Thomas Musukwa
Kasama
Summary
Accomplished and dedicated Chartered Accountant with a proven track record at Development Alternatives Incorporated (DAI) SUN TA Project,World Vision Zambia , Purse Financial Services ltd and Dana Holding Group of Companies with 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, driving strategic business decisions and growth.
Overview
14
14
years of professional experience
Work History
Regional Accountant
Development Alternatives Incorporated (DAI) SUN TA Project
02.2022 - 06.2024
- Provided actionable insights to management through comprehensive financial analysis and performance metrics tracking for 7 Districts in the Region.
- Increased financial accuracy by conducting thorough account analysis and 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.
- Established relationships with key suppliers/vendors to negotiate favorable terms when executing contracts, resulting in reduced costs for the organization.
- 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
- Facilitate mobile money for Districts using tilt platform to government staff and volunteers.
- Optimized cash flow management by analyzing receivables, payables, and bank transactions regularly.
- Supported company growth initiatives by maintaining scalable accounting systems and processes in alignment with business objectives.
District Finance and Administration Officer
Development Alternatives Incorporated (DAI) SUN TA Project
08.2019 - 01.2022
- Developed strong working relationships with colleagues, contributing to a positive work environment.
- Provided exceptional customer service, addressing inquiries professionally and in a timely manner in 7 Districts in the Region.
- Aided colleagues, managers, and customers through regular communication and assistance.
- 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.
- Coordinating the District Annual budgeting, expenditure and reporting.
- First point of contact for all visitors
- Responsible for 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
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.
- Enhanced financial transparency with detailed monthly reports on expenses and revenues.
- Assisted in the preparation of accurate financial statements, ensuring compliance with legal requirements and accounting standards.
- Conducted thorough audits of program transactions, identifying discrepancies and recommending corrective actions.
- Optimized cash flow management through timely invoicing and diligent follow-up on overdue payments.
- 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.
- Developed comprehensive financial policies and procedures, improving overall efficiency within the organization''s finance department.
- 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.
- Assisted in the design of customized financial reports tailored to meet specific program needs, increasing visibility into critical performance metrics.
- Strengthened internal controls through regular reviews of existing processes and recommendations for improvements where necessary.
- Developed and delivered training materials on key accounting principles to non-finance staff members, fostering a better understanding of financial processes across the organization.
Accountant
Pulse Financial Services Limited
09.2012 - 11.2013
- Increased efficiency by streamlining accounting processes and implementing new financial software.
- 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%.
- Reduced expenses by negotiating with vendors for better pricing and terms on services and supplies.
- Enhanced financial decision-making capabilities by providing timely, accurate information to management through regular performance reports.
- Supported department objectives by participating in cross-functional projects with other departments as needed.
- Maintained compliance with federal, state, and local tax laws by staying informed about changes and filing all required forms accurately and promptly.
- Developed comprehensive budgets that aligned with company goals while ensuring fiscal responsibility.
- 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.
- Assisted in the development of financial forecasts based on historical trends and current market conditions, supporting strategic planning initiatives within the organization.
- Implemented effective cost control measures to minimize overspending without sacrificing quality or service levels.
- Enhanced profitability by identifying opportunities for revenue growth through detailed analysis of customer sales data.
- Managed cash flow effectively, ensuring all company liabilities were met in a timely manner and surplus funds were invested wisely.
- Established strong relationships with banking partners to facilitate access to various financial services and secure favorable lending terms for the organization.
- Maintained accurate records of fixed assets, including acquisition costs, depreciation schedules, and current values for insurance purposes.
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
Assistant Accounts Officer
Dana Holdings Group of Companies
01.2010 - 08.2012
- Strengthened financial recordkeeping by updating the accounting software system regularly and training staff members on its use effectively.
- Optimized cash flow management with regular monitoring of bank account balances and transactions.
- Achieved more accurate revenue forecasting through detailed trend analysis and close monitoring of key performance indicators.
- Reviewed new accounts to determine course of action and process to proper workflow.
- Assisted in annual budget preparation, ensuring proper allocation of resources for company growth.
- Provided valuable input during strategy meetings, offering insights based on financial performance analysis results.
- Enhanced interdepartmental communication by collaborating closely with colleagues to resolve accounting discrepancies efficiently.
