Curriculum vitae of ALFRED MURONZI holder of
(MBL; B.Tech.Acc.Hons; Grad.ICSA ; CTFA)
Thuthukani no. 2, Blinkblaarweg, Woodlands Hills, Bloemfontein, 9301, South Africa. E-mail:
Alfred@etsho.co.za or mfundipm@gmail.com, Skype: amuronzi. Contact Numbers +27 50
401 0300 (work), +27 78 848 4734 (Cell), +27 86 696 3031(Fax)
PROFILE
• Expertise in planning, preparation, implementation and control of budgets
and forecasts for the department and embracing change for the whole
organization.
• Efficient processing of financial transactions in time, making and review of
balance sheet reconciliations and production of quality periodic financial
management/ statements reports and facilitation in producing informative
variance reports.
• Inspiring technical management accounting assistance to managers and
EXCO in understanding and interpreting the management accounts reports
and guide the organization to use management accounts to its advantage in
its business operations.
• Value adding procurement and supply chain strategies and processes.
• Proficiency in financial management and ensure the organization is always
solvent. Production of statutory reports such as income tax, VAT, PAYE, UIF.
• Excellent projects, joint-venture and subcontract financial management in
construction and facilities management industries ,from inception input in
project proposals, managing the contract agreements and service level
agreements to meet all conditions and keep supporting documents,
budgeting and forecasting, producing monthly projects financial management
reports, monitoring cash flow and finalization of projects financial
management at the end of projects.
• Visionary review of organization structure and relevant policies and
procedures that comply to legislation, industry guidelines and local authority
that improves internal control to safe-guard the resources of the organization
to the benefit of all stakeholders.
• Inspired motivation of staff, colleagues and associates to excite customers by
delivering more with less, making use of technology and other smarter ways,
within a reasonably agreed timeframe in line with organization constitution
and legislation.
• Strong human capital leadership that promotes unity of purpose in diversity,
constant review and improvement of internal and external controls through
clear communication and tactical strategies that promote the organization
and reduce risk.
Languages written and well spoken: English and Shona
Honours and awards:
2003- Voted one of the top five performing managers at TFMC
1989/90- President of B.Tech students (Harare) representative council at University of
Zimbabwe
1989/91- Chairman of B.Tech. Accounting club (Harare) at University of Zimbabwe
1989/91- Class representative at B.Tech. Accounts (Harare) at University of Zimbabwe
Specialist skills (more than 20 years experience at work)
Financial accounting:- Preparation of financial statements that include statement of
comprehensive income, statement of financial position, statement of cash flows, statement of
changes in equity, and managing events after the reporting date; Management of company
assets. Managing company debtors and creditors. Making sure statutory returns such as
PAYE, UIF, VAT, Income tax are calculated correctly and filed with statutory authorities in
time; Ensuring that departmental heads receive monthly financial accounting performance
reports and making sure each of the departmental heads understands the financial
accounting performance of their department and where they can improve; Doing monthly
variance analysis with departmental heads;
Financial Management Accounting:- implementing, monitoring and controlling financial,
administrative and statutory objectives; doing three-years budgeting and assist departmental
heads with their budgets, doing monthly forecasts and planning; doing strategic financial
management ensuring that the company has enough funds to carry out its business
objectives; put in place policies and procedures that improve internal controls of the company
and comply to legislation; Give advise to the Executive Committee on the profitability of the
projects that the company wants to undertake by making project appraisal of each project
before it is implemented by the company; Doing cash-flow analysis and take measures to
minimise wasteful expenditure; doing risk analysis and taking measures to minimise financial
and operational risk; Producing monthly financial management reports for each department
and for the Executive Committee; Implementing the decisions of top management, monitoring
the execution of such decisions and controlling the input and output of each individual
subordinate and departmental performance; Doing performance appraisal of subordinates
making sure that each subordinate’s developmental needs are met in line with departmental
and company objectives.
Cost and Management Accounting: - Costing, process and produce management accounts
including doing sensitivity analysis.
Executive skills (more than 12 years experience)
General Management: - Setting vision, mission and cultural values of a company; Setting the
objectives of a company and the relevant structure to deliver on the objectives of the
company; Hiring and training individuals to perform to the best of their ability for the
successful implementation of company strategy. Making sure the budget is put in place and
all the resources required for the company to operate are acquired and distributed to human
resources fairly; manage the triple bottom line of the company ensuring that stakeholders
derive benefit or satisfaction from operations of the company; Making sure that the company
retain its top class customers while it seeks to attract new top quality customers; Do the
budget, plan, monitor and control during implementation and make meaningful corrections
during implementation; Making sure the company is operating in compliance to legislation;
Give monthly reports to the Executive Committee on the operations of the company; Making
sure all departments are operating in the same direction to achieve the company objectives.
