Financial Reporting Finance Manager

OLUBUKOLA TEMITOPE ASOYA

Ajah, Lagos State. +*** 803-***-**** **************@*****.***

https://www.linkedin.com/in/olubukola-temitope-asoya

Career Objective

To enhance the Organisation's success and long-term growth of the Organization by leveraging my extensive 15+ years of experience in Accounting and Finance. Seeking to apply my expertise in financial management, auditing, commercial operations, and taxation to ensure the punctual achievement of all established objectives and timelines. With my exceptional organizational, communication, leadership, and problem-solving skills, I aim to bring added value to the organization while maintaining a high level of commitment to any assigned tasks and responsibilities.

Core Competencies and Skills

●FCA/CFA with 15 years’ experience in the field of Commercial, Financial reporting, Taxation, Accounting & Finance with FMCG, Food and beverage, Transportation, Freight Forwarding, Automobile, Information Technology, Financial Advisory, Oil & Gas Servicing, graduated with merit in Accounting and Finance.

●Versed in spearheading corporate and strategic financial planning initiatives in Commercial Operations, Accounts, Finance, and Auditing & Taxation.

●Demonstrated budgeting, analytical, modelling and forecasting experience including attention to details.

●IFRS compliant and possesses strong data analytic skills with the expertise in financial modeling

●Good relationship management & negotiation skills in liaising with Banks, other financial institutions and various regulatory authorities and Experience managing global deals and cross-cultural teams.

●In-depth understanding of bookkeeping practices, thorough knowledge of accounting regulations and time management abilities

●Highly proficient in JD Edwards Oracle, SAP Microsoft Navision Dynamics (P2P) Enterprise Resource Planning Software Quickbooks, Peachtree Accounting, DackEasy, Tally, PowerPoint,and Database management programs

●Adept in creating documentation to accompany financial documents solving complex regulatory and financial issues and developing financial reporting policies and procedures.

●Specializes in preparing regulatory information creating detailed financial spreadsheets and presenting complex information to a management team.

●Effective oral and written communication skills, and human relation skills

●Demonstrated well- developed teamwork, analytical thinking, and problem solving skills

●Unique ability to approach a problem with out-of-the-box thinking through understanding the current business environment.

●Proven ability to listen attentively, solve problems quickly and efficiently, and create high-quality professional relationships with clients.

●Demonstrated the ability to complete tasks accurately despite interruptions and competing demands.

●Strong persuasion skill with the ability to negotiate and influence others at all levels

●Accurate with details and a demonstrated ability to handle a variety of tasks in an organized manner

●Strong interpersonal skills to effectively function in a team environment, as well as the ability to work independently

●Possesses in-depth knowledge of procedures and processes in a general business environment

●Highly Passionate, Energetic and result-oriented in service delivery.

Career Experience

Chief Executive Officer AVIANCE HOMES & PROPERTIES LTD Feb. 2020 – Present

Marina, Lagos State.

Duties and Achievements;;

Leadership and Vision: Provide strategic direction and leadership to achieve the company's mission and objectives.

Strategic Planning: Formulate, implement, and refine business strategies to capitalize on market opportunities and ensure long-term competitiveness.

Financial Management: Manage the financial health of the company, including budgeting, financial reporting, and risk management and Drive revenue growth and profitability through effective financial strategies.

Operational Oversight: Oversee day-to-day operations, ensuring efficiency, quality, and adherence to industry standards and Foster a culture of innovation, collaboration, and continuous improvement.

Stakeholder Relations: Cultivate and maintain relationships with key stakeholders, including clients, investors, and regulatory bodies and Represent the company in negotiations, partnerships, and public relations activities.

Team Leadership: Build and lead a high-performing executive team, providing mentorship and guidance and Foster a positive and inclusive organizational culture that aligns with the company's values.

Market Expansion: Identify and capitalize on growth opportunities, including new markets, partnerships, and service offerings and Stay abreast of industry trends and technological advancements to drive innovation.

Compliance and Ethics: Ensure the company operates in compliance with legal and ethical standards.

and Uphold a commitment to integrity and transparency throughout all levels of the organization.

Chief Group Finance Officer (KENYA & NIGERIA)

SIGNAL ALLIANCE TECHNOLOGY HOLDINGS Feb. 2020 – Oct,2023

Marina, Lagos State.

