Work History

Work History
Jan 2015 - Present

Financial Accounting Manager

Prime Infrastructure and Engineering Services Ltd
A leading engineering and infrastructure company with an increasing presence in the Upstream sector of the Nigerian Oil and Gas Industry as well as the Nigerian Telecom sector. Prime posts annual turnover in excess of N6billion. Position: Financial Accounting Manager Unit: Finance Oversee all tax and regulatory compliance issues Ensure Project accounts are maintained in compliance with defined policies & procedures, IFRS and applicable Laws. Treasury Management Generating accurate and timely management reports with all relevant supporting schedules Risk Management: Establish and maintain appropriate internal control safeguards Maintaining fixed assets on the accounting software and generating monthly reports Reconcile W. I. P, investments and inter-company receivable account Ensuring that adequate records are kept of all withholding and value added taxes. Responsible for month-end treasury reporting process by preparing monthly journal entries to close affected accounts Preparing monthly and quarterly management accounts in the prescribed format for submission by the 7th of every month Communications with banks, creditors, debtors and management as well as invoicing clients Audit: Support and assist in the coordination of quarterly and year-end internal and external audits by providing any relevant information as may be required during the audits. Follow up on audit recommendation and action plans. Ensuring the prompt remittance and collection of tax receipts/certificates Liaising with all SBUs and departments in relation to budget figures/requirements and the preparation/compilation of the final(annual) budget and business plan with the support of the financial/treasury accountant Monitoring all cash advances and ensure that they are retired and accurately expensed at due time Generating and posting journals and subsequent posting to the general ledger Review ledger postings, warehouse issuances and capitalize fixed assets as appropriate Ensuring that all sales are correctly invoiced in conformance with set selling prices and that VAT are appropriately and adequately charged on all sales invoices Ensuring that withholding taxes claimable are received as at due date Analyzing financial ratios, including aging and average collection period of receivables for management decision making
Jun 2014 - Dec 2014

Business Planning Analyst

Prime Infrastructure and Engineering Services Ltd
A leading engineering and infrastructure company with an increasing presence in the Upstream sector of the Nigerian Oil and Gas Industry as well as the Nigerian Telecom sector. Prime posts annual turnover in excess of N6billion. Position: Business Planning Analyst Unit: Strategy Job Responsibilities: Performed industry-wide research analysis in order to generate reports for the sales team on exploitable profitable business opportunities/areas within the company's target markets Defined, developed and implemented business planning processes; co-ordinated and managed cross-functional teams to improve business planning methods Determined and executed key business initiatives that drove business operations Facilitated and assisted in the compilation of documentation required by the sales teams in registering or bidding for jobs with prospects and/or existing clients Developed and implemented best practices and learning plans to meet business objectives Assisted management in operations, resource management, budget, revenue accounting, etc. Developed standard procedures to manage and/or maintained operational and financial objectives Assisted in preparing strategic plan by analyzing trends and forecast as well as maintained in-depth knowledge of market dynamics such as competitor analysis, market share, demographic trends, and growth projections Tracked financial status by monitoring variances from plan and determined financial status by comparing and analyzing plans and forecasts with actual results as well as identified trends and recommended viable action plans Understood business direction and needs and developed solutions, roadmaps and assessment of potential business impacts as well as identified business problems and provided recommendations for improvements Increased productivity by developing automated applications; eliminated duplications; coordinated information requirements Provided information to management by assembling and summarizing data; preparing reports; made presentations of findings, analyses, and recommendations Co-produced and co-prepared the annual budget book and the business plan of the company
Jul 2013 - May 2014

