Lavence Kalumba Musonda
Summary
Goal-focused Accountant with record of accurate reporting and budget management. Offering 12 years of experience handling finances for 3 different companies. Processed payroll, budgets, reports, audits, journals, expenditures and payments. Diligently maintains latest training on tax regulations and legal issues impacting financial operations.
Overview
12
12
years of professional experience
Work History
Assistant Accountant-REPORTING,BUDGETING & ASSETS
Northern Technical College
02.2022 - Current
- In this Role I work with management in preparation, consolidation and monitoring of Budgets
- I assist in preparations of Financial reports, and liaise with auditors from different government departments
- In addition am responsible for Inventory valuations and Non-Current Assets management
- Am also required to monitor all postings done in the system that they are correctly done
- I work hand in hand with IT department and consultants to ensure that all the system running properly.
- Reviewed general ledger entries and assessed accuracy.
- Monitored status of accounts receivable and payable to facilitate prompt processing.
- Completed financial reports to inform managers and stakeholders.
- Evaluated and improved accuracy and completeness of financial records.
- Maintained integrity of general ledger and chart of accounts.
- Collected and reported monthly expense variances and explanations.
Assistant Accountant-RECEIVABLES
Northern Technical College Ndola
03.2017 - 01.2022
- In charge of Students and corporate clients
- This involves Income allocation, Reconciliations of clients' accounts, banks reconciliations, as well as debt collection
- In addition to this am also Non-Current assets (both tangible and Intangible) Accountant this involves being the custodian of all the institution assets taking into the account their acquisition dates, Valuation and depreciation according the institution policy
- I have also been involved with donor funded projects under GRZ, UNIDO, ADB Bank etc
- I have also worked as Payables Accountant as well as cashiering.
- Monitored status of accounts receivable and payable to facilitate prompt processing.
- Tracked funds, prepared deposits and reconciled accounts.
Group Accountant
Foamking Group of Companies
01.2016 - 03.2017
- Overall In charge of accounts department of Foamking Group Ndola, overall supervision of I.T systems and communications in the company, Supervision of all three Retail Outlets, Preparing Payroll Inputs, Prepare VAT, Schedules, Do Bank Reconciliations, Captures Invoices from suppliers into Pastel Package, Prepare Weekly reports, Prepare, management Accounts, prepare monthly reports, correspondences with ZRA General day to day Accounting related works, Supervising and Overseeing Ndola Accounts staff.
- Gathered financial information, prepared documents, and closed books.
- Documented cash, credit, fixed assets, accrued expenses and line of credit transactions.
- Reconciled accounts and reviewed expense data, net worth and assets.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating and cash and banking reconciliations.
- Supported monthly reporting analysis to achieve validation of internal reports and to reconcile production operations and general ledger.
- Evaluated and improved accuracy and completeness of financial records.
- Created budgets and forecasts for management group to meet regular accounting deadlines.
- Prepared documents, reports and presentations for executives and board members using advanced software proficiencies.
- Reviewed accounting structures and procedures on regular basis to identify areas in need of improvement.
- Brought errors to near-zero in reporting, payroll administration and general bookkeeping.
- Partnered with auditors on annual audits and realized compliance with governmental tax guidelines.
- Tracked financial progress by creating quarterly and yearly balance sheets.
- Identified and investigated variances to financial plans and forecasts.
- Improved efficiency of data collection, analysis and modeling to enhance practices and increase customer retention.
Assistant Accountant
Foamking Limited, Foamking Group
10.2015 - 12.2015
- Preparing Payroll Inputs, Prepare VAT, Schedules, Do Bank Reconciliations Captures Invoices from suppliers into Pastel,, Package, Maintain Cashbooks, Administer Petty Cash, Prepare Weekly reports Prepare,, management, Accounts General day to day Accounting related works
- Reviewed general ledger entries and assessed accuracy.
- Monitored status of accounts receivable and payable to facilitate prompt processing.
- Communicated with suppliers to reconcile invoice payments.
- Reconciled company accounts for credit cards, employee expenses and commissions.
- Completed financial reports to inform managers and stakeholders.
Assistant Accountant
Polyking limited
06.2015 - 09.2015
- (Foamking Group), Preparing Payroll Inputs, Prepare VAT, Schedules, Do Bank Reconciliations, Captures Invoices from suppliers into Pastel, Package, Maintain Cashbooks, Administer Petty Cash Prepare, Weekly reports Prepare,, management Accounts, General day to day Accounting related works
- Reviewed general ledger entries and assessed accuracy.
