AFEES ADEKUNLE BELLO
Ibadan
Summary
Finance and accounting professional with broad experience in cost accounting, inventory control, payables, receivables, trade finance, and working capital management. Supports budgeting, forecasting, variance analysis, financial reporting, and ERP-based processes to improve controls, cash flow, and operational efficiency.
Overview
2
2
Languages
23
23
years of professional experience
Work History
Senior Management Cost Accountant
Nigeria Enamel ware Company PLC
07.2021 - Current
- Budgeting & Forecasting: Build and monitor operational budgets and financial forecasts.
- Variance Analysis: Compare actual spending against expected budgets to flag discrepancies and cost overruns.
- Cost Control: Tracked expenses, managed material requisitions, enforced usage policies, and identified cost-saving opportunities through financial analysis and benchmarking.
- Financial Analysis: Performs financial analysis, on expenses and cost management projects, Build excel models and drive analysis.
- Efficiency Improvements: Spot waste, audit vendor contracts, and propose money-saving workflows.
- Inventory & Stock Management: Supervise stock counts, reconcile ledgers, and verify financial calculations.
- Coordinated collaboration among departments to streamline submission processes, negotiating with various clusters/functions to ensure timely submissions and delivering a new reporting suite with stakeholders, IT, and Projects.
- Designed and developed value-added management information reports, documenting client and end-user needs to ensure reporting suite met requirements.
Trade Finance Manager
Trade Depot Limited
06.2021 - 12.2024
- Trading Working Capital Management: Manage and be accountable for Trade Depot's trading capital in the Distribution Center (DC) by ensuring that the Working Capital is used for inventory financing.
- Working Capital Management: Manage and be accountable for Trade Depot's trading capital in the Distribution Center (DC) by ensuring that the Working Capital is used for inventory financing.
- Financial Reporting & Core Accounting: Manage all Trade Depot commerce accounting operations which include: real-time reporting of key financial metrics, daily posting of transactions, Inventory Accounting, Revenue Recognition, Bank reconciliation and preparation of financial reports for the Distribution Centre.
- Accounts Receivable Management: Manage the agreed SLA on AR for DSRs by ensuring that all outstanding sales proceeds are deposited same day of load out
- Tracked working capital in DC for suppliers and processed timely payments.
- Aligned finance with commercial and operations teams to support business objectives. Developed and documented business processes and accounting policies to strengthen internal controls in assigned City's DC. Initiated operational cost reduction initiatives across key distribution cost lines, contributing to increased net profits of Distribution Centre.
- Oversaw finance team through training and development to ensure efficient and cost-effective operations.
Cost Control
Frigoglass West Africa Ltd
04.2004 - 07.2021
- Assess all incoming products, resources, and services to ensure the best price
- Analyze invoices to ensure correct products/services were received at the expected cost
- Implement cost-saving programmes with defined timelines and evaluation criteria
- Develop and implement proactive solutions and cost-cutting measures
- Remain acutely aware of market trends that could impact resource costs
- Collaborated with department heads to identify strategies for enhancing profitability
- Understand the entire arc of the business and how productivity impacts profitability
- Optimised operational processes to enhance productivity across all departments. across operations while maintaining quality standards
Account Payable
Frigoglass West Africa Ltd
04.2004 - 07.2021
- Processed and reconciled invoices to ensure timely payments and effective expense control.
- Reconciled various vendor transactions to ensure accuracy in accounts..
- Monitored payment due dates and conducted ageing analysis of vendor accounts to optimise cash flow management.
- Reconciled processed work by verifying entries and comparing system reports to balances.
- Reconciled intercompany payable accounts to ensure accurate financial reporting.
- Allocated expenses to accounts and cost centres by analysing invoice/expense reports and recording entries accurately.
- Coordinated all bank transactions to ensure accurate processing.
- Recognised vendor liabilities in the appropriate general ledger accounts..
- Ensured that relevant supporting documents are obtained before payment.
Account Receivable
Frigoglass West Africa Ltd
04.2004 - 07.2021
- Generated weekly and monthly ageing reports of sales and staff debtors to monitor outstanding payments and inform collection strategies.
- Conducted thorough reconciliation of sales debtors ledger for financial integrity.
- Performed reconciliation of staff debtors ledger to ensure financial accuracy.
