Bamidele Enitan Adekala

** **** ******, **** ******, NJ. 07017

ad2jbn@r.postjobfree.com

+1-973-***-****

Summary:

Accomplished Professional Accountant with comprehensive experience driving successful initiatives and accounting projects, Accounting and Financial Management.

High level expertise in skillfully overseeing successful implementation of accounting projects in enhancing timely presentation of accounting reports and information to stakeholders.

Demonstrated success in using innovative approaches and practical on job training experience gathered over the years to put in place internal control system covering every aspect of the business: Production, Quality Control, Supply Chain, Sales, Marketing, and Human Resources, that culminated in efficient and effective running of the business.

Possesses outstanding interpersonal and communication skills with ability to develop and maintain strong working relations at all levels.

Skills:

Financial Control

Accounts Receivable

Account Payable

QuickBooks

Oracle ERP

Collections

Accounting Specialist

Accounts Receivable Specialist

Microsoft Excel, Word & PowerPoint

Advanced Bookkeeping Skill

General ledger accounting

Cost and Management Accounting

Financial Management

Information Technology Management

Budgeting & Budgetary Control

Cash flow statement

Funds Management

Account reconciliation specialist

Payroll

Sage Accpac

SAP

Tax Accounting Specialization

Billing and collections best practices

Business Development

Key Account Management

C-level Relationships

Education:

Obafemi Awolowo University, Ile Ife, Nigeria

MBA in General Management

Yaba College Of Technology, Lagos, Nigeria

Higher National Diploma in Accountancy

Certifications:

Certificate of Income Tax Completion, H& R Block Tax Inc. USA

Professional Affiliation:

Fellow Institute of Chartered Accountants Of Nigeria

Accomplishments:

As Accountant, Best Western Plus Lagos Ikeja Hotels, Set up internal control and accounting system for efficient running of all the three hotels under the group.

Achieved - Successful implementation of QuickBooks accounting package for capturing of accounting data.

Successful implementation of Front office software (Brilliant) for capturing of critical data of the hotel.

As Factory Accountant, UAC Foods, Put in place necessary control measures and create essential records to capture data used in the analysis of production variances and losses. Achieved: -A substantial reduction of monthly production variances and losses from a monthly average of $2.5 m to $1.3m.

In 2001, I handled the separation of UAC restaurant Accounts from that of UAC Foods.

Active member of computer steering committee for successful implementation of tetra cs3.

Achieved successfully set up management accounting function of UAC restaurant operations.

Successful implementation of tetra Cs3 (Sage line 500) system of accounting within a period of one year (2002).

Experience:

INVESTMENT ACCOUNTANT 08/2022 TO DATE

AMTRUST INVESTMENT FINANCIAL COMPANY

Calculate and post journal entries relating to investment holding and income.

General ledger account reconciliations

Reconcile custody statements (Clear Water) to general ledger.

Reconciliations across different informational platforms. (GAAP, STAT and IFRS, etc.)

Monthly IFRS closing process.

Maintain, investigate and correct differences between investment accounts within the various platforms.

Assist the Investment Supervisor and VP Of Finance, Investments & General Accounting in producing deliverables for Budgeting process, Board of Director's Meetings and other presentations and research.

Adhering to timelines set in closing calendar.

Pilot Freight Services, Elizabeth, New Jersey Mar 21 – June 22

Accountant

Duties and Responsibilities:

Auditing & reconciling system generated vendor and customer invoices and Accounts.

Billing and receiving freight bills. Invoice review and corrections.

Accounts Receivable, Accounts Payable and Collections on daily basis.

Keeping compressive list of vendors, Reconciling with vendors where disputes are raised.

Ensure prompt payments to vendor in accordance with payment terms. Ensuring that sales taxes are accounted and rendered to the government.

Recommend ways to reduce costs and enhance revenue. Prepare documentation for External Auditors.

Coordinate semi-annual audits and assist the District Manager in running audits. Ensure that accounts are prepared in line with General Accounting Principles GAAP)

Reconcile accounts, such as Bank Statement with ledger balances, Account payable and receivable, accrued prepaid accounts and credit cards.

