Olusegun OLUGBILE
Finance And Account
Mowe, Ogun State
Summary
Business-minded Finance Manager promoting more than twenty (20) years of expertise overseeing transactions and reconciling monthly financial reports. Highly collaborative individual with track record of effectively training and coaching staff members. Offering confidence, team contribution and decision making skills.
Overview
28
28
years of professional experience
2011
2011
years of post-secondary education
2
2
Certificates
Work History
Finance and Accounts Manager
Crestech Engineering Limited
01.2017 - Current
- Developing strong relationships with key stakeholders, including banks, investors, and auditors to secure funding and maintain transparency.
- Structuring debt financing arrangements that optimized cash flow management while minimizing risk exposure.
- Optimizing working capital through careful inventory management and accounts receivable collection efforts.
- Analyzing complex financial data to identify trends and opportunities for growth or improvement within the organization.
- Coordinating tax planning strategies with external consultants to minimize tax liabilities and ensure regulatory compliance.
- Collaborating with department heads to develop annual budgets that aligned with strategic goals and objectives.
- Implementing internal controls to safeguard company assets and mitigate risks associated with fraud or error.
- Streamlining financial reporting by implementing efficient accounting systems and processes.
- Mentoring junior staff members in best practices for accounting procedures, fostering professional growth within the team.
- Improving financial forecasting accuracy by conducting regular reviews of budgets and actual performance data.
- Managing regulatory risk exposures to federal and state tax agencies including PENCOM, NSITF, ITF
- Ensuring compliance with all applicable tax and regulatory laws and obligations
- Managing Tax audits and investigation with the aim of minimizing tax exposures and liabilities
- Liaising with Tax consultants to ensure that the company’s overall interests are protected
- Ensuring monthly tax computations and remittances are prepared and duly filed in compliance with statutory dates
- Ensuring all staff are duly registered with PFAs and their pensions are remitted monthly
- Conducting thorough due diligence on potential investments or partnerships as part of the decision-making process.
- Overseeing the preparation of monthly financial statements, providing critical insights into business performance.
- Reducing operational costs by identifying areas for improvement in budget management and resource allocation.
- Negotiating favorable contract terms for the company, resulting in significant cost savings.
- Managing financial audits, ensuring compliance with regulations and maintaining accurate records for review.
- Preparing monthly reconciliation of bank accounts and took corrective actions on deviations.
- Processing invoices and contacted appropriate parties for timely payment receipt.
- Checking payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Preparing cash flow projections, cost analysis and monthly, quarterly and annual reports.
Chief Accountant
Crestech Engineering Limited
04.2010 - 12.2016
- Ensured compliance with all relevant policies and procedures of the company as related to all applicable statutes and regulatory directives
- Ensured compliance with the Nigerian Tax Laws and relevant international aspects
- Coordinated the preparation, remittance and filing of all tax related items of Value Added Tax (VAT); Pay As You Earn (PAYE); Withholding Tax WHT); and kept proper record, accounting and reported of same
- Ensured efficiency and effective supervision and management of: Accounts payable controls, Sales Invoicing, Accounts receivable controls and aging analysis, Payroll accounts validation, Payment by clients, Fixed asset recording, accounting, control and reporting, Quarterly Intercompany Reconciliation, Prepayment follow-up, General Ledger controls, All accounts bookings by the Accounts personnel
- Verified Monthly bank reconciliation report; Weekly bank position; Liaised with bankers; Carried out regular cash count and reconciliation
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Maintained accurate financial records by overseeing general ledger reconciliation efforts on a monthly basis.
- Set up and improved accounting systems and processes to meet business needs and maximize operational success.
- Assisted team members in transitioning to new system through extensive training and one-on-one support.
- Prepared monthly journal entries and reconciliations.
- Established strong relationships with external partners such as banks, auditors, and tax consultants to ensure smooth interactions and compliance.
- Collaborated with cross-functional teams to develop comprehensive pricing strategies that supported profitability targets while remaining competitive in the marketplace.
- Developed annual budgets in collaboration with senior management, aligning resources with company objectives.
Senior Accountant
Crestech Engineering Limited
03.2008 - 04.2010
- Monitored the adequacy of all Purchase Orders and compliance with payment schedules
- Rendered support in ensuring compliance with the relevant tax Laws and preparation, remittance and filing of all tax related items of Value Added Tax (VAT); Pay As You Earn (PAYE); Withholding Tax WHT); and kept proper record, accounting and reporting
- Maintained vendor register and payable records
- Prepared sales invoice monthly and kept proper record
- Prepared payments of vendors in accordance with payment terms
- Managed fixed asset recording, accounting, control and reporting
- Maintained quarterly intercompany reconciliation
- Prepared monthly bank reconciliation report; Weekly bank position
- Reconciled accounts and created documents for monthly closure procedures.
- Updated general ledger with latest entries.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.
- Improved cash flow management by implementing stricter credit policies.
- 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.
Accountant
Crestville Engineering and Technology Company Limited
05.2005 - 02.2008
- Prepared Bank reconciliation
- Collated and maintained personnel time sheets for invoicing
- Prepared staff payroll
- Computed statutory remittances – WHT, VAT & PAYE
- Identified significant tax savings opportunities by conducting in-depth research on applicable deductions and credits.
- Achieved compliance with all tax regulations by staying updated on changes and conducting thorough reviews of financial operations.
- Tracked funds, prepared deposits and reconciled accounts.
- Handled day-to-day accounting processes to drive financial accuracy.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Gathered financial information, prepared documents, and closed books.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Maintained accurate records of fixed assets, including acquisition costs, depreciation schedules, and current values for insurance purposes.
Cashier
Crestville Eng. & Tech. Co. Ltd
12.2003 - 04.2005
Audit Senior
Adebayo Farayola & Co (Chartered Accountants)
04.2003 - 11.2003
Cashbook Accountant
United Geophysical Nig. Ltd.
09.2002 - 03.2003
Audit Trainee
Adebayo Farayola & Co (Chartered Accountants)
06.1997 - 04.1999
Education
Bachelor of Science - Accounting
UNIVERSITY OF LAGOS
Lagos, Nigeria 04.2001 - 01.2011
HND - Accounting
Lagos State Polytechnic
Lagos, Nigeria11-2000
Skills
Microsoft NAV Dynamics
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Certification
FCA, Institute of Chartered Accountants of Nigeria
Timeline
Finance and Accounts Manager
Crestech Engineering Limited
01.2017 - Current
Chief Accountant
Crestech Engineering Limited
04.2010 - 12.2016
Senior Accountant
Crestech Engineering Limited
03.2008 - 04.2010
Accountant
Crestville Engineering and Technology Company Limited
05.2005 - 02.2008
Cashier
Crestville Eng. & Tech. Co. Ltd
12.2003 - 04.2005
Audit Senior
Adebayo Farayola & Co (Chartered Accountants)
04.2003 - 11.2003
Cashbook Accountant
United Geophysical Nig. Ltd.
09.2002 - 03.2003
Bachelor of Science - Accounting
UNIVERSITY OF LAGOS
04.2001 - 01.2011
Audit Trainee
Adebayo Farayola & Co (Chartered Accountants)
06.1997 - 04.1999
HND - Accounting
Lagos State Polytechnic
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