Summary
Overview
Work History
Education
Skills
Affiliations
Accomplishments
References
Personal Information
Timeline
Generic
Alinaswe Siwingwa

Alinaswe Siwingwa

Lusaka

Summary

A seasoned and highly experienced finance specialist with 15 years of dependable finance and accounting knowledge, having held various senior positions including Principal Finance Officer, Senior Accountant (Taxation and Management Information Systems), Finance Manager, Chief Accountant, and Senior External Auditor. Demonstrable experience and knowledge in financial analysis and reporting, budgeting, and forecasting; audit and compliance; cash flow management; and cost accounting. Experienced in implementation of Financial Systems & Strategies, processes, and controls. A Fellow Member with good standing of the Zambia Institute of Chartered Accountants (ZICA) and the Association of Chartered Certified Accountants. An innovative professional, guided by curiosity to learn more and the need to find answers, pays great attention to detail. Demonstrated success by implementing cost-saving measures while leading a task force that successfully identified and implemented cost-saving measures while serving as the acting Chief Finance Officer. These measures resulted in annual savings of over K5 million. Possesses a passion for achievement and winning, as well as skills and competencies. Strives to create a working environment that combines uncompromising integrity with professional excellence. First-class analytical and problem-solving skills. Dedicated to maintaining high-quality standards. Possesses excellent communication and interpersonal skills, with exceptional time management and organizational skills. Versatile professional adept in financial analysis, audit support, account reconciliations and collections. Proficient in preparing financial statements, monitoring controls and completing closings. Highly detail-oriented, proactive, and diligent.

Overview

15
15
years of professional experience

Work History

Principal Finance Officer

Development Bank of Zambia
07.2021 - Current
  • Responsible for developing and implementing financial strategies to achieve the bank's goals and objectives
  • Preparing financial statements in accordance with IFRSs, legal and regulatory requirements
  • Assessing and mitigating financial risks, including credit risk, market risk, and liquidity risk
  • Ensuring compliance with regulatory requirements
  • Coordinating with regulatory agencies and external auditors during examinations and audits
  • Implementing internal controls to maintain regulatory compliance and prevent financial misconduct
  • Conducting financial analysis and feasibility studies to evaluate potential investments and business initiatives
  • Leading and mentoring a team of finance professionals, including financial analysts, accountants, and risk managers

Acting Chief Finance Officer

Development Bank of Zambia
12.2022 - 01.2023
  • Supervise the day-to-day cash management activities, which involve forecasting cash flows, monitoring cash levels, and guaranteeing liquidity to meet operational and investment requirements
  • Oversee both short-term and long-term investments i.e Equity investments, Placements with commercial Banks, ensuring they align with the Bank's investment policies
  • Work closely with the Treasury team to assess and implement diverse investment opportunities
  • Cultivate and strengthen relationships with banks, financial institutions, and external stakeholders for sourcing of funds
  • Negotiate terms for credit facilities, and investments like placements
  • Conducting financial analysis and feasibility studies to evaluate potential investments and business initiatives

Senior Accountant - Taxation and Management Information Systems

Development Bank of Zambia
06.2017 - 07.2021
  • Preparing and filing tax returns, including income tax, sales tax, and property tax, ensuring accuracy and compliance with regulatory requirements
  • Overseeing the implementation and maintenance of financial information systems, including accounting software, databases, and reporting tools
  • Preparing financial statements, including income statements, balance sheets, and cash flow statements, in accordance with regulatory standards and internal policies
  • Ensuring compliance with accounting standards, banking regulations, and internal control procedures

Finance Manager (Finance Officer)

First Capital Bank
01.2015 - 06.2017
  • Developing and implementing financial plans, budgets, and forecasts in alignment with the bank's strategic objectives
  • Managing the bank's budgeting process, including preparation, review, and analysis of budgets across departments and business units
  • Identifying and assessing financial risks, including credit risk, market risk, and operational risk, and develop strategies to mitigate them

Manager, Treasury Services (Back Office Operations)

