Management Accountant
Engen Ltd
Total years of experience :16 years, 1 Months
Reports to : Finance Manager
When I joined Engen, I was tasked to work on Payables, the challenge was that numerous transactions were not processed in SAP dating back to 2014. This lead to huge debit balances of the accounts payables and control accounts (GRIR). Another challenge was a baffling number of post factos and myriad complaints from suppliers of non-payment due to lost documents (invoices). I executed timeously within a short period, I and with the team I found, managed to clear the back log of more than two years and accounts reflected the updated state of affairs.
Duties and Responsibilities
•Prepare all the books of accounts as required by the law and management.
•Analyse and reported on the performance of the company, both financial and non-financial aspects.
•Prepare management accounts
•Manage and analysed Accounting records
•Manage Budgets and budgetary controls
•Manage working capital (Receivables, Payables and inventory and cash)
•Manage cost of finance
•Reconcile General ledger & sub ledger
•General supervision and administration of the finance department and other departments
•Responsible for compliance of the tax law, such as PAYE, WHT, VAT, FBT, etc.
•Analyse and reconciled Income Tax returns
•Prepare audit schedules and handled external auditors.
•Perform Cash flow forecasts, etc.
•Scrutinise Investments in subsidiaries & associates
•Manage staff Performance
A&R Project Management and Business Solutions - Provided capacity to the College staff to ensure seamless operations of the Financial Aid Office. Working with project team, overseeing the delivery of all \[College NSFAS Bursary\] to strict standards, budgets and deadlines.
I was head of finance section, never the less I was responsible for other sections as well; looking after not less than 20 people. Was assigned with other duties from related entities as required by group management. I took over the responsibilities of the finance director since he resigned and management saw no need of replacing him with another person from outside.
•Prepared book entries up to Trial Balance.
•Prepared management accounts
•Managed and analysed Accounting records
•Managed Departmental financial performance analysis
•Supervised Receivables, Payables Sections
•Managed company debts with various banks.
•Overseer of other related party business to group management
•Headed internal audit functions of other subsidiaries including a Coal mine business.
•Scrutinized Investments in subsidiaries & associates
•Managed all taxes (PAYE, WHT, VAT, FBT)
I was responsible for the finance section - for the duties listed below. Never the less I am assigned with other duties from related entities as required by group management.
o Preparation of all the books of accounting records as required by the law and the management.
o Analyzing and reporting on the performance of the company, both financial and non-financial aspects.
o Reporting of financial and management accounts as required by management
o Budgeting and budgetary controls
o Managing and maintaining of the receivables and Payables
o All Treasury and bank operation.
o General supervision and administration of the department
o Responsible for compliance of the tax law, such as PAYE, WHT, VAT, FBT, etc.
o Preparation of audit schedules, and handling external auditors.
o Assist Finance Director in the preparation of annual budgets.
o Any other job required for the effective discharge of the responsibility as an accountant
o Performance of other relevant duties assigned by the management.
o Financial Management, cash flow forecasts, etc
I spearheaded the formation of regional accounts offices that looked after the central and northern regions of Malawi. There was immense customer satisfaction by providing them timely receivables statements and improved cash flow position of the company.
o Prepared and maintained accounting files for internal and external customers
o Supervised invoicing and ensured customers paid all balances due
o Reviewed financial statements of customers and assessed their credit worthiness.
o Handled customer’s complaints and maintained cordial relationships
o Supervision of debtor’s section
o Ensured recording of all goods delivery notes were invoiced and not missed out.
o Ensured timely filing of tax returns and payments there of
o Prepared debtors listing and allocate staff for debt collection
o Debtors accounts reconciliations
Prepared and maintained accounting files for internal and external customers
o Supervised invoicing and ensured customers paid all balances due
o Reviewed financial statements of customers and assessed their credit worthiness.
o Handled customers complaints and maintained cordial relationships
o Supervision of debtors section
o Ensured recording of all goods delivery notes were invoiced and not missed out.
o Ensured all receipted cash was banked
o Processing debtors listing and allocate staff for debt collection
o Debtors reconciliation
courses: in Financial Accounting