- Prepared customer statements, bills, and invoices to ensure timely financial communication.
- Generate Receivable report to determine the Customer payment Schedules
- Oversaw maintenance of billing system to streamline invoicing processes and enhance accuracy.
Cash Management
Frigoglass West Africa Ltd
04.2004 - 07.2021
- Oversaw allocation of cash balances, loans, disbursements, and investments to optimise financial resources.
- Predicted cash requirements and positions by analysing budgetary needs and financial reports to ensure liquidity.
- Examined forecasted cash balances to maintain financial integrity and support decision-making, examining and correcting any shortages or overages
- Examined forecasted cash balances to maintain financial integrity and support decision-making, examining and correcting any shortages or overages.
- Maintain integrity and accuracy in financial transactions and reports.
- Ensured security of financial records to safeguard sensitive information and confidentiality of financial records
Fixed Asset Management
Frigoglass West Africa Ltd
04.2004 - 07.2021
- Maintained accurate records of fixed asset depreciation to ensure compliance with financial standards
- Executed accounting tasks related to the disposal of fixed assets for accurate reporting
- Generated monthly fixed asset schedules to support informed management decision-making
- Recorded costs of newly acquired tangible and intangible assets to ensure accurate financial reporting
- Tracked and numbered existing fixed assets to maintain comprehensive asset records
- Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects
- Perform reconciliation of fixed asset subsidiary ledger balance with summary-level account in the general ledger
Stock control Specialist
Frigoglass West Africa Ltd
04.2004 - 07.2021
- Managed stock control and reconciled discrepancies with data storage system to maintain inventory accuracy.
- Coordinated regular stock-taking processes, achieving accurate inventory levels through weekly, monthly, and annual audits.
- Oversaw receiving, warehousing, distribution and maintenance operations to ensure seamless supply chain processes.
- Reporting shortages/overages on all Inventory counts and reconciling both
- Tracked and documented various inventory issues and consumption patterns
- Produce reports and statistics regularly (IN/OUT status report, dead stock report etc.)
- Initiate, coordinate and enforce optimal operational policies and procedures Adhering to all warehousing, handling and shipping legislation requirements
- Ensuring all deviation from inventory policies are notified to the management
- Preparation and Investigation of Usage variance as regards to production consumption
- Calculating cost prices of materials and comparing with the actual and also analyzing the variance thereof.
- Planning work rotas, assigning tasks appropriately and appraise results
- Maintaining standards of health and safety, hygiene and security
- Strategically managing warehouse in compliance with company's policies and vision
Education
Post Graduate Diploma - Logistics and Supply Management
College of Supply Chain Management USA
USA01-2017
Higher National Diploma - Accountancy
Rufus Giwa Polytechnic
Owo, Ondo state01-2007
Skills
- Cost management
- Budget management
- Variance analysis
- Cost accounting
- Financial reporting
- Accounting operations
- Internal controls
- GAAP standards
- Microsoft Dynamics
- Microsoft Excel
- Inventory reconciliation
- Logistics Management
- Cash Flow Optimisation
- Communication
- Time-management
- Stock valuation
- Cash Flow Optimisation
EDUCATION & TRAINING
- Chartered Institute of Supply Chain Management -Associate Member 2017
- Chattered Institute of Warehousing and Material Management -Associate Member 2017
Training
- Microsoft Excel User Advanced Class (January 2015)
- Autusbridge Consulting Ltd, Lagos
Languages
yoruba
First Language
English
Proficient
C2
Timeline
Senior Management Cost Accountant
Nigeria Enamel ware Company PLC
07.2021 - Current
Trade Finance Manager
Trade Depot Limited
06.2021 - 12.2024
Cost Control
Frigoglass West Africa Ltd
04.2004 - 07.2021
Account Payable
Frigoglass West Africa Ltd
04.2004 - 07.2021
Account Receivable
Frigoglass West Africa Ltd
04.2004 - 07.2021
Cash Management
Frigoglass West Africa Ltd
04.2004 - 07.2021
Fixed Asset Management
Frigoglass West Africa Ltd
04.2004 - 07.2021
Stock control Specialist
Frigoglass West Africa Ltd
04.2004 - 07.2021
Post Graduate Diploma - Logistics and Supply Management
College of Supply Chain Management USA
Higher National Diploma - Accountancy
Rufus Giwa Polytechnic