OLA ELEMIDE, ACCA, CPA-CGA, CISA

Ontario • 647-***-**** • adas85@r.postjobfree.com

PROFILE

A detail oriented chartered accountant with 10 years experience spanning across various, finance, accounting and auditing positions within banking, oil and gas and manufacturing sectors. I possess a sound knowledge of audit procedures, proficient in identifying, assessing, and providing innovative solutions to mitigate current and emerging risks, with a profound working knowledge of IFRS reporting guidelines and SOX compliance. Also erudite in providing assurance and consulting services. Certified in Association of Chartered Certified Accountants (ACCA), Chartered Professional Accountant (CPA, CGA), and Certified Information Systems Auditor (CISA).

WORK EXPERIENCE

Emco Corporation

Senior Internal Auditor Oct. 2018 – Present

Lead value added operational reviews of Profit centres that identify risks within all business processes, the implications of the associated risks or noncompliance with policies and action plans for the Profit Centre Manager (PCM) to implement.

Identify and document, within the operational review, recommendations to improve the profitability, efficiency and security of the Profit Centres.

Debrief the findings of the operational review with the PCManagers prior to leaving the PC to ensure alignment of actions that will address the risks identified.

Coach and advise new PCManagers in developing their understanding of all the policies and best practices within Emco including the controls, systems and reports that are at their disposal which will enable them to lead a successful business.

Strong and in-depth understanding of all roles, process and best practices within the PC.

Steward of Health and Safety for the company to ensure that an environment is created and sustained to reinforce that “No one at Emco gets hurt”.

Provide leadership and training to lead inventory observers across the PC network to ensure annual inventory counts are successful.

Create and publish training materials for PCMs and teammates to enhance their knowledge of processes, systems and critical financial and operational concepts.

Strategic and effective liaison between the PCs and the central head office. Working knowledge of all roles and support services within the NSC, collaborates with PC teammates and NSC teammates to ensure inquiries are efficiently resolved and training opportunities are identified.

Perform data collection, analysis and reporting to support audit projects and initiatives.

Identify data trends, inconsistencies and/or anomalies that require further investigation.

Monthly, create and run data analytics to identify trends and key risks.

Create summarized reports, including charts and graphs, on monthly data collected and develop actions plans to control key risks.

Proactively identifying risks and finding innovative approaches and solutions to mitigate risks and improve business controls. Provide valuable and actionable information for management to make decisions or react on business issues or opportunities.

Writing Standard Practice Instructions (company policies), Job Aids and supplements to ensure necessary controls are communicated clearly and unnecessary steps are eliminated.

Participating as an advisor in a wide variety of issues including acquisition due diligence, integration, fraud investigations, process improvement teams, external audits, etc.

HSA Group

Costing Manager Jan. 2018 – Oct. 2018

Product costing of new and existing products in line with acceptable standards within SAP environment.

Supervision and co-ordination of monthly PEC activities for the finance team and costing department.

Material and Labour variance analysis with monthly meeting with management for improvement initiatives.

Review of all process order inputs and weekly TECO, internal orders and cost center entries.

Managing multiple projects and coaching junior accountants in various functions across the organization, such as audit, fixed assets, receivables, payables, payroll and general accounting.

Recommendation of process improvement initiatives for cost savings, by reviewing and analyzing, data and, trends and processes across various functions and departments within the organization.

Senior Internal Auditor (Group) Jan. 2016 – Jan. 2018

Supervision and mentoring of the audit team of three members to execute various operational and financial audits in the group

Managed the audit planning process by developing the audit plan, performing risk assessment, identifying key controls for testing, designing audit steps and procedures, and developing the audit file.

Reviewed and recommended improvement of internal controls across the group companies.

Managed the audit reporting processes including documentation and discussion of deficiencies, review of management action plans, preparation of the audit report, and oversee the post-audit review team meeting.

Conducting I.T audits, financial statement audits, and operational audits.

Identified and implemented audit best practices to streamline audit processes and drive efficiency

Engaging in various projects as required by management towards business expansion and efficiency.

