Supply Chain Finance Manager

*

Edafe Umukoro M.Sc, FCA, FDM

**** ***** **** *****, ***********, MD 20782 +1-202-***-****

**************@*****.***

EXECUTIVE SUMMARY

Professional Accountant and Business Executive with over twenty years’ experience in corporate planning and financial management, with strong marketing, audit and supply chain capabilities. I am a proven strategic thinker with experience in development of organization strategy. I have worked in four major Multi-National Companies – Coca Cola, Coca-Cola HBC, SC Johnson and Mondelez / Cadbury Plc, as well as anchored several project management initiative as Project Finance Lead Consultant in recent years. Am currently in the United States and a Green Card Holder, having worked in several geographies. I have demonstrated success in leading the development of Global processes and the design and implementation of financial system across multiple geographies. As the Finance lead person I report on broad strategic corporate planning business initiatives for West Africa, including acquisition projects in West and East Africa where SC Johnson bought over the Kiwi Brand Globally and integrated the Baygon Brand into their Nigerian and Ghana operations. I am proficient in Microsoft office applications and several accounting packages – MS Navision and JD Edwards. At several operational location I have demonstrated success in building successful internal partnerships with key executives that solve problems, advance strategic objectives and scale impact. I am a confident and capable public speaker with excellent written and verbal communication skills. Positions held: Divisional Finance Manager, Strategic Business Planning Analyst, Head of Internal Control Systems, Finance Director West Africa, Regional Category Controller (EEMEA) and Project Finance Director

SKILLS

My core strengths and competencies are in the areas of Corporate Business Planning, Change Management, Financial Reengineering, Stakeholder Engagement and Management, Team Collaboration, Policy Design and Implementation, Sales Forecasting and Budgeting, Compliance Management, Data Management and Analysis, Deal Negotiation and Closing, Proficient User of Micro Soft Office Packages and Cross Functional Business Partnering Operations. I am adept at managing strategic implementation of the finance components of Corporate Plans. CERTIFICATION & EDUCATION:

University of Lagos 1984 – 1988 B.Sc. Accounting

Institute of Chartered Accountants (NGN) 1992 ACA / Fellow

Lagos Business School (SMP Alumni) 2000 SMP15

University of Lagos 2010 – 2011 M.Sc. Marketing

Nigeria Institute of Marketers 2011 Executive Member 2

The Institute of Direct Marketing – Nigeria 2011 Fellow

Chartered Institute of Taxation – Nigeria 2011 ACTI SECTOR EXPERIENCE

Coca Cola: FMCG (13 Years 1993 - 2005). Corporate Turnover Circa

+$450m Year on Year. Senior Roles:

o 1/ Divisional Finance Manager (East-West Division – 65% Contribution on Net Sales), 9 Factories, Head Count Per Factory Circa 18, with 9 Direct Reports and 1 Corporate Analyst; o 2/ Strategic Business Planning Analyst – Coca Cola Group Office CCHBC Athens-Greece (Group Capex Investment and Corporate Analytics);

o 3/ Head of Internal Control System – 15 Factories

Finance Director West Africa 4 years and Acting GM / Acquisition Lead 2 years (KIWI/BAYGON). SC Johnson: FMCG (6 Years 2006 – 2011). Corporate Turnover Circa $69m with 8 Direct Reports from Nigeria, Ghana and Kenya

Category Controller – Cocoa Beverages (EEMEA Region) Mondelez/Cadbury: FMCG (4 years 2012 – 2016). Corporate Turnover Circa +240m USD

Finance Lead Raremax Construction Project (July 2016 to June 2020) – NAFDAC Housing Project N7.5Billion / $5Million.

Project Finance Director (October 2020 to Date) – Ages Independent Power Plant Ltd – Gas Plant Construction Consulting Initiatives in the Niger Delta Region with soft diversification into Power Generation INNOVATION / KEY INITIATIVE

Coca Cola Nigeria and CCHBC Group Office Athens: o I won several awards in my 13 years career in Coca Cola both at Plant, Corporate, and Group Office level. One key achievement was in 1999 when I headed the Restructuring Team to Coca Cola – Kaduna Plant (3rd largest factory in 1999). I led and championed a new cross functional restructuring team to revamp the Plant, manage huge capital investment projects, rebuild all Finance Accounting Process from a Process Re- engineering perspective, reconcile the books and align same with Global 3

Best Practice and Standard Operating Procedures and also be part of the investigation team carrying out a forensic audit support with Price Waterhouse Coppers (PwC Audit Firm). This was a major project under my leadership, and it was successfully executed with sustainable results. The outcome warranted my promotion from a Senior Finance Manager

