Shared Services Accounts Payable

JOSH IDOWU

Chicago, IL *****//************@*****.***//708-***-****

Shared Services Director - AP

EyeCare Partners LLC

May 2022 - Current – (With 3 direct report and 23 indirect report)

Lead the department and actively manage development and supervision of team to meet deadlines, achieve Company goals and ensure compliance.

Communicate effectively with vendors and internal customers including responding to inquiries, data, and reporting requests. Research and resolve vendor issues timely.

Develop and maintain a documented system of Shared Service policies, procedures and SOX/Internal controls. Avoid SOX failures and remediate timely any deficiencies and SOX controls related to Shared services Process.

Ensure accurate and timely close of sub-ledger entries and accruals related to financial close

Review aging reports and perform collection activities to resolve past due Accounts.

Provides support for the Procurement and Sourcing team.

Coordinate with Internal/External auditors to ensure audit issues are resolved timely

Comply with all local, state and federal government reporting requirements and tax filings

Support the Credit limit review, billing, revenue, and Cash application process within the shared services function.

Work with Payroll on bi-weekly and off cycle adjustment and employee travel and entertainment reimbursement.

Manage company PCARD and T&E program.

Support treasury function through weekly cash forecast and bank/accounts reconciliations.

Participate in close activities including JE review and upload and review analysis.

Finance Manager

Cushman & Wakefield LLC

June 2021 to May 2022

Ensure accurate and timely periodic accounting closes and all client finance deliverables are consistently met

Produce month end reporting for client in agreed formats on all financial activities of the portfolio of properties under management

Maintain thorough understanding of the financial reporting and general ledger structure

Prepare client and corporate budgets and forecasts based on direction from facility and project management team members

Manage account payroll function including bi-weekly funding requests and payroll budgets and forecasts

Review and approve monthly bank reconciliations and oversee accounts payable and cash management processes

Review team members' financial reports to ensure quality, timeliness and audit compliance

Collect data, prepare reports and provide guidance related to trends, potential cost savings and building/performance metrics; incorporate key data into client scorecards and dashboards

Record internal revenue properly and remit collections of payroll and fees to corporate accounting on a monthly basis

Track team compliance with internal accounting policies and procedures; approve banking or financial transactions, schedules and reports in accordance with the SOC Policies and Procedures manual and training

Monitor team and/or market-wide requirements of timely tax payments, revenue portal updates, time tracking and Corporate Aging follow-up

Assess team/department workflows and policies to recommend or implement improvements in operating efficiencies and effectiveness

Lead departmental projects and/or assume a leadership role on one of the Client Accounting Committees

Performs other related duties as required including, but not limited to, internal and external audit support and ad hoc financial reporting requests

Director of Accounting – Global Process Improvement

Permobil Inc.

Jan 2020 to Mar 2021

Support the Shared Services Accounting functions to provide accurate and timely processing of all accounting transactions to customers and vendors.

Ensure best practices pertaining to the handling of all accounting transactions for AP, AR and GL and entries are recorded per GAAP.

Support periodic close activities, review monthly consolidated financial statements and related reports.

Assist in the budgeting and forecast expense process, Review monthly consolidated financial statements and related reports.

Transform Accounting organization through analysis of current business process leading to process improvement. Make recommendations on process changes based on experience, best practices, and feedback

Work with cross-functional teams to align opportunities and prioritize for success, design complex processes including process mapping

Understand and recommend system changes or new software to improve efficiency of processes

Build business cases including timelines that consider cost/benefit analysis, dependencies, and other initiatives that could impact success of projects

Develop performance metrics to measure the success of process improvements or implementations – large and small

Lead and participate in change management activities regarding process improvements to ensure adequate training is provided and stakeholders are engaged

Manager Financial Processes/Business Optimization

Save-A-Lot, Moran Foods LLC

June 2017 to January 2020

With 7 direct report and 18 indirect report)

Manage day-to-day P2P operation; payment runs, full cycle AP, balance sheet reconciliations, accruals and month end close activities.

Identify process improvement opportunities and tools to manage the procure-to-pay process.

Massive AP data cleanse and vendor reconciliation resulting in over $1M pick up to P&L.

Develop management reporting to assist management in managing their own budgets and take an active role in spend reduction opportunities.

Develop metrics, cash forecast, cash flow strategies and negotiate better payment terms with suppliers.

Create standard AP analytics, KPI dashboards, policies and procedures.

Monitor Corporate Card delinquencies, perform audits on Corporate Card transactions, ensure Corporate Card policies are followed and in compliance with controls

Developed controls on card spend such as limiting MCC codes available for valid transactions and setting dollar limits.

Assist Treasury with the negotiation and modifications to new and existing payment processing contracts and develop

RFP's as necessary for services, performs cost analysis, makes recommendations on proposals and works in conjunction with internal and external stakeholders to implement changes.

Ensure Service Level Agreements (SLA's) are being met when it comes to the company's credit card processors and gateway providers.

SME for Oracle ERP application, develop and implement financial and accounting best practices across business functions. Provide and validate necessary test data, processes, and controls and ensure integration of change activities

Review and execute end to end test scripts, requirement development, configuration solutions evaluation, validation and deployment.

