Appearance Mufaranechisi
Zillmere
Summary
Qualified Chartered Accountant with over 9 years' experience in providing advice and quality solutions to clients, specializing in External Audit, Consulting and Financial Reporting. Track record of leading diverse and high performing teams, having managed external audits for a portfolio of clients in various industries including mining and metals (primary), oil and gas, construction, real estate, manufacturing, consumer products , professional services and government and public sector
Overview
4
4
years of professional experience
1
1
Certification
Work History
Audit Manager
EY Chartered Accountants
01.2023 - Current
- Managing medium to large teams, overseeing strategic audit planning and execution for various clients (private and listed) ensuring compliance with latest industry regulations
- Preparation and review of technical accounting papers on emerging accounting issues (eg carbon credits) and complex matters (eg business acquisitions), receiving positive feedbacks from executives and clients.
- Collaborating with different experts in the firm eg IFRS Experts, Valuation experts to deliver efficient and quality audits.
- Streamlined audit processes through innovative methodologies and communicating clear and attainable engagement targets, improving engagement margins by over 15%.
- Served as the main client point of contact for key clients, fortifying relationships and securing 1 major client retention/renewal.
- Serving as the main client point of contact for key clients, receiving satisfactory feedback averaging 90% from audit quality surveys.
- Negotiated fees and overruns with the clients.
- Review of financial statements and annual reports for compliance with AASB and US GAAP.
- Review or preparation of complex consolidation workings suggesting improvements to the client.
- Review or preparation of tax computations (income tax, deferred tax computations capital gains tax including tax returns)
- Preparing audit close letters/reports for presentation to audit committees and Boards.
- Guiding team members in applying ISAs, IFRSs and industry specific knowledge when performing audits
Financial Reporting Analyst
PPC Zimbabwe Limited
12.2021 - 05.2022
- Preparation of detailed monthly management accounts (Income statement, balance sheet, cash flow statements, actual vs. plan comparisons, Gap/waterfall analysis, Prior Year & Year to Date comparisons, working capital calculations).
- Preparation of annual consolidated workings and the consolidated financials
- Successfully led the implementation of a share based scheme, ensuring the company is not exposed with regards to tax and other legal matters.
- Led the implementation of hyperinflationary accounting for the consolidated Group
- Involved in the preparation of technical accounting papers such as provision for rehabilitation, revenue recognition, legacy debt accounting.
- Assisted the Financial Controller with ensuring that the company has effective financial systems, controls and procedures in place.
- Point of contact for internal audit and external audits, improving the implementation rate of internal audits by 10%
- Preparation of annual tax returns and the quarterly payment returns. Preparation of monthly income and deferred tax calculations. Attending to tax matters and tax queries together with the tax accountant. Assisting payroll team with application of tax implications in payroll system/computations.
- Effective People & Self-Management - Supervision of Accounting officer – Tax and Accounting Officer – Foreign Creditors. Assist with training and up skilling finance department team on accounting, controls and financial reporting issues (ie; technical accounting training). Lead by example in planning and prioritising on matters.
Assurance Manager
Ernst and Young Chartered Accountants
07.2021 - 11.2021
- Successfully led the implementation of IFRS 16 and IFRS 15
- Tracking opportunities in Client Relationship Management tool
- Drafting proposals and quotations for prospective opportunities/clients
- Negotiating audit fees and overruns
- Performing interviews for potential recruits
- Review financial statements and annual reports for compliance with IFRS and GAAP.
- Advising clients on the application of reporting standards.
