1. Curriculum Vitae
Bcom. (Accounting) Hons.(NUST)
Master of Science in Accounting and Finance (Dissertation)(NUST)
2390 Gono Street, New Marlborough, HARARE
Cell +263 712 234 998, +263 774 588 936 or Phone +263 4 300 946
Date of Birth December 24, 1973
Family Status Married; four children
Manager Management Accounting, TelONE (PVT) Ltd Zimbabwe, responsible for
financial analysis and management report production, costing and pricing of company
products and services, budgetary process and control, projects analysis and monitoring
and investment appraisals. A/Head Finance, TelOne (Pvt) Ltd responsible for developing
and implementing financial and management accounting strategy to improve
transparency, accountability and corporate governance in the company, Monitoring the
financial performance of the company as well as undertake budgetary control and
money market investments. Audit Team Leader, TelOne (Pvt) Ltd Zimbabwe,
responsible for providing independent assurance and consultancy services by appraising
TelOne systems of control, governance and risk management processes. Senior Internal
Auditor, The University of Zimbabwe, responsible for providing internal auditing and
consulting services to the University and its Associate organizations. Principal Auditor,
Reserve Bank of Zimbabwe (RBZ), responsible for providing internal audit services to
the Bank and its subsidiaries. Accountant (Gold), Aurex Holdings Ltd (Subsidiary of
RBZ), in charge of providing accountability of more than two tones of fine gold. Internal
Auditor, Reserve Bank of Zimbabwe, auditing operations of the Bank and its subsidiary
companies. Auditor, Office of the Comptroller and Auditor General, with responsibilities
of auditing government ministries, departments and state enterprises.
An eighteen-year (18) career with strong bias towards auditing and accounting. Have a
passion for developing and monitoring information and operational systems that govern
business operations and provide strategic information for decision-making.
A team player with high level of integrity, strong interpersonal skills, able to build
relationships and to communicate at all levels. Highly analytical, passionate, innovative
and have good professional judgement. Able to handle pressure and have a keen
instinct of achieving tangible results that effect positive change.
Professional Experience and Accomplishments
March 2008 to March 2015, Manager Management Accounting, TelOne (Pvt) Ltd
Reporting to the Head Finance and responsible for:
Developing management accounting systems that support decision-making processes
and overall company objectives through:
Undertaking project appraisals, monetisation and complete project management.
Developing and monitoring the operation of company revenue and capital
forecasts and an effective cost centre based Budgetary Control System.
Developing and operating an effective cost allocation system to support the
strategic decision making process in investments, cost reduction, tariff setting
and inter-business charging.
Developing procedures for the preparation of revenue, capital and cashflow
budgets and institute mechanisms for monitoring actual performance against
Using the COSITU model to determine cost based tariffs for the company’s
Providing an effective Costing System for goods and services to facilitate the
setting up of cost based tariffs for the company.
Timeous compilation of monthly financial analysis and management reports
including detailed variance analysis to facilitate informed decision making.
Spearheaded the implementation of the SAP/ERP system in the company.
Facilitated the use of cost centre budgeting and accounting as a way of measuring
viability of business sub-units and exchanges.
Nov 2010-April 2011, March 2013 to August 2014 Acting Head Finance, Telone
(Pvt) Ltd, Zimbabwe
Reporting to the Finance and Administration Director, responsible for
Planning and developing policy on money market investments and undertake
Cash flow forecasting and analysing company cash position and advising on its
Compiling and consolidating TelOne capital and revenue expenditure budget
Preparing and negotiating payment plans for huge balance creditors and
Reviewing bank and folio reconciliations.
Maintaining financial reports and aligning with new standards.
Developing and maintaining accounting policies and procedures and presenting
monthly financial reports to senior management and annual financial reports to
Preparing, exchanging and settling financial reports with International
Telecommunication interconnection partners.
Preparing and processing creditors’ age analysis report to facilitate settlement of
bills and keeping updated creditor’s ledgers.
Authorising all TelOne expenditure before payments are effected.