Experienced in Business Process Consulting, problem definition, Architecture/Design /Detailing of Processes

Hands on support for Oracle Cloud AP, Receivables, GL, Expenses Fixed Asset and other finance modules.

Oversees daily accounting operations activities including accounts payable, proper recording of all cash, accounts receivable and expense accounts.

Manage the preparation, review and sign off on all Accounts Payable balance sheet reconciliations and certain income statement reconciliations on a monthly basis.

Provide System support for the implemented Oracle Cloud ERP, quarterly patches and other multiple lower integrated systems.

Manage local shared services team, the offshore team and ensure compliance to process and policies.

Manage process improvement initiatives within Save-A-Lot in addition to creating/updating corporate policies and training groups of all sizes on new processes and policies

Manager, Accounting operations

Forsythe technologies LLC

September 2016 to June 2017

Oversees the processes, systems, and personnel involved in supplier/vendor invoicing, travel management, and related disbursement operations to maximize effectiveness and accuracy.

Works with and through Financial Systems, IT, Order Management, Professional Services, Lease Administration, Tax, and various other department managers and staff to ensure continuous improvement, process automation, and resolution of root-cause issues affecting domestic/USD and international/foreign-currency supplier/vendor invoicing.

Acts as the primary contact with Order Management, Professional Services, Lease Administration, Tax, Financial Systems, and IT department managers and staff to ensure that supplier invoices for product, services, and lease-related procurement and related taxes are correctly and consistently coded, calculated, and paid.

Direction of supplier/vendor purchase order, invoice, and credit memo processing functions within Accounts Payable function, expense report processing within Travel Management function, and related disbursement functions, including complex transaction review, planning, management, problem-resolution, management of workflows, and coaching/training of staff.

Partner with Order Management, Financial Systems, IT and affected other business function leaders to identify, recommend, and design system solutions for opportunities for automation, process improvement, and improved internal controls within Procure-to-Pay processes and systems.

Evaluate current IT payment solution and Identify gaps to foster enhancement or purchase of new payment solutions to improve efficiency and save cost.

Document, monitor, and execute Policies and Procedures related to Accounts Payable, corporate procurement, and Travel Management functions to establish standard practices further ensuring accuracy and success of internal controls, financial reporting, and audit compliance.

North America Accounts Payable Manager, Shared Services

The Martin-Brower Company, L.L.C

April 2015 to September 2016

With 9 direct report and 10 indirect report)

Oversees the AP processes, procedures and team; including but not limited to compliance with policies and procedures, exception management, vendor management, and1099's.

Acts as a liaison between the AP team, distribution centers, supply chain, Central Data Management, finance and accounting to effectively manage the Company's relationship with its vendors, including vendor setup and maintenance, standardized payment terms, inventory discrepancies, etc.

Serves as the Company's subject matter expert on the Enterprise Resource Planning (ERP) Accounts Payable module as well as its functionality with other modules and interfaces. Designs test scripts to accurately test the ERP Accounts Payable module during system upgrades and enhancements.

Drives the corporate procurement (P-card) and travel card programs to maximize value while ensuring overall efficiency and controls of the payment methods.

Supports outside and internal auditors in the execution of their programs and supervises the coordination of workflow and documentation requirements. Reviews the findings of auditors and ensures processes are developed to minimize future findings.

Leads the design, development and implementation of streamlined processes, and internal controls for the AP function.

Creates operational and functional objectives and work plans, and delegate assignments to the team. Develops and monitors metrics, reporting and the performance of the AP team.

Prepares and manages the departmental budget assuring that work is managed in a cost-effective manner.

Establishes system controls for new financial systems and develops procedures to improve existing systems.

Global Finance Operation Manager, Accounts Payable T&E

Heidrick and Struggles LLC

August 2010 to March 2015

With 21 direct report reduced to 7 due to process improvement)

Finance Manager- POS Operations

Esprit GB Ltd

December 2006 to August 2010

UK and Republic of Ireland)

MTN Limited

September 2005 to December 2006

Finance Operations

Finance Administration and Inventory Manager

SHELLYS SHOES LTD

November 2002 to December 2004

Head Accounts

SAAP-TECH LTD

July 2001 to September 2002

EDUCATION

Institute of Financial Management

2014

Master's in international finance in international finance

London Metropolitan University

2004

Post Graduate Diploma in Financial in management

Ondo State University

2002

Higher National Diploma in (BSc) Accounting

Ogun State Polytechnic

1998

SKILLS

Proficient in the use of Microsoft tools and other office applications, ERP systems such as JDE, People soft, Concur,

Oracle EBS/Cloud fusion, Microsoft Dynamics, AS400, IFS, SAP, Peachtree Accounting, Pastel Accounting, and other Accounting based computer program.

Experience in finance operations, GAAP, SOX control, Reporting, Financial system upgrades, new implementations and conversions.

Dedicated and experienced Financial Manager, offering strength in Financial Operation Accounting, Reporting and Financial analysis. Oracle SME experienced in business requirements documentations, development, user testing and deployment. Superior client relationship manager talented at building strong working partnership with external and internal finance customers. Highly effective at facilitating cooperation between cross-functional team of varying stakeholders, result driven professional with a track record of exceeding operational and financial goals.

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