Lerato Moletsane
Summary
I hold a Chartered Accounting stage (CA) certificate and have ten (10) years working experience. Three years (3) in the external audit industry with the last position being the Audit Manager and seven (7) years in the Telecommunications industry. I currently serve as the Finance Manager for Planning and Analysis at Sasai Econet Financial Services (Pty) Ltd, a subsidiary of Econet Telecom Lesotho (Pty) Ltd.
Overview
11
11
years of professional experience
Work History
Finance Manager - Planning and Analysis
Sasai Econet Financial Services (Pty) Ltd
01.2021 - Current
- Prepared budgets and forecast. Also analysed EcoSure and EcoCash’s financial performance and recommended suitable strategies for improving performance.
- Prepared financial board papers and reports. Also made presentation of to SEFS board of directors.
- Devising Finance’s Annual Operating plans and monitoring progress towards successful implementation.
- Prepared Financial Statements.
- Evaluated performance of EcoCash and EcoSure campaigns and provided recommendation for improved performance.
- Liaised with the commercial teams to come up with effective cost savings strategies.
- Prepared of monthly management accounts and Provided commentary on the identified variances.
- Drafted of finance policies.
- Ensured smooth completion of both internal, external and regulatory audit exercises.
- Supervision of the Accounts clerk and Account reconciliations officer.
- Reviewing of reconciliation statements.
Mobile Financial Service Accountant (Level 3 Supervisory position)
Econet Telecom Lesotho (Pty) Ltd
01.2018 - 01.2021
- Identified and analysed risks associated with the Ecocash business and providing recommendations to mitigate such risks.
- Supervised all Ecocash agents within Econet Telecom Lesotho (Pty) Ltd retail outlets and analysing their daily Ecocash operations reports.
- Conducted random working float spot checks and monthly working float checks for all agents within the Econet Telecom Lesotho Retail Outlets.
- Delivered trainings on cash handing procedures to Ecocash agents.
- Ensured that the EcoCash Business division is compliant with the Central Bank of Lesotho regulations and guidelines.
- Prepared Management reports for Mobile financial services (EcoCash and EcoSure) business division.
- Contributed to formulation of the mobile money division’s budgets and Forecast.
- Analysed monthly, Quarterly and yearly Mobile Financial services business performance against the budget and prior years.
- Provided financial perspective input on new Ecocash and Ecosure projects.
- Prepared Monthly Income statements for the all Econet Telecom Lesotho (Pty) Ltd Retail Outlets.
- Prepared monthly Reconciliation statements for all Ecocash and Ecosure debtors and payables Accounts.
- Posted of monthly Journals into the Oracle accounting system.
- Reviewed of Monthly Ecocash wages payments.
Audit Manager
Moores Rowland Chartered Accountants
01.2016 - 01.2017
- Obtained knowledge of the clients’ business.
- Obtained an understanding of accounting systems and related internal controls.
- Identified and analyzed business and financial risks of the clients
- Performed internal control tests to assess the strength of controls in place in terms of mitigating the identified risks.
- Communicated control weakness identified with the clients’ management team and preparing the management report detailing the risk identified their risk rating, and impact and the recommendation of controls that can be put in place to eliminate such risks.
- Performed substantive tests for classes of transactions considered rated to be of high risks.
- Reviewed of audit assistant and Audit juniors’ work.
- Consolidated work done by the audit team to produce one complete audit file.
- Reported all key audits finding identified to the audit partner and providing an input in determining the audit opinion the financial statements have to bear.
- Prepared client’s financial statements.
- Reviewed of audit clients’ tax returns.
Senior Audit Assistant
Moores Rowland Chartered Accountants
01.2015 - 01.2016
- Prepared of Audit plans
- Performed detailed test on classes of transactions for small and medium sized enterprises
- Provided direct supervision to Audit juniors
- Ensured audit completion and reporting of key audit findings to the audit manager.
Audit Junior
Moores Rowland Chartered Accountants
01.2014 - 01.2015
- Performed detailed substantive tests on classes of transactions and account balances for small business enterprise
- Concluded on key audit findings.