Financial Analyst

Swap Technologies and Telecomms Plc
A leading company in the infrastructure services segment of the telecoms sector, SWAP Technologies and Telecoms Plc posts annual turnover in excess of N13billion. Position: Financial Analyst Unit: Finance & Accounts (Reported to the Group CFO & CEO) Job Responsibilities: Improved financial status by compiling and analyzing results as well as variances; identifying trends; and recommending actions Tracked financial status by monitoring variances from plan and determines financial status by comparing and analyzing plans and forecasts with actual results Analyzed financial ratios, including aging and average collection period of receivables for management decision making Reviewed the company's financial ratios to align with standards and other financial covenants Prepared and provides financial information(financial projections) to business stakeholders Provided information to management by assembling and summarizing data; preparing reports; making presentations of findings, analyses, and recommendations Provided training to budget holders so that they understand key financial terms and concepts Prepared monthly finance reports for Group presentation and compile data for monthly performance reviews of the business activities of the company's strategic business units Co-produced and compiles the annual budget book and the business plan of the company Assisted budget holders with preparation of budget templates and collate budget holder planning and budgeting information Increased productivity by developing automated applications; eliminating duplications; coordinating information requirements Reconciled vendor(payables) and customer(receivables) accounts by comparing and correcting data Filed tax returns and made remittances to the relevant government authority. Posted vouchers and invoices on the ERP system Registered vendors/customers, processes and raises purchase orders on the ERP system
Jan 2013 - Jun 2013

Supply Chain Management Analyst

Swap Technologies and Telecomms Plc
A leading company in the infrastructure services segment of the telecoms sector, SWAP Technologies and Telecoms Plc posts annual turnover in excess of N13billion. Position: Supply Chain Management Analyst Unit: Group Finance/Supply Chain Management (Reported to; Group CFO, Group Internal Auditor, and Group Head, Supply Chain Mgt/Procurement) Major Responsibilities: Support the Group Category Managers on client's service needs and market analysis in maximizing the value for money(ROI) when sourcing on behalf of SWAP Subsidiaries. This includes conducting analysis on spend and cost structure data; researching trends and best practice in the industry; organizing and running tenders, benchmarking and identification of opportunity areas. Job Summary: Assisted in developing and implementing sourcing strategies-Participated in cross-functional teams in the development of sourcing strategies and market research, including: assessment of total cost of ownership and opportunities to leverage changes in process, systems and products to lower that cost. Developed fact base for services benchmarking-Knows key facts for each categories, including detailed understanding of service offerings, contract conditions, Service Level Agreements(SLAs), costs per activities as well as breakdowns and strength/weakness of suppliers. Receivables Management-Invoiced, Age Analysis of receivables, Reconciliation of Accounts, carried out billing, collection and reported activities according to specific deadlines, organized recovery systems and initiated collection efforts. Assisted in spend data analysis and basic financial analyses-Worked together with Category Management on spend data analysis and some financial analysis(e.g., inventory carrying costs; make vs. buy). Participated in Service quality meetings, correspondences and relations with internal users and external clients. Assisted in preparing monthly procurement performance status reports-Supported the team in the compilation of monthly procurement performance status reports for supply chain activities. Monitored the progress of active transactions and conduct service quality assessments at the end of each contract. Local procurement of material needs-After a review of the Group's Supply Chain needs and agreed procurement approach with finance, sourced local required services as relevant. Supported set up of performance management reporting across the supply chain with key focus on delivery performance to operational units and services availability through clear definition of KPI's
Jul 2012 - Dec 2012

Procurement Analyst

Swap Technologies and Telecomms Plc
A leading company in the infrastructure services segment of the telecoms sector, SWAP Technologies and Telecoms Plc posts annual turnover in excess of N13billion. Position: Procurement Analyst Unit: Supply Chain Management/Procurement (Reported to; the COO, CFO, Internal Auditor, and Head, Supply Chain Mgt/Procurement) Key Responsibilities: Worked closely with the finance department and ensured that all purchases were made within the company's budget in an effort to confirm to all cost cutting best practices. Monitored daily, weekly and monthly diesel and other materials supplies as well as consumptions at various sites nationwide and made relevant variance reports based on quantity consumed in relation to budgeted/benchmark. Researched and resolved escalated issues(route cause analyses). Quantity planning and generated requirements to raise orders for supply as well as planned of backup strategy in cases where supply failed. Pro-actively provided ongoing, timely and accurate financial analysis of key business drivers; pricing, diesel cost, cost of maintenance per site, etc. Ensured Diesel and other materials supplies were planned meticulously so that no site went down for want of diesel or other materials at any time except under force majeure conditions. Worked closely with Network Operations Centre(NOC) to ensure that AGOs and other material are supplied to sites nationwide as part of measures to achieve the targeted 99. 99% uptime agreed with operators. Made exception reports to management on monthly basis concerning stock consumption/utilization. Received and processed Request for Quotations(RFQs). Monitor the progress of the orders until the products and or services are received and invoiced. Ensured processes and procedures were strictly adhered to on AGO and other materials deliveries to sites. Escalated abnormal material consumption/suspected AGO theft based on average consumption analysis. Reviewed requisition orders to verify accuracy, specifications and terminology, and comparing prices, specifications and delivery dates, and determine the best bid among potential suppliers. Tracked the status of requisitions, contracts and orders as well as verified invoices/bills before forwarding same to accounts payable unit for payment. Managed vendors and clients, and planned execution that best served identified target growth areas
Jul 2011 - Jun 2012

