CHIEJINE EMMANUEL IJEOMA
Cost Controller
Lagos,
Summary
Experienced and resourceful Chartered Accountant with over 12 years proven background in financial accounting & reporting, financial management, budgeting & budgetary controls, cost management and internal control process across reputable companies, including the Oil and Gas sector. Actively seeking a challenging yet rewarding role to apply my extensive accounting knowledge and skills within your organization to help achieve organizational set objectives.
Overview
16
16
years of professional experience
Work History
Cost Controller
TOTALENERGIES E&P NIGERIA LIMITED
01.2022 - Current
- Prepare monthly Cost Control reports for budget holding entities and management and assist to coordinate compilation of credible comments (variance analysis) from the cost control team.
- Ensure budget/performance monitoring and reporting. Track budget variances and challenge budget owners on any deviation from approved cost baseline.
- Organize regular cost review meetings with Budget Holders to identify opportunities to improve budgetary control.
- Consistent application of cost control and reporting standards and policies of SOX, and other related.
- Participate in preparing functional budgets, it’s implementation and maintenance of the cost control system and cost reporting in Deepwater Field Operations.
- Join to review, analyze, and update accurate budget forecasts in collaboration with budget holders.
- Carry out validation and release process of Purchase Requisitions / Purchase Orders after making Budget Availability Control and checking correctness of amounts, cost allocations, cost objects as an integral part of the P2P process.
- Carry out validation and release process of Mission Orders for all categories of staff local and international missions, within the departments of Deepwater Field Operations.
- Prepare automatic accruals, manual accruals, cost objects review, etc. as part of the financial accounting monthly/quarterly/annually closures activities.
- Ensure that potential budget overruns are anticipated, and corrective measures are in place to ensure the recoverability of all costs.
- Support respective entities to follow up on all financial and cost control issues.
- In charge of HQ Request For Services (RFS) Purchase Order creation and monitoring in Deepwater Field Operations.
- Participate in discussions with Managers on Cost structure to reach best compromise between cost monitoring needs and accounting and system constraints.
- Establish appropriate coordination with other project functions to ensure compatibility with the Cost Control requirements and timely flow of the information.
- Join to prepare all budget and performance reports relative to cost control activities for regulatory authorities, like NUIMS, and others as may be required from time-to-time.
- Participate in NUIMS budgeting and performance reviews and defense bi-annual and annually meetings.
- Provide responses to audits and/or queries from various stakeholders (e.g. internal/external auditors, NUIMS, etc); such as the provision of justifications for expenditure, contract approval, etc.
- Preparation of operating procedures for cost control in general and Deepwater Field Operations in particular.
- Carry out induction of new Cost Controllers to ensure effective knowledge transfer.
Senior Internal Controller
LILY HOSPITALS LIMITED
02.2018 - 01.2022
- Conduct independent reviews of the organization’s Revenue Assurance (Cash, POS, Cheque and Transfers payments) to ensure there are no financial leakages.
- Conduct independent reviews and checks on all organization’s expenditures to ensure they are all in line with the wholly, reasonably, exclusively and necessarily (WREN) concept.
- Assesses, identifies, reports significant risk exposures and control gaps, including fraud risks, governance issues and other related matters to the Group Head. And also proffers steps to mitigate the risks.
- Supervises and coordinates year-end inventory count and periodic Assets verification exercises.
- Develops internal audit and control plans, strategies and workable action plans to promote culture of transparency and accountability in the organization.
- Develops and enforces compliance to organization’s approved internal policies and standard operating procedures (SOPs).
- Monitors and ensures full compliance to the organization’s approved policies, operating procedures, acceptable code of good business practices, statutory and regulatory laws and regulations.
- Collates and reviews reports from other team members and presents consolidated reports to the Group Head.
- Manages and oversees teams’ performance through approved mode of performance planning, coaching and performance appraisals.
- Conducts and coordinates teams’ capacity building and competency development on a regular basis.
- Uses the COSO framework to evaluate the effectiveness of the existing internal controls in the organization and give objective recommendations for identify controls gaps for continuous system improvement.
- Actively participate in the conduct of Risk Assessment of all departments and units.
- Actively participate in the periodic internal audit surveillance programs in compliance to the international accreditations like: Kaizen, ISO, COHSASA, etc.
- Companywide independent audit check on Revenue Assurance (Cash, POS, Cheque and Transfers)
- Carry out any other task as may be assigned by the Team Lead, Internal Control Unit or the Group Head, Chief Enterprise Risk Officer (CERO).
Manager, Internal Audit
TRANSTELL GROUP OF COMPANIES
01.2016 - 01.2018
- Perform oversight and coordination functions in audit department
- Develop and implement an internal policies and standards compliance programs
- Perform routine audit of all Transtell branches (telecommunications, oil ventures and hotel) at regular intervals
- Verifications of all company’s procurements and usage
- Verifications of all company’s stock orders, purchases and issuance to branches.