(FM1) to Divisional Finance Manager overseeing 9 Factories in year 2000 and in 2002 as Strategic Business Planning Analyst in Coca Cola HBC Group Office Athens.

o I championed the Process System Re-Design and Finance Balance Score Card Design – Coca Cola Nigeria:

SC Johnson West / East Africa

o Procurement Category Growth Strategy and Alternate Sourcing Option: In SC Johnson, domestic production of Air Care Product collapsed in Nigeria and West African Market because local petrochemical refinery could not produce the spec of Liquefied Gas required. This diluted Corporate Revenue by over 35%, with huge loss in Market Share due to product discontinuity. Consequently, as Finance Lead, I was able to integrate our Ghana and Nigeria subsidiaries with a new Regional Import Plan that aided optimal regional product supply and turnover growth.

IMPACT 1/ Full Market Recovery, 2/ Cheaper and enhanced quality product with more variant and product assortment. 3/ we exceeded Revenue Target by 15% in 2009 for Air-Care sub product category and grew profitably in the category and 4/ added four basis points on Market Share. Finance also coordinated effectively all intercompany receivables and optimal payments across all locations with Nil Fx Exposure o Major Acquisition Projects:

I led the acquisition projects of two global brands acquired by SC Johnson (KIWI and BAYGON) and integrated both into the Domestic Market and Regional Markets of West and East Africa, successfully

All management synergy reports and business scenario reports that influenced strategic decisions were generated by Finance under my leadership. Key output of my work was used in the last Extra Ordinary General Meeting (EGM) that led to huge equity dilution of the Minority Share Holders in a “Buy-Out” plan that improved SC Johnson Majority Shares from 53.8% to 74.3% in 4

2011. The synergic effect of the combined business witnessed growth index improvement from an average CARG rate of 8% in the prior 5 years to a growth index of 105% in Turnover, and 130% in Profits in the first full year of operation representing great value addition for all stakeholder.

Mondelez/Cadbury: FMCG (4 years 2012 – 2016).

o As a Top Tier Finance Business Partner to Integrated Supply Chain in Cadbury /Mondelez, I led the project converting National Grain Storage from Corporate Owned Inventory to Outsourced Vendor Managed Inventory (VMI Model). With the successful execution of this initiative, all Working Capital Indices improved significantly: Days Inventory on Hand (DIOH) dropped from 64 days to 25 days (representing 39 basis point improvement).

o Initiated and executed the Corporate Productivity Project which impacted Cash flow significantly, improving Investible Cash Threshold by +$4.3m. Consequently, Cash Conversion Cycle improved by well over +50%. Operating liquidity, Fixed Deposit Income, and Closing Cash Reserve versus prior year (2013 versus 2012) and versus Annual Operating Plan indices.

Ages Independent Power Plant Ltd:

o Initiating and championing all strategic financial interface process both with Foreign Technical Partners and supporting International Treasury Funding Entities.

o Monitoring all Project Mile-Stones and generating executive accountability indices as input for all Steering Committee Quarterly Management Reporting and Senior Management Meetings o All Project Financials – Cash Flow, Budgeting, Management Reporting, Financial Reporting, Post Evaluation Audits and Process and Operational Controls

o IMPACT:

Strategic outputs from my office aided significantly all regulatory approvals so far obtained and fast tracked all senior management decision making process

Input from the Project Finance Team aided management engagement of bigger strategic business partner(s): VFuels Oil and Gas Engineering US based OEM for Gas Plant fabrication and 5

Serendipity Engineering and Investment being Equity / Debt Funder based in the UK

AWARDS

Best Finance Manager Award for three consecutive years – 1997, 1998 and 1999 (Coca Cola Award – Nigerian Bottling Company)

Best Internal Audit Rating top 3 plants out of 16 plants REFEREES:

o SUNDAY OGHENEBHOBHARE EDEGBO (ENGR.)

o Chief Executive Officer / MD

o Ages Independent Power Plant Ltd

o KM3 East – West Road, Okuokoko, Near Warri,

o Warri, Delta

o Mobile: +234 816-***-****

o Email: ****@*******.*** ; *********@*****.***

o MICHAEL OSSAI ESSU

o Country Manager

o SC Johnson Nigeria

o 13/14 Abimbola Street, Isolo Industrial Area

o Isolo – Lagos, Nigeria

o Mobile: +234 817-***-**** / Email: *****@***.*** o OYEYIMIKA ADEBOYE

o Managing Director

o Cadbury (Mondelez Group) West Africa

o Lateef Jakande Road, Agidingbi,

o Lagos – Nigeria

o Mobile: +234 802-***-**** / Email: ******.*******@****.***

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