Summary
Overview
Work history
Education
Skills
Certification
Languages
Timeline
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Simon K Muyambo

Dubai,United Arab Emirates

Summary

Focused Chartered Accountant with an impressive track record of collaborative, cross-functional teamwork in high-pressure environments. Adept at project planning and managing multiple accounts simultaneously, with substantial expertise in financial accounting and auditing, dedicated to meeting business objectives.

Overview

10
10
years of professional experience
6
6
years of post-secondary education
1
1
Certification

Work history

Senior Finance Specialist

PROTECT ELECTRONICS SYSTEMS LLC
Dubai, United Arab Emirates
09.2020 - Current
  • Led successful completion of 4 group entities external audits, resulting in timely issuance of statutory financial statements.
  • Monitored and evaluated financial transactions and processes to detect and prevent fraud or errors.
  • Provided 8 hours of training on internal control policies, resulting in increased adherence and awareness among staff.
  • Collaborated with cross-functional teams to implement internal control best practices and standardized processes across departments.
  • Developed and maintained documentation of internal control processes, including policies, procedures, and audit findings.
  • Managed 7 entities month-end closing processes, ensuring high accuracy and timeliness.
  • Developed comprehensive revenue recognition documentation in accordance with IFRS 15 guidelines
  • Conducted detailed write-ups on intangible assets in adherence to IAS 38 requirements.
  • Conducted monthly examination of general ledger transactions to verify data accuracy and proper recording.
  • Executed budgeting and forecasting, leveraging analytical insights to develop accurate financial projections and optimize resource allocation for strategic decision-making.
  • Monitored of expenditures to ensure that spending is limited to approved budget.
  • Supervised fixed asset management process, which encompass tasks such as asset inventory, depreciation control, physical verification, and disposal.
  • Conducted comprehensive VAT and ESR reviews, ensuring compliance with regulatory requirements and identifying opportunities for optimization.
  • Provided Ad-hoc reports and analysis as requested by management.

Cost Analyst

OILSERV OILFIELD SERVICES (BVI) LTD
Dubai, United Arab Emirates
05.2019 - 08.2020
  • Developed and maintained cost tracking systems, leading to approximately 15% improvement in accuracy and efficiency of cost reporting.
  • Analyzed cost variances for major projects, identifying areas for improvement and achieving cost savings of approximately $100,000 annually.
  • Collaborated with Supply chain team and optimized procurement processes, negotiating contracts with suppliers, resulting in 20% reduction in material costs.
  • Generated monthly cost forecasts, achieving 95% accuracy rate and aiding in proactive budget management.
  • Led cross-functional teams in cost analysis projects, delivering actionable insights that contributed to increase in profitability.
  • Conducted monthly project Profit and Loss (P&L) analyses for project profitability.
  • Reviewed consultants' monthly cost invoices meticulously for accuracy in report generation.
  • Scrutinized sub-contractors' progress billing reports and supporting documents for accuracy.

Engagement Auditor

Ernst & Young, EY
Dubai, United Arab Emirates
12.2016 - 05.2019
  • Led audit planning, conducted fieldwork, and ensured timely updates to engagement leaders and client management.
  • Developed and monitored audit budget to control cost and increase margins.
  • Provided on job coaching and supervision of junior colleagues and monitoring of their audit budget
  • Reviewed working papers prepared by junior team members and provide performance feedback.
  • Completed comprehensive audit processes with focus on higher-risk areas like revenue and receivables.
  • Conducted operational review and testing of client's business processes, policies and procedures focusing on improving operational capacity.
  • Assisted clients on complex IFRS application scenarios.
  • Reviewed financial statements, ensuring disclosures comply with International Financial Reporting Standards (IFRS).
  • Prepared audit reports such as: Report of audit findings to management which included issues noted, their impact and suggested mitigating responses as well as Audit committee and Board of Directors reports.
  • Successfully led, planned, executed and concluded audits of entities in FMCG, Agriculture, Tourism and Hospitality, Manufacturing and Automobile and Education sectors.

Audit Senior

Ernst & Young, EY
Harare, Zimbabwe
11.2013 - 12.2016
  • Developed and monitored audit budget to control cost and increase margins
  • Led comprehensive planning and execution of audit fieldwork, ensuring compliance with industry standards and regulations.
  • Coached and mentored junior team members to foster professional growth and unlock their full potential.
  • Reviewed and evaluated audit work by junior team members, maintaining high standards of accuracy.
  • Succeeded in managing multiple audits, overseeing timelines, conducting team briefings, ensuring effective supervision, and facilitating timely reviews by engagement executives.
  • Maintained regular communication with Managers, Senior Managers, Directors, and Partners, providing ongoing progress updates.
  • Cultivated relationships with engagement and audited entity staff to promote effective collaboration.
  • Acted as primary point of contact for audited entities, ensuring seamless communication and prompt issue resolution.
  • Performed VAT/GST compliance tests as well as completeness tests by way of recalculation of declared VAT
  • Successfully reviewed deferred and income tax computation.
  • Prepared technical consultations on significant and complex accounting judgements.
  • Evaluated sufficiency and reliability of information contained in reports of experts used by management.
  • Reviewed and finalized audited financial statements for compliance with IFRS and other regulatory requirements.
  • Prepared and finalized audit reports such as: Report of audit findings to management which included issues noted, their impact and suggested mitigating responses.
  • Successfully executed audits of entities in FMCG, Oil and Gas, Aquaculture, Manufacturing, Mining, Asset Management, Pension Funds and Insurance sectors.

Education

Postgraduate Diploma - Applied Accounting Sciences

University of South Africa
South Africa
01.2015 - 12.2015

Postgraduate Diploma - Accounting Sciences

University of South Africa
South Africa
01.2014 - 12.2014

B. Com (Honours) Degree - Accounting

National University of Science And Technology
Zimbabwe
10.2009 - 11.2013

Skills

  • Strong communication
  • International Financial Reporting Standards
  • Budget analysis
  • Process improvement and internal controls
  • Risk-based auditing
  • Stakeholder relationship management
  • Accounting and auditing standards
  • Audit reporting
  • Financial statement auditing
  • Financial reporting and analysis

Certification

Chartered Accountancy Certificate

Institute of Chartered Accountants of Zimbabwe (ICAZ)

Issued Apr 2018

ESG Integration & Financial Analysis

Corporate Finance Institute

Issued Nov 2023

Financial Modelling and Valuation Analyst,

Corporate Finance Institute

In-progress



Languages

English
Fluent

Timeline

Senior Finance Specialist

PROTECT ELECTRONICS SYSTEMS LLC
09.2020 - Current

Cost Analyst

OILSERV OILFIELD SERVICES (BVI) LTD
05.2019 - 08.2020

Engagement Auditor

Ernst & Young, EY
12.2016 - 05.2019

Postgraduate Diploma - Applied Accounting Sciences

University of South Africa
01.2015 - 12.2015

Postgraduate Diploma - Accounting Sciences

University of South Africa
01.2014 - 12.2014

Audit Senior

Ernst & Young, EY
11.2013 - 12.2016

B. Com (Honours) Degree - Accounting

National University of Science And Technology
10.2009 - 11.2013

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Simon K Muyambo