Hi, I’m
MAGDALENA SHIMBALI
Soweto
Summary
Experienced with financial analysis, budget management, and strategic planning. Utilizes financial data to drive business decisions and optimize operations. Knowledge of regulatory compliance and risk management essential for maintaining financial integrity.
Overview
13
years of professional experience
1
Certification
Work History
Acer Petroleum and Logistics
Finance Manager
04.2024 - Current
Job overview
- Reviewed documentation and identified financial discrepancies where applicable.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
- Developed comprehensive financial reports for executive decision-making support.
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Increased financial efficiency by streamlining and automating financial reporting processes.
- Coordinated with external auditors to ensure smooth and compliant audit process each fiscal year.
- Negotiated with suppliers to improve payment terms, enhancing cash flow management.
- Calculate and file PAYE , Import VAT and VAT
- Ensure compliances with Social Security, Local Municipality office and Inland Revenue offices
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
Amnics Trading an Avacare Group Company
Finance Manager
08.2022 - Current
Job overview
- Process Payments to suppliers and other payables
- Do VAT return submissions and provisional Tax and Company Tax Submission
- Prepare management Accounts Reports and report to the Group
- Process Payroll payments and reports thereof
- Obtain Good standings and do statutory payments and submissions
- Responsible for the Preparation of Reports, Budgets and Financial Statements, Undertaking Financial Administration and Internal Controls, Developing and Managing Financial Systems/Policies, Negotiating and Obtaining Finance for major projects, Controlling and Forecasting Income and Expenditure
- Recognize potential audit issues or unusual relationships from basic analysis of the financial statements and communicate them to the team
- Clearly and accurately document the execution of specific audit procedures as defined by the
- Check correctness of Payments to creditors
- Updating fixed asset register and ensure correctness of Journals and correctness of entry in Sage Pastel
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Reviewed documentation and identified financial discrepancies where applicable.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Increased financial efficiency by streamlining and automating financial reporting processes.
- Delivered comprehensive financial training programs for non-finance managers, enhancing cross-functional understanding and collaboration.
Office Of the Judiciary
Accountant
10.2020 - 08.2022
Job overview
- Processing Payments within the Accounts Payable Section
- Processing Daily subsistence and Traveling Claims and Advance
- Involved in preparing the Budgets and Administration thereof
- Request Treasury Authorization Warrants and Do expenditure Allocation
- Advice when there is need for Virementation and process thereof
- Involved in Budget at management level and Prepare the minutes
- Other financial administration and Minutes preparation
Otjimbele Agriculture
Assistant Accountant and Procurement Officer
02.2020 - 09.2020
Job overview
- Experienced Reconciliation and submission of statutory returns(Income Tax/Vat/PAYE/Social
- Processing of VAT on SAGE Evolution
- Security/VET Levy -Process creditors payments and provide related administrative services
- Process debtors and provide related administrative services
- Prepare monthly, quarterly and annually reconciliation
Standard Bank Namibia
Assistant Accountant
10.2016 - 01.2020
Job overview
- Process creditors payment and provide related administrative services
- Process debtors and provide related administrative services
- Prepare monthly, quarterly and annual reconciliation
- Manage collection of Debtor payments in line with Debtor policy and procedures
- Issue orders for all approved purchases for goods and services
- Ensure compliance to all legislative reporting and control requirements
- Assist external auditors with annual auditing
- Manage petty cash according to internal procedures and guidelines
- Prepare books to trial balance stage
- General financial administration
- Support record keeping and filing
- Ensure compliance to all regulatory and internal control, policies and procedures
Spikenard College
Bookkeeper
01.2012 - 09.2016
Job overview
- To ensure capture invoices in the accounting systems in order to effect payment on time and accurately to creditors
- Accurate process invoices in Accounts payable and post batches daily
- Assist in financial statements preparation
- Processing Debtors on the system
- General administration
- Cashbook and bank reconciliations
- Handling of company finance
- Preparing vat, import and PAYEE for submission
- Reason for leaving: Company closed
Education
Regent Business SchoolDurban
MBA from Business Administration
10-2024
University of South AfricaPretoria
Bachelor of Science from Chartered Accounting
02-2022
University of NamibiaWindhoek
Bachelor of Accounting Honors from Accountancy
03-2014
University Overview
- IELTS TEST (BRITISH COUNCIL) Score Band 6.5 Overall
Paresis Secondary School
Grade 12
01.2009
Skills
- Good Communication & Interpersonal skills
- Computer literate
- Word processing
- MS Excel
- MS Access
- MS PowerPoint
- Database
- Publisher
- Able to work under pressure
- Quick and accurate data entry skills
- Full-cycle bookkeeping skills
- Strong organization and prioritization skills
- Ability to multitask and prioritize to meet deadlines
- Strong customer service skills
- Excellent oral and written communication skills
- Strong aptitude for working with numbers and detecting errors
- Bank reconciliation
- Bank statement reconciliation
Languages
English
Oshiwambo
Afrikaans
Otjiherero
Spanish
Accounting Systems
- Pastel Evolution
- Pastel Partner
- Quick Books
- Oracle
Personal Information
ID Number: 91032000260
Hobbies and Interests
- Financial reporting and presentation as per IFRS
- Critical analysis of Financial statements
- Auditing and reporting on financial data
Certification
- NAMIBIA CODE B Driver's License
- Certified Business Accountant in Practice(BAP) - Chartered Institute of Business Accountant (CIBA).
Timeline
Finance Manager
Acer Petroleum and Logistics
04.2024 - Current
Finance Manager
Amnics Trading an Avacare Group Company
08.2022 - Current
Accountant
Office Of the Judiciary
10.2020 - 08.2022
Assistant Accountant and Procurement Officer
Otjimbele Agriculture
02.2020 - 09.2020
Assistant Accountant
Standard Bank Namibia
10.2016 - 01.2020
Bookkeeper
Spikenard College
01.2012 - 09.2016
Paresis Secondary School
Grade 12
- NAMIBIA CODE B Driver's License
- Certified Business Accountant in Practice(BAP) - Chartered Institute of Business Accountant (CIBA).
Regent Business School
MBA from Business Administration
University of South Africa
Bachelor of Science from Chartered Accounting
University of Namibia
Bachelor of Accounting Honors from Accountancy
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