Hilton C Hartzenberg

Overall financial custodian of this progressive Vertical Aviation company based in Denpasar, Bali

Custodian of financial reporting, IT and procurement

• Managed financial and operational administration and risk. • Developed, established, and maintained a financial structure and dashboards to assist revenue, cash and cost forecasts for executive management and Board of Directors. • Managed the scheduling, preparation, and distribution of internal financial statements and management reports according to corporate reporting schedules. • Presented the monthly management financial pack to executive management and Board of Directors. Attended all board meetings. • Developed a monthly financial management reporting tool which encompassed SAP. • Developed and maintained internal controls to safeguard financial assets. • Performed ad hoc internal audits (stock, cash, spare parts etc.), made recommendation to the Board. Documented detailed improvements to systems of internal controls. • Developed and implemented procedures to ensure compliance with regulatory reporting requirements. • Investigated, researched, and analysed financial information relating to Oil & Gas tender submissions. Including return on investment case studies. • Oversaw tax, company compliance (BRELA), and supply chain financial activities and projects.

• Focused on advice, training, and improvement of operations and business systems. • Provided advice and assistance on microfinance principles in credit/loan book management. • Revised commission remuneration structures for sales staff; regional and branch managers, sales agents, and the country sales/operations manager. • Assisted with the recruitment of senior staff and proposed restructuring of the credit department. • Participated in compiling budgets for Faidika and Advans Bank Tanzania; a small and medium enterprise (SME) banking entity that the group acquired in October 2015. • Participated in the two- and five-year strategy review and compilation. • Monitored daily sales and provided guidance on sales reporting structures and operational reports. • Attended meetings as part of the country management team (CMC) which incorporated business matters relating to financial results, departmental performance, branding, marketing, human resources (HR), credit, sales, operations. • Served as Chief Executive Officer in his absence.

• Managed financial control and reporting for operations in Botswana, South Africa and Zambia. • Member of the executive and management committees (Exco/Manco); participated in strategy planning for the group. Was appointed Director of Zambian business. • Managed the well-being of twenty-seven members of staff. • Directly managed finance, procurement, and information technology (IT) departments. • Controlled the budget worth BWP151 m earnings before interest, taxes, depreciation and amortisation (EBITDA). • Reviewed and prepared monthly consolidated management accounting pack, compliant to International Financial Reporting Standards (IFRS). • Oversaw financial controls and delivery of the monthly MA pack for Botswana, South Africa and Zambia. • Prepared and presented annual budgets (forecasts) and the five-year business plan to Executive management, Board of Directors and Shareholders. • Managed financial controls; fixed assets, balance sheet reconciliations, stock production variances, monthly expense variances to budget analysis. • Managed internal controls and risk formulation (risk registers).

• Apart from duties as chief financial officer, oversaw the finance function of the Ugandan operation regarding group requirements and communications. • Assisted with the initial establishment of the finance function for Botswana. • Ensured accurate and complete management of the debtors’ loan book and that it conformed to the credit policy of the company. • Managed, maintained and monitored cashflow. • Liaised with bankers, auditors and local revenue authorities. • Participated in local fund raising; working capital and term loans. • Served as the contact point for Group Finance (Mauritius) and adhering to Group Finance Policies (IFRS/IAS) • Managed the preparation and presentation of the monthly management accounts; chart of accounts, fixed asset control, adequate reconciliations, creditors, accruals, payroll maintenance, monitoring of budget to actual expenditure, income recognition, and provision accounting. • Ensured compliance with local tax authorities. • Liaised with auditors and ensured that the year-end audit was managed and controlled to meet deadline dates and deliverables. • Reported to the Board of Directors on the financial performance of the company and prepared and presented the yearly budgets to Group Finance, Board of Directors and Shareholders. • Advised on operational finance issues specifically in the cases of new product offerings, costing, pricing, and cashflow impact. • Developed and improved processes and procedures, including implementing new financial systems to improve accuracy and compliance with local and Group policies. • Played and integrated part in formulating strategic plans to ensure that financial targets were achieved.

* Overall management, monitoring, mentoring, training and guidance of in country CFOs to ensure compliance to Group financial reporting standards. * Detailed analysis of Credit book to ensure adequate impairment provisions adopted. * Risk management and implementation of suitable mitigating controls and procedures. * Financial reporting, budget preparation, cashflow management * Board invitee which included Company Secretarial duties and, inter alia, presentation of financial results and budgets/forecasts to Board of Directors * Finance lead on all negotiations with Bankers on funding initiatives * Managed external auditors to AFS preparation and full unqualified reports with no material weaknesses reported on internal controls

* Initially had full responsibility to oversee and manage the Finance function and to also prepare and present the monthly management accounting pack (using Pastel). * Performed the role of Company Secretary and was also responsible for preparation of Board Meeting packs and Budget packs (presentation to Group Finance in Mauritius). * In 2010, a Financial Manager was recruited as the incumbent CFO to assume my role. This was successfully achieved in June 2011. I was promoted to a CFO East Africa role based in Dar es Salaam, Tanzania

