OLADAPO FRANCIS ADEKOLU, CPA, CGA, ACCA, CA

Fredericton, Newbrunswick 506-***-**** admtgx@r.postjobfree.com https://www.linkedin.com/in/oladapo-adekolu-cpa-cga-acca-aca-52935371/ PROFESSIONAL SUMMARY

I am a structured finance and accounting professional with experience in cost accounting, financial statements preparation and analysis, M & A transactions, Business valuation, Management reporting, Strategy, Budgeting and Forecasting, Accounting policy update, Depreciation of Fixed Assets and Amortization of Intangible Assets. I have helped develop and implement accounting setup for financial reporting purposes in line with IFRS, IAS and GAAP.

AREA OF EXPERTISE

• General Accounting • Depreciation of Fixed Assets

• Mergers and Acquisition Transactions • Budgeting and Financial Projections

• Financial Statement Preparation & Analysis • Management Reporting and Strategy

• Business Process Review and Improvement

• Good use of SAP and Office 365

• Facilitating/Training, Financial Advisory

• IFRS and IAS Implementation and Reporting

WORK EXPERIENCE

Government of New Brunswick, New Brunswick

Department of Health, Financial Services

Financial Analyst, Medicare Program March 2021- Date

• Preparation of Budget figures for Medicare Programs and Out of Province Hospitals

• Monthly preparation of Financial Operating Statements

• Month and year end forecasting and accruals preparation

• Negotiation of programs as well as pricing with out of country hospitals

• Macro review and program viability analysis

• Automation of reports and development of Standard Operating Procedures for various accounting procedures as well as accruals

D & L Motors, Fredericton, Newbrunswick

An Automobile Company

Senior Accountant- Full Cycle Accounting Dec 2020-March 2021

• Responsible for general accounting, accounting entries proposition and validation

• Accounting set up on Xero Software as well as training on its usage.

• Receivables and Payables Analysis

• Inventory Analysis as well as accounting

• Payroll preparation and accounting

• Variance Analysis as well as Financial Statement Analysis

• Month end reporting and Management reporting

• Annual Account Preparation in line with applicable accounting standards

• Budget preparation, cost allocation and apportionment as well as variance analysis

• Inventory count coordination and validation

• Market Intelligence Report as well as Assets and Liabilities Management Report monthly

• Hands on Facilities Reconciliation and Bank Reconciliation Statement Preparation

• Responsible for 5-year budget plan and forecast for the organization. Achievements:

• Discovery, utilization, and implementation of more functionalities on the new accounting software acquired: Xero Software.

• Setting up Budgeting System for the company as a whole as well as monitoring tool

• Optimized and managed Inventory of over $1,000,000 by implementing a standardized inventory management system.

• Pioneered set up of reporting tool for profit centers.

• Assisted in identification and implementing cost effective solution in procurement of Inventory – Vehicles.

• Championed the development and implementation of a holistic business performance reporting tool to evaluate monthly results against key success.

• I designed an internal control procedure as well as approval process for expenditure above $500.

• I seamlessly assumed the role of team lead of Finance and Accounts and achieved cleanup of long outstanding receivables and payables.

JOF Nigeria Limited

A supply chain, Haulage & Logistics Company

Senior Financial Analyst, Treasury and Finance March 2019-Oct 2020

• Pricing and negotiation with banks on credit facilities

• Responsible for general accounting, accounting entries proposition and validation

• Hands on Facilities Reconciliation and Equity valuation

• Responsible for 5-year budget plan and forecast for the organization.

• Variance Analysis as well as Financial Statement Analysis

• IFRS 9, IFRS 7, IFS 13, IAS 18, IAS 36, IAS38, IAS 16, IAS 40, IAS 23, IFRS 5 reporting.

• Month end reporting and Bank Reconciliation as well as Regulatory Reporting

• Annual Account Preparation in line with IFRS and IAS

• Investment decision making as well as liaising with the treasury department on viable investment options.

• Receivables and Payable Analysis and follow up.

• Budget preparation, cost allocation and apportionment as well as variance analysis

• Inventory count coordination and validation

• Preparation of financial statement of the organization in line with IFRS

• Market Intelligence Report as well as Assets and Liabilities Management Report monthly

• Letters of credit consummation as well as pricing decisions with various multinationals

• Accounting policy update and effective accounting standards update as well as impact analysis on the organization.

Achievements:

• I designed an internal control procedure that helped management minimize errors and fraud which eventually led to the recovery of funds at JOF Limited to the tune of $1mn.

• I coordinated the external audit of the organization and prepared the IFRS Financial statement seamlessly.

• Tightened the operational expense of an organization as the finance lead and put in place some controls which helped uncover control deficiencies hence saving the organization some reputational damage.

