Lulamile Lennox Mofu

Key Skills Profile Summary

Strategic Financial Planning &

Analysis

Statutory Audit

Internal Audit

Corporate & Indirect Taxation

Compliance & Contract Management

Business Partner

Supply Chain & Procurement

Management

IFRS & GAAP Reporting

Commercial IT & Support

Project Management

IT Skills

Windows, MS Office (Word, Excel

and PowerPoint)

SAP ECC & BW (GL & Reporting)

Hyperion & Cognos

I am a senior finance executive with a high degree of commercial acumen, business and people leadership skills across Pharmaceutical and Banking industries for over 20 years.

I derive energy by finding solutions to the strategic and business challenges every day. I have an interesting blend of experiences in both business finance and commercial operations which is useful to create solutions to business challenges and help to question the status quo. I am energetic while calm, resilient and empathic and often willing to take calculated risks. I have hands-on expertise in setting up functional entities in a multinational organization and have transformed non-integrated functions into a cohesive high- performance team with clear measurable contributions to the line of business. I am currently working as Financial Controller, Region Africa for Abbott Laboratories, the global leader in Core Diagnostics and looking for broader C- level opportunities in purpose driven organization. Advanced SAP ERP user & strong Presentation skills. Qualifications:

o Current: CIMA Strategy level (ongoing)

o 2014: CIMA - Advanced Diploma in Management Accounting

(Complete)

o 2007: MBA – Athens Laboratory of Business Admin (ALBA) Business School (complete)

o 1998: Bachelor of Commerce – Fort Hare University (complete) Soft Skills

Career Timeline

Jan’19-Sep’07 Oct’07 – Oct’21 Jan’22 - current

Communicator Innovator

Thinker

Collaborator Intuitive

Abbott Laboratories

PTY Ltd, SA

Novo Nordisk PTY Ltd, SA & Novo

Nordisk Pharma Gulf, LLC-Dubai,

UAE

Standard Bank & First

National Bank, SA

Work Experience

Financial Controller Africa Region: Jan’ 2022 - Current Abbott Laboratories (PTY) Ltd, Diagnostics Division, South Africa. Key result Areas:

o Leading the development of short- and long-term strategies, objectives, plans and co-ordinate the implementation of agreed financial plans in all areas of the Company. o Develop Financial and logistics plans in accordance with the long -term strategic plan. o Management of people including supporting the rest of the business. o Prepare, coordinate and report the divisional monthly results to local and Area management for Africa Region.

o Ensure compliance with all internal as well as external policies and procedures including FCPA, IFRS, compliance and quality.

o Provide key support to senior management in providing plan, update and latest business estimate

(LBE) input. (Including sales forecasting process.) o Manage all processes related to Order Entry, purchasing and Customer Service (Logistics). o Ensure monitoring of DSO and receivables in line with approved plans/updates o Ensure capital purchases (RCE) and HC reporting in line with procedures and plans/updates. o Support management in decision making by contributing and assisting as Finance partner. Give advice and ensure proactive participation.

o Utilize Performance Excellence to set expectations, give feedback and coach in developing employees. o Provide financial, order entry and logistics support to other divisions (AMD & Transfusion). o Ensure compliance with Financial Procedures relating to requests for Capital of a financial nature and conducting post completion audits of all financially justified requests. o Develop Basic Operating Procedures for all functions and ensure that they are updated on a regular basis.

o Ensure compliance with all Quality and ISO requirements on an ongoing basis o Prepare, coordinate and complete various submissions by due date both locally and to Area. o Ensure monthly recons are completed and are clear and concise. Work Experience

Finance & Operations Director: Nov’ 2018 – 30th Oct’ 2021 Novo Nordisk (PTY) LTD, South Africa

Key result Areas:

o As Finance & Operations(F&O) Director my key responsibilities is to initiate, devise and implement policies and processes to enhance the financial and operational performance of the company in accordance with affiliate’s strategic objectives.

o Responsible for optimizing the financial resources of the company and drive effective resource allocation in line with company’s strategic priorities and objectives. o As a member of the Affiliate Management Team, I am jointly responsible for the Affiliates results. o Trusted Business Partner to the local VP & General Manager & Management team members by providing accurate financial and operational guidance. o Responsible for providing financial analysis and/or information to commercial units for effective business decisions thus ensuring a sound basis for financial decision making. o Drive key strategic projects in collaboration with commercial team. o Ensuring strong and reliable budgeting and forecasting. o Lead monthly, quarterly and yearly reporting ensuring high quality reporting. o Ensure stringent internal controls are developed and maintained according to local & global standards.

