Veloo Naidoo

Group Finance Executive at Eskom

• South Africa - Johannesburg
• April 2000 to September 2016

• Leverages data analysis and forecasting skills to support decision-making and achieved greater than 94% budget accuracy.
• Streamlined and monitored month-end close processes, working closely with IT engineers to reduce the time needed to do month-end close from 10 to 5 days.
• Organized accounting leader with 30 years of industry success. Instituted a centralised cash management system to 25 Finance and operations team and built an investment reserve of R8.5b over three years.
• Championed the yearly audit process of 6 divisions, 9 JV’s, 12 subsidiaries and 1 Associate of Eskom Enterprises Group by coordinating with 125 auditors and management staff to ensure timely completion.
• Worked closely with executive management team of eight to grow global investment within the group companies. Assessed the equity investment model and designed an investment strategy that increased shareholder value by 18 %.
• Spearheaded the implementation of financial consolidation application system that enhanced the quality and integrity of group management reports by 93% accuracy.
• Compiled a risk measurement framework and a monitoring system to mitigate business risks, significantly reduced fines and penalties to zero.
• Guided and coached the group’s 125 financial team on matter of governance and operations also advised and supported emerging business. Oversee and advice executive management on matters of corporate governance, ethics and other pertinent laws and regulations.