Noel Mataka
Lilongwe
Summary
Skilled Accounting personnel with more than 7 years experience working in the financial services sector skilled in data processing and analysis with strong attention to detail and methodical approach. Brings motivation to learn and excel combined with skills developed from training and previous experience. Versed in accounting software, spreadsheet tracking and GAAP.
Overview
8
8
years of professional experience
4
4
years of post-secondary education
Work History
Assistant Accountant
Cooperatives General Insurance Company Limited
Lilongwe
11.2021 - Current
- Prepares monthly management reports and statutory reports in line with IFRSes, IASes and local regulatory requirements within 5 days from month end
- Preparation and submission of regulatory solvency return
- Budget, forecast and cashflow preparation
- Maintenance of fixed asset register and placing insurances on all company assets
- Budget monitoring (Opex and capex) to ensure all expenses and capital expenditure are in line with approved budgets and reporting variances thereon
- Bank reconciliation
- Manages stakeholder relationship with banks, regulators, company actuaries
- Oversees and is key contact for all internal audits (done quarterly), external audits and regulatory audits.
- Accurately prepares and maintains audit schedules (for all income statement and balance sheet reporting groups) to ensure legitimate entries only are present in ledger accounts
- Maintains intercompany schedules (6) and prepares intercompany matrix for group consolidation
- Supervision of finance staff (6)
- Maintenance of finance policies, procedures and internal controls and regular update for board approval
- Payroll processing (Loans, medical, staff benefits etc)
- Prepares monthly and annual tax returns (PAYE, VAT, FBT, Provisional tax, Income tax) within the required regulatory timelines
Finance Officer
NICO Life Insurance Company Limited
Blantyre
11.2017 - 11.2021
- Assisted in providing financial performance reports as part of monthly & statutory reporting, monitoring data and information processing in life with IFRSes, IASes and local regulatory requirements
- Developed thorough forecasting and cash-flow management processes to maximise progression and profitability.
- Monitored and reviewed financial controls, processes and procedures to enable best practice development.
- Acted as point of contact in support of internal and external audits.
- Prepared investment schedules (5) of AUM of MK350Billion plus comprising of government securities, fixed deposits, shares, loans and property and assisting in the year end valuation of the same in line with IFRSes
- Supervised finance department staff (5)
- Engaged company key stakeholders such as company bankers, actuaries, regulators, tax authorities
- Prepared monthly and annual tax returns (PAYE, WHT, FBT, Provisional tax, income tax) within the required regulatory timeframe
- Preparation of payroll for sales staff (300+)
- Finance lead in adoption of new insurance MIS that in compliant with IFRS17 requirements effective January 2023
Fund Accountant
Old Mutual Malawi Limited
Blantyre
07.2015 - 10.2017
- Prepared annual pension fund accounts (100+ pension funds) in line with IFRSes within 6 months from close of financial year
- Printed and submitted member certificates to pension fund members
- Responded to queries on pension fund values
- Engaged with company actuaries on fund bonuses and valuations
- Tracked fund deposits to ensure they are capture in pension MIS
- Updated pension date to designed pension web portal for access by fund members
- Any other duties assigned from time to time
Education
Bachelor of Science (Hons) in Applied Accounting -
Oxford Brookes University
London, United Kingdom 06.2015 - 06.2017
Advanced Diploma in Business and Accounting -
Association of Chartered Certified Accountants
London, United Kingdom 06.2015 - 06.2016
Diploma in Accounting -
Institute of Chartered Accountants in Malawi
Malawi 06.2014 - 06.2015
Skills
- Financial statements expertise
- Bank reconciliations
- Month-end reports
- Variance analysis
- Financial management
- General ledger accounting expertise
- ERP software
- Payroll operations
- Month-end financial reporting
- Internal controls and audits
- Budget forecasting
- Balance sheet reconciliations and audit schedules
Languages
English
Fluent
French
Elementary
Chichewa
Native
Affiliations
- Professional student of Association of Chartered Certified Accountants
- Diplomate Member of Institute of Chartered Accountants in Malawi
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Assistant Accountant
Cooperatives General Insurance Company Limited
11.2021 - Current
Finance Officer
NICO Life Insurance Company Limited
11.2017 - 11.2021
Fund Accountant
Old Mutual Malawi Limited
07.2015 - 10.2017
Bachelor of Science (Hons) in Applied Accounting -
Oxford Brookes University
06.2015 - 06.2017
Advanced Diploma in Business and Accounting -
Association of Chartered Certified Accountants
06.2015 - 06.2016
Diploma in Accounting -
Institute of Chartered Accountants in Malawi
06.2014 - 06.2015
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