* Full operational and finance responsibility for the company. * Included staff training, recruitment and building relationships with senior government officials, * Managed, mentored, trained and developed a sales force from 5 people to in excess of 50 * Rolled out company blueprint throughout Zambia opening new branch offices * Appointed to the Board of Directors * Performed company secretarial role

* Managed, championed and coordinated the integration of various new modules of the Sage ERP system with that of the general ledger. * This entailed detailed workshops on system development. I attended training on all the modules (+- two full weeks). * I also liaised and interacted with the Project Engineers and Sales Engineers on various issues affecting not only the General Ledger but also the integration of engineering and finance. * Set up & completed financial records & accounts for Zambian operations; entire accounting function, liaison with relevant Zambian legal authorities, Receiver of Revenue and Bankers. * Managed foreign creditor’s payment system; placing forward exchange contracts & paperwork for payment approval by Reserve Bank * Managed bank accounts; current, 2 foreign currency, call/investment accounts. * Managed petty cash floats & supervised front office float. * Review & payment of contract staff site expenses, reconciliations of expenditure to budget, drawing office expenditure was allocated to relevant contracts. * Arranged security documents for contracts – performance bonds, guarantees. * Review contract tenders ensuring that costs were correct & margins correctly calculated. * Managed a staff of 3 & supervision over the debtors and creditors departments, performance reviews & set future objectives. * Managed, resolved queries & performed cheque payments to expense creditors, account reconciliations. * Performed as System Manager for SAGE system, ensured that periods were correctly closed, reports completed, approved new ledger accounts & ledger structure . * Ensured statutory returns were completed & paid (VAT/UIF/RSC/PAYE). * Completed of month/quarter-end accounts. Included year-end accounts & Group consolidation, 3 companies. * Contract/Project accounting is recognized on the percentage of completion method. Analysed expenditure & reported on variances. Accounts were completed for a Property Holding company.

* Various temp financial assignments for The Kelly Group * Predominantly expense analysis and budget preparations

* Responsible for the well - being of 11 staff members (accountants). * Managing the presentation and completion of the monthly management accounts. These included Italtile Centres, CTM Operations, Franchising, Services, Distribution and two Property Companies. * Completion of the monthly Group consolidated accounts which included our Australian subsidiary. These accounts were circulated to the Directors and reviewed at board meetings. * Managing the Group insurance requirements. * Working capital maintenance and cash flow forecasts, including short term investment decision making. * Support role for our Human Resource department. * Completion of Group results for Interim and Preliminary Profit Announcement publications. Ensure complied with IFRS. * Completion of our annual financial report/glossy. * Member of senior executive team. * Various ad hoc projects as requested by my superiors – CEO and CFO. Attended CTM franchise meetings * Liaising with external auditors on all matters relating to our statutory requirements. This included the preparation of tax schedules and information. * Assistance and advice, where necessary, on procedures and policies to be adhered to during the implementation of the SAP financial model. * Ensuring correct and complete procedures followed when CTM stores were franchised. This included the preparation of all the financial transactions and ensuring that the necessary legal documents were completed * Involved in liaising regularly with the tile distribution office (in Durban) on delivery of products. * Full understanding of warehouse distribution functionality including stock movements and control.

* Managing a monthly book debt ranging between R50 million and R65 million * The discretionary authorization, securing and granting of credit. This would include, inter alia, the analysis of company’s/individual’s balance sheets. * Establishing and finalising securities with attorneys and banks (for Franchisees). * Thereafter, proactively managing the conversion of credit into cash when due thus ensuring the enhancement of working capital and interest and maximising profits by limiting bad debt write offs. * Supervision and well-being of 3 staff members. * Assisting retailers (stores/debtors) when faced with cashflow restrictions. This function would entail analysing/auditing accounting records to establish cause of problems. The analysis of internal systems and controls is also completed and scrutinised. Expense structure and stock holding are reviewed for reasonableness. * Recommending and ensuring the implementation of an action plan (extended payment terms) for retailers to overcome cashflow restrictions. * Being involved in the full process of legal proceedings re handing debt over for collection. This involves detailed dealings with Attorneys. * Presentation to regional directors/senior management team on proposal for collection of outstanding debt & future viability of the store trading profitably. * Performed cash flow forecast, feasibility studies, to support granting credit to potential retailers; using various formula & functions in Excel. * Daily involvement with Distribution Centre/Warehouse on order placing and stock delivery Achievements: * Transfer of payment methods from cheque to electronic transfer. 76 % of member’s accounts paid; 39 % * 80% of weekly member’s dues were collected by the Wednesday; varied at +- 50 % * Overdue accounts on book debt R51 m, September 1999 was 2.5%. January 1997, 6.5% on a book debt of R33 m. * Restructured a SPAR member’s business, turned around from trading at a loss & cashflow restrictions to profitability.