Milton Mupfumira

Work History

Senior Financial Consultant

Moyana and Associates Chartered Accountants

Johannesburg, South Africa

09.2020 - 09.2022

Great opportunity to provide professional value add comments and assist in directing business growth aspects for clients.
My varied and vast operational experience over the years had sharpened my skills and ability to pinpoint key areas of concern, limitation and growth in business operations thus making it easy to provide practical solutions to the real issues faced by the clients.
Special focus on client P&L set ups with practical solutions and recommendations for clients to trim costs without negatively impacting growth and turnover contributions during this time.
Assisting clients in achieving tax compliance while deriving financial cashflow benefits arising from on going asset acquisitions permissible within the ambit of the law in South Africa and the region.
Answered clients' questions regarding details of financial plans and strategies and explained data in easy-to-understand terms.
Consulted with clients to assess and meet short- and long-term financial goals.
Developed and deepened relationships with new and existing clients to advance progress and improve business.
Promoted business to increase customer base and grow revenue.
Evaluated earnings performance to provide clients with in-depth ratings.
This opportunity presented an outstanding way to round off my practical operating experience by returning to focus on professional accounting and administrative services. I feel I am fully equipped to assume an operational / managerial role in a business that is poised for growth while focusing on remaining reasonably profitable during the establishment phase.
I resigned from this organization having relocated to New Jersey USA in September 2022.

Chief Operating Officer

Ebenezer Transport Operations

Johannesburg, South Africa

02.2010 - 03.2020

I operated as a professional business partner in a bus and truck transport business which operated a pool of up to 12 buses at times transporting clients from Johannesburg South Africa to Harare, Bulawayo and Gweru Zimbabwe. There were also trips to other African countries such as Malawi, Mozambique and Zambia.
The buses where mainly hired for the purposes of transporting clients during peak times of the month and year. I continued to gain good operations and logistics experience with transportation and warehousing of goods through the hiring of trucks and transportation of FMCG to Harare Zimbabwe.
Maximized profits through reducing expenditures and evaluating prices.
Hired, trained, evaluated and retained high-performing, effective and diverse team embodying organizational culture.
Organized and oversaw capital improvement projects to maintain business viability.
Standardized and optimized scheduling and managed labor costs by leveraging labor management tools.
Provided organizational leadership and collaborated with executive partners to establish long-term goals, strategies and company policies.
Oversaw technological improvements, successfully reducing waste and eliminating business bottlenecks.
Improved profitability by accurately maintaining P&L to meet prime fiscal responsibility.
Developed and refined short- and long-term strategies to drive growth and profitability.
Maintained productive relationships and communication channels across organization.
Led organizational development changes, enabling organization to better respond and adapt to industry and market changes.
Achieved private banking client status for myself with one of South Africa s biggest banks during this period.
Covid made it impossible to continue to operate this business and I left it to assume a management value adding role in a professional services firm.

Chief Executive Officer

Fast Track Liquor Investments

Durban, South Afria

05.2005 - 03.2009

Jointly acquired 100% of this ZAR240 million (US$40 million) turnover Liquor and beverage redistribution business for $2million dollars. A South African bank (ABSA) financed $1.6 million in loans for the acquisition backed by a 25% stake which was to be later sold to my company that held the 75% stake. I and a private partner contributed a total US$400,000 to the purchase price and hence effectively owned 37,5% each.
Developed long-range plans for business growth, resulting in 200% increase in annual sales from R240million pa ($40 million) in 2004/2005 to R900 million pa ($150 million) 2008/2009.
Drove revenue up by over 200% by cultivating successful client relations and negotiated mergers with smaller competitors that did not necessarily have the requisite buying power to achieve economies of scale. From one distribution warehouse, we grew to 4 huge wholesale warehouses and 6 decent sized retail operations.
Company grew to become the largest independent redistributor of spirits & liquors in Southern Africa and was awarded as such by the brand manufacturers of Smirnoff and Johnie Walker range of whiskies for 2006 and 2007. (Brandhouse Suppliers and Distell Corporation)
Awarded several international trips to Europe and USA as a result of consistent growth and market domination.
Operated and efficiently maintained a fleet of 30 delivery box trucks and vans and in the end had acquired 2 horses and trailers as the operation expanded.
Led organization by establishing business direction and actualizing operational plans to meet goals.
Built strategic business partnerships by cultivating relationships with employees and experts.
Negotiated and approved contracts between company and distributors, suppliers and other external entities.
Established and oversaw strategic business actions and streamlined operations.
Oversaw budgetary and financial activities and implemented strategies to grow business and profits.
Monitored business trend forecasts and adjusted budgets and operational plans to maximize growth and opportunities.
Monitored company performance by measuring and analyzing results and minimizing impact of variances.
Checked financial reports to confirm financial soundness and good operating margin.
Conducted thorough interview processes to appoint new department heads.
Provided organizational leadership and collaborated with executive partners to establish long-term goals, strategies and company policies.
Exceeded sales goals through upselling and cross-selling within existing client base as well as strategically attracting new business.
Absorbed, hired, trained and mentored over 300 staff members to maximize productivity.
Signed and approved budgets for new funding and program initiatives.
The operation halted as a result of misunderstanding amongst the shareholders resulting in premature liquidation that led to my personal sequestration in 2009 for 10 years.

