Anthony Kayombo Muzenga
Chartered Management Accountant
Lusaka,09
Summary
Experienced Chartered Management Accountant who is passionate, talented, result oriented and multi-skilled. Holder of a Chartered Management Accountant (Full CIMA) from the Chartered Institute of Management Accountants, UK. Holder of Master of Business Administration Degree from University of South Wales, UK.
Overview
15
15
years of professional experience
14
14
years of post-secondary education
Work History
Director of Finance and Corporate
Mulungushi Village Complex Limited
Lusaka, Zambia
02.2022 - Current
- Responsible for strategic business planning and review, financial reporting, management and controls, treasury management, company secretarial duties, human resource, and administration
- Established and enforced controls on revenue and expenses to protect company assets.
- Managing corporate financial reporting process, including preparation of IFRS compliant financial statements and quarterly reports to board and other stakeholders
- Forecasted trends and recommended improvements based on financial risk analyses.
- Managed day-to-day operations within 8-person finance department for a real estate organization.
- Verified compliance of financial policies and accounting procedures against federal regulations.
- Analyzed financial data regarding product performance and customer performance and developed reports for key stakeholders.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Forecasting of medium and long- term funding requirements
- Maintaining the company's statutory books, including a register of present and past directors and secretaries; a register of all shareholders, past and present and their shareholdings; a register of any charges on the company's assets; minutes of general meetings and board meetings
- Provide oversight and guidance over company procurement processes, ensuring that all procurements are in line with the Public Procurement Act and Public Finance Management Act
- Provide oversight and guidance to the development and monitoring of processes related to recruitment and retention, compliance, compensation, benefits, training, and development; as well as oversee administrative functions.
Head of Accounting and Finance
Mulungushi Village Complex Limited
Lusaka, Zambia
01.2017 - 01.2022
- Responsible for the day-to-day aspects of the business's accounting and reporting functions and reports directly to the Director Finance and Corporate Services who takes responsibility over the entire financial department
- Supported operations management, sales and marketing efforts to increase revenue and overall financial health.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Managed investments to diversify financial portfolios and grow revenue.
- Created documents to display financial reports and data using SAGE 300 ERP and Microsoft Excel and Powerpoint.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Prepared and managed large capital expenditure budgets to effectively handle infrastructure investment and long-term operations.
- Complete filings and uphold strict compliance with regulatory agencies and supervisors.
- Train new and existing staff members in various financial procedures to prepare for job requirements.
- Review documentation and identified financial discrepancies where applicable.
- Develops budget templates and coordinate the budget process; this includes managing the budget calendar, formulation of budget assumptions, assist departmental heads in the preparation of budgets and final consolidation of company budget
- Prepare monthly and quarterly management accounts for internal and Group Consolidation needs
- Approves purchase requisitions and purchase orders ensuring that value for money is adhered to
- Preparation of annual financial statements in line with applicable International Financial Reporting Standards (IFRS) guidelines, in readiness for external audit and subsequent sign off by the external auditors
- Coordinates annual external audit and provide responses to queries raised
- Manage the Company's assets: ensure that an accurate fixed asset register is maintained by updating all asset transactions and organizing appropriate insurance to mitigate against economic loss due to theft or any other risks
- Managing the company's liquidity to ensure that the organization has sufficient funds to settle its obligations as they fall due and devise strategies to manage any identified future cash deficits or surpluses
- Oversee debt collection, manage all payables, and prepare a daily liquidity report
- Manage and oversee the tax affairs of the organization and maintain a sound relationship with the Revenue Authority.
Accountant
Mulungushi Village Complex Limited
Lusaka
04.2015 - 12.2016
- Prepared financial documents such as invoices, bills, and accounts payable and receivable
- Gathered financial information, prepared documents and closed books.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Prepared and filed tax forms to meet needs of customers.
- Handled day-to-day accounting processes to drive financial accuracy.
- Identified and investigated variances to optimize financial plans and forecasts.
- Documented cash, credit, fixed assets, accrued expenses and line of credit transactions.
- Set up and improved accounting systems and processes to meet business needs and maximize operational success.
- Assisted in preparation of annual budgets
- Reconciled suppliers' accounts monthly and produced supplier age analysis report to help organize the organization's debts and hence facilitate timely payment to suppliers
- Assisted senior accounting staff with various tasks, including preparation of budgets, records, and statements
- Resolving errors in financial reports and correcting faulty reporting methods
- Processed payments and invoices accurately and within expected time periods
- Verified payments and deposits made through the company account and coordinate with the bank
- Identified discrepancies in ledgers and accounts, tracking them to the source and correcting them
- Coordinated annual asset verification is to ascertain the physical condition of the assets recorded in the asset register and make recommendation for possible asset impairment
- Responsible for ensuring that stock counts are undertaken on a quarterly basis to safeguard company inventory, identify slow moving and obsolete inventory items
- Reconciled the general ledger to ensure accuracy and integrity of information held
- Provided guidance and supervised Accounts Assistants.
