Summary
Overview
Work History
Education
Skills
Skills Core Competence
Accounting Exposures
Professional Trainings Certifications
Accounting Other Software Competency
Other Core Areas Of Experience
References
Timeline
Generic

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 State

B.Sc. Accounting - undefined

Ambrose Alli University (AAU)
Ekpoma, Edo State

Diploma in Banking/Finance (DBF) - undefined

University of Benin
Benin City, Edo State

National Examination council (NECO) - undefined

Ohis Secondary School
Benin City, Edo State

First School Leaving certificate (FSLC) - undefined

Paragon Nursery and Primary School
Benin City, Edo State

Financial 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

RACHAEL OMONOYAN-PETERFinance Lead/Treasury