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leonard mpofu

CFO/FD qualified CPA &FCIS

Harare, Zimbabwe

Work Experience

  • Chief Finance OfficerFull Time

    Finmod Holdings

    Jan 2012 - Present -13 yrs, 5 months

    Zimbabwe , Harare

    • Job Details:DUTIES & RESPONSIBILITIES: • Direct and oversee all aspects of Finance, Accounting, Projects, IT, HR, Security, Payroll, and benefits administration. • Formulate the overall financial strategy and coordinate all the activities of the Finance and administration department. • Co-ordination of group wide deployment of liquidity, and planning to avoid liquidity stress points. Treasury management and cost control. • Provide timely and accurate reporting and analysis of financial results and financial trends. • Provide reporting of key performance indicators, receivables, credit management to all process owners, and lead in the development of financial frameworks. • Manage the preparation of consolidated group accounts and report on segment analysis. • Formulate budget preparation and monitor through forecast behavior patterns. • Develop and direct the implementation of strategic and operational business plans, projects, programs and systems. • Prepare and manage action plans for the departments and departmental heads. • Managing the costing of products and monitoring overheads against budgeted activities, and projects against critical path. • Managing the preparation of and presentation of operations reports for all SBUs Key Results Areas. (KRAs) Financial Reporting • Budget formulation and monitoring and assist SBU managers in formulation and maintenance of budgets. • Provide timely, accurate financial Information to C.E.O and analyzing financial highlights. • Analyzing and providing commentary on variance in Y.T.D period end costs and revenues and explaining on major costs drivers. • Supporting SBU managers in the formulation of cost and price so as to ensure incorporation of known costs. • Facilitate Planning, controlling of costs within SBUs areas of responsibilities. • Interpret the relationships between activity data and other key performance indicators in order to anticipate trends and identify weaknesses in activity systems and establish implications • Providing input in continued development of financial systems analysis and reporting mechanisms and financial control processes. • Monitor Capital expenditure purchases by keeping record of usage and condition through maintenance of registers. Monitoring purchases procedures and carrying period checks. • Set up & manage the preparation of consolidated group accounts for Board presentation. • Reviewing reporting format to comply with (IFRS) International Financial Reporting Standards and (IAS) International Accounting Standards. Financial Management • Planning Sources of finance, Budgeting Cash flows and Capitalization of the group. • Negotiating with financial Institutions, project planning and managing Investments. • Preparation of business plans for new and existing Businesses within the group`s strategies. • Managing Working capital through obtaining Debtors and creditor’s age analysis and daily banking. • Business and operation reviews through benchmarking with the industry trends. Administration • Structuring and streamlining company procedures and methods for efficiency. • Designing performance management report for senior management. • Act as the Chief Principal officer of the Insurance and Assurance committee • Administer senior management payroll and manage the reconciliations of payrolls for senior and operations staff. • Facilitate planning, recruitment, recording for senior management files. • Prepare salaries for senior management. • Checking the capital expenditure purchase for procedures and keeping record of usage and condition. Auditing • Review accounting systems and internal controls, and ensure compliance with the procedures. • Liaise with Internal and External Auditors. • Designing Audit checklists for the purpose of meeting deadlines on Audited Accounts. • Assign subordinates for Internal Audit checking on irregularities and risk management. • Carrying periodic checks on complex purchases and physical custody. Strategic Management • Prepare Strategic Objectives and Strategies for implementation and manage Action Plans. • Implement strategies as recommended by the Board and Finance Committee mandate. Risk Management. • Setting risk management objectives, identification, measurement, handling, implementation, monitoring and controlling. Risk & stress setting Taxation • Manage the preparation of VAT, Tax returns and Tax computations. • Manage the reconciliation of NSSA, PAYE, and Pension. • Ensure compliance with the Tax Act regulations. • Interpreting tax legislations and carrying general tax planning. Corporate Secretaryship. • Prepare Agenda, Notices, Minutes and Ensuring meetings are conducted and legally constituted. • Implementation of Board resolutions. • Presenting in Board Meetings and Finance Committee Meeting financial reports and other related reports
  • Group Finance ManagerFull Time

