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Lebohang Mahlaku

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Lebohang Mahlaku

Financial Accountant at Lancet Laboratories




Professional details

Current Position(s)

Financial Accountant | Lancet Laboratories
2013 - present

Medical, Healthcare and Pharmaceuticals


Fixed Assets Accountant | Lancet Laboratories
2006 - present

Medical, Healthcare and Pharmaceuticals

Accounting System: Meditech

Tasks and Responsibilities:


Monthly General Ledger reconciliations;
Yearend schedules for AFS;
Clearing of Fixed Asset Control Accounts.
Reallocation of monthly operating expenses; and
Bookkeeping up to trial balance.


Student Assistant, Librarian | University of the Witwatersrand
2004 - present

Academia, Education and Training

Tasks and responsibility:

Administration work of library;
Check in and out books; and
Shelves reading and stock-taking.


Previous Position(s)


Treasury Accountant | Boehringer Ingelheim
2011 - 2012

Medical, Healthcare and Pharmaceuticals

Accounting System: Sage x3 and Navision

Tasks and Responsibilities:

Bank Reconciliation;
Cashbook management;
Monthly General Ledger reconciliations;
Year end schedules for AFS;
Clearing of Fixed Asset Control Accounts.
Reallocation of monthly operating expenses; and
Bookkeeping up to trial balance.


Fixed Asset Controller | National Health Lab Services
2011 - 2011

Medical, Healthcare and Pharmaceuticals

Accounting System: Oracle

Tasks and Responsibilities:

Acquisition of new assets;
Monthly General Ledger reconciliations;
Year end schedules for AFS;
Clearing of Fixed Asset Control Accounts.



Accounts Generalist | Etana Insurance Company
2009 - 2010

Accounting, Banking and Finance

Accounting System: Great Plains

Tasks and Responsible:

Overseeing the Accounts Payable function;
Reconciliation of creditors accounts;
Monthly posting of branch expenses;
Monthly analysis of Expense Variance Reports;
Completion of VAT return for the company;
Fixed Assets of the company;
Daily authorization of payments;
Compilation of Reinsurance schedules;
Preparation of SASRIA reports;
Assist branches with budgeting and forecasting;
Monthly allocation of Gross Written Premium into the General
ledger;
Monthly review of branch expenses and follow-up on major
variances.

Ad-hoc Projects

Centralization of the creditors functions from the branches to head office.
Implementation of the Great Plains GL system.


Group Accountant | Hollard Insurance
2007 - 2010

Accounting, Banking and Finance


Group Accountant and Payroll Accountant | The Hollard Insurance Company
2007 - 2009

Medical, Healthcare and Pharmaceuticals

Accounting System: Great Plains, VIP and Accountability

Tasks and Responsibilities:

Corporate Reporting;
Accounting for business combinations;
Consolidations for Subsidiaries; Associates and JV’s;
Maintenance of internal controls on payroll;
Monthly posting of Payroll costs;
Monthly payments for PAYE, Medical Aid and Fund Administrators;
Monthly analysis of Expense Variance Reports;
Compilation of management pack;
General Ledger Reconciliations and Bank Reconciliations;
Monthly Inter-Company Reconciliations;
Reconciliation of directors loans and other staff;
Fixed Assets of the company;
Preparation of the annual financial statements;
Monthly Car Package Reconciliation; and
Daily authorization of payments;
Completion of Statutory Returns;
Monthly review of Cashbook and recons;
Board Reports;
Monthly review of divisions expenses and follow-up on major
variances.

Ad-hoc Projects

Outsourcing of Payroll function. I was involved as an accountant, to ensure that the systems of the service provider match our General Ledger system. I am also ensured that the reports will comply with our reporting requirements.
Credit Rating of Hollard. I am ensured that the Global Credit Rating uses accurate numbers for our credit rating. I am ensuring that our Annual Financial Statements comply with the requirements of the credit rating, since we were reporting in accordance with International Financial Reporting Standards.


Cashbook Administrator | The Hollard Insurance Company
2006 - 2007

Accounting, Banking and Finance

Tasks and Responsibilities:

Monthly preparation of the group Bank Recons;
Liaising with the banks for unallocated deposits;
Banking cheques and postal orders;
Following up on External Audit queries; and overdrawn accounts.
Daily review of the group bank accounts


Internal Audit Trainee | The Hollard Insurance Company
2005 - 2005

Medical, Healthcare and Pharmaceuticals

Tasks and Responsibilities:

Forensic Assignments;
Financial Audits;
Secondments into other business divisions;
Research projects; and
Stock taking.


Student Assistant | Wits School of Arts
2003 - 2003

Medical, Healthcare and Pharmaceuticals

Arranging bookings of venues telephonically; and
Reception duties.

Educational history

Tertiary

Wits Business School

2014 - present

PDM - Business Administration and Management, General

UNISA

2006 - 2006

Post Grad Diploma in Acc Science - Commerce and Industry

University of South Africa

2006 - 2006

Post Graduate Diploma - Accounting Science

WIts Unversity JHB

2002 - 2004

Bcomm Accounts - Commerce and Industry

University of the Witwatersrand

2002 - 2004

Bachelor of Commerce - Internal Audit, Taxation

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