Okwudili Ubosi
Lagos
Summary
Focused professional with proven expertise in strategic financial planning and leadership. Strong analytical skills complemented by effective communication and team collaboration. Committed to driving financial success and growth within organizations.
Overview
32
32
years of professional experience
1999
1999
years of post-secondary education
Work history
Finance Director
Megalectrics Limited
02.2011 - 11.2025
- Supervise the preparation of financial statements and reports for management
- Preparation and monitoring of the organization’s budget against actual performance
- Forecasting to guide management decision-making.
- Ensuring the company’s financial strategy is in line with the company’s goals.
- Evaluate and advise on investment opportunities/decisions.
- Identify financial risks and implement strategies to mitigate them.
- Ensuring that the company complies with financial regulations and standards.
- Establish and maintain internal controls to safeguard assets and ensure accuracy of records.
- Identify areas for cost reduction and efficiency improvements.
- Leading the finance team, providing guidance and support.
- Working with other departments to ensure financial alignment with organizational goals.
- Providing advice to the CEO and other management staff on financial matters.
- Providing financial insights to support business decisions and strategies.
- Built strong relationships external stakeholders/regulators such as FIRS, National Broadcasting Commission - NBC, bankers, Auditors etc
- Reviewed and updated existing finance-related procedures, promoted operational excellence.
- Managed comprehensive budgeting processes, improved overall organisational efficiency.
- Optimised use of financial software to expedite accounting tasks and improve accuracy.
- Directing all aspects of company's accounting functions, ensured regulatory compliance.
- Working closely with business units for understanding key financial issues, enabled targeted problem-solving.
- Improved processes which shortened financial reporting times by to hours instead of days or weeks in some cases
- Identified skill gaps and restructured finance team to ensure better results
- Led, trained and mentored a team of [Number] to exceed financial profitability targets by on average [Number]% per [Timeframe].
- Worked with our sales department to reconcile financial issues, such statement of account reconciliation with service providers such as advert agencies.
- Established financial policies and procedures, ensuring consistent efficiency, robustness and compliance to accounting policies.
- Directed budgeting and forecasting activities to align financial goals with organisational objectives.
- Identified areas for improvement and enhancements in financial processes and reporting mechanisms.
- Conducted variance analysis to identify discrepancies and implement corrective actions.
- Delivered regular management reporting and supervised monthly ad annual tax compliance
- Implemented cost-control measures, optimising expenditure within budgetary constraints.
- KPI Setting and monitoring
Business Manager, Ikota Branch
UBA PLC
02.2008 - 01.2011
- Relationship Management
- Prospecting for new customers
- Structuring & preparation of customer credit requests for approval
- Monitoring of approved/running credit facilities
- Quarterly review of existing credit facilities
- Preparation and presentation of branch budgets
- Grew Deposit liabilities from N250m to N1B
- Grew Risk Assets from N125m to over N1B
- Providing leadership to my team to achieve branch targets and provide excellent customer service
Resident Auditor (Corporate Business Office, VI, Lagos)
UBA PLC
Lagos
10.2003 - 01.2005
- Carrying out call over of daily transactions, and ensuring that all exceptions noted are regularised within a specific time frame
- Reviewing transactions in all areas of the branch operations (Western Union Money Transfer, Funds Transfer, Customer Service and Cash & Teller)
- Ensuring branch operations are carried out according to Bank operations policy
- Preliminary assessment of Short Term Overdrafts (STOs) and monitoring of STOs and highlighting past due accounts for follow up and regularisation by account officers
- Income reviews to ensure that all income earned by the bank has been duly taken
- Making suggestions on areas where processes can be improved to be more efficient
- Branch expense review and control
- Review of internal control system, highlighting weakness and making suggestions for improvement to management
- Carrying out investigations
- Review and proofing of GL Accounts
- Preparing bi-monthly reports
- Any other assignment as may be assigned to me from time to time
- Audit & Compliance Grp.
Senior Banking Officer Inspection Unit
NNB Plc
11.2000 - 10.2003
- Carrying out audits/inspections on branch operations
- Reviewing the branch/head office units GL reports and highlighting exceptions
- Carrying out audits/inspections on Head office departments
- Review of internal control system, highlighting weakness and making suggestions for improvement to management
- Carrying out investigations
- Drawing up inspection schedule for periods usually half yearly and monitoring achievement of plans for the entire inspection unit.
