Tax Professional Finance Officer

USMAN, Semiu Ademola. BSc, ACA, MBA.

Block XV, David Sobanjo Avenue, AIICO Estate, Adesan-Abaren Road, Mowe, Ogun State.

Telephone: 080********, 080******** Email: ************@*****.***

SUMMARY

A chartered Accountant with the ‘’BIG4’’ experience from KPMG Professional Services .Over fifteen (15) years of extensive professional experience and responsibilities in audit, business process, financial reporting and Taxation in a variety of industries including Marine and offshore (oil and gas) services, consumer markets, telecommunications, media and technology; information, communication and entertainment; manufacturing; fast moving consumer goods and construction.

PERSONAL DATA

Sex: Male

Marital Status: Married

NATIONALITY: Nigerian

PROFESSIONAL QUALIFICATION

Registered Professional (FRC/2018/ICAN/000********)

Financial Reporting Council Of Nigeria (2018)

Associate Chartered Accountant ACA

Institute of Chartered Accountants of Nigeria (2011)

ACADEMIC CERTIFICATES

Master’s in Business Administration MBA

Redeemer’s University, Ede (2019)

National Youth Service Corps (NYSC)

Discharge Certificate (2006)

Bachelor of Science (B.Sc.) in Accounting,

Second Class Upper Division,

Onabanjo University, Ago Olabisi -Iwoye. (2005)

National Diploma in Business Studies

Upper Credit,

Moshood Abiola Polytechnic, Abeokuta. (1999)

WORK EXPERIENCE

MANAGER, FINANCIAL SERVICES- HEAD, TREASURY UNIT

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA (ICAN) (April 2021 to date)

Plot 16, Idowu Taylor Street, VI, Lagos.

Job Description

Understand, manage, and supervise all aspects of cash flow.

Forecast daily cash requirements and execute daily financing decisions.

Manage, direct, and develop Cash Management staff.

Manage all aspects of In-house investment portfolios.

Direct, monitor and trade investment portfolios including Working capital and other portfolios.

Manage long-term and short-term investment strategies.

Review and recommend changes to the investment policies based on the market conditions.

Prepare or monitor company’s various cash flow forecasts and perform financial modeling.

Evaluate, develop and implement cash management systems to optimize efficiencies.

Understand and manage appropriate accounting procedures and processes.

Manage relationships with financial service providers.

Monitor bank service fees and address quality issues.

Recommend, implement and maintain process improvements.

MANAGER, PROFESSIONAL PRACTICE

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA (ICAN) (March 2020 to April 2021)

Plot 16, Idowu Taylor Street, VI, Lagos.

Job Description

Practice Review to measure the review of Audit firms in the most professional manner in the public interest.

Review and update of the Institute’s SMOs to measure the level of the Institute’s adoption and support for the implementation of Quality Control, International standards on Auditing, Ethics, Accounting Education etc.

Review and update of Dashboard Report (DBR) to assess the status of ICAN adoption of International Standards and the level of the Institute’s fulfillment of IFAC membership requirements.

Assess Academy for Small and Medium Practice (SMP) to determine the extent to which the ICAN SMP Academy can bridge the knowledge gap observed among the SMPs.

Review and update of ICAN Code of Conduct and Guide for Members which measures the extent to which ICAN Code complies substantially with the international version.

Attends to committee matters such as Professional Practice Committee (PPC), Small and Medium Practice Committee (SMPC), to measure accuracy of minutes and timely processing of members’ claims.

Review and update of the Institute’s Statements of Membership Obligations (SMOs) approved by IFAC in 2015 by PPC (formerly PPMC).

SENIOR COST CONTROLLER/ANALYST

BOURBON INTEROIL NIGERIA LIMITED (Sept. 2019 – March 2020)

Marine and offshore (Oil and Gas Servicing)

FOT Terminal A. Road A. FOT Port Terminal.

Onne Oil & Gas Freezone.Onne, River State

Job Description

Provide guidance to Executive Management on financing strategy, company performance and financial decision making

Drive the company’s financial planning

Decide on investment strategies by considering cash and liquidity risks

Ensure cash flow is appropriate for the organization’s operations

Developing plans for growth to increase company profit while also reducing expenditure

Prepare and present finance report at monthly management meeting.

Ensure all vessels Plan maintenance are properly monitored and cost properly booked.

Ensure transactions are (AP, AR and Manual Journals) are properly allocated and book to allow a good reporting process and an accurate outcome.

Ensure that all OSV vessel operational margins are follow – up and provide necessary financial data that will help management in their decision making.

Provide an accurate and detailed budget/forecast as per details gathered from relevant stake holders

SENIOR ACCOUNTANT

GSK Nigeria Plc (Secondment from KPMG) (Oct. 2018 – Feb. 2019)

No1, Industrial Avenue

Ilupeju Lagos.

Job Description

The job was a contract of four months through KPMG to help the Finance department of GSK to reconcile back lock of Account payable balances.

Ensure prompt settlements of supplier’s accounts while in charge of purchase to pay; reconciled vendors account and match Purchase order with delivery note and invoices.

Ensure prompt retirement of Staff Travel & Expense balances by reviewing and allocated T&E retirement against advances and recommends pay role deductions.

MANAGING PARTNER

S A. USMAN & CO (Chartered Accountants) (July. 2018 – Sept. 2019)

N014, Raji Street,Off Branco Road, Mafoluku Oshodi, Lagos.

