Sa Operations: FNB Business Lending Fulfilment
CA (SA) (SAICA) | \ng
Pedzisai Magama
Harare, Zimbabwe
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an FNB innovation award in 2018 as a “2025 future platform”
27 - |-| Johannesburg, SOUTH AFRICA
References upon request
PROFESSIONAL SUMMARY
I am an adept Accountant with extensive experience across Financial Auditing and Financial Reporting,
tax planning, management accounting, business administration, complex tax issues cost allocation,
variance analysis, development and implementation of internal controls for a diverse clientele.
I am detail oriented and motivated with strong team leadership and collaboration skills. I have
demonstrated superior analytical and problem-solving skills practiced at drilling down to transactions
details and key business trends to improve efficiency and profitability.
As part of my previous roles I have called upon to not only audit and prepare financial statements but also
to give an overview of business operations, internal controls and going concern with a focus on efficiency
and profitability. My specialized knowledge of interpreting financial statement has ensured efficiency, tax
savings, optimal pricing policies, positive cashflow and overall profitability for clients served.
PROFESSIONAL SKILLS & EXPERTISE
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Financial Reporting and External Audit: I have an in depth understanding of key financial reporting and
audit issues affecting the financials of a business and can provide effective solutions to address these
in accordance with International Financial Reporting Standards (IFRSs) and International Standards on
Auditing (ISA).
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Strong and effective communication skills: A key strength of mine is my ability to communicate verbally
and non-verbally with all stakeholders including internal disciplines such as partners, audit,
management accountants, managers, and junior staff. I also have a demonstrated ability to speak in
front of small or large groups of people. I have demonstrated effective communication skills in writing
reports to management and in the auditors’ report clearly and concisely articulating issues and
recommendations therein.
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Business Acumen and Customer Centricity – I have an in-depth understanding of the key business issues
and risks affecting profitability and growth of an enterprise from analysing and observing various
business trajectory in relation to their key financial metrics including liquidity, debt and cashflow as
depicted in the financial statements. My focus is on customer experience aiming to deliver the best
quality in product or service and I have demonstrated this by understanding the businesses I serve and
their industry specific risks better placing me to provide stakeholders with effective solutions.
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Professional scepticism: I have held an objective and healthy scepticism when approaching audit
matters and having this curious mind has seen me unearth some subtle malpractices regarding financial
reporting, donor funds allocations and fraudulent payments across different clients and industries.
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High intelligence and emotional quotient: I am an independent, creative thinker with sound judgement
and strategic decision making competencies.I can quickly identify trends in financial data and make
actionable recommendations to further the mission of a business in attaining profitability and efficiency
of processes. I operate optimally as part of a team and I am an equally confident and capable selfstarter with fair consideration of colleagues upward and downward the organisational hierachy.
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Pedzisai Magama
NOTABLE CAREER ACHIEVEMENTS
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During my time as an auditor assistant at Baker Tilly, I uncovered donor funds misappropriation through
fraudulent payments to non existing suppliers to the tune of $100, 000 over a twelve month period by
thoroughly following the audit trail and perfoming audit procedures resulting in discplinary action for
the perperators. I then designed and implemented controls to ensure such risks were mitigated.
As a client accountant at Abacus360, I oversaw the onborading from Microsoft Excel accounting
system to QuickBooks of a client with a baance sheet valuation effectively and efficiently.
As a customer service rep at Roots Nursery I utilized the power of quality service to even the business
landscape with more established competitors in the same space which saw the company experience
unprecedented growth in revenue and profits.
