Madalitso Dzumbila
Blantyre
Summary
Strategic and results-oriented business leader with experience in Accounting and Finance operations, Treasury Management, strategy, planning, and operations. Skilled in developing and executing business plans to maximize profitability, streamline operations, and maintain compliance with industry regulations. Proven people leader who motivates and optimizes staff performance and productivity.
Overview
14
14
years of professional experience
Work History
Finance Manager
Afrigaming International Pty Limited
Blantyre, Malawi
04.2025 - Current
- Financial reporting, ensuring compliance with local regulations
- Developing and implementing budgeting processes, enhancing resource allocation efficiency.
- Overseeing general ledger posting and reconciliations
- Directing financial audits, identifying areas for cost reduction and process improvement.
- Mentoring finance team, fostering professional development and enhancing departmental performance.
- Analyzing financial data to support strategic decision-making and long-term planning initiatives.
- Implementing financial modeling tools to project future revenues and expenditures accurately.
- Collaborating with cross-functional teams to align financial objectives with organizational goals.
- Responsible for internal controls through regular audits and adherence to regulatory requirements.
- Cash flow management with proactive monitoring of accounts receivable and payable, leading to increased liquidity.
Finance Manager
Ecogen Malawi Limited
LILONGWE, CENTRAL REGION, Malawi
11.2023 - 04.2024
- Oversee strategic business development, project management, business analysis, and budgeting functions
- Establish company accounting systems and manage financial reporting, financial analysis, costing, and pricing activities
- Lead efforts to source sustainable finance for the company; manage internal auditing and implement controls to minimise fraud and errors
- Responsible for Warehouse management practices and systems to maintain a shrinkage level of 0.1%
- Overseeing import logistics involving demand planning, ordering, shipping, and clearance of all inbound
- Completing and presenting periodic finance operations review package to the CEO and board
- Tracking and logging expenses, ensuring spending remained within approved budgets
- Preparing management accounts and budget-holder reports, identifying significant trends and variances
- Training and mentoring of junior finance team members in accounting processes to enhance overall team performance
- Identifying opportunities for cost-reduction and conducted reviews and evaluations to assess impact and feasibility
- Establishing and maintaining of productive client relationships
- Ensure compliance with local taxes and VAT, submit necessary associated reports (VAT, tax withholding, and others) as required
- Mentored junior finance staff, fostering professional development and strong team dynamics
- Increased financial efficiency by streamlining and automating financial reporting processes
- Analyzed market trends to advise on potential investment opportunities, aligning with long-term strategic goals
- Optimized cash flow with diligent monitoring of accounts receivable and payable
- Collaborated with IT to develop secure, efficient electronic invoicing system, reducing processing times and errors
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy
- Spearheaded annual budgeting process, ensuring alignment with strategic goals and facilitating smoother departmental operations
- Led negotiations for major contracts, achieving favorable terms and significant cost savings
- Managed cross-functional teams to streamline project financing, reducing time to market for key products
- Implemented risk management strategies to protect company assets and minimize losses
- Implemented cost-control measures that substantially decreased unnecessary expenditures
- Played key role in strategic planning sessions, offering insights that shaped company direction and growth
Accountant
Brands Africa Malawi Limited
Blantyre, MW
12.2018 - 10.2023
- Preparing draft financial statements, developing and managing the performance of subordinates in achieving of agreed strategy, business plans and budgets
- Developing of financial policies and procedures, assisting senior Managers in financial management and reporting activities, collecting and analyzing data, which is then used in the preparation of weekly and monthly estimates
- Preparing weekly and monthly cash flow statements, monitoring cash accounts, bank reconciliations and petty cash to ensure accuracy and compliance
- Working closely with other departments to develop an accurate and realistic budget and monitoring actual financial performance against the budget and providing regular financial forecasts to aid in decision-making
- Performing accounting controls by implementing policies and procedures, coordinate with various departments and perform analysis on aged debtors, creditors, accruals and intercompany balances
- Maintenance of Fixed Asset Register
- Review of control accounts and reconciliation, reconciliation of debtors account & Creditors accounts, coordinating of Van sale stock takes
- Maintenance of ledger accounts up to trial balance
- Preparing of foreign and local payments
- Responsible for HR duties
- Assisting in yearend external audit closing, accomplished multiple tasks within established timeframes
- Applying customer feedback to develop process improvements and support long-term business needs