Performing valuation and updating of fixed asset register.
Establishing all taxes and related transactions to be paid to ZIMRA and timely
submission of all respective returns.
Preparing and distributing accurate monthly management accounts timeously.
Reviewing cost models for all TelOne products and services as per set models
monthly for control of budgets for the organisation.
Ensuring that all business transactions remain within budget by use of variance
analysis reports and monthly departmental budget meetings.
Reviewing organisational performance against set targets and preparing ad hoc
reports for senior management or for the Board.
Analysing project viability before approving implementation and preparing
investment appraisals for all TelOne projects.
Computing tariffs using the COSITU model before submission to POTRAZ for
approval and implementation.
Reviewing financial processes and procedures and updating the accounting
manual for the Finance department.
Regularly reviewing the TelOne investment policy and aligning with current
Reserve Bank of Zimbabwe policies.
Recommending appropriate investment portfolio, money market or structured
finance to the directorate.
Planning and coordinating internal and external audits as well as stocktaking.
Providing information for annual Collective Bargaining.
Identifying staff training needs and bridging the skills gap.
Successful implementation of the SAP/ERP system in the company as the Project
Timeous production of monthly management accounts for decision making.
Spearheaded the fixed asset identification, tagging and valuation exercise.
Feb. 2007 to Feb. 2008, Audit Team Leader, TelOne (Pvt) Ltd Zimbabwe
Reporting to the Manager, Internal Audit and responsible for:
Leading audit teams in conducting compliance, financial, operational, investigative and
follow-up audits in accordance with departmental and professional internal auditing
standards as an independent assurance and consulting services to the corporate
Formulating strategic plans that ensures a smooth and effective internal audit
function in the organisation.
Reviewing and commenting on the financial performance and risk management
processes of the company.
Conducting value for money (economy, efficiency and effectiveness) audit
reviews on operations and processes and advising accordingly.
Reviewing progress on the attainment of corporate objectives through appraising
strategy implementation initiatives with special emphasis on business growth,
cost reduction, profitability and customer satisfaction.
Reviewing the company’s governance structures and related administrative
issues and evaluating them for compliance with relevant statutes, regulations,
policies and acceptable corporate ethical behaviour, standards and practices.
Producing reports on audit findings and making practical recommendations that
guarantee practical corrective action by management.
Conducting follow-up reviews.
Managing an internal audit function capable of providing quality service to the
Developing and maintaining strong relationships with the senior management,
audit committee and other regulators.
Timeous production of reports that enabled management to make informed decisions.
(reduced turnaround period for reports)
Sept. 2006 to Jan 2007, Senior Internal Auditor, University of Zimbabwe
Reporting to the Chief Internal Auditor and responsible for:
Assisting the Chief internal auditor in providing quality internal audit service to the
Planning and controlling the activities of the Internal Audit Department
Monitoring and evaluation of the effectiveness of the University’s risk
management and internal control systems.
Ensuring the University’s financial, operating and managerial information
systems are accurate, reliable and consistent with accepted accounting,
operational and managerial policies and standards.
Ensuring the economic, efficient and effective use of the University’s resources.
Safeguarding the University’s assets from loss and verifying their existence.
Ensuring compliance by the University to its management policies, procedures
and government laws and regulations.
Supervise and provide on the job training to junior staff.
Produce Internal Audit programmes and management reports for audit
Undertake audit investigations.
Nov. 2004 to Sept. 2006: Finance and Admin.Manager, Tom Transport (TOMTRANS) Zimbabwe
Providing financial management and general administration to the commuter transport
Key activities include: Monitoring the bus fleet, management and providing on the job
training to new staff.
Key Achievements: Business growth through maximization of average daily income.
July 2004 - October 2004 Principal Internal Auditor, Reserve Bank of Zimbabwe
Reporting to the Division Chief - Internal Audit and responsible for:
Assisting the internal audit department in providing quality internal audit service to the
Planning, monitoring and evaluation of the effectiveness of the Bank’s risk
identification and management systems.
