CREDIT RISK MANAGER
FIRST NATIONAL BANK
Total years of experience :17 years, 5 Months
I AM CURRENTLY A CREDIT RISK MANAGER AT THE BIGGEST BANK IN SOUTH AFRICA. I DEAL WITH HIGH RISK CLIENTS AND CLIENTS IN THE REGION OF 40 MILLION +
LAND BANK as a Junior Financial Manager on a full-time basis and my duties included:
• Managing all staff reporting to this position
• Provide support with the budgeting process
• Review sections and schedules for Management reports
• Review of SAP journals and transactions
• Liaison with external and internal auditors
• Assist with preparation of Annual Financial Statements
• Ensure adherence to financial processes, procedures and policies
• Review of monthly reconciliations and income statement analysis
• Ensure compliance with applicable legislation
• Attend to client write-offs and insolvency process on SAP
• Investigation of Loan Book entries
• Assist with preparation of training manuals
• Maintain full control of Land Bank’s fixed assets register on SAP
• Provide monthly recon pack for fixed assets
• Assist with annual verification of fixed assets
• Managing Asset movements and accounting entries on SAP and excel
• Monitor adherence to CAPEX
• Ensure recording of Fixed Assets comply with IFRS and GAAP.
• Review of Fixed Assets monthly reconciliations
• Monitor Assets Under Construction(Intangible Assets) and capitalisation thereof
• Ensure Asset Policy is in compliance with IFRS and other statutory requirements
• Manage and monitor useful lives of all assets
• In the absence of the Finance Manager represent Finance in meetings to discuss the Variance Report, and/or any other Finance related matter
• Attend staff meetings and occasionally attend EXCO meetings and provide meaningful input
• Ensure that ALL monthly invoices are obtained, submitted and tracked for payment, timeously on SAP
• Track and follow up on AFC commitments in consultation with the buyers
• Maintain a schedule of monthly accruals with notes tracking progress
• Perform any other Finance related tasks assigned by the Finance Manager
• Part of the Retail Credit Committee and review/decision making regarding all types of loans
BMW SOUTH AFRICA as Senior Project Accountant for a contract period of 4 months and my duties included:
• Financial Process Reengineering
• Project Initiation
• Analyse financial processes within the F-3 division. Identifying key financial processes and reporting cycles
• Identify potential areas for improvement within the identified cycles or areas
• Document all processes and write the related user manuals
• Measure and report results of the specific projects to the F-3 management on an ongoing basis
• Compiling and processing of year end accrual
• Organisation of project teams to manage the implementation of recommendations identified
• Management of the financial reengineering processes in order to ensure efficiency
• Various ad-hoc function
MARLEY ROOFING as a Financial Accountant for a period of three months and my duties included:
• Full control of creditors function as backup
• Review of weekly wage payroll
• Preparation of monthly management accounts
• Assist with annual financial statements
• Reconciliation of General Ledger Accounts
• Assist with preparation of annual budget and quarterly forecasts
• Backup for critical day to day processing
• Backup for ETEX reporting
• Treasury function
• Audit preparation
• Assist with tax computations
• Control and processing of fixed assets
• Internal controls and identifying key financial process and reporting cycles
• Project management of specific projects
• Monthly stock take - finished goods and raw materials
• Quarterly and annual surveys - stats SA, reserve bank etc.
• Monitoring and control of breakages/losses/variances
• Investigation and reporting on discrepancies e.g. inefficiencies.
Articles:
Worked on the following clients (Auditing, Financial Statements and Debtors, Creditors, Bank, Payroll Cycle):
• Africa Business News (Pty) Ltd
• Clientele Insurance
• Southern Sun International
• FEDHASA
• Convergence Partners Management
• Criterion Equipment
• Easigas (Pty) Ltd
• Goldfields (Pty) Ltd
• Inroads Multimedia (Pty) Ltd
• Jay & Jayendra (Pty) Ltd
• Mogale City Municipality
• VW South Africa
• Nelson Mandela Foundation
• Pareto Liberty Life Ltd
• Nissan
• CNBC Africa
• Sandton Islamic Association
• Tshwane University of Technology
• Vaal University of Technology
• Zurich Insurance Company
My duties included but were not limited to:
Accounting function:
Auditing of the following sections:
Accounts Payable
Accounts Receivable
Payroll
Property, Plant and Equipment
Inventory
Bank and cash
Statutory records
Recommended journal entries to clients when incorrect entries were made in their accounting records
Auditing Function:
Performed tests of controls and substantive risk procedures regarding entities operations.
Involved in the planning and completion of an audit
Obtaining and understanding of the clients accounting systems and internal controls.
Coaching junior staff members regarding various sections of the audits
Reporting Function:
Preparation of year-end financial statements, monthly recons and monthly budgets for clients.
Preparation of audit reports for clients, engagement letters and management representation letters.
Risk & Assurance Management Function:
Preparation of risk analysis frameworks for prospective clients.
Preparation of business frameworks for key risks that could be associated to clients.
Preparation of management reports to clients and assessed risk associated with accounting principles/controls.