Audit Manager

Deloitte

Pretoria, South Africa

08.2004 - 04.2005

One of the team of Audit Managers at head office of 24 billion rand (US$4 billion) turnover telecommunications group listed on Johannesburg Stock Exchange with subsidiaries in Tanzania, Congo, Mozambique and Lesotho. Great consolidation audit exposure.
Managed several other clients with teams of up to 8 staff on some.
Managed completion of planned audits, reviewed records and procedures for accuracy to accomplish objectives and appraised policies and plans under audit review.
Organized and deployed resources to execute audit plans.
Made recommendations to resolve compliance audit findings.
Applied audit fundamentals to identify risks and develop action plans.
Carried out in-depth audits using Audit Systems 2 software.
Collected and analyzed financial data to identify improvements for controls and compliance.
When I left this office, the partners asked me to delay my departure by another 3 months as I had made a very positive contribution and boosted morale amongst staff in the firm due to my passion to develop others and excel.
I left Deloitte to enter into business as an economic empowerment partner and CEO of the R240 million rand (US$40 million) turnover liquor and beverage distributor, Fast Track Liquor Investments.

Audit Supervisor

Deloitte

New York, NY

08.2001 - 06.2004

As a senior worked on various clients in FMCG including Church & Dwight, a shopfront manufacturing and advertising company.
Audit Senior on Tutogen Medical Inc, a US$100 million turnover surgical implants supplier which was listed on the American Stock Exchange.
Audit Senior on Colony Liquors, a US$250 million turnover liquor and beverage distributor in Kingston New York for 3 years gaining significant exposure to the fast moving consumer goods industry and developed a passion to enter the FMCG industry as an entrepreneur.
Made recommendations to resolve compliance audit findings.
Assessed compliance risk, developed audit work plans and documented findings.
Applied audit fundamentals to identify risks and develop action plans.
Met with stakeholders to discuss compliance audit plans and results, explaining options for improvement.
Managed and coached teams of up to 4 individuals on audit projects.
Moved from this position to become Audit Manager in Pretoria South Africa mainly as a result of the poor health of my parents at that time.

Audit Semi Senior

Deloitte

New York, NY

09.2000 - 07.2001

My main assignment for this period was audit responsibility of key sections being investments, property plant & equipment and expenditure on the SE listed entity, Triarc Beverages which had acquired the Snapple brand in 1997 for US$300 million and then in October 2000, sold that business to Cadbury Schweppes for US$1 billion.
Exciting auditing, general business acquisition and disposal experience gained on this job. I excelled as a staff audit member / senior and achieved notable billable hours producing great quality work which led to my promotion skipping 3 levels in the firm within my first year in Deloitte USA.

Deal Administration Manager

Real Africa Durolink South Africa

Harare, Zimbabwe

11.1997 - 08.2000

South African based, listed investment bank with approximately R350 million in turnover (US$70 million) which employed me in this role operating out of the Harare Zimbabwe office as a result of my financial, cultural and language background as a Zimbabwean.
Dealt with periodic rollover of financial instruments, management of cashflows and implementation of all new tax beneficial structures implemented for the benefit of our consumer goods manufacturing and distribution clients. Loans to clients were facilitated by us through subsidiaries of major international banks, Barclays and Standard Bank.
Exciting role which I left because of the fast deteriorating economic situation in Zimbabwe at that time. I moved to Deloitte USA after 3 years.

Audit Trainee

Deloitte and Touche

Harare, Zimbabwe

01.1993 - 11.1997

Trained with Deloitte and Touche after High School and studied for my degree part time during the process. All basic experience to become CPA was gained here.
Notable P&L review and audit experience gained through the audit of a Zimbabwe billion dollar turnover (US$200 million) sugar cane estate which was was also the miller and producer of sugar for local and export sales. I excelled and produced commendable work on the income statement audit, exposing several errors and value add points which had never been identified in previous years. My performance was deemed to be of such a high standard that i was annually assigned to this client for the duration of my stay in Deloitte Harare being supervisor on it by my fourth year in the firm.
Audit exposure to a large variety of clients over the years including a beer manufacturing plant unit of the largest listed company in Zimbabwe, senior on a listed departmental clothing store, senior on three gold mine audits, senior on plastic manufacturing client and varied audit client site visits for asset verification and inventory counts.
Worked under supervision of auditors to develop working knowledge of company's audit approach, tools and methods.
Set up audit work paper files and developed client documentation request list.
Created audit papers and reports after audits to comply with legal and external regulations.
Reviewed petty cash disbursements, purchasing card transactions and travel expense reports for compliance with policies, procedures and internal controls.
Audited financial statements and business operations to identify control deficiencies and operational challenges.
Performed fraud investigation and identified fraudulent behavior through auditing.
Performed audits of operational and financial areas to check compliance.
Analyzed balance sheets for mistakes and inaccuracies.
Oversaw full accounting cycle and prepared applicable financial statements.
Left Deloitte to join an investment bank client (Real Africa Durolink) which I had audited as a senior and management had been impressed by my work ethic and value add comments.

Summary

Overview

Work History

Senior Financial Consultant

Chief Operating Officer

Chief Executive Officer

Audit Manager

Audit Supervisor

Audit Semi Senior

Deal Administration Manager

Audit Trainee

Education

Bachelor of Science - Accounting And Computer Science

Skills

Languages

Timeline

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