Olufemi Emmanuel Olutokun MBA, BSc, HND, NCE, ACA, ACTI, ACCM, CRISC
Tel (Mobile/WhatsApp): +971*********
E-mail: ****************@*****.***
Address: Dubai, UAE
Visa Status: Residence
ID No: 128751550
Date of Expiry: 26.04.2025
Relocation/Commuting: Yes
PROFILE: A healthy and energetic middle-aged man. Detail-oriented Accountant able to work with minimal supervision, Offering a strong attention to accuracy and excellent analytical skills. Reliable, effective team player with a " can do" spirit and stand to face all job challenges. A great organizer of human and material resources, equipped with outstanding oral, written communication skills for optimal engagement. A Resourceful, Result- oriented, Innovative individual with ability to function well in fast-paced and deadline-driven environment. CARRIER OBJECTIVE: To be a world-class Finance Expert, Analyst, Accountant, Auditor & Finance Ops Manager, deploying acquired professional skills, competencies and experience to the advantage of stakeholders, in other to achieve their financial/business objectives of wealth/value creation in no small measure using cutting-edge Finance & Accounting skills, while making fast career progress in a rapidly growing and developing organization. EDUCATION: QUALIFICATIONS:
Imo State University (IMSU), Owerri Bachelor of Science (Accounting)-(BSc) Obafemi Awolowo University, Ile-Ife Master In Business Administration-(MBA) Moshood Abiola Polytechnic, Abeokuta, Ogun state Higher National Diploma (Accounting)-(HND) Federal College of Education, Abeokuta, Ogun state Nigerian Certificate of Education-(NCE) St. Peter’s College, Oomori, Abeokuta, Ogun state General Certificate of Education-(GCE) Chartered Institute of Accountant of Nig. (Prof) Associate Chartered Accountant-(ACA) Chartered Institute of Accountant of Nig. (ATS) Associate Accounting Technician-(AAT) Associate Chartered Institute of Taxation Associate Chartered Institute of Taxation-(ACIT) RECENT ENGAGEMENT ACHIEVEMENTS (UAE):
Set-up of full-fledge Accounting System for TAC – TechAccess Cloud Trading Co. LLC on QuickBook Online
Preparation of Financials & Coordinating with Auditor to finalize DSGS Audit exercise for 2020, 2021 & 2022 and Successful Acquisition Accounting of DSGS by Triangle General Trading, I&E DWC
Preparation of Financials & Full Statutory Audit of the following clients: Eventica Communications DWC- LLC, Yr - 2020 Bee Enterprise DMCC, Yr - 2020 Flight Mojo LLC, Yr - 2020 Europhia Consulting DWC-LLC,Yr - 2019 & 2020 Vegberry Group, Yr - 2020 TSC Auto ID Technology ME Ltd, FZE, Yr-2019 & 2020 PREVIOUS ENGAGEMENT ACHIEVEMENTS (Home Country):
Efficient management of the company's finance operations that earned zero audit deficiency reports for more than five years
Designed and implemented a new Finance & Admin Structure for FirstAcademy
Designed & implemented an efficient vendor payment system that eliminated end of year accruals and provisions on AP/AR
Reduced vendor payment TAT to 10 (ten) days from average payment period of 180 days
Prepared & monitored an efficient operating budget/plan (OPEX, CAPEX, Special) for various client’s projects
Developed a vendor settlement system that optimize vendor pricing and create value for our clients
Deployed an investment spent strategy that resulted in huge savings of AED 8 million of agency expenditure using FPA skills
Build and implemented a controlled financial system proof of leakages
Achieve consistent Zero budget negative variances across various expense heads A. UNITED ARAB EMIRATES EXPERIENCES WITH DATES:
1. TECHACCESS CLOUD TRADING CO. LLC (Sub of TA Asia): Account/Finance/RACC. Mar, 2024 till Date Office 703E, at the Ibn Battuta Gate Offices, Ibn Battuta, Jabal Ali First Str Dubai, UAE RESPONSIBILITIES:
RACC (Risk, Audit, Control & Compliance) system development and set up.
Products/Services Costing and Pricing as MEPD – Middle East Pricing Desk Mgr.
Full management of the accounting function from set-up to finalization.
