Masibulele Ntshinga

About Me

Technical Skills

• Outlook

• Word

• Excel

• PowerPoint

• Access

• Sage Pastel

• Serenic

• Quickbooks

• Caseware

• Payroll 

Certificates

• Professional Accountants (SA)

• Tax Practitioner (SA) 

Memberships

• South African Institute of Professional Accountants (SAIPA)(membership no. 35096)

• Centre of Tax Excellence (CoTE)

EDUCATION

• University of South Africa
  Bachelor of Technology: Internal Auditing 

• Cape Peninsula University of Technology 
  National Diploma: Internal Auditing

• Ndabankulu Senior Secondary School
  Matric: including Math’s, Business Studies, English 

EMPLOYMENT

Country Finance and Accounting Manager

Doctors Without Boarders South African Mission NPC

03.01.2022 – Current

• Responsible for implementation and respect of finance standards and policies including legal compliance in the mission and the Southern Africa Supply Support Unit (SASSU), including cash policy and mission money security rules, validation table and other.

• In Line with the recentralization setup and in collaboration with the regional support, works to promote financial autonomy in all projects and define and implement new ways of working.

• Direct Supervision of CST finance staff and functional support to Project finance staff.

• Support Projects and Regional team to definition and development of internal control system, in order to meet all financial external and internal obligation while keeping financial ethics respected at all times within the country.

• Supports operations through the management of the treasury at country level, in order to ensure the smooth running of operations at project level and in SASSU, whilst maintaining proper control on security risks. At country level anticipate planned expenditures, manages local bank accounts and transfer of funds, managing contacts with banks and/or other financial institutions at country level, and execute the payment of suppliers and staff salaries.

• Is responsible and a focal person for all official communication and timely reporting related to MSF registration as an NPC (Non-Profit Company) in South Africa. Responsible for overall compliance with financial legislation in the country.

• Prepare annual financial statements and tax return filing at required intervals. Liaising with the SA Taxation Office and other regulatory bodies when required. As Public Officer of the Company, accountable for the Tax affairs of the organization.

• Is responsible to support quality and timely accounting for the whole country and SASSU e.g., cash procedures, bank accounts, receipts and supporting documents, electronic data entry, consolidation of overall country accounting, monthly closing process and documents, ensuring strict respect of deadlines and strict compliance to MSF guidelines, financial standards, and procedures.

• Coordinating and overseeing the monthly and yearly closing of accounts and balance sheet and reporting the country's accounting statement through monthly and weekly reports, in order to verify the evolution of mission finances and provide necessary information.

• Coordinating and supervising the conduct of external and internal audits for the mission, closely follow the implementation of audit recommendations and findings.

• Coordinates and oversees the sound financial management of the Country Support team and SASSU.

• Provide first line technical support and regularly advise project teams on WeFin related matters.

• Is responsible for preparation of reliable budget for country support office and revise the forecasts regularly together with CST. Analyze CST budget utilization versus time lapsed - for regular expenses especially, and overall. Identify and propose any financial risks (over or underspending) where necessary. Uploads the forecast matrix with monthly expenses for the following projects: SASSU, ASSO, Covid-19, Regional migrations and any new emergency project.

• Is responsible for preparation of the financial part of IMT, check, analyze and consolidates results of IMT from other departments in CST. Ensure Internal Control system is in place and identified risks were fully mitigated and/or minimized.

• Support the Mission Finance teams, in the associated HR processes (recruitment, training/induction, evaluation, development and communication)

• Is the overall technical reference for any accounting-related issue including legal compliance within the country, training and support on the MSF accounting software / system.

• Briefing all staff involved in Finance on MSF finance policies and compliance requirement within country level

• In Collaboration with the Regional finance Controller, support the financial management of donor contracts.

• Coordinating and implementing the management of insurance portfolio for the Country.

External Consultant (At Personal level)

Various clients

01.04.2021 – 31.12.2021

• Accounting, Audit, Projects Management and Tax Services consultations

Head of Finance 

Sustainability Institute (NPO) & Indaba Montessori Institute (NPO) (Heading both Institutions)

04-2019 – 03-2021

• Oversee finance department, including accounting and payroll functions

• Oversee month ends and preparation of monthly reports

• Develop annual program and ad hoc projects budgets

• Cash flow management

• Participate in funding proposals

• Assisting program and project coordinators to operate within budgets

• Monthly, Quarterly, bi-annual and annual funder reporting and grant management

• Capacity building

• Analysed and consolidated financial data and provide recommendations

• Capacity building of project staff on financial reporting requirements

• Oversee cloud-based Humble Point of Sale system

• Oversee hospitality division

• Verification and authorisation of weekly payments

• Attending board meetings and reporting to the board

• Management of statutory audits

• Manage procurement processes within the organisation

• Responsible for tax compliance status of the organization

• Oversee payroll process and releasing on monthly salaries

• Strategic Planning for the finance department and the overall organisation.

