Muchindu Malawo
LUSAKA
Summary
Detail-oriented Accountant affiliated with ZICA with over 14 years effectively maintaining accurate accounting information for large-scale financial organizations. History working as part of financial team to manage diverse financial functions, tax management and reporting. Works closely with executive management on complex mergers and acquisitions and divestitures. Adept at managing budgets, payroll, invoicing and general accounting functions. Instrumental in keeping business operations fully compliant and working within budgetary guidelines.
Overview
13
13
years of professional experience
1
1
Certification
Work History
ACCOUNTANT
HYBRID POULTRY FARM, VERINO AGRO INDUSTRIES
01.2015 - Current
- Preparation of monthly reports
- Preparation of management and financial reports
- Presentation of management reports
- Handling and management of bank and supplier’s reconciliation
- Managing and reviewing of supplier’s invoices ensuring that postings match purchases orders
- Management and review of payment vouchers ensuring all necessary documents are attached
- LPO, GRN
- Initiating and process payments for suppliers
- Management and review of all reconciliations of vendors accounts and following up on reconciling items and agreeing on GL accounts to AP
- Management of receivables
- Management of receivables, ensuring that receivables remain within terms and credit limits are adhered to
- Management of bad debt provision ensuring that bad debts provided for are followed up and collected rather than written off
- Ensuring weekly circulation of customer statements, make debtor visitations and send reminders
- Supervision and participation in the debt collection
- Management of all credit customers and ensuring all customer’s accounts are within the stipulated credit period
- Blocking of defaulting customer’s accounts till receipt of payment
- Internal controls management ensuring full compliance with internal control matrix in respect with controls relating to accounts receivables
- Maintaining an up-to-date fixed asset register
- Capitalization of assets that require capitalization
- Amortization of assets
- Running of depreciation monthly
- Ensuring that GL balances with Subsidiary monthly
- Prepare weekly cash flow projections for the group FD
- Management and review of timely and accurate Bank and Cashbook reconciliations
- Management of all cash and cheque deposits daily
- Ensuring all reconciling items are followed up
- Submission of final bank recons to the finance director
- Preparation of timely and accurate monthly payroll (SAGE VIP PAYROLL)
- Ensuring all new and former employees lists are updated monthly
- Updating payroll journals immediately received; and ensuring all payroll accounts are accurately reconciled
- Manage Leave Accrual for the department of responsibility
ACCOUNTANT
BSI STEEL ZAMBIA LIMITED
04.2010 - 03.2015
- Perform daily bank reconciliations.
- Ensuring all Kwacha & Dollar bank balances are reconciled to the cashbook on AX system daily
- Investigating all reconciling items and resolve them within 5 working days
- Investigating all recording errors and resolving them immediately and file month end reconciliation in audit file
- Prepare transfer payment instructions using online banking for various payments
- Post transfer payments and ensure matched to invoice, inform the credit controller of all transfers received and the cashier of all un-receipted transfers
- Recording of all bank charges and bank interest in liaison with the relationship managers for all queries and corrections
- (I have managed to create very good relationship with the bank personnel and relationship managers at Stanbic, Barclays and Citi bank making my job easier and enjoyable)
- Very conversant with electronic banking, generating statements and performing all online banking payments both Dollar and Kwacha accounts
- Ensuring that all petty cash claims are approved and filed, and reimbursement is done on time and a reconciliation to the system on a weekly basis
- Prepare VAT, PAYE, and NAPSA by 5th of the following month
- Payroll computation (DOVE PAYROLL)
- Updating payroll journals immediately received; and ensuring all payroll accounts are accurate
- Very conversant with the new ZRA system of compiling VAT
- Maintain an up-to-date Fixed Asset Register (FAR)
- Compute monthly depreciation; and
- Ensure FAR reconciles to the General Leger in the system
- Reconciliation of all intercompany accounts at the month end and report to top management
- Making payments to all suppliers and ensuring that all payments are posted, and invoices matched correctly
- Reconciling accounts payable and receivables
- ACHIEVEMENTS /ACCOMPLISHMENTS
Education
DIPLOMA - ACCA
ZCAS
LUSAKA ZAMBIA12.2024
Skills
- Stock Valuation
- Financial Information Systems
- Development Management
- Resource Monitoring and Control
- Structure Information
- P&L Tracking
- Registration Paperwork
- Word Processing
- Recruitment and Hiring
- Stakeholder and Investor Relations
- AP and AR Management
- Financial Due Diligence
Accomplishments
- 2016-Awarded Certificate for most Dedicated and hardworking Accounts Employee of the year (VERINO AGRO INDUSTRIES).
- Managed to reduce claims for key suppliers i.e Shoprite and Pick n pay from 5% to 1.5% over the period by following up on and verifying if they are genuine.
- Reduced debtors by prompt reminders to customers thereby reducing bad debts over the period.
- Acting Management accountant whenever the management accountant is away on leave, and I manage 3 colleagues by reviewing all their work timely and accurately.
- Interim & Annual Audits-coordinate interaction with external auditors and resolution of audit requirement.
Affiliations
- ZAMBIA INSTITUTE OF CHATERED ACCOUNTANTS
Certification
- ACCA LEVEL 2- ZCAS
- Licensed ACCOUNTANT - 2015 TO CURRENT
- CERTFIED ACCOUNTING TECHNICIAN - ZCAS
- CHIPEMBI GIRLS SCHOOL- GRADE 12 CERTIFICATE (2004)
Timeline
ACCOUNTANT
HYBRID POULTRY FARM, VERINO AGRO INDUSTRIES
01.2015 - Current
ACCOUNTANT
BSI STEEL ZAMBIA LIMITED
04.2010 - 03.2015
DIPLOMA - ACCA
ZCAS
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