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Eldridge Stoffels is a seasoned finance professional with extensive experience in accounting, financial analysis, and management. As a Cost and Management Accountant at Aspen South African Operations, he successfully reconciled financial statements and managed cash flow forecasts. Prior to this role, Stoffels held positions as Financial Accountant at Ubuntu Pathways and Business Unit Controller at Volkswagen Group South Africa, where he honed his skills in financial management, planning, and budgeting. He has also worked as a Financial Manager at Imperial Cold Logistics, overseeing daily profit margins, managing debtors and creditors, and ensuring compliance with company procedures. Stoffels holds a Master of Business Administration (MBA) from Nelson Mandela Metropolitan University and a Bachelor of Commerce (B.Com.) from North-West University.

Experience

  • Aspen South African Operations
    • Port Elizabeth, Eastern Cape, South Africa
    • Cost and Management Accountant
      • Oct 2022 - Sep 2023
      • Port Elizabeth, Eastern Cape, South Africa

  • Ubuntu Pathways
    • Port Elizabeth, Eastern Cape, South Africa
    • Financial Accountant
      • Jul 2022 - Sep 2022
      • Port Elizabeth, Eastern Cape, South Africa

  • Volkswagen Group South Africa
    • Uitenhage Area, South Africa
    • Business Unit Controller
      • Nov 2018 - Oct 2020
      • Uitenhage Area, South Africa

  • Shatterprufe Windscreens
    • Port Elizabeth Area, South Africa
    • Corporate Finance Accountant
      • Sep 2015 - Oct 2018
      • Port Elizabeth Area, South Africa

  • Imperial Cold Logistics
    • Port Elizabeth Area, South Africa
    • Financial Manager
      • Aug 2008 - Jun 2015
      • Port Elizabeth Area, South Africa

      Duties as Financial Manager summarised as per below. These have fluctuated as the operational requirements of the company changed over the period of time:Accurate and efficient measuring of daily profit margins against budgeted and forecasted figuresEnsuring compliance to standard company operating procedures manualsManage debtors function and ensure collection of all receivables as per payment termsManage creditors function and ensure payment of suppliers as per payment termsManage cash function and weekly cash flow forecastManage GL reconciliations and ensure reconciling items are cleared on a monthly basis Performing of timeous, accurate bank reconciliationsDriving the accurate recording of purchases through our GRV capturing, ensuring our inventory are recorded accuratelyEffective staff management, especially motivating people when staff members are affected due to operational requirements.Strategise with our management team, ensuring strategic implementation and measuring our outcomes against the set processes and cost changes.In the short term minimising expenses, in the long term creating wealth maximisation and ultimately achieve shareholder wealth.Maintain close relationship with the Financial Director to smooth out any bottlenecks which might occur Make use of advanced excel methods to update our monthly inventory take, ensuring that procedures are diligently followedPerforming all month-end duties including all reconciliations and meet strict monthly deadlines reporting to Imperial Holdings (Pty) Ltd Effective supply chain management within the realm of a merchandising company (Not manufacturing concern)Having a hands on approach on all departmentsReview and interpret management accountsExercise and apply asset managementEnsure CAPEX control adherenceManaging intergroup confirmations of Port Elizabeth and East London branch

    • Audit Manager
      • Jan 2008 - Jul 2008
      • Mossel Bay

      Major audit assignments included the following:Managing the following audits timeously and effectively:1. Superfine Colours Company (Pty) Ltd2. Superfine Investment Holdings (Pty) Ltd 3. X Developments & Construction (Pty) Ltd4. J R Reid & Associates Incorporated•Review of close corporation engagements and review of individual taxation payable (receivable).

  • Ernst & Young
    • George Area, South Africa
    • Articled Senior Clerk
      • May 2005 - Dec 2007
      • George Area, South Africa

      The spectrum of services delivered to the portfolio of audit clients included:Preparation of financial statements according to the International Financial Reporting Standards and South African Statements of Generally Accepted Accounting Practice and MFMARaising concerns to management regarding controls weaknesses identified in performing audit proceduresOrganising team planning events for each audit engagement as manager and senior in charge. This will include understanding the business, identifying internal control weaknesses and adjusting the audit procedures according to the newest changes of the businessProcedures would include performing combined risk assessments, determining planning materiality and identifying significant accounts on the trial balanceIn charge to delegate the assignment work to my relative junior associatesResponsible for assisting the audit team with the relevant questions regarding their audit sections to be completedEnsure quality of audit files are in line with the company’s audit methodologyFinancial accounting and bookkeeping( including bank, debtors and creditors reconciliations) Computing income taxation payable / (receivable)VAT consulting and complianceCompany and close corporation secretarial work

  • BMS Auditors
    • Mossel Bay
    • Articled Clerk
      • Apr 2004 - Apr 2005
      • Mossel Bay

      First year articled clerk for auditing firm:Completed and calculated individual tax returnsCompleted and calculated Close Corporation tax returnsUsed Caseware accounting package to complete financial statements of CC's and small private companies.Other adhoc requirements.

Education

  • 2013 - 2018
    Nelson Mandela Metropolitan University
    Master of Business Administration (MBA), Business Administration and Management, General
  • 1999 - 2003
    North-West University / Noordwes-Universiteit
    Bachelor of Commerce (B.Com.), Accounting and Finance
  • 1995 - 1999
    Pacaltsdorp High
    High School Diploma, Matric

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Industry Focus. “Pharmaceutical Manufacturing”

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