Lungisani Magula
East London
Summary
Experienced with conducting comprehensive audits and ensuring regulatory compliance. Utilizes analytical skills to identify and address financial discrepancies. Track record of improving internal control systems and enhancing organizational efficiency.
Resourceful Accounting professional with almost 5 years of experience in audit preparation and reporting.
Overview
5
5
years of professional experience
Work History
Audit Senior
Auditor General Of South Africa
06.2023 - Current
- Audited full procurement cycle from planning, reviewing, soliciting, awarding, administering and closing out contract to achieve seamless transition at all levels of procurement.
- Ensured that the client implemented robust tracking systems to monitor ongoing contract performance, enabling proactive identification of potential issues.
- Through external auditing, ensured that compliance with industry regulations and standards is maintained throughout all aspects of the supply chain operation.
- Collaborated with internal auditors and officials to ensure compliance with financial reporting standards.
- Reviewed contract reports, bid proposals and requirements with senior management for accuracy and processing.
- Developed strong relationships with clients, addressing concerns promptly and providing timely updates on progress throughout the engagement process.
- Assisted in the preparation of audit reports, presenting findings clearly and concisely to senior management for review.
- Increased overall reliability of financial statements by performing detailed reviews of account reconciliations and supporting documentation.
- Conducted walkthroughs of various business processes, gaining an in-depth understanding of operations while identifying potential control weaknesses.
- Provided guidance to junior auditors on best practices, fostering a collaborative working environment and enhancing team performance.
- Managed multiple engagements simultaneously, prioritizing tasks effectively to meet client deadlines consistently.
- Ensured that contracts' performance is monitored to detect non-compliance with terms and deficient returns and organize proactive resolutions.
- Evaluated supplier quotes based on purchasing procedures and competitiveness in quality, price and delivery.
- Conducted regular audits of supplier performance, addressing any issues or concerns promptly to maintain optimal service levels.
- Evaluated the selection of new suppliers based on their ability to meet organizational needs and requirements.
- Reviewed subcontractor agreements to ensure compliance with all relevant regulations, minimizing risk exposure.
Trainee Accountant
SNG-GRANT THORNTON
02.2020 - 01.2023
- All Relevant SAICA competencies
- Contributed to timely completion of financial audits by compiling necessary documentation and providing accurate information.
- Enhanced financial accuracy by auditing diligently reconciling accounts, identifying discrepancies, and resolving issues.
- Participated in cross-functional projects, offering financial insights and collaborating with colleagues to achieve desired outcomes.
- Ensured strict confidentiality of client financial information, building trust and loyalty
- Optimized internal control procedure through regular review and recommendations for updates of company policies and procedures.
- Consistently ensured that deadlines are met for assigned tasks, contributing to overall efficiency.
Education
Matric -
Sithukuthezi SSS
CTA level 2 - undefined
University of South Africa
B Com - Accounting
University of Fort Hare
Skills
- Ability to work independently and where necessary take key decision in complex situation
- Mentors people at lower levels by investing adequate time and effort in getting to know their challenges and coaching them
- The ability to interact with others and influence them to adopt the best alternative from a range of options;
- Working with teams of different levels had helped me to gain the ability to create a clear sense of common purpose and vision for others and the ability to motivate and inspire others
- Building and maintain effective working relationships
- High level of attention to detail
- Analytical and problem solving
- Effective communication - verbal and written
- Sound professional judgement
- Management and accountability;
Personal Information
- Date of Birth: 11/28/93
- Gender: Male
- Driving License: Yes
- Title: Audit Senior
Phone Numbers
0730630651, 0719642152
Timeline
Audit Senior
Auditor General Of South Africa
06.2023 - Current
Trainee Accountant
SNG-GRANT THORNTON
02.2020 - 01.2023
CTA level 2 - undefined
University of South Africa
B Com - Accounting
University of Fort Hare
Matric -
Sithukuthezi SSS
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