Boston Simfukwe

Experience

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  Entrepreneurs Financial Centre (EFC)

  Aug 2011 - Apr 2023

  • Reviewing Internal Controls and ensuring they are Sufficient and Effective to mitigate the intended risks.• Ensure the accurate recording of transactions at the Head Office and other Branches and that the company policy is adhered to.• Evaluating the Entry of loan files “for Completeness and Accuracy” and Evaluate the follow-ups on the granted loans.• Evaluate the management of deposits, overdrawn accounts, etc.• Evaluating and Verify information systems and ensure implementation of designed internal controls.• Verify the modification of non-financial data.• Carry out fraud investigations into accounting procedures, assets, records, and operations. • Verify the Internal and External transfers of funds.• Carry out cash counts (Vaults) and other Values of the cash box including a comprehensive branch audit.• Examine the reliability and accuracy of transactions in the books of accounts and in Management Accounts at branches and head office level- Performing Accounting Audit• Review of company cash surplus investments and the accuracy and completeness of interest and principal in the books of accounts.• Review and re-performing the reconciliation of accounts – Suspense account, receivables account, payables accounts, head office loan to branches, petty cash and bank statement,• Sample a selected transaction to determine processes and procedures are being adhered to• Performing Governance Audits, IT audits including procurement audit to ensure compliance with the Company policy and procedure.• Conducting physical inventory count and reviewing the distribution and accuracy of the inventory usage postings in books of accounts• Preparation of consolidated Quarterly Internal audit report for the board meetings to be reviewed by the Chief Internal Officer.• Performing any other related duties as requested by the Chief Internal Auditor in providing independent, quality and value adding audits and assurance. Show less • Perform financial analyses and recommend strategies concerning the adjustment or recovery of loan in difficulty.• Ensure that proper loan recovery activities are done.• Initiating legal proceedings with client to foreclose the loans.• Follow up with Bailiff the current position of clients and report to Senior Management.• Ensuring global institutional target is met for delinquency.• Handling difficult clients in collecting and managing debt by cross checking with the SAF System and follow them consistently.• Preparing break downs for each difficult client and recommending to management the strategy to recover the loan.• Banking all collections done from the field. Show less • Working closely with the Branch Manager in preparing Portfolio at Risk reports and other reports in the SYDE SAF System core banking system.• Validate the information gathered by Credit officers by visiting the borrower, checking the supporting documents that authenticate the data provided by the borrower.• Determine the credibility and morality of the client and if the application complies with the funding policies.• Analyze the financial statements, personal balance sheets, forecasts, available collateral, and external factors. • Give a recommendation and present the borrower to the Credit Committee for approval.• Acting on behalf of the Branch Manager in his absence to supervise and monitor branch operations and the credit team. Show less

  • Internal Auditor

    Feb 2017 - Apr 2023

  • Debt Collector

    Mar 2015 - Feb 2017

  • Senior Relationship Manager

    Sept 2013 - Feb 2015

  • Relationship Manager

    Aug 2011 - Aug 2013
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  Fair Choice Finance Limited

  May 2023 - now

  Internal Audit Manager

  • Developing and executing the internal audit plan that is aligned with the organization's risk management and governance objectives. The plan should be based on a risk assessment of the organization's operations and should cover all key areas of risk.• Performing internal audits in accordance with the internal audit plan and professional standards. Communicating audit findings and recommendations in a clear, concise, and timely manner to the audit committee and other appropriate levels of management.• Monitoring the implementation of audit recommendations to ensure that they are effective in mitigating identified risks.• Maintaining the independence of the internal audit department from management and other departments. This includes having a clear organizational structure, reporting to the audit committee, and having a code of ethics.• Keeping up to date with professional standards and practices in internal auditing. This includes attending training courses, reading professional journals, and participating in professional organizations.• Providing consulting services on risk management, governance, and internal control to management. This could include helping management to develop and implement risk management policies and procedures, or to assess the effectiveness of existing controls.• Participating in special projects, such as fraud investigations and any other duty assigned. Show less