Compliance Manager Finance
Resume:
RUFARO TAUNDI
FINANCE & COMPLIANCE MANAGER
Waterfalls, Harare, Zimbabwe +263-**-***-**** +263-**-***-**** *.******@*****.***
Professional Profile
An experienced finance professional with over 23 years of expertise in the finance field. Skilled in financial management, compliance, tax planning, systems and process improvement, budgeting, and proficiency in a wide range of accounting software packages. Proven track record of success in delivering accurate financial records and making informed recommendations that add value to an organisation. Self-motivated with a strong work ethic, excellent communication skills, and the ability to build effective relationships with stakeholders at all levels. Capable of taking on challenging projects and delivering results on time and on budget. A strategic thinker with a solid understanding of business operations and a knack for finding innovative solutions to complex problems.
Experience
Capital Factor Zimbabwe Finance and Compliance Manager March 2022 - Current
As the Finance and Compliance Manager at Capital Factor, a company that provided money transfers, bureau de change and invoice factoring services to companies of all sizes in Zimbabwe, I am responsible for ensuring the financial health and compliance issues of the organization. I oversee budgeting, reporting, compliance and administration, working closely with the Managing Director, Board Chairman and other senior managers to achieve financial goals. I also work with the finance team to maintain their skills and competencies, and I regularly arrange for training and workshops to stay current with financial trends, compliance and software.
Create financial plans to estimate earnings and costs, providing valuable data to inform strategic decisions and allocate resources effectively.
Divide yearly budgets into monthly or quarterly parts, ensuring that each department receives the appropriate funds to meet their objectives.
Monitor receivables, payables, and inventory levels, enabling the organization to optimize cash flow and maximize profit.
Evaluate potential projects and acquisitions, analyzing the costs and benefits of each option to determine the optimal choice for the organization.
Utilize financial tools, such as forwards and options, to mitigate the risk of fluctuating currency values and interest rates, ensuring financial stability.
Work closely with tax experts to identify tax-saving opportunities and ensure compliance with all local and international tax regulations, reducing the organization's tax liability and ensuring compliance.
Regularly review the skills and competencies of the finance and administration team, identifying areas for improvement and arranging for ongoing training and workshops to keep skills and knowledge current.
As the appointed Board secretary, prepared the board pack and provide expert perspective on financial reports, clarify complex issues, and openly address tough questions during board meetings.
Secure favorable loan terms by negotiating with banks and issuing corporate bonds, maintaining a healthy debt-to-equity ratio and ensuring the organization has access to the capital it needs to grow.
Selected Contributions:
Achieved a reduction in costs of 55% by optimizing financial planning.
Reduced compliance violations to 5%.
Reduce failed payroll error resolutions to zero.
Reduced debtors’ collection cycle from 60 days to 45 days to improve cashflow.
Reduced time of audit from 5-3 months and lessened key audit findings to less than 5.
Improved accuracy of strategic decision-making by 46% through effective costing of products.
AFM in Zimbabwe (Harare East Province - Head Office) Finance and Administration Officer January 2010 – February 2022
As the Finance and Administration Officer at provincial level for AFM Church in Zimbabwe one of the largest Christian Denominations in Zimbabwe and a Not-for-Profit organisation. Reported to the Provincial Overseer and Provincial Administrator and was responsible for developing the firm's financial plan and future goals creating financial reports maintaining detailed financial records executing payroll and budgetary controls for projects, ensuring donor funds are accurately allocated to projects and controlling the daily expenditures and incomes ensuring that everyone follows the firm's financial rules.
Prepared auditable financial statements, monthly reports, and budgets, ensuring compliance with FRS and all regulatory requirements, while also providing comprehensive and accurate information to senior management and stakeholders.
Managed the day-to-day financial aspects and administration, overseeing assets and ensuring they are tracked and accounted for, leading to efficient financial operations.
Supervised and coordinated logistics for conferences, events, and travel, ensuring that everything ran smoothly and efficiently, while also building relationships with vendors and service providers.
Monitored and reconciled expenses in a timely manner, maintaining up-to-date and accurate financial records, as well as identifying opportunities to reduce costs and increase profitability.
Established and maintained a system of internal controls for cash handling, reducing risk and ensuring compliance with regulations.
Built and maintained strong relationships with suppliers, debtors, and service providers, negotiating favorable trading conditions and developing mutually beneficial partnerships.
Selected Contributions:
Managed cash flow for a 5000-seater conference center construction project, ensuring financial stability and zero budget overruns throughout the project.