CAREER SUMMARY
08.2020 – Present
02.2020 - - - – 12.2016
Assistant Accountant, Rostron Carlyle Rojas Lawyers Australia
Audit Assistant, Baker Tilly Botswana
Bookkeeper/ Customer Service Rep, Roots Nursery
Client Accountant, Abacus360
Audit Clerk, Vali & Co Russell Bedford Int’
EDUCATION / PROFESSIONAL QUALIFICATIONS
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Association of Chartered Certified Accountants, Association of Chartered Certified Accountants
Advanced Diploma in Accounting and Business
Diploma in Accounting and Business
CAREER HISTORY
08.2020 - Present
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Role Overview:
Responsibilities:
Assistant Accountant
BPO Zimbabwe/RCR Law, Australia (Remote)
Responsible for the financial reporting framework of the organisation, reviewing and
preparing tax liability accounts reconciliations and remitting quarterly tax payments.
Assist the business in identifying areas of accounting controls risk and mitigating plans
for each according to RCR Law Standard Operating Procedures.
A key focus over the period in the following areas of expertise:
• Financial reporting
• External audit
• Payables and receivables
• Audit Risk Management
• Tax compliance and planning
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Assist client to obtain a clean Trust Account Auditor’s report by having all
transactions reconciled timeously and following Trust Accounts policies as per
Australian legislation.
Mitigating cashflow problems by negotiating payment plans for quarterly tax
obligations.
Responsible for weekly payroll using MyOB and statutory filings including BAS,
Superannuation, PAYGW`and timely paying of the same.
Data entry of cash receipts, daily bank reconciliations, invoicing outstanding
receivables and paying outstanding payables in preparation of year end audit.
Demonstrated strong working knowledge of regulatory requirements by
performing crucial work including effecting tax policy change midway through
a financial year, preparing documents for law practice license renewal.
Ensured compliance with Australian Tax Laws by preparing Australian Tax Office
(ATO) tax returns.
Determined impact of new legislation on the business by performing tax research
and staying current on new information.
Pedzisai Magama
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02.2020 – 07.2020
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Role Overview:
Responsibilities:
Audit Assistant
Baker Tilly Botswana
Assisting with engagements relating to forensic audit, financial reviews, agreed upon
procedures including due diligence, internal control reviews and special audits in
accordance with the terms of engagements of various multinational and local
retailers, trading and service industries.
Assist the business in identifying strategic risks and mitigation plans for each, in line
with the operational risk methodology.
A key focus over the period in the following areas of expertise:
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External Audit
Financial Audit
Systems Audit
Internal Controls
Financial Accounting
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Reduced process complexity and increased audit efficiency by utilizing
Caseware software.
Undertook audit field work on more than 10 large-scale companies, both regional
and domestic entities.
Determined the nature, timing and extent of tests of controls based on
substantive risks.
Performed audit procedures on both Test of Control and Substantive tests.
Designed and implemented a fit for purpose retail audit programme to
accommodate the business value chain.
Analysed performance in the areas of financial and management controls
regarding economy, efficiency and effectiveness of operations for various clients
making recommendations in the Management Report.
Identified internal control process weaknesses in which financial fraudulent and
accounting misstatement may occur.
Assisted with audit strategy and assessed risk of material misstatements in the
financial statements.
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Cultivate and manage objective working relationships with a variety of
stakeholders, including end-users, partners, litigators and senior staff members.
Worked closely with senior managers and audit partner to audit complex
accounting areas including goodwill and pension.
Researched and presented technical accounting subjects to entry level staff.
Planned and audited a regional retailer in the fashion industry on a 5-person
team, including testing for all audit assertions, identifying deficiencies in internal
controls, substantive testing and financial statements preparation according to
International Financial Reporting Standards (IFRSs)
Pedzisai Magama
08.2017 – 02.2020
Role Overview:
Responsibility:
Bookkeeper/ Customer Service Rep
Roots Nursery
My responsibilities included overseeing customer service, marketing, tax compliance
and financial reporting for a start-up business with a focus on quality service,
increasing sales revenue and creating new revenue streams.
A key focus over the period in the following areas of expertise:
• Business Development
• Marketing
• Customer Relationship Management (CRM)
• Inventory
• Financial Accounting
• Tax Planning
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01.2017 – 07.2017
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Role Overview:
Responsibilities:
Client Accountant
Abacus360
Managed and oversaw the financial reporting, tax planning and business
consultancy needs for clients served including carrying out the financial reporting
function, lodging and paying statutory obligations on behalf of clients, business
advisory on pricing, growth strategy and cashflow.
