MBELA DANIEL MTAMBOH
Lusaka,09
Summary
To become one of the leading Chief Financial Officers and Internal Audit experts in the region. To be the trusted advisor on robust internal controls and governance within an organisation.
Overview
15
15
years of professional experience
Work History
Financial Controller
Radisson Blu Livingstone Resort
04.2024 - 06.2024
- Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.
- Managed payroll data entry and processing for [Number] employees to comply with predetermined company guidelines.
- Maintained strong relationships with external auditors, facilitating smooth annual audit processes and addressing any concerns promptly.
- Reduced operating costs through meticulous budget management and cost analysis.
- Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
- Managed a team of finance professionals, providing guidance, support, and ongoing training to ensure continued growth and development.
- Enhanced cash flow management with timely accounts receivable monitoring and collections efforts.
- Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
- Implemented rigorous internal control measures to safeguard company assets and prevent fraud or mismanagement risks.
- Prepared balance sheets, cash flow reports and income statements.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.
HEAD OF INTERNAL AUDIT
DEVELOPMENT BANK OF ZAMBIA (DBZ)
05.2021 - 01.2024
- Undertakes internal audits to ensure the bank meets its financial, operational and compliance objectives, and challenging current processes and identifying opportunities for process refinement and enhancements
- Reports on control deficiencies to management and making recommendations to mitigate risk and add value
- Plays an active role in the maintenance and review of internal policies and procedures and ensuring that they are up to date with all legislations, new board directives and best professional practices
- Supports the development of an assurance planning reporting process and to implements short- and long-term internal audit strategies and programmes aimed at providing an independent and objective opinion to management on internal controls and corporate governance; Monitors and guides the preparation of the control risk assessment to be used in the annual audit plan; Draws up risk-based audit plans covering the duration of the bank's strategic plan for audit committee approval and ensure that the audit plan is updated annually
- Designs audit programs aimed at providing an independent and objective opinion and monitor their implementation and update audit finding based on feedback from audited departments and business units; Monitor, reviews the quality, accuracy and appropriateness of the audit findings, potential impact, refine recommendations and assigns appropriate risk ratings to audit findings; Engages management before and after an audit assignment and ensure that there is a mutual understanding of the process and follows up on outstanding audit findings with management; Presents audit pack for the period under review to the audit committee for appropriate action, and reviews and ensures that the terms of reference for special assignments have been addressed; Co-ordinates the design, review and update of the policies and procedures for the department; Plans and monitors audit resource and reviews budget variances and takes appropriate action; Liaises with external stakeholders such as external auditors with regards to the control environment; Undertakes such other assignments as assigned by the board or managing director.
CHIEF INTERNAL AUDITOR
BAYPORT FINANCIAL SERVICES LIMITED
07.2020 - 12.2020
- Establishing and reviewing policies and procedures of the audit function
- Advising the management on the adequacy of internal control systems of the Company and giving recommendations on improvement and continuously reviewing monitoring implementation
- Ascertaining the effectiveness with which the Company's assets are accounted for and safeguarded from all kinds of losses arising from fraud and other offences, waste, extravagance, inefficient administration, poor value for money and other causes
- Preparing annual audit programmes, scheduling work for department staff and supervising the implementation of such plans, Reviewing he suitability and reliability of management information produced within the organisation
- Ensuring compliance to set policies and procedures as outlined by the BOZ, the Government and other professional bodies and where necessary advising on the development of new ones
- Analysing the outcomes of audit activities, drafting or reviewing reports for discussion in the Board Audit committee and participating in the preparation of the agenda for the audit committee
- Leading, developing and appraising staff in the department
- Liaising with external auditors both from the BOZ & the External Auditors on the annual audits and ensuring that the External Auditors' reports are followed management and implemented
- Ensuring that the internal audit recommendations are implemented by the concerned parties and advising the CEO and the group accordingly
- Monitoring the efficiency of the Company's operations in general and more specifically branches and departments, identifying areas that offer opportunities for improvement and making recommendations to the CEO
- Performing special investigations as deemed fit or as directed by management.
CHIEF FINANCIAL OFFICER
BAYPORT FINANCIAL SERVICES LIMITED
01.2020 - 06.2020
- Ensured implementation of board policies with regard to the allocation and distribution of financial resources
- Led in ensuring that the company maintains sound accounting system and procedures that were in line with international financial reporting standards and all statutory requirements
- Prepared a comprehensive and consolidated budget for the company in order to facilitate financial resource mobilization
- Prepared and implemented strategic plans
- Planned and sourced for financial resources to meet cash flow and other operational needs at competitive rates
- Guaranteed that the investment portfolios, including off-balance sheet items are reconciled and up to date monthly
- Implemented effective treasury management strategies that ensured optimized investment of surplus funds on the money and capital markets
- Certified that the implementation of investment policies were in line with board policy guidelines ensuring acceptable returns were earned on all investment port folios undertaken, including recommendation of divestment options identified to the board
- Spearheaded timely preparation of audited financial statements for presentation to the board
- Prepared monthly and quarterly management accounts for management and board meetings respectively for decision making and control purposes
- Ensured timely preparation and submission of prudential returns to the central bank.
