Olubusayo Abiola Adefowokan
Assistant Finance Manager
Ipaja
Summary
Proactive Finance Mannager with strong background in financial analysis, budgeting and forecasting. Develops and implements financial plans and delivers strategic financial advice.
Overview
12
12
years of professional experience
Work History
Asst. Finance Manager
NPF Microfinance Bank Plc.
8 2022 - Current
- Preparation of Monthly, quarterly and annual financial statements in accordance with regulatory standards
- Analysis and interpretation of periodic financial reports for Management decision making
- Prepare the monthly and annual budget performance reports
- Income Expense trend mapping to guide the bank in attaining its financial goals
- Management of the Bank’s Leases Right of Use Accounting
- Maintenance of the Bank’s Fixed Assets Register
Risk Management Officer
NPF Microfinance Bank Plc.
02.2019 - 07.2022
- Monitoring, Collation and Escalation of Risks and Incidences off branches
- Preparation of Weekly Asset and Liability Committee reports (ALCO) for Management decision making
- Administration of the ALCO secretariat
Card Reconciliation Officer
NPF Microfinance Bank Plc.
11.2017 - 01.2019
- ATM cards (Debit & Credit) monthly reconciliation to corresponding Bank postings
- Customers ATM & POS Dispute management
- Tracking and maintaining POS Merchants complete list and daily transactions
- Identify potential POS customers for terminal assignment
Head of Operations
NPF Microfinance Bank Plc.
06.2014 - 10.2017
- Supervision of Customer Service & E-business operations
- Funds transfer processing, interbank cheque postings and return cheque processing
- Salary posting, Admin income processing and salary report rendition
- Custody Maintenance and report rendition on Vault, Cheque book and loan collateral and securities
- General Ledger reconciliations
- Account opening processing
- Maintenance of branch Store & Stationeries
Accountant
BW Offshore Nigeria
07.2013 - 12.2013
- Register incoming invoices into Accounting System and checking for Errors
- Bank Reconciliation and preparation of Monthly Trial Balance
- Responsible for payment functions including Payroll, Taxes, Pension and invoices
- Maintaining the Ledger accounts on Sage Accounting System
- Maintaining the accounts spreadsheet on Excel for Monthly analysis of expenses
- Responsible for the ‘Safe’ for keeping Cash-in-hand, cheque book and other valuables
- Liaising with Suppliers on payment queries
- Liaising with Bank regarding transfers, cheque payments and any related dealings
- Preparing Monthly intercompany accrual schedule
- Preparing of Monthly WHT schedule and ensuring remittances are made to the relevant tax authorities
- Preparing of monthly VAT schedule and ensuring remittances and fillings are made to the Federal Inland Revenue Services
- Preparation of Cash flow projection for Funds request
- Ensuring payments are made to suppliers/vendors as t when due ( via internet Banking and raising of Cheques)
- Re affirmation & Verification of invoices to ensure figures are accurately captured
- Ensure that all expense claims are supported by appropriate documentation and authorised signatory
Assistant Accountant
Vancouver plus Nig. Ltd
08.2012 - 06.2013
- Ensure daily Cash and Cheque lodgements
- Monthly reconciliation of Petty Cashbook to cash floats
- Assist in monthly Bank reconciliation and investigations
- Ensure that all expense claims are supported by appropriate documentation and authorised signatory
- Preparation and monitoring of Debtor’s Schedule to ensure repayments within normal credit period
Accounts officer, Senior Executive
Sterling Bank Plc.
09.2007 - 05.2012
- Marketing and Relationship management
- Application of loan repayment monitoring strategies
- Initiation, monitoring and rollover of customers’ investments
- Daily tracking of the branch’s balance sheet for effective monitoring of profitability
- Monthly reporting of Risk Asset portfolio and recovery action on defaulting customers
- Preparation of Monthly Performance Report and future projections of the Branch
Audit Staff
J.K Randle & Co
07.2005 - 08.2007
- Mergers and Acquisition of Commercial Banks and Insurance Companies
- Creating consumer risk assets
- Render accounting and statutory audit service on the financial statements of clients
Class Teacher
02.2003 - 06.2005
Education
B Sc. - Zoology
University of Ibadan
01.1997 - 01.2001
Skills
Financial Reporting
Financial Analysis
Budgeting, Forecasting and Variance Analysis
Proficient in MS Excel and Power point
Knowledge of Accounting Package- Sage Line 50
Attentive to details
Team Management
Leadership positions
- Financial Secretary, NPF MFB Staff Multipurpose Cooperative Society, 2023, Present
- Secretary, NPF MFB Asset and Liability Management Committee (ALCO), 2020, 2022
- Secretary, NPF MFB Special Income assurance committee, 2021, 2021
Professional Qualifications
.IFRS Diploma (ACCA-In-View)
Associate Member (ICAN-ACA)
Associate Member (CIBN-MCIB)
Selected training and seminars
- Enterprise Risk Management Overview, MLDC, 02/12/19
- Financial Reporting Capacity Development, GODP, 09/16/19
- ERM workshop on Surmounting Regulatory Challenges, Resort Consult, 02/25/20
- General Knowledge of IFRS 9, FinTrak, 11/08/21
Personal Information
- Place of Birth: Ogun State
- Date of Birth: 06/28/79
- Gender: Female
- Nationality: Nigerian
- Marital Status: Married
References
To be provided on request
Timeline
Risk Management Officer
NPF Microfinance Bank Plc.
02.2019 - 07.2022
Card Reconciliation Officer
NPF Microfinance Bank Plc.
11.2017 - 01.2019
Head of Operations
NPF Microfinance Bank Plc.
06.2014 - 10.2017
Accountant
BW Offshore Nigeria
07.2013 - 12.2013
Assistant Accountant
Vancouver plus Nig. Ltd
08.2012 - 06.2013
Accounts officer, Senior Executive
Sterling Bank Plc.
09.2007 - 05.2012
Audit Staff
J.K Randle & Co
07.2005 - 08.2007
Class Teacher
02.2003 - 06.2005
B Sc. - Zoology
University of Ibadan
01.1997 - 01.2001
Asst. Finance Manager
NPF Microfinance Bank Plc.
8 2022 - Current