MAKATLEHO MEI KHORONG
Lesotho
Summary
Senior Investment Accountant with extensive experience in settlements and accounting, recognized for teamwork and improvement of financial reporting accuracy. Proficient in investment accounting, systems, and compliance with IAS/IFRS standards, demonstrating strong problem-solving and planning capabilities. Committed to driving operational efficiency and providing valuable financial analysis that supports decision-making in a fast-paced investment environment.
Overview
12
12
years of professional experience
Work History
Senior Investment Accountant
CENTRAL BANK OF LESOTHO
09.2020 - Current
- Manage the accounting and reporting of investment portfolios, including complex investment transactions and valuations.
- Lead Investment and Reconciliation Accountants, delegating tasks, and reviewing their work for quality assurance.
- Utilize the investment accounting system to accurately capture and report investment data, identifying potential system errors and improvements.
- Ensure accurate accounting for all financial instruments in compliance with IAS and IFRS.
- Approve and review accounting entries for fees, bank charges, and interest.
- Stay updated on changes in accounting standards, and implement updates relevant to reserves management accounts.
- Oversee the settlement, accounting and reconciliation of all investment-related accounts.
- Monitor and analyze investment-related expenditures to ensure accuracy and compliance.
- Collaborate with internal and external auditors, providing necessary documentation and support during audits.
- Assist in the preparation, execution, and monitoring of the divisional work plan and budget.
- Supervise and guide the Accounting section to ensure efficient operations, compliance with regulatory requirements, and adherence to financial policies.
- Develop and enhance internal controls to strengthen financial reporting accuracy.
- Ensure timely preparation and submission of financial reports.
- Analyze financial data to identify trends, and provide insights for decision-making.
- Implement best practices in financial reporting to enhance accuracy.
- Monitor the market trends and regulatory changes that affect foreign trade settlement and liquidity management.
Settlement Accountant
CENTRAL BANK OF LESOTHO
08.2018 - 08.2020
- Executed confirmations and settlements for foreign trades, adhering to market requirements and internal procedures.
- Facilitated fund transfers for commercial banks to address liquidity needs.
- Authorized foreign payments in banking systems for Government of Lesotho and Central Bank of Lesotho.
- Processed fund transfers in Treasury systems based on liquidity requirements from Front Office or dealers.
- Captured and authorized cash flow movement reports in PAT2 for accurate tracking.
- Reconciled Central Depository System to optimize settlement processes.
- Prepared redemption letters to inform commercial banks of upcoming settlements.
- Prepared withholding tax certificates and made payment to LRA
- Supervised Assistant Accountant, ensuring compliance with policies and providing operational guidance.
Acting Senior Accountant- Settlements
CENTRAL BANK OF LESOTHO
10.2019 - 05.2020
- Verified and authorized deals for Forex, Money Markets, and Fixed Income in Treasury module and SWIFT Alliance.
- Executed security interventions in SWIFT to manage Correspondent Banking relationships.
- Verified and authorized transactions in the Portfolio Analytics Tool (PAT).
- Supervised Assistant Accountant and identified skills gaps to recommend training initiatives.
- Ensured compliance with regulatory requirements related to treasury operations.
- Monitored and analyzed financial transactions to detect anomalies and mitigate risks.
- Collaborated with IT and risk management teams to enhance security protocols.
- Maintained and enhanced relationships with financial institutions and other key stakeholders.
- Prepared reports for senior management on treasury activities and performance.
Senior Accountant
LEHAKOE RECREATION AND CULTURAL CENTRE
11.2016 - 07.2018
- Prepared and presented management accounts to the LRCC Board, providing financial insights for decision-making.
- Led budget preparation and monitoring to ensure financial stability and cost control.
- Administered payroll, ensuring compliance with tax regulations and employee benefits.
- Maintained and updated the Fixed Asset Register for accurate asset tracking.
- Managed cash flow and liquidity to optimize financial performance.
- Reviewed and approved bank account reconciliations to ensure financial accuracy.
- Conducted revenue and income analysis to support strategic planning.
- Reconciled debtors and creditors subsidiary ledgers with the general ledger for financial accuracy.
- Managed relationships with banks, auditors, and key stakeholders to support financial operations.
- Supervised and mentored an Accountant and two Assistant Accountants, ensuring efficient workflow.
Auditor
MNM AUDITORS
08.2016 - 11.2016
- Conducted audit planning to establish audit objectives and procedures.
- Prepared and reviewed working papers to ensure audit accuracy.
- Performed audits, identified financial discrepancies, and reported findings to the Senior Auditor.
Intern
LESOTHO NATIONAL DEVELOPMENT CORPORATION
07.2016 - 08.2016
- Facilitated the deregistration process of Mountain Kingdom Foods (MKF).
- Managed stock disposal to streamline operations.
- Prepared MKF's annual financial statements for submission to the Lesotho Revenue Authority (LRA) and LNDC.
Temporary Auditor
MOTEANE QUASHIE & ASSOCIATES
05.2016 - 06.2016
- Developed audit plans and set audit scopes.