ASSISTANT GENERAL MANAGER FINANCE
BAYPORT FINANCIAL SERVICES LIMITED
02.2019 - 01.2020
- Management and supervision of finance staff as well as inter departmental co-ordination
- Coordinated internal and external audits as well as reviewing audited financial statements and supplier and bank reconciliations
- Monitored and supervision of payments and collections, ensured follow ups and resolution of tax matters with ZRA and external auditors
- Key personnel in reporting payment systems to the Central Bank on a monthly basis
- Preparation of board packs
- Coordinate with the Bank of Zambia to address audit issues and provide monthly feedback on status updates
- Review of departmental budgets and consolidation for Board approval
- Responsible for preparation of senior payment and review of General, Manager and Assistant Manager Payrolls
- Review of monthly, quarterly and annual financial reports provided to various stakeholders such as Executive Management, the Board, Funders, Regulators such as the Central Bank and Securities and Exchange Commission
- Liaison with various key stakeholders on issues affecting the business and discussions on extension of credit
- Identification and management of key financial risks by liaising with the Enterprise risk management unit of the business
- Reviewed prudential returns to Bank of Zambia.
SENIOR AUDIT MANAGER
KPMG
12.2016 - 09.2018
- Conducted statutory audits under the supervision of an engagement Partner by performing the following: Audit planning, Internal controls review and testing, Substantive testing, Preparation/review of financial statements and reports to Management.
AUDIT MANAGER
DELOITTE & TOUCHE
12.2009 - 11.2016
- Establishing and reviewing policies and procedures of the audit function
- Advising the management on the adequacy of internal control systems of the Company and giving recommendations on improvement and continuously reviewing monitoring implementation
- Ascertaining the effectiveness with which the Company's assets are accounted for and safeguarded from all kinds of losses arising from fraud and other offences, waste, extravagance, inefficient administration, poor value for money and other causes
- Preparing annual audit programmes, scheduling work for department staff and supervising the implementation of such plans, Reviewing he suitability and reliability of management information produced within the organisation
- Ensuring compliance to set policies and procedures as outlined by the BOZ, the Government and other professional bodies and where necessary advising on the development of new ones
- Analysing the outcomes of audit activities, drafting or reviewing reports for discussion in the Board Audit committee and participating in the preparation of the agenda for the audit committee
- Leading, developing and appraising staff in the department
- Liaising with external auditors both from the BOZ & the External Auditors on the annual audits and ensuring that the External Auditors' reports are followed management and implemented
- Ensuring that the internal audit recommendations are implemented by the concerned parties and advising the CEO and the group accordingly
- Monitoring the efficiency of the Company's operations in general and more specifically branches and departments, identifying areas that offer opportunities for improvement and making recommendations to the CEO
- Performing special investigations as deemed fit or as directed by management.
Education
Master's in Business Administration in Financial Services -
University of East London
03.2013
Professional Certificate -
06.2005
O' LEVELS GRADE 12 -
CHENGELO SCHOOL
11.2001
Skills
- Meticulous attention to detail
- Strong communication skills
- Critical thinker
- Possesses business acumen
- Leadership skills
- Internal Controls
- Management accounting
- General Ledger Management
- Financial Management
- Process Improvement
- Policy Development
- Internal control management
- Credit Control
Affiliations
- Fellow of Zambia Institute of Chartered Accountants (FZICA)
- Fellow of Association of Chartered Certified Accountants (FCCA)
- Member of Institute of Internal Auditors (IAA)
Auditandaccountingpackages
- Dynamics Navision accounting package
- Pastel
- Microsoft dynamics
- Teammate Internal Audit Software
- AS2 external audit software
- KPMG e-Audit
- Caseware
References
- Mr. Maybin Muyawala, Former Managing Director, Development Bank of Zambia, maybin.muyawala@levinandgoldstein.com, +260 966 844 095
- Mr. Jason Kazilimani, Senior Partner, KPMG Chartered Accountants, Jkazilimani@kpmg.com, +260 762 066 318/0979370989
- Mrs. Alice Tembo, Audit Partner, Deloitte & Touche, atembo@deloitte.co.zm, +260977740385
- Mr. Justin Chola, Former CEO, Bayport Financial Services Limited, Justinmchola@gmail.com, +260966430938
Timeline
Financial Controller
Radisson Blu Livingstone Resort
04.2024 - 06.2024
HEAD OF INTERNAL AUDIT
DEVELOPMENT BANK OF ZAMBIA (DBZ)
05.2021 - 01.2024
CHIEF INTERNAL AUDITOR
BAYPORT FINANCIAL SERVICES LIMITED
07.2020 - 12.2020
CHIEF FINANCIAL OFFICER
BAYPORT FINANCIAL SERVICES LIMITED
01.2020 - 06.2020
ASSISTANT GENERAL MANAGER FINANCE
BAYPORT FINANCIAL SERVICES LIMITED
02.2019 - 01.2020
SENIOR AUDIT MANAGER
KPMG
12.2016 - 09.2018
AUDIT MANAGER
DELOITTE & TOUCHE
12.2009 - 11.2016
Master's in Business Administration in Financial Services -
University of East London
Professional Certificate -
O' LEVELS GRADE 12 -
CHENGELO SCHOOL
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