- Responsible for cash count with the Head of cash section on a regular interval
- Perform routine audit of all cash collections, bank lodgements, expenses and cash balances.
- Review of all source documents and payment vouchers for all payment
- Writing of audit reports for management decision-making
- Appraising operational performance of all branches from time-to-time
- Review all current company’s policies and procedures and constructively make necessary corrections when necessary
- Evaluate comprehensive business processes and transactions, identify possible loopholes for loss and fraud risks and recommend risk aversion measures and cost savings
- Provide timely expert advice regarding regulatory and industry obligations and standards
- Monitor changes in activities and ensuring that risks arising from any significant changes are considered within the risk framework.
- Carry out any other task as may be assigned by the Group Managing Director.
Head, Accounts & Finance
UNIBEN INTEGRATED ENTERPRISES LTD
01.2012 - 01.2016
- Processing of all payments for all the necessary expenditures of the company
- Handle the budget preparations and its implementations
- Perform budget performance appraisal and variance analysis
- Conduct periodic stock taking and valuations
- Coordinate overall accounts department activities/team
- Monitor, update and ensure timely settlement of all the company’s accounts receivables and payables
- Ensure necessary account books and records are maintained for all the company’s financial transactions
- Post all the financial transactions into the cash book and other relevant general ledgers
- Prepare periodic (monthly/quarterly/annually) financial reports for decision-making and controls
- Computations, deductions and prompt remittance of all taxes and other statutory payments (VAT, WHT, PAYE, PENSION, etc)
- Preparation and processing of staff payroll and other related payments
- Updating and maintenance of the Fixed Assets register
- Coordinate and supervise the company’s cashier to ensure proper and prompt cash lodgments in compliance with the company’s financial regulations and procedures
- Coordinate and supervise all financial transactions and reports from sales branches and depots
- Prepare bank reconciliation statements and follow-up on the areas of discrepancies
- Comply with all relevant financial policies, procedures and other relevant regulatory standards.
- Liaise with the internal and external auditors as at when necessary
- Ensuring compliance with all applicable financial and auditing standards both locally and internationally
Audit Senior
FEMI AJIJALA & CO (CHARTERED ACCOUNTANTS)
01.2011 - 01.2012
- Compute and process tax returns for clients
- Participate actively in statutory audit for clients
- Set up relevance accounting books and records for clients
- Develop standard financial guidelines and procedures manuals for clients
- Assist the managing partner to organize and coordinate in-house trainings and seminars for clients’ employees
- Set up standard internal control systems for clients.
Mathematics Teacher
ARMY DAY SECONDARY SCHOOL
01.2010 - 01.2011
- Preparation of mathematics lesson notes
- Classroom teaching and coordination of mathematics for JSS 2A-2G
- Form master to JSS 2B & 2C students
- NATIONAL YOUTHS SERVICE CORPS (NYSC)
Education
B. Sc - Accounting
LADOKE AKINTOLA UNIVERSITY OF TECHNOLOGY, OGBOMOSO
01.2019
Associate Chartered Accountant (ACA) - undefined
Institute of Chartered Accountants of Nigeria (ICAN)
01.2011
B. Sc (Edu) - Accounting Education
UNIVERSITY OF BENIN, BENIN-CITY
01.2008
Senior School Certificate Examination - undefined
CHRIST THE KING COLLEGE, UBULU-UKU
01.1998
Skills
SAP and ERP proficiency
Skilled in MS Office tools
Tailored HMS solutions
QuickBook Accounting
Cost benchmarking
Risk management
References
Available on request.
Timeline
Cost Controller
TOTALENERGIES E&P NIGERIA LIMITED
01.2022 - Current
Senior Internal Controller
LILY HOSPITALS LIMITED
02.2018 - 01.2022
Manager, Internal Audit
TRANSTELL GROUP OF COMPANIES
01.2016 - 01.2018
Head, Accounts & Finance
UNIBEN INTEGRATED ENTERPRISES LTD
01.2012 - 01.2016
Audit Senior
FEMI AJIJALA & CO (CHARTERED ACCOUNTANTS)
01.2011 - 01.2012
Mathematics Teacher
ARMY DAY SECONDARY SCHOOL
01.2010 - 01.2011
Associate Chartered Accountant (ACA) - undefined
Institute of Chartered Accountants of Nigeria (ICAN)
Senior School Certificate Examination - undefined
CHRIST THE KING COLLEGE, UBULU-UKU
B. Sc - Accounting
LADOKE AKINTOLA UNIVERSITY OF TECHNOLOGY, OGBOMOSO
B. Sc (Edu) - Accounting Education
UNIVERSITY OF BENIN, BENIN-CITY
CORE COMPETENCIES
- Financial accounting expertise
- Budget planning and budgetary controls
- Cost benchmarking
- Internal control management
- Financial analysis and forecasting
- Project cost management coordination
- Regulatory and policies compliance
- Effective communication
- Team Player