Idowu “Id” Oduntan
Pro-active, experienced, energetic and detail oriented self-starter with a solid understanding of accounting fundamentals ;Demonstrated history of strong problem solving and analytic skills; Excellent presentation and communication skills verbally and in writing; Excellent Interpersonal and customer service skills to interact with senior management, colleagues and vendors in a professional and confident manner; Able to work independently and also in a team in a high paced, high volume environment with competing priorities; Solid understanding of US GAAP/UK IFRS’s; Legal Permanent resident USA.
MS Office, QuickBooks (On-line & Desktop), Microsoft Dynamics GP, Sage 50, 100, 200, SAP, Pegasus, Fleetway, Exchequer, IRIS, SAP, CODA.
Los Angeles, USA, 2020 - Date
IRS registered Tax professional with PTIN.
London, UK/Los Angeles, USA 2014 - Date
Ensure efficient and effective managerial/financial accounting for various companies
A/P; A/R; G/L/ Chart of Accounts set up and review
Review all Journal entries; Month/Year End closings
Advice business owners on systems/process analysis/ Implementation & documentation
Balance sheet accounts reconciliation/ Role forwards
Prepare audit file/ schedules & dealing with audit queries Managerial Accounting
Ensure that management have the right information to set goals, make decisions and monitor performance.
Manage day to day financial operations of various companies including developing controls and procedures
Create managerial accounting and cost allocation practices that improve transparency of business unit performance and cost reduction.
Develop KPI’s for business units.
Ensure sound financial management
Develop reliable projections that facilitate sound cash management.
Identify and pursue strategies that maximize cash availability and liquidity
Identify and pursue opportunities to reduce tax burden. Head of Finance 2008-2013
Metrobet (Leisure/Retail, 30 outlets - Revenue $40m) Strategy, forecasting & Planning
Primary responsibility for planning, implementation, management and control of accounting, finance and administrative activities of the company.
Rescued the company from closure in a timely manner by successful negotiation of millions of dollars of liabilities with the tax authorities and major creditors
Rescued the company from closure by analysis of performance to clarify profitability of key divisions and initiatives as required by loan providers
Modelled strategic options and made recommendations about which to pursue.
Conducted business and financial evaluations of specific proposals, programs and contracts. 2
Ensured that management had the right information to set goals, make decisions and monitor performance.
Managed day to day financial operations of the organization including developing controls and procedures
Created managerial accounting and cost allocation practices that improved transparency of business unit performance and cost reduction.
Developed KPI’s for each business unit.
Ensured efficient and effective reporting of the company’s finances
Prepared timely financial reports, including income statements, balance sheets, cash flow statements & forecast, tax returns and reports for government regulatory agencies, in accordance with GAAP and applicable government rules as required by loan providers
Ensured that all other external reporting and compliance obligations were fulfilled Financial Management
Ensured sound financial management within the company
Developed reliable projections that facilitated sound cash management.
Identified and pursued strategies that maximized cash availability and liquidity of the company.
Identified and pursued opportunities to reduce tax burden.
Ensured that the Company operated within the availability guidelines, applicable covenants and other constraints embodied in its loan agreements Financial Controls & Risk Management
Ensured minimization of the company’s business risk
Implemented policies, procedures and systems that improved the overall effectiveness of the finance function.
Ensured the integrity and efficiency of cash, receivables, and payables management.
Established internal controls and safeguarded the Company's assets.
Implemented effective controls ensured compliance with GAAP and applicable regulatory laws and rules for financial and tax reporting.
Oversaw the organization’s insurance coverage and other risk management functions. Budgeting
Ensured that the company’s revenue and expenses were systematically managed
Directed the process for setting business unit, department and company-wide budgets.
Periodically reported performance relative to budgeted goals achieving significant savings. Legal
Guided legal decisions
Reviewed and negotiated leases, contracts and other legal agreements (in conjunction with outside counsel as required)
Supervised all office & lease related safety policies, expenditures & repairs
Retained official corporate records, documents & communication Finance Manager, Speakfirst Ltd (Coaching- Revenue $2m) 2007 - 2008 London, UK
Consultant Accountant 2003- 2007
Financial Controller, Hire for Lower Ltd (Leisure -Revenue $15m) 2001- 2002 London, UK
Financial Controller - L’Occitane (UK) Ltd (Cosmetics/ Retail - Revenue $5m) 1999 - 2000 London, UK
Financial Controller, Long Tall Sally Ltd (Apparel/Retail - Revenue $16m) 1998 - 1999 London, UK
Masters of Business Administration; MBA [Warwick University, Warwick Business School, United Kingdom]; currently studying to become an IRS accredited enrolled agent [EA] USA