Job Description

The role here was an entrepreneurship function- Maintaining positive client relationships and driving new acquisitions. Developing and implementing Firms goals, procedures, and policies. Consulting and helping clients proffer solution to problems. Managing, monitoring, and reviewing business operations. Acted as loan staff to GSK through KPMG Professional Services.

SENIOR ACCOUNTANT

SMIT LAMNALCO NIGERIA LIMITED (Oct. 2012 – June 2018).

Marine and offshore (Oil and Gas)

Foreshore Towers

No 2A Osborne Road, Ikoyi, Lagos.

Job Description

Oversees all activities of the accounting department and involved in the supervision and management of general accounting activities, analyses, business partnership, and the maintenance of effective internal controls while ensuring statutory compliance in all accounting initiatives.

Responsible for the day-to-day aspects of the business’s accounting and reporting functions and reports directly to the Chief Finance Officer who takes responsibility over the entire financial department.

Work with other finance departmental heads in deciding on complex modeling of the business’s financial approaches that cut across the entire business.

Supervise the work of account staff and provide required assistance to ensure efficiency and accuracy.

Ensure the accuracy of GL balances by preparing and reconcile all account receivable and prepare monthly reports for same.

Ensure the accuracy of GL balances by monitoring all bills and invoices the company receives and ensures they are coded and posted properly.

Ensure the Integrity of all general ledger activities regarding all revenue accounts and billing department activities.

Prevent cut off issues by ensuring that all transactions, for each month, are recorded by the last day of the month so that monthly adjusting entries are completed.

Ensure that Value Added Taxes, royalties and amounts due to joint interest owners are properly accrued for.

Support external auditors to meet dead line by preparing audits schedule for all account receivables, payables, Employee related taxes and revenue accounts.

Supervise efficient working of account staff and provide required assistance.

Eliminated un reconciled transactions in the bank books working as the accountant in charge of reviewing and approval of monthly bank reconciliations.

Ensure prompt settlements of supplier’s accounts while in charge of purchase to pay; reconciled vendors account and match Purchase order with delivery note and invoices.

Relieve the company from late penalties and fines by ensuring necessary taxes are deducted from vendor’s invoice and remit to appropriate tax authorities.

Reduced debt collection period by working closely with client accounts, managing and monitoring them to ensuring payments are received promptly from clients.

Ensure timely monthly and annual taxation returns, and accompanying reports and reconciliations, which ensure compliance with relevant legislation, rulings and law.

Ensure smooth tax audit process by giving support to tax consultants and professionals in handling taxation audit

Provide tax saving recommendation to management.

Prepare, organize and handle all tax documents, reports and statements

Ensure compliance with tax professional standards and ethics in tax functions.

SEMI-SENIOR, AUDIT AND ASSURANCE SERVICES

KPMG PROFESSIONAL SERVICES (March 2009 to Sept.2012).

KPMG Tower,Bishop Aboyade Cole,VI, Lagos.

Job Description

Team lead to various Audit engagements

Statutory Audit of Financial Statements.

Preparation of Financial Statements

International Financial Reporting Standards (IFRS) conversion

Reviewed Design and Implementation of Internal Controls Processes and Procedures

Prepared Management Letter

Inventory Reconciliation and Management

Agreed Upon Procedures (AUP)

On different engagements, I was able to meet deadlines, evaluating audit findings; prepared and presented the results of audit work.

ASSOCIATE, AUDIT AND ASSURANCE SERVICES

BOLA – SADIPE & CO (Chartered Accountants) (Sep. 2006 -Feb. 2009)

22, Montgomery road Yaba, Lagos

Test and measure internal controls to detect and prevent losses due to fraud or negligence, and ensure there are compliance in term of Separation of Duties, Access Controls, Physical Audits, Standardized Documentation, Trial Balances Periodic Reconciliations and Approval Authority.

Evaluating the effectiveness of control systems and thus contributes to their ongoing effectiveness.

Performing appropriate procedures to ensure all applicable audit procedure requirements are completed in the audit

Assessing client’s financial reporting environment to ascertain conformity with applicable financial reporting standards.

SKILLS

Proficiency in the use of Microsoft Office Applications (MS Word, Excel and Power point)

Proficiency in the use of Microsoft Dynamics Great Plain (GP)

Proficiency in the use of Oracle, SAP,CRM,NAV and QuickBooks ERPs

Proficiency in the use of Electronic Audit (eAudit) application, IDEA and Caseware.

SEMINAR/TRAINING

Managing Personal Income TaxKPMG Nov. 2015

International Financial Reporting Standards (IFRS) Update (PWC) Sept. 2015

Basic Financial Modelling and Forecast (Phillip Consulting) July 2015

PWC Tax Academy 2014

Leveraging Financial and Technology for Business Success (ICAN). May 2014

Improve Personal and Business Effectiveness to enhance Productivity(ICAN) April 2013

Effective Business Writing Skills.(KPMG) July 2011

STRENGTHS

Excellent Oral and Written Communication Skills

Good Team Player and ability to Achieve Results

Ability to Work under Pressure

Analytical and Problem Solving Ability

Attention to Details and Good Organisation Skills

Integrity and Honesty

Self Motivation and Target Oriented

HOBBIES

Reading, Travelling, Watching documentary, and Meeting People.

REFEREES

Available on request.

Contact this candidate