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Olaniyi Oladepo
Finance Manager
Lagos,Lagos
Summary
Dynamic Financial Leader with solid experience in Banking and Upstream Oil and Gas sectors. Commercially oriented strategic thinker with outstanding record in financial performance management, risk management, negotiation, and analysis. Adept at relationship management with commercial partners and regulatory bodies, while maintaining and improving business outcomes.
Overview
16
16
years of professional experience
4
4
years of post-secondary education
2
2
Certificates
3
3
Languages
Work History
Project Finance Manager
Shell
Lagos, Lagos
03.2019 - Current
- Developed several project foreign exposure management strategies resulting in significant dollar savings and individual award for Business Impact
- Co‐wrote Project and Systems Controls procedures for projects, including value assessment, cost planning and Work Breakdown Structure (WBS) to standardize project execution
- Provided deal support through technical and commercial evaluation of tenders, negotiation, and supplier financial risk management.
- Led financial planning, appraisal and reporting of project feasibility and capital expenditures (~$200m annual budget).
- Assessed and obtained approval for Investment Proposals in line with investment, governance and assurance requirements to unlock new oil development in Nigeria Deepwater.
- Led annual budget preparation and performance defense with National Oil Company (NOC) ensuring full cost recovery in line with Petroleum Sharing Contracts.
- Led NOC stakeholder engagement session on foreign exchange risk management resulting in more than 7% reduction in project capital expenditure.
Senior Finance Reporting Accountant
Shell
Lagos, Lagos
10.2018 - 09.2019
- Provided decision support on management of working capital and cash flow to Finance leadership resulting in 4% higher Cash flow from operations.
- Provided decision support by leading preparation and submission of periodic performance management reports to leadership team.
- Led preparation, external audit engagements and statutory filing of annual financial statements of 7 Shell entities in line with International Financial Reporting Standards (IFRS) and regulatory requirements.
- Led preparation and reporting of SNEPCo annual/quarterly budgets to Shell Group.
- Developed and tracked Key Performance Indicators to meet company's goals and targets
- Managed single source of financial truth interface (SAP BW, Report One, SAP BI) between Company and Group on financial performance.
Finance Advisor, Revenue Control
Shell
Lagos, Lagos
05.2017 - 09.2018
- Performed financial controls over recognition and receipt of crude oil sales and ullage services (>$200m monthly).
- Led preparation and delivery of quarterly Crude Oil Reconciliation (CORR) reports amongst 20 companies and regulators to fulfill contractual and compliance requirements.
- Managed contractual relationship with 17 crude oil injectors into shell pipeline, and with regulators with over $1bn in annual crude sales value.
- Led discovery and recovery of over 700k misdirected barrels ($50m) of crude oil resulting in receipt of individual award
- Standardized crude oil reporting and reconciliation models, reducing cycle time and errors.
Finance Advisor, Compensations and Benefits
Shell
Lagos, Lagos
06.2013 - 04.2018
- Reduced Tax authorities' PAYE tax demand liability from $54m to nil thus protecting company reputation and ensuring cash preservation.
- Updated and re‐wrote range of Standard Operating Procedures and Business Continuity Plans which reduced operational risk, errors and processing time.
- Successfully led cross‐functional project to migrate $10m/month payroll system from one bank to another
- Oversaw execution of monthly pay runs (>6000 Expatriate and Local staff, >30 corporate entities, 6 States Tax authorities, 4 Shell Companies) and prepared and submitted several monthly and quarterly Payroll reports.
- Maintained accurate records of all transactions related to remuneration, including salary, loans and allowances, and reconciling these across four separate entities in Shell portfolio.
- Delivered timely management reporting of staff costs, major component of operating costs.
- Led compliance with and regulatory audits of all payroll related laws (Pensions, National Housing Fund, Employees Compensation for incapacitation, Training,Taxes etc.)
Senior Analyst Financial Controls & Strategy
Guaranty Trust Bank Plc
Lagos, Lagos
06.2009 - 05.2013
- Led preparation of monthly management reports to CFO and MD.
- Prepared Annual Budget of over $300m for Board Approval.
- Measured and managed risk in areas of Credit, Liquidity and Capital Adequacy ensuring 100% compliance with company policy and regulatory requirement.
- Collaborated with KPMG consultants to develop five‐year strategic plans.
- Led active Balance Sheet management with focus on loan book, liquidity management, deposit maturity and currency mix.
- Led preparation, audit and filing of audited financial statements in 100% compliance with IFRS, CBN and SEC requirements.
- Managed compliance with regulatory requirements and public listing requirements of Central Bank and Securities and Exchange Commission.
- Supported formulation of company tax strategy, computation, external audit and filing of Annual tax returns in compliance with Company Income Tax Act.
- Supported over $500m Eurobond and multilateral debt raising by leading forecasting and sensitivity analysis and ensure post‐raise compliance with debt covenants.
Executive Trainee, Financial Controls and Strategy
Guaranty Trust Bank Plc
05.2008 - 05.2009
- Earned exceptional ratings from Central Bank of Nigeria for 100% compliance with more than 10 regulatory reporting and Banking supervisory requirements.
- Evaluated expenditure and instituted expenditure controls which resulted in lowest cost to income ratio of less than 50% in Nigerian Banking Industry.
- Automated regulatory reporting using Ms Access, Excel, SQL etc for data clean up, data standardization and visualization resulting in 100% timely reporting and reduction of error rates by over 80%
- Implemented company policies, technical procedures and standards for preserving integrity and security of data, reports and access
Equity Analyst
Financial Derivatives Company Limited
Lagos, Lagos
08.2006 - 12.2007
- Increased income for 4 mid tier Nigeria Banks , >5 Large corporations and over 15 High Net‐worth Individuals by providing Economic/Financial Advisory and Equity Portfolio Management services
Education
ACA - Accounting And Finance
Institute of Chartered Accountants of Nigeria
Nigeria 01.2008 - 01.2009
Bachelor of Science - Accounting
Covenant University
Nigeria 10.2002 - 01.2006
Skills
Budgeting and Planning
Business Partnering
Investment Appraisal
Performance Management
Financial Accounting and Reporting
Business and Financial Strategy
Regulatory Risk and Relationship Management
Coaching and Training
Business Writing and Presentation
Leadership and Team Development
External Audit Management
Governance and Controls
Software
Power BI
Tableau
MySQL
Certification
Financial Modelling and Valuation Analyst
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Financial Modelling and Valuation Analyst
12-2021
CGMA - Chartered Global Management Accountant
07-2020
Project Finance Manager
Shell
03.2019 - Current
Senior Finance Reporting Accountant
Shell
10.2018 - 09.2019
Finance Advisor, Revenue Control
Shell
05.2017 - 09.2018
Finance Advisor, Compensations and Benefits
Shell
06.2013 - 04.2018
Senior Analyst Financial Controls & Strategy
Guaranty Trust Bank Plc
06.2009 - 05.2013
Executive Trainee, Financial Controls and Strategy
Guaranty Trust Bank Plc
05.2008 - 05.2009
ACA - Accounting And Finance
Institute of Chartered Accountants of Nigeria
01.2008 - 01.2009
Equity Analyst
Financial Derivatives Company Limited
08.2006 - 12.2007
Bachelor of Science - Accounting
Covenant University
10.2002 - 01.2006