GILBERT SAIKA

Finance Director (Executive)
Bindura, ZW.

About

Highly accomplished Finance Executive with 16 years of progressive experience, poised to leverage deep expertise in financial reporting, management, and treasury to drive profitability and growth. Proven track record in optimizing working capital, ensuring robust compliance, and strategically aligning financial strategies with core business objectives. Seeking a dynamic executive role that fosters innovation and continuous learning, contributing significantly to an organization's financial success and talent development.

Work

Side Eletrical (Private Limited)
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Finance Director

Bindura, Mashonaland Central, Zimbabwe

Summary

Led the full financial function for Side Eletrical, overseeing reporting, compliance, and strategic financial management to ensure profitability and growth.

Highlights

Created and reviewed financial policies, establishing robust procedures and recruiting/training staff to enhance financial controls and processes.

Spearheaded the entire financial function, ensuring accurate, timely, and compliant financial reporting in accordance with IFRS.

Approved quarterly and annual financial statements, ensuring adherence to IFRS and company policies for presentation to the Managing Director and Board.

Maintained strong internal control systems, safeguarding data integrity and protecting company assets.

Managed all liquidity issues and approved cash/payments allocation to optimize financial flow.

Led the budgeting process, overseeing implementation and analysis while ensuring strong financial oversight of operational and capital expenditures.

Collaborated with operational and technical executives to align performance metrics, budgets, and financial results, driving strategic coherence.

Oversaw all internal and annual audits, reporting findings to the Audit Committee and Board, and coordinating improvements with internal auditors.

Implemented a transparent, cost-effective procurement system, ensuring adequate material availability and efficient working capital management.

BNC (Group Mining Company)
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Treasury/Financial Accountant

Bindura, Mashonaland Central, Zimbabwe

Summary

Supervised all Treasury Department activities and staff, managing financial reporting, cash flow, and compliance for a group mining company.

Highlights

Prepared Monthly, Quarterly, Half-year, and Annual Financial results in strict accordance with IFRS.

Managed all compliance issues, ensuring adherence to regulatory requirements and internal policies.

Conducted cash flow forecasting and management for approximately USD8 million per month, optimizing liquidity and financial stability.

Supervised all annual audit processes, addressing queries and ensuring successful completion.

Formulated and maintained internal financial processes and controls through strategic planning initiatives.

Managed working capital for the company, overseeing approximately USD5-6 million per month to ensure operational efficiency.

Prepared weekly and monthly management investment reports, providing critical insights for decision-making.

Managed relationships with all Financial institutions (banks and other financial institutions), optimizing banking services and credit facilities.

Prepared daily treasury reports and cash flow projections for the group company, enhancing financial visibility.

Supervised foreign payments (Wire Transfers) and receipts, planning and reviewing expenditures against budget to ensure fiscal discipline.

Monitored daily cash balances, ensuring all bank accounts and operations were adequately funded.

Supervised all bank reconciliations, maintaining accuracy and integrity of financial records.

Formulated and maintained treasury policies through strategic planning, establishing robust financial guidelines.

Monitored creditors, petty cash, and payroll sections for daily payments scheduling and cash flow management, ensuring timely disbursements.

BNC (Group Mining Company)
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Acting Finance Manager

Bindura, Mashonaland Central, Zimbabwe

Summary

Managed departmental activities including human resources, financial reporting, and strategic planning for a group mining company in an acting capacity.

Highlights

Supervised all departmental activities, including human resource and staff management, ensuring efficient operations.

Collected, interpreted, and reviewed financial statements to provide insights for management and stakeholders on future business decisions.

Prepared Monthly, Quarterly, Half-year, and Annual Financial results in line with IFRS, ensuring accurate and timely reporting.

Formulated and maintained internal financial processes and controls through strategic planning to minimize financial risk.

Supervised all annual audit processes, addressing queries and ensuring compliance.

Managed project financing, overseeing financial aspects of key initiatives.

Reviewed, monitored, and managed budgets, optimizing resource allocation and expenditure.

Developed strategies to minimize financial risk, enhancing the company's financial resilience.

BNC (Group Mining Company)
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Financial Accountant

Bindura, Mashonaland Central, Zimbabwe

Summary

Managed all departmental activities, financial reporting, and compliance, while formulating and implementing financial objectives for a group mining company.

Highlights

Supervised all Departmental activities including human resource and staff management, ensuring operational efficiency.

Prepared Monthly, Quarterly, Half-year, and Annual Financial results in line with IFRS, ensuring accuracy and compliance.

Formulated internal financial controls to minimize financial risk and safeguard company assets.

Formulated and maintained internal financial processes and controls through strategic planning.