Risk Management & other: - Risk management assessment, risk management training, risk
registers and making sure all strategies to reduce or eliminate risks are appropriately
budgeted for. Tutored many successful candidates and has facilitated many workshops that
include Risk Management, good corporate governance, internal audit, strategic budgeting and
forecast, beyond budgeting and many others.
People skills
Strong leadership skills; Staffing, training and development, staff discipline and dismissal;
Staff performance contracting, performance reviewing and non-performance management;
Good Diversity Management practices; Good interpersonal relationship; Good conflict
management style; Ability to work in a team; Creation and staffing of new departments, that
is, finance department, debtors department and internal auditors department (Done in three
different organisations); Ensuring Safety, Healthy, and Environment (OHS) Act is
implemented in working environment.
Have working knowledge of legislation and other governing policies.
Good working knowledge of JDE Accounts Payable, Pastel Partner V14, SAP System, Sun
System 4.2.6 & 4.4, Vision, Pad V4.3, TAS, Ms Excel, Ms Word, Ms PowerPoint, Outlook.
EDUCATIONAL BACKGROUND
University Of Cambridge G.E.C. Advanced Level Certificate (Completed 1987)
Accounting, English, Geography, General Paper
University Of Cambridge G.E.C. Ordinary Level Certificate (Completed 1985)
Mathematics, English Language, Biology, Shona, Geography, Literature in English, History,
Science (Physics, Chemistry)
PROFESSIONAL COURSE PROFILE
Masters of Business Leadership – University Of South Africa (Completed 2004)
Fundamentals of Financial & Management Accounting, Analysis Of Organisation Decision,
Management Economics, Foundations Of Human Behaviour, Management Data Analysis,
Management Accounting, Competitive Strategy, Human Behaviour in the Organisation,
Marketing/ operations management, analysis & planning, Transformation processes for goods
and services, Essentials of Financial Management, Human resources management, Strategic
Management, Leadership and Organizational Dynamics, Strategic Financial Management,
Strategy Dynamics and International Business, Information Resource Management, Business
Research, Organisational Entrepreneurship and Innovation, Corporate and Business
Strategy, Management of Technology, Project Planning, Scheduling and Control, Field Study
(Janus Project), Publishable Article on Space Optimisation.
Institute of Chartered Secretaries & Administrators (Completed 2000)
Bachelor of Technology Honours Degree in Accounting
University Of Zimbabwe (Completed 1992)
Certified Technical Financial Accountant – South Africa (Completed 1991)
WORK EXPERIENCE
Name of Organisation : E’tsho Holdings (Pty) Ltd
Position title : Chief Financial Officer and Company Secretary
Date appointed CFO : 1 April 2015
Date appointed Co Sec : 22 July 2015
Dates of employment : April 2015 to present
Duties :
Chief Financial Officer duties:
• Member and Secretary of Executive Committee (EXCO).
• Head of Finance shared services teams for group of companies ensuring their
maximum performance and providing the teams with guidance and training,
• Coordination of operational and capital planning, budgeting and forecasting, process
for all entities and produce, monitor and implement the approved plans and budgets
for all entities.
• Establish, review, promote, maintain, monitor compliance and implement approved
policies and procedures for group of companies
• Management and monitoring of financial risk
• Implementation of an effective cash flow management system
• Prepare periodic financial management and financial statements and analysis thereof
• Prepare for audits and meet all internal and external deadlines.
• Implement and enforce good corporate governance policies within the group.
• Assist the group to establish business strategies and translate such strategies into
action.
• Ensuring value for money on all transactions of the business
• Ensure timeous invoicing to clients and collection of money to ensure debtors are
within the 30 days age analysis and resolve all clients’ queries.
• Ensure payment to clients is done as per contractual agreement and resolve all staff,
debtors’ and suppliers’ queries.
• Ensure assets are being utilised for the benefit of the business and are all productive.
• Review and submission of companies’ cash-flows and debtors reports to the CEO
and EXCO on a weekly basis.
• Supervision of collection of money from debtors ensuring that debtors must remain
within the 30 days age analysis range.
• Releasing all payments using business on line.
• Liaison with company Auditors and resolving audit queries.
Company Secretary duties:
• Providing directors of the company collectively and individually with guidance as to their
duties, responsibilities and powers.
• Making the directors aware of any law relevant to or affecting the company.
• Reporting to the company's board any failure on the part of the company or a director to
comply with the Memorandum of Incorporation or rules of the company Act.
• Ensuring that minutes of all shareholders meetings, board meetings and the meetings of any
Committees of directors, or the company's audit committee are properly recorded in
accordance with the Companies Act.
• Certifying in the company's annual financial statements whether the company has filed
required returns and notices in terms of the Companies Act, and whether all such returns and
notices appear to be true, correct and up to date.
