Member of the BICA Technical Committee June 2025 - Current, Member of the BICA Membership and Examination Committee May 2022 – April 2025, Golf and Boxing enthusiast
Neo Magabu
Associate Chartered Accountant
Gaborone
Summary
Qualified strategic and results-driven finance leader with extensive experience in audit, financial governance and control environments within complex, multi-entity operations, including insurance sector. Proven track record in leading and directing high-value engagements (and teams) ensuring IFRS compliance, delivering insight-led financial reporting that drives executive decision-making and driving operational efficiency. Demonstrated ability to implement strategic initiatives that enhance productivity and foster growth. Known for utilizing strong leadership and communication skills to facilitate team collaboration and achieve organizational goals.
Overview
14
14
years of professional experience
Work History
Senior Manager (Audit)
GRANT THORNTON
02.2025 - Current
- Size of team managed expand from the audit team to firm wide including cross-function and departmental collaboration
- Led financial governance and control environment reviews for complex, multi-entity clients, ensuring compliance with IFRS, ISA and Regulatory framework.
- Directed high-risk and large-scale audits, including insurance and financial services portfolios with a focus on reserve adequacy, claims testing and revenue recognition.
- Managed and collaborated with cross-functional teams for example actuarial and various leaders as support
- Business Development - winning and securing new engagements as well as coming up with new pricing strategies and expanding service offerings.
- Team leader and Management: Lead and coordinate audit teams, client engagement teams (as well), however balancing execution with firm-wide goals, risk management and growth plans
Manager (Audit)
GRANT THORNTON
11.2023 - 02.2025
- Below are the enhanced responsibilities and duties:
- Presentation: This in relation to the Audit plan, Planning Audit committee report, Audit report, final and closing Audit committee report as well as Management Letter Report performed at the audit pre-planning stages till final close —up meeting. This presented to different stakeholder engagements, namely, the Financial Risk and Audit committee members, executive management of the engagement, Board of Directors, the internal audit team of the audit firm as well as 3rd party vested stakeholders (Bank of Botswana bilateral and Trilateral meetings).
- Client Engagement: Foster positive client relationships, serving as the primary point of contact for audit-related matters and ensuring continuous and ongoing engagement or rather relations.
- Audit Planning: Develop comprehensive audit plans, considering the client's industry, risks, and regulatory environment.
- Team Management: Lead and coordinate audit teams, client engagement teams (as well), ensuring efficient collaboration and timely completion of tasks.
- Risk Assessment: Conduct thorough risk assessments to identify potential areas of concern and develop strategies for risk mitigation inline with the regulatory frameworks and industry requirements.
- Financial Analysis: Analyze financial statements and reports to assess the client's financial health and compliance with accounting standards and the industry or relevant framework.
- Regulatory Compliance: Ensure that the client's financial statements and control environment adhere to relevant laws, regulations, and accounting principles.
- Quality Assurance: Implement and maintain quality control processes to uphold audit standards and regulatory requirements.
- Audit Execution: Oversee the execution of audit procedures, ensuring accuracy and adherence to professional standards.
- Communication: Communicate audit findings, recommendations, and potential areas for improvement to both the client and internal stakeholders.
- Documentation: Maintain detailed and organized audit documentation, in compliance with auditing standards and regulations.
- Continuous Improvement: Identify opportunities for process improvements and contribute to the enhancement of audit methodologies.
- Audit Committee Interaction: Collaborate with the client's audit committee, providing insights and updates on audit progress and findings.
- Conflict Resolution: Address and resolve any conflicts or discrepancies that may arise during the audit engagement.
- Ethical Conduct: Uphold ethical standards and integrity throughout the audit process, maintaining independence and objectivity.
- Technology Integration: Leverage audit technology tools to enhance audit efficiency and effectiveness.
Assistant Manager in the Audit division
DELOITTE
03.2022 - 11.2023
- Audit Assistant Manager with more than five years audit experience in a big four auditing firm. I have managed staff as the audit senior and also as an assistant manager on various audit engagements through supervision and review of subordinates’ work. My duties includes managing audit engagement team in the conduct of risk assessment, utilisation of data analytics, designing procedures to assess audit risks, assessing clients’ internal controls, identifying deficiencies and recommending improvements, reviewing and preparing income and deferred tax computations, reviewing and preparation of clients’ financial statements in accordance with the International Financial Reporting Standards (IFRS) and ensuring the audited financial statements and the audit documentation meets quality control standards. and mentoring a team of 5 – 7 juniors’ staff members.
Audit in Charge in the Audit division
DELOITTE & TOUCHE
07.2017 - 03.2022
- Assisting the manager on the job to plan for engagements, set-up the audit file, ensure that the field work is complete at the quality level required and that client deadlines are met with Audited Financial statements signed. Managing and mentoring a team of 5 – 7 juniors’ staff members.