o An active member of Business Area Middle-East, Africa & CIS F&O Leadership Team. o Responsible for ensuring the development and maintenance of positive relationships with internal & external stakeholders to ensure an efficient and effective value chain setup. o Business partnering with commercial team to define and drive implementation of the future value chain setup that supports the strategy of the affiliate and the social responsibility commitment of Novo Nordisk.

o Ensuring optimal resource allocation and investments that provides highest possible return on investment.

o Develop and couching finance & operations team.

Work Experience

Finance, Legal & IT Head: Mar’ 2016 – Oct’ 2018

Novo Nordisk Pharm Gulf Co L.L.C., Dubai, UAE

Key result Areas:

Responsible for 49 countries in Sub-Saharan Region, which are segmented into three sub-regions: East & Southern Africa, French West & Central Africa and Nigeria & Ghana. Financial Management

o Provide and interpret financial information

o Monitor and interpret cash flows and predict future trends o Analyse change and advise accordingly

o Analyse the Affiliate’s financial needs and develop systems for controlling expenditures o Review & Approving financial returns on a timely basis and relevant supporting documents o Monthly maintenance of accurate schedules and reconciliations for the audit process o Manage all financial controls and accounting operations including general ledger, billing, logistics, revenue recognition and financial reporting.

o Ensure quality control over financial transactions and financial reporting to minimize risk o Develop and document business processes and accounting policies to maintain and strengthen internal controls

o Timeous release of payments to suppliers and other stakeholders, including payroll and supplier payments

o Review & Approve monthly statutory payments to be made before deadlines to avoid penalties o Authorising payments – only valid company expenditure paid, supported by appropriately authorized valid invoices and creditor reconciliations. EFT signatory and payment authorizer o Proper implementation of IFRS and group accounting policies o Accurate allocations between cost centres, GL accounts and Intercompany chargebacks. Financial Planning and Budgeting

o Review and Approve Monthly cash flow forecast and cash management o Reconciliation of GL balance sheet accounts – accurate reconciliation with the correct supporting documentation

o Formulate strategic and long-term business plans o Manage company's financial accounting, monitoring and reporting systems o Prepare monthly cash flow for the organization and report on variances to budget o Supervise monthly payroll, supervise bank reconciliations, petty cash, expenses and supervise monthly VAT returns

o Preparing accurate budgets and financial forecasts o Accurate reporting of budgeting and forecasting

Reporting

o Meet monthly reporting deadlines with adequate explanation for variances o Timely and accurate completion of Monthly Management Reporting (MMR) and cash reporting packages

o Assist with the preparation of year end consolidation and statutory financial statements o Timely production and publishing of accurate internal financial reports to specific deadlines Customer Relationship Management

o Develop and manage external relationships with appropriate contacts, e.g. lawyers, government institutions, banks and distributors.

o Develop and maintain relationships with bankers – effective network of bank specialists to enhance cash management

o Liaise with, and provide support to, external auditors. Provide all required information and adequately address PwC management comments

Legal, Quality and Standards

o Maintain and improve the internal control environment within Middle Africa. o Knowledge and application of group policies and procedures and good practice o Keeping abreast of changes in financial regulations and legislation to ensure compliance Supply Chain & Logistics

o Develop a robust Supply Chain process between Logistics and Regulatory Affairs o Support logistics as to ensure efficient and timely supply of products to our distributors across all countries.

o Drive monthly S&OP meetings to understand the stock holding levels of our products at distributor levels and mitigate expiries at distributor levels. o Look for opportunities to reduce distribution costs across Middle Africa. o Look for opportunities to reduce distributor margins in order to remain competitive in all our markets.

o Foster a cross functional collaboration with line of business to explore new markets. o Drive a high forecast accuracy level through monthly S&OP meetings. o Ensure a good collection pattern from all our customers so as to improve average DSO. o Ensure that Regulatory Affairs updates RIMS system timeously with registration requirements for each country.

