RACHAEL OMONOYAN-PETER
Finance Lead/Treasury
Lagos,Lagos
Summary
A naturally diligent and detail focused finance professional who possesses broad software knowledge, advanced numerical and analytical skills, Accounting and a sound financial analyst when it comes to data modelling with over 9 years of active work experience in Accounting/Audit firms and Non-Bank Financial Institutions.
Overview
11
11
years of professional experience
Work History
Finance Lead/Treasury
The Vibe Hospitality Company Limited
12.2020 - Current
- I championed the implementation of an effective accounting software which improved the turnaround time for Management report and other report deliverables
- I championed the book keeping of the company’s account from scratch as a start-up company and I was able to build the company s balance sheet size up to 1.3b
- I worked on special project with the CEO from setting up new policies /procedures for the company to opening one more branch with a balance sheet size of 700m in 2 months of operations
- I championed the revenue growth from 4oom first year to 1.7b whilst reducing the total operating and overhead cost
- I strengthened and enforce a good internal control and introduced the whistle blowing policy.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Developed strategic plans for day-to-day financial operations.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Mentored junior staff members on finance best practices, fostering a culture of continuous learning and development.
- Spearheaded process improvements within the finance department, driving increased productivity levels among team members.
- Managed a team of finance professionals, ensuring accurate reporting and compliance with regulations.
- Successfully negotiated contracts with vendors, resulting in cost savings and improved terms.
- Improved financial efficiency by streamlining processes and implementing cost-saving measures.
- Oversaw the preparation of financial statements, ensuring accuracy and timely submission to stakeholders.
Finance Manager
Cititrust Financial services Ltd (Citi trust Holdings Plc.)
01.2018 - 01.2020
- Collecting, interpreting and reviewing financial information
- Ensure accurate and prompt reporting of revenue and cost of sales
- Monitor and report on key performance indicators
- Review of audited statement, SOFP, Cash flow etc
- Review and analyse non-financial information/Data
- Ensure correct reporting of revenue by Enterprise Data Warehouse (EDW)
- Predicting future financial trends
- Producing financial report related to Budget, account payables, account receivables and expenses
- Reviewing, Monitoring and managing the company’s budget
- Review monthly bank account reconciliations, general ledger account detailing asset and liabilities
- Preparing the management account and report which encompasses the financial statement, business activity report and forecast
- Help Management make financial decisions
- Monitor financial details to ensure that legal requirement are met
- Handles the payroll schedule.
Accountant/treasury
RenMoney Mfb Limited
01.2016 - 01.2017
- Ensure payment of customer deposit and interest in a timely manner
- Ensures Deposit weekly figures/report are available for Management performance report (MPR)
- Reconciliation between prior day’s schedule and current schedule detailing transactions
- Reconciliation between GL (Mambu) and schedule on a daily basis
- Preparation of Asset and Liability committee report (ALCO) for management weekly liquidity meetings
- Preparation of investment certificate for deposit customers and investors
- Posting and booking of cash inflows into Mambu
- Reconciliation of total weekly cash flows
- Preparation and analysis of pipes with their expected flows and actual deposit with their achievement
- Daily monitoring of cash flows into our active bank account
- Preparation of bank balances and bank statement
- Processing of invoices for payment
- Preparation and filing of VAT, WHT, PAYE and PENSION
- Monthly casting of the Financial Statement
- Reconciliation and posting of financial entries
- Liability Generation Audit Personnel for External Auditors
- Regular update/ Review for deposit budget for the year
- General budget update to the deposit team members
- Preparation of deposit schedule
- Expense report / Payment transactions
- Timeliness in managing disbursement functions to bank customers and employees
- Ensures across board accuracy of data for marketing and management meetings.
Deposit Administrator/Finance Associate
RenMoney Mfb Limited
01.2015 - 01.2016
- Processing of invoices for payment/ Petty Cash
- Raising Bank Transfer instructions for active cash movement
- Account payable and receivables
- Cash Management
- Posting to and from Ledgers
- Monitoring postings into accounting software’s (Mambu & T24)
- Liaising with various banks for transfer instructions and fund Movement
- Liaising with various banks for interest rate for our excess fund deposit
- Consistent monitoring of cash into our various bank accounts
- Daily and monthly account reconciliation with the operations team members
- Vendor Negotiations / management
- Oversee office disbursement and payment supplies.
