Travers Cape, Finance Expert in Johannesburg, Gauteng, South Africa
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Travers Cape

Verified Expert  in Finance

Finance Expert

Location
Johannesburg, Gauteng, South Africa
Toptal Member Since
April 28, 2022

Travers is a chartered accountant who has a 16-year career of work in senior financial positions across retail, engineering, and startup industries for companies such as EY, Babcock, Massmart, and Nu-World. His last role was that of a CFO at a Johannesburg retail listed company with a turnover of $250 million. Travers enjoys freelancing as it provides him with the opportunity to work across a variety of industries and challenging projects, including financial modeling and fractional CFO roles.

Career Highlights

CFO
Nu-World Holdings Ltd
General Manager: Finance
Babcock International Group

Education Highlights

Master’s Degree
University of Strathclyde
Honors Bachelor Degree
University of Johannesburg

Certification Highlights

Chartered Accountant
Institute of Chartered Accountants of Scotland (ICAS)
Chartered Accountant
South African Institute of Chartered Accountants (SAICA)

Case Studies

Work Experience

Director

2018 - PRESENT
Freelance
  • Co-authored the article Combined Assurance: Is Your Organization Adequately Assured?, published on bbrief.co.za, and The Single Most Important Article For Websites in 2019, posted on njin.co.za.
  • Defined financial KPIs for a retail company, which included determining the formulas and chart of accounts used and resulted in a growth of 10% in most of the KPIs.
  • Developed a transfer pricing policy for a global shipping company with offices in South Africa. The approach allowed the company to continue trading in South Africa with revenues in excess of $50 million.
  • Raised $5 million as the fractional CFO of a renewable energy business in South Africa, set up the governance and relative financial processes, and assisted in defining the strategy focusing on growth opportunities.
  • Served as the founder of a medical cannabis business in South Africa. Developed the business plan and financial model, currently in the process of raising funds.
  • Directed the finance team of a construction company as a fractional CFO, overseeing improvements in efficiencies within the finance department. Implemented financial processes that allowed them to win a project worth $20 million in 2019.
  • Built business plans for multiple businesses, including financial statements, scenario forecasting, and risk analysis development.
  • Created a budgeting model using a driver-based model for a listed Swedish company. This model was integrated into a budgeting tool and implemented across 100 regions.
  • Led the conceptual and detailed design and iterative build phases of an FP&A EPM for a large company.
Focus areas: Fundraising, Startups, Finance, Financials, Transfer Pricing, Reporting, Accounting, Cash Flow, Financial Modeling, Financial Planning & Analysis (FP&A), Business Models, Revenue & Expense Projections, CFO, Financial Ratios, Financial Analysis, Private Company Valuation, Fractional CFO, Valuation, Valuation Modeling, Financial Reporting, Cash Flow Modeling, Mergers & Acquisitions (M&A), Three-statement Modeling, RiskMetrics, Pitch Decks, Pitch Deck Consultant, Cash Flow Management, Growth Strategy

Controller | Manufacturing

2022 - 2023
Vaagen Timbers
  • Developed management accounts with an income statement, balance sheet, and cash flow. The management accounts included a set of graphs and other financial analyses.
  • Reported monthly financial information to the founders and management.
  • Prepared a debt covenant report as part of a negotiation with a bank.
Focus areas: Forecasting, Financial Modeling, Fundraising, Financing, Accounting, Controller, QuickBooks Online, Manufacturing, Policies & Procedures Compliance, Cash Flow, CAPEX Budgeting & Inventory Management, US GAAP, Financial Planning & Analysis (FP&A), CFO, Internal Financial Reporting

Controller | Medical Marijuana Dispensaries

2022 - 2022
Kaleafa Inc.
  • Reconciled the distribution accounts from 2020, considering the various partners and agreements.
  • Reconciled the back office allocation process and developed a process flow.
  • Improved the control environment by implementing certain procedures, such as the closure of month-end, improving the month-end checklist, and developing process flows.
Focus areas: Controller, Accounting, CPA, Controllership, Sage, Sage Intacct, Financial Planning & Analysis (FP&A), Revenue & Expense Projections, Forecasting, Internal Financial Reporting

CFO

2021 - 2022
Nu-World Holdings Ltd
  • Implemented a new process in the sales function, whereby sales invoices are scanned together with proof of deliveries. This has reduced paper use and made 250m of warehouse space available, saving $1 million in annual lease expenses.
  • Built daily financial reports for the executive committee, which provided an updated business dashboard and increased revenue by 5%.
  • Corrected the impairment model, which increased the bottom line by $3 million.
  • Responded and cleared accounting and listing requirements queries from the Johannesburg Stock Exchange.
  • Developed and filed the annual and integrated report for the Johannesburg Stock Exchange. Further, ensured all respective filings for reports and other announcements were correctly completed on time.
Focus areas: FX, Cash Flow, Reporting, Corporate Governance, Board of Directors, Inventory Management, Lease Accounting, Taxation, Debtor & Creditor Management, Financials, Cash Management, Financial Modeling, Strategy, Financial Planning & Analysis (FP&A), Business Models, Revenue & Expense Projections, CFO, Financial Ratios, Financial Analysis, Valuation, Valuation Modeling, Financial Reporting, Cash Flow Modeling, Three-statement Modeling, RiskMetrics, Cash Flow Management, Pricing, Internal Financial Reporting