Leadership, Training and Development

o Staff supervision, mentorship, training, motivation and guidance o Ensure the department works effectively and efficiently and all queries are handled timeously o Measurement of team’s outputs against timelines and requirements that have been set o Perform bi-annual performance evaluations of the team. Work Experience

Senior Finance Manager: 0ct’ 2007 – Feb’ 2016

Novo Nordisk (PTY) LTD, South Africa

Key result Areas:

o Responsible for managing all finance operations, internal & external auditing, month-end & year-end closure to corporate accounting

o Designated as the public officer of the company & secretarial duties o Defining performance standards across all functional areas and periodically reviewing performance with application of concurrent management audit procedures o Examining & evaluating all systems to ensure that records are accurate & controls are adequate to safeguard against fraud / misrepresentations

o Responsible for indirect tax monthly reporting including monthly VAT tax returns, provisional corporate tax returns and corporate tax reporting to HQ o Preparing budgets and controlling finance coupled with planning, forecasting & allocations o Conducting daily cost analysis including price variances, process order variances and margin review o Planning, organising & managing the internal procedures & resources to ensure maximum productivity, quality, utilisation and timeliness

o Resolving issues pertaining to accounting systems and developing new technical systems & procedures

o Responsible for effective sourcing & contract coverage reporting, local statutory reporting, due diligence and ensuring strict adherence to all legal, regulatory and company policies, controls and standards

o Overseeing the global and local insurance renewals including cargo marine, property damage, directors & officials’ liability, public & product liability, goods in transit, SASRIA, company vehicles, it equipment, fidelity guarantee and travel insurance policies o Accountable for IT Support, administering premises, managing company fleet and communication services

Work Experience

Finance Manager: May’ 2004 – Sep’ 2007

First National Bank (FNB), South Africa

Key result Areas:

o Started as a Financial manager in the Scion (Division Of First Rand) and moved to the procurement department in Nov 2004, followed by the Balance Sheet Management/ Core Banking Services in Aug 2005

o Responsible for providing 100% accurate financial reports, with focus on identifying trends, risks and opportunities

o Accountable for margin optimization, improving margins across products, variance identification, reporting, evaluation and response formulation

o Managing overall GL reconciliations, participating in the pricing strategy, monitoring pricing compliance and running the Commercial Balance Sheet Activity Forum o Attending key meetings and leading discussions on the financial performance of corporate departments

o Proficiently improving the operational systems, processes and policies in support better management reporting, information flow & management, business process and organizational planning o Providing decision support to senior management in the creation of business reviews and ad-hoc analysis

o Implementing risk identification & control measures and supporting key internal & external relations o Co-ordinating and checking interest claims for accuracy and authorization for payment Work Experience

Assistant Management Accountant: Apr’ 1999 – Apr’ 2004 with Standard Bank of South Africa LTD, Johannesburg, South Africa

Key result Areas:

o Responsible for preparing monthly financial planning timetable for Operational Services, monthly reports on headcount, CAPEX, OPEX and Recoveries and monthly variance commentaries o Distributing monthly balance sheet for Operational Services to internal audiences, assisting the Management Accountant and approving all ARIBA orders on behalf of the Financial Manager o Implementing operational systems and processes, focusing on cost efficiencies and service improvements

Graduate Program

Jan’99 – Mar’04 with Standard Bank of South Africa LTD, Johannesburg, South Africa Skills & Personal Achievements

Other Course/Training

Compliance & Corporate Governance

FICA and FAIS awareness training

Principles of Project Management

Leadership Empowerment and Diversity (LEAD) – Turner Harper & Associates Mentorship and Leadership for Competitive Advantage - Turner Harper & Associates King Commission, Corporate Governance

Negotiations & Conflict Management.

MS Office: Word, Advanced Excel & PowerPoint presentation Advanced Presentation skills

SAP ERP Super User; Cognos & Hyperion Proficient User. Personal & Career Achievements

2019: 3PL/Distribution Project savings (R60m over 3 years) 2019: Strategic Partnership Savings (R10m over 3 years) 2017: New Business Development in Angola ($5m)

2016: New Business Development in Nigeria & Ghana ($5m) 2013: Novo Nordisk Employee of the Year

2006: International MBA Scholarship Award

1999: Standard Bank Graduate Program

1997: UN & EC Economic Development Bursaries

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