Musonda Ashley Masase

Outline Hold the responsibility of strategically aiding the executive team of Bestlife Insurance, a start-up life insurance company, with the establishment and successful running of the business in the competitive insurance industry. I also hold position of Chair in the companys Finance and Investments Committee.

Outline To take charge of the financial health of a company or organisation. Producing financial reports and developing strategies based on financial research. Guiding senior executives in making sound business decisions in the long and short term.

Key Responsibilities
• Supervise the daily functions and staff under the finance department
• Track the companys financial status and performance to identify areas for potential improvement
• Ensure statutory obligations are submitted and paid before the due dates
• Oversee timely preparation of management and financial reports.
• Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making
• Present financial reports to board members, stakeholders, executives, and clients in formal meetings
• Prepare and recommend procedures and policies for maintaining accounting controls
• Ensure that reconciliations for all accounts are done monthly
• Establish and maintain financial policies and procedures for the company
• Monitor and criticize staff emoluments, contributions, and benefits.
• Ensure compliance with the IFRS, IAS and Public Accounting Act standards
• Ensure that all audit queries are attended to and resolved within the stipulated time.
• Establish and maintain financial policies and procedures for the company
• Supervise departmental staff
Achievements

• Assisted the Chief Financial officer as point person in the external audit which led to unqualified opinions in 2020 and 2021.
• Took part in the implementation of a new company organogram, in order to meet operation efficiency.
• Led the transition of banking procedures from physical to online, easing business activities.
• Took point in the implementation of a new banking software, ensuring all transactions are recorded correctly behind the interface.
• Acted as Chief Financial Officer on multiple occasions for administrative convenience

Outline To assist PSMFC management with financial planning, budget monitoring and credit and financial analysis of institutional financial and credit operations. To supervise the assistant accountants in the credit and finance department, while reporting directly to the Finance Manager.

Key Responsibilities
• To produce quarterly reports on budget performance, loan disbursements and performance and financial analysis for management use.
• To supervise the assistant accountants in credit and finance. In credit, to ensure loans are disbursed and recovery schedules are delivered on time and loans are insured accurately. In finance, to ensure payments and receipts are processed efficiently with all supporting documents present and the accounts are reconciled in a timely manner.
• To monitor PSMFCs 6 term deposits and liaise with the Finance Manager and Chief Financial Officer on revolving terms of each upon maturity.
• To submit statutory returns before the monthly and yearly deadlines
• To be a member of internal and external audit query response team.

Achievements
• Awarded on Labour Day for hard work and dedication to duty. (Labour Day, 1st May 2020)
• Sub-led the credit team to disburse over 1, 000 loans in the first 5 months of 2020, during the COVID-19 pandemic.
• Ensured all accounts are reconciled monthly before the 5th day of the next month.

Outline Supported PSMFC operations with processing payments and receipts, posting and management of the general ledgers and liaison with the companys bank and report directly to the Management Accountant.

Key Responsibilities
• Made payments from voucher preparation to delivery to the bank and receipt client and government repayments toward loans.
• Prepared the monthly bank reconciliation before the 10th of every consecutive month.
• Assisted in preparing the annual financial statements.

Achievements
• Awarded Labour Day Award for hard work (Labour Day 1st May 2017)
• Processed all payments and receipts, and reconciliations for the companys twelve (12) accounts.

Outline Performed field work to collect data, analyse and report from Zambian Citizens for the 2010 National Census.

Key Responsibilities
• Collected, analysed and reported data from 500 residences in the outskirts of Ndola, Copperbelt Province, Zambia.

Achievements
• Completed the data collection with two (2) weeks
Other Roles