• Ensuring that a copy of the company's annual financial statements is sent, in accordance with
this Act, to every person who is entitled to it;
• Responsible for filing the Annual returns in terms of section 33 of the Companies Act, 2008.
• Responsible for Statutory compliance, Corporate Governance and Risk Management.
Name of Organisation : ActionAid International (NGO)
Position title : International Secretariat Management Accountant (45 countries)
Dates of employment : July 2011 to March 2015
Duties :
• Provide financial management support to Chief Executive, Country Coordination,
Finance and Operations directorates budget holders in the areas of Planning,
Forecasting, Budgeting,
• Production of monthly cost centre management reports, Proposal writing, New
projects and Donor reporting and Review of Reserves report.
• Providing budget holders with forecast financial tables for actual expenditure and
assists with forecasting spending for the remaining months of the financial year.
• Working closely with budget holders, to ensure a narrative plan incorporates enough
detailed information to enable production of annual budgets.
• Providing support through budgetary planning process by assisting with relevant
budget and forecast templates, and information for budgeting and forecasting
purposes.
• Ensure that management accounting reports are produced in time on a monthly basis
and are provided to all budget holders for discussion and improvement,
• Ensure that qualitative and quantitative monthly variance analysis and explanations
are done to allow management to make future informed economic decisions for the
organisation.
• Ensure budget holders have a clear understanding of financial reports.
• Review monthly transactions with a view to improve on the transactions
• Monitor and provide management accounting advice and guidance in preparing
contract proposals and agreements with restricted and unrestricted donor funding
organisation.
• Handle and resolve internal and external queries relating to Management Accounting
department.
• Design solutions and test management accounts module before implementation,
• Ensure that planning, budgeting and forecasting are done for every budget holder in
compliance to the set timetable by the top management.
• Provide consolidated budgets or forecast for discussion by the Senior Leadership
Team (SLT) which is equivalent to the Executive Committee in other organisations
• Review all management accounting policies and procedures and ensure compliance
to legislation and organisation overall objectives,
• Implementation and maintenance of system to account for all organisation
expenditure including recharges, petty cash, and credit cards expenses,
• Making sure that all expenditure and recharges are authorised in accordance with the
delegation of authority.
• Ensure that supporting documents are always provided and file for all expenditure
and to perform any other reasonable request from line management.
• Assist budget holders by providing budgets for new proposals.
• Upload the approved budgets and forecasts on to the System.
• Preparation of donor funding related financial reports for audit purposes where the
project does not have a Project Accountant.
• Monitoring of agreed plan of action on reserves which would have been agreed with
the budget holder, IS Financial Manager and IS Financial Controller.
Achievements :
• Successful in producing sound and fairly accurate monthly management accounts
which was not happening before my joining the organisation
• Successful preparation of business plans, budgets and forecast and loading them
onto SUN system for the organisation
• Successful processing on recharges and invoices in terms of agreement thereby
reducing the supplier age analysis from +150 days to 30 days.
• Successful in lobbying for the upgrade of the SUN System from version 4.2.6 to 4.4
• Successful in establishing finance reporting structure that complies to SLT
requirement of producing management accounts reported based on function and
location.
• Successful finance induction of non- finance colleagues on understanding finance
and allow them to suggest meaningful improvement.
• Exciting customers by automation of processes thereby fulfilling tasks and giving
feedback at the least expected time frame.
• Number of Subordinates: 6
• Size of budget managed: GBP8m
Name of Organisation : South African Bureau of Standards (SABS)
Position title : Accounts Payable Specialist
Dates of employment : March 2011 to June 2011
Duties :
• I managed the Accounts Payable section including travel payments and the
management of company owned cell phones, including training and development.
Achievements :
• Trained the Accounts Payable team on how to do supplier reconciliation, improve
working relationship in office and with internal & external customers
• Resolved office conflict and conflict with suppliers, auditors, banks and other
departments
• Self taught and succeeded in using JD Edwards in processing and approving invoices
and cheque payments
• Improved communication within SABS and with suppliers, banks, internal and
external auditors leading to reversal of interest on late payments and legal
challenges.
• Motivated staff to work smarter and contribute to the value-chain of SABS thereby
reducing the supplier age analysis from +300 days to 30 days within 3 months.
• Uplifted morale within Accounts payable and internal and external customers
resulting in positive feedback from suppliers and auditors.
• Unearthed fraud to the tune of +R350000 that had happened for a period of a year.
• Introduced ethical standards expected of Accounts payable staff to reduce fraud and
corruption.
• Exciting customers by automation of processes thereby fulfilling tasks and giving
feedback at the least expected time frame.
• Number of Subordinates: 8
• Size of budget managed: R750m
Name of Organisation : Mfundi Projects Management (own company)
Position title : Consultant
Dates of employment : May 2009 to February 2011
Duties :
• Finance and business management consultation.
