Vuyokazi Magxagxa
Financial Accountant / Internal Auditor
Gqeberha
Summary
Professional with strong background in finance management, specializing in accounts payable processes. Demonstrates high level of accuracy, efficiency, and problem-solving skills in managing vendor relationships and ensuring timely payments. Focused on team collaboration, adaptability, and achieving measurable results. Skilled in financial software, process optimization, and compliance. Known for reliability and results-driven approach. Have 3 years experience in internal auditing. Strong with identifying internal controls and recommendations.
Overview
24
24
years of professional experience
Work History
Accounts Payable Manager
Coega Development Corporation
02.2015 - Current
- Partnered with finance team to complete month-end accruals and creditors accounts reconciliations.
- Improve AP processes by identifying inefficiencies and streamline AP processes.
- Maintenance of AP Sub-ledger and GL period closure. Analyze and resolve period closure exception reports and issues.
- Collaborated with other departments to resolve billing issues promptly and maintain accurate financial records.
- Managed accurate and timely processing of over 400 invoices per month.
- Reduced payment discrepancies with thorough invoice review, analysis, and reconciliation efforts.
- Streamlined invoice processing for improved efficiency and reduced processing time.
- Monitored department performance metrics regularly, identifying inefficiencies or bottlenecks in order to continuously improve overall productivity levels.
- Optimized cash flow management by negotiating favorable payment terms with vendors.
- Fostered a positive work environment by promoting open communication, collaboration, and professional growth opportunities for team members.
- Recruitment, training, motivating and performance evaluation of team members.
- Maintaining accurate and complete financial records.
- Recommend, implement and enforce internal controls to prevent fraud and errors.
- Collaborate with Internal and External Auditors. Submitted requested information timely.
- Respond to Internal and External audit findings. Draft management response, rectify errors and implement corrective actions.
- Monitor and ensure compliance with internal policies as well as relevant laws and regulations PFMA, Treasury Regulations and Companies Act.
- Manage and maintain company records and ensure document retention is in accordance to companies policies and protocols.
Admin Manager
Unitrans Household Goods
05.2010 - 07.2013
- Supervised staff and delegated tasks to maintain positive, productive administrative operations.
- Reported production KPI's to senior management on a daily basis. Discuss irregularities with senior management.
- Updated reports, managed accounts, and generated reports for company database.
- Ensured smooth daily operations with timely completion of all essential administrative tasks and responsibilities.
- Improved office efficiency by implementing streamlined administrative processes and procedures.
- Plan and organize quarterly stock counts.
- Report stock count results to senior management.
- Investigate all major stock take variances with cycle count team.
- Perform stock recon monthly.
- Collaborate with Internal and External Auditors.
Admin Manager
UTi ( Material Handling)
05.2005 - 07.2009
- Supervised staff and delegated tasks to maintain positive, productive administrative operations.
- Report KPI's to senior management.
- Perform stock reconciliation
- Perform daily cycle counts and report findings to management.
- Plan and organize stock counts and investigate variances.
- Process stock adjustment.
- Updated reports, managed accounts, and generated reports for company database.
- Ensured smooth daily operations with timely completion of all essential administrative tasks and responsibilities.
- Improved office efficiency by implementing streamlined administrative processes and procedures.
Trainee Account and Internal Auditor
Barloworld Plascon
01.2001 - 09.2004
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
- Responsible for conducting 8 depot's internal control reviews, namely, Bloemfontein, Polokwane, Mthatha, East London, Mpumalanga, Newcastle, Linbro Park and Kugersdorp.
- Planning, conducting and internal audit findings report writing.
- Communicate internal audit report to senior management.
- Recommend internal controls and internal audit follow-up.
- Documented recommendations to improve internal controls.
- Participated in special projects as requested by senior leadership, providing subject matter expertise on internal controls and risk management practices.
- Perform asset verification and reconcile to the balance sheet.
- Recording and accounting of financial information.
- Perform general ledger recons.
- Perform debtors and creditors recons.
- Assist senior accountants with taxable income computation.
- Month-end procedures.
Education
Btech :Internal Audit
Cape Technickon
Cape Town, South Africa 04.2001 -
Skills
ERP systems expertise
Training and mentoring
Internal controls
Process improvements
Account reconciliation
Financial administration
Business processes and procedures
Month-end closing
General ledger maintenance
Problem resolution
Cash flow analysis
Report preparation
Timeline
Accounts Payable Manager
Coega Development Corporation
02.2015 - Current
Admin Manager
Unitrans Household Goods
05.2010 - 07.2013
Admin Manager
UTi ( Material Handling)
05.2005 - 07.2009
Btech :Internal Audit
Cape Technickon
04.2001 -
Trainee Account and Internal Auditor
Barloworld Plascon
01.2001 - 09.2004
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