Malvin Sheleni

Responsible for reviewing and analysing IDC’s portfolio companies’ performance and other investment options. The role contributes to maximisation of long-term shareholder value in portfolio companies in the Mining, Manufacturing & Agri-Business sectors by providing oversight. Further, the role collaborates to enhance the legal, institutional and group oversight framework in accordance with the tenets of good corporate governance, through identification of Risks in the Portfolio.

Below are key areas of focus and principal accountabilities:

• Timely preparation for submission of draft Performance Management Contracts (PMCs) to subsidiary companies
• Collaborates with Subsidiaries to complete setting of annual Performance Targets for approval by Management.
• Review and monitoring of performance of subsidiaries in line with expectations of performance management contracts (PMCs).
• Carry out monthly, quarterly, mid-year and full year analysis and reviews of performance with respect to set targets in subsidiaries.
• Makes recommendations on corrective action(s) to ensure subsidiary performance in line with Group targets and objectives.
• Facilitate meetings with respective portfolio companies for purposes of providing direction on performance of companies as corrective and preventative measures.
• Undertakes due diligence visitations of portfolio companies
• Participates in Execution of approved company turnaround and transformation decisions such as securing of Strategic Equity Partners and Business Restructuring
• Timely submission of Subsidiary performance analyses reports to Management Executive Committee (MEC) for decision making and further corrective/preventive actions.
• Mentor, coach, and provide on job-training to direct reports.
• Provide technical capacity and support in internal functions and other staff to achieve premium management service
• Ensure provision and promotion of sound leadership practices i.e., Inspirational Leadership

FINANCE MANAGER

Responsible for full Finance Operations, Accounting, Reporting, Planning & Budgeting, Tax Compliance and Financial Management.

Below were key areas of focus and principal accountabilities:

• Business planning, budgeting, and forecasting
• Business performance analysis, variance analysis and performance commentaries
• Statutory compliance Management (Tax returns filing and payments)
• Annual Corporate Tax Computations
• Coordinating tax audits by Zambia Revenue Authority
• Risk management
• Operationalisation of internal controls including all reconciliations
• Reviewing, modelling and implementation of finance processes
• Coordinating external audits and preparation of annual financial statements in compliance with IFRS
• Full accounting and reporting functions
• Cash flow planning and forecasting
• Stakeholder management (vendors, regulators, customers & internal stakeholders)
• Working with credit controllers in implementing effective debt collection policies & strategy

With a focus on business performance analysis & improvement, tax compliance management & internal controls compliance, responsibilities include:

• Responsible for Business planning & budgeting including modelling of budget templates
• Business performance reporting, analysis & forecasting and recommending actions for improvements.
• Participating in corporate strategic planning
• Tax compliance management (Tax Computations, returns filing, tax planning/impact analysis/advise) & other regulatory compliance
• Handling ZRA tax and other regulatory audits & reviews
• Coordinating with group tax team on preparation of transfer pricing documentation
• Championing compliance to internal controls
• Develop/revise/improve finance policies & processes where needed
• Preparation of board, Exco packs & any other reports as required
• Hyperion financial reporting and budget submissions
• Assisting commercial teams (sales, commercial) with any relevant reports & interpreting financial information
• Ad hoc Projects Coordination
• Validating commissions computations (staff & Resellers)
• Risk management (Handling of all insurance matters & claims)

Additional Responsibility (Acting Finance manager) - 1 June 2019 – 31 August 2021:

• Oversee all financial operations activities & team management
• Working with credit controllers in implementing effective debt collection policies & strategy
• Financial Management & Reporting
• Managing vendor & other stakeholder relationships
• Coordinating external audits and preparation of annual financial statements
• Managing financial operations team in delivering objectives & carrying out staff appraisals.
• Ensuring timely month end closing and reporting
• Review of monthly balance sheet reconciliations
• Cash flow planning/forecasting/develop cash planning models

Responsible for financial and regulatory reporting, my key areas of responsibility included the following:

• Management, financial & regulatory reporting
• Budget preparation & performance analysis
• Financial statements preparation & tax computations
• Ensure timely submission of statutory returns (tax & pensions)
• Develop, review & update of accounting policies
• Preparation of board packs & other Exco/MANCO presentations
• Full general & sub-ledger responsibility including its integrity
• Financial controls implementation & monitoring
• Regulatory returns (BOZ & ZRA) submissions
• Financial & risk analysis

My areas of responsibility included:

• Audit planning
• Risk assessment and audit strategy formulation
• Assessment of internal control effectiveness and efficiency and issue management letters highlighting areas of improvements
• Audit assignment budgeting and project management
• Designing of audit procedures responsive to risk
• Review of work papers
• Project management
• Team management
• Financial statements preparation & review in line with IFRS.

• Audit procedures execution as designed in response to risk assessment
• Participate in audit planning, risk assessment, strategy setting and procedure designing
• Test of internal controls
• Drafting of management letters with internal control enhancement recommendations
• Organizing & carrying out inventory counts
• Prepare assignment budgets
• Prepare and review financial statements

Sectors: Telecommunications, farming, manufacturing & trading, transport & logistics, property development, hospitality, NGOs and financial services