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Nyika Chimombe

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Nyika Chimombe

"Zimbabwe based proffessional accountant"


Currently resides in: Mashonaland Central Province, Zimbabwe

Born 17-08-1981 in Chivhu Zimbabwe

I am a young Institute of Chartered Accountants Zimbabwe (ICAZ) award winning professional accountant and registered assessor with vast experience in mining, auditing, financial accounting and taxation. I currently work for Metallon Gold Zimbabwe-Shamva Mine as the Acting Head of Finance reporting to the General Manager and responsible for all mine reporting, finance, trade payables, procurement, stores, Information Technology (IT) and payroll processing and management. I have been holding this post since March 2014 and have also acted in this position for 10 months from June 2012 to March 2013. Before I was promoted to this post I was the Chief Accountant for Shamva Mine from October 2010 reporting to Head of Finance. Before I joined Metallon Group in 2010, I was with Deloitte Harare where I did articles of clerkship for three years. I was a top performer and rose through the ranks to the position of Audit Senior. I was responsible for the audit of both listed and non listed entities in manufacturing, telecommunications, retail, agriculture, mining and NGOs.

I was the best student in the 2009 ICAZ Professional Practice Examination (PPE) in Zimbabwe, 7th in the ICAZ Final Qualifying Examination (FQE) and was 2nd in the ICAZ Zimbabwe Certificate in Theory of Accounting (ZCTA/Bcompt Unisa) exams nationally. I was also the best student in Financial Accounting and Taxation in the Zimbabwe Certificate in Theory of Accounting (ZCTA) exams nationally. I graduated from the University of Zimbabwe with a first class Honours Degree in Accounting in 2007.

Contact details

O: +263772236819

M: +263773361414


Business Address

Shamva, Shamva, Zimbabwe


Professional details

Current Position(s)

Head of Finance/Finance Manager | Finance | Metallon Gold Zimbabwe
Shamva, Zimbabwe | March 2014 - present

Mining, Energy and Natural Resources

Responsible for all mine finance, financial reporting, management reporting, procurement, IT, stores and payroll processing activities and reporting to the Mine Manager/General Manager.
Attending mine management meeting and participating in decision making.
Preparing strategic documents and presentation thereof to executive committee.
Planning, organizing, controlling and evaluation of departmental activities against set targets.
Co-ordination and preparation of mine capital and operating expenditure budgets.
Procurement of mine materials and consumables and negotiating terms with suppliers, contract administration
Processing of management payroll and review of middle management payroll.
Participating in mine project meetings and ensure accurate and timeous transfer of assets from WIP to PPE
Procurement, planning and organizing collecting of raw materials, consumables and spares in time to avoid production stoppages
Communication with key supplier representatives on restructuring plans, payment plans and supplier agreements.
Advising management on legal and other requirements like Income Tax Act, Vat Act and corporate governance issues
Communication with banks and resolving issues.
Budget Preparation -Capex and Opex and application for capital expenditure
Working Capital management
Managing supplier, bankers, lawyers and other stakeholder’s relations.
Attending HOD/management meetings and contribute in decision making
Report to Group Finance Director on financial and reporting matters
Report to Site/Mine General manager on operational matters
Managing external audits
Implementing and enforcing accounting and internal controls
Ensure compliance with site and group policies
Ensure compliance with SHE policies and procedures
Funding SHE projects and programs
Preparation GM's executive committee presentation and commentary paper.
Preparation of FD's board pack and other presentation papers as required
New project investment appraisal. Appraisal of projects using NPV, IRR and payback making recommendations to management and executive committee.


Previous Position(s)

Deputy Finance Manager | Finance | Metallon Gold Zimbabwe
Shamva, Zimbabwe | 2010 - 2013

Mining, Energy and Natural Resources


Audit Senior | Audit & Assurance | Deloitte
Harare, Zimbabwe | 2008 - 2010

Consulting and Project Management

Educational history

Secondary

Liebenberg High School, Chivhu, Zimbabwe (2002)

Tertiary

Accounting Professional Training

Cape Town, South Africa | 2009 - 2009

Diploma in Auditing - Auditing

University of South Africa

Pretoria, South Africa | 2008 - 2008

BCompt Honours Accounting - Accounting

Majoring in accounting, management accounting, auditing and taxation

Institute of Chartered Accountants Zimbabwe

Harare, Zimbabwe | 2008 - 2008

CTA-Certificate in Theory of Accounting - Accounting, Management Accounting, Taxation & Auditing

Institute of Chartered Accountants Zimbabwe

Harare, Zimbabwe | 2008 - 2009

Chartered Accountant CA Z - Accounting, Management Accounting, Taxation & Auditing

University of Zimbabwe

Harare, Zimbabwe | 2003 - 2007

Bachelor Of Accountancy Honours - Accounting

Achievements

Awards

Best TIPP Student in Zimbabwe | 2009

I was the best student in the final professional practice (PPE) exam in the Training Inside Professional Practice (TIPP) category

Academic Achievements

Best student in Applied Financial Accounting and Taxation with Distinction in the Bcompt Honours Degree/CTA | 2008

I got distinctions in applied financial accounting and taxation and was the best student in the two subjects

Best student nationally in the PPE exam of ICAZ | 2009

I was the best student in Zimbabwe in the Professional Practice Exam.

Number 7 natinally in the ICAZ Qaulifying Exam | 2009

I was in the top ten nationally in the ICAZ qualifying examination

Number 2 nationally in the BCompt Honours UNISA/CTA | 2008

I was the second best student in Zimbabwe in the BCompt Honours Degree/CTA

First Class Degree in Accountancy | 2007

I obtained a first class degree in accountancy with University of Zimbabwe

Activities

Memberships

Institute of Chartered Accountants Zimbabwe

Member, October 2014 - present

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