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Professional Accountant

Lagos Island, Lagos, Nigeria
January 13, 2020

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Shittu Akande Taofeeq

Kwara State, Nigeria +234********** / +234********** /

Senior Management Profile: Finance & Accounts

Seasoned and highly qualified (CIPM, ACA, ACIT, Certified Accountant of Nigeria) finance professional

with over 19 years’ insightful experience, managing all aspects of accounting and finance operations of a company. Significant 10 years’ experience with Government sector (Ministry of Finance - Nigeria), supervising the finance team, developing budgets, managing cash flows, conceptualizing and implementing financial policies and procedures while ensuring compliance with the legal provisions, accounting standards and organizational policies. Expert in providing executive management with advice on the financial implications of business activities.

Expert in creating growth plans, making financial projections, directing the staff for attaining financial goals, assisting in developing new business, maintaining operating budgets, ensuring adequate cash flow.

Demonstrated skills in maintaining books of accounts, preparing monthly/annual financial statements, general ledger, journal entries, bank reconciliations, balance sheet reconciliations and AR/AP management.

Skilled in maintaining and providing accurate and timely financial statements, monitoring daily cash transactions, developing annual budgets and recording all financial activities for effective decision making.

Proficient in providing timely, relevant and accurate analysis of company’s performance against historical, budgeted and forecasted results to facilitate decision-making toward the achievement of the budget and strategic plan.

Proven ability to improve operations, impact business growth & maximize profits through contributions in financial management, cost reductions & productivity improvements.

Proactive and self-motivated with strong managerial, analytical and organizational skills; able to built and develop a highly potential finance team to drive disciplined business and financial growth.

Technical Skills: Peachtree, Dacease, MS Office Suite (Word, Excel, Access, PowerPoint), Visual Basic, Corel Draw, Pagemaker, etc.

Core Competencies

Financial Planning

Accounting and Finance


Cash Flow Management

Accounts Reconciliation

Bank Reconciliation

Accounts Finalization

AR/AP Management

Accounting Policies & Procedures

Financial Analysis & Reporting

Financial Statement Preparation

Statutory Compliance

Internal/External Audit

Liaison and Coordination

Team Building & Leadership

Professional Experience

Kwara State Roads Maintenance Agency (KWARMA), Ilorin, Kwara State, Nigeria (2017 - Present)

Controller of Finance & Accounts


Providing leadership to the finance team in administering and controlling the finance department of the company to optimize the company’s financial performance and strategic position.

Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans for maintaining the financial health of the organization.

Review and appraise the soundness, effectiveness, and proper application of accounting and financial controls, compliance procedures and controls, and timeliness of documentation generation.

Monitor accounting data, oversee maintenance of accounting records for each transaction, verify accounting heads assigned to transactions and ensure appropriate preparation of GL, trial balance and financial records.

Develop, implement and maintain accounting and administrative policies and procedures for a wide-ranging set of activities including financial accounting and reporting.

Manage the company budget and control income, cash flow and expenditure.

Manage the ongoing development of professional capability of the finance team and the financial understanding of non-finance managers.

Manage and monitor internal and external audits, provide required financial information & data to auditors and assist in preparing detailed audit reports to highlight shortcomings in procedures.

Prepare financial and regulatory reports required by auditors and management; examine financial and legal documents to verify accuracy and adherence to financial regulations and acceptable financial principles.

Perform a variety of advanced financial analyses to determine present and forecasted financial health of the company; present potential scenarios and outcomes to all internal stakeholders.

Consistently ensure quality control over financial transactions and financial reporting; ensure that all financial transactions are properly recorded, filed, and reported.

Ministry of Finance, Treasury Headquarters, Kwara State / Abia State, Nigeria (2006 – 2016)

Assistant Expenditure Controller (2010 – 2016)

Project Accountant (2007 – 2009)

Assistant Expenditure Controller (2006 - 2007)

Responsibilities as Assistant Expenditure Controller:

Managed overall functioning of Expenditure section including planning, maintenance reports, admin correspondence and providing oversight to the validation and approval expenditure requirements.

Collated and analyzed data, developed financial reports and submitted to management for effective decision making.

