Staff Accountant

ONORIODE, FELIX ONYEACHOM

713-***-**** *************@*****.***

PROFESSIONAL SUMMARY

Results-oriented Finance Professional with over ten years of experience in financial analysis, accounting & Financial management in a variety of industries. Proven ability to analyse, processes, identifies inefficiencies/errors, and implements solutions that reduce losses and increase revenue. Expert experience in Accounts Receivables, Payable, inventory, data entry, financial reporting and Power user of Microsoft Navision dynamics and financials, SAP, Quick books, etc A hardworking leader who is self motivated and works well independently or as part of a goal oriented team. Posses excellent communication skills and excels in building strong long lasting relationships

Technical expertise: SAP Microsoft Navision dynamics & Financials QuickBooks Pro

Oracle Peachtree Excel( Pivot table, V-look up) Sage

PROFESSIONAL EXPERIENCE

Faith Health LLC; Houston, Texas April 2017- Date

Staff Accountant (Temp)

Perform Monthly close duties by accurately and timely processing transaction, journal entries and financial statement

Prepares general ledger entries by maintaining records and files; reconciling accounts. Calculating and adjusting journal entries

Prepares payments by accruing expenses; coding and assigning account numbers; requesting disbursements; reconciling accounts

Assists in forecasting of monthly expenses and revenues, including actual versus budget analysis and determining reasons for variances

Prepare journal entries and monthly balance sheet reconciliations

Prepares and maintains all other information associated with customer orders: i.e. On time deliveries, cycle times, yields, direct hours, etc

Perform the processing and recording of accounts payable transactions and ensure that all invoices are posted accurately in accordance with the company’s policies and procedures

Prepares and maintains all other information associated with customer orders: i.e. On time deliveries, cycle times, yields, direct hours, etc

Performs weekly bank reconciliation by matching bank statement with cash account

Month end close of A/P, A/R and prepare job cost reports for the controller

Coordinates physical inventory cycle counts for Prime RM, WIP (in process and stockroom), and purchased finished goods. Resolves any issues and reconciles to accounts. Documents cycle counts and reconciliations

Maintaining daily reports, managing data integrity of production data-hours and inventory, raw material receipts, issues and scrap transactions, shipping, invoicing, rebate, credit & debit memos and A stock process and audits

Manages petty cash account by matching supporting documents/ expenses with bank/credit card analysis of units head and consolidation for the company

Maintain fixed asset ledger, depreciation, and reconciliation and Amortization schedule

Provide detailed analyses and explanations of all transactions

Key Accomplishments

Initiated strategic revenue planning and forecasting on a forecasting team for gross revenue, net revenue, and gross margin, while retrieving information from Excel through Microsoft Navision Dynamics

Performed revenue recognition, analysis and forecasting that improved the company’s reporting system by over 25%, by implementing IFRS and correct authoritative literature

Reduced month end closings by improving processes and controls and designing detailed reports allowing executive staff to make rapid, informed decisions.

Implemented a Factoring Arrangement for receivables, driving $500,000 of incremental, accelerated cash flow.

Improved quality and accuracy of reports provided to the executive staff

Harmonized multiples customers accounts/ transactions to a singular account, Streamlined customers data base to active status

R.T. Briscoe Nigeria Plc., Port-Harcourt, Nigeria. Feb. 2013 – Mar. 2017

Staff Accountant

Produced, interpreted, presented and reconciled financial statements.

Prepared activity reports and financial forecast: Sales, cost of sales, profitability, cash flow etc

Researched ways to improve profitability, analysing market for business opportunities

Managed and reconciled project reports, revenue recognition, margin/profit analysis, and project reconciliation.

Prepared monthly general expense packages as part of the month end close

Prepared departmental annual budgets and forecasts

Performed monthly variance analysis and presented the results to the executive staff

Prepared monthly accruals; journal entries including posting the entries

Prepared CFO summary and external auditor requests relating to cash reporting

Documentation support as required for audit purpose

Reconciled various balance sheet and inter-company accounts as well as complex bank reconciliations

Supported the development of capital projects through financial reporting, created and prepared monthly WIP schedule.

Identified areas of operational improvement: proposed new and reviewed policies, procedures, processes

Ensured business units compliance with internal controls and periodic review in the branch

Worked with project managers to review financial results, forecasting and support inclusion of capital

projects in annual corporate financial plans and subsequent periodic forecasts.

