Frank Mhenyu
Norton
Summary
Highly skilled Chief Accountant with a background in streamlining financial operations and enhancing internal controls. Bring strengths in corporate accounting, regulatory compliance, and budget management. Expertise lies in implementing innovative accounting practices and procedures to improve efficiency and productivity. I have made significant impacts by identifying cost reductions and revenue growth opportunities in previous roles. Crafting financial policies and reports to support strategic decision-making, mentoring finance teams to enhance their skills and drive growth, and managing diverse financial operations from budget forecasting to audit compliance. I am eager to leverage my experience in guiding organizational financial strategy, aligned with growth objectives.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Chief Accountant
Village Health Works
08.2024 - Current
- Overseeing the day-to-day accounting operations, including establishing robust internal controls over accounts payable processes to ensure accurate processing of supplier invoices and payments, payroll processing, and review of bank reconciliations
- Managing and analyzing the revenue cycle of billing patients, collaborating closely with treasury staff to streamline cash collection processes
- Ensuring the integrity of the general ledger through precise recording and reconciling of financial transactions, accruals, and adjustments, contributing to accurate financial analysis
- Assisting in the preparation of month-end and year-end financial close processes, including detailed journal entries and account reconciliations
- Managing and modeling fixed assets registers, including updating records for acquisitions, disposals, and depreciation calculations
- Conducting periodic physical asset verifications, resolving discrepancies to improve operational finance and internal controls
- Working closely with the inventory accounting team, ensuring pharmaceutical and other inventories are accurately accounted for and physically counted
- Resolving finance queries from vendors and other internal and external stakeholders, enhancing stakeholder relationships
- Assisting the Financial Director with the preparation of comprehensive monthly management accounts, including the creation of income statements, balance sheets, and cash flows to support strategic financial decision-making
- Preparing budget variance analysis reports, providing insights to inform financial strategy development
- Assisting in the preparation of narrative explanations, offering commentary and insights to accompany financial reports, thereby highlighting notable financial events, risks, and opportunities for strategic finance planning
- Facilitating audit preparedness, ensuring compliance with financial regulations and operational finance procedures
- Collaborating with department heads and program managers to gather inputs for accurate financial modeling and strategic planning
- Assisting the Financial Director in developing an annual budget framework that aligns with organizational objectives and growth plans, supporting financial strategy formation
- Allocating budget to various departments, programs, and initiatives, based on strategic financial needs and funding availability
Senior Finance Officer
Zimbabwe Health Interventions (ZHI)
07.2023 - 07.2024
- Prepared periodic financial reports for submission to SMT and the funder as required
- Provided support to the Finance and Operations Director in budget forecasting, budget monitoring, and financial reporting
- Analysed budget patterns and project expenditures and inform senior management of any anticipated budget overruns
- Managed the operational cash account and develop cash flow projections for cash funded activities and ensure availability of cash
- Monitored receivable accounts and prepared monthly balance sheet reconciliations
- Reviewed expenditures to ensure that they were accurately recorded, adequately supported and were in line with ZHI policies and funder regulations ensuring that data integrity, internal controls, and audit trails were maintained throughout all transactions
- Assisted HR in the preparation of monthly payroll, tax, pension, and other statutory remittances
- Reviewed budgets and financial reports for sub-recipients
- Build the capacity of finance staff in financial management support and reporting and provide professional support to them
- Ensure availability of funds for program activities through timely submission of request for funds to the funder
- Support the process of developing cost proposals in response to RFA's, RFP's and unsolicited proposals for new funding opportunities as needed
Finance and Administration Manager
Fambidzanai Permaculture Training Centre
11.2022 - 06.2023
- Developed, review, recommend updates to, and maintain policies and procedures relating to financial and operations management in alignment to grant agreements, donor rules and regulations
- Led the setup, customization, and maintenance of the electronic and manual financial management processes
- Led the preparation of advance cash requests to donors, based on program projections, and oversee the correct and accurate treatment of donor income, including disbursements for internal implementation
- Oversaw organizational expenditures/payments processes to ensure correct, accurate, timely and compliant treatment of all expenses/payments
- Led the tracking and control of expenditures within donor approved obligations and budgets and made recommendations for timely corrective action
- Oversaw the training of staff on accounting, finance and administration related hardware and software to support efficient and effective operational management of resources
- Developed templates for operations reporting and provided timely and accurate reports on all operations management processes to support efficient and evidence-based decision making by senior management
Program Finance and Operations Specialist