- Below are Examples of Organizations or companies I have audited:
- Lesotho Council of NGO’s
- Send a Cow Lesotho
- Transformation Resource Centre
- Metropolitan Lesotho (Pty) Ltd
- Matekane Group of Companies (Pty) Ltd
- Econet Telecom Lesotho (Pty) Ltd
- Sigma contraction (Pty) Ltd
- G4S Security company (Pty) Ltd
- Lesotho Electricity Company (Pty) Ltd
- Build-It (Pty) Ltd
- Lesotho Millennium development agency
- American International school of Lesotho
- Lesotho Council of Non-Governmental organizations (LCN)
Education
Chartered Accounting stage (CA) -
Centre for accounting studies in partnership with ACCA
01.2014
General Accounting stage (GA) - undefined
Centre for accounting studies in partnership with ACCA
01.2013
Technical Accounting stage (CAT) - undefined
Centre for accounting studies in partnership with ACCA
01.2012
New Managers program - undefined
University of Free State
12.2021
COSC - undefined
St. James High school
01.2010
JC - undefined
St. James High school
01.2008
PSLE - undefined
Ts’epo English Medium
01.2005
Skills
- Analytical skills: Strong analytical and problem-solving skills Successfully analyzed and revised SEFS contractors’ costs, resulting in a 33% reduction in costs for the business upon implementation Successfully appraised SEFS business cases for profitability thus ensuring implementation of value adding services and products
- Understanding of KPIs: Ability to understand Financial and Non-Financial performance metrics coupled with the ability to assess the impact of changes in identified in KPIs Successfully analyzed actual performance against budget and prior year and provided a comprehensive commentary on the variances identified
- Communications skills: Strong communication skills, written and verbal presentations Successfully Prepared board papers and reports and conducted verbal presentations to SEFS board of directors
- Team player: Successfully led and managed key stakeholder engagements for previous projects Demonstrated also through monthly engagements with the commercial teams during review of the year to date financial performance
LNGG
Sesotho and English
References
Malisema, Chabane, Ecocash Operations Manager, (+266) 6222 3335, Sasai Econet Financial Services (Pty) Ltd, Econet Building Thesane Road
Accomplishments
- Certificate of recognition for outstanding performance in Financial Accounting awarded by ACCA in partnership with Lesotho institute of Accountants.
- Three Certificates of recognition for outstanding performance, productivity and dedicated service awarded by Econet Telecom Lesotho (Pty) Ltd.
- Special achievement award for obtaining CA (Chartered Accounting Stage) Certificate in record time, (within three years).
- ECOL Award of Excellence (TOP EIGHT) COSC 2010
Key Achievements in the workspace
- Successfully led a team in the demerger of Econet Telecom Lesotho and Sasai Econet Financial Services' financial records.
- Successfully led the finance team in the development and implementation of the Sasai Econet Financial Services standalone reporting system.
Key responsibilities in Current position
- Reporting of Sasai Econet Financial Services’ (SEFS) financial performance to the board of directors.
- Prepared SEFS budget, forecast, and analyzed actual performance against budgets, forecasts, and prior year to provide recommendations for initiatives to close gaps.
- Analysed and Evaluated SEFS’ products pricing.
- Analysing SEFS’ actual performance against budgets, forecast and prior year coupled with provision of recommendation to close negative gaps.
Timeline
Finance Manager - Planning and Analysis
Sasai Econet Financial Services (Pty) Ltd
01.2021 - Current
Mobile Financial Service Accountant (Level 3 Supervisory position)
Econet Telecom Lesotho (Pty) Ltd
01.2018 - 01.2021
Audit Manager
Moores Rowland Chartered Accountants
01.2016 - 01.2017
Senior Audit Assistant
Moores Rowland Chartered Accountants
01.2015 - 01.2016
Audit Junior
Moores Rowland Chartered Accountants
01.2014 - 01.2015
General Accounting stage (GA) - undefined
Centre for accounting studies in partnership with ACCA
Technical Accounting stage (CAT) - undefined
Centre for accounting studies in partnership with ACCA
New Managers program - undefined
University of Free State
COSC - undefined
St. James High school
JC - undefined
St. James High school
PSLE - undefined
Ts’epo English Medium
Chartered Accounting stage (CA) -
Centre for accounting studies in partnership with ACCA
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