Finance Manager Senior Accountant

AHABUE, Frederick

***A, Agboola Adebayo Way, By Atinga Bus Stop, Jakande-Ajangbadi, Lagos.

Phone: 080********, 091********, 090********.

E-Mail: ***********@*****.***

Professional Summary

Adept individual with more than 10 years working as Manager for NGN100billion revenue-generating business.

Determined and experienced in mentoring and challenging team members to meet and exceed company goals.

Resourceful Manager offering history of success coordinating and monitoring operations across various departments.

Effective leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency.

Highly committed with hardworking mentality to maintain quality of services and products.

Experienced Head of Finance and Account with over 15 years of experience in Manufacturing industry.

Excellent reputation for resolving problems and improving customer satisfaction.

Insightful CFO/Finance Manager with experience directing and improving operations through effective employee motivational strategies and strong policy enforcement.

Proficient in best practices, market trends and regulatory requirements of industry operations.

Talented leader with analytical approach to business planning and day-to-day problem-solving.

Talented CFO with expert team leadership, planning and organizational skills built during successful career.

Smoothly equip employees to independently handle daily functions and meet customer needs.

Skills

*Strong verbal and Written Communication *Budgeting and Cost Control *Analytics and Interpretation

*Project Management *Time Management *Finance and Accounting Operations *Financial Reporting *Executive Presentation *Team Leadership *Business Planning *Lead Generation *Staff Management *Customer Relationship Management *Contract Development and Management *Budget & credit management *Systems development and Strategic planning *SAP, Navision, Tally9, Busy, ERP NeXT, Sage50 etc. Expert and Strong excellent MS Office Suite

Work History

Head, Finance and Account 05/2024 to current

Ringo Telecommunication Limited, Allen Avenue, Lagos State.

prepare and implement financial strategy, policies and procedures and financial controls framework of the company

Providing leadership, direction and management of the finance and accounting team

Providing strategic recommendations to the CEO/Chairman and members of the executive management team

Managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting

Advising on long-term business and financial planning

Establishing and developing relations with senior management and external partners and stakeholders

Reviewing all formal finance, HR and IT related procedures

Updated and reviewed financial reporting packages and managed financial reporting processes.

Maintain all banking relationships and initiate strategies to strengthen cash position.

Develop a reliable cash flow projection process and reporting mechanism that includes a

minimum cash threshold to meet operating needs

Provide strategic financial input and leadership on decision making issues affecting the organization

Supervise the management of Accounts Receivable, Accounts Payable, Payroll and vendor

relationships as necessary

Evaluate the finance division regularly and plan for continual improvement of the efficiency

and effectiveness of the group

Oversee the audit process and manage the relationship with external auditors and tax advisors

as required

Oversee timely completion of monthly general ledger management and accounting close,

e.g., accruals, deferred revenue, sub ledger reconciliation and other monthly closing

procedures.

Work with senior managers to efficiently develop budget proposals, provide access to project finance information, and ensure contract/grant compliance and reporting

Research revenue opportunities and economic trends, analyze internal operations, and identify areas for cost reduction and process enhancement

Perform risk management through analysis of company liabilities and investments, and evaluate and manage capital structure and fundraising initiatives

Oversee HR operations by coordinating with external service providers (ex: payroll, benefits, recruitment) and internal staff responsible for other aspects of HR

Monitor business performance with tracking tools, establish corrective measures as needed, and prepare detailed reports for earnings calls, management team, and rest of company

Manage finance personnel and oversee financial IT share systems, ensuring compliance with relevant regulatory entities (ex: FIRS, CAC, State Internal Revenue Services)

Completed year-end close processes through effective supervision financial functions and regular treasury transactions.

Finance Manager, 06/2021 to 01/2024

Eastern Metals Limited (EML) & Metwest Steel Limited (MSL) – Asaba, Delta State

Completed year-end close processes through effective supervision financial functions and regular treasury transactions.

Updated and reviewed financial reporting packages and managed financial reporting processes.