Improved the financial reporting process by moving 75% of books from manual excel accounts to Pastel.
Build and implemented 5 reporting templates on reporting on donations made for various projects.
Effectively managed stakeholder relationships by engaging, and influencing the senior stakeholders who could affect or be affected by organization’s projects or initiatives, by understanding their needs, expectations, and perspectives, as well as building trust, rapport, and alignment with them.
The Pumpkin Hotel Accountant January 2008 – December 2009
Oversaw all financial functions, including reporting, accounting, compliance, and resource allocation, to ensure efficient operations and minimize risk.
Supervised staff to ensure high-quality performance, efficient workflow, and positive work environment.
Established systems and processes to optimize operations and maintain compliance with regulations.
Monitored performance against objectives and targets to ensure progress towards organizational goals.
Facilitated decision-making and informed business planning through accurate financial information and analysis.
Ensured accurate record-keeping and streamlined processes to promote operational efficiency and cost savings.
Selected Contributions:
Reduced financial risk by 45% through improved compliance with regulations.
Kingdom Hotel Victoria Falls (African Sun Limited) Assistant Accountant July 2006 – December 2007
Supervised and managed a team of 8 finance and administrative employees, driving performance and productivity.
Produced monthly financial reports and analyzed key metrics to inform management decision-making.
Streamlined financial processes, optimizing record-keeping and improving efficiency.
Maintained internal controls and compliance systems, mitigating risk and ensuring regulatory compliance.
Managed cash flow and working capital, maximizing operational efficiency and cost savings.
Prepared annual budgets and forecasts, supporting strategic planning and financial management.
Selected Contributions:
Increased productivity by 36% through training and development initiatives.
Stratia Investments Private Limited Accountant January 2005 – June 2006
Maintained cash book and bank reconciliation, ensuring accurate financial records.
Prepared budgets and forecasts, setting and monitoring targets and analyzing variances.
Maintained general ledger and fixed asset register, ensuring accurate and up-to-date records.
Computerized accounting and sales systems, improving efficiency and accuracy.
Managed and developed accounting staff, driving performance and productivity.
Oversaw company secretarial, tax, and compliance functions, ensuring compliance with regulations.
Selected Contributions:
Saved 40 hours per month through improved efficiency and automation.
Institute of Chartered Accountants of Zimbabwe Finance and Admin Officer January 2005 - December2005
Managed a team of 10 support staff, overseeing performance and efficiency.
Produced and analyzed monthly financial reports, ensuring informed decision-making.
Oversaw human resources and administration functions, driving performance and efficiency.
Maintained fixed assets and financial records, ensuring accurate and up-to-date information.
Maintained internal controls and compliance systems, mitigating risk and ensuring compliance.
Prepared annual budgets and targets, guiding strategic decision-making and ensuring financial stability.
Selected Contributions:
Improved productivity by 29% through targeted training and development.
EY Zimbabwe Accounting Assistant March 2000 – December 2004
Performed accounting tasks such as fixed asset register maintenance, bank reconciliations, and stock counts, ensuring accuracy and compliance with regulations.
Prepared tax returns, calculated tax liability, and ensured compliance with regulations.
Drafted and filed company documents such as annual returns, ensuring compliance with regulations.
Performed audits of clients' accounts, identifying areas for improvement and providing recommendations.
Reviewed financial statements and reported on findings to clients and management.
Assisted with implementing and maintaining financial systems, streamlining processes and improving efficiency.
Selected Contributions:
Reduced errors and discrepancies by 60% through robust internal controls and processes.
Education
Speciss College Project Management Diploma 2024
Pending
Premier Business School ACCA Affiliate 2018
Completed all the 13 modules
University Of South Africa Bachelor of Accounting Science (BCompt) 2003
Pass
Skills & abilities
Proficient in Quickbooks, Belina Payroll, Pastel and Excel
Proficient in identifying, planning, and implementing effective systems and processes to streamline operations
Proven ability to build and maintain relationships with clients, co-workers, and stakeholders
Strong communication skills, both written and verbal
A knack for finding creative solutions to complex problems
Excellent financial management and analysis skills
Effectively ensures a firms compliance with its outside regulatory and legal requirements as well as internal policies and bylaws
Reference
Mr Effort Mtombeni – AFM Zimbabwe
AFM Administrator
+263-**-***-**** +263-**-***-**** **************@*****.***
Mr Munei Chitakunye - Institute of Chartered accountant of Zimbabwe
Formerly Manager
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