RHLF is a wholesale finance provider to housing microlenders.Summarised job description: Head up finance portfolio, manage cash resources, control debtors, performance and compliance control of clients, budgeting, arranging finance, improving governance through King IV.Achievements:Developed new client type and model for lending to this area. Increased funds available for lending by R100 million or 25%. Improved compliance with King Code on Corporate Governance. Increased quality of client compliance with debt covenants. Managed expenditure well below budget. Achieved higher than budgeted profitability.Obtained backdated income tax exemption.

Achievements:Worked with the UPD Sales Executive to develop a new sales model to improve the sustainability of the Link Pharmacy network. This involved negotiations with pharmaceutical manufacturers, retail ordering software vendors and Link Pharmacies to ensure better margins for the Links while their stock levels could be better controlled.Worked closely with UPD CEO during a time of massive transition to ensure survival of the business through the changes.With the new executive team, drew up a business strategy that will ensure the viability of and in fact continued growth of UPD currently and when the new logistics fees capping regulations come into operation. On schedule implementation of the changes needed in both the finance team and the finance processes.Dramatically improved the market research provided to both the Clicks CEO and UPD Managing Director when they were preparing for negotiations with manufacturers.Improved management and financial reporting in a manner that enabled deeper understanding of issues within UPD, leading to past decisions on dealings with independent pharmacies being reversed. Reviewed UPD’s export policy and pushed to obtain legal advice, leading to a decision by the company not to undertake exports.Bought about an understanding of Botswana tax laws to enable informed decisions on timing of dividends from this subsidiary. Designed and implemented a new standard form agreement for dealings with manufacturers whic lead to improved margins as more agreements are negotiated using this form of agreement. Review of any amendments that manufacturers may make to standard form.Designed processes, specified systems and realigned workload in the Finance Department to achieve a reduction of the overall cost of the department by 25%.Changed the funding mechanisms for the UPD Owner Driver scheme substantially reducing annual costs.Improved governance at Botswana subsidiary to ensure full integration with Clicks and UPD processes.

Summarised job description: Ensuring on time reporting to 10 funders with differing requirements, providing confidence to the funding community that the funds provided were spent in terms of the covenants and were repayable when appropriate, mentoring of local finance people to improve their skills for future use, monitoring and managing the performance of operations against budget and time, reviewing financial strategy and all business processes, implementing financial controls, engaging with government, industry and international stakeholder, raising funding where needed and reporting to the Board and funders regularly, managing risk around contract timing.Achievements:Designed and implemented quality financial and management reporting systems in compliance with the differing needs of 10 international funders and the Lesotho government, some of whom required cash based accounting, others IFRS and some US GAAP. Doing this on time lead to improved relationships with the funders.Ensured enterprise wide understanding of FIDIC form of construction and consulting contracts thus improving the organisation’s ability to manage its Capital Budget.Raised EUR100 million in development funding through quality budgeting. Funding was negotiated to include favourable rates of repayment and interest rates.Implemented Caseware for annual reporting, ensuring good quality IFRS Annual Financial Statements.Ensured I had a thorough knowledge of the relevant aspects of Lesotho law to ensure that the business complied from tax and governance perspectives.

ProjectsEskom procurement: Reduced cost to Eskom in this area by 14% through designing processes that reduced requirements where necessary and costs where feasible.African cellular service provider Telecel: Feasibility study into viability of starting new mobile networks in a number of African countries.Sector Education and Training Authority: Introduced corporate governance to and trained Board of a SETA on corporate governance, trained the Financial Manager as well as the Procurement Officer on best practice behaviours within their areas.Simmer and Jack Mining house: Drafting SENS announcement for mining house during process of listing subsidiary on a foreign bourse, interpreted financial information for public relations releases.In addition was seconded to Eli Lilly and Savannah Fine Chemcials as detailed below.

Summarised job description: sub-contracted to head Finance Department after unexpected departure of previous incumbent, improved reporting on performance, arranging funding as needed, assessment of new business investments, ensured tax and IFRS compliance, reviewing of agreements for CEO, mentoring of staff, monitoring of margins through costing.AchievementsSuccessfully performed due diligence and analysed the benefits of purchasing an existing business enabling a new product direction for the company. This lead to a market share in the area of 30% being bought but 70% being achieved within 12 months.Successfully raised finance for a management buyout at reasonable rates. Arranged highly flexible new finance facilities to facilitate exponential growth that had up to then been limited by the finance facilities. Ensured that the finance and logistics employees were able to function and make appropriate decisions in support of the aims of the business.Implemented Business Intelligence software improving stock controls and sales targeting. Ensured that cash flow models were in place to support the rapid growth the business was experiencing, thus ensuring that the funders were satisfied.Mentored finance and logistics team well enough to take over from me as the budget did not warrant a full time CA.

