Matthew Xolisile Situma
Cape Town
Summary
Finance professional with 10+ years’ experience across accounts payable, reconciliations, tax compliance, and financial reporting, with proven success in both South Africa and Namibia. Recently seconded to Bowmans Law (Namibia), where I supported a system migration to Elite 3E, trained finance staff, and managed trust accounting, vendor reconciliations, and VAT compliance. Recognised for driving efficiency, improving accuracy, and ensuring on-time compliance in high-volume, deadline-driven environments. Skilled at leading teams, collaborating across departments, and delivering insights that strengthen business decisions.
Overview
13
13
years of professional experience
Work History
Accounts Payable Supervisor
Bowmans Law
Cape Town, South Africa
12.2022 - Current
- Manage R12m+ in monthly supplier payments, ensuring compliance with agreed terms and zero late fees.
- Supervise and mentor a 4-person AP team, providing training and feedback that improved accuracy rates.
- Reduced aged creditor balances >90 days by 15% through proactive reconciliation follow-up.
- Streamlined month-end close to 2 days, enabling faster reporting for senior leadership.
- Oversaw balance sheet reconciliations, accruals, and prepayments, ensuring IFRS compliance
Secondment
Bowmans Law (Namibia)
Windhoek, Namibia
03.2025 - 09.2025
- Trained finance team members on Elite 3E, ensuring smooth adoption and improved system proficiency.
- Reconciled vendor accounts by migrating take-on balances from the legacy system into Elite 3E, ensuring accuracy and continuity.
- Managed vendor onboarding by opening new supplier accounts, and capturing invoices.
- Oversaw trust accounting functions: receipting, disbursements, transfers, and collections between trust and business accounts.
- Submitted bi-monthly VAT returns, ensuring compliance with Namibian tax requirements.
- Assisted the payroll function with accurate and timely salary processing.
Financial Clerk
Bowmans Law
Cape Town, South Africa
09.2020 - 11.2022
- Processed 500+ invoices monthly (local & foreign), maintaining an error rate below 1%.
- Automated reconciliation reporting, reducing processing time by 20+ hours per month.
- Prepared accruals and provisions, improving the accuracy of monthly management accounts.
- Supported annual budgeting by updating templates and refining forecasts used by department heads.
Bookkeeper
Melomed Hospital holdings
Cape Town, South Africa
05.2018 - 08.2020
- Filed VAT201 & EMP201 returns on time for 24 consecutive months, avoiding penalties.
- Delivered daily cash flow statements, strengthening short-term financial planning.
- Maintained fixed asset register and reconciled intercompany loans across 3 entities.
- Resolved supplier disputes, improving vendor relationships and payment turnaround.
Branch Consultant
FNB
Cape Town, South Africa
03.2013 - 04.2018
- Ranked Top OBR Consultant in Western Cape (2016).
- Managed client accounts, ensuring compliance and delivering tailored financial solutions.
- Built strong customer relationships, consistently exceeding cross-selling targets
Education
Bachelor of Technology (B.Tech) in Taxation
Cape Peninsula University of Technology
Cape TownNational Diploma in Accounting
Cape Peninsula University of Technology
Cape TownSkills
Technical Tools
- Elite 3E (system migration & vendor reconciliation)
- Sage Evolution
- SAP (exposure)
- Microsoft Excel (advanced: Pivot Tables, VLOOKUP)
- VAT201 & EMP201 compliance
- Payroll processing support
- Fixed Asset Register management
Finance Competencies
- Accounts Payable & Receivable
- Vendor Reconciliations & Supplier Management
- Trust Accounting & Bank Transfers
- Month-End Closing & Financial Reporting
- Tax Compliance (VAT, PAYE, SDL, UIF)
- Budgeting & Forecast Support
- Team Leadership & Training
- Cross-Border Finance Operations (South Africa & Namibia)
Languages
English
First Language
Timeline
Secondment
Bowmans Law (Namibia)
03.2025 - 09.2025
Accounts Payable Supervisor
Bowmans Law
12.2022 - Current
Financial Clerk
Bowmans Law
09.2020 - 11.2022
Bookkeeper
Melomed Hospital holdings
05.2018 - 08.2020
Branch Consultant
FNB
03.2013 - 04.2018
Bachelor of Technology (B.Tech) in Taxation
Cape Peninsula University of Technology
National Diploma in Accounting
Cape Peninsula University of Technology