Voluntary Services Overseas
08.2021 - 06.2022
- Rolled out grant management policies and procedures and ensured adherence by all stakeholders
- Reviewed budgets for new grant and contract documents before further review and signing
- Conducted grant start-up and close-out procedures/meetings etc
- To ensure adherence to VSO policies and donor rules
- Maintained files for each grant which includes comprehensive information such as signed contracts/ agreements, approved budgets, financial reports, contract modifications, funds requests and any other communications with the donor
- Reviewed and ensured sub-grantee budgets are effectively managed and expenditure monitored on a regular basis
- With support of the cluster manager, established effective reporting tools and templates for sub-grantees
- Analysed all sub-grantee expenditure documentation and invoicing to ensure compliance with donor rules and that expenditure is within budget
- Rigorously followed up on pending accountabilities for all partner advances
- Regularly monitored all local partners' capacity and came up with trainings to equip them with necessary skills
- Timely processed of all grants and financial transactions ensuring accuracy and completeness
- Completed month end closure procedures with high accuracy
- Maintained the donor reporting timetable ensuring timely reporting
- Prepared the Budget Variance Analysis reports for each individual grant in the portfolio
- Kept track, monitored, and reconciled all invoices/funds requests to donors and ensured follow up is done
- Reviewed to confirm the authenticity of purchases of goods and services
- Posted all invoices, claims, advances, and liquidations on a minimum of weekly into SUN
- Timely prepared monthly payroll, making sure all statutory payments are submitted to appropriate authorities
Senior Finance Officer
Accountability Lab
07.2020 - 08.2021
- Created donor budgets during proposal development
- Reviewed sub-grantee budgets and cash forecasts
- Attended to donor queries during budget formation and revision processes
- Performed budget variance analysis and provided solutions to SMT
- Designed a spending tracking tool to align implementation and spending
- Captured journals into the QuickBooks
- Produced monthly management reports for senior management team meetings
- Assisted the Finance Manager with financial reports and dashboards for meetings
- Reviewed and consolidated the partner financial reports and submitted to the donor on a monthly basis
- Reviewed bid analysis documents during procurement to ensure reasonability, allowability and allocability
- Ensured that all financial transactions are in accordance with ALZ financial policies
- Reviewed monthly payrolls before payment to ensure accuracy
- Staff supervision, mentoring and capacity building to ensure their technical capability
- Participated and guided the tender processes in terms of budget availability and sourcing requirements according to the donor rules
Grants Accountant
World Vision
07.2019 - 07.2020
- Worked with SO manager and officers to come up with grant budgets that supported program designs, and were in line with the WVZ budgeting guidelines, specific donor guidelines and formats and Support office recommendations
- Translated donor budget formats to LEAP budget format (or any future standard budget that WVI recommended) and posted the full budget into the planned budgets screen of SunSystems for donor reporting purposes
- Report Consolidation- Prepared the financial reports to the donor and this included reviewing and consolidating financial reports from partners for submission to the Support Office/Donor
- Communicated with the Support Office on PBAS commitments and, as soon as possible, advise the Finance Manager of any challenges in getting the commitments on PBAS for his/her support and follow up
- Design and implement a spending tracking system to make sure all expenses are within budget before signing any requisition
- Participated in FFR review meetings with SO manager and Program staff giving advice of any deviations from planned spending, with recommendations for corrective actions to avert variances that are outside of the donor flexibility rules
- Reviewed monthly balance sheet ledger reconciliations, analysed and followed up for clearance, any balance sheet items that relate to the assigned grant
Finance and Logistics Officer
SNV
02.2014 - 07.2019
- Prepared monthly project reports (Finance and Time)
- Coordinated other Project Finance Administrators to prepare monthly reports in the agreed format, check for errors in booking through checklists and file the reports
- Handled procurement and logistical requirements for the ENSURE office
- Supported proper filing of documents for ease of reference and audit purposes
- Supported the design of and implementation of effective process flows
- Ensured compliance with SNV's policies and procedures and various donor regulations
- Designed and executed sub-grantee monitoring processes, including conducting assessments and site visits
- Prepared grant budget-to-actual reports and partnered with program and development staff to ensure restricted funds are used in accordance with donor guidelines
- Ensured proper preparation of Financial Statements, cash books, list of expenses, bank accounts reconciliations
- Advised management on regulations that may impact the organisational programs and policies
Audit & Accounting Supervisor
Novellus Consulting Chartered Accountants
02.2012 - 02.2014
- Conducted risk analysis of clients' business to develop appropriate audit plans to address identified risks and to ensure accurate reporting
- Assisted the audit manager in the preparation of the audit strategy and business plans, setting and monitoring budgets, scheduling audits
- Performed all pre-engagement activities (this included, performing client take on procedures for new clients, performing an engagement evaluation, preparing engagement mandates, etc.)