- Reconciled accounts and reviewed expense data, net worth and assets.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
Finance and Administration Officer/Consultant
Muyovwe & Co. Chartered Accountants
01.2014 - 04.2015
- Reconciled customers' accounts monthly and produced customer age analysis report to help organize the organization's receivables and hence facilitate timely collection of funds owed to the company
- Reconciled the firm's bank accounts on a weekly basis and resolved any issues identified
- Prepared, examined, and analyzed accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards
- Managed the firms outsource services
- Functioned as the point of contact for all employees, providing administrative support and managing their queries
- Ensured that members of staff adhere to laid down codes of conduct and policies; as well as ensuring that new recruits are properly oriented and trained before they join their respective teams
- Documented meetings to ensure greater accountability and disclosure for the proceedings of meetings with internal and external parties
- Coordinated logistics for audit teams and meetings, e.g., travel, accommodations and providing meeting details
- Coordinated SME accounting services: another principal responsibility was that of coordinating accounting services offered to SMEs
- This included ensuring that all accounting documents from clients were received on time to enable analysis to extract information that is useful for the partner to offer quality and relevant advice to the clients
- Supervised a team eleven (11) junior and experienced members of staff.
Audit Associate
Muyovwe & Co. Chartered Accountants
Lusaka
02.2010 - 12.2014
- Performed substantive tests and tests of controls to identify and resolve accounting or reporting issues
- Analyzed trends in financial data to investigate fluctuations.
- Prepared working papers, reports and supporting documentation for audit findings.
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Evaluated internal control systems, policies, and procedures, making recommendations for improvements
- Provided recommendations for strengthening internal controls and promoting business efficiency
- Assisted with the preparation of financial statements, footnote disclosures and management letter comments
- Prepared client assistance schedules and followed-up on client deliverables
- Identified any accounting or audit issues and performed the necessary research to resolve such issues
- Establish working knowledge of the client's accounting procedures and processes
- Identified various risks and errors to propose corrective action to decision makers.
- Identified audit risks, prepared budgets and coordinated with management and audit team in preparing related reports.
- Established audit and internal control procedures and recommended process improvements to address issues.
- Conducted financial, compliance and operational audits.
- Interviewed business owners to understand needs and explain audit scope.
Accounts Payables Clerk
Zambia Electricity Supply Corporation (Zesco) Limited
Lusaka
06.2008 - 05.2009
- Applied proper codes to invoices, files and receipts to keep records organized and easily searchable.
- Reviewed vendor invoices for appropriate documentation and validity prior to payment.
- Investigated daily variances and corrected errors to resolve discrepancies.
- Maintained good working relationships with vendors and resolved disputes.
- Inspected account books and recorded transactions.
- Matched purchase orders with invoices and recorded necessary information.
- Assessed data and information to verify entry, calculation and billing code accuracy.
Education
MBA - Business Administration
University of South Wales
Newport, South Wales 02.2020 - 06.2022
Chartered Management Accountant (Full CIMA) - Accounting And Finance
Chartered Institute of Management Accountants
London, UK 07.2012 - 12.2018
Accounting Certificate - Accounting Technician
Zambia Centre For Accountancy Studies (ZCAS)
Lusaka, Zambia 07.2006 - 07.2008
High School Diploma -
Kabulonga Boys High School
Lusaka, Zambia 01.2002 - 12.2004
Skills
Budgeting and finance expertise
Corporate processes and procedures
Organizational skills
Technology-savvy
Process implementation
Cost control and reduction
Budget forecasting
Financial analysis and reporting
Strategic and financial planning
General ledger accounting
Staff Management
Accomplishments
- Supervised team of 8 staff members.
- Collaborated with team of 11 in the development of Housing Complex Construction Project.
- Successfully trained and implemented SAGE 300 Accounting system and SAGE 300 People HR System
- Implemented strategies that resulted in statutory audit fee savings of USD18,000.00 per annum
- Successfully negotiated and defended against a tax liability amounting to USD1.4 million demanded by the Revenue Authority
- Successfully raised USD4.7 million project finance to undertake rehabilitation works that resulted in increase in revenue generating capacity by 210%
- Awarded most dependable employee at Mulungushi Village Complex Ltd in 2017
- Awarded best team player at Muyovwe and Company Chartered Accountants in 2014.
Affiliations
- American Institute of Certified Public Accountants
- Chartered Institute of Management Accountants
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
There is a powerful driving force inside every human being that, once unleashed, can make any vision, dream, or desire a reality.
Tony Robbins
Timeline
Director of Finance and Corporate
Mulungushi Village Complex Limited
02.2022 - Current
MBA - Business Administration
University of South Wales
02.2020 - 06.2022
Head of Accounting and Finance
Mulungushi Village Complex Limited
01.2017 - 01.2022
Accountant
Mulungushi Village Complex Limited
04.2015 - 12.2016
Finance and Administration Officer/Consultant
Muyovwe & Co. Chartered Accountants
01.2014 - 04.2015
Chartered Management Accountant (Full CIMA) - Accounting And Finance
Chartered Institute of Management Accountants
07.2012 - 12.2018
Audit Associate
Muyovwe & Co. Chartered Accountants
02.2010 - 12.2014
Accounts Payables Clerk
Zambia Electricity Supply Corporation (Zesco) Limited
06.2008 - 05.2009
Accounting Certificate - Accounting Technician
Zambia Centre For Accountancy Studies (ZCAS)
07.2006 - 07.2008
High School Diploma -
Kabulonga Boys High School
01.2002 - 12.2004