Duties and Achievements;;

●Financial Strategy: Develop and execute financial strategies to support the company's growth and profitability objectives in Kenya and Nigeria.

●Financial Planning: Lead the budgeting, forecasting, and financial planning processes, ensuring alignment with strategic goals.

●Financial Reporting: Prepare and present accurate and timely financial reports to senior management and stakeholders.

●Risk Management: Identify and mitigate financial risks, implementing robust controls and processes.

●Treasury Management: Oversee cash flow management, optimize working capital, and manage currency exposure.

●Compliance: Ensure compliance with all financial and tax regulations in Kenya and Nigeria.

●Team Leadership: Build and mentor a high-performing finance team, fostering a culture of continuous improvement.

●Mergers and Acquisitions: Provide financial leadership in potential mergers and acquisitions, due diligence, and integration processes.

●Stakeholder Engagement: Collaborate with external stakeholders, including auditors, bankers, and regulatory authorities.

●Effective prioritization of workloads and initiatives which deliver results in a timely and relevant manner

Commercial Financial Business Partner EAT N GO LIMITED

(A franchisee of Dominos Pizza international & Cold Stone Creamery ltd) July 2016 - Feb. 2020

Victoria Island, Lagos State.

Duties and Achievements;;

●Responsible for business unit P&L and ad hoc margin & Profitability analysis.

●Managed Customer Level Pricing and Trade Spend and Promotional programs – Accountable for managing against budget.

●Prepared Week/Month/Quarter/Year End Commercial Finance reports.

●Evaluated effectiveness of pricing strategies and modifies pricing structures as needed to align to brands and corporate strategy.

●Build strong relationships with the Sales and Marketing teams to drive the successful implementation of identified optimization opportunities.

●Analyzed new contract requests for alignment with pricing strategies and account growth objectives.

●Performed price change impact analysis, including profitability assessments and Daily sales monitoring & analysis, determine funding needs.

●Continually evaluate competitors and company's position relative to the marketplace.

●Developed an understanding of food manufacturing and distribution costs.

●Independently led and drove various special projects to improve gross profit and competitive position in the marketplace.

●Worked with the operation team, monitor supplier/client funding and Strategic new product development.

●Engaged with the Business Owners and operational teams, to drive robust financial decision making supporting the long-term strategy of the business

●Developed and maintained Finance and Non-Finance KPIs to drive operational performance

●Supported the month end process, reviewing outputs and delivering commentaries, which provide insight into business performance.

●Managed the mid-term planning process for the business owner and drive the development of local operational plans to support the financial expectations. Ensure that the business is accountable for the plans.

●Maintained rolling forecasts supported by immediate threats and opportunities. Use these to support the month end close

●Worked with the Business owners on long term threats and opportunities, providing insight to influence decision making

●Effective prioritization of workloads and initiatives which deliver results in a timely and relevant manner

Group Head, Finance and Accounts ENTERPRISE TRANSPORT & LOGISTICS GROUP Aug. 2015 - June 2016

Ikeja, Lagos State.

Duties and Responsibilities;

●Reviewed and managed all general ledger accounts ensuring that all transactions are accurately & completely recorded; and all assets and liabilities are properly disclosed in accordance with GAAP and IFRS.

●Prepared annual budgets, forecasts, cash flows and Treasury Management.

●Preparation and timely submission of monthly company-wide operating expenses report including analysis and explanation of all variances arising in comparison with budget, forecast and trends, monitor updates and analyzed cost drivers for each operating expense category

●Reviewed and approved monthly accruals, provisions and other monthly charges in the general ledger for completeness, accuracy, consistency and integrity of transactions; coordinated month-end account review and followed up on all action points and queries.

●Supervised the amortization of all prepayments, frequency licenses, lease agreements in line with GAAP and IFRS, ensuring all IFRS adjustments are recognized in the general ledger, vouching appropriate supporting documents & submission of monthly prepayment amortization schedule.

●Worked closely with the finance support team to ensure accuracy in monthly departmental operating expenses; analyze and review all cost centre reports in line with budget and forecast to provide relevant information on spikes or variances.

Group Chief Finance Officer (CFO) PHILLY & MOOLS GROUP Nov. 2010 - June 2015

Opebi Ikeja, Lagos State.