Overseeing projects relating to cash flow, financial reporting, and revenue and expenses

Assisting departments in creating and managing forecasts and budgets for various projects

Gathering and analyzing data to identify areas for improvement and/or develop solutions to keep projects on budget and on time

Controlled costs and optimized spending via restructuring of budgets for labour, capital assets, inventory purchasing and technology upgrades.

Expanded cross-functional organizational capacity by collaborating across departments on priorities, functions and common goals and to maximize team agility and performance

Prepared annual budgets with controls to prevent overages and track actual expenses against projected expenses.

Supervised labour costs and departmental expenses to remain in line with budget.

Evaluated suppliers to maintain cost controls and improve operations.

Monitored expenditures to mitigate risk of overages.

Reduced process bottlenecks by training and coaching employees on practices, procedures and performance strategies.

Developed and maintained relationships with customers and suppliers through account development and other statutory bodies.

Kept detailed records of daily progress to identify and correct areas needing improvement.

Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.

Created and distributed reports on internal and external finances, audits and budgets.

Boosted compliance rates 100% through contract audit procedure strategies.

Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.

Used SAP and NAVISION to prepare external audit documentation and financial reports to assist management in operational planning and key decision making.

Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing and sales tax (VAT) returns.

Introduced internal controls to monitor critical areas of financial control and devised appropriate corrective actions to address risks or deficiencies.

Managed payroll data entry and processing for over 550 employees to comply with predetermined company guidelines.

Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.

Managed budgets, assets, portfolios, accounts payable and receivable and general financial reporting procedures.

Enhanced quality and currency of financial information by overseeing revenue collection systems.

Followed up with delinquent accounts to obtain funds and reduce aging balances.

Accurately projected monthly cash expenditures through efficient budgeting and detailed document reviews.

Prepared balance sheets, cash flow reports and income statements.

Prepared and filed tax returns and generated monthly reports in compliance with regulatory and organizational standards.

Created and implemented internal control and policy for purchases, stores and logistics

Maintained accurate statutory fillings for the company including annual fillings vide TaxPro Max Maintained Transfer Pricing documentation and filings

Financial & Cost Controller, 07/2020 to 05/2021

Segilola Resources Operating Limited (Subsidiary of Thor Exploration Limited) – Ilesa, Osun State

Ensured complete, accurate and timely management of financial affairs (management Account reporting inclusive)

Manage yearly financial and inter-audits

Prepared focused monthly analysis to track progress of the company in relation to financial targets and goals

Maintained budget and capital spending reconciliation while driving purchase of over 5billion Naira in dairy processing plant and Equipment

Oversaw cash flow-controlled costs and financial matters

Developed and implemented cost and budget processes to ensure budget control and accurate forecasting

Assist in all Transfer Pricing documentation, assessment, filing and reporting

Liaise with the service provider for getting the Transfer Pricing review yearly within the time frame

Communicated financial reporting to shareholders

Ensure financial records are maintained in compliance with accepted policies and procedures

Work in tandem with General Manager on efficiency and profitability reporting across all departmental levels

Maintained reconciled inventory costing.

Ensure costing analysis in Ore Stockpiles and Gold in Circuit and ensured weekly, monthly, quarterly gross margin analysis by product.

Prepared WIP and FG inventory costing calculation using costing models.

Analyse cost accounting data and performs cycle count/physical inventories.

Monitor and maintain inventory costs integrity on a timely basis.

Prepare detailed account analysis and reconcile cost and inventory liability

Provide analytical and variance costing on all material areas of the accounts

Maintain internal control documentation and test internal controls.

Develop Internal control and departmental procedure

Liaise with company auditors on internal control testing and external audits

Develop and implement cost management plan, project controls plan, and risk management plan to evaluate project performance and recommend actions plan.

Support project manager in developing, reviewing and benchmarking of conceptual and baseline estimates and contract cost controls, as well as the compilation and co-ordination of strategic plan

Establish an effective work break down structure and cost coding structures and assigned schedule activities

Review contactor’s invoices for actual costing and tendering.

