Victor Simba (BCOM, CPA-K, CPA-R)

Experience

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  Alexander Forbes

  May 2013 - Dec 2013

  Accountant

  Tasked with posting supplier & vendor invoices and initiating payments.

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  EY

  Jan 2014 - Aug 2021

  Managed up to 5 teams/assignments and making sure they are running simultaneously.Planned and executed audit fieldwork and statutory reporting across a portfolio of clients.Managed projects of all aspects of audit, including agreeing audit timelines, team briefings and delivery of audit work.Budgeted and monitored the financial performance of projects, focusing on optimising profitability.Identified, researched, and helped to resolve complex audit issues.Build relationships with the client staff and acted as an ambassador for the firm.Reported to audit managers and partners on all salient points arising from audits.Supervised and coached junior members of staff to help them realise their full potential.Provided coaching, mentoring and development of staff. Show less Planned to exceed clients’ expectations, identified key business and other risks that affected the engagements, including determination of the approach to adopt, as well as staffing support and scheduling of the various assignments.Assessed the controls in place, determining key risks, the nature and extent of audit tests/process to be performed, setting the key milestones as well as drafting and monitoring the assignment budget.Prepared and reviewed financial statements in accordance with International Financial Reporting Standards (IFRS) and Generally Acceptable Accounting Principles (GAAP).Organized and conducted interviews with appropriate client staff to obtain information, summarized results and identified issues/areas of additional review and follow ups.Carried out internal controls as well controlling over financial transactions, operational reviews with the aim of assisting management to clearly identify the organizational objectives and to adjust improvements.Verified documentation and compliance with all the relevant legislation and regulatory requirements.Ensured audit tests were performed based on Standard audit programmes in accordance with the approved annual audit plan.Assessed the adequacy of controls instituted to address risks in various accounting operations including billing, A/R, A/P, GL, Cost Accounting, Annual forecasting, Inventory Accounting and Revenue Recognition. Show less Prepared audit engagements by developing an understanding of the EY audit approach based on the documented procedures and best practices, methodology, tools and client business.Performed analytical review of audit documents and coordinated the preparation of regulatory reporting.Ensured compliance with accounting standards (IAS, IFRS and GAAP) and statutory regulations.Reviewed client accounting and operated procedures and systems of internal control.Provided recommendations for improved controls and enhanced business efficiency.Demonstrated ability to coordinate, develop, implement and manage engagements and people along with ensuring deliverables meet workplan specifications and deadlines.Performed various sections of the audit as allocated by the audit senior.Ensured accounting processes, process improvements, accounting practises and workflows were fit for operational purposes to maximize the use of digital platforms and compliance with organizational approved delegation of authority.Assisted the audit senior in finalization of the audit file as well as preparation of financial statements. Show less

  • Assistant Manager- Audit & Assurance

    Oct 2019 - Aug 2021

  • Audit Senior

    Oct 2016 - Sept 2019

  • Audit Associate

    Jan 2014 - Sept 2016
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  Deloitte

  Sept 2021 - Feb 2023

  Audit & Assurance Manager- Audit Corporate

  Collaborating with clients to understand their business processes, risks, and financial reporting requirements. Developing a comprehensive audit plan that outlines the scope, objectives, and resources required for the audit engagement. Supervising and leading audit teams, which may include audit seniors, associates, and interns. Assigning tasks, setting expectations, and providing guidance to ensure the audit progresses effectively.Identifying and evaluating financial and operational risks that could impact the accuracy of financial statements. Developing strategies to mitigate these risks through proper audit procedures.Overseeing the execution of audit procedures, including testing internal controls, substantiating account balances, and verifying the accuracy of financial statements. Reviewing workpapers and documentation prepared by audit team members.Interacting with client management to discuss audit progress, findings, and recommendations. Clearly communicating audit results, issues, and potential improvements to both client management and the audit engagement partner.Ensuring that audit procedures are conducted in accordance with relevant accounting and auditing standards, regulatory requirements, and the firm's internal policies. Reviewing audit documentation for accuracy and completeness.Staying updated with changes in accounting and auditing standards, regulations, and industry practices. Applying this knowledge to effectively assess the client's financial statements and related disclosures.Building and maintaining positive relationships with clients. Addressing client concerns and inquiries while managing client expectations regarding audit timelines and deliverables.Monitoring the progress of multiple audit engagements simultaneously. Tracking budgets, timelines, and resource allocation to ensure timely completion of audits. Show less

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  KPMG in Jamaica

  Mar 2023 - Dec 2023

  Audit Manager

  -Collaborating with clients to understand their business processes, risks, and financial reporting requirements. Developing a comprehensive audit plan that outlines the scope, objectives, and resources required for the audit engagement.-Supervising and leading audit teams, which may include audit seniors, associates, and interns. Assigning tasks, setting expectations, and providing guidance to ensure the audit progresses effectively.-Identifying and evaluating financial and operational risks that could impact the accuracy of financial statements. Developing strategies to mitigate these risks through proper audit procedures.-Overseeing the execution of audit procedures, including testing internal controls, substantiating account balances, and verifying the accuracy of financial statements. Reviewing workpapers and documentation prepared by audit team members.-Interacting with client management to discuss audit progress, findings, and recommendations. Clearly communicating audit results, issues, and potential improvements to both client management and the audit engagement partner.-Ensuring that audit procedures are conducted in accordance with relevant accounting and auditing standards, regulatory requirements, and the firm's internal policies. Reviewing audit documentation for accuracy and completeness.-Staying updated with changes in accounting and auditing standards, regulations, and industry practices. Applying this knowledge to effectively assess the client's financial statements and related disclosures.-Identifying and addressing any significant audit issues, unusual transactions, or potential accounting irregularities. Discussing these matters with the audit engagement partner and proposing appropriate actions.-Building and maintaining positive relationships with clients. Addressing client concerns and inquiries while managing client expectations regarding audit timelines and deliverables. Show less

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  EY

  Jan 2024 - Jan 2025

  Audit Manager

  Audit Manager:1)Engagement Leadership: Lead and manage audit engagements, overseeing the planning, execution, and completion of audits for clients across various industries.2) Client Relationship Management: Build and maintain strong client relationships, understanding their business processes, risks, and industry dynamics.3) Team Supervision: Supervise audit teams, providing guidance and support to ensure the effective and efficient delivery of audit services.4) Risk Assessment: Conduct risk assessments and develop appropriate audit plans to address identified risks, ensuring compliance with auditing standards and regulatory requirements.5) Technical Expertise: Stay current with industry trends, accounting standards, and regulations, applying technical expertise to address complex audit issues.Quality Manager:1) Quality Assurance: Develop and implement quality control processes to ensure compliance with EY's audit methodologies, policies, and professional standards.2) Training and Development: Facilitate training programs and provide guidance to audit teams on quality control procedures, promoting continuous improvement and adherence to best practices.3) Risk Management: Identify and assess potential risks related to audit engagements and develop strategies to mitigate these risks, ensuring the overall quality and integrity of the audit process.4) Monitoring and Reporting: Monitor key performance indicators and metrics related to audit quality, preparing reports for leadership and making recommendations for improvement.5) Continuous Improvement: Drive initiatives to enhance audit quality, collaborating with stakeholders to implement changes in processes, tools, and methodologies. Show less

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  VICTOR CPA & ASSOCIATES

  Jan 2025 - now

  Managing Partner