Thomas Musukwa
Zambia Kasama
Summary
Accomplished and dedicated Chartered Accountant with a proven track record of 13 Years’ Experience in Finance and Administration. Showcasing expertise in financial reporting and advanced Excel skills. Known for enhancing financial accuracy by 30% through optimized processes and fostering team collaboration. Excels in risk assessment and building strong relationships.
Overview
15
15
years of professional experience
Work History
Company Accountant
Nannette Investment ltd
Kasama
10.2024 - Current
- Prepare and Maintain Financial statements
- Manage account payable and receivable
- Oversee budget preparation and financial forecasts
- Oversee quarterly cash flow forecasts for approval and submission to the Board and United States Development Foundation (USADF)
- Work with the hired financial consultant to develop a financial policy manual for the company
- Train company staff on financial policies and procedures development and ensure adherence to them
- Implement and strengthen internal control systems and continuous process performance improvements
- Anticipate and identify risk issues in the company financial system and determine the most appropriate solutions to address them
- Ensure NAPSA, VAT, PAYE and NHIMA returns are submitted in a timely manner and payments are made when due
- In collaboration with hired Financial Consultant, plan and perform internal audit control reviews and compliance assessments
- Analyze results and provide recommendations to the Board of Directors
- Ensure that company financial statements are audited annually by external auditors and co-ordinate action to close out audit findings
- Ensure petty cash is maintained as per company petty cash financial policy
- To perform any lawful duties assigned by the Directors
Regional Accountant
Development Alternatives Incorporated (DAI) USAID-SUN TA Project
Kasama
02.2022 - 06.2024
- Provided actionable insights to management through comprehensive financial analysis and performance metrics tracking and Increased financial accuracy by conducting Reconciliations for 7 Districts in the Region
- Reduced time spent on month-end close activities by optimizing workflow processes and automating routine tasks
- Enhanced financial reporting quality by implementing robust internal controls and documentation procedures
- Collaborated with cross-functional teams to develop budget forecasts, supporting strategic business decisions
- Facilitated successful audits by maintaining organized records, coordinating with external auditors, and addressing any identified issues promptly
- Contributed to cost-saving initiatives through rigorous expense review and monitoring against budget targets
- Mentored junior staff members (7) District Administration and Finance Officers on best practices in district accounting, fostering a collaborative work environment focused on continuous learning
- Streamlined accounting processes for improved efficiency and reduced errors in 7 Districts
- Collected and reported monthly expense variances and explanations
- Trained new employees on accounting principles and company procedures
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry
- Cooperated with senior leaders to create operating budgets and initiate financial planning
- Ensure that accounting practices in each of the 7 districts are carried out in accordance with GAAP standards
- Generate the Stores Report for the Region (inventory management)
- Facilitate mobile money for Districts using tilt platform to government staff and volunteers
District Finance and Administration Officer
Development Alternatives Incorporated (DAI) USAID SUN TA Project
Kasama
08.2019 - 01.2022
- Developed strong working relationships with colleagues, contributing to a positive work environment and exceptional Customer service
- Maintained high levels of organization within the office space through regular supply inventory checks and proactive restocking efforts
- Improved record-keeping accuracy by creating an updated filing system for confidential documents and materials
- Organized numerous events and conferences, coordinating logistics and maintaining clear communication with all stakeholders and first point of contact for all visitors
- Coordinating the District annual budgeting, expenditure and reporting
- Responsible for warehouse management and reporting
- Handle petty cash disbursements, staff advances and maintain accurate documents for payments and replenishments
Area Program Accountant
World Vision Zambia Area Development Programs, USAID Luapula Stop Malaria Project (FEC) and Mantapa Refugee Camp Emergency Response Project
12.2013 - 07.2019
- Improved financial reporting accuracy by streamlining the reconciliation process and implementing automated tools
- Supported budget development for program departments, leading to more effective resource allocation 6 Sectors
- Conducted thorough audits of program transactions, identifying discrepancies and recommending corrective actions
- Collaborated with 6 project managers to develop accurate cost estimates for funding proposals
- Ensured proper allocation of funds by closely monitoring project budgets and expenditures
- Maintained clear communication with both internal stakeholders and external auditors throughout all stages of the auditing process
- Implemented an effective system for tracking grants, contracts, and other funding sources to ensure timely reporting to donors
- Streamlined accounts payable processes, resulting in faster vendor payment turnaround times and improved relationships with suppliers
- Provided valuable support during annual budget planning meetings by presenting accurate financial data analysis to decision makers
- Maintained accurate records of fixed assets, assisting in depreciation calculations and asset tracking efforts