Perform overall project’s risk and variation management by analyzing, controlling and reporting thereof.

Enhance procedures on Asset Control along with annual CAPEX and OPEX budgets of the project.

Provide backup files for all signed off capex forms and capital invoices

Establish of a schedule Baseline and Cost Baseline for the project progress to be measured.

Compared actual costs to estimates and provided analyse variances and coordinates site budget and budgetary controls

Perform cost per tonne analysis with General Manager and Head of Finance and Accounts

Administered payroll for over 350 employees and oversaw corporate payroll reconciliation and tax activities

Handles all Tax matters and other statutory obligations

Senior Accountant and Taxation Manager/Chief Accountant, 12/2013 to 07/2020

Oriental Food Industry Limited – Ibadan, Oyo State

Drafted and reviewed financial statement compilations before being approved by Management.

Compiled financial reports pertaining to cash receipts, expenditures and profit and loss.

Worked with management at the project level to ensure expense plans are achieved.

Ensure that the Annual accounts and Statutory reports are prepared timely, accurately and in accordance with Standards and Regulations;

Maintained fixed asset module and calculate and record monthly depreciation expenses

Collected and reported monthly expense variances and explanations.

Performed periodic budgeting/modeling to project monthly cash requirements.

Provide accurate monthly P&L projections (including absorption, functional expenses, material variances, and efficiency variances) linked to the SOP process;

Worked with managers to develop annual expense plan goals.

Created presentation formats for monthly/quarterly reviews of expense charge-outs.

Established procedures for custody and control of assets, records, loan collateral and securities to ensure safekeeping.

Performed complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.

Prepared accurate financial statements at end of the month/quarter/year.

Reviewed collection reports to determine the status of collections and the amounts of outstanding balances.

Assisted management with the finalization of the annual expense plans.

Prepared written responses on tax return amendments to resolve state and federal notices.

Facilitated communication with the tax authorities on various applicable taxes; CIT, VAT, WHT, CGT etc.

Prepared tax returns, extensions, tax planning calculations and write-ups as well as Tax audit.

Responsible for month end accounts closing and finalization of monthly statutory accounts and reporting in the ERP-SAP for consolidation purposes with National Food Industries corporation group in Jeddah;

Oversaw daily financial functions, including accounting, payroll, and financial reporting.

Worked with executives to create annual budget and tracked actual expenses against projected expenses.

Supervise proper accounting for import transactions from (MF, LPO, inclusive) with a view to ensuring accurate landed Assets/Materials/Spares costing, as well as LC transactions

Analyzed authentic manufacturing costs and prepared monthly report to compare regular costs to actual output costs;

Administered raw material purchases, inventory, and labor; analyzed data obtained and recorded results. and communicate forecast and inventory measurements to management;

Control inventory levels by conducting physical counts; reconciling with data storage system.

Maintain physical condition of warehouse by planning and implementing new design layouts; inspecting equipment; issuing work orders for repair and requisitions for replacement

Maintain receiving, warehousing, and distribution operations by initiating, coordinating, and enforcing program, operational, and personnel policies and procedures and provide/maintained efficient and effective logistics systems

Sourcing for funds required for the company’s operations at optimum prices and lowest risk and managing relationships with Financial Institutions.

I was solely responsible for setting up the Finance and Accounting department, SAP R/3 ERP based, of Oriental Food Industry Limited

Manager (Finance/Account & MIS), 5/2011 to 11/2013

Aluminium Rolling Mills (Division of Tower Aluminium Nigeria Plc) – Sango Ota, Ogun State

Consolidated financial data and materials for key leadership meetings.

Led monthly meetings with the departmental head to analyze spending and provide financial recommendations.

Monitored and analyzed financial, statistical and operational data trends.

Developed, produced and analyzed financial statements.

Built and maintained databases for forecasting future financial performance.

Developed forecasting tools and dashboards to analyze revenue variance, business pipeline and industry trends.

Evaluated the organization's loan market and recommended improvements.

Budgeted active and proposed projects by accurately determining pricing, margins and risk factors.

