SAP FI
Olayemi Simeon Ibiwoye
Finance Professional
Lagos,LA
Work Preference
Summary
Dynamic Finance Manager with a proven track record at Everllence Nigeria Limited, excelling in financial management and regulatory compliance. Enhanced internal controls and optimized cash flow, achieving significant cost savings through vendor negotiations. Adept at team collaboration and financial analysis, driving accurate reporting and informed decision-making.
Overview
12
12
years of professional experience
1
1
Certification
10
10
years of post-secondary education
Work History
Finance Manager
Everllence Nigeria Limited (MAN Energy Solutions)
04.2023 - Current
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Management of finance operations - vendors and customers management
- Management of Fixed Assets - Additions, retirement, and monthly depreciation run, and maintenance of Asset Register
- Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
- Executed vendor setup and payment, administration of bank accounts and account reconciliations.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Coordinated with external auditors to ensure smooth and compliant audit process each fiscal year.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Supported financial director with special projects and additional job duties.
- Develop and maintain policies and procedures for internal control activities, such as risk assessment, control testing, audit support, compliance monitoring, and reporting
- Preparation of the Monthly, Quarterly, and annual Management account for Nigeria
Senior Accountant
54gene
09.2020 - 03.2023
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Updated general ledger with latest entries.
- Completed year-end closing processes with controllers and external auditors.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.
- Improved cash flow management by implementing stricter credit policies.
- Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
- Reduced errors in financial statements through stringent review procedures and regular reconciliation of accounts.
- Contributed to hiring, training and development of accounting teams.
- Maintained accurate depreciation schedules for fixed assets, coordinating with asset managers for timely recording of acquisitions or disposals.
- Successfully managed multiple high-stakes projects concurrently, consistently meeting deadlines while maintaining exceptional attention to detail and quality control.
- Established strong relationships with vendors to negotiate favorable payment terms that improved working capital management.
- Streamlined financial reporting with new accounting software and automated tasks.
- Spearheaded a team of junior accountants, providing mentorship and guidance to improve efficiency and accuracy in their work.
- Assisted team members in transitioning to new system through extensive training and one-on-one support.
- Strengthened internal controls by reviewing processes, identifying gaps, and proposing improvements to safeguard against fraud or mismanagement of funds.
- Assisted in successful completion of external audits by preparing comprehensive documentation and supporting evidence.
- Preparation of the Monthly, Quarterly, and annual Management account for Nigeria, Kenya, Tanzania, and Senegal entities(ensures compliance with IFRSs)·
- Supervises the treasury operations of the entities.
Finance Supervisor
Bell Oil & Gas
03.2020 - 08.2020
- Streamlined month-end closing procedures, reducing time spent on reconciliations and ensuring timely financial statement preparation.
- Managed a high-performing finance team, fostering a culture of continuous improvement and professional development opportunities for staff members.
- Improved financial reporting accuracy by streamlining data collection processes and implementing stringent review procedures.
- Assisted in the successful completion of external audits by providing comprehensive documentation and addressing auditor inquiries efficiently.
- Assisted in financial, environmental, and legal due diligence.
- Assisted the development of Finance SOPs.
- Oversaw accounts payable/receivable functions, managing cash flow effectively to optimize working capital utilization rates while maintaining strong vendor relations through prompt payment processing.
- Collaborated with cross-functional teams on strategic planning initiatives, ensuring alignment with overall corporate objectives from a financial perspective.
- Ensured compliance with regulatory requirements by staying current on industry standards and implementing necessary changes to internal policies promptly upon discovery.
- Conducted financial due diligence on potential investments and acquisitions.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
Senior Finance Officer
Bell Oil & Gas
05.2017 - 02.2020
- Mentored junior finance staff members, fostering a culture of continuous learning within the department.
- Improved financial reporting accuracy by streamlining accounting processes and implementing robust internal controls.
- Oversaw accounts payable and receivable to track income and expenditures, drive statutory compliance and provide quantitative financial information.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Reconciliation of key vendor accounts·
- Ensure accurate loan schedules are maintained and agree to the GL·
- Ensure all loans are tracked, exist in SAP, and have evidence of interest re-computation with bank charges available monthly·
- Weekly cash projection· Monitors daily treasury position of the company·
- Source for FOREX· Ensure domiciliary account balances are translated at the NAFEX closing rate every month.
- Monthly Bank reconciliation·
- Provisions for accruals, PAYE, VAT, and WHT on SAP·
Confirm that all bank balances are within allowed BOG limits· - Ensure own roles in the finance manual are updated and agree with actual practice
Financial Accountant
NASD PLC
07.2014 - 04.2017
- Improved cash flow management with timely invoicing and efficient collections practices.
- Managed relationships with external auditors effectively ensuring positive outcomes during annual audits.
- Input financial data and produced reports using Sage.
- Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
- Maintenance of general ledgers·
- Preparation of monthly Financial Statements in line with IFRS standard·
- Daily computation of Income realized from daily trades on NASD-OTC Exchange· Regular monitoring of Banks accounts and monthly reconciliation of the accounts·
- Rendition of statutory returns timely (PAYE, VAT, WHT, etc.)·
- Daily documentation of financial and treasury transactions· Maintenance of accounts receivable, accounts payable, and fixed assets registers·
- Regular reconciliation of Financial Position (Balance Sheet) balances to ensure accuracy·
- Assist in the budgeting process and final data entry into the finance system·
- Ensuring that all financial reporting and disclosures are accurate and completed in accordance with International Financial Reporting Standards (IFRS)·
- Prepare tax computations and returns·
- Drafting and recommending financial reporting/disclosure, and internal control policies
- Attends to Auditors' queries
Education
MBA - Accounting And Finance
Miva Open University
Abuja 05.2025 - Current
Bachelor of Science - Economics
University of Lagos
Lagos, Nigeria 05.2012 - 11.2016
Bachelor of Science - Applied Accounting
Oxford Brookes University
Oxfordshire 09.2009 - 03.2014
Skills
Financial management
Budget forecasting
Financial analysis
Regulatory compliance
Project finance
Internal controls
Verbal and written communication
Business partnering
Team collaboration
Attention to detail
Willing to learn
Adaptability
Accomplishments
- Led implementation of Microsoft business central 360 to streamline operation and increase efficiency at MAN Energy Solutions.
- Saved over N60m tax liability at NASD PLC.
- Streamlined payment process at the Bell Oil and Gas Limited, and 54 Gene Limited thereby creating more time for the team to handle more important roles, and also increased discipline within the team.
Affiliations
- The Association of Chartered Certified Accountant (ACCA)
Software
Microsoft 360 Business Central
Sage
Certification
ACCA
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
swipe to browse
Languages
English
Upper intermediate (B2)
Timeline
MBA - Accounting And Finance
Miva Open University
05.2025 - Current
Finance Manager
Everllence Nigeria Limited (MAN Energy Solutions)
04.2023 - Current
Senior Accountant
54gene
09.2020 - 03.2023
Finance Supervisor
Bell Oil & Gas
03.2020 - 08.2020
Senior Finance Officer
Bell Oil & Gas
05.2017 - 02.2020
ACCA
09-2016
Financial Accountant
NASD PLC
07.2014 - 04.2017
Bachelor of Science - Economics
University of Lagos
05.2012 - 11.2016
Bachelor of Science - Applied Accounting
Oxford Brookes University
09.2009 - 03.2014