- Contributed to successful audit outcomes by diligently preparing required documentation and addressing auditor inquiries promptly
- Strengthened internal controls through regular reviews of existing processes and recommendations for improvements where necessary
Accountant
Pulse Financial Services Limited
Lusaka
09.2012 - 11.2013
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices by 30%
- Enhanced financial decision-making capabilities by providing timely, accurate information to management through regular performance reports
- Maintained compliance with Government local tax laws by staying informed about changes and filing all required forms accurately and promptly
- Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks for 12 Branches
- Conducted thorough internal audits to identify discrepancies, recommend corrective actions, and ensure adherence to established policies and procedures in 12 branches
- Collaborated with external auditors during the annual audit process to provide necessary documentation and address any concerns or findings promptly
- Maintained accurate records of fixed assets, including acquisition costs, depreciation schedules, and current values for insurance purposes
Assistant Accounts Officer
Dana Holdings Group of Companies
Lusaka
01.2010 - 08.2012
- Strengthened financial recordkeeping by updating the accounting software system regularly and optimized cash flow management with regular monitoring of bank account balances and transactions
- Enhanced interdepartmental communication by collaborating closely with colleagues to resolve accounting discrepancies efficiently
- Played a vital role in risk management efforts, identifying potential financial issues early on to mitigate their impact
- Ensured tax compliance by preparing accurate monthly, quarterly and annual returns in adherence to regulations
- Supported month-end closing procedures, contributing to timely and accurate financial statements
- Reduced outstanding accounts receivables with diligent follow-up on overdue invoices and Communicated and resolved disputes with clients regarding outstanding invoices, payments and adjustments
- Checked expenses against budget controls, entered figures and reconciled business accounts to address discrepancies
- Assisted cashiers with processing customer payments and documenting orders
- Updated general ledger of accounts with current, accurate and industry-compliant data to meet all internal and external audit requirements
Education
MBA - Finance : Accounting And Finance
UNICAF University
Lusaka, Zambia12.2024
Full ZICA Professional Qualification - Accounting And Finance
Evelyn Hone College
Lusaka, Zambia06.2016
ZICA Licentiate - Accounting And Finance
Evelyn Hone College
Lusaka Zambia06-2010
ZICA Technician - Accounting And Finance
Evelyn Hone College
Lusaka Zambia06-2008
Skills
- Bank Reconciliation
- Financial reports
- Advanced Excel
- Risk Assessment
- General Ledger Management
- Cash Flow Management
- Accounts Payable and Receivable
- Fixed Asset Management
- Internal Controls
- Operating Procedures
- Auditing procedures
- Project Accounting
- Variance Analysis
- Expense Tracking
- International Accounting Standards
- Grant Management
- Nonprofit Accounting
- Team Collaboration
- Decision-Making
- Relationship Building
- Team Building and Leadership
- Microsoft Office
- Financial Statements
- Employee Motivation & training
- Tax Return Preparation
- Workload Management
- Accounting Records Analysis
- Payroll Management
- Financial Statements Review
- Annual reports
- Compliance Reporting
- Cash Flow analysis
- Data Analysis
- Financial Controls
- Financial records review
- Payroll Auditing
- Account reconciliation specialist
- Financial Reporting
- Risk Management
- Profits and losses tracking
- Statement Review
- Schedule Coordination
- Audit Support
- Tax Computation
- Financial Data Analysis
- Inventory Assessment
- Records Maintenance
- Results Orientation
- Payroll Review
- Audit management
- Audit Planning
- Tax Preparation
- Accounting Principles
- Financial Management
- Budget Preparation
- Budget Analysis
- Analytical research
- Forecasting
- GAAP Accounting Practices
- Report Preparation
- Strategy Development
- SUN 6 proficient
- Administrative Oversight
- Cost accounting
- General accounting
- Employee Training
- Accounts Payable
- Balance sheets
- General ledger accounting
- Staff Training
Affiliations
Fellow Member Of The Zambia Institute of Chartered Accountants (ZICA)
References
- Etah Manda, Senior Regional Manager Zone 2, Development Alternatives Incorporated (DAI) -SUN TA Project, Kasama, Zambia, +260 977492860/0966450792, emandamag@gmail.com
- Sydney Kanyata, Former Chief Finance Officer (CFO), Pulse Financial Services ltd, Lusaka, Zambia, +260 967991862, skanyata@gmail.com
- Patrick Chibanda, Former District Manager, Development Alternatives Incorporated (DAI) -SUN TA Project, Kasama, Zambia, 0970790777 or 0966167465, patrickkibanda@gmail.com
Timeline
Company Accountant
Nannette Investment ltd
10.2024 - Current
Regional Accountant
Development Alternatives Incorporated (DAI) USAID-SUN TA Project
02.2022 - 06.2024
District Finance and Administration Officer
Development Alternatives Incorporated (DAI) USAID SUN TA Project
08.2019 - 01.2022
Area Program Accountant
World Vision Zambia Area Development Programs, USAID Luapula Stop Malaria Project (FEC) and Mantapa Refugee Camp Emergency Response Project
12.2013 - 07.2019
Accountant
Pulse Financial Services Limited
09.2012 - 11.2013
Assistant Accounts Officer
Dana Holdings Group of Companies
01.2010 - 08.2012
MBA - Finance : Accounting And Finance
UNICAF University
Full ZICA Professional Qualification - Accounting And Finance
Evelyn Hone College
ZICA Licentiate - Accounting And Finance
Evelyn Hone College
ZICA Technician - Accounting And Finance
Evelyn Hone College
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