Summary
Overview
Work history
Education
Skills
Affiliations
Languages
Timeline
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OMOWUMI AKINOLA

OMOWUMI AKINOLA

Amuwo-odofin,Lagos

Summary

LinkedIn: PROFESSIONAL SUMMARY Detail-oriented Accountant with over 5 years of experience in preparing financial statements, managing budgets, and conducting financial analysis. My expertise in tax compliance, expense management, and cost accounting has resulted in accurate financial reporting and improved financial performance for my past employers. I am a quick learner and possess excellent communication skills, allowing me to effectively collaborate with team members and stakeholders. To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills.

Overview

6
6
years of professional experience

Work history

Assistant audit manager

Nosak Distilleries Limited
Amuwo-odofin, Nigeria
06.2023 - Current
  • Interpreted financial statements, account records and detailed numerical data to make accurate audit assessments.
  • Minimised risk by maintaining up to date knowledge on industry and regulatory changes impacting audit operations.
  • Applied auditing expertise and industry knowledge to consistently complete quality audits on schedule.
  • Supported senior auditor in creating audit objectives and project scope for progression towards audit targets.
  • Planned and executed accounting audits to validate records and systems for compliance with Generally Accepted Accounting Principles (GAAP).
  • Prepared comprehensive audit reports, facilitating accurate measurement of audit findings against set KPIs.
  • Handled diverse client portfolio work, establishing goals and supporting achievement to deadline.
  • Carried out thorough reviews of documents and completed accurate audit reports.
  • Compiled and organised extracted data for review and analyses.
  • Logged audit work, noted findings and compiled evidence of misdeeds.
  • Checked large and complex data sets to identify controls failures, fraud and concerning trends.
  • Conducted verification inspections to verify implementation of corrective actions and minimise risks of future audit failures.
  • Helped teams strengthen internal controls and departmental processes to bring errors to near-zero.
  • Evaluated receipts, reports and records to compare with assets and liabilities.
  • Stayed abreast with industry trends, technology and development.
  • Implemented substantive testing to identify material misstatements to prevent non- compliance losses.
  • Researched discrepancies and operational problems to stay up to date with guidelines.

Senior Finance Officer

LATC Marine
Port Harcourt, Nigeria
11.2019 - 05.2023
  • Identified and rectified errors and discrepancies through careful reviews, resolving 98% of problems with diligent attention to established controls
  • Issued purchase orders with an accuracy rate of 99.5%, ensuring smooth ERP Accounting operations
  • Carried out efficient audits based on preliminary reviews, achieving an average of 20% reduction in audit time, and outlined plans with a 95% success rate in implementation
  • Improved budgeting and forecasting accuracy by maintaining 99.8% precision in accounting records, contributing to a increase in overall fiscal stability through the introduction of new accounting controls
  • Assisted management with financial management strategies, resulting in a 25% reduction in tax liabilities and a 30% improvement in resource utilization
  • Conducted inspections of cash on hand, securities, and notes receivable and payable with 100% accuracy, ensuring records precision
  • Streamlined invoice and payroll processing, reducing processing time by 30%
  • Increased accuracy by conducting frequent account reviews and reconciliations, achieving a 99.9% accuracy rate in financial data.
  • Established credit control policies to increase year-on-year cashflow.
  • Oversaw accounting, payroll and financial reports to support daily functions.
  • Maximised year-end tax benefits by efficiently managing cash flows.
  • Provided financial consultancy support for robust company growth strategies.
  • Worked with executives to create annual budget and track actual expenses against projected expenses.
  • Formulated monthly variance reports for strategic budgeting and forecasting.
  • Prepared audit schedules, collaborating with external auditing to verify compliance with all regulations.

