Accounting Manager

AHABUE, Frederick

***A, Agboola Adebayo Way, By Atinga Bus Stop, Jakande-Ajangbadi, Lagos.

Phone: 080********, 080********, 070********.

E-Mail: ***********@*****.***

Professional Summary

Highly analytical, result-driven tax accounting specialist who works quickly and accurately under tight deadlines

Extensive knowledge of SAP

Trustworthy Senior/Chief Accountant with over 20years in financial statement preparation and general ledger activities

Detail-oriented Financial Cost Controller with over 15years effectively maintaining accurate accounting information for large-scale Organizations

Seasoned Senior/Chief Accountant with records of accomplishment, dependability and reputation for integrity. Desire a challenging role as a Finance Manager/Controller

Resourceful accounting professional excelling at designing efficient quality control procedures and maintaining sound internal controls

Team-oriented Accountant adapt at creating clear comprehensive financial reports to present to senior management. Enjoys being part of a dynamic team.

Skills

Excellent knowledge of manufacturing cost processes and financial statements/reporting

Cash management & optimization

General/cost accounting & reporting, purchasing and financial analysis

Policies & procedure development and Internal control

Budget & credit management, Systems development and Strategic planning

Strong communication skill

SAP Expert and MS Office Suite

Work History

Financial & Cost Controller, 07/2020 to current

Segilola Resources Operating Limited (Subsidiary of Thor Exploration Limited) – Ilesa, Osun State

Ensured complete, accurate and timely management of financial affairs (management Account reporting inclusive)

Manage yearly financial and inter-audits

Prepared focused monthly analysis to track progress of the company in relation to financial targets and goals

Prepared budget, cost control, financial control, credit control and cash flow management

Assist in all Transfer Pricing documentation, assessment, filing and reporting

Liaise with the service provider for getting the Transfer Pricing review yearly within the time frame

Develop weekly cost reporting as required by the management

Work in tandem with General Manager on efficiency and profitability reporting across all departmental levels

Prepare and reconcile inventory costing.

Prepare costing analysis in Ore Stockpiles and Gold in Circuit. Prepare, analyse and report weekly, monthly, quarterly gross margin analysis by product.

Prepare WIP and FG inventory costing calculation using costing models.

Analyse cost accounting data and performs cycle count/physical inventories.

Monitor and maintain inventory costs integrity on a timely basis.

Prepare detailed account analysis and reconcile cost and inventory liability

Provide analytical and variance costing on all material areas of the accounts

Maintain internal control documentation and test internal controls.

Develop Internal control and departmental procedure

Liaise with company auditors on internal control testing and external audits

Develop and implement cost management plan, project controls plan, and risk management plan to evaluate project performance and recommend actions plan.

Support project manager in developing, reviewing and benchmarking of conceptual and baseline estimates and contract cost controls, as well as the compilation and co-ordination of strategic plan

Establish an effective work break down structure and cost coding structures and assigned schedule activities

Review contactor’s invoices for actual costing and tendering.

Perform overall project’s risk and variation management by analyzing, controlling and reporting thereof.

Enhance procedures on Asset Control along with annual CAPEX and OPEX budgets of the project.

Provide backup files for all signed off capex forms and capital invoices

Establish of a schedule Baseline and Cost Baseline for the project progress to be measured.

Compare actual costs to estimates and analyse variances and coordinates site budget and budgetary controls

Perform cost per tonne analysis with General Manager and Head of Finance and Accounts

Handles all Tax matters and other statutory obligations

Senior Accountant and Taxation Manager/Chief Accountant, 12/2013 to 07/2020

Oriental Food Industry Limited – Ibadan, Oyo State

Drafted and reviewed financial statement compilations before being approved by Management.

Compiled financial reports pertaining to cash receipts, expenditures and profit and loss.

Worked with management at the project level to ensure expense plans are achieved.

Ensure that the Annual accounts and Statutory reports are prepared timely, accurately and in accordance with Standards and Regulations;

Maintained fixed asset module and calculate and record monthly depreciation expenses

Collected and reported monthly expense variances and explanations.

Performed periodic budgeting/modeling to project monthly cash requirements.