Generate, analyze and reconcile financial reports periodically and alert the District Manager if necessary.

H&R Block Inc., Maplewood, NJ, USA Sep 19 – Mar 21

Professional Tax Preparer

Duties and Responsibilities:

Reviewed clients’ tax filing papers thoroughly to determine eligibility for additional tax credits or deductions.

Conducted reviews of internal tax documentation, reducing errors related to missed tax benefits.

Maintained complete records of client tax returns and supporting documentation in secured areas.

Contacted IRS or other relevant government organizations on behalf of client to address issues related to tax self-preparation.

Worked with Accounts Receivable, Accounts Payable and Collections on daily basis.

Offered clients recommendations to reduce tax liabilities.

Consulted with clients to assess and mitigate future tax liabilities and determine eligibility for tax abatement.

Interviewed every client to collect information and gather necessary paperwork prior to preparing tax returns.

Completed and filed returns with tax departments at local, state and federal levels.

Reviewed available data and compared against tax code to determine exemptions, deductions, and potential liabilities.

Prepared written responses or tax return amendments to resolve state and federal notices.

Prepared tax returns, extensions, tax planning calculations and write-ups for all types of organizations and entities, including individuals.

Richard Ashaju & Co. LLC, Houston, TX USA Jan 18 – Aug 19

Accounts Payable Specialist

Duties and Responsibilities:

Worked closely with department personnel to produce accurate and timely bills.

Maintained current understanding of state and federal accounting procedures to prevent any legal or compliance issues.

Prepared and updated vendor files, including tax and insurance information.

Reviewed bank account statements to reconcile accounts by documenting correct financial information in general ledger.

Code invoices and other records to maintain organized and accurate records.

Ensuring that payments are made to vendors monthly, weekly or daily in line payment terms agreed with the vendors.

Problem-solved accounts payable questions on behalf of internal team members, management and vendors.

Compiled budget documents and monitored costs to maintain control systems.

Assisted with month-end and year-end closings to support accounting system accuracy.

Reconciled monthly statements and transactions to keep records accurate and current.

Analyzed invoice and expense reports, identified variances and researched issues to correct problems and maintain financial compliance.

Calculated and verified all figures, calculations and documents.

Reduced financial discrepancies by accurately processing invoices and journal entries with zero discrepancies.

Processed incoming payments worth up to $25 million, confirming information to maintain 100% accuracy.

Handled high-volume invoice processing for 100 operation.

Exceeded daily and monthly transaction quota by average of 15%.

Calculated month-end accrual entries for trade payables.

Supported senior leadership by producing month-end closing reports and advising on remittance for quick resolution.

Verified vendor accounts by reviewing documentation, rectifying issues and contacting accountholders.

Applied mathematical skills to calculate totals, check figures and correct problems with physical and digital files.

Managed bookkeeping and accounting systems and completed data entry with accuracy and efficiency.

Compiled financial data including compliant ledger and journal records.

Assisted managing leaders to identify and eliminate non-value added tasks.

Managed over 100 accounts worth over $100 million with accuracy in Sage ACCPAC.

Maintained detailed and accurate ledgers and demand notes documents to accurately communicate payment needs to clients.

Applied mathematical abilities on daily basis to calculate and check figures in all areas of accounting systems.

Applied proper codes to invoices, files and receipts to keep records organized and easily searchable.

Best Western Plus Lagos Ikeja Hotels, Lagos, Nigeria Jan 15 – Dec 17

Accountant

Duties and Responsibilities:

Develop, implement and interpret Accounting policies suitable for day- to- day activities of company.

Establish, implement and monitor financial controls in respect of expenses, working capital management and capital expenditure across business.

Responsible for preparation of company's monthly, quarterly and annual accounts including risk management, Inventory & debtors assessment and cash flow statement in compliance with all statutory requirements and companies accounting policies.

Coordination of activities leading to preparation of company's annual budget estimate and long term plan and identify key indicators suitable for analysis and monitoring performance and trends.