A key focus over the period in the following area of expertise:
• Statutory and Tax
• Financial Reporting
• Financial Analysis
• Business Advisory
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Developed and implemented an innovative inventory ordering system that
contributed to a tenfold sales increase.
Effective analysis of client preferential product spending patterns coupled with
the innovative product inventory system, increased order rates to 45%.
Ensured South African Revenue Service (SARS) tax policies were adhered to by
lodging income tax returns and getting a tax clearance year on year.
Applied and got approved for trading loans to expand product range using
International Financial Reporting Standards (IFRSs) adhering financial
statements.
Managed accounts payables during 2019 peak season, keeping weekly
payments to a minimum, freeing cashflows for other company needs.
Marketed seasonal sales using Facebook Ads campaigns to create customer
awareness resulting in a wider customer demographic including millennials.
Initiated innovation programmes with a core focus on efficient business
processes and tax structure optimisations. The programme portfolio consisted of
more than 20 key clients.
Oversaw the onboarding to e-filing of the entire company’s client database
and trained colleagues and junior staff on the effective use of this system.
Designed and implemented accounting and internal control systems for
companies including introducing QuickBooks as the accounting software of
choice.
Prepared, examined and analysed complex accounting records, financial
statements and financial reports to ensure accuracy and adherence to
reporting and standard operating procedures.
Initiated paperless environment resulting in eliminating redundant workflow
processes and increasing profitability.
Pedzisai Magama
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01.2014 – 12.2016
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Role Overview:
Responsibilities:
Conducted training for colleagues and clients on effective use of accounting
software including QuickBooks, Sage One, Pastel and Xero for improved
efficiency.
Lead an accounting team in charge of financial reporting of a large non-profit
organisation with 13 donor funds and an annual budget of $15 million.
Audit Clerk
Vali & Co (Russell Bedford International)
An entry level training placement (articles) to gain practical experience on audit
methodology, financial reporting according to International Standards on Auditing
(ISA) and International Financial Reporting Standards (IFRSs) respectively pursuant to
36 months relevant experience required for the ACCA Chartered Accountant
designation.
Gained extensive experience across public enterprise, insurance companies, real
estate investments funds and not-for-profit auditing in accordance with
International Standards on Auditing (ISA).
A key focus over the period in the following areas of expertise:
• External Audit
• Systems Audit
• Forensic Audit
• Financial Reporting
• Internal Controls Review
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Independently performed audit procedures for 4 top tier clients by examining
clients’ financial statements, ledgers, journal entries, invoices with high level of
attention to detail.
Identified key risks faced by a major client in insurance (Regal Insurance)
pertaining to going concern and accounting malpractices in a qualified audit
report.
Conducted process interviews and walkthroughs to document relevant
processes and internal controls.
Conducted audit engagements on public schools, non-profit entities and
municipal and rural councils.
Organized and filed audit working papers and maintained a permanent and
current audit file on each client.
Reconciled cash bank accounts to bank statements and bank confirmations in
order to confirm trial balance balances.
Vouched over $2 million of fixed assets additions, disposals, and depreciation
against invoices, disposal forms and depreciation schedules for African Chrome
Fields.
Carried out a review engagement on sale of land in a rural district council
converting to a municipal town council to the value of $25 million.
Expanded personal and professional skills through proactive participation in
training sessions, maintaining up-to-date knowledge of market trends.
ACHIEVEMENTS AND EXTRA CURRICULAR
• Co-founded a professional tuition provider (Eagles Business School) in Harare Zimbabwe catering
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for the working class engaged in continued professional development (CPD). Marketed the
venture through Facebook Ads and word of mouth resulting in enrollment with revenues over
$2000 per month.
Interests: Reading, Running, Mixed Martial Arts.
Pedzisai Magama
