Financial Reporting Analysis

Rafiu Fakoya

*********@*****.*** 301-***-**** Glen Burnie, MD

SUMMARY Seasoned finance professional with 13 years of experience, adept in budget management and financial analysis. Expertise in managing multi-million dollar budgets, enhancing forecasting accuracy, and optimizing procurement strategies. Seeking a Budget Analyst role to leverage proven skills in variance analysis, cost reduction, and compliance.

WORK EXPERIENCE Sealing Technology Columbia, MD

Accountant IV Jan 2024 - Present

• Manage a substantial operational and project budget to align with strategic financial targets, maintaining a high degree of accuracy in forecasts.

• Conduct variance analysis and implement financial adjustments to reduce errors, streamline month-end and year-end close processes for efficient financial reporting.

• Collaborate with teams to refine budgeting systems for better forecasting accuracy and support external audits, ensuring full compliance with tax regulations. Howard County Library System Ellicott City, MD

Financial Procurement Analyst (Remote) Jun 2022 - Dec 2023

• Developed and executed procurement strategies, achieving a 10% reduction in costs through strategic vendor negotiations and resource optimization.

• Performed financial viability assessments of suppliers, resulting in a 15% improvement in supplier performance and compliance with financial standards.

• Implemented data-driven strategies, enhancing financial performance and identifying a 20% increase in cost savings opportunities.

• Collaborated with senior leadership to monitor procurement expenditures, maintaining 95% adherence to budgetary constraints. R&O Transportation Glen Burnie, MD

Account Manager/Logistic Analyst Jan 2020 - Jun 2022

• Managed logistics budgeting and implemented process improvements, resulting in an 18% reduction in operating costs.

• Conducted comprehensive financial analysis, enhancing inventory management and increasing on-time delivery rates by 10%.

• Collaborated with clients and partners to develop logistics solutions that reduced operational delays by 15%.

Ciena Corporation Hanover, MD

Logistic Analyst/Account Payable Jan 2018 - Jan 2020

• Managed and reconciled invoices totaling over $3M, maintaining a 99% accuracy rate by adhering to contract terms and budget constraints.

• Led financial reporting for logistics operations, optimized procurement and accounting workflows, achieving a 10% reduction in processing times.

• Collaborated with internal teams to address billing discrepancies, which contributed to a significant 95% decrease in unresolved vendor issues. Wells Fargo, NA Columbia, MD

Operations Accountant II Mar 2017 - Dec 2017

• Directed the budgeting process for a significant operating budget, ensuring full compliance with corporate policies and regulatory standards.

• Developed financial forecasts and performance metrics, leading to a 12% improvement in strategic planning accuracy and a 10% increase in process efficiency through detailed analyses of KPIs and operational trends. Bernice Hassan & Assoc Seabrook, MD

Staff Accounting/Tax Associate Jan 2015 - Feb 2017

• Managed journal entries and account reconciliations, enhancing financial reporting accuracy by 15%.

• Led tax compliance initiatives, achieving an 8% optimization in client tax savings through meticulous tax law research and strategic planning.

• Prepared detailed financial statements, consistently ensuring regulatory compliance and diminishing reporting discrepancies by 10%. Tax Point Solution Inc Hanover, MD

Accounting Clerk/Tax Associate Aug 2011 - Dec 2014

• Processed financial transactions and maintained compliance with tax filing deadlines, achieving a 100% rate in adherence to schedules.

• Conducted bank statement reconciliations that enhanced financial integrity and reduced errors by 10%, contributing to improved accuracy in tax analysis and forecasting.

EDUCATION Bowie State University

Bachelor of Science, Accounting

Bowie, MD

CERTIFICATIONS CPA Candidate

SKILLS Budget Management • Financial Forecasting • Variance Analysis • Financial Analysis

& Reporting: Budgeting, Forecasting, Variance Analysis, Cost Reduction, and Financial Performance Monitoring • Accounting Systems: QuickBooks, SAP, FMIS, Microsoft Excel, Smartsheet • Government & Compliance: Federal/State Budget Process, Appropriations Law, Regulatory Compliance • Project Management: CLIN Tracking, WBS Analysis, Cross-Functional Team Collaboration • Data Analysis & Process Improvement: Advanced Excel, Financial Modeling, Data-Driven Decision Making • Communication & Leadership: Report Generation, Stakeholder Collaboration, Vendor Negotiations

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