IEli Lilly SA (Pty) Ltd – Multinational Pharmaceutical Summarised job description: While working with Thought Partners I was asked to work on a long term, full time contract for Eli Lilly, which in the end lasted 16 months and filled their human resources hiatus in the finance executive team. Here I was responsible for ensuring integrity of monthly reports to the US, putting in place FCPA, Sarbanes-Oxley compliancy, ensuring business systems were able to support US GAAP and IFRS reporting standards, design and implementation of IFRS compliant policies and processes, design and implementation of business continuity plan.Achievements:Converted a red internal audit finding over the entire financial system to a green one in 9 months by implementing IFRS, Sarbanes-Oxley and FCPA compliant policies aligned to the group requirements.Trained all levels of staff up to executive level on the need for and requirements of the new systems. Reconciled between US GAAP reporting requirements and South African Annual Financial Statement needs. Prepared annual financial statements for a number of years Section 21 associate providing XDR TB licences to South African generic company. Successfully designed and implemented a Business Continuity Plan covering finance, IT and Compliance

Summarised job description: Responsible for all aspects of Financial Control, headed a finance and procurement team of 70, headed the IT section, charged with for resolving a failed IT implementationAchievementsSuccessfully drove a change from predominantly manual systems at 60 locations to a fully integrated IT system covering operations and finance for 1,500 users. This required that over 1,000 non-computer using lawyers were taught to use a computerised case and expenditure management system, giving management better insight into the organisations operational strengths and weaknesses.Forced reductions in expenditure where employees were using manual processes around the computerised system.Revised and implemented a full supply chain management policy and procedure in line with best practices, leading to improved governance in the organisation as well as better quality procurement.Chaired Risk Management Committee.Improved reporting on case costs, divisional and branch budgetary compliance leading to case costs increasing at below the inflation rate as well as an ability to fund more commercial cases rather than purely criminal defences.Ensured a reduction in unspent budget leading to a better justice dispensation for the poor of South Africa.Used regression analysis to enable the organisations large contingent liability to be valued, obtaining its first clean audit report in its 37 year history.Successfully mentored my deputy to be able to be promoted into the CFO position at the end of my contract.

Summarised job description: Full function financial control, tasked with putting in place corporate governance, GAAP compliant accounting and compliance with the governing statute of the bodyAchievementsImplemented sound corporate governance and strategic planning processes.Design and implement 20 complete IFRS compliant financial policies and controls from a zero base.Reduced the debtors’ days from over 100 to below 60.Improved the payroll function leading to a tax compliant process.Guided first strategic plan of the organisation through to approval by the Board and submission to the Minister of Minerals and Energy.Designed financial and management accounting systems.Specified and sourced a new IT system for the organisation.Recruited a combined CEO / CFO for the organisation. This was necessary as the body’s funding could not afford both posts.

I was hired to prepare consolidated financial statements for a group of companies for 2 consecutive years. There were large changes in the group structure during this time. Part of this task included preparing all schedules for the auditors and liason with the auditors, as well as forensic investigations and costing of oil purchases and sales.In addition I peformed the tasks of financial manager and sat on the investment committee.

Prepared and audited annual financial statements Forensic Auditing. Designed costing systems for manufacturing clients Management accounts Submitted statutory returns (VAT, PAYE, etc) Feasibility studies Raising of finance Corporate recovery Handled sec 311 comprise for client Provided business plans for management buyout from UK holding company Performed accounting services for major international banks South African arm Provide the full range of business services needed for the SMME sector from company formation to accounting services and control systems Due diligence and forensic audits for clients Provided annual audit function Company secretarial work and legal advise to companies

Costing of products to ensure adequacy of pricing, particularly where FOREX was involvedFinalise SAP R3 installation FI, AR, AP modules Collection of debt – main debtors by value SABC and M-Net, but main work involved negotiations with community radio stations Managed creditors department Arranged forex management system Exposure was for equipment such as the eTV network, spares and satellite rental Monthly management accounts Prepared annual financial statements Liaison with auditors for completion of these Worked on financial plan and feasibility for construction of the eTV transmitter network (Owned by Sentech) Involved in structuring the finance for eTV transmitter network rollout Pension fund trustee Overseeing of payroll departments

Full function financial management Foreign exchange – improved profit on foreign exchange from R20 000 per month to over R100 000 per month through improved risk management Foreign creditors – about 20 currencies Local creditors Customs and excise VAT and duties Collection of debt Budgets Monthly accounts Liaison with auditors for year-end

Worked as an articled clerk / audit manager on such audits as United Building Society, Western Areas Gold Mine, Mitchell Cotts and JCI