Summary
Skills
Work History
Education
Accomplishments
Personal and Voluntary Projects
References
Overview
Generic
Wambulawaye Mumeka

Wambulawaye Mumeka

Summary

Professional Accountant registered with the Zambia Institute of Chartered Accountants, offering a robust foundation in auditing, taxation, and accounting. With eight years of progressively enriching professional experience, I have consistently honed my skills and expertise in these pivotal domains. During my tenure in Audit spanning 5 years (3 years with KPMG), I had the privilege of collaborating across diverse industries, gaining valuable insights into varied business processes both in Zambia and internationally. Currently serving as the Company Accountant at Rainbow Agrosciences Zambia, the third-largest exporter of agrochemicals in China, I play a pivotal role in overseeing financial operations. In this capacity, I actively contribute strategic recommendations that underpin informed decision-making for the Zambian Subsidiary. My core competencies encompass meticulous reviews of business records, ensuring stringent compliance, and upholding a standard of precision in financial practices. Eagerly seeking a new professional opportunity, I am poised to leverage my comprehensive skill set and wealth of experience to propel growth and accomplish both personal and organizational objectives.

Skills

  • External and Internal Audit
  • Preparation of Financial Accounts in accordance to accounting standards
  • Taxation (Zambian and South African Tax)
  • Financial Analysis
  • Proficiency in Accounting Software (SAP, Sage, Quick Books, Microsoft Dynamics and Dove Payroll)
  • Proficiency in Microsoft office software
  • Drafting and implementing organizational policies to reduce the risk of misstatement due to fraud and error
  • Account reconciliations
  • Accounting communication skills
  • Relationship-building skills
  • Time management skills
  • Customer service skills
  • Analytical skills
  • Organizational skills
  • Tech skills
  • Creative problem-solving
  • Attention to detail
  • Drafting and implementing organizational policies to reduce the risk of misstatement due to fraud and error
  • Account reconciliations

Work History

Company Accountant

Rainbow Agrosciences Zambia
Lusaka
08.2022 - Current
  • Develop and implement financial policies, procedures, and controls to maintain strong financial governance.
  • Prepare accurate and timely financial reports, including budgets, forecasts, and variance analysis.
  • Monitor company's cash flow, liquidity, and financial health to provide recommendations for improvement.
  • Conduct regular reviews of financial performance, identify areas of opportunity or risk, and develop action plans accordingly.
  • Collaborate with cross-functional teams to assess the financial feasibility of strategic initiatives, investments, or projects.
  • Manage relationships with external stakeholders such as auditors, tax authorities, banks, and other institutions.
  • Ensure compliance with relevant laws and regulations related to finance and accounting activities.
  • Lead the annual budgeting process by coordinating with department heads and providing guidance on budget development.
  • Oversee accounts payable/receivable functions, ensuring accuracy in invoice processing and timely collections/payments.
  • Provide leadership and guidance to the finance team by setting clear goals, conducting performance evaluations, and fostering professional development opportunities.

Director - Part Time

Shield Business Consultants
Lusaka
12.2020 - Current
  • Plan and manage client engagements.
  • Understand client business and provide appropriate services to meet their expectations.
  • Maintain up-to-date knowledge about company standards, policies and regulations
  • Address client concerns and escalate complex issues to management for immediate resolution.
  • Develop innovative ideas to extend client services.
  • Maintain positive and long-term relationships with clients.
  • Provide support to ensure timely completion of client projects.
  • Manage expenses and staffing to increase revenue.
  • Assist in developing company standards to improve effectiveness and quality of deliverables.
  • Build highly-skilled and achievement-oriented team environment.
  • Develop new client contacts for business growth.

Management Accountant

SCAW Limited
Kitwe
04.2021 - 07.2022
  • Produce timely management accounts including profit and loss accounts, budgets, cash flows, production variance analysis and commentaries.
  • Manage a team consisting of the payroll, receivables, payables, financial accountant and stock controller and provide solutions to all issues encountered in the day-to-day operations.
  • Liaising with parties external to the Company such as the Bank of Zambia, central statistics, external auditors as well as Company's Board.
  • Manage timely processing of payments for goods and services taking advantage of discounts and meeting the company's financial obligations.
  • Led the team to ensure timely reconciliations in month-end closing.
  • Prepare journal entries for provisions as necessary to align costs relating to specific periods and resolving of any technical and or general ledger related queries.
  • Ensure accurate and effective decision-making through the extraction of specific data via existing standard reports or compiling new cost reports, depending on management requirements.
  • Preparation and maintenance of the fixed assets register.
  • Ensure sound cost management processes by performing the necessary reviews to guarantee that detailed cost management supports the overall financial governance and reporting requirements.
  • Review overall financial performance of the business units through regularly scheduled cost meetings and advise line managers and management on appropriate interventions to improve cost effectiveness.
  • Manage change management that supports transformation within the team, clearly promoting cohesion, inclusivity, diversity and integration of the business processes. Manage timely submission of statutory returns for VAT, PAYE, NAPSA, WHT, Income Tax, Worker's Compensation as well as NHIMA.

