Rayson Bandashi
Lusaka
Summary
Accomplished and Focused Chartered Accountant with 12 years progressive expérience in Accounting and Auditing fields. Proven track record of leading an Audit team and delivering recommendations and insights to Senior Management and the Board. Strong proficiency in Microsoft Excel with a keen eye on data analytics. Master of Science Degree in Accounting and Finance graduate from the University of Lusaka. Enthusiastic about joining an organisation that is creating a safe space for community growth through cross-functional initiatives
Overview
11
11
years of professional experience
1
1
Certification
Work History
Chief Internal Auditor
Ministry Of Local Government And Rural Development - Solwezi Municipal Council
Zambia
08.2018 - Current
- Enhanced internal audit efficiency by implementing risk-based auditing methodologies and data analytics tools.
- Reduced operational risks through regular audits, identification of process gaps, and providing actionable recommendations.
- Streamlined audit processes by developing comprehensive audit programs and guidelines for various business units.
- Promoted a strong culture of compliance within the organization by conducting training sessions on internal controls and ethical standards.
- Developed the Internal Audit Charter.
- Provided advice to Senior Management in the development of Risk Management Policy.
- To liaise with External Auditors and providing support to ensure that External Audits are conducted expeditiously.
- To prepare and present operational Budgets for Internal Audit Department.
- To ensure that all financial records are verified for accuracy to prevent the risk of misstatements.
- Submission of Quarterly Internal Audit Reports to the board to aid in decision making.
- To coordinate with process owners to ensure timely completion of audit deliverables, resulting in improved client satisfaction.
- To mentor and train audit staff on audit methodology and best practices, resulting in improved audit quality and staff development.
- To update and review the Risk Register.
- To provide independent assurance to the board and senior management on the effectiveness and implementation of Municipality’s processes and risk management framework.
- To lead field work for the municipality including risk assessment, testing and reporting resulting in financial performance and compliance.
- To develop audit procedures and monitor the execution of the procedures per the audit programme to evaluate the adequacy and effectiveness of identified key controls.
- To analyse financial data in order to identify trends, variances and opportunities resulting in actionable recommendations for the Municipality.
- To communicate audit results and recommendations to senior management resulting in improvements to control environment and reduction in control deficiencies.
- To collaborate with management to identify key risks and provide advice on the development of effective risk management strategies, resulting in increased confidence in Internal Controls.
- To conduct risk assessments, monitoring and evaluating the effectiveness of risk management, internal controls and governance processes.
- To develop risk based Audit Plans that align with the Municipality’s risk profile, strategies and priorities and adjust plan as necessary to current developments.
Deputy Treasurer
Ministry Of Local Government And Rural Development-Luwingu Town Council
Zambia
06.2017 - 07.2018
- Enhanced financial reporting accuracy by streamlining processes and implementing new software tools.
- Reduced budget discrepancies through thorough analysis and reconciliation of accounts.
- Strengthened internal controls by developing and enforcing policies for cash management.
- Increased transparency in financial transactions with improved record-keeping practices and regular audits.
- Developed and presented regular financial reports to senior management resulting in informed decision making.
- Safeguarded the organization’s assets by ensuring that internal controls were being implemented
- Checked and verified all payments to ensure that they had relevant documentation before approval.
- Provided all required information during External/Internal Audit Assignments.
- Responded promptly and fully to observations and queries received from both External and Internal Auditors.
- Ensured that utilization of funds done in compliance with the relevant laws and regulations.
- Developed internal controls for finance department and ensured that they operated effectively.
- Responsible for 12 employees and all administrative functions of Finance department.
- Managed the Budgeting process
- Prepared payroll
- Performed financial due diligence for potential investments to assess their viability.
- Prepared Annual Financial Statements.
Assistant Officer-Finance
Bayport Financial Services Limited
Lusaka, Zambia
12.2012 - 06.2017
- · Assisted the Finance Manager in the implementation of the new accounting system resulting in a significant decrease in processing time and reduced errors in financial reports.
- Maintained Record keeping of all payment vouchers.
- Ensured that all bank instructions were delivered to the banks in time.
- Provided all required information during External/Internal Audit Assignments.
- Checked and verified that all payments had relevant supporting documentation before approval and processing of payments
- Analyzed petty cash expenses by ensuring that each expense is put in the correct cost centre and checked whether the payment vouchers were approved.
- Ensured that all loan disbursement receipts were captured and correctly accounted for in the ledger.
- Ensured that all cash and cheque receipts were deposited.
- Daily and monthly reconciliation of cash receipts and payments for various branches.
- Performed monthly reconciliations of mobile money transfer (Kwacha Mover Reconciliation)
- Performed reconciliation of all supplier accounts and ensured that all invoices were posted.
- Ensured that all payments were processed in time.
- Performed monthly bank reconciliations except for Accounts payables.
- Maintained and updated the Fixed Asset Register for the company.
- Assisted the Finance Manager in preparation of payroll.
- Assisted the Finance Manager in the preparation of budgets.
Education
Master Of Science Degree In Accounting And Financ - Accounting And Finance
University of Lusaka
Lusaka,Zambia11.2021
ZICA Professional Level. - Accounting
Zambia Centre For Accountancy Studies
Lusaka,Zambia05.2017
ZICA Licentiate - Accounting
Zambia Centre For Accountancy Studies
Lusaka, Zambia 05.2011
ZICA Technician - Accounting
Zambia Centre For Accountancy Studies
Lusaka, Zambia 07.2010
Skills
- Financial Reporting
- Auditing
- Budgeting and Forecasting
- Internal Controls and Control Assessments
- Account Reconciliation
- Risk Assessment and Risk management
- Data Analytics
- Internal Audit Planning
- Internal Audit Report Writing
- Stakeholders Management
- IFRS,IAS, ISA and IPSAS
Accomplishments
- Helped the Manager Financial to successfully implement An Accounting System the helped to reduce process time by 30 %.
- Helped Senior Management to reduce on External Audit queries by 80% through providing objective assurance, advice and insights.
- I was part of the Integrity Committee that was recognised as the top achiever among the Local Authorities in Zambia.
- I was the first chief Internal Auditor for the Local Authority to develop the Internal Audit Charter.
- I provided advice to Senior Management in the development of Risk Management Policy.
Certification
Certified Internal Auditor- Pursuing CIA certification with IIA Global. September 2023 - Present.
Languages
English
Bilingual or Proficient (C2)
Referees
Agness Tapisha Aongola, Director Finance. Ministry of Local Government. 📧 aggietaps1981@gmail.com, 📱 260964735548.
Golden Matimba, Chief Human Resource Officer. Ministry of Local Government. 📧golden.matimba@yahoo.com. 📱260977410401.
Brian Mumba, Branch Head, Bayport Financial Services Limited. 📧 mumbabrian93@yahoo.com.📱260976611497.
Affiliations
- Zambia Institute of Chartered Accountants (ZICA).
- Institute of Internal Auditors (IIA)
Timeline
Chief Internal Auditor
Ministry Of Local Government And Rural Development - Solwezi Municipal Council
08.2018 - Current
Deputy Treasurer
Ministry Of Local Government And Rural Development-Luwingu Town Council
06.2017 - 07.2018
Assistant Officer-Finance
Bayport Financial Services Limited
12.2012 - 06.2017
Master Of Science Degree In Accounting And Financ - Accounting And Finance
University of Lusaka
ZICA Professional Level. - Accounting
Zambia Centre For Accountancy Studies
ZICA Licentiate - Accounting
Zambia Centre For Accountancy Studies
ZICA Technician - Accounting
Zambia Centre For Accountancy Studies