ILORI JACOB FUNMI MBA, ACA.

080******** adttce@r.postjobfree.com www.linkedin.com/in/ilorijacob

Lagos, Nigeria

FINANCIAL CONTROLLER

Manufacturing l Real Estate Oil & Gas Construction l Shipping l Telecommunication Achieving Business Continuity through Efficient Financial Management Outstanding finance executive with over 14 years of experience, driving revenue growth and organizational development. Skilled at enhancing and optimizing business processes to ensure growth and success. Quantitative expert with exceptional speed and accuracy in analysing annual reports and providing comprehensive syntheses. Well versed in taxation, strategic financial planning, procurements, fund raising, operational risk management, policies formulation and improvement, auditing, and project financial management. Awarded best management staff for 2 consecutive years at Servetek Engineering Company Ltd and repositioned Standard Flour Mills Ltd to profitability. SIGNATURE FINANCIAL COMPETENCIES

Strategic Financial Planning

Accounting Software Proficiency

Analytical Skill

Standard Accounting Principles

Administrative & Leadership Efficiency

Financial Modelling & Data Analysis

Tax Management

Risk Management

Corporate Governance and Business Ethics

ERP Implementation

Internal Control

Effective Communication

Numerical Competence

Critical Thinking & Problem Solving

Supply Chain Management

PROFESSIONAL EXPERIENCE

Netconstruct Nigeria Ltd Real Estate and Oil & Gas Lagos, Nigeria Financial Controller 07/2020 – Present

Key Responsibilities:

Strategic Financial Planning, Budgeting and Control; Budget and budgetary control with analysis of variance for management understanding and decision making.

Formulate financial policies, treasury operation procedures and ensure adherence– Comes up with relevant financial policies (Payment Policy, Cash advance and retirement policy, Documentation Policy, Tax management policy, Petty cash policy, Inventory policy e.t.c) with intermittent review, ensuring adherence and consistency

Price Determination: Computation of product cost with agreed margin to arrive at selling prices with due consideration of competitors prices for similar products

Supply Chain Management – Oversees the material ordering process, procurement, storage, and intermittent review of general procurement processes. Management of day-to-day procurement, storage and ensure appropriate value for money

Ensure proper Transactions Documentation with adequate Control; Ensure proper capturing of all financial transactions in line with the regulatory requirements and internal policies

Identifying new business opportunity – Advise management on new opportunities, negotiating, and ensuring operation profitability up to the predetermined margin or mark up.

Reporting and Interpretating Financial Statements: Weekly, Monthly, Quarterly and Annual presentation of the company overall performance and the state of financial position. Supervise, monitor, and take responsibility for the financial statements, timely audit and ensuring treatment of External Auditors Observations

Fund Raising and Lenders Management; Liaising with the lending banks on proper management of the existing loans and advances and ensure best terms, timely restructuring, cheapest possible rate, and convenient repayment plans

Management of Taxes and Other Statutory Payments: Liaised with tax authorities (Federal Inland Revenue Service, State Inland Revenue Service, etc.) on Company Income Tax, Value Added Tax, Withholding Tax, PAYE, to ensure compliance, proper management and close of all pending tax related issues

Risk Management and Strategic Professional Financial and Non-Financial Advice: Periodically analysing the organization’s liabilities and investments; decided upon investment strategies based on cash and liquidity risks to ensure lasting positive financial performance.

Project Viability Analysis, Cost Computation and Price Determination; Prepared project viability appraisals to justify investment and regular monitoring of project progress with post-mortem analysis to confirm actual project performance against plans

Revenue Generation: Adequate support to Sales and CRM units towards revenue generation and optimal management of customers expectations

Treasury Management: Ensure proper management of funds, bridging funding gaps and strategic investment of idle funds to get optimal return on investment.

Oversight function on Sales Department – Ensure synergy in various functional departments of the organisation for the purpose of profitability and accountability. Support sale team for inflow generation and management of difficult subscribers.

First World Communities Ltd Real Estate Lagos, Nigeria Financial Controller 07/2017 – 07/2020

Key Responsibilities:

Budgetary Planning and Control: Participation in preparation of company’s annual business strategy in collaboration in with the leadership team. Preparation of annual budget financials and phasing of annual budget into months, departmental budget breakdown, budgetary control and explanation of variances.

Project Viability Analysis and Report: Preparation of project viability appraisal to justify investment, computation of cost of capital and recommendation of discounting techniques. Monitoring and reporting on DCP Construction activities. Collation and periodic review of development cost of project and computation of cost of sales of the available-for-sale property stock.

Fixed Assets Administration; Fixed asset accounting from acquisition to capitalization and disposal. Reporting additions, depreciation, and disposal of fixed asset. Coordination of the process of obtaining Acceptance certificate for capital expenditure. Periodic physical verification of fixed assets.

Stock Control: Accounting for company’s trading and non-trade stocks, ensure regular stock counts, assessment and evaluation of stock carrying levels to avoid stock out and periodic evaluation of stock provisions in the books.