Managed all Receivables to secure the Revenue of the branch by verifying and posting receipts;

resolving discrepancies in accordance to company’s policies and internal control

Managed Inventory by carrying out monthly stock taking exercise: Reporting status, quantity, advising on depreciation, write off, provisions, cost saving measure for stock management

Prepared amortisation schedule, Maintain the Fixed Asset and associated depreciation schedules on the Microsoft Navision Software System; provided monthly detail to the Senior Accountant for General Journal entries approval; insure proper recording of new purchases and disposals

Managing and ensuring prompt remittance of all statutory bills (PAYE, VAT, WHT, etc.): Payroll and Sales tax filings and ensuring that the company pays ZERO penalties for the branch

Key Accomplishments

Reduced month and year-end closings by improving processes and controls and designing detailed reports allowing Senior Management to make rapid, informed decisions.

Generated improved cash flow through applying meticulous collection policies and closely observing accounts payable & account receivables and working with management to reduce inventory costs.

Reconciled customers and receivables account values by merging customer’s multiple account in the system, matching invoices with payments/ receipts and adoption of singular account number for individual customer and thus reduced debtors value by 40% by the end of 2013.

Played a major role in the migration of accounting and financial records from Microsoft Navision Dynamics 2015 to Microsoft classic 2016 by providing well documented files and review of schedule

Weekly review of fixed cost and sales budget with sales team thereby keeping them informed of performance

Ferguson Group of Companies, Port -Harcourt, Nigeria. Apr. 2009 – Dec. 2012

Accountant - Receivable & Payables

Managed billings and collections; forecasted cash projections; performed job cost analysis; created and prepared monthly WIP schedule.

Maintain Purchase Order Processing system

Analyzed customer contracts, billing, and payments to ensure compliance with negotiated rates.

Managed billings and collections; forecasted cash projections; performed job cost analysis; created and prepared monthly WIP schedule

Calculated earned revenue based upon percentage of completion; invoiced customers based upon terms of contract relative to percentage of completion.

Generated invoices and onward transfer to customers

Researched payment history of top accounts to pinpoint and resolve short pay issues.

Posted customer payments by recording cash, checks, and direct payments

Performed monthly bank certification calculations and reconciliations.

Updated receivables by totalling unpaid invoices and reminder of credit customers of due invoices

Verified validity of account discrepancies by obtaining and investigating information from sales, trade promotions, and customers service department

Confirmed valid or authorized deductions by entering adjusting entries.

Reviewed invalid or unauthorized deductions by following pending deductions procedures.

Resolved collections by examining customer payment plans, payment history, credit line; coordinating contact with collections department.

Sought for approval for Credit sales and services from company’s Credit committee

Summarizes receivables by maintaining invoice accounts; coordinating monthly transfer to accounts receivable account; verifying totals; preparing report.

Generated age report to management and advising of possible provision

Evaluated unbilled data in order to reduce overall DSO; advised management on write-off of bad debt.

Petty cash disbursement and imprest management

Preparing turnover report for individual business units

Key Accomplishments

Played a vital role in the conversion from Peach tree to Microsoft Navision dynamics 2009

Provided Head of corporate accounts staff with monthly financial analysis and reports on the progress toward achievement of strategic financial plans

Improved quality and accuracy of reports provided to the units head

Proposed Finance lease as an option of capital financing in the time of dwindling capital base.

Increased efficiency in receiving bill and revenue by analyzing data and recommending improvements in pricing, contracts, and billing processes.

Solely managed all aspects of #100M annual fuel expenses; prepared the annual fuel budget and quarterly forecasts. Performed trend analysis on fuel expense and in to plane fees.

Recovered #1.2M in fuel over payments after implementing new policies and procedures for fuel

expense management and accountability. Increased efficiency in the fuel pass-through process.

Atudume Chimezie Anthony & Co (Chartered Accountant) Port Harcourt, Nigeria

Feb. 2007 – Apr. 2009

Audit Executive.

Participated in opening meetings with client to explain the scope and objectives of the audit engagement to client and provide an overview of all steps in the audit process

Participated in closing meetings with client at the end of fieldwork, providing clear explanations for identified issues

Supported the Manager, Internal Audit in the development and implementation of the evolving Internal Audit methodology for FCU

Collected, coordinated and disseminated material for the quarterly Audit Committee meeting of client’s company

Organized and reference work papers for review by Manager, Internal Audit

Conducted investigations of suspected internal fraud in client’s company

Trained client’s accounts officer and staff on procedures and policies monitoring

Key Accomplishments

Proposed practical and value added recommendations to address control weaknesses and/or process inefficiencies of client’s company

Contributed to the safeguarding of corporate assets and the interests of client’s company by ensuring that appropriate internal controls are in place and operating effectively

EDUCATION

Bachelor of Science in Accounting, University of Ilorin, Nigeria.

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