chirindatich
About Candidate
Location
Work & Experience
Achievements -Spearheaded the successful securing of a US$1.2 million loan facility from Stanbic Bank Zim in 2024 to purchase CIP plant, demonstrating strategic financial leadership. -Designed and implemented a robust financial management system in Sage 200, streamlining segmented accounting, cost tracking, asset management, procurement, inventory, sales, and reconciliation processes. -Created and deployed comprehensive SOPs for Finance, Procurement, and Stores enhancing efficiency, compliance and reducing operational risk. -Led successful debt restructuring negotiations with ZETDC, achieving a 71% reduction in outstanding arrears and a 2-year payment plan -Successfully led a comprehensive audit by the Zimbabwe Revenue Authority (ZIMRA) for the company, yielding a favorable outcome with no material findings or tax liabilities. Duties and Responsibilities Financial Management & Accounting •Preparing monthly management accounts and financial statements to support strategic decision-making. •Producing and analysing financial reports, summaries, and cost-benefit analyses to support strategic financial planning and decision-making through data driven analysis •Oversee financial planning, budgeting, and forecasting, ensuring alignment with organizational objectives. •Conduct comprehensive reviews of financial reporting systems and accounting procedures, identifying areas for improvement and proposing changes to optimize financial management and control. •Managing cash flow, accounts payable/receivable, payroll, fixed assets, and inventory. •Ensuring compliance with statutory provisions (VAT, PAYE, WTAX, EMA) and recovered staff debtors. Operational Oversight •Supervising finance, procurement, administration, and stores sections. •Monitoring and enforcing adherence to SHEQ policies. •Build and maintain strategic relationships with external stakeholders, including regulatory bodies, suppliers, banks and industry partners
Achievements -Effectively led and managed Ayrshire Mine's financial operations, encompassing management accounting, treasury management, budget supervision, financial reporting and analysis, expenditure control, project accounting, and cost control processes. -Contributed to the development and implementation of a 5-year Capital Expenditure (Capex) and financial plan, leveraging internally generated cash flows, resulting in the acquisition and full payment of two earthmoving equipment. -Implemented cutting-edge inventory management standards, yielding impressive results: 96.7% reduction in inventory variances (from 15% to <0.5%), demonstrating exceptional operational efficiency. -Collaborated in developing and implementing an inventory management and budget control model for Pan African Mining's key cost centres (Mining and Engineering), achieving significant cost reductions from 130% before 2019 to 60% annually. -Contributed to the successful implementation of a cutting-edge financial reporting system at Pan African Mining (PAM), resulting in a 40% increase in reporting efficiency. Duties and Responsibilities Financial Management & Reporting •Prepared monthly management accounts, financial statements, and commentary. •Developed annual budgets and managed departmental allocations. •Maintained asset registers and ensured accurate accounting. Financial Control & Compliance •Managed month-end accounting processes. •Ensured effective creditors and debtors management. •Conducted variance analysis and provided financial performance commentary. •Ensured compliance with statutory obligations and SHEQ standards (ISO14001 & ISO45001). Audit, Governance and Team Leadership •Coordinated with internal and external auditors. •Supervised junior accounting, stores, and procurement staff
Financial Management & Accounting •Managed accounts payable, cash book, petty cash, and intercompany accounts. •Oversaw debtors’ management, inventory, procurement, and general ledger reconciliation. •Prepared management accounts, maintained asset registers, and assisted in cash flow forecasting. Financial Analysis & Planning •Assisted in budget preparation and financial forecasting Compliance & Governance •Managed taxation and other statutory issues.
Financial Management & Accounting •Successfully resolved outstanding accounts payable reconciliations and queries with major contractors. •Prepared consolidated monthly cost reports for Isabella and Mc Cays Mines. Procurement & Inventory Management •Administered procurement and inventory processes. •Managed cash book and petty cash administration. Financial Reporting & Compliance •Assisted in preparing trial balances and reconciling general ledger entries. •Successfully contributed to timely year-end audit completion