Hillary Musakwa
Group Accountant at Inductoserve Holdings- Claim this Profile
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English Professional working proficiency
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English Professional working proficiency
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Bio
Experience
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Inductoserve Holdings
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South Africa
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Transportation, Logistics, Supply Chain and Storage
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1 - 100 Employee
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Group Accountant
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Aug 2021 - Present
Head of accounting, financial planning and strategy for a multi-industry Holding company with subsidiaries in diversified industries namely Transport & Logistics, Hospitality, Construction, Steel Fabrication, Energy- LP Gas, Hardware, Brick manufacturing and Property Development. •Preparation of consolidated monthly and annual financial reports in accordance with accounting standards and company policies. •Producing quarterly group management accounts with full commentary packs and presentation to board and shareholders. •Formulation, consolidation and control of business unit budgets and forecasts for the Group. •Overseeing Group compliance of all entities to statutory and regulatory authorities, including Tax planning, computations, return submission and claims for all statutory authorities such as ZIMRA, NSSA, ZERA, ZTA, ZIMDEF and Local authorities. •Assist the Group Operations Manager is assessing new business proposals through investment appraisal techniques and crafting funding models to obtain funding for all our subsidiaries. •Asset register maintenance, reconciling the Subledger to the General ledger and proper accounting for revaluation of assets according to applicable reporting standards. •Overseeing monthly subsidiary reconciliations namely; intercompany, bank, debtors, creditors and inventory reconciliations ensuring differences are investigated and resolved on a timely basis. •Management of the external audit relationship including coordination of year-end audits process. •Overseeing appropriate, accurate and timely processing and recording of expenditures and ensuring payments are done in line with contractual obligations. •Participation in the review, evaluation, monitoring, development and implementation of financial management procedures, policies and internal controls. •Reviewing and approval of payrolls. Show less
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King Solomon Hotels Group (Pvt) Limited t/a Goldenmile Hotel
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Kwekwe, Midlands, Zimbabwe
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Accountant
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Sep 2017 - Jul 2021
Preparation of the monthly management accounts and providing insightful analysis of the Key Performance Indicators (KPIs) submitted to head office timeously. • Supervision of the creditors, debtors and inventory control functions and cash flow management to ensure a health working capital position. • Reviewed the reconciliations of the banks, creditors, debtors and inventory on a monthly basis. • Preparation of the hotel’s budget and conducting continuous budget forecast to track the progress to the budget. • Filling the returns for NEC, ZIMDEF, ZIMRA (PAYE and VAT), ZTA and NSSA and submitting the returns and proof of payments (statutory obligations). • Conducted monthly inventory counts to verify stock levels, address discrepancies and forecast future needs. • Weekly spot-checks as part of review of the internal control system mechanism of the • Assets management control and ensuring they are safeguarded, timeous inclusion of asset additions and exclusion of the disposed. Show less
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Weldmax Engineering Private Limited
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Shurugwi, Midlands, Zimbabwe
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Accountant
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Jul 2013 - Aug 2017
• Preparation of the Annual Budget Financial Statement for management internal reporting. • Preparation of the forecasts statements of income, financial position and cash flow. • Performing continuous business forecasts reviews. • Preparation of the income and deferred tax computations; VAT; PAYE; and submission of the relevant returns to ZIMRA. • Coordinating and finalizing internal audit review queries before sign off. • Responding and coordinating to requests made by the external auditors from end to end. • Applied performance data to evaluate and improve operations, target current business conditions and forecast needs. • Reviewed performance data to monitor and measure productivity, goal progress and activity level. • Accomplished multiple tasks within established timeframes. • Formulation and review of Standard Operating Procedures. • Prepared and recommended medium to long-range plans for development of business growth and strategy • Compiled data highlighting key metrics to report information, determine trends and identify methods for improving results. Show less
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Kuchi Construction Private Limited
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Harare, Zimbabwe
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Assistant Accountant
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Apr 2010 - Jun 2013
Joined this organization as an Accounts Clerk and later promoted to Assistant Accountant. Performed the following accounting functions for this Construction company namely: Cashbook processing; Processing Goods Received Vouchers, invoices and journals; Debt collection and accounting for banking of income received; Payments processing; Debtors and Creditors reconciliations; Intercompany reconciliations, Inventory management; Bank reconciliations, and Year-end audit schedules. Key results: Maintained the General ledger up to Trial Balance level. Performed intercompany reconciliations with other subsidiaries Debt collection and ensured daily banking was done as per company policy. Inventory management, performed periodic inventory counts, and processed Goods Received Vouchers, invoices and fuel vouchers. Processed journals and bank transactions. Assisted the Accountant in Tax computations Show less
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Kuchi Construction Pvt Limited
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Harare,Zimbabwe
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Accounts Clerk
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Jan 2009 - Mar 2010
A Debtors and Creditors as well as General Ledger Clerk for this construction company A Debtors and Creditors as well as General Ledger Clerk for this construction company
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Premix Concrete Pvt Limited
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Harare, Zimbabwe
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Accounts Clerk
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Apr 2005 - Feb 2007
A Debtors and Creditors Clerk for a leading Suppliers' of Premix & Precast concrete A Debtors and Creditors Clerk for a leading Suppliers' of Premix & Precast concrete
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Education
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ACCA
Accounting, Strategic Professional Level -
Midlands State University
Bachelor of Commerce - BCom, Accounting -
Institute of Administration and Commerce (IAC)
Diploma in Financial Accounting, Accounting