Bacc, FCCA, FZICA, AZIBF, Msc Auditing (Finalist)

BAcc, FCCA, FZICA, AZIBF, MSc Auditing (Finalist)

0977311000, 0955 311000, or email;

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Express of interest to join your company

Re; Application for post of Director Finance or Audit and Risk

Dear Sir/Madam,

I am applying for the post of Director Finance, Audit and or Risk .

I have the requisite knowledge, skills, experience and attitudes to direct, guide, undertake and monitor systematic management of the banks Finance department ‘by ensuring existence and compliance with policies and procedures that meet regulations and financial reporting standards.

I draw my Finance and business knowledge from being a Master’s of Science in Auditing and Information systems (UNILUS) finalist student ,being holder of Bachelor’s degree in Accountancy, Fellow of ACCA, Fellow of ZICA, Associate member of ZIBFS , holder of a certificate parts 1 & 2 Stock broker’s course sponsored by LuSE and a member of the IIA.

I have experience in heading a Finance, audit and risk department in the Water and sewerage company, a non-banking financial services (Insurance industry) working with Management, the CEO and the Finance Committee to set and review Strategic plans, annual plans, staff work schedules, assignment planning, supervision of field work, discussion with management after field work, reporting to the committee on significant risks to aims of the Company, corrective action taken.

Operating at the level of Finance Manager and Director, I worked with colleagues to formulate capital expenditure and operating budgets, proceeded to mobilizing funds, accounting for investment and rental income, updating and reconciling computerized systems, verifying payments, scheduling cash flows and making reports periodically relating to property investments and its income generation.

I also ensured efficient operation, reliable reporting and compliance to laws and regulations.

I have hands on experience in audit planning, risk assessment, control evaluation, audit test plan design, execution of audit test plan, reviewing of audit work, report writing and reporting to the Audit committee.

I have over the years acquired skills in financial reporting, Sunsystems, risk management, Project management, People management, Problem identification, data collection and analysis, risk analysis, control evaluation, report writing and presentations to Finance or Audit committee

Thank for considering this application.

Daniel P. Kalwiji

Curriculum Vitae

Daniel Paul Kalwiji

Personal details

Name: Daniel Paul KalwijiMarital status: married

No. of Children: 3 males aged 21, 18 and 4Sex: Male

Contacts;

0977311000, 0955 311000, or email;

Education

Primary School:Temweni Primary School NdolaGrade 7

Secondary school:Kansenshi Secondary School NdolaGrade 12

University:Copperbelt UniversityBachelor’s Degree in Accountancy

Post graduate:University of LusakaFinalist Masters of Science Degree InAuditing

Professional:

Finance & auditACCAChattered Accountant

Internal auditThe IIA currentCertified Internal auditor-Student

Financial advisorZIBC/LUSeStock Brokers1 & 2

Banking & financeZambia Institute of Bankers Diploma in Banking

Key Seminars and short courses

Year SubjectProvider

2003Pensions Trustee trainingQED (Actuaries of RSA)

