Summary
Work History
Education
Skills
Accomplishments
Affiliations
Certification
Interests
Timeline
Generic
Adewumi Oni

Adewumi Oni

Finance, Operations and Risk Management
Oregun,LA

Summary

A strategic-thinking individual well experienced in leading teams to becoming high-performers, dedicated to streamlining operations to decrease costs and promote organizational efficiency. Uses independent decision-making skills and sound judgment to positively impact company success.

Work History

Director, Finance and Corporate Services

Lagos State Employment Trust Fund (LSETF)
Oregun, LA
06.2023 - Current

Finance

  • Develop Fund's financial strategy, work plans and programs.
  • Spearheading management and financial reporting in line with relevant statutory requirements.
  • Developed the Fund's corporate budget and allocation of financial resources.
  • Providing overall guidance, leadership support and strategic direction in execution of Fund's finance function and activities.
  • Authorizing expenditure/transactions in line with Fund's approved financial authority limits.
  • Secured release of 100% of the Fund's annual subvention from LASG in 2024.
  • Providing strategic support to Executive Secretary.

Information Technology

  • Ensuring optimal functioning of Fund's ERP Solution.
  • Facilitated development of required IT plan to meet Fund's immediate and long term/future needs (hardware and software) and ensure successful implementation and operation.
  • Evaluatde and improved Fund's information technology infrastructure, implementing new technologies to support key capabilities required for long term growth.

Procurement

  • Lead and oversee procurement plan and monitoring of procurement activities.

Head, Risk Management and Internal Control

Lagos State Employment Trust Fund (LSETF)
Oregun, LA
07.2020 - 05.2023
  • Developed Fund’s Enterprise Risk Management Framework
  • Developed Fund’s Internal Control Policy document
  • Facilitated evaluation and selection of on-lending financial institutions through which over =N=2billion loan was disbursed
  • Transitioned management of external recovery team from manual to online platform.

Acting Director, Programmes & Coordination

Lagos State Employment Trust Fund (LSETF)
Oregun, LA
05.2019 - 06.2020
  • Drove development of financial interventions (debt, grants, guarantees, etc) relevant to target beneficiaries.
  • Designed and implemented delivery of programs schemes for target beneficiaries.
  • Identified and brokered strategic partnerships
  • Provided guidance in identification, development and roll-out of job placement initiatives.
  • Enhanced effective government relations to promote inclusion and equity.
  • Led a team of 10 to successfully broker =N=2bn matching fund relationship for MSMEs with a Commercial Bank.
  • Managed the team to train over 5000 youths with over 50% placement achieved.
  • Led the team to develop and got approval for Covid-19 intervention programme (LSETF LEAP) for Lagos based MSMEs.
  • Championed overall strategic direction, implementation, management and supervision of financial and non-financial interventions for various target segments.

HEAD, MICROENTERPRISE

Lagos State Employment Trust Fund (LSETF)
Oregun, Lagos
11.2016 - 05.2019
  • Managed the acquisition and disbursement of loans of about =N=2.7billion ($7.5mn) to over 8000 MSMEs in Lagos State within a 2 and half year period with Credit Loss Ratio within prescribed limit, enabling over 20,000 jobs
  • Successfully broker matching fund (grants) partnership with 2 LGAs and 1 LCDA to provide funding to MSMEs resident within the locations.

HEAD, BUSINESS SUPPORT & FINANCE

Planet One Hospitality Ltd
Maryland, Lagos
02.2015 - 03.2016
  • Successfully restructured/negotiated several debts on behalf of the company.

FINANCIAL CONTROLLER

Cashlink Leasing Plc
Victoria Island, Lagos
03.2014 - 01.2015
  • Successfully negotiated loan restructuring and refinancing for the Group.

PLANNING & STRATEGY MANAGER

Cashlink Leasing Plc
Victoria Island, Lagos
06.2012 - 03.2014
  • Negotiated and won a major contract for Novo Car Rentals (a subsidiary)
  • Designed and compiled operational policy manual, credit manual, enterprise risk framework, and accounting manual for the Group.

BRANCH MANAGER

FBN Microfinance Bank Limited
Yaba, Lagos
05.2009 - 05.2012
  • Pioneered three branches and recorded a break-even position (in one of the branches) within three (3) months
  • Played a major role in the development of 5-year strategy document for the Bank.

HEAD, BRANCH OPERATIONS

01.2009 - 05.2009
  • Maintained a fraud-free operations in an era of high fraud incidence.

BRANCH ADMINISTRATOR

Accion Microfinance Bank Ltd
02.2007 - 12.2008
  • Provided coaching/mentoring to other Branch Administrators
  • Best Operation Staff (2007).

ACCOUNT OFFICER

Financial Institution Training Centre (FITC)
04.2004 - 01.2007
  • Rising Star Award (2006).

Education

DBA - Finance

Paris School of Business
Paris, France
12.2022 - Current

MBA - Finance

Quantic School of Business And Technology
Washington DC, US

Bachelor of Science - Accounting

Obafemi Awolowo University
Ile-Ife, OS

Skills

Business process improvement

Accomplishments

Personal Achievements

  • Had a column in the Daily Independent Newspaper between 2015 and 2016
  • Daily broadcast on practical life wisdom nuggets since 2013.


Career Achievements

  • Spearheaded effective budget optimization towards a 25% cost-saving for the Fund.
  • Facilitated the doubling of internally generated revenue in 2023.
  • Supervised the collection and recovery of over =N=1.5bn loans in 2022
  • Best Employee - Year 2021
  • Best Manager and Best Team - Year 2022.
  • FitFam Award - Year 2023

Affiliations

  • Institute of Chartered Accountants of Nigeria
  • Chartered Institute of Bankers of Nigeria

Certification

Fellow (FCA), Institute of Chartered Accountants of Nigeria

Interests

Reading biographies, fictions, travelling and visiting new placesg

Timeline

Director, Finance and Corporate Services

Lagos State Employment Trust Fund (LSETF)
06.2023 - Current

DBA - Finance

Paris School of Business
12.2022 - Current

Head, Risk Management and Internal Control

Lagos State Employment Trust Fund (LSETF)
07.2020 - 05.2023

Acting Director, Programmes & Coordination

Lagos State Employment Trust Fund (LSETF)
05.2019 - 06.2020

Fellow (FCA), Institute of Chartered Accountants of Nigeria

04-2018

HEAD, MICROENTERPRISE

Lagos State Employment Trust Fund (LSETF)
11.2016 - 05.2019

HEAD, BUSINESS SUPPORT & FINANCE

Planet One Hospitality Ltd
02.2015 - 03.2016

FINANCIAL CONTROLLER

Cashlink Leasing Plc
03.2014 - 01.2015

Microfinance Chartered Banker (MCIB), Chartered Institute of Bankers of Nigeria

10-2013

PLANNING & STRATEGY MANAGER

Cashlink Leasing Plc
06.2012 - 03.2014

Certification in Microfinance, Boulder Institute of Microfinance, Turin, Italy

07-2011

BRANCH MANAGER

FBN Microfinance Bank Limited
05.2009 - 05.2012

HEAD, BRANCH OPERATIONS

01.2009 - 05.2009

BRANCH ADMINISTRATOR

Accion Microfinance Bank Ltd
02.2007 - 12.2008

ACCOUNT OFFICER

Financial Institution Training Centre (FITC)
04.2004 - 01.2007

MBA - Finance

Quantic School of Business And Technology

Bachelor of Science - Accounting

Obafemi Awolowo University
Adewumi OniFinance, Operations and Risk Management