Ensuring the Bank’s financial, operating and managerial information systems are
accurate, reliable and consistent with accepted accounting, operational and
managerial policies and standards.
Ensuring the economic, efficient and effective use of the Bank’s resources.
Safeguarding the Bank’s assets from loss and verifying their existence.
Ensuring compliance by the Bank to its management policies, procedures and
government laws and regulations.
Supervise and provide on the job training to junior staff
Produce management reports
February 2002 - June 2004 Accountant (GOLD), Aurex Holdings (subsidiary of RBZ)
Reporting to the Finance Director and responsible for:
Ensuring a sound gold accounting system through:
Maintaining records of:
- gold holdings (about two tones of fine gold).
- internal gold movements among thirty-four departments.
- external gold movements (imports and exports).
Producing weekly and monthly management reports..
Recommending gold strategic issues to Top Management.
Reconciling gold accounting records.
Supervising spot and monthly gold stock counts.
Gold products costing and revenue analysis.
Supervising subordinates and attending to general departmental administrative
Reduction in gold losses through regular and thorough stock takes.
Timeous production of clear and accurate gold management reports.
Facilitated continuous production in the factory by recommending use of recycled
gold obtained from non-moving gold items during critical gold shortage periods.
September 1997 - January 2002 Internal Auditor, Reserve Bank of Zimbabwe
Reporting to the Principal Auditor and responsible for:
Conducting compliance, financial, operational, and follow-up audits in accordance with
accepted internal audit standards as an independent assurance and consulting service
to the Bank through:
Drawing up audit programmes.
Surveying functions and activities in assigned areas to determine the nature of
operations and the adequacy of the system of internal control to achieve
Determining, in consultation with the principal auditor, the auditing procedures to
be applied including sampling and the use of information technology.
Evaluation of business systems for adequacy and effectiveness and review the
systems and recommend improvement to reduce risk to the Bank.
Produce management reports.
Following up on audit recommendations and appraise on the adequacy of
January 1996 – August 1997 Auditor, Office of the Comptroller and Auditor General
Reporting to the Assistant Director – Audit and responsible for:
Carrying out interim and final audits on government ministries and state
Supervising and giving on the job training to junior staff.
Planning audits within limits set by Senior Auditor or Assistant Director.
Updating audit programmes, questionnaires and producing management reports.
Education & Training
Bcom (Accounting) Honours, National University of Science and Technology
Current: Msc in Accounting and Finance (final), NUST
Short Courses Attended
Financial Modelling Masterclass – IIR Training
Network Cost Modelling For National Operators – African Advanced Level
Telecommunications Institute (AFRALTI), Kenya
Interconnection and Facilities Sharing in the Age of ICT Convergence – IIR
Telecoms Pricing Masterclass – Salvo, South Africa
Risk management and computer controls – Impact Management Training
Internal Quality Auditing – Det Norske Veritas
Internal Auditing I and II – ZIPAM
Computer Auditing – Institute of Internal Auditors Zimbabwe
Technical Skills & Other Competencies
Computing – SAP/ERP, MS Word, MS-Excel, MS Access, PowerPoint, ACL, Team-
mate, Sage line500, Pastel, Timebag gold packages, COSITU costing model, LRIC
Other - Clean Class 4 Driver’s Licence
1. Mr. B. Kazengura, Finance and Admin. Manager – IPEC (Former Head Finance,
Acting Finance and Adminstration Director – TelOne)
Cell +263 712 879 134, Phone +263 4 443 358
E-mail 'email@example.com'; firstname.lastname@example.org
2. Mr. C. Maunganidze, Senior Manager Finance – Tel-One (Private) Limited
Cell +263 712 214 120, Phone +263 4 797972
3. Mr. D. Mangena, Chief Internal Auditor - University of Zimbabwe
Cell +263 772 438 158, Phone +263 4 334044
4. Mr. R. Majilana, Manager Internal Audit – POTRAZ (Former Manager Audit –
Cell +263 712 884 287,