- Monitored status of accounts receivable and payable to facilitate prompt processing.
- Communicated with suppliers to reconcile invoice payments.
- Reconciled company accounts for credit cards, employee expenses and commissions.
- Completed financial reports to inform managers and stakeholders.
- Balanced reports to submit for approval and verification.
- Evaluated and improved accuracy and completeness of financial records.
Accounts Assistant
Foamking Limited
09.2013 - 05.2015
- Preparing Payroll Inputs Prepare VAT, Schedules Do Bank Reconciliations Captures Invoices from suppliers into Pastel, Package Maintain Cashbooks Administer Petty Cash Prepare Weekly reports Prepare, management Accounts General day to day Accounting related works
- Performed administrative and clerical duties such as word processing, data entry, faxing and copying.
- Maintained clean and organized files by keeping accounts payable records up-to-date.
- Processed payments and documents such as invoices, journal vouchers, employee reimbursements and statements.
- Communicated regularly with customers regarding account questions and issues.
- Communicated and resolved disputes with clients regarding outstanding invoices, payments and adjustments.
- Used accounting software to prepare weekly and monthly financial reports.
Accounts Assistant
DEOL LIMITED
01.2011 - 08.2013
- Invoicing Customers, Issuing Credit Notes, Reconciling, Customer Accounts, Maintaining Suppliers Accounts and making sure their invoices are, properly recorded for VAT purposes
- Furthermore I did Bank reconciliations prepare, schedules for VAT and Returns also do NAPSA and PAYE returns
- Performed administrative and clerical duties such as word processing, data entry, faxing and copying.
- Prepared and mailed invoices to customers, processed payments and documented account updates.
- Maintained clean and organized files by keeping accounts payable records up-to-date.
- Used accounting software to prepare weekly and monthly financial reports.
- Reviewed figures, postings and documents for correct entry, completeness and accuracy.
Site Supervisor
PAMACO Construction
08.2007 - 08.2007
- Supervising the making of blocks during the rehabilitation of Mungwi Technical High, School Laboratories., Issuing materials to use Registering hours worked by workers General supervision
- Developed work schedules for team members to maximize shift coverage.
- Collaborated with management and fellow supervisors to organize operations and achieve demanding schedule targets.
- Initiated onsite safety program and properly trained team members to decrease injuries.
- Evaluated team member strengths and assigned tasks based upon expertise and background.
Education
Bachelor of Arts - CA ZAMBIA ADVANCED DIPLOMA IN ACCOUNTANCY
ZAMBIA ICT UNIVERSITY
NDOLA, ZAMBIA12.2022
No Degree - CA ZAMBIA DIPLOMA IN ACCOUNTANCY
ZAMBIA ICT COLLEGE
NDOLA, ZAMBIA12.2020
No Degree - ZICA TECHNICIAN CERTIFICATE
ZAMTEL COLLEGE
NDOLA, ZAMBIA06.2011
Skills
- Attributes
- Excellent IT Skills
- Team Leader
- Excellent Accounting Skills
- Good Organizational Skills
- Team Player
- Able to work with people of different
Affiliations
Zambia Institute of Chartered Accountants(ZICA)
Hobbies
- WATCHING AND PLAYING FOOTBALL
- READING
- AQUIRING NEW SKILLS
Timeline
Assistant Accountant-REPORTING,BUDGETING & ASSETS
Northern Technical College
02.2022 - Current
Assistant Accountant-RECEIVABLES
Northern Technical College Ndola
03.2017 - 01.2022
Group Accountant
Foamking Group of Companies
01.2016 - 03.2017
Assistant Accountant
Foamking Limited, Foamking Group
10.2015 - 12.2015
Assistant Accountant
Polyking limited
06.2015 - 09.2015
Accounts Assistant
Foamking Limited
09.2013 - 05.2015
Accounts Assistant
DEOL LIMITED
01.2011 - 08.2013
Site Supervisor
PAMACO Construction
08.2007 - 08.2007
Bachelor of Arts - CA ZAMBIA ADVANCED DIPLOMA IN ACCOUNTANCY
ZAMBIA ICT UNIVERSITY
No Degree - CA ZAMBIA DIPLOMA IN ACCOUNTANCY
ZAMBIA ICT COLLEGE
No Degree - ZICA TECHNICIAN CERTIFICATE
ZAMTEL COLLEGE
