1. CURRICULUM VITAE: SIBONGUBUHLE
SITUNDA
Personal Information:
Surname: Situnda
Name: Sibongubuhle
Nationality: South African
Identity number: 841228573085
Gender: Male
Drivers’ License: Code C1
Language ability: English, IsiXhosa, IsiZulu and
SeTshwana
Address: 12 Middleton
Mooikloof Ridge
Garsfontein Road
Pretoria East
0081
Contact numbers: 083 966 2406
012 431 0588 (w)
E-mail Address: buhle8412@gmail.com
Education:
Institution: North – West University (Potch
Campus)
Qualification obtained: B. Com (Hons) Financial Accountancy
Period: 2015 – In Progress
Major Subjects: Audit and Corporate Governance,
Advanced IFRS and Group Statements
(Financial Accounting) and Applied
Research in Financial, Management
Accounting and Finance and Taxation.
Institution: University of Pretoria
Qualification obtained: B. Comm (Hons) Taxation
Period: 2010-2011
Major Subjects: Advanced Taxation, International Tax,
Corporate Tax, Individual Tax,
Municipality Tax, Farming Tax, Mining
Tax, Insurance tax Value added Tax,
Capital gains tax, Donations Tax, Estate
duties, Tax on trust accounts etc.
Institution: Walter Sisulu University of Technology (Unitra)
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2. Qualification obtained: B. Comm Accounting
Period: (2003 – 2006)
Major subjects: Financial Accounting, Management
Accounting,
Finance and Taxation.
High School (Matric): Khanyisa High School (2000-2002)
Subjects: Accounting, Economics, Mathematics,
English, IsiXhosa and Biology.
Additional Training:
 Scientific Report Writing (University of Pretoria)
 SAICA updates;
 Strategic Management Accountant Summit Class 2010;
 GRAP and IRFS workshops;
 Accounts payable system;
 PFMA and Treasury Regulations;
 Pay as you earn (PAYE) - Calculation of individual tax i.e. PAYE and SITE, Fringe
benefit, Allowances, use motor vehicle, calculation of SDL & UIF;
 Value added tax (VAT) – VAT registration, VAT calculation, input and output tax.
Work Experience:
November 2009 to July 2011: Financial Service Board (FSB) – Finance
Assistant Account Payable Accountant (Supervisor)
• Check payments;
• Process monthly accounting entries;
• Prepare assigned GL balance sheet reconciliation and analysis of various
amounts;
• Conduct monthly recurring journals according to the checklist;
• Analyse Income Statement;
• Analyse PFA and Ombuds expenses monthly;
• Assist in budget preparation for the satellite offices (Office of FAIS Ombuds &
OPFA)
• Monitor local and overseas travel and report timeously thereof follow-up if
outstanding and report wastage to Senior Expense Accountant;
• Prepare Central Budget and assist in Departmental Budget;
• Prepare and distribute management and accounting information e.g Budgets &
Variance Reports;
• To ensure queries raised in managements accounts are resolved on time;
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3. • To assist department heads to adjust budget forecast;
• Ensure that all departments output are achieved and are incompliance with
established – timelines;
• To help the heads of department to analyse early warning reports ( Management
account);
• Assist my subordinates with technical accounting principles;
• Report to Senior Accountant;
• Attend departmental account queries.
October 2013 to date: Council for Medical Schemes – Financial Supervision
Financial Analyst
Duties including (but not limited to):
• Analyse, Interpret and deal with Statutory Annual, annual Financial Statement
and Quarterly financial returns;
• Analyzing management accounts and business plan.
• To assess the true financial position and performance of Medical Aid Schemes;
• Monitoring adherence to the Financial Requirements Act;
• General compliance with the Medical Aid laws in adherence with the
department’s Operating Management System;
• Monitor the solvency of Medical Aid Schemes;
• Budget analysis for Medical Schemes;
• Evaluate liquidation applications to ensure the fair and equitable treatment of
members in terms of the legislation and the rules of the Scheme;
• Assist in preparation of accurate and comprehensive Annual Reports for the
Registrar for submission to Parliament;
• Attend to enquiries and complaints from administrators, trustee, employers and
members to provide them with information regarding the Act, the Regulations and
Policy of the CMS;
• Participate in team work and assist with projects as assigned within the set
deadlines;
• Monitor investment exposure of Medical Scheme.
• Prepare memorandum on exemption applications in certain aspects of the Act.
• Write report for internal and external stakeholders
• Monitor and approve yearly contribution increases for medical schemes
• Conduct investigation on possible noncompliance of the act
August 2011 to September 2013: Financial Service Board (FSB) – Pension Prudential
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4. Senior Financial Analyst
Duties including (but not limited to):
• Ensure that Funds complies with Pension Fund Act;
• Analyse, Interpret and deal with statutory annual and quarterly financial returns;
• To assess the true financial position and performance of Pension funds;
• Monitoring adherence to the financial requirements Act;
• Prioritise medium to high impact and high risk funds and societies to ensure
compliance with Pension Fund Act, Regulation, Directives, Circulars, and
Registered Rules;
• Analyse medium to high impact Financial Statements, Statistics and Audit
Reports to ensure;
• Evaluates the appointments of Auditors and Actuaries;
• Monitor liquidation processes;
• General compliance with the Pension Laws in adherence with the department’s
Operating Management System;
• Evaluate liquidation applications to ensure the fair and equitable treatment of
members in terms of the legislation and the rules of the Fund;
• Prepare accurate and comprehensive annual reports for the Register for
submission to Parliament;
• Attend to enquiries and complaints from administrators, trustee, employers and
members to provide them with information regarding the Act, the Regulations and
Policy of the FSB;
• Participate in team work and assist with projects as assigned within the set
deadlines.
