Summary
Overview
Work History
Education
Skills
References
Personal Information
Certification
Work Availability
Timeline
Languages
Interests
Software
Generic

Butholezwe Clarance Mlilo

Victoria Falls

Summary

Proficient Chief Financial Officer with 12 years of experience in strategic financial planning, risk management, and corporate finance. Proven ability to drive profitability, reduce costs, and streamline operations through innovative financial strategies. Committed to leading financial teams with integrity, fostering a culture of accountability, and delivering shareholder value. Seeking to leverage my expertise in a dynamic organization that values strategic financial leadership. Experienced in operating in volatile and fluid regulatory environment through stabilizing cash management, forecasting cash flows and budgeting.

Overview

21
21
years of professional experience
1
1
Certification

Work History

Chief Finance Officer

Shearwater Adventures
Victoria Falls
03.2013 - Current
  • Reported financial results to the board of directors and shareholders on quarterly and annual board meetings
  • Led the management and strategic vision for all financial departments in the 4 countries of operations
  • I was part of the team which spearheaded regional growth through new expansions totaling $3M, resulting in group revenue growth from $10M to plus $16M.
  • Structured and implemented cost cutting and working capital management strategies during Covid 19 to ensure the company's survival during the pandemic.Overheads were cut by $7.5m
  • Assisted in the group restructure to divest the company from being part of a listed group to a private entity
  • I worked closely with the CEO to rapidly expand the group into regional countries through mergers and acquisitions. I was involved in due diligence , reviewing partnership agreements and creation of financial and accounting structures.
  • I oversaw the financial operations of subsidiary companies and foreign operations
  • Led a team designing and implementing an in-house bespoke Integrated Reservations, Point of Sale, Accounting, Operational and Administration system which was successfully rolled out and adopted.
  • Successfully led and implemented accounting software upgrade from Pastel Partner to Pastel Evolution.
  • I set up the Quality Control and Internal Audit function for the group for first time
  • Led a team which drafted the group Standard Operating Procedures through to adoption
  • Developed tax strategies to adapt to the country aggressive taxation regime and rolled out mitigation measures
  • Managed the capital request, capital raising for projects and budgeting processes
  • Managed the accounting, audit,human resources, investor relations, tax, and treasury
  • Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
  • Oversaw the IT, Software development, HR and Secretarial functions of the businesses.

Group Finance Manager

Shearwater Adventures
Victoria Falls
10.2008 - 02.2013
  • Prepared and analyzed financial statements to inform executive decision-making.
  • Conducted reviews and evaluations for cost-reduction opportunities.
  • Led financial reporting processes, ensuring compliance with accounting standards and regulations.
  • Managed relationships with tax authorities, bankers and auditors.
  • Created presentations for board meetings summarizing key financial metrics and performance indicators.
  • Assisted in the preparation of quarterly tax filings for various jurisdictions in which the group operates.
  • Coordinated with external auditors to facilitate annual audits and improve financial processes.
  • Prepared monthly consolidated financial statements and reports for senior management review.
  • Managed and forecasted cash flow to ensure sufficient liquidity for operations and investments.

Group Accountant

Shearwater Adventures
Victoria Falls
09.2005 - 09.2008
  • Managed fixed asset accounting activities including capital expenditure tracking and depreciation calculations.
  • Managed and trained team members to enhance audit department performance and increase operational efficiency.
  • Provided support to external auditors during quarterly reviews and year-end audits.
  • Assisted in the preparation of annual budgets and forecasts.
  • Developed and maintained internal control systems to ensure compliance with GAAP principles.
  • Reconciled intercompany transactions between divisions within the group.
  • Assisted in preparing cash flow projections based on current trends and market conditions.
  • Maintained accurate records of all transactions related to group accounts.
  • Oversaw full accounting cycle and prepared applicable financial statements.
  • Performed ad hoc analyses as requested by senior management or board members.
  • Coordinated the month end close process with various departments across the organization.
  • Monitored balance sheets and income statements to evaluate financial performance.

Graduate Accountant

Hwange Colliery Company Limited
Hwange
01.2004 - 08.2005
  • Reconciled month-end totals for timely and accurate reporting of financial information.
  • Assisted with preparation of monthly financial statements.
  • Compiled and analyzed financial information to prepare entries for general ledger accounts.
  • Managed supplier accounts and built lasting relationships with suppliers.

Education

Master of Business Administration (MBA) -

National University of Science and Technology (NUST)
Bulawayo, Zimbabwe
01.2013

Association of Chartered Certified Accountants (ACCA) Professional Ethics Certificate -

01.2013

Bachelor of Commerce Accounting (Honours) -

Midlands State University
01.2003

Skills

  • Financial Reporting and Analysis
  • Cash Flow Management
  • Investment appraisals
  • Corporate Governance
  • Financial Analysis Modeling
  • Regulator Knowledge and Oversight
  • Statutory reporting
  • Financial Management and control
  • Leadership and talent development
  • IFRS Reporting
  • Budget process and management
  • Business restructures, mergers and acquisitions
  • Corporate Finance and Fundraising
  • Strategy implementation
  • Group Consolidations
  • Tax Planning and Compliance
  • Working Capital Management
  • Negotiation and contract management
  • Monitoring and evaluating results
  • Business Intelligence Tools

References

  • Mr. Nigel Nani, The Deputy Managing Director, Wilderness Safaris, P.O Box 288, Victoria Falls, Zimbabwe, nigeln@wilderness.co.zw, +263-83-2843371/2/3, +263-775 727594
  • Mr. Ntokozo Mlilo, The Group Human Resources Manager, Shearwater Adventures, P.O Box 125, Victoria Falls, Zimbabwe, +263-772303344, ntokozo@shearwatervf.com

Personal Information

  • Passport Number: FN591023
  • Date of Birth: 09/02/81
  • Gender: Male
  • Marital Status: Married

Certification

Association of Chartered Certified Accountants (ACCA) - Fellow Member (FCCA)

Institute of Chartered Accountants of England and Wales (ICAEW) – Associate Member (ACA)

Registered Public Accountant with the Public Accountants and Auditors’ Board of Zimbabwe (PAAB)

Associate member of the Institute of Certified Tax Accountants of Zimbabwe (ICTA)-Associate Member (AICTA)

Registered Tax Accountant and Practitioner with Public Accountants and Auditors Board (PAAB)

Institute of Risk Management of South Africa (IRMSA) - Associate Member

Work Availability

monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline

Chief Finance Officer

Shearwater Adventures
03.2013 - Current

Group Finance Manager

Shearwater Adventures
10.2008 - 02.2013

Group Accountant

Shearwater Adventures
09.2005 - 09.2008

Graduate Accountant

Hwange Colliery Company Limited
01.2004 - 08.2005

Master of Business Administration (MBA) -

National University of Science and Technology (NUST)

Association of Chartered Certified Accountants (ACCA) Professional Ethics Certificate -

Bachelor of Commerce Accounting (Honours) -

Midlands State University

Languages

Ndebele
Native language
English
Advanced (C1)
C1

Interests

Playing Chess

Visiting different places around the world

Playing golf

Studying

Charity work

Software

Sage Evolution

Power BI

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Butholezwe Clarance Mlilo