• Registration of companies
• Filing company Annual returns, VAT, PAYE, UIF, Income Tax returns, SDL
• Training small companies on invoicing, accounting transactions processing in books
of accounts such as cash book and ledgers and general ledger, doing monthly
management accounts reports and financial statements, stock control, procurement
process and procedures, asset control and maintenance of asset register, budgeting
and forecasting, risk management
• Facilitating at business workshops such as Strategic Budgeting, Internal Auditing and
internal controls, Budgeting and Forecasting, Good Corporate Governance, Strategic
Risk management
• Number of subordinates: 3
• Size of budget managed: R20m
Name of Organisation : Deloitte Consultancy (Pty) Ltd
Position title : Consultant
Dates of employment : December 2006 to April 2009
Duties seconded to :
• RSA Department of Health and Provinces (Financial Management Consultant),
• Road Accident Fund (Manager-Support Services)
• Sasol Secunda (Financial Management Consultant)
• National Prosecuting Authority (Trainer- Planning and Budgeting).
• Number of subordinates: 158
• Size of budget managed: R2.2bn
Name of Organisation : Total Facilities Management Company (Pty) Ltd
Position title : Financial Manager, then promoted to General Manager
Dates of employment : April 2001 to November 2006
Duties seconded to :
• Financial management and then general management.
• Number of subordinates: 35
• Size of budget managed: R1.2bn
Name of Organisation : Gobodo Outsourcing (Pty) Ltd
(Seconded To Transtel Spacelink)
Position title : Independent Financial Executive
Dates of employment : June 2000 to Jan 2001
Duties :
• Financial management and then general management.
• Number of subordinates: 5
• Size of budget managed: R56bn
Name of Organisation : Costain Construction (Pty) Ltd.
Position title : Financial Manager
Dates of employment : Nov. 1994 to Oct. 1999
Duties :
• Project, joint-venture and sub-contract financial management for all construction
projects.
• Supervise Senior Accountants, Accountants, Accounts Clerks, IT, and wages clerks.
• Keeping of order intake that details all contracts awarded and brief terms and
conditions.
• Project financial management advise on project proposals to ensure that they at least
break-even.
• Keeping copies of construction projects contract agreements ensuring that all certified
construction work is paid for on a monthly basis by the 5th
of the month and provide
summarised reports there on in liaison with Quantity Surveyors, Architectures, Legal
practitioners and Plant Manager.
• Providing for retention money that is paid to construction company 6 months to 12
months after commission and handing over of completed construction projects and
the customer is satisfied that no faults can guarantee the withholding or usage of
retention money.
• Review and formulation of finance policies and procedures that comply to legislation
and other governing laws and improve internal controls.
• Doing projects, joint-venture and sub-contractors plans, budgets and forecasts.
• Dealing with Financial Markets making sure that some funds are invested in short-
term investments in order to meet the financing of any projects awarded either
through the tender system or through lobbying and word of mouth referrals.
• Managing the Risk Register.
• Providing monthly, half-yearly and yearly project, joint-venture and sub-contract
reports.
• Managing the year end and audit process.
• A member of Senior management team (EXCO) that worked with other departmental
heads to formulate company strategy and guide the operations of the Africa Region.
• Filing statutory returns.
• Preparation of Group Financial and Management Statements, Variance analysis &
control. Contract, project & joint venture accounts.
• Maintain and improve internal controls, accounting principles and procedures guided
by GAAP, IAS & Companies Act.
• Supervision of subordinates, Cash flow management.
• Management of company properties, investment, debtors, creditors, assets, stocks
and contracts.
• Preparation of Contract Agreements, Project appraisals, Allocations and signatory to
Petty cash and cheque accounts.
• Reviewing and improving internal controls through review and setting of company
policies and procedures.
• Instrumental in setting internal audit department.
• Number of subordinates: 25
• Size of budget managed: R27bn
Name of Organisations : First Merchant Bank of Zimbabwe, Comptroller & Auditor General
Zimbabwe, Ernst & Young Zimbabwe
Positions title : Administration Manager- Company Secretary, Auditor, Audit clerk
Dates of employment : Jan 1990 to Sept 1994
Duties seconded to :
• Administration,
• Company secretarial,
• Internal auditing, and
• External auditing.
• Number of subordinates: 35
• Size of budget managed: R3.4bn
REFERENCES
1. Ernest Mhande- HIVOS Regional Financial Manager:
ernestmhande@gmail.com: 0724510734
2. Wanda Van Zyl- Management Accountant SABS: wanda.vanzyl@sabs.co.za :
0739714916
3. Raphel Manguta- TFMC Financial Management Accountant:
rmanguta@live.co.za : 0823049934
4. Maureen Mashiane- Road Accident Fund- 0832697285