First Capital Bank
03.2014 - 12.2014
  • Managed accounting, valuation, and reconciliation processes for diverse treasury instruments, ensuring precision in interest accounting
  • Oversaw Nostro account reconciliations and SWIFT-to-TMS processing, managed bank account operations
  • Directed the Bank's documentation updates, proposed treasury policy enhancements, and enforced adherence to approved policies and guidelines across all treasury operations

Chief Accountant

Magic Advertising and Promotion
01.2013 - 02.2014
  • Ensured accurate and timely preparation of financial statements, including balance sheets, income statements, and cash flow statements, in strict adherence to International Financial Reporting Standards (IFRS)
  • Overseeing day-to-day accounting operations, including accounts payable, accounts receivable, general ledger, and payroll processing
  • Collaborating with senior management to develop annual budgets and financial forecasts

Senior External Auditor

KPMG
12.2009 - 12.2012
  • Leading and overseeing external audit engagements from planning to completion, ensuring adherence to audit timelines, budgets, and quality standards
  • Analysing financial statements and related disclosures to assess the accuracy, completeness, and consistency of financial reporting
  • Mentoring and coaching audit team members, providing guidance on technical matters, audit methodology, and professional development

Education

Master of Business Administration (MBA) -

Heriot-Watt University
UK
01.2020

Association of Chartered Certified Accountants (ACCA) - Accountancy

Zambia Centre for Accountancy Studies (ZCAS)
01.2010

Skills

  • Financial analysis and reporting
  • Budgeting and forecasting
  • Audit and compliance
  • Cash flow management
  • Cost accounting
  • Team leadership and management
  • Internal controls and process improvements
  • Taxation
  • Financial Accounting
  • Working Capital Management
  • Risk Management
  • Fixed Asset Management
  • Debt management
  • Cash Flow Management
  • Investment Management
  • Financial Planning
  • Financial Statements
  • General ledger accounting

Affiliations

  • Zambia Institute of Chartered Accountants (ZICA), Fellow Member
  • Association of Chartered Certified Accountants, Fellow Member

Accomplishments

  • Debt swap initiative, Achieved collaboration with Executive Office for debt swap initiative with Ministry of Finance, leading to K400 million loan recoveries in one year.
  • Financial system implementation, Successfully orchestrated rollout of Microsoft Dynamics ERP at DBZ, enhancing financial data integration and reporting. Applied expertise to implement Finacle Core Banking system at First Capital Bank.
  • Cost-saving measures, Led task force as acting CFO, implementing cost-saving measures resulting in annual savings of over K5 million.
  • Team productivity excellence, Revolutionised Finance department productivity through implementation of training and development programs, leading to enhanced efficiency and significant time savings compared to previous practices.
  • Audit leadership, Successfully led 2021 and 2022 audits at DBZ as acting CFO, concluding within accelerated timelines, minimizing delays, and ensuring compliance with IFRS standards. Reduced audit queries and ensured prompt completion of financial statements.

References

  • Mrs. Meyer Banda Mwinga, Chief Accountant, National Milling Zambia Limited, +260 966331820, meyerb@nmc.co.zm, Lusaka
  • Mr. Maybin Muyawala, Former Managing Director/ Chief Financial Officer, Development Bank of Zambia, +260 979370989, +260762066318, mmuyawala@gmail.com
  • Mr. Clarence Mwami, Country Director, Pestalozzi World Zambia, +260977859415, clarencemwami@pestalozziworld.com

Personal Information

Nationality: Zambian

Timeline

Acting Chief Finance Officer

Development Bank of Zambia
12.2022 - 01.2023

Principal Finance Officer

Development Bank of Zambia
07.2021 - Current

Senior Accountant - Taxation and Management Information Systems

Development Bank of Zambia
06.2017 - 07.2021

Finance Manager (Finance Officer)

First Capital Bank
01.2015 - 06.2017

Manager, Treasury Services (Back Office Operations)

First Capital Bank
03.2014 - 12.2014

Chief Accountant

Magic Advertising and Promotion
01.2013 - 02.2014

Senior External Auditor

KPMG
12.2009 - 12.2012

Master of Business Administration (MBA) -

Heriot-Watt University

Association of Chartered Certified Accountants (ACCA) - Accountancy

Zambia Centre for Accountancy Studies (ZCAS)
Alinaswe Siwingwa