Senior Financial Manager: Shared Services Center

2020 - 2020
Massmart Limited
  • Improved the control environment in debtor and creditor management and reduced provisions by $20 million.
  • Developed and implemented processes in the debtor and creditor functions which passed internal, external, and SOX audits. This included developing a RACM for all functions.
  • Identified and cleared non-reconciling items in the general ledger, leading to reconciled accounts for the first time in five years and an improvement in profit of $2 million.
  • Led a team of 20 direct and over 300 indirect reports in the Shared Services Center across regions and introduced efficiencies within the teams by re-organizing work and processes to best suit the team.
  • Mentored two staff members who progressed in the business and excelled in their new roles.
Focus areas: Payroll & Benefits, Rebate Programs, Debtor & Creditor Management, Accounting, SOX Compliance, Controller, Financial Ratios, Financial Analysis, Valuation, Financial Reporting, RiskMetrics, Cash Flow Management, Internal Financial Reporting

General Manager: Finance

2011 - 2018
Babcock International Group
  • Selected as one of 25 employees from a universe of 30,000 employees of Babcock International to attend an MBA at the University of Strathclyde.
  • Hired SAP payroll specialists to implement SAP Payroll, which improved payroll processes and efficiency and reduced processing times by two business days.
  • Merged an acquisition that included valuing the business, finalizing the legalese, and determining the correct accounting treatment. This merger resulted in increased revenue of $20 million.
  • Raised $50 million for a vehicle financing division of Babcock.
  • Led the Treasury, Taxation, and Statutory functions across the 15 divisions within Babcock Africa for six years.
  • Established processes and policies across the financial functions of Babcock Africa, improving inefficiencies in the accounting and finance departments. Developed accounting memos for complex accounting issues.
  • Established the accounting function for the educational and vehicle financing division by developing processes and policies.
  • Built detailed financial models for possible acquisitions of companies. This included determining the financial valuation and sensitivity analysis. This resulted in raising funding for Babcock and the acquisition of identified companies.
  • Developed business plans for possible businesses and ventures identified within the company, which led to the creation of one company valued at $10m.
  • Prepared the Strategic Plan for Babcock Africa, which included all the opportunities for growth of $100m. Implemented a review process where the progress against this strategic plan was reported.
Focus areas: Payroll & Benefits, Taxation, Cash Management, Cash Flow, Corporate Governance, Accounting, Finance, Reporting, Business Development, Strategy, Financing, Financials, Financial Modeling, Forecasting, Budgeting, Financial Planning & Analysis (FP&A), Fundraising, Business Models, Revenue & Expense Projections, Controller, Financial Ratios, Financial Analysis, Private Company Valuation, Valuation, Valuation Modeling, Financial Reporting, Cash Flow Modeling, Mergers & Acquisitions (M&A), Three-statement Modeling, RiskMetrics, Pitch Decks, Cash Flow Management, Pricing, Internal Financial Reporting

Audit Manager

2005 - 2011
EY
  • Led a project at the third-largest gold mining entity globally to list a $300 million bond on the London Stock Exchange.
  • Conducted the pre-study at a potential client that led to a $2 million project, which assisted a parastatal in identifying its assets and improving its descriptions in the asset register.
  • Managed the rationalization of entities project at a global gold mining entity, which reduced costs by $2 million.
  • Led audits of South African listed and medium-sized entities for five years, which included entities with revenue of $1 billion.
  • Led a project team, of 25 members, at a parastatal to identify its assets and correct descriptions in the asset register.
  • Led the audit of a US-listed company, reviewed the SEC filings, and answered any questions directed to the company by the SEC.
Focus areas: Auditing, Audits, SOX Compliance, Management, Consulting, Financial Ratios, Tax Research & Planning, Fixed Asset Management, Mergers & Acquisitions (M&A)
2015 - 2017

Master’s Degree in Business Administration (MBA)

University of Strathclyde - Glasgow, Scotland

2001 - 2004

Honors Bachelor Degree in Accounting

University of Johannesburg - Johannesburg, South Africa

MAY 2023 - PRESENT

Chartered Accountant

Institute of Chartered Accountants of Scotland (ICAS)

APRIL 2008 - PRESENT

Chartered Accountant

South African Institute of Chartered Accountants (SAICA)

Finance

Accounting, Taxation, Financial Management, Financial Modeling, Cash Flow, Lease Accounting, Debtor & Creditor Management, Cash Management, Forecasting, Budgeting, Fundraising, Financial Planning & Analysis (FP&A), DCF Valuation, Revenue & Expense Projections, Controller, CFO, Private Company Valuation, Valuation, Valuation Modeling, Financial Reporting, Cash Flow Modeling, Mergers & Acquisitions (M&A), Three-statement Modeling, RiskMetrics, Pricing, Internal Financial Reporting, CPA

Output Software

Microsoft Excel, Microsoft PowerPoint, Google Sheets, Microsoft Word

Data & Analysis Software

QuickBooks Online

Other

Strategy, Scenario Analysis, Xero, Pastel, FX, Reporting, Corporate Governance, Board of Directors, Financials, Payroll & Benefits, Finance, Business Development, SOX Compliance, Management, Models, Investor Presentations, IFRS 16, Goodwill Impairment, Business Models, Financial Ratios, Financial Analysis, Pitch Decks, Pitch Deck Consultant, Cash Flow Management, Audits, Finance Reports, Excel 365, Interim CFO, Auditing, Inventory Management, Consulting, Startups, Transfer Pricing, Growth Strategy, IFRS Financial Reporting, Rebate Programs, Fractional CFO, Tax Research & Planning, Fixed Asset Management, Controllership, Sage, Sage Intacct, Financing, Manufacturing, Policies & Procedures Compliance, CAPEX Budgeting & Inventory Management, US GAAP, Sage 50

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