- Reviewed and prepared audit working papers to ensure compliance with audit standards.
- Conducted audit procedures and reported findings to the Senior Auditor.
Finance Manager
MOUNTAIN KINGDOM FOODS (LESOTHO NATIONAL DEVELOPMENT CORPORATION & OBTALA PROJECT, MASIANOKENG)
12.2013 - 11.2015
- Managed payroll administration and employee HR-related financial matters.
- Maintained the cashbook and ensured accurate financial records.
- Oversaw inventory control to align stock levels with operational needs.
- Processed purchase orders and ensured timely procurement.
- Responded to customer and supplier inquiries, enhancing financial operations.
- Maintained accounts receivable and payable ledgers to track financial transactions.
- Ensured compliance by filing PAYE, fringe benefits tax, withholding tax, VAT, and corporate income tax.
- Managed relationships with banks, auditors, LNDC, and other external stakeholders.
- Prepared and presented management accounts and financial reports to the board.
- Conducted variance analysis in production costs and reported findings to the Managing Director.
- Supervised accounts clerks and administrative staff, ensuring efficiency and compliance.
Acting Senior Accountant
LESOTHO FUNERAL SERVICES (HLOTSE)
08.2013 - 11.2013
- Maintained cashbook and prepared monthly bank reconciliations for six accounts.
- Processed purchase orders and reviewed invoices for accuracy before payment.
- Managed accounts receivable and payable to ensure accurate financial tracking.
- Ensured tax compliance by filing PAYE, fringe benefits tax, withholding tax, VAT, and corporate tax.
- Liaised with banks, auditors, and stakeholders on financial matters.
- Prepared financial statements and management accounts for reporting purposes.
- Developed cash flow forecasts for monthly distribution to board members.
- Supervised account clerks and sales personnel to enhance operational efficiency.
Assistant Consultant
BASOTHO CANNERS
06.2013 - 06.2013
- Conducted expense analysis to identify cost-saving opportunities.
- Classified costs for accurate financial reporting.
- Performed production unit costing to determine profitability.
- Developed pricing strategies based on cost structures and market trends.
- Computed break-even points to guide financial decision-making.
Education
CERTIFICATE IN TREASURY MANAGEMENT -
ASSOCIATION OF CORPORATE TREASURERS
10-2023
CHARTERED ACCOUNTING -
CENTER FOR ACCOUNTING STUDIES
12-2013
GENERAL ACCOUNTING -
CENTER FOR ACCOUNTING STUDIES
06-2012
TECHNICIAN ACCOUNTING -
CENTER FOR ACCOUNTING STUDIES
06-2011
DIPLOMA IN TREASURY MANAGEMENT (In Progress) -
ASSOCIATION OF CORPORATE TREASURERS
trueSkills
- Ambitious
- Charismatic
- Cooperative
- Creative
- Determined and focused
COMPETENCIES
- Team leadership and coordination
- Detail-oriented
- Planning and organizing
- Problem solving
- Deciding and taking action
- Communication and presentation
TECHNOLOFY AND SYSTEMS
- Microsoft
- SWIFT
- Reserves Management System
- Core Banking System
- Central Depository System (CSD)
- SAGE 300
- RTGS
References
Available on request
Languages
- English
- Sesotho
Personal Information
Title: Senior Investment Accountant
Languages
English
Full Professional
Sesotho
Full Professional
Timeline
Senior Investment Accountant
CENTRAL BANK OF LESOTHO
09.2020 - Current
Acting Senior Accountant- Settlements
CENTRAL BANK OF LESOTHO
10.2019 - 05.2020
Settlement Accountant
CENTRAL BANK OF LESOTHO
08.2018 - 08.2020
Senior Accountant
LEHAKOE RECREATION AND CULTURAL CENTRE
11.2016 - 07.2018
Auditor
MNM AUDITORS
08.2016 - 11.2016
Intern
LESOTHO NATIONAL DEVELOPMENT CORPORATION
07.2016 - 08.2016
Temporary Auditor
MOTEANE QUASHIE & ASSOCIATES
05.2016 - 06.2016
Finance Manager
MOUNTAIN KINGDOM FOODS (LESOTHO NATIONAL DEVELOPMENT CORPORATION & OBTALA PROJECT, MASIANOKENG)
12.2013 - 11.2015
Acting Senior Accountant
LESOTHO FUNERAL SERVICES (HLOTSE)
08.2013 - 11.2013
Assistant Consultant
BASOTHO CANNERS
06.2013 - 06.2013
CERTIFICATE IN TREASURY MANAGEMENT -
ASSOCIATION OF CORPORATE TREASURERS
CHARTERED ACCOUNTING -
CENTER FOR ACCOUNTING STUDIES
GENERAL ACCOUNTING -
CENTER FOR ACCOUNTING STUDIES
TECHNICIAN ACCOUNTING -
CENTER FOR ACCOUNTING STUDIES
DIPLOMA IN TREASURY MANAGEMENT (In Progress) -
ASSOCIATION OF CORPORATE TREASURERS
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