Finance Manager General

ADEWALE ADEYEMO, BSC, MSC

SUMMARY OF CORE SKILLS

• Project Reporting

• Month- & Year-End

Closing

• Managed 7 Direct reports

• Collaboration with others

• Regulatory Compliance

• Financial Reporting

• Payroll Management

• General Accounting

• Management of finances

and budget

• Risk Identification

• Forecasting & Analysis

• Business Process

Improvement

• ESG Reporting

• Financial Planning &

Analysis

• Forensic Accounting

• Liquidity and treasury

Management

• Complex financial

consolidations

• Advanced Excel (macros,

pivot, lookups)

• Financial Software: (JD

Edwards, Sage,

QuickBooks, Hyperion,

Dynacom, ANAPLAN etc)

• IFRS Knowledgeable

• Standard Costing

• Procure to pay

PROFESSIONAL EXPERIENCE

SOCIETE BIC, Clichy August 2014 – April 2024

(Publically listed company in manufacturing industry valued at about $4Billion with offices located globally in over 160 countries around the world). Finance Manager August 2020 – April 2024

• Coordinated daily operations of accounting department, responsibilities including reviewing transactions entries, approval of purchase order, management of liquidity, preparation & presentation of financial reports, risk analysis, recruiting and training accounting staff.

• Communicated financial information into sound business language so people of all levels including senior leadership to understand company financials.

• Approved correcting journal entries related to significant estimates and operating accruals and accounting provisions in line with Accounting Standards.

• Reviewed and reconciled ledger account balances by automation of reconciliation processes and matching ledger balances with source documents.

• Performed and supported month-end and annual closing process by working closely with Group Consolidation Finance team to achieve timely and efficient closing.

• Developed internal control guidelines, policies and procedures for budget accounting, cash and credit management, administration and other activities.

• Coordinated and directed budgeting, procurement, investment activities and financial planning.

• Performed oversight functions on payroll, accounts payable,accounts receivable, inventory management, and revaluations.

• Oversee the monthly review of revenues, cash collection and bad debt.

• Steered committee for migration from Sage Software to JD Edward ERP system, including direct coordination with internal reporting teams, IT, external contractors, and senior management.

{Gathering requirements, process documentation, mapping, testing, training and post implementation support, designed new reports}.

• Worked closely with with internal and external auditors and tax advisors as required. Accomplishments

• Introduced debt equity conversion strategic to attain 30% gearing ratio;

• Prepared new dashboard reports to drive business insights and enable decision-making by senior management, including tracking of capital costs and project costs, which resulted in cost reduction by 15%.

• Initiated internal project to become paperless, thereby reducing supplies expense by over $10K on an annual basis.

• Provide guidance and coaching to 7 direct reports, including 1 Mgt. Accountant, 1 Payable Officer, 1 receivable officer, 1 treasury Associates, 1 GL Accountant, 1 Analyst and 1 Intern.

• Led transition to a paperless practice by implementing enterprise resource planning software that reduced cost of labour by 30%, and operational overheads expenses by 15%. MILLENIUM OIL & GAS COMPANY LIMITED, Lagos

January 2009 – July 2020

(Dynamic and fast growing Private Limited Liability company in production sector with Annual Revenue of over $120million).

Financial Controller August 2013 – July 2020

• Prepared accurate and timely financial reports, such as balance sheets, income statements, cash flow statements, IFRS 16 reports and presented financial information to stakeholders, management, and auditors.

• Performed quarterly budget financial outlook via collecting, analyzing and summarizing information for budget to actual analysis.

• Collaborated with various cross functional teams in order to ensure capital and development projects are properly identified and categorized.

• Prepared various complex accounting memos to analyse issues relating to IFRS 3, 9, 10, 11, 15, 16; IAS 28, 33, 36, 38, 39; IFRIC 9, 21; and ASC 305, 310, 321, 325, 330.

• Reviewed and approved accounting journals and evaluated reports to ensure company’s financial health at all times.

• Guided financial decisions by establishing, monitoring, and enforcing key financial controls, policies and procedures to create operational efficiencies and identify any control gaps. Accomplishments

• Successfully managed accounting functions for a growing business with annual revenue of

$120million.

• Completed financial statements audit within 2 months after financial year end close by way of keeping adequate financial records and provision of appropriate support to auditors.

• Enhanced cash flow management system, allowing company to reduce debt by 20%.

• Offered new financial system (audit mate) that accelerated reporting by 40%, improving reporting system in organization.

Senior Accountant January 2009 – July 2013

• Managed, supervised, prepared, verified and maintained financial records, including journal entries and general ledger accounts.

• Maintained general ledger by posting daily financial transactions

• Carried out timely preparation of account reconciliations, Payroll, accrual entries, review of intercompany transactions and responsible for the company general ledger.

• Prepared correcting journal entries related to significant estimates and operating accruals and accounting provisions in line with Accounting Standards.

• Ensured compliance with state and federal regulatory requirements, professional standards. Accomplishments

• Streamlined procurement by negotiating longer payment terms with suppliers to extend Days Payable Outstanding (DPO) to 45days as against 30days.

• Effectively redesigned Order to Cash (O2C) process through cross-functional alignment culminating in stronger working capital turns and 25% reduction in Days Sales Outstanding, back order and bad debt.

EDUCATION

INSTITUTE OF CERTIFIED FORENSIC ACCOUNTANTS, CANADA Certified Professional Forensic Accountant (CPFA) 2019 INSTITUTE OF CHARTERED ACCOUNTANT OF NIGERIA

Fellow of Institute of Chartered Accountant of Nigeria (FCA) 2019 UNIVERSITY OF LAGOS, NIGERIA

Master of Science in Accounting, 2016

UNIVERSITY OF ADO-EKITI, NIGERIA

Bachelor of Science in Accounting 2004

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