Sanyaolu, Matthew Adetunji
Fairfield Ohio 45014
A seasoned Fixed Assets Manager with over 15 years of practical work experience. An achiever in that I have been successful in meeting set goals within set time leading to a profitable relationship in my career.
Graduated from Federal Polytechnic Ilaro in 1998, I was fortunate to have joined a consulting firm- Global Partners in February 2001. The training received followed by practical work experience was instrumental to my entry into Fixed Asset Accounting & management. I was with Global Partners for 17 months.
While in Global Partners, I was part of the team that successfully raised funding for MTS in 2002
In May 2003, I joined Guinness Nigeria Plc as a Fixed Asset Verification Officer. As a team player, my leadership skills and ability to manage, deliver project came to play when I was chosen by the management to lead a team of verification officers to Benin Breweries on Verification Project conducted in 2003. This project recorded a huge success.
I really enjoyed my role at Guinness Nig. Plc but I was considering other opportunities in the Telecommunication sector and so, in August 2003 I moved to MTS First Wireless, a Code Division Multiple Access (CDMA) Telecommunication Company as Finance Operation Specialist, a position I occupied until 2008.
Also while in MTS I was instrumental to the savings of N283.7 million for MTS during debt forgiveness meeting with the company creditors. This were contracts relating to the procurement of Fixed Assets of the company 2005 .
In year 2008 August, I was concerned that MTS First Wireless will be unable to secure another round of funding that was highly required as working capital that time, hence I moved to Food concepts Plc as Fixed Assets manager, a position I occupied until 2011.
2011 August precisely, I moved to Tokunbo Ayorinde & Company. It’s a real estate company where I served till as its finance controller till April 2017.
To build a professional career in my area of specialization and also in a dynamic and productive Organization where the enabling environment is provided for the realization of an individual’s optimum potential in the course of achieving set Organizational goals and objectives
Over 15 years proven post qualification experience in Finance Background in a wide range of industries which include Manufacturing, Information Technology, Consulting and Telecommunication
Food Concepts Plc -Fixed Asset Manager (Accountant)- August 2008 to date. Also in 2013 july, was move to SCD as Supply Chain Division Operations Accountant.
Managing of the Group Fixed Assets through Oracle Financials-Fixed Asset Module
Formulation and implementation of the company’s Fixed Asset Policy
Approval of the new acquisition of Fixed Asset and ensuring due process are being followed
Carry out regular review of company’s Asset, advise on additions, transfers and disposals, identify fully depreciated asset and advice management for disposal
Play a critical role is the disposal process(Determination of NBV of the asset in view and liaise with admin unit for request for quotation from potential buyer
Reclassification of assets from CWIP, Unallocated and G.I.T assets to appropriate Asset Category/Class upon project completion
Organize at group level asset verification exercise
Continuous update and maintenance of company Fixed Asset Register
Run monthly depreciation and amortization during financial closing
Liaise with the admin officer on incidence of theft, accident, burglary or fire outbreak and follow-up on claims with insurance company
Monthly preparation CAPEX report (Additions to fixed Asset) to the management
Attend to external Auditors(i.e)Provision of fixed asset schedules, documentations and other
relevant information for audit purposes
1.Coordinated and managed the verification and tagging exercise of the company Fixed Assets in Head Office and other 70 stores/locations nationwide in year 2009 and 2014 respectively.
2.Organize at group level asset valuation exercise involving property valuation company e.g knight Frank, Jide Taiwo &Co in 2012 and 2014 respectively
3.Writing up and implementation of all processes (Acquisition, Movement and Disposal) relating to Fixed Assets which increases the company’s chances of getting ISO certification in 2009
4.Responsible for creating & Setting up the Company’s Fixed Asset Register.
5.Supervised the cutting-off process (i.e)Fixed Asset data gathering, verification and migration of the Data Base from Sage Pastel Evolution into Oracle Application-Fixed Asset Module in 2010
Food Concepts Plc –Supply Chain Division SCD- (Operation Accountant)- August 2013 to date
REPORTING ACCOUNTANT FOR SCD, PIE EXPRESS AND CENTRAL KITCHEN
1.Preparation of monthly financial performance for SCD division with comprises of 2 additional Units namely central kitchen and Pie express respectively.
2.Monthly preparation of consolidated management accounts for the SCD division
3.Preparation of Annual budget for SCD division
4.Approval on daily operational expenditures and ensuring cost minimization is maintained
5.Setting operational controls and ensuring strict compliance
6.Attending Project meetings relating to store opening and revamp
Supervisory Treasury functions:
7.Monitor daily bank balances to ensure overdraft limits are not exceeded through preparation of Daily Cash Position Report.
8.Ensure prompt reconciliation of all Bank accounts, review all Reconciliation Statements and follow-up with Banks on areas of disagreement such as un-credited lodgements and excess bank charges.
