Accounting / AP Specialist
Resume:
Taiwo Kuyoro
***********@*****.*********:***********@*****.***
Profile Summary
An astute financial accounting professional with over ten years’ successful track record in full cycle accounting; skilled at building positive and effective relationships with key stakeholders, providing contemporary business-focused compliance and risk management expertise; possesses an inquiring mind and ability to influence decisions to ensure compliant behaviour
Summary of Qualifications
Combined hands-on experience in treasury management, accounts payable, financial reporting, internal audit and control, multi-site regulation, risk management and compliance
Strong experience in performing reviews and analysis of internal controls, financial policy development and internal/external audit responses, data and records management
Highly proficient in the use of MS Office products and various ERPs such as Eskadenia, TMW and others.
Highlights of Achievements
Successfully implemented the first and flexible annual Internal Audit charter within the organization, which led to the establishing of an effective and recognized Internal Audit Department
Codified the first accounts receivable policy and circulated same through the organization, thereby improving revenue collection by 85%
Solved and rectified the problem of differing monthly revenue reports by remodelling the report tracker thereby making the report consistent and stable with 100% reliability
Successfully built and led a highly successful line and project team
Effectively supervised monthly and quarterly variance to budget analysis team and advised management on best workable action plans
Effectively monitored and reported revenue generation, measured revenue performance, compared budget to actual on monthly and quarterly basis for more than 5+ years
Successfully implemented policy on cost reduction, thereby reducing both automobile maintenance and gas consumption costs by 35% and 25% respectively
Selected Highlights of Key Experience
Accounting Specialist – Aveda Transportation & Energy Services
2018 - Present
Handling and coordination of daily and weekly treasury management activities
Preparing the weekly cash flow forecast for Management decision making
Ensuring that funds are available for operations as and when required in accordance with approved or revised cash flow forecast
Ensuring adequate funding of all Company’s bank accounts and maintaining a weekly and monthly positive account balance in all bank accounts
Conducting daily and weekly bank reconciliations of all bank balance with cash accounts
Sets-up and monitors all Visa card accounts for both US and Canada employees, handling and resolving all issues relating to suspicious/fraudulent transactions, ordering of replacement cards, ensuring coding and submission of expense reports to the designated employee, payment of card balances before due date
Books all the AR’s Cash/Cheque deposits/receipts and apply same to the related invoices
Prepares and monitors monthly AP accrual lists for monthly financial accounts and liaises with the Director of Finance with respect to month end closing
Raising GL journal entries – investments, accruals, adjustments, reclassifications, etc.
In compliance with C-SOX and SOX regulation on separation of duties, review and post GL journal entries raised by other members of the Accounts department
Weekly and monthly analysis of gas and fuel usage and cost and redistributing them to the respective cost centres/units for approval and decision making
Accounts Payable Specialist – Aveda Transportation & Energy Services
2014 – 2018
Processes all purchases (suppliers’ and vendors’ invoices) and as well as refunds (credit notes)
Classifies purchases into or by expense types and obtains appropriate payment authorization
Manage and coordinate work of team members while being responsible for various personnel functions including recruitment and selection, performance management and vacation schedules.
Creates, maintains and updates vendors’ profiles and maintains other required documentation
Ensures compliance with the Company’s authority matrix and approval limits
Manage AP operations effectively by monitoring, reviewing key metrics and developing new metrics and as well as effectively reconciling account statements.
Reviews Vendors/Suppliers Credit Applications and aligns them with Company’s payment terms
Politely handles suppliers account queries via telephone, email and fax and promptly resolves queries and deal with complex issues related to payment requests, including non-purchase order and purchase order transactions (e.g. final demand letters, settlement agreement, finance charges/fees negotiation, etc.)
Efficiently performs weekly payment runs for both Canada and US operations
Successfully trained 5 AP team members on all AP activities and functions within 2years and also responsible for team development and coaching; fostering a culture of support and continuous learning within the team
Prepares and monitors monthly AP accrual lists for monthly financial accounts and liaises with Corporate Controller with respect to month end closing
Participate in and/or lead the planning and development of AP system enhancements/initiatives
Team Lead, Internal Audit - Sovereign Trust Insurance Plc. Lagos, Nigeria
2007 – 2013
Actively reviewed the annual internal audit plan on a year to year basis
Designed new audit procedures that supported company policies and organizational structure and worked with the Risk Management team in order to eliminate or reduce identified risks
Performed Compliance and Regulatory Audit for company terminals across the country
Reviewed from time to time business operations and environment in order to identify potential cost savings and value adding opportunities and recommended cost reduction and profitability improvement measures
Monitored asset acquisition and capital spending through capital expenditure control, tracked physical inventory and reconciled asset record, and tagged asset and enforced assets disposals policy which reduced asset and capital loss to 0%
Effectively reviewed on a continuous basis the effectiveness and efficiency of company internal controls and provide quarterly reports to both Audit Committee of the Board
Facilitated board and management decision making by issuing periodic and continuous audit reports on operational and procedural standards and quality assurance
Regularly reviewed degree/level of compliance with and/or adherence to established policies, plans, procedures and as well with regulatory requirements and ensured full compliance
Reviewed operations and revenue results in order to ascertain the consistency of results with the set target; compared achieved revenue with set budgeted and investigated deviations and recommended measures set at increasing revenue or correcting the deviations
Mentored, coached and trained 6 team members, evaluated their annual employee performance reviews (AEPR) and as well provided effective on-the-job training to facilitate employee competence optimization
Effectively coordinated annual capital and revenue budgeting and analysed prospect and new market development and penetration strategy
Accountant, Sovereign Trust Insurance Plc. Lagos, Nigeria
2003 – 2007
Achieved 100% target of monthly posting of entries into the assigned Banks’ cash books
Performed special financial analysis/research and submitted report before required deadlines
Accurately journalized entries for all revenue and expenditure transactions as and when due
Conducted monthly reconciliation exercises of bank and cash accounts and achieved 0% error level. Prepared bank/cash book and agreed same with bank balances
Coordinated ad-hoc tasks of other accountants in order to set priorities, produce schedules and generate necessary reports as required by Management
Analysed appropriate financial statements and investigated variances in order to make necessary recommendations to Management
Monitored cost in relation to annual financial plans, reconciled variances between annual budget and actual for the purpose of setting appropriate cost control/reduction measures
Consistently met deadlines and demonstrated strong analytical and problem-solving skills while maintaining standard and compliance objectives
Actively involved in the training of new accountants in Finance and Investment Department
Education
Canadian Accounting Fundamentals, SAIT Calgary, Alberta 2014
HND, Accounting – Moshood Abiola Polytechnic Ibadan, Nigeria 2001
Professional Affiliations
CPA Alberta – Passed/Completed all the 14 Modules of CPA PREP Alberta Mar. 2016
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