Eniafelamo Balogun

*B Jimoh Farombi Drive Ire Akari Estate, Isolo, Lagos

*** 803-***-**** acykch@r.postjobfree.com

Senior-Level Finance Manager Head of Finance

Financial Stewardship Risk Management Controllership

Dynamic and top-performing Finance Controller. Fourteen years of extensive background in driving cost savings and business efficiency initiatives; investigating issues as well as establishing positive relations. Influential strategist with talent for developing optimal solutions and originating consensus; Assertive, Strategic and result oriented manager with extensive experience in FMCG and Oil and Gas. Possesses leadership, problem solving, interpersonal as well as technical skills; - tax, investment, audit, control, reporting, project management, forecasting and treasury.

Areas of Expertise

Process & System Audit

Budget & Forecasting

Contract Negotiation

IFRS Reporting

Change & Project Management

Financial Reporting/Analysis

Tax Planning & Compliance

Process Documentation

ERP, Microsoft Applications

Resource Allocation

Treasury Functions

Analytical Skills

Professional Experience

VARDE CONSULTING, Lagos, Nigeria 2016 – Present

LEAD CONSULTANT

Lead efforts aimed at providing clients with specific and personalized financial and project management services

Responsible for daily operations aimed at meeting defined targets

Take charge of business development; ensure resource optimization and client satisfaction.

Transocean Support services LTD & Indigo Drilling Limited, Lagos, Nigeria 2013 – 2016

Finance Operations Controller

Organize and submit budget/forecasts exercise within timelines; monitor budget accuracy and deliver explanation on deviation from plan to aid management in planning; ownership of periodic financial reporting to measure performance and aid decision making.

Accounting for annual revenue in excess of $0.4B; critically review daily finance operational tasks; create reports and review periodic country financial and compliance position.

Ensure project planning, execution and close-out is in line with financial guidelines, policy and approved budgets; explaining and offering advice to management on project overrun.

Responsible for financial appendix aspect of contracts – including revenue escalation; ensuring organization’s interest is protected.

Finance partnering to local management; ensure processes and controls are in place and working

Enforce adherence to policies and procedures; answerable for treasury, audit, internal and statutory reporting.

Responsible for payroll review as prepared by HR

Transocean Int’l Resources Limited, Aberdeen, UK 2010 – 2013

Senior Project Controller – Africa and Mediterranean, 2012 – 2013

Ensured compliance with financial policies, procedures and local fiscal laws especially tax related issues in country of project execution.

Drove stage gate approval process for projects; answerable for financial reporting of assigned projects in the region.

Delivered direct support to standalone projects and supported Regional Controller as required.

Responsible for budget and forecast process for projects within Africa; Liaising with finance operation teams.

Project Controller - Europe & Africa Business Unit, 2010 – 2012

Administered finance, administration, logistics and procurement functions for projects; ensured compliance with company and regulatory bodies' requirement for project execution.

Mentor employees on career development; operated as Project Controller for projects in excess of $0.5 Billion yearly.

Defined budgets into activities and Work Breakdown Structures; to ensure strict adherence to budgetary provisions.

Transocean Support Services Nigeria Limited, Nigeria 2007 – 2010

Senior Management Accountant, 2009 – 2010

Management Accountant, 2007 – 2009

Analysed costs related to rig maintenance, capital expenditure, personnel expenses and miscellaneous operating expenses; reviewed consolidated balance sheet notes and bank reconciliation statements.

Responsible for all aspect of; revenue reporting, accounts payable and receivable follow up for assigned Rigs.

Competently collaborated with Rig manager and ensured proper budgeting, financial reporting and accounting for major maintenance projects with respect to assigned Rigs.

Completed audit schedules for several audits and upheld compliance with the requirements of Sarbanes Oxley.

Lead process for the compliance and reporting of local content Act (Finance appendix)

Unilever Nigeria PLC, Nigeria 2007 – 2007

Factory Accountant, Oral Care Factory

Evaluated capital budgeting and drove cost control initiatives

Explain periodically, variance analysis to aid in management decision making.

Responsible for mentoring and career development of team members

Unilever Nigeria PLC, Nigeria 2004 – 2007

Lead Internal Auditor

Executed and established internal audit plans; facilitated monthly business risk assessment sessions; coordinated process documentation review and companywide awareness and monitoring of code of business principles (CoBP)

Access Bank of Nigeria PLC, Nigeria 2003 – 2004

Relationship Officer

Accountable for customers’ credit rating, liability generation and preparation of consumer team’s bank balance sheet.

Key Projects & Achievements

Shorebase Reorganization Lift – Focal for the successful segregation and hand over transactional aspect of finance department to newly created accounting hub in Europe. This was done remotely in record time with no major surprises.

Collection of Already Expensed Costs – Leading the Nigeria team, we ssuccessfully championed the billing and collection of customs duties that were already expensed and considered not collectible from customers. This involved putting together justification for each transaction for client’s acceptance and approval. Recovered costs are in excess of $2M, several transactions and working with 3 customers (Agip, Nigeria Petroleum Development Company and Addax Petroleum).

Template for Lump Sum vs. Daily Rate – As Senior Project Controller, created a template that determines which route to go with respect to lump sum or daily rate for the Shipyard Company. This template was adopted by the project group.

Executive Vice President Commendation – Successful completion of GSF Constellation II upgrade project (Las Palmas, Spain) within approved OOS days and zero TRIR – Transocean 2012.

CEO Commendation – Successful completion of GSF Baltic upgrade project (Lagos, Nigeria) within approved budget (Money and days) and zero TRIR – Transocean 2012.

CEO Commendation – Completion of Sedco Energy upgrade project (Las Palmas, Spain) within budget and zero TRIR – Transocean, 2011

GOCAT (Global Operation and Control Assessment Tool) Implementation in Unilever – Team Lead (2006)

Education & Credentials

Masters of Business Administration (MBA), Edinburgh Business School, Herriot Watt University, Edinburgh, UK, 2015

Certificate in International Financial Reporting (CertIFRS), Association of Chartered Certified Accountants, ACCA 2015

Associate Chartered Institute of Taxation of Nigeria (ACTI), Chartered Institute of Taxation of Nigeria, CITN, 2015

Project Management Professional (PMP), the Project Management Institute (PMI), United States, 2009

Associate Chartered Accountant (ACA), Institute of Chartered Accountants of Nigeria ICAN, 2005

B.Sc. Accounting (Second Class Upper), University of Ilorin, Ilorin, Nigeria, 2002

Conferences/Training Programmes Attended

Conferences & Trainings on Industry & Professional Based Topics, United Kingdom, United States & Nigeria

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