- Carrying out preliminary reviews of inspection reports
- Review and approval of Audit Planning Memorandum (APM) for all inspection teams
- Monitoring of inspection expenses against budget and highlighting overruns.
- Preparation of returns to CBN and other regulatory agencies
- Corporate & Risk Controls Group
- Adhoc Assignments
- Deposit Liability Verification
- Special Investigations
- Any other duty as may be assigned to me.
Auditor/Consultant/Manager Consulting
SIAO (Chartered Accountants)
01.1995 - 11.2000
- Liaising with our clients on issues affecting their jobs
- Designing/Review of work programs
- Organizing staff to meet deadlines and ensuring jobs are completed on schedule
- Review work done and making observations
- Writing of proposals
- Provision of services such as;
- Performing audits and the preparation of financial statements for service, Manufacturing, Trading and Financial Institutions. During our audits we carry out both compliance and substantive tests.
- Planning & Budgeting – Assisting our clients prepare their annual budgets and the monitoring of same. This involves preparing departmental budgets and consolidated budgets.
- Examining and evaluating the quality, adequacy and effectiveness of internal control procedures and policies in our clients businesses and giving advice.
- Provision of accountancy services to our clients. This involves updating and maintaining our client’s books of accounts up to final accounts.
- Development and implementation of Accounting Systems.
- Offering Business/financial advisory services such as
- Preparation of Loan/Lease proposals and cash flow statements
- Preparation of feasibility studies
- Re-organization and Restructuring of our clients businesses
- Due Diligence
- Investment advise and appraisal
Auditor (NYSC)
SIAO (Chartered Accountants)
01.1994 - 01.1995
- Performing audits tests on clients records
- Testing of Internal control systems for compliance, adequacy and effectiveness
- Writing up books of Accounts for clients
- Conducting and supervising stock taking exercises
- Assisting in the preparation of financial Statement for Service, Manufacturing, Trading and Financial Institutions.
Education
Fellow (FCA) -
Institute of Chartered Accountants of Nigeria
B.Sc. - Accounting
Obafemi Awolowo University
Ile IfeSenior School Certificate - undefined
Federal Government College
Ilorinundefined
Mary Land Convent Private School
Skills
- Knowledge of tax regulations
- Financial statement preparation & interpretation
- Statutory reporting
- Internal controls design
- Capital budgeting & expenditure control
- Cash flow forecasting & optimisation
- Risk Assessment & Mitigation
- Microsoft Proficiency
- Financial planning
Languages
English
Advanced
References
References available upon request.
Interests
Playing squash
Training Programs
- Some development programs attended include
- Competitive Strategy Building & Sustaining Competitive Advantage – Regenesys Business School
- Managing Teams for Peak Performance- Lagos Business School
- Executive Development Program Inspiring Innovation for Sustainable Superlative Results- TEXEM-
- Executive Leadership – Corporate Shepherds
Profile
- Date of Birth: May 7, 1972
- Sex: Male
- Address: 17C General Ogomudia Boulevard Lekki Phase 1, Lagos
- Telephone No: 08170471800, 07019999777
- Email Address: okwui@gmail.com
- Marital Status: Married
Timeline
Finance Director
Megalectrics Limited
02.2011 - 11.2025
Business Manager, Ikota Branch
UBA PLC
02.2008 - 01.2011
Resident Auditor (Corporate Business Office, VI, Lagos)
UBA PLC
10.2003 - 01.2005
Senior Banking Officer Inspection Unit
NNB Plc
11.2000 - 10.2003
Auditor/Consultant/Manager Consulting
SIAO (Chartered Accountants)
01.1995 - 11.2000
Auditor (NYSC)
SIAO (Chartered Accountants)
01.1994 - 01.1995
B.Sc. - Accounting
Obafemi Awolowo University
Senior School Certificate - undefined
Federal Government College
undefined
Mary Land Convent Private School
Fellow (FCA) -
Institute of Chartered Accountants of Nigeria