Rishaad Gany

Experience

• 

  Grant Thornton LLP

  Jan 2001 - Jan 2005

  Auditor

  • Performance of audits• Preparation of Annual Financial Statements including Consolidations of large groups of companies• Preparation of Income Tax Returns• Liaison with clients• Training of audit staff• Tax queries and tax audits• Report writing• Supervising of audits

• 

  EY

  Jan 2005 - Apr 2005

  Auditor

  • Performance of audit work• Liaison with clients• Report writing

• 

  Grindrod Limited (Shipping & Freight)

  Jun 2005 - Sept 2005

  Tax planning and transfer pricing consultant
• 

  EY

  Jan 2006 - Jul 2007

  Client Service Executive

  • Plan audits• Manage performance of audits• Supervise the audit teams at clients• Liaise with clients• Report to partner in Charge• Discuss issues with other parts of audit (IT, Technical, Tax)• Arrange meetings with clients overseas via teleconference• Report writing• Review of Annual Financial Statements • Conclude on audit• Clients worked on: Transnet, Telkom• Clients supervised: Transunion ITC• Clients managed: Bloomberg, Intuit Real Estate, Symbol Technologies, Air Liquide, Business Unity South Africa) Show less

• 

  Samancor Ltd

  Jul 2007 - Feb 2008

  Assistant Financial Manager

  • Preparation of consolidation for Group reporting• Obtaining Management packs from all the mines.• Reviewing packs and obtaining explanations for variances, extra-ordinary items and conclude on reasonability of accuracy of pack for reporting purposes• Consolidate and pass pro-forma journal entries• Dealing with auditors• Draft summary of performance for group consolidated results• Request explanations for variances of results month to month and extraordinary items for monthly results at divisional mines from accounting and financial staff Show less

• 

  Sealake Investments (Pty) Ltd

  Mar 2008 - Feb 2016

  Financial Manager

  • Prepare entire monthly management accounts on a divisional basis which are Edible Oil, Soap, Candles, Margarine and Logistics (Profit/loss, costing, analyses, cost allocation)• Report of monthly results to CEO• Assist C.E.O. in developing new business strategies, review of actual to budget • Analyses of profit for each division• Cost analyses for each division• Review and authorisation of all journals• Manage 6 staff to ensure deadlines are met (Senior Accountant, Junior Accountant, 2 Creditors Clerks, 2 GRV Clerks). Debtors department is separate, but they report directly into me). • Implement and improve relevant accounting, financial and internal controls• Costing of major stock items (imported goods and finished goods) on stock valuation sheet (Edible oil including Olive Oil, Soap, Candles and margarine)• Review stock valuation sheets for quantity and cost• Reconciliation of all major stock items (opening stock, sales, returns, purchases and closing stock)• Calculation of foreign exchange profit or loss, foreign exchange contract, split between realised and unrealised forex)• Preparation of key reports for C.E.O. (Selling vs Cost price, Cost of products, expense analyses {S&W, Finance costs, Forex profit and loss, coal, logistic expenses, IVS charges, Consumables etc}, MTM comparison report, refining costs, divisional reports and analyses and others)• Analyses of variances within reports (monthly and yearly) and provide reasons for variances to C.E.O.• Notify C.E.O. of major problems, lack of compliance, business results, statutory requirements, tax audits and requirements, and other issues regarding audits, budgets and banking requirements and regulations.• Overseeing I.T. function (Software and hardware maintenance, off-site and on-site back-ups, networking, e-mail etc, in alliance with business requirements)• Review monthly creditor reconciliations• Prepare yearly budgets • Preparing cash flow forecasts• Consolidations Show less

• 

  Willowton oil

  Apr 2016 - Aug 2019

  Finance Specialist

  Rishaad had a vast and flexible role within The Willowton Group wherein he participated in various levels of the financial ecosystem of the company and greatly improved the financial and operational capabilities within the Group.Rishaad spearheaded and drove the implementation of a new BEE plan and training for all subsidiaries within The Willowton Group. This involved an intensive period of stakeholder management and training development, led by Rishaad, ensued which eventually lead to the award of BEE Level 1 for the Group and subsidiaries. This greatly enhanced the Group's standing and attract new customers.Some of Rishaad's other important projects include leading an initiative that required him to engage with ITAC which involved a large amount of data across the Group and consolidate this information as part of the process.Rishaad identified and was passionate about the need for the Group to implement a new ERP system. Thereafter, he was a crucial member of the Transformation Committee whose aim was to assist in The Willowton Group in their evolution. Show less

• 

  Allsome Brands J/V between Willowton Oil & Louis Dreyfus

  Oct 2019 - May 2021

  General/Financial Manager

  Appointed as General and Financial Manager in October 2019 at Allsome Brands, a joint venture between The Willowton Group and Louis Dreyfus. Through Rishaad's stewardship, working as both General and Financial Manager and with the support of Shareholders and staff, the company was successfully directed through many operational challenges, including the Covid pandemic, to become an even more profitable and stronger company. This was accomplished through the implementation of better communication between procurement, treasury and sales, a more robust inventory management system, margin analyses, a personable and empathetic approach to mentoring staff and an insightful and accurate Cash Flow forecasting method.A few of Rishaad's primary responsibilities included but were not limited to: ● Working Capital Management for Accounts receivable, foreign and local creditors as well as inventory, ● Maintaining and managing relationships with foreign customers in Namibia and Zambia.● Inventory Management.● Creation of accurate Cash flow forecasts.● Collaborating with key stakeholders to create strategies that work to minimize financial risk.● The creation of various analytical reports about the sustainability of the company which was sent to key Shareholders and Directors in order to assist high level decision making. Show less

• 

  The Kamdar Group

  Sept 2021 - Jul 2023

  Head of Finance

  My vision is to take the company into the 4th Industrial Revolution by implementing and integrating all financial and operational financial and operational activities of the Group. Leading and directing the Group restructuring (Merging all entities into one entity) to make it more efficient, attain greater sustainability and create a strong base for growth. Investment in digital technology will be vital in managing complexity and driving productivity. In managing, analyzing, and presenting data in a way that yields the greatest value for the business, assisting it to make more effective and timeous decisions. Coaching, mentoring, and leadership development is a big priority through all levels of finance and operational activities. Show less

• 

  Excellerate JHI

  Dec 2023 - now

  Senior Finance Manager