Corporate Cash flow management, including AR/AP administration
VAT & Corporate tax management for TAC
Produce accurate & timely financial reports both for internal use and for final audit
Provide support to internal, external auditors and consultants for seamless engagement 2. Tryangel F&F, Manufacturing LLC (Formerly: DSGS FZco): Accountant/Finance Mgr. Jan2022 – Feb, 2024 Dubai Industrial City, Phase 2 Block E-WH2-01T & WH2-01T-SH, Plot#:532-8359, Dubai, UAE RESPONSIBILITIES:
Financial Planning & Analysis of products and markets segment for strategic commercial decisions
Budget and forecast preparation as well as variance analysis for effective budget and expenditure control
Supporting commercial unit with Financial KPIs that will optimize profitability for the company, by using CMR, POM and other techniques
Overall Finance, Accounting & Tax functions as well as periodic reporting
Double as head of Accounting Department & BDM (Nigeria Market & West Africa)
Overall responsibility for all regulatory compliance with all relevant statutory authorities
Collaborating with CEO and company’s Auditor and Tax Consultant on strategic financial matters 3. CAPEX Hassan Auditing (UAE): Audit/Tax/Account Mgt Consultant: May – December, 2021 Best Independent Audit firm (UAE) Award winner 2020 RESPONSIBILITIES:
Review, Design and Implement Accounting System based on client’s specification & industry
Conducting Monthly Inventory for Audit of Car 24 LLC
Collection and preparation of client’s financial data and processing of same for clients
Posting of client’s financial data into the accounting system for processing and generation of FS & reports
Review of client’s banking transactions (Bank Statement) and reconciling same with client’s books
Review and balancing of client’s internal accounts such as Cash Advance, Petty Cash, Account Receivables, Account Payable, Credit card/POS Account and other sundry accounts
Performance of daily, monthly, quarterly and end of year processing and reporting on client’s financials
Build and implement effective/efficient internal control system based on the outcome of client’s risk assessment procedure carried out by Capex
Assist client with tax (VAT) reports and filling of same with the FTA
Review and Management of client’s Assets Accounting system (Depreciation, Amortization, Valuation)
Reconciliations of client’s books to ensure assurance on and the integrity of the financial statements B. INFORMATION COMMUNICATION & TECHNOLOGY - ICT: (GH, Corporate Services & CFO) 2, Seriki Aro Street, Off Ajao Road, Adeniyi Jones, Ikeja, Lagos Nigeria.
(*******@*********.***, ****@*********.***)
Company Name: TAG Logic Technology Limited June, 2012 to Dec. 2019 RESPONSIBILITIES: Ensure that periodic Financial Reports are prepared in line with IFRS/GAAP, reviewed and presented to the board. Ensure and approves all entries to be posted into the GL and all other subsidiary accounts
Review and approve all financial reports generated on a regular basis
Ensure proper management of company's assets from procurement, booking, classification, age analysis, movement monitoring, proper accounting, depreciation/impairment calculations etc.
Manages and ensure timely reconciliation of all receivables, payables and other assets in line with company's policy and IFRS.
Provide strategic financial information to management/board on expenditure, revenue and financing decisions.
Implement efficient cost control mechanism to manage the company's OPEX and CAPEX in line with the company's vision and strategy
Co-ordinates the activities of auditors and other regulators PREVIOUS WORKING EXPERIENCE WITH DATES:
C. BANKING EXPERIENCE: (Internal Control/ Banking Operations/ Audit) i. Equitorial Trust Bank/Now Sterling Bank Plc.
Adeola Odeku Street, V.I, Lagos (Resident Internal Control Officer) 2006 to May 2012 ii. Allstates Trust Bank Plc, Now ECO Bank Plc (ICO/RIC/ Inspector/Auditor) Oyinjolayemi Street, V.I, Lagos 2003 - 2006
iii. Lafenda Micro Finance Bank Limited (Accountant/Treasurer) 2001 - 2003 45, Lagos-Abeokuta Road, Lafenwa, Abeokuta, Ogun State RESPONSIBILITIES AS A PROFESSIONAL BANKER:
General Internal control functions in a financial Institution
Ensuring a sound Internal Control system of the bank
Ensuring compliance and adherence to all policies and procedures
Ensuring compliance to all bank’s policies (financial & otherwise)
Ensuring compliance to statutory regulation, policies & financial circulars
Ensuring that errors, irregularities & frauds are timely uncovered
General Internal Audit functions of the bank
Treasury management and control of vault cash holding limit
Supervision/ Rendition of CBN returns
Ensuring compliance to relevant SAS, SSAP & IFRS in the preparation of final accounts D. PROFESSIONAL AUDIT PRACTICE & CONSULTING:
Name: J.O Lawal & Co (Audit Firm)
1, Onikoko Road, Panseke, Abeokuta, Ogun State
Status: Audit trainee, Audit team leader 1999 to 2001 RESPONSIBILITIES:
Participation in Final Audit Assignment; Preparation of audit working papers
Performance of audit tests; Audit Reviews; Tax matters
Drafting of audit reports/Domestic reporting; Periodic review of internal control systems
Internal control system evaluation; Financial Consultancy assignments
Carrying out special investigation on the request of the client
Design and Implementation of full financial system
Formulation of internal financial policies in line with the industrial best practice
Formulation of internal Audit procedures and programs
Training and development of Account and Audit staff
Evaluation and appraisal of staff performance on the job been trained for
Any other special assignment by the client (Tax matters, Portfolio management)
Financial Advisory services to the client
ACCOUNTING SOFTWARES & OTHER TECHNICAL SKILLS:
Proficiency in Microsoft windows, Word, Excel, and Power Point Presentation
Proficiency in Tally ERP 9, QuickBooks, SAP, Peachtree, Finacle Core, Globus, Recent Banker, P-sale, Calbus
Ability to work without or limited supervision
Excellent human relations’ skill
INTEREST AND ACTIVITIES:
1. Reading 2. Teaching/Lecturing 3. Traveling