Olanrewaju Abayomi

Leadership and Team Management

• Lead and mentor a team of management accountants, providing guidance and support to ensure high performance and professional development.
• Foster a collaborative and results-driven team environment, promoting continuous improvement and professional growth.
• Conduct regular performance reviews and provide feedback to team members, identifying training and development needs.
• Delegate tasks effectively, ensuring that team members are appropriately challenged and supported in their roles.
• Promote a positive work culture that values diversity, inclusion, and mutual respect.
Financial Reporting

• Oversee preparation of monthly, quarterly, and annual management accounts, ensuring accuracy and timeliness.
• Review and analyze financial statements, identifying trends, variances, and areas for improvement.
• Ensure that financial reports provide insightful analysis that supports strategic decision-making.
• Collaborate with other departments to gather and consolidate financial information, ensuring a comprehensive view of organization’s financial performance.
• Maintain a robust financial reporting framework that complies with internal policies and external regulations.

Budgeting and Forecasting

• Lead budgeting and forecasting processes, working closely with various departments to gather and consolidate information.
• Develop and implement budgeting methodologies that support strategic planning and resource allocation.
• Monitor actual performance against budgets and forecasts, providing variance analysis and recommendations for corrective actions.
• Identify key financial drivers and develop models to forecast future performance.
• Communicate budgeting and forecasting results to senior management, highlighting key insights and implications for organization.

Financial Analysis

• Conduct detailed financial analysis to support strategic decision-making.
• Identify trends, risks, and opportunities within financial data, providing actionable insights to senior management.
• Develop and implement financial models to support scenario analysis and strategic planning.
• Evaluate financial impact of proposed business initiatives, providing recommendations to support decision-making.
• Prepare and present financial analysis reports to senior management, ensuring clarity and understanding of key findings.

Compliance and Controls

• Ensure all financial activities comply with internal policies and external regulations.
• Maintain and improve internal control systems to safeguard organization’s assets and integrity of financial information.
• Conduct regular reviews of financial processes and controls, identifying areas for improvement and implementing best practices.
• Collaborate with internal and external auditors to ensure compliance with regulatory requirements.
• Develop and implement policies and procedures that promote financial accountability and transparency.

Process Improvement

• Identify areas for process improvements within Management Accounts Department.
• Implement best practices to enhance efficiency, accuracy, and timeliness of financial reporting.
• Develop and implement process improvement initiatives, leveraging technology and automation where appropriate.
• Monitor effectiveness of process improvements, making adjustments as necessary to achieve desired outcomes.
• Foster a culture of continuous improvement, encouraging team members to identify and implement process enhancements.

Stakeholder Management

• Collaborate with senior management and other departments to provide financial insights and support strategic initiatives.
• Serve as a key point of contact for external auditors and regulatory bodies, ensuring timely and accurate information exchange.
• Build and maintain strong relationships with internal stakeholders, ensuring alignment of financial goals and objectives.
• Communicate financial information effectively to non-financial stakeholders, ensuring understanding and engagement.
• Represent Management Accounts Department in cross-functional projects and initiatives, providing financial expertise and support.

Ad-Hoc Projects

• Lead or participate in special projects and initiatives as required, providing financial expertise and support.
• Develop project plans and timelines, ensuring timely and successful completion of project objectives.
• Collaborate with cross-functional teams to achieve project goals, providing financial analysis and insights.
• Monitor project progress, identifying and addressing issues and risks as when arise.
• Prepare and present project reports to senior management, highlighting key findings and recommendations

Compiled financial data for business forecasting and budgeting.

• Organised and carried out month-end, quarterly and year-end processes.
• Maintained integrity of general ledger, including chart of accounts.
• Analysed budgets and financial projections for accurate reporting of company performance.
• Financial Reporting
  
  

Audit Planning and Execution

• Develop Audit Plans: Create comprehensive audit plans focused on financial reporting, ensuring the effective use of audit resources. Collaborate with senior management to identify priority areas for audit.
• Conduct Financial Audits: Lead the execution of financial audits across EKEDC, assessing the accuracy and integrity of financial statements. Ensure compliance with internal policies, industry standards, and regulatory requirements.
• Utilize Data Analytics: Employ data analytics tools and techniques to detect trends, anomalies, and areas of concern within financial data. Use these insights to inform audit strategies and recommendations.

