Oladimeji Olusegun Idowu
Lagos Island
Summary
Dynamic finance leader with a proven track record at Opticom Finance Limited, excelling in financial analysis and risk management. Spearheaded initiatives that improved regulatory ratings and enhanced operational efficiency. Adept at strategic planning and fostering collaboration, driving significant growth while ensuring compliance and optimizing financial performance.
Overview
18
18
years of professional experience
Work History
Head of Finance & Admin/COO
Opticom Finance Limited
09.2023 - Current
- Oversee the achievement of the company's strategic financial objectives budget.
- Collaborated with cross-functional teams to align financial goals with corporate strategy.
- Supervise and manage the finance department staff, risk management, and the IT department.
- Motivate and lead the operation team members by clarifying roles and providing helpful feedback.
- Manage and ensure timely rendition of regulatory returns, reports, and filings.
- Suggest updates and improvements for accounting systems, risk assets management, and operational efficiency.
- Collaborated with the Board and heads of departments to align corporate goals.
- Manage relationships with regulatory agencies like CBN, FRCN, LIRS, FIRS, ITF, NSITF, Finance House Association, etc.
- Collaborate with auditing services to ensure proper compliance with all regulations.
- Develop budgets and financial plans for the company based on research, organizational goals, and risk appetite.
- Review all financial plans and budgets regularly to look for cost-reduction opportunities.
- Ensured accuracy and timeliness of financial reports and data entries.
- Oversee & supervise the financial & management accounting functions.
- Monitoring and measuring business performance, analyzing and interpreting business results.
- Advising on and ensuring financial policies are enforced.
- Track and Communicate Shareholder Value.
- Statutory and regulatory financial reporting to regulators, shareholders, and other third parties.
- Constantly review the economic and business landscape of the company.
- Financial planning, including Treasury Management and Capital allocation/planning for growth initiatives.
- Participated in key decisions as a member of the executive management team.
- Monitor cashflow position as well as cash forecasts.
- Ensure the Budget performance and achievement of financial objectives.
- Oversaw risk management strategies to protect company assets effectively.
- Reviewed contracts and agreements to ensure they are financially viable before signing off on them.
- Presented board meetings with up-to-date financial information, enabling informed decision-making.
Head, Risk Management
Opticom Finance Limited
09.2019 - 09.2023
- Oversaw enterprise risk management for the company.
- Improved the regulatory composite risk rating from "Below Average" to "Moderate" within three years.
- Collaborated with management to identify risks, test controls, and enhance processes for improved risk mitigation.
- Prepare quarterly Credit and Risk Reports for the Board of Directors.
- Led insurance negotiations, selected brokers or carriers, and placed coverage to optimize risk management.
- Maintained quality of the risk assets portfolio and kept PAR below the maximum allowed.
- Presented audit findings, risks, and recommendations to the Board of Directors.
- Reported internal control issues to management and provided recommendations to mitigate associated risks.
- Updated and organized the risk register to ensure accurate tracking of potential risks.
- Establish procedures for custody and control of assets, records, loan collateral, and securities to ensure safekeeping.
- Evaluate financial reporting systems, accounting or collection procedures, or investment activities and make recommendations for changes to procedures, operating systems, budgets, or other financial control functions.
- Meeting with SME clients to identify and assess business controls, risks, and process gaps and workflow to determine their eligibility for credit facilities.
- Reconciling loan reports, margin reports, and loan repayment settlements to reach in-house goals and objectives.
Head Credit and Risk Management
Personal Trust Microfinance Bank Ltd.
04.2017 - 11.2018
- Developed and maintained a robust credit policy that aligned with the organization's objectives.
- Prepared quarterly credit and risk reports for Board of Directors to inform strategic decision-making.
- Championed responsible lending among the sales team that improved the credit quality.
- Improved loan portfolio by reducing non-performing loans to the examiner's limit.
- Evaluated customer loan applications to recommend approvals and denials, ensuring alignment with credit policy.
- Assisted management in identifying risks, testing controls, and improving processes to enhance overall risk management.
- Conducted meetings with SME clients to identify and assess business controls and risks.
