Thulani Sifuya
Slough,United Kingdom
Summary
Seasoned Accountant with strong background in financial analysis, budgeting, and reporting. Demonstrates exceptional ability in streamlining processes, reducing costs, and ensuring compliance with regulatory standards. Expert in utilising accounting software and tools to enhance operational efficiency. Brings strategic approach to financial planning, contributing to significant business growth and stability.
Overview
1
1
Language
28
28
years of professional experience
Work History
Accountant
Tivaam Ltd
Windsor, United Kingdom
04.2023 - Current
- Managed financial accounts, reconciling bank statements and monitoring cash flow to maintain accurate records.
- Managed accounts payable and receivable, ensuring timely settlement of invoices and maximising cash flow.
- Managed comprehensive financial reporting, including profit and loss accounts, to support strategic decision-making.
- Coordinated month-end and year-end close processes, ensuring accurate and timely financial reporting.
- Managed the year-end close process, ensuring timely and accurate financial statements for stakeholders.
- Produced monthly and year-end closing statements, financial documents and invoices.
- Prepared detailed monthly management reports, highlighting key financial performance indicators.
- Reported on operating income, expenses against budgets and forecasted trends.
- Completed detailed reviews of accounts and bookkeeping records to verify compliance with standards.
- Established procedures and controls to keep staff in compliance with accounting standards, regulatory requirements and budget targets.
- Kept internal financial controls aligned with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
- Maintained updated chart of accounts following correct procedures and including current, accurate details.
- Oversaw payroll processing, including deductions, allowances, and tax calculations, to maintain accurate employee compensation.
- Oversaw payroll operations, ensuring timely and accurate salary payments to all employees.
- Negotiated with suppliers to secure favourable terms, resulting in significant cost savings.
- Delivered financial training sessions for non-finance staff, enhancing organisational financial literacy.
Board Member / Audit committee chair
ParksMed Health Fund
Harare, Zimbabwe
01.2021 - 01.2023
- Chaired audit committee, maintaining compliance with regulatory standards and fostering a culture of accountability.
- Reviewed and approved financial statements, ensuring alignment with organisational objectives to enhance financial integrity.
- Enhanced internal control systems, improving transparency and accountability by 20%.
- Provided strategic direction on budget planning, reducing resource wastage by 15%.
- Collaborated with stakeholders to develop policies that strengthened financial sustainability.
Senior Accountant
Parks and Wildlife Management Authority
Harare, Zimbabwe
02.2019 - 01.2023
- Managed comprehensive financial reporting, analysis, and consolidation processes for accurate monthly and annual accounts.
- Led annual budgeting and forecasting activities, aligning financial strategies with organisational goals to drive growth.
- Reported on financial situation to guide decision-making and budget formulation.
- Assisted department heads in budgeting based on forecasts and resources, fostering fiscal responsibility across organisation through effective budget control.
- Controlled expenditure, oversaw recordkeeping and monitored compliance with standards.
- Reviewed and approved all financial transactions, maintaining high standards of financial governance.
- Enhanced transparency of financial operations, facilitating smoother external audits.
- Prepared detailed financial presentations for board meetings, providing insights into financial performance.
- Produced year-end financial statements in line with regulatory standards.
- Oversaw cash flow management, optimising liquidity whilst minimising financial risk to the organisation.
- Implemented robust financial controls and processes, reducing errors and enhancing operational efficiency.
- Directed financial team, established controls and set policies for optimum operational results.
- Coordinated with IT department to upgrade financial software, enhancing reporting capabilities and ensuring data accuracy.
- Improved organisation's financial health and operational viability.
- Advised on the formulation of fixed asset policies, aligning procedures with regulatory requirements and best practices.
- Produced a comprehensive year-end Property Plant and Equipment report.
- Led quarterly and annual physical asset verifications, comparing records and market value to actual assets to maintain the integrity of financial statements.
Accountant
Parks and Wildlife Management Authority
Kwekwe, Zimbabwe
03.2010 - 01.2019
- Managed accounts payable and receivable, ensuring timely settlement of invoices and maximising cash flow.
- Managed financial accounts, reconciling bank statements and monitoring cash flow to maintain accurate records.
- Produced monthly and year-end closing statements, financial documents and invoices.
- Coordinated month-end and year-end close processes, ensuring accurate and timely financial reporting.
- Analysed financial data to produce monthly reports, providing insights into company performance for stakeholders.
- Prepared and submitted VAT returns in compliance with Zimra regulations, minimising company tax liabilities.
- Maintained updated chart of accounts following correct procedures and including current, accurate details.
- Developed and maintained internal control systems to prevent errors and fraud in financial transactions.
- Kept internal financial controls aligned with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
- Coordinated with external auditors during annual reviews, facilitating a transparent and efficient audit process.