1997Spectra Oil sales CourseTack International of RSA

2006Incident Response ManagementNational Insurance of India

2005-11Good Corporate Governance Institute of Directors

2009Strategic business Risk ManagementBY ZICA

2008IFRS, Ethics, Corporate governanceAMC of RSA

2005 Job description & Performance Appraisal Royal Secretarial &Management Studies

2003 Performance AppraisalZambia Institute of Human Resources

2006Dynamics of Personal Goal SettingDynamics Concepts

Membership of Professional Bodies

InstituteLevel

Institute of DirectorsMember

Institute of Internal AuditorsMember-Student

ACCAFellow

ZICAFellow

Zambia Institute of Banking and financial servicesAssociate

Employment history

YearEmployerPosition or services provided

2009-to dateZSIC LTD Group Director Audit and Risk

2005-2008Zambia State InsuranceChief Internal Auditor

2002-2005ZSIC LTD Finance Manager

2002-2002KPMGExternal Auditing

2001-2002KJK and AssociatesExternal Auditing

2000-2001Nkana Water and Sewerage Director Finance and Commercial Services

1999-2000MTN Special EngagementsAuditing & Consultancy

1998-1999Spectra Oil CorporationManagement Accountant

1996-1998ZSICAudit Manager

1996-1998ZSICFinancial Accountant

1992-1994 Zambia Railways LTD Senior Accountant- Systems Development

1989-1992Zambia Railways LTD Management trainee

Summary of Key competences, experience and skills

Director of Finance and Commercial Services

1. Participated in the takeover of a Water Utility as a Pioneer Director of Finance and this was an opportunity to start up all processes, policies and systems.
2. Created and ensured sound system of controls and procedures are in place
3. Supervision of the functions of Treasury, Accounting, Costing and Hedging to maximize the profitability of the Company, the adequate use of cash and control the exposure to currency and commodities fluctuation
4. Co-ordinate and consolidate preparation of the annual company budgets and corporate plans for submission to local management and to the head office & the Board of Directors for consideration and approval
5. Supervise subordinates on the preparation of Management, Financial and Costing reports in conformity with statutory and standard practices and submit the same to management for appraisal and action
6. Analyze financial data/information and prepare management reports for local management, head office, and the Board of Directors to keep them informed of the company’s performance against the budget.
7. Supervise and co-ordinate the preparation of monthly financial reports to the head office for consolidation in accordance with Company deadlines
8. Analyze and recommend to management capital expenditure project proposals so that only justifiable projects are undertaken
9. Maintain a budgetary control system and report on variances in order that corrective action is taken
10. Ensure compliance with statutory authorities and audit requirements
11. Evaluate and appraise subordinates for equitable rewards and determine training needs of accounting staff and report to management
12. Liaising with bankers, auditors insurance brokers and tax authorities to create, structure, maintain and resolve obligations
13. Prepared Forecast Operating Budgets and Financial Statements this included

Some Key outcomes were

1. Set strategic and operational financial and non-financial goals and strategies.
2. Understanding the production, financial systems, marketing, customer expectations and input resources such as capital, raw materials and human resources
3. Establishing operating locations, directorates, departments and sections in the organization resulting in the creation of an organization structure.
4. Determining skill requirements to achieve company goals, grading manpower, setting salary scales and creating salary structures.
5. Creating and costing conditions of service for staff.
6. Estimating other resources required to achieve planned production and sales levels.
7. Setting up job-descriptions for finance, internal audit, procurement and commercial service directorates.
8. Developing daily, weekly, monthly and quarterly work plans.
9. Determining capital items required to undertake operations and making a departmental and company capital Budget.
10. Did an Accounting systems analysis and system implementation
11. Procured Bank finance to finance operations.
12. Identify sources of working capital in the absence of sufficient Working capital from Shareholders mainly by improving Debt Collection, Billing cycle, Customer database etc.
13. Preparation of Quarterly Management Accounts
14. Preparation of Quarterly Financial Statements
15. Preparation of Board Papers and presentation to the Board
16. Designed the First Organization structure for the Finance dept.
17. Discovered Payroll Fraud
18. Managing corporate finances
19. Managing the procurement function
20. Pricing Products, Competitor Analysis, and Sales analysis.
21. SWOT analysis

1. Analysis of segmental sales and profit by product and or area type and formulation of appropriate policies and action plans

Finance Manager

1. Provide effective strategic, financial and human resources planning and information

1. Provide controllership functions in order to ensure finances are managed in accordance with legislation, policies and procedures and international financial reporting standards

1. Plan develop introduce and manage financial systems to support the operations of the company in a most efficient and effective manner

1. Strengthen the implementation of existing financial management systems

1. Ensures timely preparation of the company’s annual revenue, expenditure and capital budgets in line with laid down guidelines.

