Candidate Profile

SIBETI MSARIRI, CMA

Address: Plot 19, Ntinda View Crescent, Naguru, Kampala
Email: sibetim@gmail.com | Skype: sibeti1 |Tel: +256 789 625 988 | +256 775 067 494

Certified Management Accountant with a prolific career record in strategic financial management, setting up business systems, business performance measurement, strategic planning and revenue management.

Over 10 years strong experience in financial & management reporting, financial planning & analysis financial modelling, budgeting and forecasting, cash flow planning, dashboard reporting, tax and audit processes

 

PROFESSIONAL EXPERIENCE

 

Finance Director | January 2018 to Date                                           Spark Microgrants | Kampala, Uganda

 

A strategic partner in finance, spearheading the development of finance strategy for Spark operations across 3 countries, as well as providing executive level finance direction, strategy and counsel to senior leadership

 

Achievements

• Developed finance, procurement and operational systems, policies and processes and trained staff in implementing and managing a multi-million grant award from the World Bank.
• Implemented project cost charging controls and time and effort tracking to correctly attribute and allocate costs to projects and functions
• Re-organized finance and operations departments, streamlining and automating processes increasing efficiency and producing on time management reports and financial analysis for decision making.
• Developed financial models and multiple growth scenarios for scaling program activities and trainings

 

Chief Finance Officer | March 2014 to August 2017                             Manna Resorts | Harare, Zimbabwe

 

Finance business partnering with sales, marketing and operations teams to drive sales and execution through robust business performance management and analytics, strategic revenue management, managing audit, tax, risk and compliance and leading the development of budgets, midterm plans and forecasts, managing accounts receivables & accounts payables, capital and operational expenditure, treasury management, cost of sales and inventory.

 

Achievements

• Developed operational and financial dashboards and led the analysis of key performance indicators including all areas of revenue, cost of sales, expenses and capital expenditures.
• Introduced activity-based budgeting & prepared revenue budgets, forecasts and 3-5-year business plans
• Developed and implemented innovative strategies for smooth cash flow management achieving a cash reserve of 6 months against a target of 1 month
• Developed internal controls systems and operational procedure manuals and managed the successful implementation of the Hotel ERP system for accounting, reservations and restaurant.
• Structured financing deals and led the Resort development from a 2 room to a 56-room facility

 

Financial Manager | May 2009 to December 2013          Barloworld Logistics | Johannesburg, South Africa

 

Responsible for providing leadership to the finance function, managing financial planning, reporting and analysis processes, drive the implementation of management reporting including dynamic P&L’s with region, brand and product views, manage and deliver cash flow forecasts, managing cash and working capital and support fulfillment of all audit requirements and managing tax and statutory compliance

 

Achievements

• Decreased the cash cycle by reducing stock holding of slow-moving items by more than 35% through competitive re-pricing and improved inventory ordering system
• Reduced debtors’ book from 70 million rand to less 25 million rand within 3 months of joining
• Developed recommendations for growth and costs reductions to executive management, based on continuous analysis of monthly cash flow and profit and loss statements which improved profitability.

 

Financial Accountant | October 2005 to February 2009                    Delta Beverages | Harare, Zimbabwe

 

Accountable for the entire financial reporting processes, management accounts, general ledger, cash books, fixed assets, reconciliations and performing month end and year end procedures and external audits

 

Key Result Areas

 

• Preparing monthly management accounts and commentary and board packs.
• Conduct month, quarter and year end closure processes, including all aspects of financial validation, bank and balance sheet reconciliations, stock counts, monthly audit file and year end external audit.
• Cash flow management and monitoring and approving operational and capital expenditure.
• Prepare budget parameters and provides support to departments in drawing up budgets and setting and tracking bottom line targets for departments as per approved budgets

 

Achievements

 

• Achieved internal audit ranking of 1, which was the highest ranking for clean audits at Delta through implementation of internal controls and timeously resolving deficiencies raised by auditors
• Produced accurate financial and management reports consistently within 5 days of month end closure.
• Key member of a project team which implemented route rationalization exercise which reduced distribution costs by over 35%

 

Management Accountant | June 2003 to September 2005       Barloworld Equipment | Harare, Zimbabwe

 

Responsible for management of finance department including financial reporting, general ledger, revenue, fixed assets, creditors, debtors, statutory accounts, internal and external audit and inventory management

 

Key Result Areas

 

• Manage and monitor the general ledger, chart of accounts and reporting systems ensuring compliance with GAAP standards and regulatory compliance.
• Preparing accurate and timely monthly management accounts and quarterly board packs
• Responsible for cash flow forecasts and performing daily cash tracking and coordinating monthly review and reconciliation of cash accounts and bank reconciliation statements
• Led the development of forecasts and the annual budgetary process

 

Professional Qualifications

 

Certified Management Accountant (CMA) – The Institute of Certified Management Accountants

Bachelor of Accountancy Honors Degree – University of Zimbabwe

Certified Financial Modeling and Valuation Analyst – Corporate Finance Institute

Management Development Program- Mandel Training Centre

 

Technical Skills

 

Oracle NetSuite, QuickBooks, Pastel Evolution, Syspro, SAP Business One, Bamboo HR, Expensify, Salesforce, Room Master, Sun Accounting System.

 

References

 

Ms Maggie Odyek, HR Manager, Spark Microgrants +256 772 474 665,  maggie@sparkmicrogrants.org

Mr Mapfumo, Manager, New Forests Company, +256 753 397 558, matthew.mapfumo@newforests.net

Mrs Alex Muyama, COP Director, Spark Microgrants +256 782 414 777,  alex@sparkmicrogrants.org