Supervised all annual audit processes, addressing queries and ensuring regulatory compliance.

Formulated and implemented company financial objectives and targets, providing financial analysis and guidance to support strategic decisions.

Managed budget formulation and monthly monitoring, ensuring adherence to financial plans.

Managed tax and other statutory compliance, ensuring the company met all legal obligations.

Trojan Nickel Mine (Head Office)
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Assistant Financial Accountant

Bindura, Mashonaland Central, Zimbabwe

Summary

Assisted in preparing group monthly financial results, consolidating statements, and managing cash books, ledgers, and inter-company accounts for Trojan Nickel Mine.

Highlights

Assisted in preparing Group Monthly financial results, including Statements of Comprehensive Income and Statement of Financial Position.

Supported the consolidation of all Mines' Inter Company Financial Statements at Head Office.

Reconciled all Head Office Cash books, including payments of local and foreign creditors.

Administered and reconciled foreign currency accounts (payments and receipts).

Maintained and analyzed General Ledgers, ensuring accuracy and integrity of financial records.

Reconciled Inter-Company (Mines) Accounts, streamlining inter-entity transactions.

Administered and analyzed Corporation Loans and Local borrowings, ensuring proper financial tracking.

Managed accounting of capital Votes, including opening and closing entries.

Performed analysis and management of Debtors and Creditors accounts, optimizing cash flow and financial health.

Volunteer

ZIFA Mashonaland Central Province
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Provincial Chairman

Bindura, Mashonaland Central, Zimbabwe

Summary

Led the provincial football association, overseeing operations and promoting football development.

Highlights

Currently serving as Provincial Chairman, driving strategic initiatives for football development in the region.

Shandira Bindura (NGO)
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Founder

Bindura, Mashonaland Central, Zimbabwe

Summary

Founded and established a non-governmental organization focused on community development in Bindura.

Highlights

Founded Shandira Bindura (NGO), initiating and leading community-focused projects in the region.

Bindura Parish Council
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Former Treasurer

Bindura, Mashonaland Central, Zimbabwe

Summary

Managed financial affairs and treasury functions for the Bindura Parish Council.

Highlights

Managed all financial resources and treasury activities for the Parish Council, ensuring fiscal responsibility.

ZIFA National Audit Committee
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Former Chairman

Bindura, Mashonaland Central, Zimbabwe

Summary

Chaired the National Audit Committee for ZIFA, ensuring financial integrity and compliance at a national level.

Highlights

Chaired the ZIFA National Audit Committee, overseeing audit processes and ensuring financial transparency.

ZIFA National Finance Committee
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Former Vice Chairman

Bindura, Mashonaland Central, Zimbabwe

Summary

Served as Vice Chairman of the ZIFA National Finance Committee, contributing to national financial strategy.

Highlights

Served as Vice Chairman of the ZIFA National Finance Committee, assisting in financial policy and strategy development.

Bindura Golf Club
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Former Treasurer

Bindura, Mashonaland Central, Zimbabwe

Summary

Oversaw financial management for the Bindura Golf Club, ensuring budgetary compliance.

Highlights

Handled treasury functions for the Golf Club, maintaining accurate financial records and budgetary oversight.

Education

University of London
London, England, UK

Masters

Professional Accountancy

Oxford Brookes University
Oxford, England, UK

BSc (Hon)

Applied Accounting

Grade: 2.1

Languages

English
Shona
Ndebele

Certificates

Investment and Risk Management

Issued By

CCL Group

Executive Certificate in Treasury Management

Issued By

University of Zimbabwe

FCCA Member

Issued By

Association of Chartered Certified Accountants

Member - Public Accounting and Auditors Board (P.A.A.B)

Issued By

Public Accounting and Auditors Board

Skills

Financial Management & Strategy

Financial Reporting and Control, Capital and Operational Cost Management, Financial Modelling and Project Optimisation, Cash flow, funding and treasury management, Commercial and Contract Management, Investor Relations.

Compliance & Audit

Audit, Regulatory and Compliance Management.

Operations & Systems

Procurement and Inventory Management, IT and Systems Management.

Leadership & HR

Human resource and talent identification.

Software Proficiency

SAP, Willow System, MIMS, M.Y.O.B, Ellipse, Paynet, Excel, Microsoft Word, PowerPoint.

References

Mr Batirai Manhando

(Former BNC Managing Director), 0772408153, bmanhando@gmail.com

Mr P Machana

(CEO), Conduit Investments, Harare Cell 0775 359 204, machana@conduit.co.zw

B Hodza

(CFO), Sports and Recreational commission of Zimbabwe, Cell 0772 481 027, bchodza@hotmail.com