Manager Financial

KAREEM, Abiola Taoheed

Mobile: (+234-***-****-076 WhatsApp: (+234) 805-***-****

Email: ******.*.******@*****.***

LinkedIn: https://www.linkedin.com/in/abiolakareemtaoheed

Skype ID: coolmebio_1

FINANCIAL ANALYSIS FINANCIAL CONTROL COST ANALYSIS ACCOUNTING AUDITING

14+ years of performance driven and progressive experience in supply chain finance, commercial finance, finance shared services, corporate accounting and taxation & auditing. Adept in conceptualizing financial control measures in compliance to the standards while performing root-cause analysis complying with statutory standard to prevent any reoccurrences and defective issues. Acquired rich experience in accounting and finance operations, budgeting, forecasting, product costing & profitability analysis, variance analysis, new investment analysis, Opex/Capex management, management reporting, strategic planning and corporate finance along with extensive expertise in taxation, statutory compliance, project finance, working capital management and MIS.

Key Strength Areas:

Personal Traits:

Multi-Tasking ~ Organizer ~ Team Management ~ Good Listener ~ Self Motivated ~ Analytical ~ Detail Focused

Education

MBA – Financial Management, Ladoke Akintola University of Technology, 2015.

(HND)Accountancy (Distinction), Federal polytechnic Ede, Osun state, 2007.

(OND)Accountancy (Upper Credit), Federal polytechnic Ede, Osun state, 2004.

Accomplishments

Played a vital role in delivering SAP implementation project being part of team for Nigeria with zero business interruption at Henkel Nigeria, thereby:

oSaved the company the usual inventory count variance (2.1 TUSD in 2018 versus 836 TUSD in 2017);

oReduced manufacturing waste % from 2% to about 1.4% due to more transparency and control.

Successfully drove value engineering projects that led to the reduction in the manufacturing scrap % from 1.5% to 1% which turned to monetary savings of about 100TUSD for one year at GlaxoSmithKline;

Reengineered workflow processes, increased performance metrics and integrated values into performance management with demonstrated capabilities in corporate planning, resource management, and financial & administrative control in an increasingly competitive environment;

Exceeded goals and achieved organizational objectives with a proven history of providing valuable financial advice and demonstrated track record of consistently combining financial leadership with sound business practices to ensure improved bottom-line;

Professional Experiences

Apr 2017 – Aug 2020: Henkel, Nigeria

As Plant Finance Controller

Developing strategic financial plans and analyzing financial statements with overall accountability of accounting, financial management complying with financial standards;

Ensuring compliance with the company internal regulations and established control protocol

Completing standard paperwork and questionnaires to confirm internal controls

Participating in meetings with individuals and departments to update them on findings and audit processes

Leading teams to review and analyses monthly & annual financial statements-audits; conducting effective analysis on business operations, trends, costs, revenues, financial commitments and obligations, to project future revenues and expenses or to provide advice;

Responsible for annual budgeting and periodic forecasting for the manufacturing plant and whole supply chain, scrutiny and control of operating expenses of the entire supply chain function;

Driving activities pertaining to analysis and reporting of manufacturing variances, product costing, capex control and tracking, inventory management, monthly actuals reporting and analysis versus budget, etc.;

Setting and managing processes in the areas of cost center structure and relevant reporting tools, while ensuring compliance with relevant internal and external guidelines and standards;

Strategizing adequate measures while monitoring as well as controlling the inward & outward flow of cash, ensuring optimum utilization of available funds towards the accomplishment of corporate objectives;

Preparing company budgets along with various presentations, formulating and providing segmental reports, analysis and related metrics, monitor the operational and financial performance for strategic feedback and planning;

Creating periodical KPI reports for the Management to assist in measurement of performance and preparing financial budgets for incorporation in company business plans;

Facilitating trainings to Junior to achieve performance objectives and supervising preparation of timely and accurate financial reports to help management in measuring performance and improving productivity;

Developing financial forecast for capital budgeting, accounts receivables, payables, cost accounting systems-procedures, fixed assets ledger and capital expenditure;

Analyzing investment proposal, checking viability of projects by conducting comparative study and statistics available in the market, and documentation of the proposals completed;

Preparing Financial analysis and Management reports including Cash flow forecast supporting the Plant management with the accountability of ascertaining the smooth planning cycle;

Driving Continuous improvement of controlling processes to achieve operational excellence and handling Material warehouse management by enforcing stringent controls;

Involved in CAPEX Controlling and facilitating seamless data support by reporting on the status of Projects at the manufacturing Plant.

