Strategic Financial Management
Resume:
Dr. moses Akpan
************@*****.***
CERTIFICATES
Associate of the
Institute of Chartered
Accountants (ACA)
May 2018
ASSOCIATIONS
Institute of Chartered
Accountants of
Nigeria (ICAN)
Advisory
LANGUAGES
English
Spoken: Native • Written: Native
I NTRO
A proactive Chartered Accountant with over 18 years of industry experience, with strong practical knowledge of international financial reporting and strategic financial management, budgeting & budgetary control, ratios analyses, auditing, corporate tax planning, public sector accounting reporting, business development that cut across different industries like construction and engineering, manufacturing, oil and gas, consultancy services aligning with IFRS and IPSAS requirements for both private and public sectors. I am time conscious, result- oriented, team lead, loyal, committed, accurate, numerate and analytical with a strong drive for accountability, honesty, integrity, interpersonal relationship and sound oral and written communication skills, among others.
WORK EXPERIENCE
Head of Finance and Accounts Department reporting to the Chief Executive Officer (CEO)
• Member, Finance Management Committee
* Leading the finance team
* Developing and planning of annual investment strategies
* Managing the financial health of the company
* Advising the Board and the CEO on strategic financial decisions
• Supervising, coordinating, assigning and monitoring duties on daily basis
• Designing strategic financial documents for proper disbursement of funds
• Developing Charts of Accounts for proper financial Reporting and effective documentation of financial records
• Supervising the preparation of monthly Payroll and ensuring correct variations are done
• Writing financial memos and signing on behalf of the CEO, including reconciled Financial Statements for the purpose of easy understanding by the Board and CEO
• Designed loans and salary advance disbursement forms
• Handling Exchange Rate differentials arising from clients' training contracts
• Preparing and keeping of up to-date financial records to ensure effective and efficient monitoring of assets and investment with the financial institutions
• Preparing 6- year budget forecast and monitored implementation
• Preparing monthly budget performance reports
• Preparing monthly Profit and Loss Accounts (Statement of Financial Performance) to assess the financial position of the company before salary was paid
• Preparing 5-year financial and sales forecast for subsidiaries companies - Alawood Investment and Assets Management Company Ltd. and Diamond Bridge Nigeria Limited
• Preparing Quarterly Business Review (QBR), monthly Cash Flows and SOP
• supervising the preparation of annual budget and ensuring its implementations
* Supervising the preparation of monthly bank reconciliation statements, Cash/Bank Book, Ledger, Trial Balance for External Auditors
• Worked with External Auditors to ensure that Accounts of the companies that were in arrears were audited and Management Letters responded to accordingly (Achievement) filing of audited financial statements with the FIRS and other relevant regulatory authorities
• Deducting and remitting PAYE, VAT, WHT, CITN, Pension monthly to the relevant agencies of government
Group Chief Financial Officer
Alpha Stars Paints Industries Limited, Port Harcourt, Nigeria • May 2019 – Present
• Participating in Weekly presentation of financial reports and achievements
• Encouraging investment of fund in interest-yielding assets
• Assisting in searching for credible vendors for the company products
• Supervising Diamond Bridge and Alawood companies' Accounts Department to ensure accurate financial reporting
• Worked as temporary Internal Auditor when the Unit was not created
• Ensuring compliance with all relevant tax laws and internal regulations of the company
• Supported the marketing department of the company in advertising the company's product
* Conduct financial modeling and cost analysis to optimize resource allocation and improve operational efficiency.
* Collaborate with cross-functional teams to assess performance of each section
* Carry out financial analysis using key financial ratios for the purpose of disclosure on the audited financial statements
* Ensuring that the company is liquid and financially sound to meet its sets goals and objectives
* Coordinating department by department budget presentation and monthly financial performance reports
* managing and controlling the company's capital expenditure to ensure efficiency, effectiveness and value for money in fund allocation
* Monitoring suppliers to ensure that quality and the right quantities of products and supplied to the company
* Promoting monthly performance reporting
* supervised, monitor, coordinated and directed staff on daily duties in the company
* Member, Finance Management Council
• Advised the Board on the best financing decisions to take at a particular time
• Managed the company’s financial plans and portfolios
• Engaged in new business development
• Trained new staff on basic accounting reporting
• Handled accounts relating to the company’s cooperate social responsibilities (CSR) programmes
• Developed charts of accounts for proper financial reporting
• Developed financial management policies and strategies to achieving policies for the companies
• Ensured that business development and profitability reports were submitted to the Director monthly
• Supervised all financial activities in the company
• Ensured the company complies with statutory rules and regulations
• Investment of excess fund in the financial instruments and viable commercial banks
• Prepared monthly cash flow for management decision making
• Analyze the company's financial strength, opportunity, weaknesses and threat for corrective decisions
• Directed the preparation of monthly Payroll to ensure salaries were paid as approved
• Directed the monthly pension, PAYE, VAT, WHT, PAYE, CIT Stamp duty etc computations, deduction and remittances
• Managed treasury to ensure liquidity and financial stability of the company
• Handled accounts receivables and accounts payables Head of Finance and Accounts
Nsik Engineering Company Limited, Uyo, Akwa Ibom State, Nigeria • Dec 2013 – Mar 2019
• Advised on the insurance of company properties
• Prepared annual budget and monitors implementation and control cost
• Monitored exchange rates on importation of machinery
• Monitored the internal control system to curtail wastages and ensures compliance
• Ensured that cash book, journals, ledger, trial balance, statement of financial positions, statement of financial performance, cash flow statement, depreciation schedules and notes to the accounts were prepared for external auditors to express opinions
• Prepared accounts to align with IFRS and GAAP requirements
• Worked with the external auditors to get the accounts audited annually and responded to the external auditors’ management letters as and when due.
