Mabasa Musiniwa

A CIMA fully qualified Management Accountant with more than 12 years’ experience in Accounting and Finance field, covering mainly Financial Reporting, Budgeting and Budgetary control, Tax calculations, Treasury and Audit (external and statutory audits), having proven ability to implement accounting and inventory systems for new companies. Committed to the accurate preparation, presentation and delivery of financial reports, budgets, forecasts and end of year processes, providing management with informative content to enable the organisation to reduce its costs and improve on goods and services. Technologically astute in using Sage 200, QuickBooks, Pastel Partner, Palladium and able to manipulate data using Microsoft Excel (VLOOKUP, pivot tables).

I have had exposure in the mining, manufacturing and service industry.

Afrochine Smelting (Pvt) Ltd – Financial Accountant, Jan 2013 ~ May 2023

Key Achievements

• Authored accounting systems and assisted in the implementation of the inventory management systems for the company when it started operations.
• Facilitated the initial implementation of Sage 200 evolution accounting system and originated the chart of accounts, which facilitates the preparation of Cost of Production Reports for chrome ore mining and smelting, by splitting it into different cost centers.
• Introduced Sage 200 multi-currency module as the company used various currencies such as the EURO, South African Rand, Zimbabwean Dollar, Chinese Yen, USD, using USD as the base currency.
• Implemented a system for allocating constructions costs to various projects during the construction phase of the company, this facilitated the correct valuation of fixed assets.
• Introduced vehicle tracking system and effectively monitor it which helped the organisation to efficiently manage resources, this resulted in 5% cost reduction.
• Authored depreciation policies and compiled fixed asset register.

• Preparation and review of Financial Statements in line with IFRS (including Group Financial Reports) for a company with an annual sales revenue of approximately US$150million.
• Supervision and mentoring of the finance department.
• Perform Budget Management tasks such as monitoring company performance against estimates, variance analysis to increase efficiency and preparing annual budgets.
• Liaising with ZIMRA to resolve tax discrepancies, reducing or eliminating fees and penalties, and filing of returns (VAT, Income tax and PAYE).
• Analysing and giving recommendations on costs and cost savings and advising the board on the best ways to effectively and efficiently allocate resources.
• Developing and executing internal controls to improve accuracy and reduce errors.
• Preparation of audit file and facilitation of external audits.

Key Achievements

• Analysed the company's cost structure, splitting costs into fixed and variable costs, this assisted the company in the pricing of clients and realising the amount of sales required to break even.

• Providing financial, commercial and strategic support to the business.
• Producing monthly management accounts, budgets, forecasts and VAT returns.
• Presenting monthly results, budget variances and ad-hoc analysis.
• Involved in business planning, profit and loss, balance sheet and liquidity planning.
• Overseeing internal financial controls.
• Producing meaningful commentary and analysis of financial data.
• Responsible for office administration.

Key Achievements

• Facilitated in the implementation of the inventory system, by coding the stock items in line with the inventory groups and bin location for easy identification and locating.

• Verified and entered details of financial transactions into pastel partner.
• Performed daily debtors and creditors reconciliations.
• Initiated fixed asset register compilation and management.
• Facilitation of inventory management and monthly stocktake.
• Manufacturing accounts and product costing.
• Performing daily bank reconciliation statements.
• Prepared and posted payroll journals: leave provisions, salaries journal.
• Responsible for petty cash management.
• Managing accounts up to trial balance.
• Filing statutory returns: VAT, withholding tax, PAYE.

• 2016: Associate Chartered Management Accountant (ACMA), Chartered Global Management Accountant (CGMA) - CIMA
• 2014: Advanced Diploma in Management Accounting – CIMA
• 2013: Diploma in Management Accounting – CIMA
• 2010: B Com (Hons) Degree in Accounting - (NUST) Zimbabwe
• 2005: Advanced Level - Accounting (A) Mathematics (B) Management of business (C)
• 2003: Ordinary Level - 11 passes including Science, English and Mathematics