Accountant

Swap Technologies and Telecomms Plc
A leading company in the infrastructure services segment of the telecoms sector, SWAP Technologies and Telecoms Plc posts annual turnover in excess of N13billion. Position: Accountant Unit: Finance & Accounts (Reported to; the CFO, Finance & Investment Manager and Internal Auditor) Key Responsibilities: Receivables Management. Posted daily Payment Vouchers. Prepared and analyzed cash inflow reports on a weekly and monthly basis. Prepared weekly financial report to highlight profit expectations Prepared monthly financial reports and variance reconciliations. Verified Vouchers and IOUs, by ensuring strict compliance with authorization matrix and Organization procedures and policies. Analyzed and generated Finance Operations Expense(OPEX) report(The aim of this report is to compare the budgeted with the actual OPEX and provided explanations on areas where there were deficits and fluctuations on the operating expenses and proffered solutions for the unit/department concerned). Prepared Withholding Tax Schedules to be remitted to various tax authorities on a monthly basis. Analyzed the withholding tax account and raised correction journals, made reversing entries and account/cost center reclassification were necessary. Prepared payables reports on a weekly and monthly basis to management. Reviewed, reconciled and resolved issues around supplier invoices. Overheads budgeting and monitoring. Prepared on a daily and monthly basis, various banks reconciliations statements and Investigated the Reconciling items in the bank reconciliation statement Staff PAYE and pension remittances at the end of the month. Monitored all cash advances and ensures they are retired in line with cash advance policy of the company and accurately expensed. Confirmation of all cheques before payments is effected by the Banks. Assisted in the collection and resolution of past due accounts. Tracked, maintained and analyzed vendors' data. Complimented the efforts of the Payable Accountant in ensuring that suppliers are paid in full and on time. Ensured that all inventories are properly captured and reconciled same with physical stock. Engaged the company's warehouse in constant communication to resolve stock release issues as soon as they occurred. Petty Cash supervision function. Ensured that all hard copies of financial books and vouchers were properly filed and documented.
Nov 2010 - Jun 2011

Graduate Management Trainee

NAOC Ltd

Nigerian Agip Oil Company-

Position: Graduate Management Trainee

Job Summary:

Checking the correct application of contract terms and conditions upon all invoices Assisting in raising of variations and other contractual amendments Assisting in the preparation of notices and certificates required by the contract terms Assisting in gathering and collation of contract reports from Contractors Assisting in the filing of minutes, reports, certificates, variations, etc Liaising with the Contract Holder and the Accounts Payable Department in the resolution of invoice queries and disputes Assisting in tracking expenditures against Contract Board approved limits and advising Contract Holders where re-submissions for increased approval becomes necessary Process Contractors Invoices and Change Orders for Site approval

Jan 2006 - Dec 2006

Accounts Payable Assistant

Nigerian Bottling Company Plc

A leading company in the food and beverages industry, Nigerian Bottling Company Plc is a bottler of soft drinks with 16 plant locations nationwide with annual turnover in excess of N50billion.

Unit: Finance (Reported to; the Plant Finance Manager, Accounts Payable Officer and Cost Accountant)

Job Summary: Assisted in preparation of monthly bank reconciliation statements. Assisted the Accounts Payable Officer to generate lists of individual creditor's balances into schedules. Assisted in preparing monthly Accounts Payable Statements before circularization is carried out by the Finance Manager Attend to customers' query as regard the status of their invoices and subsequent payment. Raised journals and payment vouchers. Filed and documented transactions.

Bio Data  

Sex: Male 

Education

Education
Jan 2015 - Present

MBA

Lagos Business School, Nigeria
2014

M.Sc Accounting

University of Benin, Nigeria
2010

B.Sc Accounting

Delta State University, Abraka, Nigeria
2005

National Diploma; Banking & Finance

Delta State Polytechnic, Nigeria