Masela Chisola
Lusaka
Summary
Results-driven Financial Reporting Manager with 16 years cumulative work experience and expertise in financial reporting, IFRS compliance, and variance analysis. Proven ability to lead teams and enhance reporting processes, ensuring accurate and timely financial statements.
Overview
16
16
years of professional experience
Work History
Financial Reporting Manager
Absa Bank Zambia Plc
Lusaka, Zambia
10.2018 - Current
- Provide oversight over month end financial reporting processes and have input on the Impairment models used for ECL entries.
- Analyze variances between actuals, STP (short term plan) and RAF (revised annual forecast) to identify trends and discrepancies.
- Lead team meetings to discuss financial performance and address reporting challenges.
- Train junior staff on financial reporting procedures and best practices.
- Collaborate with cross-functional teams to improve data integrity and reporting efficiency.
- Prepare financial statements in compliance with International Financial Reporting Standards (IFRS).
- Coordinate audits with external auditors to verify financial reporting processes.
- Prepared monthly, quarterly, and annual reports in compliance with IFRS, BOZ and SEC requirements.
- Ensure that all deadlines are met for both internal and external reporting requirements.
- Perform detailed analysis of balance sheet accounts to identify discrepancies or inconsistencies.
- Develop relationships with key stakeholders internally and externally to assist with reporting processes.
- Work closely with Regulatory team at Absa Group to ensure timely preparation and submission of all Group Returns to the South African Reserve Bank.
- Provide leadership and coaching more broadly across finance.
- Supporting the financial controller in various committee meetings such as the Balance sheet review committee.
- Supporting the financial controller with approvals for payments to vendors and expense advances to members of staff.
Audit associate to Audit manager
Deloitte
Lusaka, Zambia
10.2010 - 09.2018
- Conducted thorough audits of financial statements for compliance and accuracy.
- Developed audit plans based on client needs and regulatory requirements.
- Collaborated with clients to gather necessary documentation for audits.
- Analyzed risks and internal controls to identify areas for improvement and risk mitigation.
- Prepared detailed reports outlining audit findings and recommendations.
- Assisted in training junior staff on auditing standards and procedures.
- Communicated effectively with stakeholders to discuss audit processes and results.
- Prepared detailed workpapers documenting all audit evidence obtained during the course of an engagement.
- Performed tests of internal controls to assess the adequacy of existing systems and processes.
Education
Master of Science - Professional Accounting
University of London
London01-2018
ACCA
Zambia Centre For Accountancy Studies
Lusaka06-2010
Certified Accounting Technician (CAT)
Zambia Centre For Accountancy Studies
Lusaka01-2008
GCSE O Levels
St Marys School For Girls
Lusaka01-2006
Skills
- Financial reporting
- IFRS compliance
- Variance analysis
- Audit coordination
- Financial analysis
- Team leadership
- Regulatory compliance
- Problem solving
Accomplishments
- Outstanding performer award-2023-2025. In my role as Financial Reporting Manager, I have been selected as an outstanding performer for 3 years consecutively and as a result, I belong to the prestigious Managing Directors Club.
- In my role as audit senior at Deloitte, I was selected to represent the country as one of the Senior auditors on the Rand merchant and First National Bank audit in South Africa for a period of 3 months when the in country team needed support on the assignment.
- I received Best graduating student award at my high school in 2006 and was awarded a scholarship to the Zambia Centre for Accountancy Studies.
- REFERENCES
Maila Maundu
Chief Financial Officer
Absa Bank Zambia
0977-599242
Alice Jere Tembo
Managing Partner
Deloitte
0977-740385
Andrew Njovu
Audit Partner
BDO
0666-454181
Timeline
Financial Reporting Manager
Absa Bank Zambia Plc
10.2018 - Current
Audit associate to Audit manager
Deloitte
10.2010 - 09.2018
Master of Science - Professional Accounting
University of London
ACCA
Zambia Centre For Accountancy Studies
Certified Accounting Technician (CAT)
Zambia Centre For Accountancy Studies
GCSE O Levels
St Marys School For Girls