Duties and Achievements;

●Coordinated and managed the budget and planning functions to ensure sound financial management of the Group.

●Prepared the Group's Divisions monthly profit and loss accounts, and prepared projections annually and updated monthly with actual figures.

●Ensured high standards of financial control are maintained in the organization.

●Overall control of all financial transactions and accountancy matters, including audit systems.

●Ensured compliance with local, state, and federal budgetary reporting requirements.

●Oversaw the approval and processing of revenue, expenditure, and position control documents, department, budgets, ledger, account maintenance and data entry.

●Coordinated the preparation of financial statements, management reports, special analyses, and information reports.

●Ensured records systems are maintained in accordance with generally accepted auditing standards.

●Developed and directed the implementation of strategic business and/or operational plans, projects, programs, and systems.

●Analyzed Cash flow, cost controls, expenses, financial statements to pinpoint potential weak areas to guide business leaders.

Deputy Group Head, Accounts & Finance THE CONCEPT GROUP Nov. 2010 - June 2015

Yaba, Lagos State.

Duties and Achievements;

●Prepared detailed balance sheet analyses and income statement variance and fluctuation analyses in connection with closing packages

●Prepared statement of cash flows and supporting workpapers

●Analyzed and reviewed complex transactions and prepared related journal entries,including but not limited to acquisitions, dispositions, refinancings, build to suit transactions

●Analyzed General & Administrative expense accounts and prepared accrual journal entries as appropriate

Head of Accounts & Finance EMO ASHAPURA ENERGY & MINING LTD. Sept. 2007 - June 2008

Abuja, FCT.

Duties and Achievements;

●Communicated with other departments within the company to provide them with financial information they need to do their jobs

●Reviewed financial statements to ensure accuracy, using accounting software such as QuickBooks to keep track of accounts

●Prepared reports such as profit and loss statements, cash flow analyses, or balance sheets

●Prepared tax returns for companies or individuals, including personal income tax returns & corporate tax returns

●Created budgets and monitored expenditures to ensure adherence to established budgets

Account Officer FLEXMORE LIMITED (a subsidiary of intercontinental bank ) April 2006 - Sept. 2007

VI, Lagos State.

Duties and Achievements;

●Processed accounts payable and receivable, depending on role

●Utilized database software to organize financial account information

Audit Trainee S.O. KOMOLAFE & CO Aug. 2004 - April 2006

VI, Lagos State.

Duties and Achievements;

●Assisted audit teams in conducting financial, operational, and compliance audits.

●Prepared and maintain audit workpapers, ensuring accuracy and compliance with audit standards.

●Analyzed financial data, transactions, and records to identify discrepancies or irregularities.

●Ensured adherence to relevant laws, regulations, and internal policies during audit processes.

●Collaborated with clients to gather necessary information and documentation for audits.

●Assisted in the preparation of audit reports, findings, and recommendations.

●Contributed to process improvement initiatives within the audit department.

Other Professional Achievements

●Sourced for N3B Loan from Bank of Industry at single digit which translated to about N140m savings on Cost of Fund in present and future terms.

●Reduced Overhead expenses by 7%, which further increased Net income with 5% in the year 2014.

●Headed the Steering Committee of Treasury Software for The Concept Group Limited.

●Successfully preserved approximately $450,000 for the company through favorable exchange rates in both 2022 and 2021.

●Reduction in Bank charges and Loan Interest hereby increasing the profit in the year 2011 for “Opel Cleaning Services Ltd.

Education

CERTIFICATE IN ENTREPRENEURSHIP MANAGEMENT 2015

Lagos Business School

HIGHER NATIONAL DIPLOMA 2002

Yaba College of Technology, Yaba, Lagos State.

NATIONAL DIPLOMA 1999

Lagos State Polytechnic, Isolo, Lagos State.

Professional Trainings, Certifications and Memberships

●Certificate in Entrepreneurship Management from Lagos Business School (2015)

●Associate Member of Certified Forensic Accountants of Nigeria. (ICAN)(2015))

●Student Member of Certified Information System Auditors (ISACA)(2010)

●Fellow Member of Chartered Accountants of Nigeria. (ICAN)(2007)

Referees

Available on Request

Contact this candidate