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Financial Accountant

Location:
Lagos, Nigeria
Posted:
August 03, 2019

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Resume:

ODEYEMI, ABIOLA MOSES

www.linkedin.com/in/odeyemi-abiola-aca-acti-8535a665

***, *** *** ****, ***-ODO, LAGOS

E-mail: ac9y1q@r.postjobfree.com Mobile: +234 803-***-****

PROFILE

A highly motivated chartered accountant with over 9 years cognate experience and records of accomplishments in financial reporting, control and compliance, financial analysis, corporate finance, strategy planning and implementation, corporate governance, cost management, due diligence, taxation, budget and forecast, business development and administration demonstrated by steady promotions into positions of higher responsibilities.

I intend to continue to work in a dynamic organization where I can contribute my professional skills and expertise in achieving the organization’s strategic goals while developing myself and obtaining career progression.

PROFESSIONAL EXPERIENCE

UAC OF NIGERIA PLC October 2015 till date

Lagos, Nigeria

Recruited as a Financial Accountant and assigned to various Business Unites within the group. I have assumed Senior Management roles at UAC Risk and compliance, UAC Foods Limited and currently at CAP PLC saddled with the responsibility for financial reporting, financial analysis, corporate finance, capital allocation, strategy planning and execution.

FINANCIAL ACCOUNTANT March 2016 till date

CAP Plc

Lagos, Nigeria

Provides Management with timely, accurate and reliable accounting information and statistics suitable to the need of running the business effectively and efficiently.

Prepares published financial statements annually, bi-annually and quarterly in accordance with the prevailing IFRS and statutory regulations.

Ensures that established accounting systems and procedures are adhered to and recommended controls necessary to safeguard the company assets and income

Maintains proper records of all company’s assets, liabilities and trading functions and the security of the assets.

Implemented effective accounting procedures and internal controls which conform to corporate standards and ensure that they are followed.

Conversant with current accounting standards and Group Accounting Manual and ensure compliance with the provisions therein.

Organizes preparation of monthly financial accounts and ensure that all accounting returns and statements are submitted on due dates to managements.

Prepares Monthly Cash Forecast and ensure proper analysis of payments made within the month.

Acts as finance controller in absence of the substantive finance controller.

Prepares quarterly financial statements for board approval and upload on NSE/ SEC portal.

Maintains efficient and effective fixed assets system covering:

The day-to-day recording and control over the company’s fixed assets.

Monitoring and reporting of capital expenditure compared with budget to ensure limits are not exceeded, unless properly authorized.

Scrutinizes payment vouchers before payment is effected with a view to controlling expenses

Identifies areas of cost savings by assessing and recommending to Management improvement in organizational problems. To ensure that revised systems aimed at improving efficiency are maintained.

Ensures that salary cheques are delivered to banks before payday. To coordinate the setting of account closure dates for the business as a whole and timetable for the rendition of daily, weekly, monthly, quarterly and annual schedules and reports

Ensure that the company takes advantage of discount and credit facility offered by creditors and ensure that creditor’s settlements are not unduly delayed in order to avoid disruption of suppliers/services.

Examines all bank reconciliation and follow up any unusual and overdue items to prevent fraud. Maintain liaison with banks on relevant banking matters as appropriate.

Attends to internal (KPMG)/ (Deloitte) and external Audit (EY) request/enquiries and ensure Audit report recommendations are followed up and implemented according to company procedures.

Prepares monthly reports to UACN

Achievements

Actively involved in revenue growth by 9% in 2018 when compared with previous years.

Resolved long outstanding bank reconciliation issue on SAP as a result of transition from SAGE to SAP thereby savings N38m for the company due to my vast knowledge on SAP.

Factory Accountant/Financial Analyst October 2015- February 2016

UAC Foods Limited (a Joint Venture of UAC of Nigeria Plc and Tiger Brands of South Africa)

Lagos, Nigeria

Ensure controls are documented and effective. Periodically test the controls and performed regular review of all processes including Finance, Order to Cash, Procure to Pay, Inventory Management, Quality Assurance etc

Shares and stock Valuation.

Preparation of weekly variance analysis for management decision

Stock management and conducting monthly stock take exercise.

Stock management.

Achievements

Developed documented process and procedure.

Built a formidable team and trained a successor.

Financial and Management Accountant April 2010– October 2015

Aluminium Rolling Mills Ltd (Subsidiary of Tower Aluminium NigeriaPlc)

Ota, Nigeria

Responsible for the finalization of monthly statutory accounts and reporting in the ERP-SAP for consolidation purposes with Tower Group.

Ensures that the Annual accounts and Statutory reports are prepared timely, accurately and in accordance with IFRS and statutory Regulations;

Prepared and filed Value Added Tax (VAT), Witholding tax (WHT) and Pay As You Earn (PAYE) with the appropriate tax authority.

Organizes and coordinate monthly stock taking exercise and stock reconciliation exercise.

Preparation of expenses analysis and explanations of variations.

Fixed asset and depreciation management.

Prepares ad-hoc internal reports for Management decision making purposes;

Monitors and review general ledger to ensure integrity and accuracy of the transactions daily.

Intercompany transactions management and reconciliation.

Preparation of budget and monitor variance.

Company representative with external auditors and tax authority.

Review financial reports and performance analysis

Achievements

Successfully implemented the application of IFRS in the preparation of financial statements.

Introduced controls to safeguard company assets and cash

BIODATA

Sex: Male

State of Origin: Osun State

Nationality: Nigerian

Marital status: Married

EDUCATION AND CREDENTIALS

Cambridge International Qualifications

PGD (Finance and Risk Management) 2019 –In view

KPMG 2017

IFRS Certification

Chartered Institute of Taxation of Nigeria

Associate Member, November 2015

Institute of Chartered Accountants of Nigeria

Associate Member, November 2012

Nigeria Institute of Management

Graduate Member, 2011

The Federal Polytechnic, Ado-Ekiti, Ekiti State, Nigeria

HND (Distinction) - Accountancy, 2009

The Federal Polytechnic, Ado-Ekiti, Ekiti State, Nigeria

ND (Upper credit) - Accountancy, 2006

NATIONAL CERTIFICATE

National Youth Service Corps (NYSC), 2010

SYSTEMS SKILLS

Microsoft Office (Advanced), Quick Books, Octopus ERP and Systems, Applications and Products (SAP).

CORE COMPETENCIES

Sound knowledge and application of accounting principles and Nigerian tax system

Practical financial reporting skills including published statement of financial position, comprehensive income statement and cashflow statement

Good knowledge of month end account closure process, reviews, intercompany reconciliation and reports

Management accounts and statutory year-end financial reporting process experience including consolidation

Strategic financial planning skills, excellent business acumen and negotiation skills

Budget development, control and deviation analysis

Good financial analysis and presentation skills

Meeting tight reporting deadline.

Performance monitoring and quality measurement

Strong interpersonal communication and stakeholder management skills

Multitasking and effective team player



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