- Ensuring compliance with tax requirements through timely review and submission of all taxes
- Managed cash flow effectively, ensuring all company liabilities were met in a timely manner and surplus funds were invested wisely
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts
- Optimized cash flow management, ensuring adequate liquidity for operational needs without compromising investment opportunities
- Developed and maintained strong relationships with external auditors, ensuring smooth and efficient audit process
- Facilitated smoother audit processes by maintaining organized and comprehensive financial documentation
Operations Administrator
Brands Africa Malawi Limited
02.2018 - 11.2018
- Reduced operational costs by identifying areas of inefficiency and implementing cost-saving measures
- Assisted in the development of strategic plans for business growth while maintaining a focus on operational efficiency
- Managed inventory levels effectively, reducing waste and optimizing resource utilization throughout the organization
- Maintained accurate records related to financial transactions or personnel information ensuring confidentiality at all times
- Streamlined operations by implementing efficient processes and procedures for administrative tasks
- Enhanced communication between departments through regular meetings, reports, and updates
- Facilitated collaboration across departments fostering teamwork resulting in successful completion of complex projects
- Mentored junior staff members, providing guidance and support to enhance professional growth and skill development
- Assisted with documenting key processes and procedures and security protocols
- Implemented business strategies, increasing revenue, and effectively targeting new markets
Credit Controller
G4S SECURE SOLUTIONS LIMITED
12.2014 - 01.2018
- Supported the financial health of the business through diligent oversight and prompt action on any deviations from established credit control guidelines
- Enhanced company reputation through professional communication with customers, resolving disputes, and negotiating payment plans
- Increased collection rates through proactive account management and regular follow-ups with clients
- Streamlined the credit control process by developing a comprehensive debtor management system
- Maintained accurate records of all communications related to debtor management for audit purposes
- Supported sales teams by providing accurate credit information for new and existing customers
- Assisted in maintaining a healthy cash flow by promptly identifying and addressing potential credit risks
- Minimized bad debts by conducting thorough credit assessments for new clients and regularly reviewing existing client profiles
Bursar
RADSON (PVT) SECONDARY SCHOOL
10.2014 - 11.2014
- Payment of bills, salaries and other expenses, writing of cash receipts, management of school stores, responsible for reconciliation and reimbursement of petty cash, preparing students bills and collecting all fees, making cash deposits on daily basis, maintaining of accounts records
Audit Clerk
RAB PROCESSORS LIMITED
10.2013 - 10.2013
- Assisted in the preparation of comprehensive audit reports, presenting findings to management for informed decision-making
- Enhanced audit efficiency by streamlining processes and implementing automated systems
- Provided valuable insights into process improvements based on thorough analysis of audit findings
- Received daily reports and supporting documentation for routine audits and promptly reported any discrepancies for further review
- Investigated daily expenses and compared to expected expenditures to help identify discrepancies and fraud
- Reviewed and submitted accounting paperwork such as vouchers, invoices and statements with high accuracy
- Researched cash variances, investigated root causes and corrected problems with detail-oriented approach
General Clerk
ADMARC LIMITED
07.2011 - 11.2011
- Filling documents, going out on routine work collecting cash, coupons, any other duties assigned from time to time by the management
Education
Chartered Accountant(Pending) - Accounting
Association of Chartered Certified Accountants (ACCA)
Bachelor of Science (B.S.) - Accounting
Exploits University
Financial Modeling & Valuation Analyst Certificate - Accounting and Finance
Corporate Finance Institute (CFI)
Diploma in Accounting and Finance - Accounting
Association of Chartered Certified Accountants (ACCA)
Skills
- Financial audits
- Continuous improvement
- Transfer pricing
- Variance analysis
- Performance reviews
- Budget forecasting
- Revenue recognition
- Credit analysis
- Financial reporting
- Regulatory compliance
- Financial analysis
- Internal controls
Personal Information
Nationality: Malawi
Timeline
Finance Manager
Afrigaming International Pty Limited
04.2025 - Current
Finance Manager
Ecogen Malawi Limited
11.2023 - 04.2024
Accountant
Brands Africa Malawi Limited
12.2018 - 10.2023
Operations Administrator
Brands Africa Malawi Limited
02.2018 - 11.2018
Credit Controller
G4S SECURE SOLUTIONS LIMITED
12.2014 - 01.2018
Bursar
RADSON (PVT) SECONDARY SCHOOL
10.2014 - 11.2014
Audit Clerk
RAB PROCESSORS LIMITED
10.2013 - 10.2013
General Clerk
ADMARC LIMITED
07.2011 - 11.2011
Bachelor of Science (B.S.) - Accounting
Exploits University
Financial Modeling & Valuation Analyst Certificate - Accounting and Finance
Corporate Finance Institute (CFI)
Diploma in Accounting and Finance - Accounting
Association of Chartered Certified Accountants (ACCA)
Chartered Accountant(Pending) - Accounting
Association of Chartered Certified Accountants (ACCA)