1. Ensures maintenance of accurate and up to date records of income and expenditure to facilitate preparation of management reports and annual reports for the board of Directors

1. To ensure that the company’s financial policy and system is general including internal control system are fully applied

1. Ensures provision of efficient cash flow management through accurate recording of receipts and payments

1. Mobilizing finances for investment and accounting for investment income including capital appreciation.

1. Ensures timely preparation of management accounts to facilitate effective monitoring of the company’s financial performance by management and the board of Directors

1. Controls company expenditure within approved budget and cash flow constraints

1. Ensures timely submission to management and the board of directors of the year-end financial statements to aid annual planning activities

1. Maintain contact with bankers, investment managers, pension advisors and auditors

1. Plan an manage the company’s tax liabilities, evaluate the tax impact

1. Provide to the company efficient purchasing services to ensure timely procurement of operational requirements for uninterrupted company operations

1. Provides to the company efficient office administration services to ensure availability at all times of office requisites conducive to smooth operations.

1. Ensures that the department is manned by highly motivated and adequately trained, developed and experienced staff so that the department objectives are achieved through them

1. Prepares periodical and adhoc performance reports.

1. accountability for goods, cash, property and goods in transit

Financial Accountant

1. Ensures, monitor and coordinate all financial /non-financial activities in the section

1. Liaises with Information technology on data management and ensures there is user access control and adequate back up facilities.

1. Maintains accurate and up to date records of income and expenditure

1. Ensures timely reconciliation of all banks and other accounts.

1. Produces weekly, fortnightly and monthly cash flow statements to reflect liquidity position of the company

1. Ensures that all bank balances of all bank accounts are collected by the due date

1. Ensures that all payment vouchers have relevant supporting documents and are duly authorized

1. Ensures that all expenditure is within approved budget and that funds are readily available to meet the commitment

1. Ensure s timely and accurate maintenance of debtors records

1. Ensures monthly reconciliation of debtors

1. Ensures that all debtors are provided with monthly client statement showing the age of the debt.

1. Ensures collection of debts and follows up overdue accounts

1. Ensures that statutory payments are made.
2. Liaises on a regular basis with Treasury and Investment on free and surplus funds for investment

1. Provides training and development to his subordinates to ensure high level of performance and achievement of set targets.

1. Assists in the supervision of branch/district office accounting activities

1. Ensures that all accounting activities comply with accounting standards and all applicable legal provisions

1. Provides external auditors with all their requirements during the course of their audit of financial records to facilitate timely completion of audit

1. Attends to all internal and external correspondence and ensures there is continuous and effective departmental communication.

Management accountant

1. Applies budget guidelines given by the Director Finance and thereafter collects and complies inputs into a consolidated format for the Director-Finance and Administration.

1. Monitors company expenditure against budget once implemented and prepares monthly variance reports to enable management take corrective action where necessary.

1. Prepares Management Accounts on a monthly, quarterly and annual basis to compare performance against budget and previous years for submission to Management and the Board.

1. Extracts monthly reports from the computer based accounting system to monitor the performance of each department.

1. Receives budget proposals from respective departments

1. Consolidates budget proposals submitted by individual departments

1. Distributes approved copies to the respective departments.

1. Co-ordinates the preparation of year end auditing process

1. Liaises with external auditors on the year end auditing process.

1. Prepares annual financial statements.

1. Supervises the timely preparation of the payroll in liaison with Human Resources.

1. Ensures that statutory payments and other financial obligations are paid on their due date.

1. Ensures the accountable documents are kept secure by all accounts personnel at Branch Offices for future reference.

1. Assists the Finance Director in ensuring that staff in the department are trained and developed to undertake their duties to acceptable performance standards

1. Prepares both internal and external correspondence

1. Ensures that all reports relating to the general ledger are printed on a regular basis

1. co-ordinate with relevant departments to collect accounting information

1. Maintenance of the fixed asset register

1. Ensures timely, submission of management of the year-end financial statements to and annual planning activities

1. Monitors the cash flow of the company from received daily reports and advises to whom and when to pay in order to maximize utilization of financial resources

