Olufemi Emmanuel PELUOLA
Senior Finance Management Executive
322 Road C Close Block 3 Flat 13 Festac Town
Summary
SENIOR FINANCE MANAGEMENT EXECUTIVE With comprehensive experience in: Finance & Accounting management, Organization Re-engineering, Corporate Strategy and Business Development, Cash Management, Reporting and Documentation, Planning and Scheduling, Budgeting, Insurance & Risk Management, Tax Management, Project and Office Management, Audit, Control & Regulatory Compliance, Staff Management, Business Analysis, Information Systems. Pro-active and result-oriented with broad experience in all aspects of accounting, financial and business management. Demonstrated hands-on management style in the development and implementation of strategic plans to ensure company growth. Solid planning and organization skills in coordinating all aspects of each project from inception through completion. Sees the big picture and plans appropriate strategies to achieve result. Well discipline with proving ability to manage multiple assignments efficiently under extreme pressure while meeting tight deadline schedules. Strong team builder and facilitator, fosters an atmosphere that encourages highly talented motivational staff to balance high-level skills with maximum productivity. Ascertain needs and goals, streamlines existing operations, turns around unprofitable function, envisions new concepts and future trends, and follows through with development, direction, and accomplishment. Effectively communicates direction, commits people to action, and conveys complex information in easily understood formats. Computer literate. Open to travel.
Overview
26
26
years of professional experience
10
10
years of post-secondary education
4
4
Certifications
1
1
Language
Work History
Financial Controller
CREDIT DIRECT LTD - FIRST CITY MONUMENT BANK GROUP PLC
Lagos
06.2008 - Current
- Developing, coordinating and maintaining an integrated system of financial support service including accounting and management of financial reporting
- Exercise effective control over the financial resources of the company
- Support the development of annual plans and implementation of policies, systems and procedures to support company strategic objectives
- Collate data and prepare data analysis to provide management and employers with the accurate information and reports for efficient planning and decision-making
- Support management of existing resources in the area of responsibility and Develop techniques for compliance with budget restriction
- Develop budget and budgetary control management system and generate report on variance between budget and actual for corrective action
- Assist in identification of new requirements aiming at efficiency, cost-effectiveness and timeliness of operations and services
- Provide financial assessment of employer, clients and other entities as needed, providing conclusions to management to enable them make informed decision
- Coordinating and synthesizing financial and management data to interpret the composite financial results of operation for the company
- Advising on the development, coordination and compliance with the approved policy, procedures and plans
- Analyzing, evaluating and reporting on plan accomplishment in financial terms
- Provide management with advice/guidance with regard to identification and mitigation of operational risks associated with the services and products
- Maintain contact and interact with external auditors, tax authorities and other financial consultants of the company
- Prepare management response to regulatory/audit observation and tracking resolution of identified issue
- Ensures that all requirements of regulatory establishments are met as when due.
Head of Account and Admin
EUROPEAN UNION PRIME PROJECT, Kwara State
01.2008 - 05.2008
- Assist in running of day to day administration of the project office
- Keep proper records of all the project equipment, furniture, and means of mobility, and other items
- Support the review of the accounting system at the State
- Assist in the preparation of Program Estimate Budget
- Prepare memos for disbursement of funds and ensure efficient fund disbursement
- Prepare monthly/quarterly report of both admin and financial transactions in the State
- Prepare monthly cash/bank movement
- Prepare monthly bank reconciliation
- Ensure that all retirements at the State are in accordance with established guideline
- Suggesting and initiating appropriate remedial actions in case of significant variance between PRIME administrative plans and activities/outputs
- Contributing to produce the monitoring framework for the PRIME
- Monitor, in collaboration with the State Program Coordinator the utilization of the PRIME support.
Manager Staff Account
NICON INSURANCE PLC
12.2006 - 12.2007
- Conceptualize, plan and direct the implementation of value adding payroll initiatives for the Company
- Research, develop and implement salary administration guidelines
- Oversee all processes involved in the preparation, payment of salaries ans allowances to staffs and temporary employees
- Oversee processing, remittance and reconciliation of all payroll related statutory liabilities (PAYE, ITF etc) in strict compliance with statutory requirements and NICON policies
- Research, propose and implement tax efficient policies and practices regarding salary administration and benefits in kind (BIK)
- Oversee pension deduction, remittance and reconciliation with Pension Fund administrator on behalf of staff
- Ensure staff receive statement of RSA showing payments, interest and net balance
- Ensure there is openness and transparency on statutory compliance levels and make adjustments to policies and procedures as required to eliminate the likelihood of non-compliance
- Oversee yearend tax returns process
- Approve all payroll related cheques and arrange for adequate funding in banks prior to payment of salaries within specified time frames
- Oversee the preparation of all payroll related reports
- Assist budget team with headcount budget planning and salary assumptions
- Oversee the implementation of bonus payments due to staff in line with company and individual performance
- Ensure prompt and effective resolution of all payroll related queries, claims and complaints
- Manage statutory audit processes and resolve all payroll related queries from tax authorities or other regulatory bodies
- Liaise with contractor, vendors and consultants as at when necessary.
