Stewart Jakarasi

• Involved in:
• Stock broking
• Carried out Financial analysis of businesses
• Listed companies on the Stock Exchange through Initial Public Offering (IPO)
• Advised clients on proper Corporate Governance before listing
• Carried out Corporate restructuring

• Business Policy & Strategy, Entrepreneurship, Operations Management, Research Supervision
• Drafted course modules
• Provided face to face and online lectures
• Set and marked exams
• Supervised undergraduate research students

• Consulted in private sector, public sector and NGOs in:
• Strategic planning, corporate governance, financial analysis, business forecasting, budgetary control and monitoring, resource mobilization, due diligence, corporate restructuring, risk management, financial statements preparation and reporting, capacity building, change management
• Major Consulting Assignments

Projects Implemented & Achievements:

· Raised funds from Millennium Challenge Account (MCC) and World Savings Bank Institute (WSBI) to fund the electronic banking platform

· Ensured that the PostBank converts from being a savings bank to a commercial bank

· Drafted the strategic plan to launch ATM and Point of Sale network.

· Liaised with a microfinance specialist in launching the microfinance unit of the bank.

Key Duties & Responsibilities

· Liaise with key stakeholders, viz, shareholders, financiers, CBL and Gvt Ministries. Ensure corporate governance issues are adhered to

· Participate in setting up Corporate strategy, budget and objectives and Performance Management Appraisal Targets (PMAT)

· Ensure Bank is appropriately capitalized

· Treasury management to ensure a healthy liquidity position

· Coordinate with internal and external auditors

• Finance and Administration
• Referee: Mrs
• Fransisca Zinyemba, +263 772146232
• Projects Implemented & Achievements:
• Coordinated the project to recapitalize the bank with China Development Bank
• Processed all funding requirements from the Government
• Involved in the valuation of the development bank with external consultants
• Reorganised and equipped the Treasury Unit
• Led the team involved in selecting Rubikon Equinox core banking system
• Key Duties & Responsibilities
• Liaise with shareholders, financiers, Reserve Bank and Government Ministries
• Involved in setting up Corporate strategy and Balanced Scorecard(BSC)
• Set up Divisional BSC in line with the Corporate & Divisional strategic objectives
• Overseeing treasury dept in money market
• Work with the Board in ensuring adherence to proper corporate governance
• Appraised capital projects and mode of funding

Duties and Responsibilities

· Appraised major projects for airports, bridges and railways

· Perform company secretarial duties

· Set up financial targets to track performance of projects.

· Review and report on performance of the group.

· Establish financial policies to enhance internal controls

· Tax planning and advice

• Provided advisory services on: mergers and acquisitions, valuation of businesses, management buyouts, corporate tax planning, personal tax planning, company reconstructions, corporate governance
• Drafted the turnaround strategy for Swaziland Post and Telecommunications Corporation

· Provided strategic and operational leadership in running the company.

· Developed corporate business strategy

· Monitored senior management in planning and implementing the company business strategy.

· Guided senior management in developing short, medium and long-term business strategies.

· Provided operational advice to the board on business implications of telecommunications regulatory regimes and other issues within the industry.

· Held negotiations with international finance providers like, Bank of China and Huawei in China, Development Bank of South Africa, African Development Bank, Duetche Bank, Japanese Government

• Developed a framework for managing the financial performance of the corporation
• Developed group-wide financial strategies as well as financial policies and practices
• Perform company secretarial duties
• Implemented financial and management accounting and information technology strategies
• Major assignments undertaken:
• Unbundled the Zimbabwe Post and Telecommunications Corporation into three entities to provide fixed telephony services, mobile telephony, postal services
• Consulted with Pricewaterhousecoopers (UK) in the privatisation of Zimbabwe Post and Telecommunications Corporation

• Reviewed and developed financial strategies, policies and practices
• Developed financial, management accounting and information technology strategies
• Perform company secretarial duties
• Reviewed corporate financial objectives
• Reported on financial performance of the company and provided commentary on results
• Liased with financial institutions
• Attended board meetings as director

· Provided strategic and operational leadership in running the company.

· Developed corporate business strategy

· Monitored senior management in planning and implementing the company business strategy.

· Guided senior management in developing short, medium and long-term business strategies.

· Restructured the balance sheet of the company by converting debt into equity.

· Negotiated with financial institutions that were owed by the company for them to convert the debt into equity.

Performed company secretarial duties

• Established budgetary benchmarks and formulated financial management strategies by researching operating and historical financial records.
• Led financial planning and analysis by managing key metrics, analyzing data and providing support and insight for strategic planning.
• Managed accounting-team data using [Software], entering and organizing payroll, adjustments and monthly accrual information.
• Created and implemented effective accounting systems, best practices and policies.

• Verified accuracy, compliance and completeness of team auditing work.
• Recommended strategies for improving compliance and success of internal controls.
• Liaised between clients and internal audit staff to address concerns with procedures, scheduling or results.
• Allocated auditing work to junior and staff auditors to cover demand.