Report Rendition: Preparation of monthly, quarterly, and annual business performance report for Executive Management and board meetings. Exercise of general oversight on Financial Accounting and Treasury management

Project Viability Analyses: Prepare project viability appraisals to justify investment and regular monitoring of project progress with post-mortem analysis to confirm actual project performance against plans.

Financial Policies and Processes; Constant review of the financial policies, processes and procedure with recommendation of workable improvement

Others: Authorization of booking of accounting entries into P&L and Balance sheet, constant review of management accounting process, implementation of internal and external auditors’ recommendation on management accounting function, supervision and training of subordinates. ILORI JACOB FUNMI MBA, ACA.

080******** adttce@r.postjobfree.com www.linkedin.com/in/ilorijacob Standard Flour Mills Ltd Manufacturing Lagos, Nigeria Financial Controller 03/2014 – 06/2017

Develop, implement, and ensure compliance with internal financial and accounting policies and procedures

Annual, quarterly, and monthly budget, budgetary control and variance analysis

Material Costing, Product Costing and Transfer Pricing

Ensure preparation of timely and accurate financial statements and reports that are appropriate for the management in accordance with International Financial Reporting Standard

Review and report on monthly and annual Joint Venture Account

Monitor financial performance by measuring and analysing result and initiating corrective actions

Ensure adequate controls are in place and that substantial documentation is approved and available for such that all purchases and sales will pass independent and statutory audit

Liaising with tax authorities at all levels (Federal Inland Revenue Service, State Inland Revenue Service, and Local Government) on Value Added Tax, Withholding Tax, PAYE, Company Income Tax, Land Use Charge e.t.c.

Ensure preparation of annual statutory accounts (Statement of Comprehensive Income, Statement of Financial Position, Statement of Change in Equity and Statement of Cash flow

Develop and maintain financial accounting systems for cash management, account payables, account receivables, credit control and petty cash

Establish finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, and customer-service strategies

Intercompany reconciliation

Oversee the operations of the accounting department including the design of an organizational structure adequate for achieving the department’s goal and corporate objectives of the company.

Directed corporate decision-making and planning by developing. Implementing and monitoring policies to optimize fiscal performance.

Financial/Management Accountant 06/2013 – 02/2014

Monthly Management Accounts Reporting

Preparation of company Annual budget and monthly budgetary control report and variance analysis

Preparation of products and process costing report including production and manufacturing accounting

Supervision and taking accurate record of monthly stock take exercise

Liaising with the Credit Control Department and Loading Bay to ascertain accurate figures of un-dispatched finished product

Ensures regular and monthly reconciliation of Customers account, bank transaction and other sensitive ledgers

Inspection and supervision of diesel and wheat usage, documentation and reporting

Updating and analyzing Fixed Asset Register and creation of Fixed Assets File

Prepare Final Accounts and all relevant schedules to the Accounts

Regular review of Debtors, Creditors and Other Accounts payables and receivables ILORI JACOB FUNMI MBA, ACA.

080******** adttce@r.postjobfree.com www.linkedin.com/in/ilorijacob Servetek Engineering Company Ltd Construction & Telecommunication Lagos, Nigeria Project Accountant – Key Achievement

05/2008 – 06/2013

Efficiently managed the financial aspect of over 8 projects with combine worth of N15b in four states.

Successfully processed the importation and clearing of $12.5m (N2b) worth of construction equipment.

Set up Accounts department in the regions and successfully managed the department with 7 staff for 2 years.

Actively participated in the implementation of two Enterprise Resource Planning (ERP) projects which strengthened company performance and competitive position.

Restructured and improved accounting and supply chain department to improve productivity. Boosted profit by 10% annually.

Successfully recovered N650 million debt owed to the company from 2 state government.

Seamlessly resolved tax issues in 3 states and FCT on behalf of the company on short schedules.

Awarded best management staff for two years consecutively. EDUCATION & PROFESSIONAL LICENCES

MBA (Accounting) – Joseph Ayodele Babalola University, Ikeji, Nigeria – 2021 HND (Accounting: Distinction) – Federal Polytechnic, Ilaro, Nigeria. – 2007 OND (Financial Studies) – Osun State Polytechnic, Iree, Nigeria. – 1998 Associate Chartered Accountant (ACA): Institute of Chartered Accountants of Nigeria (ICAN) - 2012 PROFESSIONAL TRAINING COURSES

Emotional Intelligence for Business Executives– Tantalum Edusquares - 2022 The Game of Management – Tantalum Edusquares - 2021 IFRS Training: Baker Tilly Nigeria – 2014

Use of Accounting Packages: A.J. Silicon – 2013

Computer Fundamentals: A.J. Silicon – 2013

Effective Communication Skill: Psyntech Technology – 2012 Strategic Warehousing and Store Management: TOM Associates – 2012 Project Management: British Institute of Project Management – 2011 Who Moved My Cheese – Gaining Change Skills: Profiliant Consulting Limited – 2009 REFEREES

NOTE: Referees will be made available upon request.

Contact this candidate