Senior Assistant auditor in the Audit division
DELOITTE & TOUCHE
01.2012 - 06.2017
- Preparation of the audit budget, ensuring that the audit team has been planned, mentoring juniors in theteam, formulating relevant audit procedures to address risks identified in the file, ensuring timelines have been agreed with the client, reviewing work performed by juniors and archiving the audit file. Managing and mentoring a team of 3 – 5 juniors staff members.
Education
Financial Risk Management - Financial Risk Management
GARP
USA08-2025
ICAEW - Sustainability
ICAEW
England07.2025
Post Graduate Diploma in Taxation - Tax (PGDT)
Botswana Accountancy College
Gaborone, Botswana01.2025
Certified Anti – Money Laundering Specialist - Anti-Money Laundering
ACAMS
USA09.2024
Associate Chartered Accountant - ACA qualified
Botswana Institute of Chartered Accountant (BICA/ICAEW)
Botswana12.2022
Certificate of Proficiency (Short-term Insurance) - undefined
Insurance Institute of South Africa (IISA)
08.2021
Bachelor of Accountancy - undefined
University of Botswana
08.2012
Skills
- Preparing and presentation of audits budgets and plans, being proactive in engaging and planning required number of staff
- Good communication & interpersonal skills to promote team building
- Analytic Skills, studying of financial trends & data
- Leadership skill - Ability to manage and mentor juniors in a team
- Time management, ensuring deadlines are met
- Adaptability & Flexibility –ability to recognize & respond to diverse thinking styles & cultural qualities
- Researching, applying relevant industry requirements to work produced (New accounting &auditingstandards, applicable laws & regulation)
- Computing Skills ability to adjust to any new software application and understand its process
Operations planning
Cross-functional collaboration
Data analytics
Cross-functional team coordination
Websites
References
Rinomasa Kamuvete
BOTEPCO, Director Risk and Internal Audit
74 405 987
Role Played: supervisor (Deloitte)
Mr. Ketshepemang Mothetho
Turnstar, CFO
Cell number: (+267) 71 507 903
Role Played: Audit manager & Supervisor (Deloitte)
Ms One Lesope
Head of Risk and Controls (Standard Chartered Bank)
Cell: 71 655 786
Role Played: Audit manager & supervisor (Deloitte)
Interests
Accomplishments
- Recognized as Part women in leadership on the rise (Deloitte Botswana)
- BICA Student Representative chairperson (Deloitte Botswana) this involved ensuring that students registration is in order including having orientation with new students to explain the BICA enrollment program (Requirements and Benefits including assisting with applying for exemptions).
PORTFOLIO MANAGEMENT
Below are portfolios solely managed as a lead manager on the engagement previously as the lead Auditor in charge as well:
- - Botswana Savings Bank
- - Botswana Unified Revenue Service
- - Citizen Entrepreneurial Development Agency
- - Bank of Baroda
- - Hollard Insurance Group
- - Continental Re Insurance
- - Minet (Previously AON) Group
- - Alexander Forbes Group
- - Citizen Entrepreneurial Development Agency (CEDA)
- - Botswana Unified Revenue Service (BURS)
- - Botswana Stock Exchange Limited
- - Imara Capital Securities
- - Kgori Capital
- - Aleyo Capital Growth and Aleyo Growth Fund
- - Botswana Gambling Authority – Assurance report on the entity’s control environment
- - Southern African Development Committee (SADC) projects
- - Center for Coordination of Agricultural Research and Development for Southern Africa (CCARDESA)
- - The Kavango Zambezi Transfrontier Conservation Area (KAZA TFCA) Secretariat
Timeline
Senior Manager (Audit)
GRANT THORNTON
02.2025 - Current
Manager (Audit)
GRANT THORNTON
11.2023 - 02.2025
Assistant Manager in the Audit division
DELOITTE
03.2022 - 11.2023
Audit in Charge in the Audit division
DELOITTE & TOUCHE
07.2017 - 03.2022
Senior Assistant auditor in the Audit division
DELOITTE & TOUCHE
01.2012 - 06.2017
Certificate of Proficiency (Short-term Insurance) - undefined
Insurance Institute of South Africa (IISA)
Bachelor of Accountancy - undefined
University of Botswana
Financial Risk Management - Financial Risk Management
GARP
ICAEW - Sustainability
ICAEW
Post Graduate Diploma in Taxation - Tax (PGDT)
Botswana Accountancy College
Certified Anti – Money Laundering Specialist - Anti-Money Laundering
ACAMS
Associate Chartered Accountant - ACA qualified
Botswana Institute of Chartered Accountant (BICA/ICAEW)
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