Simeon A. Bakare

Lanham Maryland *****

adhtpt@r.postjobfree.com 202-***-**** (c) 301-***-**** (h)

Profile

Broad research and financial background with in-depth experience as government auditor. Demonstrated expertise in quality assurance, Generally Accepted Auditing Standards (GAAS), effectively communicating with internal and external stakeholders to ensure compliance with regulatory requirements. IT audit practice. Effective at preparing financial audit reports, Contract Audit report, Management Report, Complex Risk Management, verifying and confirming accuracy of information and Feasibility studies of project (applauded).

Professional Experience

Auditor, Defense Contract Audit Agency August 2017 till present

Perform contract audits including accounting system reviews. Analyzing Risk Management, ensuring regulatory standards and appropriate accounting treatment under Generally Accepted Accounting Principles were maintained while protecting the interest of the tax paper and warfighter.

-Performs, plans, and reports contract audit assignments in connection with procurement and contracting activities in excess of $1 billion between the Federal Government (DOD) and the contractor.

-Prepare risk assessment analyses and develop work papers to perform tests of contract’s records, internal controls, and accounting systems to ensure compliance with government regulations, accounting principles, cost accounting standards, and contract provisions.

-Maintains professional and technical knowledge of Contract Audit Manual (CAM), Cost Accounting Standards (CAS), Federal Acquisition Regulations (FAR), and other professional and regulatory publications

--Maintain audit working papers including preparation of schedules, summaries, and reconciliations as instructed or appropriate. Experience in Cost Plus, Time and Materials (T&M), and Firm Fixed Price (FFP) government contracts and subcontracts.

-Experience with subcontractor and vendor management, including reading and interpreting statements of work (SOWs), monitoring funding allocations, and reviewing and approving invoices

-Perform assigned audit steps such as tests and examinations of contractor’s direct labor and material costs.

-Check reports, records, ledgers, and other documents against invoices, receipts, payroll slips, and other source documents.

-Use of various audit analytical measurement to draw conclusion like statistical measurement, Data modelling etc.

-Actively and positively participate with other team members, providing updates on the status of audit assignments, sharing information, and identifying requisite revisions to the program and/or annual team goals.

-Maintain professional manner and working relationships with team members, associates, contractor and other government personnel.

Auditor, Office of Campaign Finance, 12/2015–July 2017

District of Columbia: Research Analysis & Audit Division, Washington, DC

Verify and ensure accuracy and compliance of financial information based on Generally Accepted Auditing Standards (GAAS) and Generally Accepted Government Auditing Standards (GAGAS), as well as Campaign Finance Law. Review appropriateness of debt, loans, and other obligations, ensuring accurate posting and preparing and submitting audit reports to Director of Campaign Finance. Created and update database of related business and financial information for business entities.

Review income and expenditure to determine adequacy or need for further investigation

Reconcile complex bank statements to identify vendors and flag apparent excessive payments or categories of payment not part of report.

Identify surplus funding for closed campaigns and review compliance of distributions.

Conduct periodic random field audits of information from public information records management, committee audits, and continuing principal campaign committees.

State of Maryland Department of Public Safety, Jessup, Maryland

Correctional Officer II/Audit Assistance, 2011-2015

Examined documents, recorded unit assets, and gathered information about inmate numbers, updating and processing monthly information sheets, maintaining inventory, and requisitioning inmate needs.

Recommended process improvement strategies to reduce costs and streamline work duties.

Supported rehabilitation and counselling of offenders.

Premier Health Services, Inc., Washington, DC

Quality Assurance Officer, 2010–2011

Negotiated and determined in-house quality procedures, standards and specifications, assessing client requirements and ensuring that these were met. Collaborated with administrative and field staff to maintain and ensure proper documentation of client profiles; communicated changes to third party health professionals.

Prepared and submitted documents to appropriate agencies for client certification renewals.

Implemented and adhered to HIPAA regulations to ensure necessary privacy of client information.

Nanol Oil and Gas Limited, Lagos, Nigeria

Internal Auditor, 2009–2010 (Reporting staff 5)

Conducted internal audits, analyzing periodic management reports and financial Statement; reduced time lag in preparing and presenting reports to management. Supported staff in setting, review, and achievement of targeted sales.

