Open to opportunities

Kaveer Muggan

@kaveermuggan

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Dynamic financial services professional with 12 years of experience.

South Africa

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What I'm looking for

I am looking for a role that offers strategic challenges and opportunities for growth in a collaborative environment.

I am a dynamic financial services professional with over 12 years of experience across various industries, including banking, public sector financing, and startups. My expertise lies in financial analysis, commercial assessment, and investment appraisals, where I have successfully implemented new initiatives and provided financial consultation to decision-makers. I possess a deep understanding of credit risk finance, IAS39, and IFRS9, which has allowed me to navigate complex financial landscapes effectively.

In my current role as Financial Controller at Roobet, I manage day-to-day financial operations and have successfully decreased monthly reporting deadlines by optimizing processes. My previous experience as Head of Finance at ProQuo AI involved end-to-end ownership of the finance function, where I implemented a new subscription billing platform that allowed the business to scale profitably. I am passionate about leveraging my financial acumen to drive strategic growth and operational efficiency.

Experience

Work history, roles, and key accomplishments

Current

Financial Controller

Current

Roobet

Jan 2023 - Present (2 years 5 months)

Managed daily financial operations and consolidated financial reporting for 9 subsidiaries. Identified and implemented cost-saving initiatives through data analytics, significantly decreasing third-party costs and increasing gross margin. Led statutory reporting, budgeting, and cash flow forecasting while optimizing processes to reduce monthly reporting deadlines by 7 working days.

Financial Operations Consolidation Reporting Data Analytics Cost Saving Initiatives Budgeting Cash Flow Forecasting Stakeholder Management Process Optimization

Head of Finance

ProQuo AI

Jan 2020 - Dec 2022 (2 years 11 months)

Owned the entire finance function, including equity management, management accounts, and annual reporting. Successfully implemented a new subscription billing platform from feasibility study to deployment, and identified areas for cost optimization by creating a new expense policy and implementing a spend management platform. Played a key role in deal structuring with VC firms and preparing the co

Financial Management Equity Management Management Accounting Billing Cost Optimization Spend Management Deal Structuring

Finance Manager Retail and Business Banking

Standard Bank

Jan 2017 - Dec 2020 (3 years 11 months)

Provided senior management with critical financial analysis and insights for strategic decision-making, evaluating new projects through detailed financial modeling. Identified areas for cost reduction, operational improvements, and revenue leakage, significantly increasing headline earnings and shareholder wealth. Nominated for the Mark of Excellence award in 2018 and 2019.

Financial Analysis Financial Modeling Forecasting

FP&A Manager (Credit Risk)

Standard Bank

Jan 2015 - Dec 2017 (2 years 11 months)

Managed credit risk finance portfolios, focusing on impairment provisioning using IAS39 and IFRS9 models, and analyzed credit performance and forward-looking projections. Implemented the new IFRS9 provisioning framework and developed the first Debt Review fair value adjustment model. Optimized profitability by correcting areas of revenue leakage.

Credit Risk Management IAS39 IFRS 9 Management Reporting Revenue Leakage Financial Modeling

FP&A Management Accountant (Credit Risk)

Standard Bank

Jan 2014 - Dec 2015 (1 year 11 months)

Managed credit risk finance portfolios, including credit impairment provisioning and analysis of credit performance and off-balance sheet provisioning. Redesigned aspects of the impairment dashboard for increased efficiency and built a new budgeting model. Provided management reporting on provision shifts and impairment results.

Credit Risk Management Financial Analysis Management Reporting Budgeting Dashboard Design Forecasting

Finance Consultant

EOH Public Sector and Advisory Services

Jan 2011 - Dec 2014 (3 years 11 months)

Assisted in implementing audit turnaround strategies for Local Municipalities and Government Departments, and produced timely financial reports with in-depth analysis. Performed quality assurance audits, evaluating previous budgets and expenditures to develop future budgets. Assisted in the preparation of Annual Financial Statements.

Audit Turnaround Strategies Management Reporting Financial Analysis Quality Assurance Budgeting Financial Statement Preparation Public Sector Finance

Education

Degrees, certifications, and relevant coursework

CIMA

ACMA, CGMA, Financial Management

Acquired strong financial skills focusing on financial strategy, management of risk and performance, quality technical skills. Developed deep commercial acumen and understanding of organizations, with the ability to influence and lead people.