SOX Compliance Expert

Timi Ogunnote, MBA, CISA, CSOE

Phone: 226-***-**** Email: ad5dzk@r.postjobfree.com

PROFILE

Accounting, Audit and SOX 404 / 302 compliance global professional with over a decade hands-on working experience acquired via “Big 4”Public Accounting and multinational fortune 500 firms. Consistently demonstrate expertise to effect change, drive profits and growth through process improvement, world-class internal control optimization and fraud prevention solutions. Leader with strategic analytical skills, practical, articulate, and creative with proven ability to solve difficult business challenges. Consistently obtain high performance through collaborative leadership and cohesive team building, planning, changing organization and innovative abilities. Looking for short and long term contract opportunities.

Scoping & Risk Assessment Team Building & Staff Training

Financial & Operational Audit Expert SOX ITGC Compliance Testing Expert

SOX TOD & TOE Compliance Internal Controls & Process Improvement

Resource Result Global – Sr. SOX Compliance Consultant 06/2015- till date

Lead Sox 404 Walkthrough TOD (Test of Design) – Lead walkthrough reviews using flow charts to determine TOD effectiveness with control owners.

Design and Developed Change log – Initiated a change log to track all annual control changes during walkthrough reviews for flowchart, narratives and control descriptions for audit trail.

Review Sox TOE (Test of Effectiveness) Testing – Conduct TOE to determine control effectiveness using appropriate support that aligned with testing attributes.

Designed Consolidated Evidence Request – Designed using excel a user friendly consolidated PBC (Prepared by Client) list that saves ICT (Internal Control Tester) and Control owner’s time.

Team with PO & CO to Resolve Control Deficiency Remediation Plan – Work with process and control owners to resolve control testing ineffectiveness through timely remediation plan and follow-up.

Process Improvement – Initiated status update work tracker for SOX process management i.e. walkthrough date, certification date, PBC sent date, PBC received date, TOD only controls and TOE only controls.

ITGC SOX Compliance Testing – Data change review and approval, SOD (Segregation of duties), super user access conflict, security access and change management.

Business Audit and Risk Manager

03/2012 to 09/2014

Diageo PLC

A multi-national (subsidiary of Diageo International UK) and a leading beverage company in the world with an annual turnover of $1billion.

Collaborate with senior management and ensure alignment to the master plan per resourcing.

Defined and designed overall audit strategy and plan reducing outsourcing activities by 50% in the past year.

Performed due diligence audit during the appointment of a 3rd party logistics including inventory and fixed assets valuation of over $5million on the three company’s sites

Engaged and direct risk based audit with emphasis on insight and delivery to timeline

Delivered programs of risk assessment and control mitigation plans

Build relationship bridges with key stakeholders including top management, external auditors and consultants to ensure work objectives actualization.

Reviewed audit working papers and ensures that it meets IA standards and of good quality

Build strong team spirits with inspirational leadership.

Head of Sales Revenue Accounting –Finance

01/2009 to 02/2012

Diageo PLC

Led and inspired the 16-member team to deliver brilliant sales revenue

Managed all processes from ordering to product delivery and ensure on time in full no error (OTIFNE) with good feedback from well over 50 key distributors

Executed over 50 key distributor capability development programs which supported our partner for growth objectives target of over 70%

Ensured team capability development and strategic training in credit management which enables strong and effective credit management with less than 10% overdue debts

Managed various key stakeholders (Supply Director, Head of Logistics, and Sales Director) with fully meet recommendations feedback.

Performed credit control management for over 120 customers’ account supporting their business model and operational efficiency resulting in meeting our sales volume target.

Managed over 120 debtors and overdue accounts

Performed cash-flow management running into $10m monthly

Improved and embedded effective controls especially with 3rd party logistics including DHL

Monthly trade debtor reporting and analysis providing insights to top management. Introduced best practices procedure in accounting for distributors’ empties breakages between the plant and distributors’ depots contributing to distributors cost recovery by 90% when compared with past years.