• Analysing and Implementing effective investments opportunities.

Finance Manager (This is an organization that I run outside my full time employment)

Rainbow Arts Organisation (NPO)

02-2016 – 03-2021

 - Forecast monthly, quarterly and annual results

 - Funder reporting and Grants management 

 - Monthly payroll activitities

 - Capacity building

 - Approve or reject budgets

 - Conduct risk management

 - Evaluate and decide on investments

 - Allocate resources and manage cash flows

 - Conduct profit and cost analyses

 - Develop secure procedures to maintain confidential information

 - Ensure all accounting activities and internal audits comply with financial regulations

 - Consult board members about funding options

 - Recommend cost-reducing solutions. 

 - Fundraising Activities 

Senior Management Accountant 

Kheth’Impilo (NPO)

07-2018 – 03-2019

Key Performance areas are as follows:

- Ensure compliance with a variety of statistics and data.

- Development, maintenance and tracking of various grants.

- Responsible for development, control and maintenance of grant specifications.

- Develops reports and information for grant funding agencies.

- Receive purchase requests from staff and ensure it’s budgeted for and it’s 

  allowable.

- Creating custom financial reports as required by donors and internal projects. 

- Analyse, review, rearrange and compare original expenditures related to a project  

  to meet various reporting needs. 

- Prepare financial reports periodically as required.

- Assist project managers with analyses, forecasting and comments upon 

   project variances. 

- Maintain project-related records, including contracts. 

- Respond to requests for more detail from donors. 

- Liaise with Unit heads and operational programme managers to gather financial and  

  project accounting requirements, as well as tailored reporting structures

- Prepare project specific and organisational budgets as and when needed.

- Reviews budgets prepared by others to ensure quality standard are maintained.

- Facilitates accurate forecasting for projects by working with the financial accounting  

  team and relevant programme staff.

- Maintains program records.

Senior Project Accountant

TB HIV Care (NPC)

10-2016 – 06-2018

• Creating custom financial reports as required by donors and internal projects. 

• Analyse, review, rearrange and compare original expenditures related to a project to meet various reporting needs. 

•  Prepare financial reports periodically as required.

• Assist project managers with analyses, forecasting and comments upon project variances. 

• Maintain project-related records, including contracts. 

• Respond to requests for more detail from donors. 

• Liaise with Unit heads and operational programme managers to gather financial and project accounting requirements, as well as tailored reporting structures.

• Assist with the other financial functions within the financial division: - Creditors reconciliations 

• Reviewing and releasing of Creditors payments 

• Reviewing of month end journals 

• Compile information for external auditors, as required

• Booking deal, reviewing and releasing of international payments. 

• Reviewing of tax calculation and supporting documents in term of SARS requirements and submission and reconciling tax types (PAYE, ETI and VAT).

• Maintenance of tax types and Tax compliance status.

• Oversee compliance of SR spending and disbursement management.

• Reviews incoming invoices related to project activities, ensure satisfactory delivery of

• goods or services and obtains proper approvals of payments;

• Review documents for payments of disbursements on a timely manner to ensure that there are no unnecessary delays.

• Ensure that all relevant signatures are obtained for payment of SR invoices

• Maintain good relationship with our donors/creditors; contractors and SR’s.

• Ensure compliance with donor rules and regulations

• Ensure monthly timesheets for SR’s staff are correctly completed clearly stating dates, activities, hours worked and level of effort by for each funder and signed by both the employee and line manager.

• Scrutinise travel documents to ensure compliance with funders require and the organisation’s travel policy.

•  Maintenance of SR financial records.

Finance Manager 

Abalimi Bezekhaya (NPO) | Cape Town
03-2015 – 09-2016

Achievements 

• Establish and maintain an effective system for analysing and reporting on operating and capital expenditure. 

• Prepared cash flows, budgets, forecasts, financial statements and submit returns and maintenance of tax types (payroll, VAT and Income tax) and obtaining and maintenance of tax clearance certificate (tax compliance status).