• End to end budgeting for the organization

• Negotiated a 300-basis point reduction in cost of fund with banks on Overdraft accounts as well as Reduction in LC issuance commission consistently for 18-month period.

• Discovery of more functions on SAGE 50 with excellent usage of quick books

• Pioneered set up of reporting tool for profit centers.

• Championed the development and implementation of a holistic business performance reporting tool to evaluate monthly results against key success measures and budget for JOF Limited. Coronation Merchant Bank

Senior Financial analyst, Coronation Securities Limited and Senior Financial Analyst, Coronation Merchant Bank August 2018-March 2019

• Detailed analysis of the brokerage market with a view to improving performance.

• Daily, Monthly and Quarterly cost analysis as well as variance analysis

• Daily preparation of Management Account for Coronation Securities Limited

• Valuation of various Investment securities as well as Unquoted equities for the group

• Annual Account preparation alongside relevant disclosures in line with IFRS and IAS and all relevant accounting standards

• Accounting standard update as financial disclosure in the annual report

• Regulatory Reporting and Preparation of Month End Returns

• General accounting, Journal postings, month end entries and postings, monthly reconciliation, regulatory returns to the central authority.

• Prepared the 4-year budget plan for the bank.

Achievements:

• Coordinated the external audit of a Merchant Bank (Auditor- PWC) as well as attended to all matters arising without the intervention of the CFO.

• Prepared the IFRS Financial Statement without hitch.

• Contact person for the setup of FINTRAK (A performance reporting tool) for the bank.

• Provided strategic vision for the finances of a stockbroking business as the financial controller which helped outperform the budget set for the year by 125%

Guaranty Trust Bank Plc: Commercial Bank

Group Financial Control, Group Reporting/Strategy Unit and Digital Banking Unit December 2012-July2018 Financial Reporting and Management Reporting Analyst

• General accounting, Journal postings, month end entries and postings, monthly reconciliation, regulatory returns to the central authority.

• Daily Financial Statement Preparation and Analysis as well as policy recommendation to the Chief Financial Officer on the Balance Sheet Mix and Efficiency. Annual account preparation alongside relevant disclosures.

• Monthly reporting and returns on Basel III Capital monitoring and liquidity measures which cuts across liquidity monitoring and management. This includes disclosure in line with Pillar 3 of Basel as stipulated by Central Bank.

• Development of performance indicators for various profit centers as well as some cost centers for evaluation purposes

• Budget preparation and performance measurement for the bank as a whole

• Budget Analysis session as well as catch up plan building.

• Coordination of various business unit performance within corporate plans and strategies as well as Product Profitability Analysis

• Management and implementation of monitoring systems for business unit performance indicators and standards which forms the basis of appraisals.

• Development of the budget, planning & forecast and other corporate/business financial requirements.

• Preparation of Annual Account as well as relevant disclosures in line with IFRS and liaising with external auditors

(PWC) on half year and full year audit.

• Valuation of the Fixed Income Securities portfolio of the Bank as well as sensitivity analysis of the portfolio for disclosures in the Annual Report: Carrying Amount, Gross Nominal Inflow, Fair Valuation, Maturity Bucket amongst others.

• Annual update of accounting policies, new effective IASs and IFRSs as well as impact analysis on the Financial Statement of the bank

Achievements:

• Appointed as one of the champions that implemented the Management reporting tool for profit centers for Guaranty Trust Bank Group which comprises of the Bank and 6 main subsidiaries across Africa and the United Kingdom

• Worked with the team that developed a cost control report for all cost centers which is being monitored monthly. This took the banks cost to income ratio to 38.4% from 42%

• Championed “Calypso”: software implementation project for treasury instruments for the Bank as well as OBIEE for performance analysis (Oracle Business Intelligence Enterprise Edition). Participated in the system testing and its full implementation.

• Revamped the digital banking product of the banks: An online payment system and grew the customer base and users from 365,000 to over a million users.

• Received award from top management for applying best practices research techniques in executing financial control procedures which ultimately led to an efficient audit process. SKILL SET

• Excellent Communication • Numeracy

• Strong interpersonal skill • Top notch analytical skill

• Problem solving skill

• Advanced user of Excel & Outlook

• Experience in the use of SAP

• Critical thinking

• Expert in the use of MS word and PowerPoint

• Experience in the use of Oracle Business

Intelligence software

EDUCATION

• Bachelor of Science, Economics (First Class) 2010 University of Lagos

PROFESSIONAL DEVELOPMENT

Chartered Professional Accountants (CPA)-

(Member license 61019649)

2020

Association of Chartered Certified Accountants (ACCA), United Kingdom

–

(Member license 1691850)

2017

Institute of Chartered Accountants of Nigeria (ICAN)- 2019

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