Levels & A-Levels (ZIMSEC) – Zimuto High & Makumbe High School (ZW) Education
Completed
Apr 2007 to Jan
2011
Simba Gwata
Chartered Management Accountant
Gender: Male
Location: Harare, Zimbabwe
Email: adn8a2@r.postjobfree.com
Mobile: +263 (0-773-***-***
Management skills
• Motivating
• Communication
• Problem solving
• Delegation
• Planning
Software skills
• MS Office (Excel, Word & PowerPoint)
• Sage Pastel Accounting
• Stock Broking system (SBS)
• QuickBooks
• Sage HRM & Payroll
Soft skills
• Interpersonal
• Communication
• Presentation
• Initiative
• Creativity
References to be provided on request
Skills
References
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