• Manage full accounting function from source documents to Financial statements

• Implementation and maintenance of internal controls  

• Funding applications

• Grants, donations and other special funds monitoring

• Funding reports

• Payroll management, appraisals and staff training

• Monitoring and evaluation of data

Finance Manager

MCH Interiors | Cape Town
10-2014 > 03-2015

Responsibilities

• Established and maintained an effective system for analysing and reporting on operating and capital expenditure.

• I have brought the finance department from being outsourced to a strong and long lasting in house department.

• Manage and ensure the completion and accuracy of trial balances 

• Complete various account reconciliations to maintain the integrity of the G/L, including journal entries, receipts, and disbursements. This also include accounting systems, adding new accounts into the chart of accounts, mapping new accounts into the financial statements, reconciling sales subsidiary ledger to general ledger. 

• Prepare reports and statistics detailing financial results 

• Manage month-end closing including accounts analysis, financial statement preparation, department variance analysis, and corporate reporting 

• Manage the general accounting functions including payroll. 

• Compliance with IFRS, GAAP, Accounting standards.

• Proper implementation of internal controls.

• Develop and maintain effective working relationships with internal departments to facilitate the achievement of company’s operational objectives 

• Ensures accuracy, integrity and proper documentation of books and records

• Monitor and control all reports related to Taxes and Auditors 

• Prepare financial statements, including the Balance Sheet, the Profit and Loss, cash flow statement and Financial Statements notes.

• Preparation and submission of statutory return, including PAYE, VAT, Provisional Income Tax and dividends.

• Preparation of monthly and yearly budgets.

• Strategic planning

Audit Senior

Valentine Sargeant Blaauwberg Chartered Accountants | Cape Town (Did some Auditor General audits)
11-2011 > 10-2014

Responsibilities

• Planning, Conducting, Drafting audits

• Report audit finding and offering recommended solutions relevant to business and risk.

• Test the effectiveness of internal controls of the client

• Supervises junior auditors assigned to engagements providing guidance and overall review of deliverables

• Develops audit programs and testing procedures relevant to risk and test objectives.

• Obtains and reviews evidence ensuring audit conclusions are well-documented

• Ensures adherence at all times to all applicable department and professional standards

• Test accounting system of the client to check if reliance can be place on for audit purposes

• Insure that internal controls have been followed in the operation of the business

• To check if proper procedure have been followed in the process of sales, purchase (including acquisition and disposal of assets) and other income & expenditure transactions,

• Substantive Tests & Test of Controls on Clients Accounts on Purchases, Trade receivables, Payables, Inventory in both on the Income statement& Balance sheet

• Preparation of tax calculations and filling of Vat-201s returns, IT14 returns, IT 12 returns, Provisional Payments for various clients for SARS.

• Checking tax assessments and monitoring of all communication from SARS

• Draft audited financial statements 

• Update and review clients Financials for the year ended

• Prepare audit tests for Assets, liabilities, cost of sales, sales, income and expenses 

• Inspect client’s payroll to ensure that Employees Tax is in Accordance with SARS legislation.

• Compute Clients Corporate Tax Payments.

• Compute installment sale computations

• Writing-up cash book

• Conduct stock count

Audit/Accountant Trainee 

Valentine Sargeant Blaauwberg Chartered Accountants | Cape Town
09-2007 > 09-2011

Audit Intern

Greenwoods Chartered Accountants | Cape Town
02-2007 > 09-2007

STRENGTHS

•Can work under-pressure

•Good communication skills

•Self starter

•Excellent inter-relations with clients

PERSONAL INTERESTS

•Studying

•Reading Financial Magazines, and auditing Standards updates

•Soccer, jogging 

•Watching TV Sky news & sport

•Keeping up to date with the JSE stock exchange on shares and new developments 

REFERENCES

1. Name                                             Zoe Yaso

Position                                              HR Manager

Company                                          Doctors Without Borders 

Mobile                                                0738267866

Email address                                   MSFOCB-southafrica-admin@Brussels.msf.org

2. Name                                             Luphumlo Magodla

Position                                              Senior Financial Manager

Company                                          TB HIV Care 

Mobile                                                0726972972

Email address                                   luphumlomagodla@gmail.com

3. Name                                             Tyna Coffee

Position                                               Acting CFO

Organisation                                       Kheth’Impilo

Mobile                                                082 442 2686

Email address                                     Tyna.coffee@gmail.com