Senior Management experience

1. Formulation, implementation and review of corporate and divisional policies, procedures and systems
2. Planning and controlling Commercial division activities including analysis performance of sales, customer service and debt Collection strategies.
3. Ensuring compliance to laws and regulations
4. Performance reviews- financial performance and operational performance analysis
5. Investment appraisal-planning, acquisition, operating and disposal of Property, money market and capital market investments.
6. Staff management including recruitment, motivation, coaching, mentoring, training and performance appraisal
7. Cost control program formulation and implementation
8. Corporate restructuring
9. New company formation
10. Investment performance planning and review
11. Planning controlling and directing Internal Auditing activities
12. Planning and execution of financial activities.
13. Developing policies such as Human resources, public relations, Risk Management policy
14. Preparation reports to the Board and attendance at Board meetings
15. Servicing the Audit Committee of the Board

In addition to the above, I have obtained hands on experience in all the areas that are required to meet the purpose of the role such as;

1)Formulating both corporate and divisional strategies, policies, plans, budgets, planning assignments, implementing programs, reviewing actual performance so as to ensure corporate goals are achieved.

2)Preparation of quarterly and annual planned activity for the department and divisional and subsequent review of actual performance.

3)Formulating, implementing and review of Performance Management and development in additional to staff planning, staff recruitment, appraisal, development.

4)Designing and reviewing accounting and Internal Audit systems, including preparation and review of user’s manuals.

5)Justification, selection, testing, implementation and upgrading of software.

6)Data entry, journal verification, posting and reconciliation of business transactions such as revenue, banking’s, expenditure, capital acquisitions, debtors/accounts receivable and suppliers accounts.

7)Preparation and review and audit of bank, revenue and inter divisional reconciliations.

8)Preparation, review, audit and presentation of both management and statutory financial statements that comply with international standards to Management and the Board.

9)Developing IT Strategy

2005- 2016 ZSIC LTD Director –Audit and Risk

1. Internal Audit

1. Directs audit staff in the planning, organizing, directing and monitoring of Internal Audit operations, including assisting in hiring, training and evaluating staff; and taking corrective actions to address performance problems.
2. Directs the identification and evaluation of the organization’s risk areas and oversees the development of the annual Audit Plan.
3. Directs the overall performance of audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting client processes and procedures.
4. Directs the audit staff in conducting interviews, reviewing documents, developing and administering surveys, composing summary memos, and preparing working papers.
5. Directs the audit staff in the identification, development and documentation of audit issues and recommendations.
6. Communicates the results of audit and consulting projects via written reports and oral presentations to management and the Board of Directors.
7. Builds professional relationships through individual contacts and group meetings.
8. Pursues professional development opportunities, including internal and external training and professional association memberships, and shares information gained with co-workers.
9. Represents Internal Audit at management and Board meetings and with external organizations.
10. Performs related work as assigned by the Audit Committee of the Board of Directors.
11. Develops and maintains productive client, staff, management, and Board relations

2. Risk Management

2Marketed Risk Management to Management and the Audit Committee leading to drafting the risk management policy

3 Spearheaded the implementation of ERM

4Advocated for establishment of Risk Manager Position

5Facilitated staff workshops on risk management

6Develop the work plans for the risk, and quality assurance sections to ensure the implementation of the section strategies meet the set timelines and quality standards;

7 Provide advice and support to the Audit and Risk Committee of the Board on the Short and long term financial and non-financial impact of the implementation of priorities within the agreed framework;

8Monitor the implementation of risk responses.

9Coordinate the provision of technical expertise to user directorates and Departments to enhance risk awareness and proper management;

10Review research findings and interpret data received on emerging risks in order to provide early warnings.

11Communicate and monitor the implementation of the board recommendations on Risk management to ensure quality and timelines are observed in the Implementation;

12In liaison with the HR department, coordinate the training and development of Staff in the directorate to ensure availability of competencies critical for the Delivery of quality service.