Accountable for preparation of State Joint Local Government Accounts as well as E-payment Database Account.

Monitored all accounting transactions, reviewed accounting data, verified transactions to assess the accuracy of journal entries, maintained all accounting ledgers and performed monthly review of all account reconciliations.

Posted journal entries and reconciled accounts, maintained cashbook along with reconciliations; maintained all receipts and payments records for audit purpose.

Examined GL on monthly basis and ensured that all rectification entries, expenses, prepayment and accruals are provided in the books before being closed.

Designed, implemented, reviewed and monitored internal control policies, procedures and systems.

Analyzed, evaluated and reconciled complex financial data to arrive at accurate conclusions and recommendations; reviewed and verified the accuracy of financial data and information.

Monitored and ensured timely payments and correct recording of all expenditure operations.

Prepared, examined, and analyzed accounting records, prepared annual local government financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.

Consistently ensured strict adherence to government and financial policies and regulations.

Responsibilities as Project Accountant:

Monitored and ensured that all accounting records are maintained as per approved accounting standards and in line with the Bank’s requirements and Government’s regulations.

Developed and implemented annual budget and strategic work plans in coordination with the PIU.

Prepared relevant books and ensured detailed records are maintained for each project.

Prepared various financial and accounting reports related to projects on periodic (monthly/quarterly/annually) in the formats approved by the Banks.

Implemented adequate systems of internal control to ensure accuracy and adequacy of accounting records.

Ensured that all accounting records are updated promptly.

Performed bank reconciliation to compare the balance in the bank as per the company’s accounting records with the balance stated in the bank statement.

Responsible to issue receipts, prepare payment vouchers and maintain the cash records as per laid down procedures.

Maintained Advance Payments Register and monitored advances settlement.

Ensured appropriate maintenance of IDA Withdrawal Applications Register, Fixed Assets Register, Register of Imports, and other subsidiary ledgers.

Ensured invoices submitted for payment at the PIU are promptly attended to and forwarded to the PFMU for processing.

Previous Assignment

Manager, Faskyo Computers, Kwara State, Nigeria (2000 – 2003)

Educational & Professional Qualifications

CIPM (Certified International Professional Manager), International Professional Manager Association, UK (2018)

ACA (Associate of Chartered Accountants), Institute of Chartered Accountants of Nigeria (ICAN) (2017)

ACIT, Chartered Institute of Taxation of Nigeria (CITN) (2017)

Certified Accountant of Nigeria, Association of Certified Accountants of Nigeria (ANAN) (2009)

BSc. – Accounting (Honors), Kwara State University, Malete, Kwara State, Nigeria (2017)

Master in Business Administration (MBA), National Open University of Nigeria (2014)

Higher National Diploma in Statistics, Federal Polytechnic Offa, Kwara State, Nigeria (2005)

Ordinary National Diploma in Statistics, Federal Polytechnic Offa, Kwara State, Nigeria (2002)

Diploma in Computer Hardware, Trek-Tech, Engineering Services, Ilorin, Kwara State, Nigeria (2001)

Ordinary Diploma in Desktop Publishing/Data Processing, Faskyo Computers, Kwara State, Nigeria (2000)

Other Certificates/Trainings

Professional Post-Graduate Qualifying Diploma in Management Consultancy Practice & Organizational Transformation, International Professional Manager Association, UK (2018)

Enterprise Creation & Skills Acquisition, Kwara State University, Malete, Kwara State, Nigeria (2017)

IPSAS Implementation: Challenges & Solutions, Institute of Chartered Accountants of Nigeria (2016)

Idea Data Analysis Software A Computer Audit Techniques & Tools

Certificate in Accounting Software: Sage, Quick-Book, Dac Easy & Peachtree

Workshops Attended

Advanced Financial Management Course, Administrative Staff College of Nigeria, Topo Badagry

Computation of Financial Statement, Accountant General Office, Kwara State

Computer Accounting & Auditing Techniques (CAATs), Clement Issah & Partners, Lagos State

Personal Details

Nationality: Nigerian

Date of Birth: 5th June, 1979

Marital Status: Married

Languages: English, Yoruba, Hausa

Hobbies: Research, Reading, Table Tennis, Football, Strategic Planning

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