GODFREY KABENGELE
Lusaka
Summary
BRIEF PROFILE AND CAREER OBJECTIVES
Development Finance expert and chartered accountant with over 14 years working experience with full of integrity and result-driven and offering a proven track record of bringing success and increased productivity in line of work and have established a strong stable career.
PERSONAL ATTRIBUTES AND STRENGTHS
Excellent communication and interpersonal skills
Great team player that’s seriously goal oriented
Working knowledge and experience in financial and management reporting Accounting, research, auditing, compliance, treasury management, budgeting and taxation.
Have strong knowledge on Universal Social Performance Management Standards
Strong knowledge about financial systems, cash-flow monitoring, financial data analysis and internal accounting controls.
Understands the International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS).
Proven working knowledge of all statutory legislation and regulations. Have research consultancy experience in the field of development finance Extensive understanding of financial trends and market patterns. Strong verbal and written communication, analytical and presentation skills. Self-motivated to learn new concepts and participate in new projects.
Experienced and enthusiastic Consultant with track record of success across wide range of industries. Possesses exceptional interpersonal, problem-solving and analytical skills to provide advice and expertise to client organizations improving business performance. Experienced in all aspects of operations, strategy and finance.
Effective advisor communicates well with people of all ages and backgrounds. Excellent eye for detail enabling quick identification of areas for improvement and suggesting strategies to help businesses reach goals. Focused on introducing efficient systems and processes.
Overview
21
21
years of professional experience
Work History
Consultant
M&A
01.2018 - Current
- Major role is to participate in projects with client’s mainly private equities, family shareholders, corporations and government agencies.
- Corporate Finance & Debt Advisory: Deal with, projects including sale mandates, buy mandates, debt & capital raising and provide independent advice to borrowers across full spectrum of debt markets.
Finance Manager
Care Cooperative Savings
01.2018 - 01.2020
- Oversee strategic day-to-day management of cooperative’s treasury by reviewing cash inflows and outflows
- Reviews loan applications that are processed by Loans officers to assess member’s credit risk and ascertaining that loans processed are in accordance with applicable policies.
- Preparing loan and contributions statements in accordance with loan agreements and memorandum of understanding with member organizations
- Reconciling monthly general ledger balances; nominal ledger balances and SACCO accounts
- Prepares monthly and quarterly consolidated portfolio report including key portfolio performance indicators.
- Prepares monthly management accounts with narrative analysis of financial movements and ratios to appreciate financial position and performance of Cooperative.
- Preparing and passing journals to correct wrong postings and other discrepancies.
- Responsible for timely disbursements of approved loans to recipients
- Ensures that financial records and backup documentation are ready for internal and external audits.
Chief Accountant
01.2017 - 01.2018
- Prepared monthly journal entries and reconciliations.
- Completed year-end closing processes with controllers and external auditors.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Wrote financial statements and consolidations after reconciling general ledger accounts.
- Tracked and documented all expenses.
- Completed biweekly payroll and maintained employee records.
- Prepared accounts for industry audits and supported audit process.
- Evaluated and improved accuracy and completeness of financial records.
- Drafted variance reports, regulatory filings and related schedules.
- Calculated tax owed, prepared and submitted returns and upheld compliance with all applicable laws.
Independent Consultant
01.2015 - 01.2016
- Business Development Institute for Finance and Economics Institute for Finance and Economics (IFE) is a consulting and research firm:
- Have supported smallholders farmers to access affordable financial services through the establishment of farmer managed Savings and Credit Cooperatives
- Sourced development finance for smallholder farmers in order to meet matching grant contributions
- Have managed to assist Small and Medium Enterprises to access financial services through advisory services
- Performing business review for various clients to assess capacity to access corporate finance before approaching either international or local financial Institutions
- Carrying out feasibility studies on possible project undertakings by corporate clients
- Have Arranged and attended meeting with local banks and international bank on number of deals as lead arranger
- Agreeing terms sheet and deal structure with financial institutions and discussing the same with clients for further action
- Have dealt with financial institutions in clarifying queries raised relating to the deals
- Have developed annual project work plans; set milestones and benchmarks to achieve project objectives related to access to finance and markets by small medium enterprises and smallholder farmers.
Chief Financial Officer
Keren Motors Limited
01.2012 - 01.2014
- Oversaw budgets, payroll and accounts payable and receivable.
- Directed budget development, creation of budgetary controls and recordkeeping systems and investment management.
- Prepared accurate financial statements at end of quarter.
- Created, planned and implemented policies and procedures to increase productivity and maximize return on investments.
- Analyzed operational performance and efficiency to identify and implement cost reduction initiatives and process improvements.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance and revenue targets.
