Vengai Mukwati

I performed the following responsibility

*Corporate Strategic Planning by giving advice on business strategies that suits the Zimbabwean market.

*Financial Management by Managing financial planning, payments, budgeting and forecasting and project cost administration

*Project Financial Management by participating in Budgeting and Budgetary Control for various Fibre-Optic and Base Stations Construction Projects for Tel-One Zimbabwe and Telecel Zimbabwe

*Audit & Risk Management by Facilitating periodic compliance and operations audits in terms of policy, Liaison with external auditors, Attending to external Audit recommendations Identifying and prioritising high risk areas, Ensuring availability and adequacy of systems & controls, Ensuring compliance with legal and regulatory frameworks relating to operations.

*Fixed Assets Management by Reviewing of fixed assets management, Reviewing updates of Fixed Assets Register, Reviewing depreciation calculations, transfers, acquisitions and disposals.

• Production on time of comprehensive, accurate financial statements for internal requirements as guided by relevant International Accounting Standards as well as the following reports; Monthly Management report summarising performance, position, cash flow, Weekly and monthly divisional performance review with emphasis on general business environment with regard to market share, productivity and strategy, Monthly stock valuation and stock variance report, Daily Situation Report, Weekly Gross Profit analysis, Monthly Financial analysis comparing present performance to preceding period, budgeted and forecasted, Costings for all imported and locally manufactured products

• Preparation of the Annual Budget and quarterly forecasts.
• Maintaining an updated Asset Register to ensure fair reporting on Non-current Assets position
• Assist in establishing financial objectives and monitoring progress towards these objectives and recommend strategies for enhancing growth, cash flow self sufficiency and profitability.
• To oversee General Ledger (G/L) ensuring all necessary reconciliations are done, with completeness and accuracy in line with the audit pack for filing in the audit file.

Principle accountabilities
• Prepare project budgets together with the respective Project Engineers
• The recording of all allowable income and costs and the review and control of actual costs incurred and revenue raised on contract by contract basis into NAVISION 6.

Other Duties
• Capture allowable costs and ensure that actual expenditure is within the project allowables on;
o goods and services procured directly for projects via Requisitions, purchase orders and Kit-Ups and vetting the requisitions and purchase order coding
o goods and services ex stock
o transport (logistics)
o formulation and processing of internal recoveries including labour, transport, plant and machinery
o in-country expenses and their allocations i.e. accommodation (offices, warehouses and staff), fuel and all other outsourced costs
• Capture budgeted revenue and ensure actual revenue is within the budget reconcile Pro-Forma invoices, shipping (commercials), normal claims and advance payments
• Process payments in foreign currency and national, Release of guarantees as well as retention of guarantees.
• Contract termination
o Closing contract discipline (WIP to Income statement)
o Reporting summary of each term contract
• Responsible for filling of all documentation regarding the activities under my responsibility and to comply with any further instructions or requirements of a reasonable nature that may be given by senior management from time to time

Principal accountabilities:

-prepare monthly profit and loss accounts and Balance Sheet capturing them into the group reporting package called Safire.
-to oversee general ledger reconciliations, construction and maintenance of the Audit File.
-to supervise costing for product pricing and stocks valuation on closing stocks for the Trading Account and B/Sheet.
-Transfer of senior staff salaries through Zimbabwe’s Paynet
-supervise fixed asset register maintenance making updates on disposals, joint ventures and acquisitions.


-----prepare monthly and or on request;

-profit margins analysis and variance analysis reports.
-Revenue and expenditure plans relevant enough for the hyperinflationary environment that existed in Zimbabwe.
-participate in the revaluation of stocks for reporting purposes with the assistance of the finance manager.
-preparation of quarterly budgets and forecasts.
-supervise preparation of Statutory Returns (VAT, PAYE, NSSA, QPD’s, Income Tax)
-any requested executive meetings reports together with the board pack.
-supervising a team of clerks for effective management of creditors, stocks, costings and debtors
-performing public officer duties on statutory returns and company secretarial roles in the absence of the Finance Manager.

Principal accountabilities:
-Assist in preparation of management accounts & financial accounts for the organisation on a monthly, quarterly and annual basis using Syspro V6 and input the figures into a financial reporting system called Safire for consolidation into Sara-Lee Group of accounts in Chicago USA.
-Assist in Capturing budgets and forecasts into the Group Reporting Package called Safire.
-Reconciliations: Performing and supervising General ledger Reconciliations.
-Fixed Asset maintenance: Monthly additions, Disposals, Physical asset verification Asset encoding
-Ensure that Inter-company schedules are accurately compiled, reconciled, agreed to and recoveries made in time.
-Lead and ensure best practise within the accounting personnel.
-Assist in ensuring the attainment of clean audit reports by complying with the relevant accounting standards.\{External audits by PwC and internal audits by KPMG\}
-Assist in making sure that compliance with statutory returns is adhered to.\[PAYE, VAT, Pensions, Surtax\]
-general administration work including fuel allocations and reconciliations.

Responsibilities Involved:


-Payment request schedule preparation as well as the daily cashflow situation and status report.
-Group creditors invoice processing, GRV, GRN and balance confirmation.
-Creditor reconciliations for foreign and local suppliers.
-Processing of creditors payments to the cashbook and reconciling using Navision.
-Preparation of exchange gain and loss schedule after foreign creditors’ payment.
- Maintenance of creditor’s ledger/listing and filing of all other relevant documents and liaising with creditors to resolve any queries.