Provide accurate monthly P&L projections (including absorption, functional expenses, material variances, and efficiency variances) linked to the SOP process;

Worked with managers to develop annual expense plan goals.

Created presentation formats for monthly/quarterly reviews of expense charge-outs.

Established procedures for custody and control of assets, records, loan collateral and securities to ensure safekeeping.

Performed complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.

Prepared accurate financial statements at end of the month/quarter/year.

Reviewed collection reports to determine the status of collections and the amounts of outstanding balances.

Assisted management with the finalization of the annual expense plans.

Prepared written responses on tax return amendments to resolve state and federal notices.

Facilitated communication with the tax authorities on various applicable taxes; CIT, VAT, WHT, CGT etc.

Prepared tax returns, extensions, tax planning calculations and write-ups as well as Tax audit.

Responsible for month end accounts closing and finalization of monthly statutory accounts and reporting in the ERP-SAP for consolidation purposes with National Food Industries corporation group in Jeddah;

Oversaw daily financial functions, including accounting, payroll, and financial reporting.

Worked with executives to create annual budget and tracked actual expenses against projected expenses.

Supervise proper accounting for import transactions from (MF, LPO, inclusive) with a view to ensuring accurate landed Assets/Materials/Spares costing, as well as LC transactions

Analyzed authentic manufacturing costs and prepared monthly report to compare regular costs to actual output costs;

Administered raw material purchases, inventory, and labor; analyzed data obtained and recorded results. and communicate forecast and inventory measurements to management;

Control inventory levels by conducting physical counts; reconciling with data storage system.

Maintain physical condition of warehouse by planning and implementing new design layouts; inspecting equipment; issuing work orders for repair and requisitions for replacement

Maintain receiving, warehousing, and distribution operations by initiating, coordinating, and enforcing program, operational, and personnel policies and procedures and provide/maintained efficient and effective logistics systems

Sourcing for funds required for the company’s operations at optimum prices and lowest risk and managing relationships with Financial Institutions.

I was solely responsible for setting up the Finance and Accounting department, SAP R/3 ERP based, of Oriental Food Industry Limited

Manager (Finance/Account & MIS), 5/2011 to 11/2013

Aluminium Rolling Mills (Division of Tower Aluminium Nigeria Plc) – Sango Ota, Ogun State

Consolidated financial data and materials for key leadership meetings.

Led monthly meetings with the departmental head to analyze spending and provide financial recommendations.

Monitored and analyzed financial, statistical and operational data trends.

Developed, produced and analyzed financial statements.

Built and maintained databases for forecasting future financial performance.

Developed forecasting tools and dashboards to analyze revenue variance, business pipeline and industry trends.

Evaluated the organization's loan market and recommended improvements.

Budgeted active and proposed projects by accurately determining pricing, margins and risk factors.

Identified risks associated with projects, contract approvals and other client accounting issues.

Monitored organization's performance against competitors.

Reviewed and analyzed project spending throughout project life cycle.

Ran and analyzed monthly revenue risk reports for the executive team.

Responsible for the finalization of monthly statutory accounts and reporting in the ERP-SAP for consolidation purposes with Tower Group and COMCRAFT CATISA Group in the UK;

Provide Management information(MIS) of a financial nature and its interpretation for effective decision making to maximize return on business;

Monitor daily production consumption variance and reporting.

Analyses cost accounting data and assist with cycle count/physical inventories.

Senior Accountant/Internal Control/Inventory Accountant, 12/2007 to 5/2011

Sosaco Nigeria Limited – Gbagada, Lagos

Generated financial statements and facilitated account-closing procedures each month.

Analyzed monthly balance sheet accounts for corporate reporting.

Cooperated with engineering, manufacturing and corporate accounting to verify that quality standards were met.

Created periodic reports comparing budgeted costs to actual costs.

Reduced annual tax adjustments by through better financial control.

Computed taxes owed by applying prescribed rates, laws and regulations.

Maintained integrity of general ledger, including the chart of accounts.

Filed tax returns and prepared governmental reports in compliance with strict standards.

Responsible for and manages the purchasing of strategic raw and packing materials category, through identification of opportunities, execution of sourcing and purchase strategies, to achieve efficiency in the system.