Coordinate and ensure satisfactory operation of overall internal controls in company through adequate supervision and obtaining feedback from other department heads.

Ensure physical security of all company assets in all locations and ensure proper records are kept & constantly updated.

Completed daily accounting tasks including tracking funds, preparing deposits and reconciling accounts.

Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating and all types of cash and banking reconciliations with 100% accuracy.

Partnered with auditors to prepare yearly audits and ensure compliance with governmental tax guidelines.

Maintained integrity of general ledger, including chart of accounts.

Maintained up-to-date knowledge of tax codes, legislation and tax programs.

Provided journal entries and performed accounting on accrual basis.

Created periodic reports comparing budgeted costs to actual costs.

Investigated and resolved variances in digital and physical records to promote record integrity.

Reviewed and processed employee expense reports and vendor invoices for payment.

Reconciled accounts and reviewed all materials, including surplus, income, expense data, net worth and assets.

UACN PLC, Lagos, Nigeria Jan 12 – Dec 14

Management Accountant

Duties and Responsibilities:

Determine cost of sales for each product by establishing and constant review of cost templates.

Periodic review of products and materials standard cost with logistic, marketing and quality control departments to determine product profitability.

Prepare and review brand profitability report with brand managers and company’s members of executive constantly.

Carry out investment appraisal of proposed projects by the technical department to determine the viability.

Compute, monitor and review factory variances reports with the factory managers and business executive members.

Established complete accounting structures, processes and controls to meet business requirements.

Liaised with auditors to complete annual audits and maintain compliance with local, state and federal requirements.

Evaluated accounting controls on frequent basis in order to assess and devise potential improvements.

Reviewed and reconciled discrepancies in accounts and financial documentation.

Coordinated and completed month-end closing processes within deadlines.

Supported human resources by tracking EEO statistics for annual reporting.

Enhanced operational efficiencies, processing data analysis to further implement best financial practices for client retention.

Assessed accuracy, completeness and integrity of company financial records.

Supported senior leadership by preparing monthly and quarterly financial statements to enhance database accuracies.

Worked with leadership to prepare operating budgets and facilitate financial planning.

Diminished financial discrepancies, accurately reconciling accounts while reviewing material assets, net worth, liabilities, surplus, income and expense data.

Managed movement of over $10 million in funds every week.

UAC PLC, Lagos, Nigeria Jan 08 – Dec 11

Accounts Receivable Specialist

Duties and Responsibilities:

Performed targeted collections on past due accounts aged over 30 days.

Produced, distributed and tracked more than 1000 monthly invoices for food business.

Prevented impending loss and increased profitability by enforcing scheduled collection campaigns, consistently achieving targeted recovery rate.

Handled high volume of in-bound calls pertaining to reconciliation of delinquent accounts.

Contacted clients with past due accounts to formulate payment plans and discuss restructuring options.

Worked with Sales team and assisted Financial Accountant to properly apply customer remittances.

Managed efficient cash flow reporting, posted cash receipts and analyzed chargebacks, independently addressing and resolving issues.

Applied more than $10 million payments per week.

Identified, researched and resolved billing variances to maintain system accuracy and currency.

Reviewed accounts on monthly basis to assess aging and pursue collection of funds.

Closely managed monthly reconciliation schedules of all assigned accounts.

Maintained excellent financial standings by working closely with Financial Accountant to processes business transactions.

Matched purchase orders with invoices and recorded necessary information.

Applied mathematical abilities on daily basis to calculate and check figures in all areas of accounting systems.

Additional Experience:

UAC Foods, Lagos Nigeria

Internal Audit Manager, Bookkeeper, Factory Accountant

Education

MBA in General Management- 2003-2005

Obafemi Awolowo University, Ile Ife, Nigeria

Higher National Diploma in Accountancy 1984-1989

Yaba College Of Technology, Lagos, Nigeria

Certificate of Income Tax Completion- Tax Associate -2019

Certificate of Income Tax Completion- Tax Specialist- 2021-2022

H& R Block Tax Inc. USA

Professional Affiliation

Fellow Institute of Chartered Accountants of Nigeria

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