Senior Manager/Head of Finance and Accounts
INVESTMENTS AND ALLIED ASSURANCE COMPANY PLC
Lagos
01.2006 - 11.2006
- Supervising and monitoring all financial matter and general accounts
- Ensure the successful implementation of all accounting, treasury and financial rules and regulations
- Maintain good financial management systems and processes
- Interpret, analyze and present financial and related information to facilitate understanding of options to resolve complex problems and take available opportunities
- Develop budget and budgetary control management system and generate report on variance between budget and actual
- Establish and monitor effective tax management system to ensure all obligations under tax legislations are met
- Provide revenue assurance by identify all sources, locations, and methods of revenue collection to proactively prevent leakages
- Ensure timely and accurate accounting and financial reporting
- Provide substantive assistance to the external auditor and other regulatory/supervisory inspectors necessary for the effective discharge of their functions
- Responsible for the effective and efficient management of the company’s investment portfolios
- Review financial operations within the entire organization and approve controls, processes and procedures that guarantee improved efficiency and productivity
- Ensure timely submission of statutory reports and returns to statutory/regulatory bodies such as NAICOM, CBN, etc.
Accounts Manager
THE LION OF AFRICA INSURANCE COMPANY LTD
Lagos
11.1997 - 12.2005
- Calculate and report on Net Asset Value for fund on a daily basis and provide report to management
- Calculate income and expenses accrual statement which are also known as profit/loss statement
- Prepare item specific accrual statement such as dividend/interest income worksheet other schedule
- Enter data related to transaction which need to be recorded in the system
- Compile portfolio cost also known as management-expense ratio
- Reconcile NAV analysis to fund general ledger/journal system
- Perform a variety of daily, monthly and periodic functions relating to accounting and record keeping
- Prepare cash reconciliation, research and resolve discrepancies
- Report cash availability to head of investment to ensure minimum idle cash
- Compile report regarding portfolio turnover and other relevant information used by management and regulatory documentation requirement
- Work with head of investment and other parties as required to provide accounting specific support and analysis
- Assist in pricing of fund
- Liaise with third party service provider with respect to various aspects of fund administration such as premium, redemption, distribution and payment of fund expenses
- Assist in the maintenance and improvement of systems application
- Coordinate with operation team to ensure data/methodology/procedures are in place to support products and fund analysis requirement
- Report any system issue to relevant group for process improvement
Education
Master - Business Administration Business Administration
University of Ado Ekiti
Ado-Ekiti, Nigeria 01.1999 - 10.2001
Bachelor of Science - Finance
Kwara State Polytechnic
Iloin, Nigeria 01.1994 - 05.1997
Higher National Diploma - Accountancy Upper
Kwara State Polytechnic
08.1990 - 09.1992
Ordinary National Diploma -
Kwara State Polytechnic
Ilorin, Nigeria 12.1987 - 05.1989
Skills
Computer Skillsundefined
Accomplishments
- Introduced accounting procedures and stronger financial controls to improve financial reporting by 20%.
- Reduced accounts receivable days to 30, resulting in increased year-over-year revenues of $50,000.
- Led team of 4 in managing accounting functions for a member of Holding Company
- Exceeded 2022 revenue goals by 35%.
- Cut total of past due accounts from 19% to 5%.
- Optimized workflow and reduced variances by recommending and introducing new accounting software.
- Exceed 2021 revenue goals by 25%.
- Supervised team of 12 staff members.
- Achieved nil regulatory sanction by completing Central Bank of Nigeria monthly returns with accuracy and efficiency.
- Documented and resolved weakness in operational processes which led to cost reductions.
Certification
[Fellow, Chartered Accountant (FCA)], [Institute of Chartered Accountants of Nigeria - [Current]
Timeline
[Fellow, Chartered Accountant (FCA)], [Institute of Chartered Accountants of Nigeria - [Current]
04-2012
Financial Controller
CREDIT DIRECT LTD - FIRST CITY MONUMENT BANK GROUP PLC
06.2008 - Current
Head of Account and Admin
EUROPEAN UNION PRIME PROJECT, Kwara State
01.2008 - 05.2008
Manager Staff Account
NICON INSURANCE PLC
12.2006 - 12.2007
Senior Manager/Head of Finance and Accounts
INVESTMENTS AND ALLIED ASSURANCE COMPANY PLC
01.2006 - 11.2006
Associate, Chartered Tax Institute (ACTI), Chartered Institute of Taxation of Nigeria - Current
04-2004
Associate, Institute of Chartered Accountants of Nigeria - Apr 2012
10-2000
Master - Business Administration Business Administration
University of Ado Ekiti
01.1999 - 10.2001
Accounts Manager
THE LION OF AFRICA INSURANCE COMPANY LTD
11.1997 - 12.2005
Qualified National Accountant (ANAN), Association of National Accountants of Nigeria - Current
09-1995
Bachelor of Science - Finance
Kwara State Polytechnic
01.1994 - 05.1997
Higher National Diploma - Accountancy Upper
Kwara State Polytechnic
08.1990 - 09.1992
Ordinary National Diploma -
Kwara State Polytechnic
12.1987 - 05.1989
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