    MADZ ENGINEERING & CONTRACTING GROUP

    Jan 2008 - Dec 2011 -3 yrs, 11 months

    Zimbabwe , Harare

    • Job Details:DUTIES & RESPONSIBILITIES: • Direct and oversee all aspects of Finance, Accounting, Projects, IT, HR, Security, Payroll, and benefits administration. • Formulate the overall financial strategy and coordinate all the activities of the Finance and administration department. • Co-ordination of group wide deployment of liquidity, and planning to avoid liquidity stress points. Treasury management and cost control. • Provide timely and accurate reporting and analysis of financial results and financial trends. • Provide reporting of key performance indicators, receivables, credit management to all process owners, and lead in the development of financial frameworks. • Manage the preparation of consolidated group accounts and report on segment analysis. • Formulate budget preparation and monitor through forecast behavior patterns. • Develop and direct the implementation of strategic and operational business plans, projects, programs and systems. • Prepare and manage action plans for the departments and departmental heads. • Managing the costing of products and monitoring overheads against budgeted activities, and projects against critical path. • Managing the preparation of and presentation of operations reports for all SBUs Key Results Areas. (KRAs) Financial Reporting • Budget formulation and monitoring and assist SBU managers in formulation and maintenance of budgets. • Provide timely, accurate financial Information to C.E.O and analyzing financial highlights. • Analyzing and providing commentary on variance in Y.T.D period end costs and revenues and explaining on major costs drivers. • Supporting SBU managers in the formulation of cost and price so as to ensure incorporation of known costs. • Facilitate Planning, controlling of costs within SBUs areas of responsibilities. • Interpret the relationships between activity data and other key performance indicators in order to anticipate trends and identify weaknesses in activity systems and establish implications • Providing input in continued development of financial systems analysis and reporting mechanisms and financial control processes. • Monitor Capital expenditure purchases by keeping record of usage and condition through maintenance of registers. Monitoring purchases procedures and carrying period checks. • Set up & manage the preparation of consolidated group accounts for Board presentation. • Reviewing reporting format to comply with (IFRS) International Financial Reporting Standards and (IAS) International Accounting Standards. Financial Management • Planning Sources of finance, Budgeting Cash flows and Capitalization of the group. • Negotiating with financial Institutions, project planning and managing Investments. • Preparation of business plans for new and existing Businesses within the group`s strategies. • Managing Working capital through obtaining Debtors and creditor’s age analysis and daily banking. • Business and operation reviews through benchmarking with the industry trends. Administration • Structuring and streamlining company procedures and methods for efficiency. • Designing performance management report for senior management. • Act as the Chief Principal officer of the Insurance and Assurance committee • Administer senior management payroll and manage the reconciliations of payrolls for senior and operations staff. • Facilitate planning, recruitment, recording for senior management files. • Prepare salaries for senior management. • Checking the capital expenditure purchase for procedures and keeping record of usage and condition. Auditing • Review accounting systems and internal controls, and ensure compliance with the procedures. • Liaise with Internal and External Auditors. • Designing Audit checklists for the purpose of meeting deadlines on Audited Accounts. • Assign subordinates for Internal Audit checking on irregularities and risk management. • Carrying periodic checks on complex purchases and physical custody. Strategic Management • Prepare Strategic Objectives and Strategies for implementation and manage Action Plans. • Implement strategies as recommended by the Board and Finance Committee mandate. Risk Management. • Setting risk management objectives, identification, measurement, handling, implementation, monitoring and controlling. Risk & stress setting Taxation • Manage the preparation of VAT, Tax returns and Tax computations. • Manage the reconciliation of NSSA, PAYE, and Pension. • Ensure compliance with the Tax Act regulations. • Interpreting tax legislations and carrying general tax planning. Corporate Secretaryship. • Prepare Agenda, Notices, Minutes and Ensuring meetings are conducted and legally constituted. • Implementation of Board resolutions. • Presenting in Board Meetings and Finance Committee Meeting financial reports and other related reports
  • Group Finance ManagerFull Time