Account/Receivable Office

Datta Medical Centre
Harcourt
10.2018 - 11.2019
  • Processed invoices for Medical Services, handling an average of 150 invoices per day with an accuracy rate of 98%
  • Posted payments and reconciled accounts on a weekly basis, achieving a 100% matching rate between payments and invoices
  • Prepared hospital bills for clients with attention to detail, resulting in a 99% error-free billing process
  • Efficiently managed staff payroll, ensuring timely and accurate payment for 200+ employees, with no payroll-related delays or errors reported
  • Recorded, interpreted, and analyzed financial data in line with medical fee schedules, contributing to a 15% increase in revenue through optimized pricing strategies and cost analysis
  • Successfully maintained control of accounts and records, ensuring accuracy in disbursements, expenses, tax payments, and income, with a 99.5% error-free record-keeping rate
  • Implemented and managed various aspects of financial analysis, resulting in a 20% improvement in data accuracy and providing valuable insights for informed decision-making.

Audit Trainee

Larry Del Consult
Harcourt
01.2018 - 10.2018
  • Processed invoices and posted payments, successfully reconciling accounts with a 99% accuracy rate
  • Reconciled bank statements and clients' cash books, identifying and resolving discrepancies with 100% precision
  • Performed various accounting functions, including transaction reviews, accounts payable, accounts receivable, and billing, handling an average of 150 transactions per day
  • Reconciled general ledger accounts, reporting issues to management, and achieving a 98% resolution rate
  • Prepared annual financial statements for clients, ensuring compliance with accounting standards and delivering reports on time for 30+ clients
  • Identified and communicated audit issues, technical matters, and improvement opportunities with senior associates and managers, contributing to a 20% reduction in audit time
  • Prepared clear, concise, and accurate reports and correspondence, providing comprehensive and error-free documentation for internal and external use
  • Brought expenses in line with budget targets through improved tracking and trend monitoring, resulting in a 15% decrease in overspending.

Education

BSc - Accounting

Joseph Ayo Babalola University

Skills

  • Corporate Accounting
  • General Ledger GAAP
  • Standards SOX Compliance
  • Financial Reporting &
  • Analysis
  • Financial Statements
  • Forecasting & Projections
  • M&A
  • Due Diligence
  • Tax Preparation
  • Audit Reviews
  • Financial Research
  • State & Federal Tax Codes
  • Accounts Receivable
  • Billing & Collections
  • Invoice Statements
  • Financial Records &
  • Reporting
  • Deposit Verification
  • Spreadsheets & Journal
  • Entries
  • Transaction Processing
  • Bookkeeping GAAP
  • Standards
  • ERP, EDI & Financial System
  • Technologies
  • GAAP Accounting
  • Project Management
  • Compliance & Controls
  • Financial Statement Analysis
  • Risk Mitigation
  • Process Improvement
  • Client Relationship
  • Management
  • TECHNICAL SKILLS
  • QuickBooks
  • Xero
  • Microsoft Dynamics GP
  • Sage 50
  • Office 365
  • Microsoft Teams
  • Lean/Six/Sigma/Agile
  • Methodology
  • Regulatory compliance
  • Confident communicator
  • UK Generally Accepted Accounting Principles (GAAP)
  • Audit reporting
  • Compliance testing knowledge
  • Account reconciliation expert
  • ERP (Enterprise Resource Planning) software
  • Tax return filing

Affiliations

  • Data Analysis Power Query and Pivot tables- Udemy (In-view)
  • Introduction to Data analysis - Allison Nov 2023
  • Data Analysis & Financial Modelling - AQSkills March 2023
  • TVE International Academy Pvt. Ltd- ISO 9001:2015 Lead Auditor (QMS) Sept 2023
  • Institute Of Chartered Accountants of Nigeria (ICAN) - ACA April 2023
  • Associate Member, Nigerian Institute Of Management - NIM August 2017

Languages

English
Fluent
Afrikaans
Native
French
Beginner

Timeline

Assistant audit manager

Nosak Distilleries Limited
06.2023 - Current

Senior Finance Officer

LATC Marine
11.2019 - 05.2023

Account/Receivable Office

Datta Medical Centre
10.2018 - 11.2019

Audit Trainee

Larry Del Consult
01.2018 - 10.2018

BSc - Accounting

Joseph Ayo Babalola University

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OMOWUMI AKINOLA