• Liaise with Pension fund industry
• Issue query letters on my findings.
September 2007 to October 2009: South African Revenue Services (SARS) – Audit
(Enforcement), Gauteng North (Pretoria)
Team Member: Audit
Duties including (but not limited to):
• Plan, perform and finalize field and desk audits as assigned to by the team leader,
accurately and systematically to ensure compliance with the Income Tax Act to
reduce refunds and optimize tax collection;
• Analyze and interpret annual financial statements in terms of IFRS and International
Accounting Standards;
• Examine and verify accuracy of the taxpayer’s records;
• Collect audit evidence by interviewing taxpayer, documents generated by taxpayers,
analyzing data, observation;
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5. • Complete audit working papers to justify adjustment made to a taxpayer’s assessment,
in the event that the assessment is objected to;
• Liaise with taxpayers, their representatives and other professional people to assist
them in complying with the relevant tax regulations;
• Raise and adjust assessments according to the findings of each audit in order to rectify
the final tax liability of the taxpayer;
• Liaise with Collection staff in respect of tax liability resulting from audit intervention;
• Process objections and appeals in respect of cases audited to facilitate the finalization
of tax liability;
• Identify, report and escalate significant fraud cases and issues for criminal
investigations;
• Liaise with Law Administration staff in respect of contentious issues;
• Respond to queries from taxpayers to provide the client service, improve visibility
and compliance and ensure transparency;
• Responsible to provide client service in accordance with the client service charter to
enhance compliance and the image of SARS;
• To share knowledge with colleagues to assist with their experience and knowledge
and to contribute to their development;
• Identify, evaluate and analyze audit risk;
• To conduct field audit in taxpayer premises.
February 2007 to August 2007: SigaCapital Pty Ltd
Assistant Accountant (Business Finance)
Duties including (but not limited to):
• Assist in ratio analysis;
• Analysis of financial statement;
• Reporting to senior personnel for findings;
• Screening the companies if qualifies for debt funding;
• Ensure the companies comply with relevant acts;
• Budget analysis;
• Report writing;
• Admin work.
Strengths:
Computer Skills: MS Office Package (World, Excel,
Power Point, Internet etc)
SAP
SARS Core Tax and Front-End Systems
Accpac Accounting system, Oasis
reporting systems
Pastel
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6. Interpersonal and communication Skills: Teamwork; Conflict management;
Negotiating for acceptable solutions;
Presentation of views; Effective listening
and reading.
Intellectual Skills: Obtain, Locate, Organise and Understand
information, Critical analysis and
reasoning.
Personal Skills: Self-management; Initiative, Self-
learning; Prioritising; and Adaptability.
Familiar with the following laws & regulations: Income Tax Act, VAT Act, Companies’
Act, PFMA, Pension Fund Act Medical
Schemes Act, King Report III as well as
other departmental and companies’
policies.
Referees:
1. NameName : Ms P Nqabeni
CompanyCompany : Financial Service Board (FSB)
PositionPosition : Senior Expense Accountant
Office NumberOffice Number : 084 600 7211
2. Name. Name : Mr. KF Mabena
CompanyCompany : Financial Service Board (FSB)
PositionPosition : Senior Analyst
Cell NumberCell Number : 083 958 3824
3. NameName : Mr. K Mahobye
CompanyCompany : Council for Medical Scheme
PositionPosition : Financial Analyst
Cell NumberCell Number : 012 431 0564
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7. Interpersonal and communication Skills: Teamwork; Conflict management;
Negotiating for acceptable solutions;
Presentation of views; Effective listening
and reading.
Intellectual Skills: Obtain, Locate, Organise and Understand
information, Critical analysis and
reasoning.
Personal Skills: Self-management; Initiative, Self-
learning; Prioritising; and Adaptability.
Familiar with the following laws & regulations: Income Tax Act, VAT Act, Companies’
Act, PFMA, Pension Fund Act Medical
Schemes Act, King Report III as well as
other departmental and companies’
policies.
Referees:
1. NameName : Ms P Nqabeni
CompanyCompany : Financial Service Board (FSB)
PositionPosition : Senior Expense Accountant
Office NumberOffice Number : 084 600 7211
2. Name. Name : Mr. KF Mabena
CompanyCompany : Financial Service Board (FSB)
PositionPosition : Senior Analyst
Cell NumberCell Number : 083 958 3824
3. NameName : Mr. K Mahobye
CompanyCompany : Council for Medical Scheme
PositionPosition : Financial Analyst
Cell NumberCell Number : 012 431 0564
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