Gugulethu Majakajaka

Gugulethu majakajaka

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location of Gugulethu MajakajakaKingaroy, Queensland, Australia
Followers of Gugulethu Majakajaka370 followers
  • Timeline

  • About me

    Senior Finance Business Partner at Stanwell Corporation Limited

  • Education

    • Dlangezwa high school

      -
      Commerce
    • Curtin university

      2019 - 2019
      Graduate diploma in professional accounting accounting
    • University of zululand/universiteit van zululand

      2000 - 2001
      Bachelor of commerce (b.com.) accounting, taxation, auditing & costing
  • Experience

    • Eskom

      Nov 2002 - Jul 2018

      Oversaw, managed, and provided a strategic comprehensive management accounting service by ensuring management information and reporting processes are timeous, accurate and relevant for all six entities/power stations supported by the Finance Business Centre.• Provided oversight of a short and medium-term financial planning service through analysis and reviewing the budget, forecasting and financial planning process as well as alignment of these processes to the strategic business plan for entities supported by the Finance Business Centre.• Managed resources and the performance of 3 senior advisors (Capital Project advisor, Senior Management Accountant and Project Accounting Manager).• Tracked revenue, expenses, operating and capital budget for six power stations.• Prepared monthly operation summaries, identified budget risks, cost savings, and communicated results to senior technical managers and finance business partners.• Liaised with all financial partners (Centre of Excellence and other Stakeholders) to ensure correct periodic reporting practices and the consistent application thereof.• Represented finance in the governance committees (Investment, Procurement, Safety and Risk committee).• Liaised with auditors to complete annual audits and maintain compliance with all relevant regulations.• Performed comprehensive assessments to determine viability and profitability of capital projects proposed by engineering. Show less Manage the short and medium term financial planning for the site finance business centre. Participate and influence the business/functional strategic planning process and ensure alignment with corporate and financial strategies.review all capital investment decisions. Monitor & support the investment decision process. Provide specialist input into financial risk matters and fulfill a governance role in accounting, insurance, procurement and financial information management systems. Manage the functional execution of the ff key areas - financial accounting and compliance, management accounting, project accounting. Manage service level agreements with procurement, supply chain, shared services and residential properties/land management. Show less Prepared budgets, cost assessments and provided monthly, quarterly, half yearly and year end reports. Managed annual operating and capital cash flow of over US$297.88 million. Hired six additional accountants to fill vacancies to ensure optimal productivity while adopting training program to educate personnel on best practices and protocols. Oversaw and managed a team of 10 management accountants and 4 financial accounting staff. Led and managed the financial planning process at site. Oversaw full accounting cycle, including compiling and analysing data, posting and adjusting journal and ledger entries, preparing financial statements, reports and closing books. Built strong rapport with internal customers (engineers, operators, maintenance and all technical managers) to better serve their financial needs and promote good relations with the finance department. Represented finance in the governance committees (Investment, Procurement, Safety and Risk Committee) Liaised with external auditors to complete annual audits and maintain compliance with all relevant regulations. Show less Provided on-site project accounting guidance to project managers and engineers as a finance business partner. Compiled and consolidated project information, month end reporting and reconciliations. Supported project managers and engineers with the capital expenditure request process. Ensured project accounting is in accordance with company procedures and financial processes. Maintained the fixed asset register by creating project and asset numbers for new acquisitions, retiring old/sold assets, capitalisation of project costs and project close out on SAP. Assisted project managers and engineers with the capital budgeting and forecasting tool. Supported the implementation of policies and procedures and ensured compliance thereof. Show less

      • Finance Manager

        Jul 2011 - Jul 2018
      • Finance Manager

        Mar 2008 - Jun 2011
      • Senior Management Accountant

        Oct 2005 - Feb 2008
      • Project Accountant

        Nov 2002 - Sept 2005
    • Curtin university

      Jul 2018 - Mar 2021
      Graduate student
    • Stanwell corporation limited

      Mar 2021 - now
      Senior commercial accountant - generation

      Responsible for the month end process and ensuring effective compliance and timely completion of the month end accounting process on site.• Preparing monthly, quarterly, and annual financial reports highlighting key performance indicators (KPI’s) and variance analysis.• Reconcile financial discrepancies and resolve issues as they arise, completion of balance sheet reconciliations.• Monitoring and analysing costs to identify areas for improvement and efficiency.• Running cost review meetings with the senior leadership team on site.• Collaborating with department heads to develop and manage budgets.• Preparation of financial forecasts to guide organisational planning.• Providing insights into cost drivers and recommending cost saving measures.• Working closely with various departments to gather financial information and insights.• Collaborating with the broader finance team to achieve organisational goals. Show less

  • Licenses & Certifications

  • Honors & Awards

    • Awarded to Gugulethu Majakajaka
      Customer Satisfaction Award Finance Business Partner Generation, Eskom Holdings SOC Ltd Sep 2015 Recognised for having provided excellent customer service to senior technical managers at three different business units in the same financial year, by executing responsibilities of three different senior positions. Recognised for having added immense value to the business during the time in which the site was experiencing many financing challenges. The turnaround time in responding to customer requirements was fast and tasks were actioned immediately, with constant feedback being provided.
    • Awarded to Gugulethu Majakajaka
      Exceptional Performance Award Finance Business Partner, Eskom Holdings SOC ltd Sep 2015
    • Awarded to Gugulethu Majakajaka
      Manager of the Year award Finance Business Partner Generation, Eskom. Holdings SOC ltd Sep 2015 Successfully/competently managed the finance staff of two power stations for six months, reviewed and reported on their year-end financial statements and assisted with the preparation of the year-end financial audit resulting in zero audit findings/adjustments, while still performing the duties in my appointed role as Middle Manager
    • Awarded to Gugulethu Majakajaka
      Visionary Leadership Award Finance Business Partner Generation, Eskom Holdings SOC lt Sep 2014 Developed a separate reporting format for the Generation Division to track the high costs of fuel oil, highlighting trends and causes. Monitored plant performance and the technical challenges that influence the high usage of fuel oil. This resulted in technical managers proactively tackling and implementing projects that had an impact on fuel oil usage and also recording in more detail the causes for fuel oil use.
    • Awarded to Gugulethu Majakajaka
      Manager of the Year - Runner-Up Grootvlei Power Station, Eskom Holdings SOC ltd Aug 2013
    • Awarded to Gugulethu Majakajaka
      Vision Award Hendrina Power Station, Eskom Holdings SOC ltd Aug 2007 Recruited, appointed and trained 7 accountants. Improved the overall performance (month end, quarterly and year end reporting, forecasting accuracy) of the finance department. Improved relations and inspired confidence and trust in the finance department by internal stakeholders (engineering, maintenance and operating) which led to the department being recognised as the most improved finance department within the Generation Division. The finance department went on to win the Excellence award… Show more Recruited, appointed and trained 7 accountants. Improved the overall performance (month end, quarterly and year end reporting, forecasting accuracy) of the finance department. Improved relations and inspired confidence and trust in the finance department by internal stakeholders (engineering, maintenance and operating) which led to the department being recognised as the most improved finance department within the Generation Division. The finance department went on to win the Excellence award for achieving a 100% on the Cash Flow KPI (Key Performance Indicator) for the Financial Year. Show less