Reviewing correctness and reliability of financial and non-financial company information.

Reviewing departmental procedures and compliance across various companies in the group.

Schlumberger Limited

Credit Analyst & DSO Manager Feb. 2015 – Dec. 2015

Managing Schlumberger Receivables Portfolio of circa $300M for Nigeria and Gulf of Guinea Countries

Client Relationship Management & Resolution of Receivables issues.

Control Manager for Revenue Recognition of all (16) Schlumberger Business Units

Schlumberger Clients Credit Evaluation, using Duns & Bradstreet and other credit reports.

Direct Supervision of all Receivable Accountants Staff, a total of seven team members.

Preparation of management reports, budget preparation and reporting packages for finance director.

Updating Balance Sheet Exposure report for consolidation by Area.

Setting of KPIs for Finance and Operation staff relating to working capital and Receivable Management.

Develop strategies on cost optimization and review Financial terms of clients’ contracts.

Act as liaison between auditors, treasury, tax and finance department to ensure deliverables are met.

Treasury & Credit Analyst Nov. 2013 – Jan. 2015

Credit worthiness assessment of new and existing clients to determine client credit limits and category.

Analysis of deferred revenue accounts & consolidation for area with appropriate comments.

Computation and monitoring of clients with Receivables exceeding approved credit limits with recommendations to management, to manage exposures.

Preparation of all reports for the Geomarket controller and Treasury Manager on Treasury issues to the area.

Follow up with billing accountants to ensure DIR tracking is prepared, reported and consolidated.

Consolidation of Receivable report with comments on invoices outstanding for more than 60days.

Receivable statement analysis report and preparation of letters indicating Clients indebtedness.

Review and work with three Receivables Accountant to ensure no unapplied cash (excluding advances)

Follow up of payment from client to ensure that the geomarket meets her monthly collection forecast.

Review monthly results vs. budget and forecast and provide key variance analysis

Receivables Accountant Jan. 2010 – Oct. 2013

Client Engagement and resolution of receivables issues to ensure DSO & DIR reduction for all clients.

Prepare journal entries and account reconciliations as required.

Follow up on SAP clients to obtain Service Entry Sheets, P.Os, GRN, e.t.c required for timely invoicing

Daily Receivables status follow up with sales team and client and weekly reporting on status.

Monitor client invoicing, Submission, bank payment and payment advices

Receivables workshop and training for engineers and other finance and non-finance staff

Key Achievements in Schlumberger

2014 CEO’s award for receivables collection & 5 years seniority award in 2015.

Earned an A* Outstanding rating from 3 different Schlumberger Managers.

Appointed e-invoice process champion by Schlumberger e-commerce and business group (Dubai).

Reduced direct client’s DSO from 87days to a record low of 39days by December 2011, also achieved a record one-month collection of $94million in August 2012 from all clients in the geo-market.

Guaranty Trust Bank

Retail Banking Officer Aug. 2008 – Dec. 2009

Client Relationship Management for the branch including corporate and HNI customers and KYC.

Initiation of all customer’s transactions, such as Letters of Credit, Bills for Collection, Bank Guarantees, Loans, NXPs, DAUEs, Deposit mobilization to increase branch balances.

Asset generation, and monitoring of all bank loans, long term loans, overdrafts, DAUEs.

Branch Monthly Performance Reporting and Management of branch Marketing staff.

Education

Chartered Professional Accountant, Certified General Accountant – CPA, CGA 2018

Certified Information Systems Auditor – CISA 2018

Member, Association of Chartered Certified Accountants – ACCA, United Kingdom 2013

Bachelor of Science, University of Ibadan, Nigeria 2005

Volunteer Activities & Training

Opportunity to Cash Training (O2C) held in Dubai. 2012

Schlumberger NGA DIR/DSO improvement to initiative Workshop. 2011

Schlumberger Financial Training 1 (FIT 1) held in Accra Ghana 2010

GTBank three months induction training school held in Lagos C/O IBFC Agusto & Co. 2008

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