Mogomotsi Motuba

Finance Manager at Betfred South Africa
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Contact Information
us****@****om
(386) 825-5501
Location
City of Johannesburg, Gauteng, South Africa, ZA

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Experience

    • South Africa
    • Gambling Facilities and Casinos
    • 1 - 100 Employee
    • Finance Manager
      • Apr 2023 - Present

      As the Financial Manager at Betfred SA, a prominent bookmaker in the industry. I oversee the financial operations and play a crucial role in driving the company’s financial growth. Leading a team of accounts payable clerks and financial accountants. I contribute to the overall success of the organization by ensuring accurate financial reporting, efficient cash management and adherence to regulatory guidelines. Key Responsibilities • Managed a team of accounts payable clerks and financial accounts, providing leadership guidance, and training to optimize performance and ensure to financial policies and procedures. • Oversee the complete financial cycle, including budgeting, forecasting, financial reporting and cash flow management, enabled informed decision making by the executive team. • Developed and implemented financial controls, policies and procedures to mitigate risk, improve efficient and maintain compliance with regulatory standards. • Conduct financial analysis, including variance analysis and profitability assessments, to identify areas of improvement and provide actionable recommendations to senior management. • Collaborate with cross functional teams to streamline processes and implement cost savings initiatives, resulting in significant financial gains for the company. • Monitored and reviewed financial transactions, ensuring accuracy and completeness of financial records, and overseeing the month end and year-end closing procedures. • Assist in the preparation of financial statements, and presentations for executive management, shareholders and external stakeholders, facilitating transparency and effective communication of financial performance. • Interact with external auditors during annual audits, providing necessary documentation, explanation, and resolving queries to ensure smooth audit process. Show less

    • Managing Director
      • Aug 2016 - Present

      Nevaphi Consulting is a boutique consulting company that I run in my free time assisting entrepreneurs to write business plans, statutory compliance and business development Nevaphi Consulting is a boutique consulting company that I run in my free time assisting entrepreneurs to write business plans, statutory compliance and business development

    • South Africa
    • Hospitals and Health Care
    • 1 - 100 Employee
    • Finance Manager
      • Mar 2020 - Mar 2023

      Outline Leading the Finance Team within a boutique healthcare services provider. I ensured that company financial reports were reviewed and highlighted areas of cost reduction management, analyzed market trends to find opportunities of optimization of current expenses as well as opportunities for expansion. Key Responsibilities • Leading the team and supporting them with the functional and cross functional financial processes and procedures to include not least, Payroll, Monthly Management Accounts, Reporting, Inventory, reconciliation, Purchase Orders and Maintenance of General Ledger and Trial Balance • Work closely with CEO in setting and driving organizational vision, operational strategy and funding needs. • Work with the business partners to translate the financial reports into quarterly budgets, these are then incorporated into both financial systems and models • Research, report and benchmark factors influencing business performance and areas of potential financial improvement. • Liaising with external auditors and fully managed the end of year audit • Optimizing the P&L and cashflow processes as well as building up the Balance Sheet • Maintain a documented system of accounting policies and procedures • Management and interpreting cashflows and predicting future trends • Managing the preparation of the company’s budget process and implementation as well as reporting on budget vs actuals and variance and reasons for material variances. Key Achievements • Radically changed the company’s payroll process by implementing and automated timesheet process • Successfully implemented an ERP system to optimize the payments requests process and centralized the submission of invoices in a central system • Successful implementation of Medical Aid Scheme Incentive for Staff members • Successful implementation of Provident Fund Scheme for staff members Show less

    • Senior Financial Accountant
      • Mar 2016 - Feb 2020

      • Led client teams of cross functional resources from all levels of the organization • Partners with client leadership on a wide range of projects to drive their business and growth • Brought value and positive change by working with great intent and a proactive attitude to achieving the clients’ objectives and mission. • Built service offerings from the group up for various clients in Retail, Construction and Entertainment Industries. • Assisted clients in sourcing seed capital for their various business ventures through formalizing their businesses and meeting all necessary statutory requirements. • Assisting clients with any SARS Audits Show less

    • 1 - 100 Employee
    • Group Financial Accountant
      • Aug 2015 - Mar 2016

      • Assisted in the Financial Reporting, Consolidations, Management Accounts, Board Reports, Intercompany reporting, Accounts Receivables, Project Accounting Borrowing Costs and Maintenance of the Trial Balance. • Liaising with external Auditors in the year Audit and resolving any Audit query that arises. • Monthly reporting, Supplier payments and Corporates Reports • Statutory compliance with CIPC • SARS returns, VAT, PAYE and Customs VAT. • Creating and maintaining an Audit file. • Preparation of monthly cashflow schedule and bill backs to inter companies. • Capturing salary journals for the entire group. Show less

Education

  • Wits Business School
    Master of Business Administration - MBA - Candidate
    2022 - 2023
  • University of La Verne
    Cert. Program in Executive Management, Advanced Strategy
    2023 - 2023
  • University of Cape Town
    Postgraduate Degree, Entrepreneurship/Entrepreneurial Studies
    2013 - 2013
  • University of Cape Town
    Bachelor of Commerce - BCom, Accounting
    2004 - 2008
  • Queen's College Boys' High School
    Higher National Diploma
    1999 - 2003

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