Financial Reporting Assurance

• Review Financial Statements: Conduct thorough reviews of financial statements, including balance sheets, income statements, and cash flow statements, to ensure accuracy and compliance. Identify and address discrepancies or irregularities.
• Assess Internal Controls: Evaluate the effectiveness of internal controls related to financial reporting, identifying areas for improvement. Ensure that controls are robust and mitigate risks effectively.
• Provide Strategic Recommendations: Based on audit findings, provide actionable recommendations to senior management to enhance financial reporting practices. Ensure that these recommendations are practical and aligned with the company’s strategic goals.

Compliance and Reporting

• Ensure Regulatory Compliance: Ensure that financial reporting practices comply with relevant laws, regulations, and industry standards. Stay updated on changes in financial reporting regulations and adjust audit plans accordingly.
• Prepare Audit Reports: Document audit findings, recommendations, and corrective actions in clear and concise audit reports. Present these reports to senior management and the audit committee, highlighting key insights and areas for improvement.
• Follow-Up on Audit Recommendations: Monitor the implementation of audit recommendations to ensure that corrective actions are taken. Provide ongoing support and guidance to address any issues that arise during implementation.

Stakeholder Management

• Collaborate with Internal Stakeholders: Work closely with other departments, including finance, operations, and compliance, to gather and consolidate financial information. Ensure open and transparent communication to support comprehensive and accurate financial reporting.
• Liaise with External Auditors: Serve as the primary point of contact for external auditors, such as PwC, facilitating their review of financial statements and controls. Ensure timely and accurate information exchange and address any issues or concerns raised by external auditors.
• Represent the Audit Function: Represent the audit function in cross-functional projects and initiatives, providing financial reporting expertise and support. Ensure that audit perspectives are considered in strategic decision-making processes.

Process Improvement

• Identify Process Improvements: Continuously identify opportunities for improving financial reporting processes. Leverage best practices and emerging technologies to enhance efficiency, accuracy, and timeliness.
• Implement Best Practices: Develop and implement process improvement initiatives, ensuring that financial reporting practices are aligned with industry standards and regulatory requirements. Monitor the effectiveness of these initiatives and make adjustments as necessary.
• Promote a Culture of Continuous Improvement: Encourage team members to identify and implement process enhancements. Foster a culture of innovation and continuous improvement within the audit team and the broader organization

• Drew up annual Internal Audit Plan based on key risks and strategies.
• Installed internal controls and set up standard procedures for business accounting systems.
• Verified implementation of controls through testing and interacting with relevant company staff.
• Shaped internal audit strategy and methodology to meet company goals.

• Prepared monthly reports, account reconciliations and financial statements.
• Oversaw company accounts, bank reconciliations and payments.
• Managed assigned accounts and monitored payment status to reduce past-due payments.
• Promptly processed manual payments, ensuring correct approvals by relevant managers to minimise delays.

As an Educator at King's College Enterprise, I focus on teaching and mentoring students to enhance their understanding of financial principles and practices. I design and deliver educational programs that aim to improve the financial literacy of students. My responsibilities include developing relevant curricula, conducting lectures and workshops, and providing individual guidance to students. I also promote the sharing of best practices and practical knowledge, helping students apply theoretical concepts to real-world scenarios.

• Planned lessons according to national standards to cover all requirements and prepare for standardised tests.
• Designed learning plans tailored to individual needs.
• Encouraged intellectual curiosity and exploration of new concepts to inspire student engagement.
• Taught students important points to prepare for examinations and assessments.

• Managed payroll operations for team of employees.
• Organised and carried out month-end, quarterly and year-end processes.

• Drew up annual Internal Audit Plan based on key risks and strategies.
• Installed internal controls and set up standard procedures for business accounting systems.
• Verified implementation of controls through testing and interacting with relevant company staff.
• Shaped internal audit strategy and methodology to meet company goals.

• Planned lessons according to national standards to cover all requirements and prepare for standardised tests.
• Designed learning plans tailored to individual needs.
• Encouraged intellectual curiosity and exploration of new concepts to inspire student engagement.
• Taught students important points to prepare for examinations and assessments.