- Reporting internal control issues to management and supplying comprehensive recommendations to mitigate the associated risks.
Head Internal Control
Personal Trust Microfinance Bank Ltd.
12.2016 - 03.2017
- Enhanced internal control flow, reduced and prevented cash suppression and fraud.
- Reported internal control issues to management and provided actionable recommendations to address identified lapses.
- Maintained integrity of the general ledger, including the chart of accounts.
- Prevented loss of funds caused by a general ledger application error.
- Collected and analyzed data for internal audits through interviews and financial research.
- Managed resources effectively to lower external audit fees.
Branch Manager
DavoDani Microfinance Bank
Ojota
05.2015 - 12.2016
- Launched new branch, establishing and expanding client base.
- Implemented marketing strategies that resulted in 20% customer base growth within 3 months.
- Oversaw the overall profitability of the branch.
- Collaborated with Managing Director to drive bank turnover growth.
- Negotiated deals and rates with clients on behalf of the bank.
- Assessed clients' needs and provided advisory services.
- Identified and pursued key profit accumulators in line with the bank's business model.
- Contributed to the Asset and Liability Committee's discussions and decisions.
Business Dev. /Senior Project Implementation Officer
AppZone Ltd
Yaba
01.2011 - 01.2015
- Supported Chief Operating Officer with daily operational functions.
- Performed initial client assessment and analysis to begin the project implementation process.
- Configured systems and client products to enhance functionality and user experience.
- Mapped general ledger structures, facilitated data migration, and ensured accurate reconciliation.
- Backlog posting of transactions, Conducted Staff Training from time to time.
Semi-Senior Auditor
S.S Afemikhe & Co.
Surulere
06.2008 - 02.2009
- Conducted thorough audits to assess financial compliance and accuracy.
- Evaluated internal controls and identified areas for improvement.
- Conducted value for money audits and contributed to corporate turnaround strategies.
- Prepared detailed audit reports for management review and decision-making.
- Collected and analyzed data for audits through interviews, financial research, and data downloads.
Education
Executive MBA -
Rome Business School Nigeria
Ikeja Lagos02-2026
Institute Of Chartered Accountants Of Nigeria-ICAN
01-2022
Association of Enterprise Risk Management Professionals
04-2021
Chartered Institute of Bankers of Nigeria-CIBN
06-2016
Proficiency Cert. In Management -
National Institute of Management (Chartered)
01-2008
Bsc - Accounting
Lagos State University
Ojo03-2006
Skills
- Financial Analysis
- Financial Modeling
- Financial planning skills
- Forecasting
- Statutory/Financial reporting
- GAAP compliance
- IFRS & Public accounts
- Financial Administration
- Accounting Management
- Enterprise Risk Management
- Risk Mitigation Strategies
- Collections/Account Receivable
- Accounts Reconciliation/analysis
- Credit control
- Cost integration
- Operations management
- Process Control & Improvement
- Computer/Microsoft/ERP
- Reporting leadership
- Management accounting
- Leadership
- Performance management
- Critical Thinking
- Public speaking
- Tax Management
- Tax Management
- Public speaking
Timeline
Head of Finance & Admin/COO
Opticom Finance Limited
09.2023 - Current
Head, Risk Management
Opticom Finance Limited
09.2019 - 09.2023
Head Credit and Risk Management
Personal Trust Microfinance Bank Ltd.
04.2017 - 11.2018
Head Internal Control
Personal Trust Microfinance Bank Ltd.
12.2016 - 03.2017
Branch Manager
DavoDani Microfinance Bank
05.2015 - 12.2016
Business Dev. /Senior Project Implementation Officer
AppZone Ltd
01.2011 - 01.2015
Semi-Senior Auditor
S.S Afemikhe & Co.
06.2008 - 02.2009
Executive MBA -
Rome Business School Nigeria
Institute Of Chartered Accountants Of Nigeria-ICAN
Association of Enterprise Risk Management Professionals
Chartered Institute of Bankers of Nigeria-CIBN
Proficiency Cert. In Management -
National Institute of Management (Chartered)
Bsc - Accounting
Lagos State University