Simanga Kenneth

Highly analytical and disciplined finance professional with over 5 years of cumulative experience spanning fund accounting, technical accounting, asset management, and auditing. Proven expertise in applying IFRS and legislative frameworks (PFMA, Companies Act, Income Tax Act) to complex financial environments, managing end-to-end financial reporting, and delivering strategic insights to investment teams. Adept at managing audit-related processes.

Technical Accounting Analyst at South African Breweries (2024-10 – Present)

• Financial Statement Preparation: Formulated, compiled, and finalized complex financial statements in strict compliance with IFRS and relevant statutory frameworks.
• Technical Advisory & Compliance: Provide high-quality technical accounting guidance on complex business transactions under IFRS, ensuring strict alignment with regulatory requirements and corporate policies.
• Taxation & Royalties Governance: Oversee and review complex corporate tax structures, including the precise calculation and compliance of income tax, deferred tax assets/liabilities, and the intricate evaluation of intercompany royalties calculations.
• Financial Reporting & Audits: Partner with cross-functional teams and collaborate closely with internal and external auditors to resolve complex reporting issues, validate tax provisions, and streamline overall audit processes.
• Control Implementation: Research and document structural accounting positions for new business activities while supporting teams with internal control improvements.

Fund Accountant at 10X Investments (2023-07 – 2024-09)

• Financial Statement Preparation: Prepared, reviewed, and finalized Annual Financial Statements for funds, ensuring seamless translation of portfolio data into compliant statutory reports submitted to the FSCA.
• Portfolio & Fund Reporting: Managed end-to-end fund accounting processes, including high-accuracy daily NAV calculations, investment payables, asset fees, and exits within the asset management space.
• Corporate Actions & Trade Processing: Processed and assessed corporate actions accurately to ensure the correct reflection of fund positions, trade executions, and valuations across reporting systems.
• Reconciliations & Cash Management: Maintained a meticulous control environment by performing daily bank reconciliations and processing bank payments, ensuring all exceptions were cleared within a single reconciliation cycle.
• Stakeholder Reporting & Compliance: Prepared quarterly trustees' reports and monthly management accounts to support operational transparency and compliance.
• Disbursements: Managed and processed payments for trustee fees, exit claims, and client distributions.

Trainee Accountant at SNG Grant Thornton (2020-01 – 2022-12)

• Audit & Legislative Assurance: Executed external audit engagements across diverse sectors, evaluating financial files and preparing financial statements on CaseWare for compliance with IAS, IFRS, the Income Tax Act, and the Companies Act.
• Statutory Compliance: Performed technical statutory audits covering VAT, EMP201 (Employees Tax), and CIPC requirements.
• Leadership & Review: Supervised, guided, and supported junior staff members, reviewing audit working papers and preparing detailed reports for management.

Postgraduate Diploma in Applied Accounting Sciences in CTA – University of South Africa (UNISA) (2020)

Bachelor of Commerce in Accounting Sciences – University of Pretoria (2017)

Professional Certificate in Data Analytics – Google