• Ensured that Management and Board decisions and resolutions were carried out promptly
• perform administrative duties
* Ensured proper filing of audited accounts with FIRS and the State internal Revenue service
* Head of Financial Statements and External Audit (Final Accounts) Section - World Bank Sponsored Project
* Prepared monthly cash flow reports
* worked under Director of Finance and Accounts
* supervised and coordinated all financial activities of the Section
* Complied with the institution's policies and donor's directive on fund utilization and reporting formats
* monitored the internal control and provided financial information to the external and internal auditors
* prepared annual budget forecast and ensured its implementation based on the approval given by the Donor
* provided leadership by leading in major presentation during business review
* liaised with commercial banks for investment of funds to earn interest especially, funds not immediately used
* handled all tax related issues like PAYE, WHT, VAT on purchase of some products
* handled payroll to ensure the casual staff employed were paid as at when due
* prepared financial statements e.g cashbook, ledger, trial balance, statement of financial position, statement of financial performance, cash flow, statement of changes in equity, assets schedules, notes to the financial statements.
* got the financial statements audited by the external auditors
* responded to the external auditors’ management letters on the financial statements,
* wrote financial and annual appraisal reports for and on behave of the Director and the institution for onward review by the donor, among other duties Head Payroll, Federal University of Agriculture, Abeokuta, Nigeria
• Supervised and coordinated works in the Payroll
• Thoroughly reviewed the accounting information system to correct discrepancies in salaries
• Conducted monthly salary checks for correction of errors
• Prepared monthly payroll variation reports
• Prepared monthly salary reports and variations
• Supplied detailed tax information needed to submit accurate corporate returns
• Monitoring and controlled personnel cost expenses Chief Accountant
Federal University of Agriculture, Abeokuta, Ogun State, Nigeria • Nov 2010 – Nov 2013 Principal Accountant
Federal University of Agriculture, Abeokuta, Ogun State, Nigeria • Jun 2006 – Nov 2010
* Prepared annual budget and monthly budget performance reports, among other duties EDUCATION
PhD in Accounting with specialization in Management Accounting Reporting in the Production Industries
I studied MSc. Accounting with major in cost and management accounting practice in Nigeria manufacturing sector.
I studied Master of Business Administration (MBA) in accounting. The main research area was in Taxation and the development of Nigeria economy. I studied Accounting and I had Second Class Upper Division, I conducted study on impact of computer technology on accounting information system in Nigeria Banking Sector. PhD
University of Uyo, Nigeria • Feb 2017 – Jul 2023
M.Sc.
University of Lagos, Nigeria • Feb 2014 – Apr 2018 MBA
University of Uyo, Nigeria • Aug 2007 – Nov 2010
B.Sc.
University of Uyo, Nigeria • Sep 1998 – Jun 2004
SKILLS
Financial controlling Budgeting, financial planning Internal control Payroll Annual accounts Cash management (company) Compliance Auditing of accounts Financial analysis Budgeting, financial planning Office tools: Word, Excel, Outlook Reporting Payroll Compliance Annual accounts Auditing of accounts Cash management (company) General ledger Financial controlling Corporate finance Financial analysis Tax returns Payroll Reporting Cost tracking, analysis Compliance Bank management Analytics Annual accounts Auditing of accounts General ledger Budgeting, financial planning Year end reporting Corporate tax Forecasting Financial controlling Cash management (company)
HOBBIES
watching of movies, footballs, reading of news on line and nwes papers L I NKS
https://ng.linkedin.com/in/moses-akpan-38a944142
REFERENCES
Colleague • +234 080******** • *************@*****.*** Dr. Itoro Ikpantan • Head of Loans and Advances Department, University of Uyo, Nigeria
Dr. Nsikan John • Director of sustainable Development Department, Alaowood Investment and Assets Managment company Ltd. Port Harcourt Manager • +234 081******** • ************@*****.***
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