Oyekanmi Ayodeji Akinpeloye, ACCA, CPA
Oyekanmi is a chartered accountant and a professional accountant with the Association of Chartered Certified Accountants (UK) and the Chartered Professional Accountants (Canada) respectively. He has over 12 years- experience with experience across banking, capital markets and insurance industries both within consulting as an industry and the operational industry for hands-on experience. He has led several teams (comprising of tax, Information technology and financial risk management) with sizes between 10-30 on external audit and assurance engagements. As a finance manager, he has managed asset/investment portfolio worth over $150 million. He is a results-driven, resourceful and efficient finance and business solution professional. He has won several awards for excellence both in consulting and as an industry practitioner. He is a results-driven, resourceful and efficient finance and business solution professional. He has won several awards for excellence both in consulting and in the industry.
He is an individual with an unflinching zeal to impact positively in all spheres and reach the pinnacle of his career through the process of learning in an enabling environment where healthy competition exists with a level playing field where hard work, professionalism and job commitment are admired and rewarded. He has attended several professional and leadership trainings within Africa and Europe. He is experienced in managing a large portfolio of audit clients and commercial companies ranging from owner-managed to large-listed and international organizations. He has extensive in the use of SAP, Idea, Clara among other reporting and audit applications. He is responsible, agile, respectful, drives collaboration and inclusion within teams. He is currently an experienced Manager (Manager IV) in the financial services industry unit of the KPMG Nigeria, Audit division.
IFRS, strong financial reporting, assurance, financial analysis, leadership, financial statement, strong stakeholder relationship management, financial restructuring advice, asset and liability management, insurance finance, project and financial management, team management, risk management, analytical skills, tax management, budgeting, negotiation, etc.
PROFESSIONAL QUALIFICATIONS AND MEMBERSHIP
Association of Chartered Certified Accountants (ACCA)
Chartered Professional Accountants (CPA)
Manager- Audit and Assurance services October 2018 till date
KPMG Professional Services Lagos, Nigeria
Responsibilities and key results:
I assist engagement partners in the overall risk assessment to conclude decisions as regards acceptance and continuance with the clients on audit and assurance engagements, substantially performing and documenting the pre-engagement activities including the compliance with ethical requirements (independence and conflict of interest check) and the assessment of client and engagement risks.
I review and present reports to senior management, audit committees and board of directors of companies at the end of every engagement
I am involved and I maintain the point of contact for select senior level client staff throughout the year
I oversee the detailed audit engagements of managers and seniors (as applicable) on audit and assurance engagements
I keep up to date with KPMG's product and service offerings, identifying sales opportunities that will help the firm grow the business and make presentations of such to management every quarter
I liaise closely with clients in relation to planning and closing meetings, and discus business developments generally on weekly basis
I nurture and seek worthwhile relationships with clients, business departments and staff, for the sharing of information on monthly basis
I manage portfolio of clients within the financial services industry, oversee in-charges and other staff members’ activities to verify compliance with client, statutory and KPMG requirements, appreciate relevant internal and external market factors and assure the effective and timely delivery of engagements
I oversee and direct the budgeting, planning, co-ordination and control of engagements accordance with client, statutory, KPMG and business requirements to guarantee effective service delivery and maximized recoverability constantly
I consciously direct, coach and mentor assigned audit staff in a performance manager role on regular basis while also facilitating internal trainings
I assist partners and directors in monitoring the effectiveness of Audit services delivered, providing feedback and reflection regularly while promoting the firm’s values and belief as well as demonstrating integrity
I review audit reports and financial statements of entities, particularly those in the banking, insurance, Pensions and asset/fund management using the designated checklists and the standard illustrative financial statements
Based on my experience in the insurance space, I assist with the lead Partner for Insurance to provide appropriate guidance on accounting treatment of insurance contracts across the tax and business advisory arms of the firm regularly
I effectively manage new and existing client accounts including quality and risk management, billing, fee analysis and new service development and provide reports of this to management on a weekly basis
Working with other managers, I help confirm proper deployment and development of talents within the audit division and assist with the career development of team members on ad-hoc basis
Stanbic IBTC Holdings Plc Group (comprising Stanbic IBTC Bank Plc, Stanbic IBTC Capital Limited, Stanbic IBTC Pensions Managers Limited, Stanbic IBTC Asset Management Limited, Stanbic IBTC BDC Limited, Stanbic IBTC Ventures Limited, Stanbic IBTC Trustees Limited, Stanbic Nominees Limited, Stanbic IBTC Insurance Brokers Limited and Stanbic IBTC Mutual Funds (14 funds), National Insurance Commission, Nigerian Council of Registered Insurance Brokers, Great Nigeria Insurance Plc and Goldlink Insurance Plc and Lagos State Employment Trust Fund (using PSAS).
