Mainga Bwalya

Curriculum vitae

Work History

Work History
Sep 2012 - Present

Finance Director

Eltech Investments Ltd., Lusaka, Zambia

Prepare quarterly and annual Financial Statements like Profit and Loss Accounts, Balance sheet, Cash flow Statement ; prepare monthly Staff Payroll; Prepare monthly bank reconciliations, Submit monthly  and annual returns to Zambia Revenue Authority and NAPSA ; prepare and submit monthly VAT returns; keep track of Company and staff debtors and creditors; Liaise with company bankers to obtain funding for company work orders

Aug 2008 - Jul 2012

Valuations Analyst-Assistant Manager

Royal Bank of Canada Offshore Fund Managers, St. Peter Port, Guernsey

Oversee the valuation process for a portfolio of investments which included Private Equity Funds of Funds and Hedge funds of Funds. Prepare monthly/quarterly stock reconciliations for respective hedge funds; prepare monthly/quarterly bank reconciliations for respective hedge funds; prepare monthly/quarterly Profit and Loss Accounts and Balance Sheet for respective hedge funds; Prepare the Net Asset Valuation Calculation for individual funds as per agreed reporting dates and deadlines and facilitate the Hedging process for clients exposed to currency and exchange risk. I was also in charge of facilitating payment of client account fees Liaise and respond to client account queries. I worked with Internal Finance teams to manage annual account audits, prepared schedules for auditors as required and helped to investigate variances. I also attended periodic meetings with Managers and clients

Jan 2006 - Jul 2008

Account Executive-Aon

AON Insurance Managers, Hamilton, Bermuda

Prepare monthly/quarterly management accounts for a portfolio of Captive Insurance Companies ;prepare client annual Financial Statements ,prepare client annual Statutory Reports, coordinate and manage annual account audits ;facilitate payments of client Captive expenses, communicate with external auditors and consulting teams. I served as prime contact to the client and ensure the client is fully informed of Captive progress, logistics and delivery dates for key reports required Monitoring client Statutory filings with the Bermuda Monetary Authority and ensuring compliance with directive, liquidity and Solvency Ratios . 

Jan 2003 - Dec 2005

Audit Senior

Ernst & Young, Lusaka, Zambia

Worked with Various clients from Banking to Telecommunications Sector Exposure to several accounting environments in different industry sectors resulting in increased accounting awareness Develop planning skills and project management and a result of managing several projects, some with short reporting deadlines; execution of annual audit assignments and various audit summary memorandums; project management; developing and maintaining client relationships; coaching of assisting junior audit staff

Jan 2000 - Dec 2000

Audit Trainee

KPMG, Lusaka, Zambia

Assisting in the audit of a diverse portfolio of clients in the Public Sector. I developed knowledge of business and financial accounting, taxation and auditing skills  and acquired insight into various business environments

Jan 1997 - Dec 1997

Trainee Accountant

Zambia Electricity Supply Corporation, Lusaka, Zambia

Assist the Department Accountant with reconciling of the  company Account Receivables in particular staff loans and advances; preparing purchase authorisation documentation and reconciliation to purchase invoices; assist with reconciliation of monthly VAT receipts/ payments and completion of monthly VAT Returns to the Zambia Revenue Authority

Education

Education
Jun 2006 - Dec 2006

Certificate in ARM (Associate Risk Management)

AICPCU, Bermuda
  • Risk Assessment
Jan 1998 - Dec 2002

ACCA (Associate Chartered Certified Accountant)

Emile Woolf colleges, London, UK
  • Business Planning and Development
  • Advanced Corporate Reporting
  • Strategic Financial Management
  • C. and Decision Making
  • Accounting and audit Practice
  • Tax Planning
  • Information Analysis
  • Audit Framework
  • Tax Framework
  • Managerial Finance
Jan 1996 - Dec 1997

AAT (Associate Accounting Technician)

ZAMIM ( Zambia Institute of Mananagement Studies, Chilanga, Zambia
  • Cash and credit transactions
  • Financial Accounting
  • Cost Accounting
  • Reports and returns
  • Cost analysis and control
  • Budgetary control
  • Activities and Projects
  • Financial Statements
  • Cash management and credit control
Jun 1995

GCE O-levels

Lake Road PTA Trust school, Lusaka, Zambia