Evaluating controls and in identifying control gaps. Conduct substantive testing, such as tests of detailed activities and transactions or analytical review tests, to obtain audit evidence.

Slashed debtors’ ratio from 85% to 25% using credit control experience and improving computerized tracking systems.

Monitoring of asset maintenance- given the robust asset portfolio of the business.

Worked with external Auditor.

Prepared feasibility study for new project.

Interact with external Auditor

Standard Alliance Insurance PLC, Lagos, Nigeria

Finance & Investment Officer, 2007-2009

Prepared bank reconciliations for 20 banks, conducting periodic reviews of premiums collected and matching same to expenditures.

Analyzed multiple branch reports in terms of production, premium collection, and expenditure, identifying and noting extra budgetary expenses.

Coordinated foreign exchange transactions, posting to correct account codes, and prepared and processed multiple certificates.

FBG Foods Limited, (Supply Chain) Lagos, Nigeria

Accounts & Administrative Manager, 2004-2007 (Reporting staff 6)

Managed eight staff members, ensuring effective operations for five fast-food outlets. Prepared periodic management reports, compiling information from five outlet accountants; wrote feasibility report for new outlet. Advised management regarding tax matters and administration, ensuring compliance with government regulations. Projected cash flow and budget for management decision making.

Launched process improvement initiatives, saving $3M monthly by introducing tender approach for procurement of goods.

Cultivated excellent relationships with third party vendors and suppliers, negotiating cost-effective contracts for goods. Feasibility analysis of New outlet.

Alliance & General Insurance Company, LTD, Lagos Island, Nigeria

Officer of Accounts & Investment, 2001-2004

Assigned to credit control to monitor premium income; conducted analyses of debt and productions. Prepared joint reconciliations with brokers, daily cash positions, monthly financial activities, and schedule of fixed assets.

Processed payroll (wages and salaries) for 150 staff at multiple branches.

Management of Asset-Conduct in-depth stock monitoring, verification, and analysis.

Tax management analysis

Additional experience as business manager for Just Nails Limited in Lagos, Nigeria and compulsory national service interfacing with NYSC for First Bank PLC Apapa branch in Lagos, Nigeria.

Education and Credentials

Doctor of Information Technology (In Progress)

WALDEN University

Master of Information Technology, Information Assurance

University of Maryland – College Park, Maryland

Thesis: Impact of Information System Audit on cloud Computing

Master of Business Administration, Concentration in Marketing

Lagos State University – Lagos, Nigeria

Thesis: Effect of Various Marketing Research on Productivity (Case Study of Coca Cola PLC)

Bachelor of Science, Accounting

University of Lagos – Lagos, Nigeria

Thesis: Distress in Banking Industry (Case Study of Selected Distressed Banks)

Training

Data Analytics and Modelling

Statistical Analysis and Regression

Effective Audit Reporting -Quality Assurance Dept Federal Government 2019

Modeling Business System- Quality Assurance Dept Federal Government 2019

Critical thinking-A modern Approach-Defense Contract Audit Initiative.2019

Financial Management and Audit Readiness-ongoing.

Risk Assessment Analytics and Financial Statement Analytics/HIPAA/Privacy (ISACA) March 2016

Developing and Presenting Audit Findings (Graduate School of America) Sept 2016

Computerized Payroll Administration (Nigeria Institute of Management) 2002

Advanced Insurance Accounting and Taxation (Kitman Associates) 2002

Voluntary Experience

RCCG Tree of Life

Jury activity

Professional Associations

-DEFENSE FINANCIAL MANAGEMENT LEVEL 2

-CERTIFIED INSTITUTE OF INTERNAL AUDITOR (CICA)

CERTIFIED INSTITUTE OF FRAUD EXAMINER member

-CERTIFIED INSTITUTE OF SYSTEM AUDITOR Member, ISACA

-Associate Member, Chartered Institute of Cost Management, Nigeria, 2006 –

-Nigeria Institute of Management

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