Finance Manager August 2017 to October 2018
CUSTODIAN LIFE ASSURANCE LIMITED Lagos, Nigeria
I supervised and presented the Company’s monthly and quarterly performance including the analytical review, business intelligence reports, peer review and product profitability analysis to the Company’s top management and Board of directors
I made sure that the company’s annual financial statements were completed by the external auditors and approved by regulatory authorities within 45 days after the end of the financial year
I deliberately monitored new international financial reporting standards and evaluated the impacts of the new standard on the entire group entities presenting it to all stakeholders within the group at least on quarterly basis
I took charge and managed the successful implementation of the Company’s core business application working with other stakeholders within the company translating to 90% customers’ complaint within two months
I gave technical guidance to the actuarial team on capital and asset liability management especially on product profitability of existing and new products thereby increasing the products’ profitability by 12%
I effectively managed all tax matters involving the company from income taxes to Value Added Taxes and Withholding Taxes with the Federal Inland Revenue Service and the State Inland Revenue Services achieving tax efficiency of 8.5%
I coordinated the yearly budgeting process of the company from data gathering to analysing variances between actual performance and budgeted numbers. I transformed the finance function of the company for better performance and the team’s output through proper coaching and development of simple and easy-to-use templates
I played a significant role in reaching out to retail customers, which projected to generate about 20% of the current revenue of the company
Finance Manager/ Head, Management Accounts & Reporting December 2013 to August 2017
AXA MANSARD (a listed entity) Lagos, Nigeria
Responsibilities and results:
I adequately supported the Chief Finance Officer in managing the entire finance function for better and effective performance of the group covering the Insurance, asset management, pension management, health management and property management businesses
When I joined the company, I overhauled the group reporting and consolidation templates of the company. Also, when AXA acquired the majority stake in the company, I spearheaded the effective finance integration (SAP) of AXA Mansard with AXA Group and I gave financial and accounting advice during due diligence for the Group's acquisitions
I made significant contributions and headed the Finance workstream in the development of a successful retail HMO product by AXA for the Nigerian market achieving 75% of the financial projections in the first year.
I represented the Finance team in the selection process of new core investment and insurance application for AXA Mansard Insurance and Investments
I checked that monthly group management accounts were ready three days after every month and working with external auditors, I established that audited financial statements were approved by regulatory authorities sixty days after the year end and ahead of regulatory reporting submission deadlines. Working with the Group’s Chief Executive, I prepared the forecast financial information submitted to the Nigerian Stock Exchange on quarterly basis with minimum deviations from the actual results
I worked with the Actuarial and risk management team in Building the AXA Mansard Group's Solvency II model
Senior Associate, Audit Division- September 2009 to December 2013
KPMG PROFESSIONAL SERVICES Lagos, Nigeria
Responsibilities and key results
I led teams of financial experts on external audits and other agreed-upon procedures for financial institutions including banks, investment banks and insurance companies.
I delivered timely and efficient audit and accounting advisory services to clients
I contributed other value adding transformation services to my clients which brought about turn-around for the businesses.
I reviewed internal processes for best practices and regulatory compliance,
I reviewed the clients' risk management frameworks especially for business continuity.
I implemented over -sight functions on clients' compliance with different tax laws and regulatory environment.
I laid out due diligence services to clients in the financial institution space especially banks and insurance companies and trained 40 new trainees and tutored new trainees at the KPMG Basic Accounting Course (KBAC).
Union Bank of Nigeria, Access Bank Plc (formerly Intercontinental Bank Plc), Stanbic IBTC Bank Plc, FBN Merchant Bank Limited, AXA Mansard Insurance Plc, Nigerian Interbank Settlement System, Union Trustees Limited, Consolidated Discount Limited, Guaranty Trust Bank Plc, Franco- Nigerian Chamber of Commerce and Industry and FATE Foundation (an NGO).
Audit Trainee 2008- 2009
OGUNSOLA & OGUNSOLA & CO Lagos, Nigeria
Qlife Family Hospital, Na’allah Oil and investments Limited
Obafemi Awolowo University, Ile-Ife, Osun State, Nigeria
BSc (Ed) Economics, (Second Class Upper Division) 2001-2006
St Thomas Aquinas College, Akure, Ondo State
West African Senior School Certificate 1992-1998
St Joseph’s RCM, School, Akure, Ondo State
Primary School Leaving Certificate 1988-1992
Award of excellence for the most innovative audit personnel within KPMG Nigeria, Audit Division (2011- 2013)
Award of the Best Finance Team (AXA Mansard Finance Team) among finance teams in Nigeria (2015- 2016)