- Review or preparation of consolidation workings and financial statements in compliance with IFRS
- Review of client budgets, management accounts and board reports
- Review or preparation of tax computations (income tax, deferred tax computations capital gains tax including tax returns)
Education
Initial Test of Competence -
Institute of Chartered Accountants of Zimbabwe
Assessment of Professional Competence - undefined
Institute of Chartered Accountants of Zimbabwe
01.2021
Certificate - Theory of Accounting
Institute of Chartered Accountants of Zimbabwe
01.2019
Bachelor of Commerce Honors Degree - Accounting
National University of Science and Technology
01.2017
Skills
Microsoft Office Advanced Level of
Competence (Excel, Word, PowerPoint,
PowerBI etc)
Analytics Based Auditing and Data Analytics
Advanced Application of AASB, IFRS and IGAAP
Financial Analysis, cash flow analysis & budgeting
Financial statement review
Sustainability Reporting Basics
US GAAP Compliance
Internal controls design & evaluation
Client relationship management
Project management
Accomplishments
- Ranked in the top 10 best students in Zimbabwe – Initial Test of Competence (2020)
- Fifth best student in Zimbabwe – Certificate of Theory In Accounting (CTA Level 1) (2018)
- NUST Vice Chancellor’s Award for overall best graduating student – Bachelor of Commerce Honours Degree In Accounting (2017)
- NUST Book Prize for a first-class Degree – Bachelor of Commerce Honours Degree In Accounting (2017)
- PwC prize for best Part IV(Final) results – Bachelor of Commerce Honours Degree In Accounting (2017)
- PwC prize for best graduating student in the Accounting Department - Bachelor of Commerce Honours Degree In Accounting (2017)
- PwC prize for best graduating student in Taxation- Bachelor of Commerce Honours Degree In Accounting (2017)
- ACCA prize for overall best graduating Student– Bachelor of Commerce Honours Degree In Accounting (2017)
- PwC Prize for overall Best Part 1 Student– Bachelor of Commerce Honours Degree In Accounting (2017)
- Nust Book Prize for Best Part 1 Student– Bachelor of Commerce Honours Degree In Accounting (2017)
- Employee of the year, EY Bulawayo Office (2019)
- Consistently rated in the top-quartile of my peer group since commencement of employment, with a consistent trend having been noted on my performance appraisals.
- Obtained favourable ratings of Audit Service Quality from key client personnel on the engagements that I worked on.
- Proactive team player with an eagerness to learn and to teach. I have a commendable record of my ability to develop junior staff through coaching. I have formally facilitated in career guidance fairs to high school and university college students.
- Part of the Africa Financial Reporting technical Team
Affiliations
2023 : Chartered Accountant Australia and New Zealand (CA (ANZ)) – CA ANZ
2021 : Chartered Accountant Zimbabwe (CA(Z)) – Institute of Chartered Accountants Zimbabwe (ICAZ)
2021 : Registered Public Accountant (RPAZ)- Public Accountants and Auditors Board Zimbabwe (PAAB)
Certification
- 2023 : Chartered Accountant Australia and New Zealand (CA ANZ) – CA ANZ
- 2021 : Chartered Accountant Zimbabwe (CA(Z)) – Institute of Chartered Accountants Zimbabwe (ICAZ)
- 2021 : Registered Public Accountant (RPAZ)- Public Accountants and Auditors Board Zimbabwe (PAAB)
Timeline
Audit Manager
EY Chartered Accountants
01.2023 - Current
Financial Reporting Analyst
PPC Zimbabwe Limited
12.2021 - 05.2022
Assurance Manager
Ernst and Young Chartered Accountants
07.2021 - 11.2021
Assessment of Professional Competence - undefined
Institute of Chartered Accountants of Zimbabwe
Certificate - Theory of Accounting
Institute of Chartered Accountants of Zimbabwe
Bachelor of Commerce Honors Degree - Accounting
National University of Science and Technology
Initial Test of Competence -
Institute of Chartered Accountants of Zimbabwe
Other responsibilities
- Holding periodic meetings with other seniors, managers and partner to deal with issues such as; staff planning for jobs, audit fee collections and projections
- I was responsible in managing all audits of smaller clients such as non-governmental organizations for the Bulawayo Office.
Other accomplishments
- Carried out drafting of IPSAS Accounting Policies for the Government of Zimbabwe
- A member of the Financial Reporting Group (Specialising in advising local teams on IFRS and IPSAS Technical issues). Seconded to the EY Johannesburg office (November 2018 and from March to May 2019) to carry out pre-issuance reviews on financial statements of entities in Botswana, Zambia, Malawi, Tanzania, South Africa and Zimbabwe.
Training
- Trainings attended:
- Managing the Audit, 2022
- Web Based learnings (Various – completed over 100 hours of training which includes risk management, taxation, pensions, PCAOB, social housing and education sector training amongst others)
- Central Africa IFRS, Audit Quality Update, attends annually
- Core Skills 1 – 2, New Senior Program (Core Skills 3) Intermediate Senior Training Program (Core Skills 4)
- University week (Training for Supervisors, Managers and Partners.
- Web Based learnings (e.g. Escalation and Consultation)
- Trainings facilitated:
- New Staff Programme (Core Skills 1) Africa Core Skills Program (Core Skills 2), New Senior Program (Core Skills 3) and Intermediate Senior Training Program (Core Skills 4) – EY
Key Client Portfolio information
- Worked on oil and gas, mining and metals, construction, real estate, investment funds and brokerage services industries
- Worked and managed clients in Mining and Metals, Consumer Products and Retail, Financial Services, Hospitality, Construction and Public Sector