Financial Reporting Analysis

Chidinma Onukogu, ACA, MSc

A: Ontario E: ********.*******@*****.*** W: Linkedin Permanent Resident of Canada

Bookkeeper, with over 7 years of expertise in technical accounting, bookkeeping, payroll function including financial reporting, financial analysis, BIG4 consulting, preparation of tax returns, and strategy, fintech operations, audits, fraud and compliance, AR/AP and a sound knowledge of GAAP/IFRS. An accomplished Chartered Financial Accountant that curated from scratch the entire bookkeeping function for Ravenpay Limited (a fintech startup).

CORE COMPETENCIES

• Bookkeeping, Financial Reporting and Accounting: QuickBooks, Netsuite, IFRS, GAAP, Sage, Excel (Advanced).

• Payroll Computation: Ceridian Dayforce, Payworks

• Financial Analysis, Budgeting and Forecasting: Excel (Advanced), Xero, Power BI, SAP.

• Tax, Int.Tax, Audit Procedures: TurboTax, TP Catalyst, Moody's RiscCalc, AuditFile, GST, HST, PST, EHT Reports.

• Internal Controls and Risk Management: SAP, Trello, Bugiss, PESTEL, SWOT.

• Technical Skills: Financial statement analysis, financial modeling and valuation, fundraising, stakeholder management, financial strategy, fraud detection and prevention, canadian tax laws, understanding of B2B/B2C/Saas financial payments.

• Soft Skills: Leadership, excellent written and verbal communication, critical thinking, strategy, collaboration, teamwork, goal oriented, problem solving, project management.

EDUCATION & CERTIFICATION

MSc in Finance - Distinction University of Lagos, Nigeria 2022

MSc in Int. Development - Distinction University of Portsmouth, United Kingdom 2021

BSc in Economics - 2.1 University of Port Harcourt, Nigeria 2016

Diploma in Development Economics London School of Economics and Political Science 2021

Chartered Institute of Taxation of Nigeria (CITN). Member

Institute of Chartered Accountants of Nigeria (ACA – CPA Equivalent). Member

Association of Accounting Technicians of West Africa (AAT). Member

PROFESSIONAL EXPERIENCE

Bookkeeper/General Accountant, Ravenpay Limited, USA June 2021 - Present

Ravenpay limited is a licensed fintech that is building local and international payment infrastructure globally.

• Accounting and Bookkeeping: Implemented the use of Quickbooks/Sage in the reposting of 3 years worth of bookkeeping and accounting records, resulting in 98% more accuracy of management accounts - day-to-day accounting (Accounts Payable, Accounts Receivables, Invoicing, GL reconciliation, Payroll)

• Financial Analysis and Reporting: Proving critical financial insight on the the companys’ key performing products/services, key revenue and cost drivers for decision making.

• Payroll: Oversee payroll processing, tax compliance, and benefits administration. Ensure accuracy, timely disbursement, and adherence to regulations. Manage audits, reporting, reconciliations, and system optimizations while leading payroll teams efficiently.

• Internal Control and Risk Management: Established relevant SOP’s and chains of commands necessary to ensure proper checks and balances and risk management using Bugiss.

• Tax Compliance: Implemented the tax savings and compliance strategy across 4 major business lines, driving a tax savings of upto 50% in staff tax and 20% in CIT.

• Audit Regulatory Compliance: Worked with auditors to produce IFRS compliant annual returns for 2 years using AuditFile.

• Budgeting, Revenue and Cost Analysis: Analysed company and customer data to generate revenue and cost projections, improving data availability for sound decision making by 40%.

• Settlement and Reconciliation: Introduced and structured the ERP system for settlements and reconciliation leadingfor 90% minimization of fund loss/leakages and prompt settlement of collections.

• Fraud Detection and Prevention: Developed a tool for fraud detection (Ragnar), chargeback complaints/resolution, including escalation of criminal related activities to relevant external authorities which detected 70% of suspicious activities and resulted in timely fraud prevention.

• Stakeholder Communication: Built partnership with 5+ merchants and service providers, driving a 35% increase in revenue and a 50% decrease in collection cost.

Finance Semi-Senior, KPMG . Tax, Regulatory & People Service Apr 2018 – May 2021

KPMG is a global network of professional firms providing Audit, Tax and Advisory services.

• Tax Review and Filing: Reviewed files, records and other documents supporting documents provided by clients based on the related party transactions to ascertain the transfer pricing method to be applied. Prepared and reviewed transfer pricing returns for filing with the relevant tax authority.

• Compliance Documentation: Assisted clients in preparing annual transfer pricing policies and transfer pricing compliance documentation.

• Risk Analysis: Reviewed related party transactions disclosed in the financial statements and identify potential controlled transactions as well as potential transfer pricing risk exposure.

• Internal Control: Performed review of service level agreements for controlled transactions in other to identify functions performed, assets used and risks assumed.

• Financial analysis and Reporting: Prepared detailed group and company analysis and industry analysis/research for companies in various industries and identify trends, key success factors, and challenges facing each industry.

• Benchmarking Analysis: Performed detailed benchmark analysis with the use of various tools such as TP catalyst, Moody's RiscCalc RoyaltyStat etc.

• Tax Audits: Conducted fieldwork for TP audits and collaborated in cross-functional teams during the audit of top multinational and multi-billion Naira revenue generating companies with transactions including, loan transactions, procurement transactions, royalty payments on intangibles and intra-group support services.

• Tax Advisory: Advised clients on the potential transfer pricing risk exposure and action steps to mitigate future exposure.

Financial Analyst, AA Rescue Nigeria. Finance and Accounts May 2017 – Mar. 2018 AA Rescue is a car rescue and equipment haulage company.

• Data Entry: Prepare, analyze and record various monthly journal entries. Code documents that require knowledge in determining proper classification of expenditure codes and accounting codes, support accounts receivable: process daily invoices/credit, apply cash receipt, and help with collection of past due balance.

• Bookkeeping: Used Sage and Quickbooks to produce monthly invoices, petty cash floats, reports and other deliverables day-to-day accounting (Accounts Payable, Accounts Receivables, Invoicing, GL reconciliation, Payroll).

• Reconciliation: G/L account reconciliation and month-end closing, and other general accounting projects, assist with analysis, budgeting, and reporting

• AR/AP: Reconcile discrepancies by examining possible sources of disagreement, recreating likely actions, and identifying the effect on other accounts; prepare correction documents as needed, support accounts payable: vendor invoices and disbursement filing, A/P invoice matching & filing.

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