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Reviewed key business contracts to ensure financial viability, risk protection, and compliance with regulatory standards.</li><li>Treasury & External Commercial Borrowing (ECB): Managed fund planning and liquidity management including ECB drawdowns, bank negotiations, and interest optimization. Improved working capital cycles through proactive cash flow forecasting and receivables control.</li><li>Internal Controls & Governance Framework: Led organization-wide reviews of internal control systems, identified process gaps, and redesigned or implemented over 40 SOPs and IFCs. Established a governance structure for financial discipline, risk mitigation, and policy compliance across departments.</li></ul> at Kama Ayurveda Pvt. Ltd. & PUIG India Pvt. Ltd.<ul><li>Company Overview: Group Company of PUIG, Spain</li><li>Team Leadership & Process Excellence: Organised the transformation of the Finance & Accounts function, establishing performance-driven goals, and embedding a culture of accountability and continuous improvement. Drove operational efficiency through process redesigns, SOP implementation and optimal resource deployment, leading to measurable improvements in turnaround time and accuracy.</li><li>Strategic Partnering with CXOs: Acted as a key advisor to the CEO, CFO, and other CXOs on business planning, pricing strategies, and business model pivots to support scale-up and profitability. Contributed to investor communications with data-backed insights to enhance stakeholder confidence and secure strategic funding.</li><li>Cross-Functional & Global Stakeholder Management: Functioned as the strategic finance business partner to cross-functional heads and the PUIG global finance team, aligning local execution with global financial strategies and compliance requirements.</li><li>ERP Transformation & System Automation: Led end-to-end ERP reimplementation to address system gaps, enforce role-based controls, and automate core finance processes—resulting in enhanced data accuracy, faster reporting and improved internal controls.</li><li>Costing, Inventory & Profitability Optimization: Designed and implemented plant-level costing models to ensure accurate COGS determination. Improved inventory management across pricing, consumption tracking, and aging analysis—enabling better working capital control and cost efficiency.</li><li>Manufacturing Finance & Statutory Compliance: Supervised end-to-end accounting for manufacturing operations and ensured full statutory compliance.</li><li>Financial Reporting, MIS & Profitability Analytics: Delivered accurate and timely monthly MIS reports, including P&L, Balance Sheet and KPI dashboards with deep-dive variance analysis across stores, business verticals, and geographies. Supported board-level decision-making through insightful presentations on financial health and business performance.</li><li>Budgeting, Forecasting & Business Planning: Led the Annual Operating Plan (AOP) and rolling forecasts, ensuring alignment with strategic objectives and market dynamics. Monitored key financial metrics to enable business decisions and proactive cost management.</li><li>Statutory, Internal & Tax Audit Management: Finalized standalone and consolidated financials under Ind AS and IFRS, ensured timely group reporting and compliance with international standards. Delivered clean and timely closures of statutory, tax, and internal audits in coordination with Big 4 auditors. Strengthened audit readiness through pre-audit diagnostics and rectification of recurring control gaps.</li><li>Regulatory Compliance & Risk Management: Ensured end-to-end compliance which includes ROC, RBI, FEMA, Income Tax, GST, Transfer Pricing, DTAA, and Customs. Reviewed cross-border contracts and transactions to ensure arm’s length pricing, accurate TDS application, and proper documentation under Transfer Pricing regulations.</li><li>Commercial Negotiation & Contract Governance: Led commercial negotiations and structured deals with vendors and franchisees. Reviewed key business contracts to ensure financial viability, risk protection, and compliance with regulatory standards.</li><li>Treasury & External Commercial Borrowing (ECB): Managed fund planning and liquidity management including ECB drawdowns, bank negotiations, and interest optimization. Improved working capital cycles through proactive cash flow forecasting and receivables control.</li><li>Internal Controls & Governance Framework: Led organization-wide reviews of internal control systems, identified process gaps, and redesigned or implemented over 40 SOPs and IFCs. Established a governance structure for financial discipline, risk mitigation, and policy compliance across departments.</li></ul> at Kama Ayurveda Pvt. Ltd. & PUIG India Pvt. Ltd.