Mageshnee Naidoo

Experience

• 

  CPG Chartered Accountants (SA)

  Jan 2007 - Mar 2008

  Accounts Clerk

  Process bank statements for different entities using Pastel.Process credit card statements.Post invoices on Pastel accounts and complete VAT returns.Complete EMP 201 forms.Complete statutory returns.Assist in audits for various entities, including selecting samples and testing invoices for completeness.

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  ABB

  May 2008 - Feb 2011

  Assistant Accountant

  Maintain fixed assets and ensure that the fixed asset register balances with the ledger.Analyse monthly financial project costs to identify opportunities for cost-cutting.Manage all regional intercompany accounts, ensuring balance across all regions at month-end.Accurately record, adjust, and reconcile transactions by preparing monthly journals, including Salaries Journals, Accruals Journals, Recurring Journals, and Adjusting Journals.Clear all suspense or clearing accounts on a monthly basis.Submit VAT in a timely manner.Ensure all loan accounts are balanced.Analyze and report on income statement variances, effectively communicating financial results.Prepare management packs, reports, and distribute them to management on a monthly basis.Ensure accurate and timely monthly, quarterly, and year-end close processes.Prepare monthly balance sheet reconciliations and provide advice on any associated risks.Assist the finance controller with budget and forecast preparation.Provide training to accounts payable staff and implement procedures to improve efficiency.Assist the financial controller with interim and year-end audits, addressing audit-related queries.Provide general support to the CFO of the holding company and effectively resolve financial queries. Show less

• 

  The SPAR Group Ltd

  Mar 2011 - now

  Conduct in-depth financial analysis to support strategic decision-making. Analyse key financial data, trends, and variances to identify opportunities for cost optimization, revenue enhancement, and risk mitigation.Develop and implement financial strategies aligned with the organization's goals and objectives, ensuring long-term financial stability and growth.Prepare accurate and timely financial reports for management and stakeholders.Identify financial risks and develop risk mitigation strategies. Implement internal controls and procedures to minimize financial risk and ensure compliance with applicable laws and regulations. Analyze data and assist with trouble shooting with GP’s and shrinkage.Manage the Capex process and ROI.Review and sign off on bank reconciliations done by bookkeepers. Authorized banks signatory. Manage operational bank accounts and cash flow, improving business profitability to meet targets.Manage the administrative function and admin managers at store level.Manage and plan the yearly external audit. Prepare management packs, value chain analysis reports, and distribute them to management monthly.Ensure accurate and timely monthly, quarterly, and year-end close. Review balance sheet reconciliations and advise on any risks. Oversee the budgeting process, including the preparation of annual budgets and forecasts. Monitor financial performance, identifying areas for improvement and implementing corrective measure.Displaying expertise in project planning, coordination, and execution, including budget management, stakeholder engagement, progress monitoring, problem resolution, change management, and quality control. Continuous focus on driving project success and improvement.Collaborate with cross-functional teams, and executives, to provide financial insights, advice, and support. Lead and mentor a team of finance professionals, providing guidance, support, and training, promoting professional growth and development. Show less Maintain fixed assets and ensure that the fixed asset register reconciles with the ledger.Ensure reconciliation of creditors' accounts is conducted monthly by the accounts payable staff.Submit VAT and PAYE.Ensure all loan accounts reconcile and balance.Manage all regional intercompany accounts, ensuring balanced accounts at month-end.Accurately record, adjust, and reconcile transactions by preparing monthly journals such as Salaries Journals, Accruals Journals, Recurring Journals, and Adjusting Journals.Prepare balance sheet reconciliations.Prepare management packs, reports, and distribute them to management on a monthly basis. Show less

  • Finance Manager

    Sept 2015 - now

  • Accountant

    Mar 2011 - Aug 2015