    MADZ ENGINEERING & CONTRACTING GROUP

    Jan 2008 - Dec 2011 -3 yrs, 11 months

    Zimbabwe , Harare

    • Job Details:DUTIES & RESPONSIBILITIES: • Direct and oversee all aspects of Finance, Accounting, Projects, IT, HR, Security, Payroll, and benefits administration. • Formulate the overall financial strategy and coordinate all the activities of the Finance and administration department. • Co-ordination of group wide deployment of liquidity, and planning to avoid liquidity stress points. Treasury management and cost control. • Provide timely and accurate reporting and analysis of financial results and financial trends. • Provide reporting of key performance indicators, receivables, credit management to all process owners, and lead in the development of financial frameworks. • Manage the preparation of consolidated group accounts and report on segment analysis. • Formulate budget preparation and monitor through forecast behavior patterns. • Develop and direct the implementation of strategic and operational business plans, projects, programs and systems. • Prepare and manage action plans for the departments and departmental heads. • Managing the costing of products and monitoring overheads against budgeted activities, and projects against critical path. • Managing the preparation of and presentation of operations reports for all SBUs Key Results Areas. (KRAs) Financial Reporting • Budget formulation and monitoring and assist SBU managers in formulation and maintenance of budgets. • Provide timely, accurate financial Information to C.E.O and analyzing financial highlights. • Analyzing and providing commentary on variance in Y.T.D period end costs and revenues and explaining on major costs drivers. • Supporting SBU managers in the formulation of cost and price so as to ensure incorporation of known costs. • Facilitate Planning, controlling of costs within SBUs areas of responsibilities. • Interpret the relationships between activity data and other key performance indicators in order to anticipate trends and identify weaknesses in activity systems and establish implications • Providing input in continued development of financial systems analysis and reporting mechanisms and financial control processes. • Monitor Capital expenditure purchases by keeping record of usage and condition through maintenance of registers. Monitoring purchases procedures and carrying period checks. • Set up & manage the preparation of consolidated group accounts for Board presentation. • Reviewing reporting format to comply with (IFRS) International Financial Reporting Standards and (IAS) International Accounting Standards. Financial Management • Planning Sources of finance, Budgeting Cash flows and Capitalization of the group. • Negotiating with financial Institutions, project planning and managing Investments. • Preparation of business plans for new and existing Businesses within the group`s strategies. • Managing Working capital through obtaining Debtors and creditor’s age analysis and daily banking. • Business and operation reviews through benchmarking with the industry trends. Administration • Structuring and streamlining company procedures and methods for efficiency. • Designing performance management report for senior management. • Act as the Chief Principal officer of the Insurance and Assurance committee • Administer senior management payroll and manage the reconciliations of payrolls for senior and operations staff. • Facilitate planning, recruitment, recording for senior management files. • Prepare salaries for senior management. • Checking the capital expenditure purchase for procedures and keeping record of usage and condition. Auditing • Review accounting systems and internal controls, and ensure compliance with the procedures. • Liaise with Internal and External Auditors. • Designing Audit checklists for the purpose of meeting deadlines on Audited Accounts. • Assign subordinates for Internal Audit checking on irregularities and risk management. • Carrying periodic checks on complex purchases and physical custody. Strategic Management • Prepare Strategic Objectives and Strategies for implementation and manage Action Plans. • Implement strategies as recommended by the Board and Finance Committee mandate. Risk Management. • Setting risk management objectives, identification, measurement, handling, implementation, monitoring and controlling. Risk & stress setting Taxation • Manage the preparation of VAT, Tax returns and Tax computations. • Manage the reconciliation of NSSA, PAYE, and Pension. • Ensure compliance with the Tax Act regulations. • Interpreting tax legislations and carrying general tax planning. Corporate Secretaryship. • Prepare Agenda, Notices, Minutes and Ensuring meetings are conducted and legally constituted. • Implementation of Board resolutions. • Presenting in Board Meetings and Finance Committee Meeting financial reports and other related reports
  • Group Finance ManagerFull Time

