Simeon Olaitan

• • Coordination of Period End Closing Activities and Ensuring 100% FTQ (First Time Right).
  • Deputising for the Factory Financial Controller as at when required.
  • Facilitates Strategy Planning, Budget Performance Appraisal & Cost Management, manages an average
  annual budget of over $100M Operating Expenses (OPEX)
  • Providing visibility and forecasts around all our factory processes through analysis and reporting both on
  monthly actuals and for the dynamic forecasting process and development of simulations.
  • Management of Key Measures such as Conversion Cost Per ton, Fixed Overheads, Total Cost of Production
  per ton (TCOP), Materials Usage Variance (MUV), M & I Cost.
  • Provide product cost estimates to support:
  • Operational Master Planning (OMP) Review.
  • New Product Development (NPD) and product formulation changes
  • Assumptions used in capital investment plans and requests (e.g. Labour savings from line efficiency improvements).
  • Loss Tree Analysis (LTA)
  • Fixed Assets controlling and management.

• Monitored cost standard performance to confirm that costs met budget cost parameters.
• Predicted, planned and recorded costs of raw materials, labor and operation.
• Calculated labor and overhead rates, annually updating costs.
• Performed financial reporting, trend analysis and process improvement support.
• Designed monthly and annual budgets design, labor and manufacturing.
• Assisted with month-end closing procedures, journal entry review, balance sheet analysis and monthly management report preparation.
• Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
• Collected and reported monthly expense variances and explanations.
• Partook in the development and implementation review of SAP project.
• Monitoring and reconciling Inventory ledgers and Inventory listing through to COGS ledgers.
• Successfully reduced invoice over payments by 100% during 1st 6months in office.

• Provided insightful and relevant information (Both Financial and Non-financial) to the management to ease decision-making
• Evaluated projects and investments to assist management make informed decisions.
• Successfully negotiated on contracts, jobs, projects, loans and grants.
• Prepared monthly budget performance appraisal, gathered, analyzed and interpreted external and internal data, composed and presented the reports
• Coordinated and managed annual budget preparation and ensure proper financial control for the company
• Oversaw the implementation of corporate governance procedures, risk management and internal controls.
• Organized and coordinated factory operations optimally to maintain maximum productivity.
• Actively involved in new product development through cost evaluation and analysis.
• Maintained relationships with partners/vendors/suppliers and ensured that the company had adequate and suitable resources at all times to complete its activities (e.g. people, material, equipment etc.)
• Analyzed financial performance, contributed to medium and long-term business planning/forecasts and advised on the possible positive or negative financial implications and consequences of business decisions
• Oversaw responsibility for accounts payable and auxiliary activities and ensured spending was kept in line with the budget;
• Liaised with other managers to interpret and communicate financial data and offered professional advise on improving business performance