Funmilola Ogunmekan

Managed the Finance, Supply Chain and Admin functions across the Four Nigerian entities - Accugas, Savannah Energy Uquo, Universal Energy resources Ltd and Savannah Energy Stubb Creek Ltd by providing direction for efficiency, growth and increased performance.

• Managed financial operations, streamlining processes for improved efficiency.
• Conducted thorough market analyses, identifying lucrative investment opportunities.
• Fostered cross-departmental collaborations for comprehensive fiscal management.
• Streamlined financial reporting procedures; timely availability of critical data.
• Drove cost reduction initiatives through innovative process improvements and reduced unnecessary expenditures boosting overall profitability.
• Ensured compliance with all regulatory requirements.
• Innovated investment strategies to maximise return on assets.
• Led Company's financial and strategic planning for sustainable growth
• Achieved operational efficiency and excellence through meticulous financial oversight and overseeing finance team's daily activities.
• Developed comprehensive financial models for informed business decisions.
• Provided strategic leadership during corporate restructuring efforts, steering towards success.
• Retained constant awareness of company financial position and preempted problems.
• Supported and provided advice and mentoring to staff to maximise their productivity and skillset.
• Prepared timely and detailed reports on financial performance on quarterly and annual basis.
• Directed budgeting and forecasting activities to align financial goals with organisational objectives.
• Managed cash flow and liquidity, mitigating financial risks and ensuring stability.
• Strengthened revenue streams via insightful market trend analysis.
• Managed complex budgets for optimal resource allocation.
• Conducted regular performance reviews of finance team members, fostering a high-performing department.
• Championed sustainability initiatives within the supply chain operations.
• Developed SupplyChain policies and procedures across the entities to achieve best practice.
• Led cross functional teams to drive Supply Chain optimisation initiatives.

• Restructuring existing syndicated debt across the Nigerian entities with multifunctional banks;
• Manage liquidity, working capital and cash requirements in line with agreed group forecast;
• Monitor and report on liquidity performance against plan;
• Responsible for timely reporting to Head Office in line with group reporting requirements and deadlines;
• Establish and manage relationships with local banks, financiers, partners and other relevant service providers;
• Manage local bank accounts use and operation to ensure appropriate controls in place;
• Monitor of local debt/bonding facilities and associated reporting requirements to ensure full compliance;
• Challenge the status quo and look for continuous improvements in processes/controls and treasury function;
• Awareness of risks that could impact on liquidity and working capital needs for the local business and apply creative thinking to manage and minimise these risks;
• Manage projects as required and in support of the wider Group agenda
• Drove change initiatives within finance department, promoting operational excellence.
• Presented detailed financial reports to board members, aiding strategic decision-making.
• Managed resources to yield high Return On Investment (ROI), raising cost-effectiveness.

Relationship and Portfolio management of Top Multinational and Independent Oil & Gas companies. Key responsibilities include:

• Develop and implement strategies to ensure effective growth and development of the bank’s share of wallet of the existing clients.
• Develop and implement strategies for converting prospects and new clients to ENG Bank relationships.
• Establish and develop financial strategies for each client by evaluating trends, determining production, productivity, sales and resolving problems.
• Monitoring financial performance by measuring and analyzing results and initiating corrective plans.
• Ensure the oil & Gas Sector’s PBT; Risk Asset & Liability budgets respectively are met and also approved cost budgets are not exceeded.
• Identify and develop areas of profitability and mitigate risks.
• Identify business opportunities through carefully researched business/industry and project analysis.
• Budget presentation to Board of Directors and bank management.
• Perform competitive analysis, bench marking studies.
• Development of new business relationships in targeted business.
• Monitoring credit quality of portfolio and developing and implementing marketing strategy.
• Responsible for handling all trade finance and international trade transaction.
• Responsible for developing revenue growth through generation of loans, deposits, cross selling all applicable bank services to existing customer base.
• Manage and develop a portfolio of commercial relationships and ensure retention of total client assets and net growth in relationships.
• Restructuring and recovery of Deliquent loans

Worked in both the Strategy and Planning unit and also the commercial unit responsible for the management and alignment of strategic initiatives, and coordinating the business planning direction of the marketing arm of the company. Also in the commercial unit of the company to drive sales, performance and decision-making. Responsibilities include:

· Delivery of business change initiatives.

· Provide detailed project objectives, business needs analysis, risk analysis, and cost benefit analysis on key projects.

· Supervision of strategic and business planning to ensure delivery and execution of company’s objectives.

· Monitor and direct the implementation of strategic business plans and develop performance measures that support the company’s strategic direction.

· Responsible for the Monitoring of key performance indictors and industry volumes performance across all other major oil and gas companies to ensure company goals are achieved.

· Assist in formulating the company’s future direction and support tactical activities.

· Responsible for generating monthly business and operations competition reports for management purposes.

· Provide economic analysis to commercial activities.

· Complete economic evaluations for submission into the business plan.

· Business process improvement and re-engineering.

· Provide feasibility studies, benchmarking reports/studies, competitive analysis reports, and business requirements.

· Facilitating strategic workshops to establish targets and business objectives

· Co-coordinating Financial Year Budget to align with company’s 3-5 year strategic plan

· Identification of key profit and revenue drivers to drive performance reporting and monitoring.

· Provide analytical support to commercial activities such as bid rounds and commercial negotiations.

· Drive improved sales and financial performance through financial analysis and ongoing reporting with clear outputs to facilitate decision-making.

Managing the financial analysis function to drive performance to support the company’s strategic direction. Key responsibilities include:

· Finance and project analysis for Crude exports and Petroleum products imports. Duties involve negotiating contracts with end users for products exported including ensuring contract sale price and terms of contract are optimal.

· Providing financial related support for all trading activities.

· Managing all financial transaction correspondence and data for trading activities.

· Financial analysis on offshore domiciliation accounts.

· Assist in monitoring financial performance by measuring and analyzing results.

· Profit and Loss analysis of all petroleum products imports and crude exports.

· Responsible for all imports and exports Tenders and Bids

· Responsible for monitoring all trading documentation and transactions and ensuring quarterly reconciliation. I.e. Crude contract with Ghana, Ivory Coast and Petroleum products with NNPC/PPMC.

· Cross functional responsibilities includes monitoring finance areas of the subsidiary companies, registration, and safe keeping of all company documents.

· Liaising with offshore trading office in Geneva and company accounting analysis.

· Provide comprehensive and confidential support in an effective and efficient manner to all directors

· To maintain an efficient operation of each director’s office.

· Have an in depth knowledge of all trading/operations activities to ensure a smooth running in their absence.