Negotiate contracts, improve prices and terms of business, with suppliers utilizing procurement best practice tools and methods

Consistently monitor market trends to stay abreast of the factors impacting on demand and supply, to be able to forecast trends, and implement actions, that positively impacts the company’s position

Issue requests for quotes/Proposals (RFQ/RFP). Select the best source and raise relevant orders.

Monitor supplier’s performance and collate data for measurement, and generating feedback.

Ensure compliance to corporate business principles, policies and standards

Effectively manage the relationship between the company and the suppliers.

Perform supplier market/category/supply risk analysis to achieve performance targets for inventory holding, suppliers’ service level and productivity.

Led warehouse improvement initiatives to advance operational efficiencies.

Communicated audit results to upper management through written reports and oral presentations.

Gathered data for internal audits through interviews, financial research and downloads.

Analyzed and reviewed cost reports and communicated results to suppliers.

Articulated audit findings, risks and detailed recommendations to upper management.

Supported management through risk identification, control testing and process improvement procedures.

Supervised and coordinated projects for external auditors and examiner evaluations.

Reported internal control issues to management and supplied comprehensive recommendations to mitigate the associated risks.

Finalization of monthly statutory accounts and reporting in the ERP-TALLY 9.0 for consolidation purposes of CAL, SNL MP with Sosaco group and Watanmal Group Hong Kong.

Participate in Initiating and coordinating the formulation of the business plans and budgets and monitor progress towards their achievement.

Maintain internal control documentation and test internal controls

I participated in the setting up of Accounting department, Tally 9.0 ERP, of Sosaco Nigeria Limited (Sosaco MP Sango Ota)

Accountant, 9/2005 to 12/2007

Bharat Ventures Limited – Ijesha, Lagos

Updating of account payable/account receivable and Credit sales monitory and control

Monitor and Evaluate daily expenditure to ensure integrity of the ledgers for the determination of business trends;

In charge of Monthly Tax Returns-PAYE, VAT & WHT and Handle all Tax Matters;

In charge of payroll/ payroll management

Reconciliation of bank statements and Reconciliation of intercompany accounts

Raising monthly standard journal

Creditors invoice booking & tracking and Vendor balances reconciliation

Suggesting vendor for payments requisition

Prompt Dispatch of remittance advice.

Flagging of and dealing with payment issues/ queries.

Maintenance of cash /Bank accounts

Collation and processing of export and import documents

Forex Reconciliation with Import Department

Verification of various bank charges to ensure accuracy and recovery, if any of excess charges

Assistant Accountant, 9/1997 to 8/2005

Viking Container & Marine Services Limited – Apapa, Lagos

Maintenance of weekly/monthly reporting on container deposit/demurrage accounting/schedules

Preparation of Monthly Final accounts up to Trial Balance

In charge of Monthly Tax Returns-PAYE, VAT & WHT and Handle all Tax Matters;

In charge of payroll/ payroll management

Reconciliation of bank statements and Reconciliation of intercompany accounts

Posting of Journals

Maintenance of cash /Bank accounts

Compilation of daily debtors’/creditors’ balances/Debtors’/creditors’ Age Wise Analysis

Collation and processing of export and import documents

Develop And Maintain An Efficient Documentation And Filing (Electronic And Hard) Process.

Preparing Meetings and making arrangements for Conference Logistics, travel schedules etc

Writing Memos And Correspondences,

And other Administrative duties.

Education

University of Ado-Ekiti, Ekiti State.

MBA; Business Administration, 2002

PGD; Financial Management, 1999

Federal Polytechnic, Nekede Owerri, Imo State.

HND; Accounting, 1995

ND; Accounting, 1991

Professional membership/Certifications

Institute of Chartered Accountants of Nigeria(ICAN)

Certificate in Effective Project Finance Management: Phillips Consulting

Certified Institute of Purchasing and Supply Administrators of Nigeria(MCIPSur)

Certificate in Tax Implication of IFIRS: ICAN

Personal Data

Date of Birth: 27 October 1971

Sex: Male

Marital Status: Married

State of Origin: Edo

Referee; On request

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