Jul 2014 – Apr 2017: GlaxoSmithKline

As Site Finance Controller, (Joined as Finance Manager)

Prepared and managed standard cost of products with the entire end to end accountability of setting up internal controls for inventory of raw & pack materials and FGs;

Spearheaded annual factory planning/budgeting cycle, conducted capex review & control, prepared month-end accounting for JDE including Provisions and handled insurance as well as claims for Company assets;

Conducted variance analyses, prepared project feasibility studies and provided complete and accurate financial reporting for all divisions within the business, including budgeting, forecasting and project funding alternatives;

Provided financial overview and leadership for all major operating consideration and activities, including development of business and profit plans, closing of books (Accounts) and for the preparation of financials on monthly basis;

Systematized the Accounting procedure, handled VAT accounting, finalization of balance sheet and compliance of internal & external audit and meticulously documenting all major activities for effective reference and use;

Carried out asset depreciation calculation and facilitated assurance regarding physical verification of fixed assets at different locations of the company and their reconciliation with the accounts department;

Drove risk management system and changes to business initiatives and other internal processes, compared estimated levels of risk against risk criteria to identify risk management priorities.

Aug 2011 – Jun 2014: Reckitt Benckiser

As Supply Finance Manager

Take lead in the company annual Budget and quarterly Forecast

Analyze the business activities monthly to determine the gross margin of each brand, SKU and the total business.

Ensure all changes are done as required on a time to time basis to ensure updated standard costs and BOM in JD Edward

Ensure Inventory is valued correctly and as per company policy every month

Manage month end closing and ensure that books of accounts are accurate and clearly understood

Ensure factory OPEX and CAPEX are in proper control

Conduct Inventory schedule reconciliation monthly to highlight areas of opportunities or weaknesses in the inventory held

Ensure all supply cost are accrued in full every month, after proper review and analysis

Ensure accurate reporting in all financial reporting tools (Hyperion and IBM Cognos)

Evaluate areas where there is a need of SOPs in the factory

Conduct internal audits and reviews on a monthly basis with the Factory Accountant of various processes in the factory

Perform variance analysis for fixed and variable overheads and recommend actions

Provide cost evaluations for various promotions and NPD/EPD’s

Review Inventory ageing with the supply services team and recommend actions

PAST EXPERIENCE

Jun 2009 – Aug 2011: Consolidated Breweries Plc as Accountant, (Joined as Account clerk)

Feb 2004 – Dec 2005: Y. A. Adisa & Co. (Chartered Accountants) as Audit Assistant

Professional Associations

Associate Member (ACA) – Institute of Chartered Accountants of Nigeria (ICAN), 2010

Trainings Seminars Conferences Awards

Seminars and Conferences: Year

o43rd Annual Accountants Conference 2013

o42nd Annual Accountants Conference 2012

o41st Annual Accountants Conference 2011

Trainings: Year

oFront Line Leaders 2016

oIFRS Reporting 2014

oComputer Fundamentals 2011

oUse of Accounting Packages 2011

oUse of Auditing Packages 2011

oSunsystem Reconciliation Manager 2010

oAdvance Microsoft Office 2010

oHuman Manager for payroll 2010

Awards:

oAwarded Staff Performance Merit Award in 2010 for delivering excellent performance.

Technical Skills:

oMS Office Suite (Word, Excel, PowerPoint);

oPeachtree, Sunsystem, SAGE, JD Edward, Navision, SAP;

oAudit Command Language (ACL), IBM Cognos and Hyperion Financial Management.

Personal Details

Date of Birth: 21st Feb, 1981 Nationality: Nigeria

Languages: English

Driving License: Valid from Nigeria Dependents: 4

Administration, Budgeting and Forecasting, Risk Management/Analysis, Relationship Management, Compliance Management, Resource Management, Liaison and Coordination, Accounting Operations Strategic Financial Planning Payments & Disbursements Internal/ Statutory/Tax Audit Cash & Fund Flow Management Liaison/Negotiations Forecasting, Reporting & Analysis Bank Reconciliation Ratio/Variance Analysis Statutory Compliance MIS Financial Control Financial Analysis Working Capital Management Training & Development Analytical Skills

Recommendations:

Abiola Kareem is an astute leader per excellence. He quickly understands challenges his team could face delivering on a task and suggests solutions to those challenges for deliberations. He carries everybody along in his decision and believes in every team member’s ability. He is a good leader to work with any day. He is recommended for more senior roles. I am sure he will perform excellently. (Olawale Fatai on LinkedIn).

Kareem is a seasoned finance professional with can-do attitudes and high level of discipline and integrity. He respects timeline and capable of explaining financial figures to everybody’s understanding. He was part of the team that delivered interstellar project that gave birth to Suntory in Nigeria. I can confidently recommend him for more senior roles. (Olaniyi Alawode on LinkedIn)

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