BRENDA OFUNE
Professional Accountant
Lagos
Summary
A professional accountant with more than 13 years of experience in vessels funding, operational costs (marine and landside) analysis, verification and approval in Principal's system. Well-qualified financial systems leader offering demonstrated skill and success in managing internal accounting processes, improving controls and strengthening systems for optimal performance. Proficient in all aspects of accounting, including accounts payable and receivable, budget administration and payroll. Gifted in building and leading solid teams to handle high-volume operations with consistency, accuracy and full compliance with regulatory requirements.
Overview
14
14
years of professional experience
15
15
years of post-secondary education
1
1
Certification
Work History
WORKING CAPITAL MANAGER
PIL Nigeria
Lagos
05.2015 - Current
- Relieves CFO whenever, CFO is away from office
- Supports CFO in co-coordinating general activities of finance team
- Managed all Line's vendors’ payment related issues
- Demurrage Reporting/Remittance
- Managed AR and AP teams
- Supervised funding of operational expenses for vessels’ calls and ensured that all berthing and sailing clearances are provided to operations teams in Main and branch offices
- Liaised on daily basis with various teams in HQ and Regional office on resolution of daily concerns raised by local finance team as well as executed guidance received on how to treat various items that has to do with principal’s account
- Implemented Standard operating procedures(SOP) as received from Principal, ensuring compliance, developed new ones and amended existing ones as applicable to local operations to mitigate risks and improve efficiency
- Completed monthly paperwork on inter-billing arrangement with partners, recognizing discrepancies and promptly addressing for resolution and ensured that Principal is settled amounts due.
- Facilitated training and onboarding for incoming office staff.
- Volunteered to help with special projects of varying degrees of complexity.
- Worked with senior management to initiate new projects and assist in various processes.
- Created and managed office systems to efficiently deal with documentation.
- Reached out to vendors and customers to verify information and follow up on client issues.
- Produced month-end closing reports and provided actionable suggestions on remittance for quick resolution.
- Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
- Complied with established internal controls and policies.
- Recruited, interviewed and hired 15 employees and implemented mentoring program to promote positive feedback and engagement.
- Supported financial director with special projects and additional job duties.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Established and enforced internal controls, workflows and policies for tracking, reconciling and reporting on accounting activities.
- Developed strategic plans for day-to-day financial operations.
- Identified issues regarding delayed or incomplete payments and followed through to resolution.
- Hired, trained and managed AP/AR department team members and developed engaged, high-functioning performers.
- Performed month-end reconciliation and developed reporting metrics in coordination with corporate finance executives.
Process Comparison Training
PIL Ghana
Tema
11.2019 - 11.2019
- Identified issues, analyzed information and provided solutions to problems.
- Delivered services to customer locations within specific timeframes.
- Understanding and comparing general structure and roles in finance team within PIL Nigeria and PIL Ghana.
Process Comparison Training
PIL South Africa
Durban
05.2019 - 06.2019
- Management of stakeholders’ relationship in such ways that will minimize costs and optimize profitability
- HR functions and payroll management
- Customer service activities
- Overview of ship operations
- Import and export marketing and sales
- Imports and exports – process flow from downloading of manifests to invoicing of customers
- Equipment control/Container movement monitoring
- IT systems implementation.
WORKING CAPITAL MANAGER
PIL Nigeria Limited
Lagos
05.2011 - 04.2015
- Monitored status of Shipping Line's accounts receivable and payable to facilitate prompt processing
- Monitored monthly reconciliation of principal's ledgers in local books to principal's records
- Supervised reporting of principal’s memorandum accounts for all relevant ports of call in Nigeria, on monthly basis
- Ensured that all statutory and terminals bills are paid as at when due.
- Ensured that all freight/demurrage collections are received as at when due
- Supervised process of remittance of demurrage, others credits due to Principal
- Developed and implemented performance improvement strategies and plans to promote continuous improvement
- Communicated with upper management regarding performance and areas out of compliance with contractual agreements to identify solutions.
- Furnished statistical and verbal reports to management for historical, status and forecasting purposes.
ASSISTANT ACCOUNTANT II
PIL Nigeria
Lagos
09.2008 - 04.2011
- Preparation of Principal’s Statements of Account (US Dollars & Naira)
- Preparation and maintenance of company’s fixed assets register
- Support personnel in preparation of monthly payroll
Education
B.Sc. - ACCOUNTING
Ambrose Alli University
Ekpoma, Edo State, Nigeria. 01.1998 - 01.2004
MBA - FINANCIAL MANAGEMENT
Lagos State University
Ojo, Lagos State. 08.2006 - 01.2016
Skills
Staff Management
Accomplishments
- Used Microsoft Excel to develop AP invoices' tracking spreadsheets.
- Supervised team of 15 staff members.
- Documented and resolved clearance of principal’s suspense account in the Agency’s local books to zero within 18 months which led to the discovery of $1.6mil worth of omitted demurrage collections, lying in the suspense account that was remitted to Principal.
Certification
Associate Chartered Accountant(ACA), Institute of Charted Accountants of Nigeria(ICAN)
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
You only have to do a few things right in your life so long as you don’t do too many things wrong.
Warren Buffett
Timeline
Process Comparison Training
PIL Ghana
11.2019 - 11.2019
Process Comparison Training
PIL South Africa
05.2019 - 06.2019
WORKING CAPITAL MANAGER
PIL Nigeria
05.2015 - Current
WORKING CAPITAL MANAGER
PIL Nigeria Limited
05.2011 - 04.2015
ASSISTANT ACCOUNTANT II
PIL Nigeria
09.2008 - 04.2011
Associate Chartered Accountant(ACA), Institute of Charted Accountants of Nigeria(ICAN)
08-2008
MBA - FINANCIAL MANAGEMENT
Lagos State University
08.2006 - 01.2016
B.Sc. - ACCOUNTING
Ambrose Alli University
01.1998 - 01.2004
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