- Monitored budgets and transactions to verify compliance or initiate corrective actions.
- Elevated internal controls, conducting thorough audits of financial processes to identify areas for improvement.
- Simplified expense report management, implementing a user-friendly tracking system for employees.
- Worked closely with senior staff on handling special needs accounts.
- Streamlined invoice processing by implementing an efficient digital filing system.
- Demonstrated adaptability during periods of organizational change or growth, adjusting accounting practices as needed to align with new business objectives.
- Played a vital role in risk management efforts, identifying potential financial issues early on to mitigate their impact.
- Ensured tax compliance by preparing accurate quarterly and annual returns in adherence to regulations.
- Supported month-end closing procedures, contributing to timely and accurate financial statements.
- Increased efficiency in payment processing, automating routine transactions while maintaining strict security protocols.
- Managed accounts payable and receivable functions, ensuring prompt settlement of all obligations and collection of payments due.
- Maintained up-to-date knowledge of accounting best practices, attending professional development workshops and seminars regularly.
- Reduced outstanding accounts receivables with diligent follow-up on overdue invoices.
- Improved financial reporting accuracy through meticulous data verification and analysis.
- Collaborated with external auditors during annual reviews, providing necessary documentation promptly for a smooth process.
- Communicated and resolved disputes with clients regarding outstanding invoices, payments and adjustments.
- Input vendor payments and updated accounts to reflect new balances.
- Checked expenses against budget controls, entered figures and reconciled business accounts to address discrepancies.
- Collaborated with purchasing department to reconcile vendor invoices and facilitate payments.
- 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.
- Managed customer deliveries and assisted with carrying out orders to promote maximum satisfaction.
- Managed all accounting needs and account updates for Dana Holding Group operations.
- Overhauled process for year-end inventory audits to improve accuracy.
- Supervised accounting department operations and team of up to 4 employees.
Education
MBA-Finance - Accounting And Finance
UNICAF University
Lusaka Zambia12.2024
Full Zica Professional Qualification - Accounting And Finance
Evelyn Hone College
Lusaka Zambia 06.2016
Skills
- Bank Reconciliation
- Financial reports
- Advanced Excel
- Deadline-oriented
- Accounting Software Proficiency
- Risk Assessment
- General Ledger Management
- Cash Flow Management
- Accounts Payable and Receivable
- Fixed Asset Management
- Internal Controls
- Operating Procedures
- Auditing procedures
- Consolidation Accounting
- Project Accounting
- Cost accounting
- Variance Analysis
- Expense Tracking
- International Accounting Standards
- Grant Management
- Nonprofit Accounting
- Budgets
- Journal Entries
- Bookkeeping and Reconciliation
- Team Collaboration
- Decision-Making
- Relationship Building
- General accounting
- Team Building and Leadership
- Microsoft Office
- Accounting Processes
- Critical Thinking and Analysis
- Account reconciliation processes
- Accounts Payable
- Balance sheets
- Financial Statements
- Employee Motivation
- General ledger accounting
- Employee Training
- Document Recordkeeping
- Accounting Software Systems
- Tax Return Preparation
- Workload Management
- Accounting Records Analysis
- Account Reconciliation
- Staff Training
- Payroll Management
- General Ledger
- 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
Affiliations
Fellow Member Of The Zambia Institute of Chartered Accountants (ZICA)
Additional Information
REFEREES
1. Etah Manda
Senior Regional Manager Zone 2
Development Alternatives Incorporated (DAI) -SUN TA Project
Kasama
Contact No: +260 977492860/0966450792
Email: emandamag@gmail.com
2. Sydney Kanyata
Former Chief Finance Officer (CFO)
Pulse Financial Services ltd
Lusaka
Contact No: +260 967991862
Email: skanyata@gmail.com
3. Patrick Chibanda
Former District Manager
Development Alternatives Incorporated (DAI) -SUN TA Project
Kasama
Cell: 0970790777 or 0966167465
Emil: patrickkibanda@gmail.com
Timeline
Regional Accountant
Development Alternatives Incorporated (DAI) SUN TA Project
02.2022 - 06.2024
District Finance and Administration Officer
Development Alternatives Incorporated (DAI) SUN TA Project
08.2019 - 01.2022
Area Program Accountant
World Vision Zambia
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
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