- Established and maintained relationships with banking institutions, optimising financial operations and services.
- Implemented sustainable cost-reduction strategies, significantly lowering expenses without impacting operational efficiency.
- Helped departmental managers develop and optimise inventory controls.
Finance Officer
Rhodes Matopos Estate
Bulawayo, Zimbabwe
06.2007 - 02.2010
- Reviewed and reconciled bank statements, resolving discrepancies to maintain accurate financial records.
- Reconciled monthly bank statements and resolved discrepancies.
- Posted journal and ledger entries, prepared financial statements and reports and closed books.
- Generated financial statements documenting revenue, expenses and liabilities.
- Produced monthly and year-end closing statements, financial documents and invoices.
- Completed detailed reviews of accounts and bookkeeping records to verify compliance with standards.
- Updated general, sales and purchasing ledgers on schedule and verified information against documentation.
- Coordinated with external auditors during annual audits, ensuring timely provision of documentation and clear explanations for financial transactions.
- Used Pastel V4 Sage accounting to process invoices and create purchase orders.
- Negotiated terms with suppliers and service providers, securing cost-effective agreements while upholding quality standards.
- Assisted departmental managers with operational tasks to enhance and streamline inventory controls.
Accounts Receivables/payables Officer
Parks and wildlife Management Authority
Kariba, Zimbabwe
04.1998 - 05.2007
- Managed all payment processing, invoicing and collections tasks.
- Monitored past due accounts and pursued collections on outstanding invoices.
- Improved cash flow by implementing effective follow-up procedures for outstanding payments.
- Conducted monthly, quarterly, and annual reconciliations of accounts receivable ledgers with general ledger.
- Reconciled accounts receivable ledger to confirm all payments were accounted for and properly posted.
- Processed invoice payments and recorded information in account database.
- Prepared invoices based on contract terms and distributed to customers.
- Carefully reviewed each invoice and requisition for payment, resolving errors prior to processing.
- Kept general ledger documents updated for accurate transaction records.
- Maintained up-to-date records of accounts payable ledger, ensuring timely payments to suppliers.
- Coordinated accounts payable, adhering to company Authorisation Policy.
- Assisted in month-end closing activities, including journal entries and account reconciliations.
- Coordinated with the purchasing department to clarify purchase orders and expedite invoice processing.
- Liaised with suppliers to resolve invoice queries, maintaining positive working relationships.
- Prepared payment runs, utilising both RTGS and cheque payments, following company procedures.
Education
Master of Commerce - Accounting
Midlands State University
Gweru, Zimbabwe01-2018
Master of Commerce - Strategic Management and Corporate Governance
Midlands State University
Gweru, Zimbabwe01-2016
Bsc (Hons) degree - Accountancy
Chinhoyi University of Technology
Chinhoyi, Zimbabwe01-2013
Higher National Diploma - Accountancy
SAAA
Harare01-2012
Diploma - Accountancy
ACCA
City of London, LNDSkills
- Financial reporting
- Budget management
- Cash flow management
- Accounts receivable maintenance
- Accounts payable expertise
- Payroll administration
- General ledger accounting
- Reconciliation processes
- Tax return filing
- Cost reduction strategies
- Budgeting
- Cash flow forecasting
- Financial analysis
- Management accounting
- Internal controls
- Regulatory compliance
- Audit procedures understanding
- GAAP understanding
- IFRS knowledge
- Revenue recognition
- Asset register management
- Bank reconciliations
- Double-entry bookkeeping
- Account reconciliation
- Bookkeeping
- Payroll processing
- VAT preparation
- QuickBooks proficiency
- Sage line 50 experience
- Xero software knowledge
- Team leadership
- Strategic planning
- Stakeholder collaboration
- Stakeholder communication
- Problem solving
- Reporting expertise
- Forecasting
- GAAP understanding
- IFRS knowledge
- Stakeholder communication
- Xero software knowledge
- Sage line 50 experience
Languages
English
Advanced
C1
Timeline
Accountant
Tivaam Ltd
04.2023 - Current
Board Member / Audit committee chair
ParksMed Health Fund
01.2021 - 01.2023
Senior Accountant
Parks and Wildlife Management Authority
02.2019 - 01.2023
Accountant
Parks and Wildlife Management Authority
03.2010 - 01.2019
Finance Officer
Rhodes Matopos Estate
06.2007 - 02.2010
Accounts Receivables/payables Officer
Parks and wildlife Management Authority
04.1998 - 05.2007
Master of Commerce - Accounting
Midlands State University
Master of Commerce - Strategic Management and Corporate Governance
Midlands State University
Bsc (Hons) degree - Accountancy
Chinhoyi University of Technology
Higher National Diploma - Accountancy
SAAA
Diploma - Accountancy
ACCA