9.Check to ensure that Cash-Book balances agree with each Bank General ledger/Trial balance.
10.Prepare monthly Cash forecast, Cash flow Reports (Source and Application of Fund).
11.Processing of suppliers invoices and payment of due bill
12.Management of all receivables and payables
13.Preparation of Creditors’ Aging Analysis on critical stock items
14.Ensuring that funds is available to service our stock obligation
Supervisory Receivables functions:
1.Management of all sales invoices to both internal and external customers
2.Monthly reconciliation of AR Debtors Account (Internal & External)
3.Preparation of Weekly shipment Details Reports to Brands
4.Tracking of all receivables on Oracle
5.Ensuring monthly stock take exercise
6.Provision of financial and administrative control
Technical Oracle Control functions:
1.Monthly update of Inventory Item prices
2.Monthly Running of OPM Financials
3.Closing and Opening of Periods calendar on Oracle
4.New items Creation on Oracle
5.Management of Inventory Master List
6.Inventory Snap shot during Month end stock take
7.Management of the following Oracle Modules
Order Management Module
Fixed Assets Module
Cash Management Module
Tax Functions/Responsibilities at Food concepts Plc
Management of the company tax systems by liaising with the relevant tax authorities
Monthly filling of Vat returns to tax Authority
Ensuring prompt remittance of the WHT to both LIRS and FIRS
Liaising with Tax Auditors during Tax Audit Exercise
MTS First Wireless Limited -Finance & Accounts Unit. (Financial Reporting Specialist) 2007 to August 2008
Budget analysis and monitoring to ensure that actual expenditure is within budget limit and highlighting variances.
Preparation of monthly income statement.
Revenue assurance duties via audit of IS report to ensure proper verification on all CDR information including the prepaid and post-paid billing report.
Report aging analysis of accounts receivables and payables.
Managing and reconciliation of interconnect partners account.
Gateway carrier relationship management and credit control.
MTS First Wireless Limited - Financial Operation Specialist (2003 to 2006)
Fixed Assets, Payables,Receivables and General Ledger Operations
Accounts for fixed assets acquisitions, transfers and disposals
Run depreciation &amortization of fixed/other assets for monthly closure
Review and Verifies accuracy of F/A system on monthly basis
Preparation of Fixed Assets Movement Schedule
Receivables & Payables reconciliation
Partakes in Fixed Asset verification activities
Maintain creditors’ listing and capture all vendors billings
Ensure proper settlement of vendor payment
Constant communication with the vendors
Verifies billings are accrued timely
Reconciles interconnect billing
Monthly interconnect billing/Invoice generation via oracle platform
Verifies all withholding taxes and vat are accurately captured
Gateway and Interconnect accounting
Prepare monthly profitability report on Gateway Carriers to Management
Coordination of annual statutory Audit exercise
Review of issuance of purchase order on contracts/supplies to ensure compliance with agreed terms and conditions
Preparation of Monthly creditors’ Aging Analysis to aid management decision on timing on critical payment
Maintenance of analysis schedule on incoming and outgoing traffic for all PTO, GSM, and Gateway partners
Review of transaction to ensure they are have been properly authorized and coded
Set up of process (Service Level Agreement) for issuance of purchase order for contracts
Achieved a savings of N283.7 million during debt forgiveness meeting with the company creditors in 2005 over early part of 2006
Guinness Nigeria Plc- May 2003 –July 2003
Fixed Asset Verification Officer (FAVO)
Coordinating verification exercise on the company’s fixed asset
Continuous update and maintenance of company Asset Register
Reporting to the Project Accountants on matters relating to acquisition and disposal of company asset
Successfully led a team of asset verification officers to Benin Breweries on asset verification and tagging exercise-2003
Global Partners & Co. Ltd- February 2001 –June 2002(Accountant)
Preparation of Annual Budget
Preparation of Management Account
Verification of bank interest charges
Contribute and involve in the write-up of Business Plan
Raised working capital for MTS First Wireless Limited
Proficiency in the use of Microsoft office suite
OTHER ACCOUNTING SOLFWARE SKILLS:
Oracle Financials-(General Ledger & Fixed Asset Modules)
Sage Pastel Evolution
I possess strong analytical and reporting skills and have no difficulty in relating with co-workers and/or supervisors
A self starter, highly numeric with good writing skill
Ability to prioritize,
Ability to work under pressure,
Ability to focus on projects,
1994-1998 The Federal Polytechnic -Ogun State
1985-1990 Baptist Boys’ High School –Abeokuta ( Ogun State)
West African Senior School Certificate
Student Member-Institute of Chartered Accountants of Nigeria (ICAN)
Associate Member, Nigerian Institute of Management (AMNIM)
DATE OF BIRTH 26th February 1972
MARITAL STATUS: Married
NATIONALITY : Nigerian
REFERENCES : Available on Request