Member of the credit risk management committee making presentations to the committee in collaboration with the Finance Director on significant credit/key accounts/ distributor to drive sales volume and effectively managed the credit risk issues

Group Treasurer

01/2004 to 12/2008

Dunlop PLC

Managing the treasury staff of about 10 and providing inspirational leadership which led to effective management of over $5 million weekly cash flow.

Treasury management including cash flow forecasting

Processed foreign imports including LC placement within 2 days biddings with the participating banks

Processed foreign supplier bills and foreign remittances of well over $ 2.5million weekly in a timely fashion

Arranged and managed loan portfolios of over $10million balance sheet value during the long radial tire expansion project.

Liaised with bankers and ensured good professional relationship with no major breakdown in loan negotiations and funds placement etc.

Performed general ledger accounting and reconciliations on a regular basis with the Chief Accountant

Responsible for financial review and monthly reporting in a timely fashion.

Reviewed banking transactions and overcharge resulting in savings of over $.5million within a year.

Project Accountant

01/2001 to 12/2003

Lafarge International PLC

A multi-national and a leading cement manufacturer with a multi- billion dollar turnover operating from two sites with over 1000 employees

Led and supervised activities of the project finance department comprising 10 team member

Managed $200 million investment in a new plant

Coordinated budgeting and budgetary control of the $200 million investment

Prepared monthly financial preparation and reporting

Monitored and tracked both OPEX (operational expenditure) and CAPEX (capital expenditure)costs

Performed reconciliation of over 50 various CAPEX cost centers with asset tracking

Negotiated and prepared contract order to suit and ensure attainment of project objective

Managed 10 key foreign supplier accounts having balances of over $50million

Regular engagement with key contractors to adopt effective strategies for the speedy completion of project with respect to funding etc.

Audit Manager

04/1995 to 12/2000

Lafarge International PLC

A multi-national and a leading cement manufacturer with a multi- billion dollar turnover operating from two sites with over 1000 employees

Led and supervised the departmental staff- 20 members.

Trained the personnel to improve their skill and ability.

Prevented and detected fraud leading to establish cases of dismissal of personnel involved.

Created awareness and confidence building of Audit personnel.

Designed and developed appropriate audit procedures and programs.

Briefed the Chief Executive on policy and control lapses.

Prepared audit reports.

Policy initiation and implementation.

Member of ISO 9002 Implementation committee.

Member Best Practices Committee.

Senior Auditor

05/1990 to 03/1995

Ernst & Young International

International public accountancy firms amongst the ‘big 4’ and major players locally with over 100 audit staff strength.

Led 4-6 staff auditors to various audit engagements in various capacities of testing,

Developed audit documentation, gap mitigation, peer reviews, as a lead auditor in big corporations including major multi-nationals, investment banks, money deposit banks, manufacturing companies.

Concluding audit engagements and wrap –ups to finalizing audit letter of weaknesses and reporting.

Involved in audit scoping and reviewed audit working papers.

EDUCATION

MBA Finance & Accounting (University of Ibadan, Nigeria)

BSc Accounting (Olabisi Onabanjo University, Nigeria))

CERTIFICATION

CISA Certified (Information System Audit & Control Association - ISACA, USA)

CSOE (Certified SOX Expert)

Associate Member (Institute of Chartered Accountant of Nigeria - ICAN)

TECHNICAL SKILLS:

Applications: SAP, PeopleSoft, Oracle SP & EBS, Baan, QAD, CL, Teammate, Auto Audit, IDEA, BWise, JD Edwards, Visio, Blackline, COM, WDesk, SAS Platform. All Microsoft Office Suit.

Operating Systems: Mainframe, UNIX, Hyperion, All Windows.

Infrastructures: LAN, WAN, VPN, PBX, wireless, web applications, and web portals.

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