At Oando Energy Resources Nigeria Limited, I excelled as a Senior Tax & Fiscal Analyst, mastering tax compliance and leveraging my leadership skills to drive team success. I spearheaded the NEITI audit process, enhancing internal controls and ensuring fiscal responsibilities were met, showcasing strategic thinking and a commitment to excellence.
Cash flow management
Some of the achievement on the job amongst many are:
· Provided and implemented sales and marketing strategy that resulting in over 175% increases in sales of pharmaceuticals over a period of two years in the North Eastern part of Nigeria.
· Reduced bad debt by 85% by analysing delinquent accounts and building life-long relationships with vendors that translated into them promptly and periodically paying off outstanding indebtedness in cause of managing assigned sales roles.
· Analyzed and reported variances in payroll as a result of internal audit carried out leading to the re-organization of the entire Remuneration and Benefits Unit of the Human Resources Division.
· Carried out audit assignments on the Vendor Management and Procurement Unit processes, thereby improving the transparency in vendor pre-qualification selection, discouraging single source selection process to a proper tender-based bidding process, and final award of contracts processes; ultimately resulting in the attainment of optimal delivery of service by properly qualified vendors.
· Provided annual filing of tax returns with the relevant revenue authority promptly as and when due, eliminating avoidable penalties that would have arose from late filing of tax returns. Attaining a rare commendation from the Federal Inland Revenue Service.
· Carried out activities on compliance with the provision of the Act on Internal Control over Financial Reporting, in the same manner involved in ensuring that the organization comply with the Sarbanes Oxley Act requirements.
· Carried out successfully tax audit reconciliation on the variances arising from the audit exercise with relevant State Revenue Services and arrived at a favourable position for the organization amounting to savings.
· Managed over 200 employees through the platform of the trade union, resolving weekly complaints from employees through strategic engagement with management, and ensuring continuous industrial harmony in the workplace for better productivity and reward of employees’ effort by management.
· Worked as a trainer (Part-time Lecturer) for professional students who were writing professional exams to qualify as Chartered Accountants.
· Regularly, involved in liaison activities with regulatory bodies notably the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), The Federal and State Revenue Authorities, and other government agencies, National Assembly on revenue matters, with proven records of timely compliance from the organization..
My publications among several others are:
· Utele, I. J. (2024). Exit-based contingency and organizational resilience of deposit money banks in South-south Nigeria. A Journal of Amuwo & District Society of the Institute of Chartered Accountants of Nigeria, Vol. 9, 43-54.
· Utele, I. J., Nnamdi, I. S., & Ifionu, E. P. (2024). Microcredits and economic growth in Nigeria: The Stepwise Regression Analysis Approach. International Journal of Business Management, Vol. 07(10), 01-17.
· Utele, I. J., Nnamdi, I. S., & Ogunbiyi, S. S. (2023). Microcredits and economic growth in Nigeria: The Stepwise Regression Analysis Approach. Nigerian Journal of Financial Research, Vol. 18(2), 168-180.
· Utele, I. J., Ifionu, E.P., & Ogunbiyi, S. S. (2022). Microfinancing and poverty alleviation: The Nigerian evidence. University of Port Harcourt Journal of Accounting and Business, Vol. 9(1), 122-134.
· Utele, I. J., Ifionu, E.P., & Ogunbiyi, S. S. (2022). Depreciating Naira and implication for economic growth in Nigeria.Reiko International Journal of Business and Finance, Vol. 14(1), 49-66.