Accounting and Finance

SOLA ADEWOLE, PhD, CPA, CGA, FCCA (UK), FICA, SPMIIM, ChMC

**** ******* ***** ** ********, AB T6W 1A5

778-***-**** **************@*****.***

SUMMARY

Performance-driven, detail-oriented, skilled, and dedicated Finance and Accounting professional with several years of experience in financial accounting, financial reporting, project management, credit administration, budgetary control, accounts receivable and payable, internal control procedures, financial management, auditing, accounts reconciliation, budgeting, business analysis, financial analysis, corporate finance, among others. Adept at being up to date with changes in the financial reporting framework and financial reporting standards impacting accounting practices. Possess progressive experience in the analysis of financial/economic data supporting enterprise decision-making, including marketing and investments; financial planning, forecasting, and modeling; company valuation, merger, and acquisition; and portfolio management. Also possess experience developing and implementing financial systems, strategies, processes, and controls. Rapidly adapt to new technologies and have expertise with MS Word, PowerPoint, Excel, and Access.

AREAS OF EXPERTISE AND CORE COMPETENCIES

General Ledger Analysis

Management Reporting

Period-end Financial Reporting

Budgeting/Coaching/Mentoring

Training and Presentation

Risk Management

Variance Analysis

Effective Time Management Skills

Excellent Communication Skills

Self-Motivated/Team Player

Financial Accounting and Analysis

AP and AR Analysis

Public Reporting Requirements

Strong Knowledge of GAAP/IFRS

SAP/ERP/QuickBooks/Sage50

JD Edwards/Trinium FMS

Analytical Review

Business Process Improvement

Critical Thinking/Initiative

Corporate Governance Code

Problem Solving Skills

Teamwork/Managerial Finance

ACCOMPLISHMENTS AND ACHIEVEMENTS

Increased cash flow by 20% by reviewing the company’s collection, payment, and inventory processes.

Implemented cost-saving measures and operational efficiencies to improve profitability.

Prepared financial statements of over $600 million and managed the financial reporting process.

Managed accounts receivable and payable of over $220 million.

Recommended improvements to financial policies, processes, and practices.

Managed billing and reconciliations for over $41 million Petroleum Equalization Funds (PEFs).

Conducted cost-benefit analysis to outsourcing the store's in-house packaging facility resulting in $1.1 million savings.

Improved efficiency and accuracy of project management by overhauling cost and budget reports.

Set up a budget for actual reports, which resulted in increased use of reports and quicker decision-maker attention to variances.

Analyzed and redesigned billing process and procedures, resulting in reduced turnaround time.

Increased the accounting department’s efficiency by 50% through the introduction of a robust accounting system and rigorous training of accounting staff.

Implemented JD Edwards EnterpriseOne 9.2 and revamped the accounting system, which ended up in increased efficiency in handling accounting transactions and controls.

PROFESSIONAL EXPERIENCE

CHIEF FINANCIAL OFFICER

SPRUCELAND HERITAGE LIMITED REMOTE, September 2023 – Till Date

Provide leadership, direction and management of the finance and accounting team.

Provide strategic recommendations to the CEO/President and members of the executive management team.

Support month-end and year-end closing process and manage all payroll functions.

Identify and mitigate risks to the business, property, and reputation.

Provide leadership and direct financial reporting, accounting, and analysis for the company.

Manage all reporting requirements and tax filings and Provided tax planning services based on current legislation.

Manage the processes for financial forecasting and budgets and oversee the preparation of all financial reporting.

Provide commercial insight and leadership across the business to exceed business plan targets.

Responsible for ensuring the risk and compliance management framework is embedded and operational for the company.

Provide ongoing leadership, coaching, training, and development of the staff within the Finance area.

Oversee treasury, investments, cash management and forecasts.

Responsible for expense management, which includes but is not limited to, expense allocation, accounts payable, budget process and cheque disbursements.

Develop and maintain sound financial/accounting policies, procedures, and systems.

Establish and develop relations with senior management and external partners and stakeholders.

Reviewing all formal finance, HR, and IT related procedures

Responsible for administration of all accounting procedures and adherence to internal controls. SOLA ADEWOLE Resume, Page 2

Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly and annual financial statements; monitor progress and changes and keep senior leadership abreast of financial status.

Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements.

Coordinate all audit and tax preparation activity and trends in financial operating models and delivery.

Lead the annual budgeting and planning process; support the leadership with financials, assist with budgetary decisions and administer and review all financial plans.

Oversee and review filing of corporate and indirect tax returns and tax reporting.

Stay abreast of changes in corporate, indirect, and other taxes that could affect the business and manage the associated third-party outsourcing services.

Lead finance projects and financial aspects of various initiatives.

Implement best practices and automation solutions to streamline workflows.

Collaborate with internal and external auditors. GROUP CHIEF FINANCIAL OFFICER

GARY YOUNG AGENCIES LIMITED PRINCE GEORGE, April 2019 – July 2023

Ensured policies and procedures complied with professional standards, provincial and federal regulatory requirements.

Established and maintained internal controls to support the financial infrastructure.

Established and maintained the books of account for the group of companies.

Identified and mitigated risks to the business, property, and reputation.

Participated in the development of and supported the group companies’ strategic plans.

Monitored the financial performance of the group as well as compiled and analyzed financial reporting packages.

Provided leadership and support to all accounting and human resources staff and managed all recruitment processes of the group of companies.

Proactively identified, designed, recommended, and implemented changes to financial and accounting processes, financial

& tax reporting, systems, and controls to improve the quality and effectiveness of financial reporting, forecast, budget and cost management.

Planned, organized, and implemented solutions to a highly strategic nature's financial problems, affecting the entire group of companies.

Prepared and directed the preparation of the budget and financial forecasts and report variances.