- Examined and evaluated the organization's financial and information systems, management procedures, and internal controls to ensure records and controls were accurate
- Contributed to the development of assistants through on the job and in house training and performance evaluation
- Carried out the quality assurance role on the work of each member of staff through supervisory review of work done, and coordinated any other quality assurance/peer review processes that will give assurance to clients and the firms' management on the quality of the products and services provided
- Drafted and discussed the Audit reports with Management that covered a detailed description of internal control weaknesses, the risks and recommendations for improvement
- Promulgated adjusting journals to clients' financial statements as and when there was need
- Audited Schools, private businesses, NGOs and Councils
- Reviewed interim results in preparation of the year-end audits
- Prepared monthly management accounts for clients
Bookkeeper
Annual Trading (Pvt) Ltd
02.2011 - 01.2012
- Banked daily income received from farmers
- Analysed revenue expenditure trends and recommend appropriate budget levels and ensure expenditure control
- Prepared monthly management accounts
- Debtors and creditors reconciliation
- Computed, remitted and filed all statutory dues
- Prepared the monthly payroll
- Ensured sufficient availability of working capital
Education
Master’s in Business Administration, Business Administration & Management-Finance -
University of Zimbabwe, ZWE
01.2019
BSc (Hons) in Applied Accounting, Accounting & Finance -
Oxford Brookes University, UK
09.2013
ACCA Professional Qualification, Accounting & Finance -
ACCA, UK
02.2012
Skills
- Relationship Management
- Team Building
- Time Management
- Planning
- Budgeting and Forecasting
- Complex Project Management
- Analytical Skills
- Business Planning
- Strategy Formulation
- Communication
- Capacity Building
- General ledger accounting
- Internal controls
- Fixed asset management
- Variance analysis
- Presentation
- Financial Strategy
- Operational Finance
- Audit preparation
- Attention to detail
- Effective communication
- Team collaboration
- Financial reporting
- Budget management
- Cash flow forecasting
- Regulatory compliance
- Tax return preparation
- Debt management
- Internal controls auditing
- Annual budget preparation
- Accounts payable and receivable
- Month-end closing
- Procedure development
- IFRS expertise
- Compliance requirements
- General ledger management
Certification
- Prevention of Sexual Exploitation and Abuse (PSEA), UNICEF, 01/01/16
- Introduction to Sustainable Finance, Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH, 01/01/20
- Harmonized Approach to Cash Transfers (HACT), UNICEF, 01/01/20
- Project Finance, Mind Cypress, 01/01/23
- Accounting Fundamentals, Corporate Finance Institute, 01/01/23
- Financial Management Fundamentals, DisasterReady, 01/01/24
- Mastering Asset Management, Save the Children International, 01/01/24
Accomplishments
- Created the expenditure monitoring tool for Accountability Lab that increased efficiency significantly.
- Successfully handled Big 4 Financial Systems audits with unqualified reports, (BDO, EY, PWC, Grant Thornton, and Deloitte).
- Crafted the motor vehicle, cash on hand policy and the finance manual for Accountability Lab Zimbabwe and Fambidzanai.
- Crafted the Grants Management Manual for Accountability Lab Zimbabwe.
- Designed the Audit Memorandum for Novellus Consulting Chartered Accountants.
- Designed the Financial Reporting template that was being used for client audits.
- Designed the audit templates for the manual audit process at Novellus Consulting Chartered Accountants.
- Trained SNV Zimbabwe colleagues on the new SAP ByDesign system in 2017.
- Trained and successfully managed 36 Rural District Councils' finance departments that were implementing the Rural Water Information Management Systems (RWIMS) Project on Donor Regulations.
- Led the SNV Country Council as the Chairperson in 2017 that was working on employee welfare adjustments.
References
- Phillip Goredema, Agrifood Systems Coordination Specialist, FAO, philgore02@gmail.com, +263772977647
- Catherine Masenyama, Senior Officer Harare Cluster, IFRC, cmasenyama@gmail.com, +263772789736
- Ignatius Katembo, Finance and Operations Services Director- World Vision Sierra Leone, ignatius_katembo@wvi.org, +23279781499
Languages
- English, Proficient
- Shona, Native
- Swahili, Elementary proficiency
Board Appointments
PaHukama National Youth Oryxes Foundation, Board Member, 09/01/23, Present
Affiliations
- Led the SNV Country Council for the year 2016
Languages
Shona
First Language
English
Proficient (C2)
C2
Timeline
Chief Accountant
Village Health Works
08.2024 - Current
Senior Finance Officer
Zimbabwe Health Interventions (ZHI)
07.2023 - 07.2024
Finance and Administration Manager
Fambidzanai Permaculture Training Centre
11.2022 - 06.2023
Program Finance and Operations Specialist
Voluntary Services Overseas
08.2021 - 06.2022
Senior Finance Officer
Accountability Lab
07.2020 - 08.2021
Grants Accountant
World Vision
07.2019 - 07.2020
Finance and Logistics Officer
SNV
02.2014 - 07.2019
Audit & Accounting Supervisor
Novellus Consulting Chartered Accountants
02.2012 - 02.2014
Bookkeeper
Annual Trading (Pvt) Ltd
02.2011 - 01.2012
Master’s in Business Administration, Business Administration & Management-Finance -
University of Zimbabwe, ZWE
BSc (Hons) in Applied Accounting, Accounting & Finance -
Oxford Brookes University, UK
ACCA Professional Qualification, Accounting & Finance -
ACCA, UK
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