    MADZ ENGINEERING & CONTRACTING GROUP

    Jan 2008 - Dec 2011 -3 yrs, 11 months

    Zimbabwe , Harare

    • Job Details:DUTIES & RESPONSIBILITIES: • Direct and oversee all aspects of Finance, Accounting, Projects, IT, HR, Security, Payroll, and benefits administration. • Formulate the overall financial strategy and coordinate all the activities of the Finance and administration department. • Co-ordination of group wide deployment of liquidity, and planning to avoid liquidity stress points. Treasury management and cost control. • Provide timely and accurate reporting and analysis of financial results and financial trends. • Provide reporting of key performance indicators, receivables, credit management to all process owners, and lead in the development of financial frameworks. • Manage the preparation of consolidated group accounts and report on segment analysis. • Formulate budget preparation and monitor through forecast behavior patterns. • Develop and direct the implementation of strategic and operational business plans, projects, programs and systems. • Prepare and manage action plans for the departments and departmental heads. • Managing the costing of products and monitoring overheads against budgeted activities, and projects against critical path. • Managing the preparation of and presentation of operations reports for all SBUs Key Results Areas. (KRAs) Financial Reporting • Budget formulation and monitoring and assist SBU managers in formulation and maintenance of budgets. • Provide timely, accurate financial Information to C.E.O and analyzing financial highlights. • Analyzing and providing commentary on variance in Y.T.D period end costs and revenues and explaining on major costs drivers. • Supporting SBU managers in the formulation of cost and price so as to ensure incorporation of known costs. • Facilitate Planning, controlling of costs within SBUs areas of responsibilities. • Interpret the relationships between activity data and other key performance indicators in order to anticipate trends and identify weaknesses in activity systems and establish implications • Providing input in continued development of financial systems analysis and reporting mechanisms and financial control processes. • Monitor Capital expenditure purchases by keeping record of usage and condition through maintenance of registers. Monitoring purchases procedures and carrying period checks. • Set up & manage the preparation of consolidated group accounts for Board presentation. • Reviewing reporting format to comply with (IFRS) International Financial Reporting Standards and (IAS) International Accounting Standards. Financial Management • Planning Sources of finance, Budgeting Cash flows and Capitalization of the group. • Negotiating with financial Institutions, project planning and managing Investments. • Preparation of business plans for new and existing Businesses within the group`s strategies. • Managing Working capital through obtaining Debtors and creditor’s age analysis and daily banking. • Business and operation reviews through benchmarking with the industry trends. Administration • Structuring and streamlining company procedures and methods for efficiency. • Designing performance management report for senior management. • Act as the Chief Principal officer of the Insurance and Assurance committee • Administer senior management payroll and manage the reconciliations of payrolls for senior and operations staff. • Facilitate planning, recruitment, recording for senior management files. • Prepare salaries for senior management. • Checking the capital expenditure purchase for procedures and keeping record of usage and condition. Auditing • Review accounting systems and internal controls, and ensure compliance with the procedures. • Liaise with Internal and External Auditors. • Designing Audit checklists for the purpose of meeting deadlines on Audited Accounts. • Assign subordinates for Internal Audit checking on irregularities and risk management. • Carrying periodic checks on complex purchases and physical custody. Strategic Management • Prepare Strategic Objectives and Strategies for implementation and manage Action Plans. • Implement strategies as recommended by the Board and Finance Committee mandate. Risk Management. • Setting risk management objectives, identification, measurement, handling, implementation, monitoring and controlling. Risk & stress setting Taxation • Manage the preparation of VAT, Tax returns and Tax computations. • Manage the reconciliation of NSSA, PAYE, and Pension. • Ensure compliance with the Tax Act regulations. • Interpreting tax legislations and carrying general tax planning. Corporate Secretaryship. • Prepare Agenda, Notices, Minutes and Ensuring meetings are conducted and legally constituted. • Implementation of Board resolutions. • Presenting in Board Meetings and Finance Committee Meeting financial reports and other related reports
  • Education

    • CFA Level 1 in Finance & Investments

      CFA Institute

      Jan 2017 - Jan 2018 - 1 Year

    • CPA(Z) in Finance

      Public Accountants & Auditors Board

      Jan 2012 - Jan 2013 - 1 Year

    • High School - Other

      Ascot Secondary

      Jan 1995 

    Achievements

    • Capitalization of the group to 45 million in Total Assets by seeking funding for the Group companies. • Setting up accounting systems for the group companies. • Winning proposals for large Contracting projects in Civil Engineering. • Execution following FDIC procedures Achievements • Audited accounts for 2005, 2006, 2007 financial years. • Acquisition of a Manufacturing flour Milling company- (Clarelot Milling), • Creating our own Car rental brand-UTC Car rentals from Hertz Car rental. Opening up branches in Kenya, Ghana, Johannesburg and Uganda 1. The Montclair Hotel and Casino L****(Leading 4 star hotel),,website:www/montclaircasino resorts 2. Harare Safari Lodge L*** (Leading 3 star hotel.) Achievements; o Doubled the revenue base on each year. o Audited Accounts for 2001.2002, 2003, 2004, 2005.which were way behind. o Winning proposals for acquisition of Harare Safari Lodge. o Seeking funding through casino projects .e.g. Great Zimbabwe University opening.

    Skills

    • SAP,PASTEL,SAGE LiNE 500,EXCELL,POWERPOINT
    • Investment Management
    • Investments & Finance

    Languages

    • English

      Fluent

    Training & Certifications

    • FCIS

      CIS·2017
    • IFRS 9 and IFRS 15

      KPMG·2015
    • IFRS 9 and IFRS 15

      KPMG·2015
    • CPA(Z)-

      Public Accountants & Auditors Board·2013
    • ACCA IPSAS

      ACCA·2005
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