- Built and deployed strategies to achieve company vision and enhance tactical operations.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Analyzed operational issues and implemented corrective action plans to improve profitability and efficiency.
- Set and monitored effective financial policies.
- Devised strategies for enhancing business assets and reporting on financial metrics.
Management Accountant / Finance and Administration Manager, Executive Director
NAC2000 Corporation Limited
01.2006 - 01.2011
- In the management and implementation of the project including dealing with all Board related issues with regard to all financial management including external audit
- Developed administrative, procurement, human resources and financial management systems for the organization
- Provided financial reports and interpreted financial information to managerial staff while recommending further courses of action
- Ensured that funds were expended according to approved budget
- Performed internal audit on all tender by verifying the procedures and standards followed
- Ensured compliance with donor financial regulations and value for money
- Timely implementation of external auditor recommendations on internal controls improvements
- Development reporting and compliance system to adhere with Laws of Zambia as regards to taxes and other statutory obligations
- Established accounting and reporting procedures to meet different donor’s requirements
- Reviewed and monitored quarterly project financial reports
- Advised on financial activities and provided strategies that the organization took
- Oversaw operations of the finance department, set goals and objectives, and designed a framework for these to be met
- Liaised with auditors to ensure appropriate monitoring of organization’s donor funds was maintained
Senior Accountant
Indeco Estate
01.2003 - 01.2006
- Development Company with following responsibilities:
- Preparation of year-end audit working papers for external auditors
- Prepared and presented financial board papers to the Board
- Supervised daily operations of finance department -Accounts receivables, authorizing payables, fixed asset registers and treasury management.
- Ensured compliance with Tax and other statutory obligations
- Supervised yearend financial closure of balance sheet accounts
- Prepared annual financial statements
- Assessed and monitored performance of accounts personnel using automated system.
- Was signatory to all bank accounts
- Supervised Human Resources staff (2) on daily basis.
- Assisted in recruitment and selection of staff for Company.
- Reviewed and approved departmental staff training requirements.
- Led negotiator for Union, conclusion and signing collective agreements.
- Payroll approval and annual remuneration review
- Preparation of staff contract documents and custodian of senior managers files
- Kept under close review all legislative, regulatory and corporate governance.
- Ensured smooth running of Board by helping Chairman to set agendas.
External Auditor
KPMG
01.2002 - 01.2003
- Audited different entities statement of financial position and comprehensive income statements.
- Verified accuracy and documentary evidence supporting nominal and general ledgers accounts.
- Recorded and agreed audit schedules year end balances to financial statements disclosures.
- Drafted management letters highlighting internal weaknesses and deficiencies.
- Compiled current and permanent audit files for different clients.
- Carried out physical inspection of tangible assets and working capital
- Performed random tests on bank reconciliation to test accuracy and vetting of transactions.
Board Chairperson
In But Free (IBF)
Kitwe, Copperbelt
2020.05 - Current
Education
Master of Science - Development Finance
University of Cape Town
Cape Town06.2016
Association Chartered Certified Accountant - ACCA, ZCAS - Accounting And Finance
Zambia Centre For Accountancy Studies
Lusaka06.2010
Some College (No Degree) -
NIEC School of Business Management
Ndola, Grade Twelve Certificate - General Certificate of Education
Serenje Boys Secondary School
Serenje11.1994
Skills
- Proficiency in
- Microsoft Word, Outlook and PowerPoint and accounting and Payroll software’s ie QuickBooks, Pastel, Micro payroll and Sun System
- Financial Consulting
- Financial Planning
- Team Leadership
- Business Analysis
- Honesty and Integrity
- Strategic Planning
- Financial Management
Affiliations
Member of the Zambia Institute of Chartered Accountant (ZICA).
Member of the Chartered Institute for Development Finance.
Timeline
Board Chairperson
In But Free (IBF)
2020.05 - Current
Consultant
M&A
01.2018 - Current
Finance Manager
Care Cooperative Savings
01.2018 - 01.2020
Chief Accountant
01.2017 - 01.2018
Independent Consultant
01.2015 - 01.2016
Chief Financial Officer
Keren Motors Limited
01.2012 - 01.2014
Management Accountant / Finance and Administration Manager, Executive Director
NAC2000 Corporation Limited
01.2006 - 01.2011
Senior Accountant
Indeco Estate
01.2003 - 01.2006
External Auditor
KPMG
01.2002 - 01.2003
Master of Science - Development Finance
University of Cape Town
Association Chartered Certified Accountant - ACCA, ZCAS - Accounting And Finance
Zambia Centre For Accountancy Studies
Some College (No Degree) -
NIEC School of Business Management
Grade Twelve Certificate - General Certificate of Education
Serenje Boys Secondary School
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