Senior Auditor

KPMG Chartered Accountants Zambia
Lusaka
10.2019 - 03.2021
  • Develop engagement audit plans after thoroughly understanding the client's business.
  • Lead all relevant meetings with both client and engagement team staff.
  • Ensure audit engagements are conducted efficiently and within set budgets to achieve desired engagement profitability.
  • Execution of audit procedures to identify weaknesses in client's internal controls and provide practical solutions for remediation of identified weaknesses.
  • Review of statutory compliance for clients for the relevant regulators such as Zambia Revenue Authority, National Pension Scheme, Bank of Zambia regulations, PACRA among others.
  • Preparation of financial statements by International Financial Reporting Standards (IFRS) and other applicable reporting frameworks.
  • Preparation of documentation for Audit Committee presentations as well as Management Letter for audit findings.
  • Demonstration of technical competence with regard to emerging issues in the Accounting Profession.
  • Coaching and supervision of junior team members on engagements.
  • Responsibility for own career development as well as ensuring Continuous Professional Development annual targets are met.

Auditor

KPMG Chartered Accountants Zambia
Lusaka
04.2018 - 09.2019
  • Conducting and performing all audit engagements in line with International Standards on Auditing and Financial Reporting standards.
  • Perform risk assessments and develop the audit plan and strategy for specific engagements.
  • Develop a thorough understanding of respective clients and its business environment. Perform the engagements in line with agreed upon procedures and modify the audit plan where necessary.
  • Perform and document clearly all results of procedures performed on the engagements.
  • Prepare and evaluate financial statements and accompanying notes
  • Prepare, analyse and monitor engagement budgets and justify any deviations from budget.
  • Display honesty and integrity and maintain objectivity and independence during the performance of all work.
  • Protect confidentiality of all information obtained and adhere to rules of professional conduct.
  • Provide recommendations to clients on areas of improvement in their processes and operations.
  • Delegate tasks effectively and supervise junior members on the engagement.

Audit Assistance

MPH Chartered Accountants
Lusaka
04.2016 - 03.2018
  • Conducting and performing all audit engagements in line with International Standards on Auditing and Financial Reporting standards.
  • Perform risk assessments and develop the audit plan and strategy for specific engagements.
  • Develop a thorough understanding of respective clients and its business environment. Perform the engagements in line with agreed upon procedures and modify the audit plan where necessary.
  • Perform and document clearly all results of procedures performed on the engagements.
  • Prepare and evaluate financial statements and accompanying notes Prepare, analyse and monitor engagement budgets and justify any deviations from budget.
  • Display honesty and integrity and maintain objectivity and independence during the performance of all work.
  • Protect confidentiality of all information obtained and adhere to rules of professional conduct.
  • Provide recommendations to clients on areas of improvement in their processes and operations.
  • Delegate tasks effectively and supervise junior members on the engagement.
  • Adhere to and respect deadlines, and manage time effectively.

Education

Bachelor of Science - Accounting-Financial Accounting

The University of South Africa
South Africa, Pretoria
12-2015

Certificate - Information Technology

The Copperbelt University of Zambia
Zambia, Kitwe
01-2009

General School Certificate -

Kitwe Boys High School
Zambia, Kitwe
12-2006

Master of Professional Studies - Chartered Accountant

Zambia Institute of Chartered Accountants
Zambia, Lusaka

Accomplishments

  • Introduced findershub.co.zm, a professional job application portal which we launched in 2020.
  • Successfully setup accounting systems for a startup company, Rainbow Agrosciences Zambia in 2022.
  • Handled a client Portfolio at KPMG with a combined revenue of ZMW1.5b.
  • Reduced the Submission of Management Accounts from 20th of the following month to the 10th day of the following month at SCAW Limited.

Personal and Voluntary Projects

  • Director - Shield Business Consultants - Accounting, Tax and Advisory - Part Time
  • Chief Financial Officer - Nalipay - Online payment platform (nalipay.co.zm) - Voluntary
  • Director - Findershub - Job seekers database Zambia (findershub.co.zm) - Voluntary
  • Non-Executive Director - Agrobloom social enterprise - Voluntary

References

  • Gasisipe Monga, Human Resource Consultant, Rainbow Agrosciences Limited, Cell: +260 978580638, Email: sipemoga@gmail.com.
  • Albert Chimbala, Financial controller, SCAW Limited, Cell: +260 955841052, Email: albertchimbala@gmail.com.
  • Chriciant Phalira, Senior Audit Manager, KPMG Zambia, Cell: +260 965 547116, Email: chriciant.phalira@kpmg.com.

Overview

8
8
years of professional experience

Similar Profiles

CREATE PROFILE
Wambulawaye Mumeka