Ruvimbo Silas Kamonere

Experience

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  KPMG

  Oct 2008 - Sept 2010

  Audit Associate
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  KPMG

  Apr 2011 - Jul 2011

  Senior Associate

  Overview: Appointed as the Lead Senior on the Export Marketing Group Limitada.Responsibilities:Overall audit processes – Planning the audit, performing test of control and substantive testing, completion of the audit with the involvement of the Engagement Manager and Partner

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  KPMG

  Jan 2012 - Mar 2012

  Senior Audit Associate (Chicago) USA

  Overview: After becoming the top student during the initial Chartered qualfication exams , he was chosen on merit by the the partnershiop to go for a short term assignment to the USA.A 3 months rotation program working the in the Financial Services department – Chicago OfficeResponsibilities:Worked on a large multinational financial services group (Northern Trust Corporation) with subsidiaries in over 20 countries. Part of a large audit team and performed substantive audit procedures on the following sections: financial instruments loans and derivatives; share based compensation; trust fees; leases; and foreign exchange gains and losses.Northern Trust Cayman International (NTCI - 2011 yearend) – NTCI works to keep its clients’ trust funds. The Lead Senior of this fairly complex client which operates in a stringently regulated environment Show less

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  KPMG Chartered Accountants

  Apr 2012 - Jul 2012

  Audit Supervisor (Freetown) Sierra Leone

  Overview: He was continuously employed with KPMG in Zimbabwe since October 2008 to November 2012 where he manged to rise from Audit Associate to Audit Supervisor. During his employment at KPMG, he was seconded to three countries noted below:Seconded to train KPMG Freetown office employees on the new audit software introduced(E-Audit) in order to be compliant with KPMG Global new audit documentation and quality review systemResponsibilities:Responsible for the planning of engagements, review of engagement team members work.Preparation of financial statements, and completion of the audit for clients worked on, with the involvement of Engagement Manager and Partner. Show less

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  PricewaterhouseCoopers (PwC) DRC

  Dec 2012 - Jun 2013

  Audit Supervisor

  Overview: Managed all phases of the audit for mining and logistics clients.Reported to different Audit Managers and Audit Partner Audit teams of 3-8 staff members reported directly to himResponsibilities:Interacted with mining clients to understand and assess key risks, business strategies and significant processes, financial performance, industry trends and the business environment.Analysing of capital expenditure and recommending the depreciation method that best reflects the consumption of economic benefits.Planning and undertaking controls audits and systems evaluation.Review of the procurement, inventory cycle and the inventory valuation process.Understood and documented significant accounting cycles and internal control.Preparation and review of financial statements for different entities.Supervision of assistants on engagements, including setting expectations, providing on the job training and feedback to the audit team and conducting engagement reviews. Show less

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  Mining

  Jun 2013 - Dec 2013

  Senior Accountant – Financial and Management Accounting

  Overview: Assigned to the Kibali Gold Mine Project in DRC. Responsible for the local finance function including financial reporting (monthly, quaterly and yearly financial statements) treasury management, IFRS reporting, local payroll administration and internal/external audits.Reporting to Site based Finance Manager 4 Accounting assistants reporting to him.

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  Koidu Diamond Mine

  Jan 2014 - now

  Overview: Heavily involved in cost saving initiatives Reporting to Site based Chief Financial Officer 6 Accounting assistants reporting to himResponsibilities:Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting, budgeting etc.Responsible for day to day finance and accounts operations.Perform full set of accounts and ensure timely closing of accounts. Review and approve payment vouchers and journal entries. Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analysing margins, variances and cost analysis. Issue project cost reports for review and approval. Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns. Work consultatively with the respective departments on cost reduction initiatives.Weekly review on the work completed of the 6 Finance Assistants and Warehoues Clerks. Annual bugeting for all production departments (mining and metallurgy) and support functions (Supply Chain, Camp, Finance, IT, Security , HR and SHEQ).Liaising with operations department to obtain capital expenditure and operational expenditure accruals and forecasts.Preparation of the year-end financial statements according to accepted IFRS.Preparation and interpretation of the actual monthly management accounts, forecasts, budgets, 5-year plans and variance analysis reports.Preparation of reports, year end external audits as well as tax audits by the revenue authority.Preparation of tax computations and returns.Run month-end procedures and inter-company month-end processes.Significant involvement with tendering of the resettlement project, contract development and management of suppliers and contractors. Weekly review of purchase orders for management’s approval as well as review and approval of weekly accounts payable run (first approver). Show less Overview: Local Finance function including financial reporting (monthly, quarterly and yearly financial statements) treasury management, IFRS reporting, Local payroll administration and internal/external audits. As a result of fall in commodity price on the world market in 2015, the company embarked on a massive cost cutting drive and this resulted in streamlining and consolidating some of the activities of support functions, he was tasked with performing Finance Manager duties for two exploration companies within the group. Responsibilities:Involved in creating a financial model for the first diamond underground mining project in Sierra Leone. Provide accurate and timely monthly management reports which record and display group performance and forecasts. Prepare ad-hoc reports and analysis as requested. Identify and establish analysis tools for cost drivers to drive cost savings.Evaluation of the costs incurred by contractors on Mine Resettlement Program (RAP). Motion studies and calculation of breakeven point for the brick manufacturing plant supplying bricks to the RAP project and advising management on commercially viable minimum monthly production quantities. Meeting with departmental heads to discuss variance analysis.Analysis of mining equipment availabilities versus production targets and discussing any adverse variances. Preparation of detailed month on month earth moving maintenance costs, major replacement items and blasting explosives usage reports. Application of IFRIC 20 - Stripping costs in the development and production phase of a surface mine. Review of all mining costs incurred and performing the deferred stripping calculation - stripping activity asset and inventory. Reviewed annual reports of mining clients for compliance with technical International Financial Reporting Standards Show less

  • Finance Manager

    Jan 2018 - now

  • Chief Accountant

    Jan 2016 - Dec 2017

  • Mine Accountant

    Jan 2014 - Dec 2015
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  KAM Transport (Private) Limited

  Jan 2015 - now

  Business Owner

  The business is split into two segments as follows:Transportation of dry goods to both individuals and companies, locally and across Southern Africa.Main focus is on transportation of import/export container movements from and between port ~ Inland Container Depots (ICD) ~ Container Freight Station (CFS) ~ warehouse ~ direct delivery to factories.Vehicle configurations – Triaxle 40 FT Trailers.Operational Routes – Beira Corridor. All cross-border movements between Beira Port (Mozambique), Zimbabwe, Zambia, Democratic Republic of Congo (DRC) and Tanzania.Transportation of petroleum products to both individuals and companies across Southern Africa.Main focus is on transportation of petrol, diesel and crude oil from the port ~ Inland Bulk Fuel Storage Facility ~ bulk terminals ~ direct delivery to fuel stations and mining companies.Vehicle configurations – 46,000-litre Capacity Fuel Tanker Trailers.Operational Routes – Beira Corridor. All cross-border movements between Beira (Mozambique), Zimbabwe, Zambia, Democratic Republic of Congo (DRC) and Tanzania.We value safety and on-time delivery. Show less