Batsirai Pfigirai
Summary
Dedicated Finance Executive with 15 years of experience in all areas of finance and investment management, spanning across Africa, USA, and Middle East in diverse industries. Hands-on leader with strong business acumen and analytical mindset to identify and correct underachieving trends.
Overview
16
16
years of professional experience
Work History
Executive Finance
Namibia Post Limited (NamPost)
03.2017 - Current
- NamPost has business operations in financial services (investment services, banking, microlending, and insurance), logistics, and retail services, with total asset worth over R7bn (US$400m) and annual revenue of R1bn (US$60m)
- An Executive Committee (EXCO) member, reporting to the Chief Executive Officer, duties and responsibilities involve:
- Assisting CEO in overall strategy formulation including pricing strategy- Led and coordinated the pricing model revision for Savings Bank, which doubled annual non-interest income from R77m (US$4m) to R149m (US$8m).
- Directing financial planning and analysis activities, including budgeting, forecasting, and variance analysis, to support decision-making and drive business performance.
- Collaborate with cross-functional teams to evaluate investment opportunities, assess financial feasibility, and mitigate risks associated with new initiatives.
- Capital raising and allocation- successfully raised R$1.2billion (US$65m) funding for the microfinance subsidiary, growing microloan book from R181million (US$10m) in 2016 to R629million (US$35m) in 2023 (250% growth).
- Managing liquidity- consistently report positive free cash flow through disciplined procurement, strict debt collection and inventory management.
- Managing relationships with external auditors, tax advisors, and regulatory authorities - company consistently compliant.
- Managing treasury risks (liquidity, interest, and market risks)- as a member of the Savings Bank's Asset and Liability Committee (ALCO), helped deposit book to grow from R3bn (US$167m) to R7bn (US$389m).
- Property management- overseeing maintenance of over a hundred postal branches.
- Project management- successfully established Project Office from scratch in 2019.
- Procurement management- oversees procurement to ensure compliance with procurement regulations.
Senior Manager- Audit and Assurance
Grand Namibia (Chartered Accountants)
08.2013 - 02.2017
- Grand Namibia is one of the established accounting firms in Namibia offering audit and advisory services
- Reporting to the Senior Partner, duties and responsibilities were as follows:
- Led and managed audit engagements.
- Developed and executed risk-based audit plans, for clients across various industries, including financial services, FMCG, and transport, ensuring compliance with accounting standards and regulatory requirements.
- Review and evaluate financial statements, accounting records, and internal control procedures to provide valuable insights and recommendations to clients.
- Built and maintained strong client relationships through effective communication, timely issue resolution, and proactive engagement management.
- Mentored and coached audit team members, providing guidance on technical matters, professional development, and career progression.
- Collaborated with partners and senior management to identify business development opportunities, prepare proposals, and expand service offerings to existing and prospective clients.
Independent Consultant
04.2013 - 07.2013
- Provided financial and tax advisory services to individuals and small businesses for 4 months.
Assistant Manager/Team Lead -Audit and Assurance
Deloitte LLP, USA
10.2011 - 04.2012
- On a global secondment programme, reporting to the Senior Manager, duties and responsibilities involved:
- Leading and being involved in multiple auditing projects of listed blue chip conglomerates in financial services, energy, manufacturing, and retail.
- Preparing audit budgets and ensuring efficient completion of the projects.
- Conducting advisory work on insurance claims for clients and on mortgage loans, reviewing non-performing loans and housing foreclosures.
- Providing technical advice to clients on US GAAP, IFRS and Sarbanes-Oxly Act compliance.
- Reviewing complex hedge accounting for various derivatives to ensure appropriate accounting treatment in line with US GAAP and IFRS.
- Stakeholder engagement- communication & interaction with all levels of client representatives and Deloitte team.
Assistant Manager/Team Lead -Audit and Assurance
Deloitte
08.2008 - 09.2011
- Reporting to Senior Manager, duties and responsibilities were as follows:
- Assisted in planning and executing audit engagements for clients across various industries, ensuring compliance with auditing standards and regulatory requirements.
- Conducted risk assessments and evaluate internal controls to identify control weaknesses, deficiencies, and areas for improvement.
- Performed substantive testing and analytical procedures to assess the accuracy and completeness of financial statements and accounting records in accordance with IFRS.
- Collaborated with audit team members to delegate tasks, monitor progress, and ensure timely completion of audit procedures.
- Assisted in the development of audit programs, tools, and methodologies to enhance audit efficiency and effectiveness.
Senior Accountant -Audit & Assurance
Deloitte
11.2010 - 05.2011
- On a seven-month global secondment programme, reporting to the Audit Manager, duties and responsibilities were as follows:
- Performed financial audits to ensure that financial statements were fairly and accurately presented.
- Review of financial statements and annual reports to ensure compliance with IFRSs.
- Performing tests of internal controls to ensure effectiveness and preparation of management reports.
- Supervision, coaching, and mentoring of junior accountants.
Education
Master of Business Administration (MBA) Candidate, Durham University, United Kingdom -
04.2024
Bachelor of Accounting Science (Honours)-CTA programme -
University of South Africa (UNISA)
01.2009
Bachelor of Accountancy (Honours) Cum Laude -
University of Zimbabwe
01.2008
Skills
- Financial Planning & Analysis
- Environment, Social and Governance (ESG)
- Budgeting & Forecasting
- Risk Management & Compliance
- Mergers & Acquisitions
- Project Management
- Investor Relations
- Team Leadership & Development
Websites
Professional Certification And Affiliations
- Chartered Accountant, CA(Zimbabwe), CA(Namibia), 2010
- Institute of Chartered Accountants of Zimbabwe (ICAZ), South Africa Institute of Chartered Accountants (SAICA), Institute of Chartered Accountants in England and Wales (ICEAW), Canadian Institute of Chartered Accountants (CICA), Chartered Accountants Australia and New Zealand
- Institute of Chartered Accountants of Namibia (ICAN), South Africa Institute of Chartered Accountants (SAICA), Institute of Chartered Accountants in England and Wales (ICEAW), Canadian Institute of Chartered Accountants (CICA), Chartered Accountants Australia and New Zealand
- Public Accountants and Auditors Board (PAAB)-Zimbabwe
Personal Information
Title: Executive Finance|Chief Financial Officer (CFO)
Hobbies and Interests
- Travelling
- Sports
- Reading biographies and business literature
- Public speaking
References
Available on request
Timeline
Executive Finance
Namibia Post Limited (NamPost)
03.2017 - Current
Senior Manager- Audit and Assurance
Grand Namibia (Chartered Accountants)
08.2013 - 02.2017
Independent Consultant
04.2013 - 07.2013
Assistant Manager/Team Lead -Audit and Assurance
Deloitte LLP, USA
10.2011 - 04.2012
Senior Accountant -Audit & Assurance
Deloitte
11.2010 - 05.2011
Assistant Manager/Team Lead -Audit and Assurance
Deloitte
08.2008 - 09.2011
Master of Business Administration (MBA) Candidate, Durham University, United Kingdom -
Bachelor of Accounting Science (Honours)-CTA programme -
University of South Africa (UNISA)
Bachelor of Accountancy (Honours) Cum Laude -
University of Zimbabwe
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