Audit trainee
S.S. Afemikhe Consulting (Audit Firm)
01.2014 - 01.2015
- Verify the correctness and completeness of information’s and records
- Ensures all figures and postings are correctly recorded and in the correct file
- Verification of Petroleum Product report (PPR)
- Stock taking of PMS and DPK
- Prepare detailed report for the verification of imported product for payment of subsidy to petroleum product marketers
- Collecting and analysing data to detect deficient control, duplicated effort and fraud
- Ensures PPR & Information’s are available for verification purposes
- Maintained comprehensive paper and computer filing systems.
Education
Mini MBA (Current) -
Tekedia Institue (T.I)
Boston, United StateB.Sc. Accounting - undefined
Ambrose Alli University (AAU)
Ekpoma, Edo StateDiploma in Banking/Finance (DBF) - undefined
University of Benin
Benin City, Edo StateNational Examination council (NECO) - undefined
Ohis Secondary School
Benin City, Edo StateFirst School Leaving certificate (FSLC) - undefined
Paragon Nursery and Primary School
Benin City, Edo StateFinancial Modelling and Valuation Analyst (FMVA, CFI) - undefined
Institute of Chartered Accountants of Nigeria (ICAN) – ACA - undefined
Corporate Finance Institute (CFI) - undefined
Skills
Good inter-personal skills with the ability to work in a teamundefined
Skills Core Competence
- Proficiency in Microsoft office packages – Excel, PowerPoint, and Word
- Proficiency in Financial Reporting and Complex Financial Data Analysis
- Proficiency in Treasury reporting and Account Payables.
- Proven track record of accurately coordinating meetings and multitasking within fast-paced environments.
- In-depth knowledge of accounting regulations and standards
- Strong team orientation and demonstrated ability to work effectively with team members in multiple groups.
- Outstanding interpersonal, leadership, and organizational skills; thrive within detail-oriented, deadline driven environments.
Accounting Exposures
- Vast in the use of Double Entry Principle to achieve a proper daily record keeping Of Business Financial Transactions, Posting to and from Ledgers (Assets, Liabilities, Incomes and Expenses Classification).
- Very conversant with the Nigerian legislations on VAT, Withholding Tax, Company Income Tax, PAYE, .etc.
- Preparation of Profit and Loss Account/Income Statement, Statement of Financial Position.
- Ability to apply IFRS for Companies’ Financial Reporting/ Corporate Reporting.
- Ability to carry out reconciliation by preparing Bank Reconciliation statement (BRS).
- Ability to apply IFRS 15 (Revenue from contract with customers) which is mandatory for annual reporting periods.
Professional Trainings Certifications
- Business intelligence and Data Analyst - Corporate finance institute (CFI) full course
- Financial planning/Wealth management (FPWM)
- Complete Finance Manager course (CFMC) on Udemy Business
- Fintech industry professional (FTIP)
Accounting Other Software Competency
- Mambu
- T24
- Busy
- QuickBooks
- Sage 50
- Xero
- Eposnow
Other Core Areas Of Experience
- Investment banking Experience
- Customer relationship manager Experience
- Team Member Supervisory Skills.
- Investment analyst
References
References are available on request
Timeline
Finance Lead/Treasury
The Vibe Hospitality Company Limited
12.2020 - Current
Finance Manager
Cititrust Financial services Ltd (Citi trust Holdings Plc.)
01.2018 - 01.2020
Accountant/treasury
RenMoney Mfb Limited
01.2016 - 01.2017
Deposit Administrator/Finance Associate
RenMoney Mfb Limited
01.2015 - 01.2016
Audit trainee
S.S. Afemikhe Consulting (Audit Firm)
01.2014 - 01.2015
Mini MBA (Current) -
Tekedia Institue (T.I)
B.Sc. Accounting - undefined
Ambrose Alli University (AAU)
Diploma in Banking/Finance (DBF) - undefined
University of Benin
National Examination council (NECO) - undefined
Ohis Secondary School
First School Leaving certificate (FSLC) - undefined
Paragon Nursery and Primary School
Financial Modelling and Valuation Analyst (FMVA, CFI) - undefined
Institute of Chartered Accountants of Nigeria (ICAN) – ACA - undefined
Corporate Finance Institute (CFI) - undefined
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