Identified risks associated with projects, contract approvals and other client accounting issues.

Monitored organization's performance against competitors.

Reviewed and analyzed project spending throughout project life cycle.

Ran and analyzed monthly revenue risk reports for the executive team.

Responsible for the finalization of monthly statutory accounts and reporting in the ERP-SAP for consolidation purposes with Tower Group and COMCRAFT CATISA Group in the UK;

Provide Management information (MIS) of a financial nature and its interpretation for effective decision making to maximize return on business;

Monitor daily production consumption variance and reporting.

Analyses cost accounting data and assist with cycle count/physical inventories.

Senior Accountant/Internal Control/Inventory Accountant, 12/2007 to 5/2011

Sosaco Nigeria Limited – Gbagada, Lagos

Generated financial statements and facilitated account-closing procedures each month.

Analyzed monthly balance sheet accounts for corporate reporting.

Cooperated with engineering, manufacturing and corporate accounting to verify that quality standards were met.

Created periodic reports comparing budgeted costs to actual costs.

Reduced annual tax adjustments by through better financial control.

Computed taxes owed by applying prescribed rates, laws and regulations.

Maintained integrity of general ledger, including the chart of accounts.

Filed tax returns and prepared governmental reports in compliance with strict standards.

Responsible for and manages the purchasing of strategic raw and packing materials category, through identification of opportunities, execution of sourcing and purchase strategies, to achieve efficiency in the system.

Negotiate contracts, improve prices and terms of business, with suppliers utilizing procurement best practice tools and methods

Consistently monitor market trends to stay abreast of the factors impacting on demand and supply, to be able to forecast trends, and implement actions, that positively impacts the company’s position

Issue requests for quotes/Proposals (RFQ/RFP). Select the best source and raise relevant orders.

Monitor supplier’s performance and collate data for measurement, and generating feedback.

Ensure compliance to corporate business principles, policies and standards

Effectively manage the relationship between the company and the suppliers.

Perform supplier market/category/supply risk analysis to achieve performance targets for inventory holding, suppliers’ service level and productivity.

Led warehouse improvement initiatives to advance operational efficiencies.

Communicated audit results to upper management through written reports and oral presentations.

Gathered data for internal audits through interviews, financial research and downloads.

Analyzed and reviewed cost reports and communicated results to suppliers.

Articulated audit findings, risks and detailed recommendations to upper management.

Supported management through risk identification, control testing and process improvement procedures.

Supervised and coordinated projects for external auditors and examiner evaluations.

Reported internal control issues to management and supplied comprehensive recommendations to mitigate the associated risks.

Finalization of monthly statutory accounts and reporting in the ERP-TALLY 9.0 for consolidation purposes of CAL, SNL MP with Sosaco group and Watanmal Group Hong Kong.

Participate in Initiating and coordinating the formulation of the business plans and budgets and monitor progress towards their achievement.

Maintain internal control documentation and test internal controls

I participated in the setting up of accounting department, Tally 9.0 ERP, of Sosaco Nigeria Limited (Sosaco MP Sango Ota)

Accountant, 9/2005 to 12/2007

Bharat Ventures Limited – Ijesha, Lagos

Assistant Accountant, 9/1997 to 8/2005

Viking Container & Marine Services Limited – Apapa, Lagos

Education

University of Ado-Ekiti, Ekiti State.

MBA; Business Administration, 2002

PGD; Financial Management, 2000

Federal Polytechnic, Nekede Owerri, Imo State.

HND; Accounting, 1995

ND; Accounting, 1991

Professional membership/Certifications

Institute of Chartered Accountants of Nigeria (ICAN-FCA)

Phillips Consulting: Certificate in Effective Project Finance Management

Certified Institute of Purchasing and Supply Administrators of Nigeria (FCIPurS)

Certificate in Tax Implication of IFIRS: ICAN

Certified Management Accountant (CMA)

Personal Data

Date of Birth: 27 October 1973

Sex: Male

Marital Status: Married

State of Origin: Edo

Referee; On request

Contact this candidate