Prepared timely monthly financial statements and researched technical accounting issues for compliance.

Coordinated the preparation of regulatory reporting and ensured adherence to financial laws and guidelines.

Supported month-end and year-end closing process and managed all payroll functions.

Ensured quality control over financial transactions and financial reporting.

Managed all reporting requirements and tax filings and Provided tax planning services based on current legislation.

Developed and documented business processes and accounting policies to maintain and strengthen internal controls.

Collaborated with the CEO and other executives to coordinate planning and establish priorities for the planning process.

Prepared and developed financial projections, performed research and analysis as required.

Ensured compliance with financial guidelines, company policies and relevant legal regulations.

Developed, reviewed, and implemented operation's strategy and ensured that the strategic objectives were well understood and executed by each business lead.

Analyzed operations to identify areas in need of reorganization, downsizing, or elimination.

Studied long-range economic trends and projects their impact on future growth in sales and market share. FINANCIAL CONTROLLER

GARY YOUNG AGENCIES LIMITED PRINCE GEORGE, June 2018 – April 2019

Participated in the development of and supported the company’s strategic plans.

Monitored the financial performance of the company as well as compiled and analyzed financial reporting packages.

Provided leadership and support to all accounting staff and managed all recruitment processes.

Planned, organized, and implemented solutions to a highly strategic nature's financial problems, affecting the entire organization.

Managed all accounting operations, including Billing, A/R, A/P, GL and counsel, cost accounting, inventory accounting, revenue recognition, and maintained fixed asset records.

Planned and implemented solutions to financial problems of a highly strategic nature, affecting the entire organization.

Prepared and directed the preparation of the budget and financial forecasts and report variances.

Prepared timely monthly financial statements and researched technical accounting issues for compliance.

Prepared various month-end production and sales reports. SENIOR ACCOUNTANT

YCS HOLDINGS LIMITED –A MEMBER OF COLAS GROUP (MAN/CONSTRUCTION) PRINCE GEORGE, November 2016 – May 2018

Centrally involved in the month-end, quarterly, and year-end reporting duties for several subsidiaries SOLA ADEWOLE Resume, Page 3

Managed all accounting operations, bank reconciliations and prepared and processed general ledger entries.

Prepared, updated, checked, and analyzed reports; investigated and followed up on discrepancies between different accounts.

Reviewed and managed property, plant and equipment, and intangible working papers and reports

Prepared various month-end production and sales reports.

Analyzed and reconciled general ledger accounts monthly.

Supervised, coached, and mentored accounting staff.

Maintained consistent contact with external auditors to ensure compliance with SEC standards.

Prepared inter-company invoicing and accounts analysis.

Prepared monthly consolidated financial statements for the reporting group in accordance with GAAP/IFRS

Reviewed monthly reconciliations, including bank, inter-company, and various sub-ledgers.

Assisted with preparation of annual audit information and supporting documents.

Developed and maintained the integrity of the financial reporting process and financial controls.

Prepared and reviewed monthly financial statements and inventory reporting.

Assisted in the preparation of annual budgets and cost accounting.

Assisted in the implementation of internal control and business process improvements to improve efficiency. ACCOUNTANT

THE SMALL BUSINESS ACCOUNTANTS LIMITED (A PUBLIC ACCOUNTING FIRM), CALGARY January 2016 – November 2016

Prepared various accounting reports for executive management.

Prepared, updated, checked, and analyzed reports; investigated and followed up on discrepancies between different accounts.

Prepared bank and ledger accounts reconciliations; analyzed and interpreted monthly variances.

Prepared and reviewed monthly end financial statements.

Performed regular, detailed audits to ensure accuracy in financial documents, expenditures, and investments.

Established accounting policies and procedures for clients.

Examined bank statements and reconciled them with general ledger entries.

Analyzed data collected to determine the state of the company’s financial health.

Compiled and presented reports, budgets, business plans, commentaries, and financial statements on behalf of clients.

Analyzed clients’ business plans.

Filed personal and corporate taxes for clients.

Provided tax planning services based on current legislation. ACCOUNTANT/BILLING SUPERVISOR

CONOIL PLC (OIL AND GAS COMPANY) March 2010- May 2015

Prepared, updated, checked, and analyzed reports; investigated and followed up on discrepancies between different accounts.

Prepared various accounting reports for executive management.

Prepared bank and ledger accounts reconciliations; analyzed and interpreted monthly variances.

Prepared and reviewed monthly end financial statements.

Maintained client records related to invoicing and bill payment.

Reviewed work of billing staff to ensure accuracy, resolving inconsistencies as needed.

Provided customer support to customers with disputes or inquiries concerning invoices or billing process.

Reconciled billings with the accounts received ledger.

Monitored the billing metrics database.

Managed and ensured compliance with control objectives.

Developed and prepared reports and metrics.

Supported internal and external auditors,

Updated billing policies, procedures, methods, and guidelines.

Ensured compliance with company policies, and state and federal regulatory bodies. EDUCATION

PhD, Forensic Accounting and Audit, Charisma University 2023 Master of Science, Finance, University of Lagos, Nigeria 2012 Bachelor of Science with First Class Honours, Banking and Finance, Ekiti State University, Nigeria 2007 Diploma, Banking and Finance, Ekiti State University, Nigeria 2001 CERTIFICATIONS

CPA, CGA – Chartered Professional Accountant of the Chartered Professional Accountants of Canada FCCA - Fellow Member of the Association of Chartered Certified Accountants, United Kingdom SPMIIM -Senior Professional Member of the Institute of Information Management, Africa FICA – Fellow Member of the Institute of Credit Administration, Nigeria ChMC – Chartered Management Consultant of the Chartered Institute of Management Consultants Canada/US

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