Thiren Reddy

Experience

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  NMI Durban South Motors

  Feb 2007 - Jun 2013

  Trainee Accountant

  • Internally promoted, from the creditors clerk to bookkeeper and in September 2012 to the Trainee accountant.• Oversee accounts payable and receivable, payroll, and general ledger entries.• Prepare monthly, quarterly, and annual financial statements and reports for management review.• Manage and reconcile vehicle inventory accounts, including new and used vehicles.• Reconcile bank statements and ensure accuracy of financial records.• Handle financial transactions related to vehicle sales, service, and parts departments.• Conduct internal audits and ensure compliance with financial regulations and dealership policies. Show less

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  Puma Energy

  Jul 2013 - Jul 2015

  Inventory Accountant

  • Managing and reconciling fuel inventory across various depots, and service stations. Ensuring accurate financial reporting and compliance with industry regulations.• Prepare and analyze financial statements related to inventory, ensuring accuracy and compliance with accounting standards.• Conduct regular audits of inventory records and ensure compliance with regulatory requirements and company policies.• Perform inventory costing analysis and work with yield accounting to reconcile movements and calculate yields.• Address and resolve discrepancies in inventory records promptly and accurately.• Identify and implement process improvements to enhance inventory management and reporting efficiency.• Work closely with other departments, such as operations and logistics, to ensure seamless inventory management. Show less

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  RCL FOODS

  Aug 2015 - Apr 2018

  Accountant -Trade Recon

  • Performed a shared service financial role between the consumer and Logistics division my responsibility was to accurately, effectively and efficiently manage the organizations trade accounts and stocks based on 3 pricing models, traditional distribution margin, distribution fee and other models via consignment or purchase arrangement principal contracts.• Investigating and resolving for reconciling risk items by ensuring all recoveries are deducted from the principles and by driving resolution with principles and accounts managers.• Raise provisions and manage the invoicing process for inventory damages, recoveries, pricing promotions and pricing revaluations.• Prepare and analyse margin analysis per trade account, by SKU and Region.• Management of the backward integration SAP module between consignment principles and logistics financial system, ensuring accurate financial postings for the stock contra accounts, revenue, cost of sale, sales provisions and fees.• Finance team lead for the SAP implementation projects, aligning with the business objections, responsible for the financial recordings with the cross functional project team, preparing take on files, testing and sign off and change management. Show less

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  CMA CGM

  May 2018 - Sept 2019

  Senior Cost Controller

  • Drive cost efficiency for the organisation by identifying cost deviations and implementing cost savings and revenue optimization solutions.• Produce a monthly cost review for the region and lead the cost review meetings in the regional office and agency network• Prepare a regional cost budget and monitor the regional cost saving program against the budget.• Analyse operational costs evolution and their subsequent recoveries by the line in order to minimize the level of expenses or to optimize the revenue.• Evaluated vendor contracts, identifying areas for negotiation or alternative procurement methods to reduce expenses.• Perform internal audits in the agency network and recover any amount resulting from an irregularity within the agencies performance. Ensure the terms and conditions of the agency agreements are performed and executed for the shipping line Show less

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  Barrows

  Oct 2019 - Apr 2021

  Financial Controller

  • Performing financial functions related to the collection, accuracy, recording, analysis and presentation of the company's financial operations and management of the finance team.• Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.• Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.• Planned budgets, authorized expenditures, monitored accounting processes, established service rates and coordinated financial reporting to oversee all fiscal procedures.• Conducted regular variance analyses between actual results and budget projections to identify trends or issues requiring further investigation or action by management staff.• Led organizational cash flow and cash flow forecasting initiatives.• Managed a team of finance professionals, providing guidance, support, and ongoing training to ensure continued growth and development.• Spearheaded the implementation of new accounting software, resulting in increased efficiency and improved financial tracking capabilities.• Inventory management for the full traceability of movement & stock control of clients assets. Show less

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  Nature's Garden

  May 2021 - May 2022

  Sales Accountant

  • Conducted comprehensive financial analyses to identify areas of improvement, contributing to overall business growth.• Created detailed reports on account performance, presenting findings to senior management for informed decision making.• Implemented innovative strategies for tracking sales performance, increasing accountability among team members.• Monitored industry trends and competitor activities to identify potential threats or opportunities for the business.• Negotiated contract terms with clients, securing advantageous agreements that benefited both parties.• Daily integration of the revenue transactions into the financial and management accounting system received from distribution agents reporting files (SA/Namibia/Swaziland and Botswana).• Review and control expenditure for all contracted suppliers, trading terms and distribution agents. Preparation cost of sales (R/kg and % based) calculation to ensure accurate provision is recorded against sales volumes and budgeted expenditure is forecasted as per contractual agreement.• Calculation of sales volumes, gross profit and net profit by estimating the market RSP and promo price, production raw materials costing, overheads, packaging, storage of bulk, transport and cost of sales based on the contracted supplier or average trading term rate.• Preparation of budgets and forecasts for the five year and annual plan to project revenue, sales volumes, standard costs, operational cost of sales and gross profit.• Developed customized accounting solutions for clients, resulting in increased client satisfaction and retention. Show less

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  Digital Planet

  Jun 2022 - Dec 2024

  Senior Financial Accountant

  • Ensure that the accuracy and integrity of the financial records, following established accounting principles and standards.• Analysing financial data, preparing and presenting financial statements to Exco and providing insights and recommendations to support decision making within the organisation.• Overseeing financial operations, monitoring compliance with laws and regulations and contributing to the effective management of financial resources.• Conducted thorough variance analyses between actual results and budget forecasts to identify areas requiring corrective action or strategic adjustment.• Managed fixed asset accounting by maintaining a detailed asset register and ensuring timely depreciation calculations.• Collaborated with cross-functional teams to develop annual budgets, ensuring alignment with company objectives and resources.• Oversee stock control/procurement/sales/after sales with any inventory queries and inventory reconciliations.• Review business control and risk management of inventory for any change in process or break in process.• Provide guidance and lead risk and control decisions for the operations department on any new operational process changes or new projects that involves inventory.• Providing accurate financial records, facilitating the external audit process, ensuring transparency, Internal control evaluation, answering auditors’ queries, correcting errors and ensuring compliance.• Maintained strong relationships with external auditors, facilitating smooth annual audit processes and addressing any concerns promptly. Show less

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  Onafriq

  Feb 2025 - now

  Assistant Manager (Recon and Settlement)

  • Manage a team of reconciliation & settlement analysts and specialists responsible for 150 Partners, providing guidance and direction to ensure the team works cohesively, processes work optimally, and reconciliations are performed accurately and timorously.• Provide coaching and training to staff and promote empowerment and teamwork within the department, as well as individual staff development.• Ensure effective follow ups and escalations, both internal and external, in resolving outstanding reconciliation items, process and system issues, as per agreed SLA.• Month end processes – assigning timelines and managing/assisting the team in finalizing all reconciliations and settlements.• Process any billing adjustments and journals.• Ensuring accounting system postings are in line with reconciliations, settlements and the billing system.• Perform revenue assurance checks and ensure billing system accuracy through to the reconciliations and settlements.• Ensure accurate settlements and the follow-up of any outstanding settlements.• Liaise extensively with a wide set of senior stakeholders, get required support to resolve long outstanding reconciliation open items and get buy –in to implement process / system changes.• Perform root-cause analysis of reconciliation errors and issues with clearly articulated mitigation plans. Show less