Obafemi Stephen Ogunrinde
Seeking full-time or part-time positions such as Assistant Accountant, Intermediate Accountant or Accountant in the private sector.
CLIENT-FOCUSED PROFESSIONAL ACCOUNTANT
Strong grasp of management accounting
Preparation and Interpretation of monthly financial statements
Over six years’ experience in different financial services companies
Budget planning, preparation and monitoring, along with performance evaluation for products, projects, groups and divisions
Experience in the planning and execution of interim and final audits
Expert proficiency in the use of Microsoft applications and various softwares such as SAGE, SAP, SWIFT, etc.
High integrity and strong ethical values
Great communicator and effective team player
Ability to multi task, work under pressure with minimal supervision and pay great attention to details
Excellent academic credentials with a Bachelor’s degree in Accounting and designations with ACCA, ICAN and CPA Ontario (in view)
AREAS OF EXPERTISE
Fixed Assets accounting
Statutory returns and reports
Account receivables and payables
Month end journals/General Ledger reviews
Financial statement preparation
Group structure reporting and cost allocation
Delivering presentations (internally and externally)
Aquila Leasing Limited, Lagos, Nigeria Sep. 2014 – Mar. 2016
Aquila Leasing is a financial services firm basically with a major presence in the operating and finance lease industry. It operates in the Small and Medium scale enterprises (SME) cadre with an annual turnover of $200,000 for 2014 financial year end.
Preparation of the monthly business unit’s / segment’s performance report by product and by location.
Financial planning and strategy in the long and medium term including budget control.
Allocating cost to strategic business units on a monthly basis, ensuring all indirect costs are shared appropriately
Effectively manage the tax exposure of the company, statutory return, audit and regulatory authority.
Prepared monthly accruals, prepayment, general ledger reconciliation, financial analysis and investment reconciliation, ensuring accuracy of investment portfolio balances.
Monitored compliance to ensure operation, business and financial risk is minimised
Prepared and submitted management reports in line with relevant IFRS and provided financial support to the business in month end reporting, balance sheet reconciliations, cash flow reporting and tax compliance, analysis and investigation of variances in the Management Accounts.
Fixed Asset Register – Recording, updating and maintaining the register and raising the necessary journals upon sale/disposal/transfer of assets.
Prepared audit files and provided information for statutory audits and presented financial records to meet requirements of external auditors.
Access Bank Plc, Lagos, Nigeria Oct. 2013 – Jun. 2014
Access Bank is one of the top 5 commercial banks in Nigeria with a customer base of over five million accounts and a turnover of $1.2billion for the 2015 financial year end. Access Bank’s business model cuts across retail, commercial, corporate and investment banking divisions.
Performance Management Officer – Corporate and Investment Banking Division
Providing support to all business units in the division to achieve all financial targets set for the periods
Coordinate monthly performance review sessions both at divisional and bank levels
Participate in strategy sessions for the division.
Interpreting, justifying, recommending action and driving performance within the business
Presenting a dynamic industry, competitor and economic context analysis to assist the business units
Supporting and influencing key operational and strategic decisions within the groups and division
Advising on key business planning assumptions, trade-offs and opportunities
Providing ad-hoc analysis and insights on specific issues as requested by executive management
Prepare daily commission and fees report for circulation to all relationship managers and group heads in the division.
United Securities Limited, Lagos, Nigeria Jan. 2010 – Feb. 2011
United securities is a share registration company. Formerly a non-banking subsidiary of Access Bank Plc and responsible for efficiently managing the share register of major clients such as Access Bank Plc, Dangote Group etc.
Supervise client invoice generating and posting, ensuring delivery to clients on a T+3 basis and carry out periodic reconciliation on accounts receivable ledger. Also preparing periodic age analysis report on receivables.
Reconcile over 20 dividend collection accounts and prepare reconciliation statement report. Also investigating outstanding reconciling items and carrying out corrective actions by way of adjustment journals
Prepare monthly staff payroll, accounting for accrued and prepaid leave and medical allowances for staff as they occur and passing the necessary month end journals.
Reconciliation & management of fixed asset register which also includes asset depreciation reports. Ensuring posting of necessary journals for additions, disposals and write-off of fixed assets as they occur.
Controlling expenditure and forecasting income streams on a monthly basis as well as preparing monthly variance reports providing detailed explanations for any favorable or adverse variances.
Supervision of banking relationships – Ensuring that all transactions are treated correctly by the banks and monitoring compliance with agreed service level agreements
Computation of all interest income on all deposit investments. Ensuring that the banks comply with agreed interest/charges and promptly resolve any variance with the affected banks.
Preparation of audit schedules for all asset, income, expenditure and liability ledgers and providing explanations and additional information to external auditors where required.
Prepare monthly performance reports for onward submission to the parent company in order to produce monthly, quarterly and annual consolidated financial statements.
Carrying out periodic assessments of business, identifying potential business and finance risks and accurately notifying senior management for immediate action.
Produce timely month-end treasury reports (including bank reconciliation statements, customers account reconciliation, schedule of bank transfer, age analysis of debtors & pending reconciliation items) showing the trends and results of variables being monitored and verified by the treasury unit.
Monitor funds movements between bank accounts (e.g. interbank transfers) to ensure funds are made promptly available for investment and ensure that investment income is tracked.
Computation of monthly Value Added Tax (VAT), Withholding Tax (WHT) and Pay as you Earn (PAYE) tax and processing remittances to the appropriate tax offices as well as pension remittances, ensuring compliance with statutory regulations. Ensuring that the company is at no time exposed to late tax returns and suffers no penalty as a result.
Preparation of annual budgets – Income and expenditure budgets to reflect the company’s goals and objectives for the financial year as well as consistently monitoring performance and producing reports to inform senior management and the parent company.
Bowen University, Iwo, Nigeria Oct. 2003 – Jul. 2007
Bachelor of Science Degree – Accounting (Major)
Comparable with a Canadian Bachelor’s Degree
CPA Ontario – In view (I am currently processing a conversion under the mutual recognition agreement between both bodies. I hope to conclude this by the end of Q1,2018)
Association of Chartered Certified Accountants (ACCA) Sep. 2016
Associate Member – 2124478
Institute of Chartered Accountants of Nigeria (ICAN) Nov. 2012
Associate Member – MB036516
Soccer, watching movies, travelling.