QuickBooks Accounting
STEPHEN U. NJOKU
Senior Accountant, Auditor
Abuja,FCT
Summary
Experienced Senior Auditor and Accountant with over 7 years of expertise in financial analysis, audit, and compliance. Proven ability to lead audit teams, ensure accuracy in financial reporting, and mitigate risks. Strong communicator, skilled in building client relationships and optimizing financial processes for organizational success.
Overview
10
10
years of professional experience
4
4
Certificates
Work History
Data Analyst Intern
Quantum Analytics
08.2023 - Current
- Completed data cleaning and data validation of existing spreadsheets to promote robust data management platform, resulting in accurate data analysis and entry.
- Utilized various professional statistical techniques and maintained large databases to collect and analyze data from partners and customers.
- Identified, analyzed, and interpreted trends or patterns in complex data sets by finding correlations and visualizing with charts.
- Supported tasks related to SharePoint development and application maintenance.
- Used modeling and analytics to understand how business decisions impacted bottom line.
- Aggregated data from various sources to construct streamlined data pipelines.
- Analyzed data to identify root causes of problems and recommend corrective actions.
Head of Internal Auditing
Neveah Limited
Abuja
06.2021 - Current
- Conducted comprehensive financial statement audits forNeveah Limited, resulting in a 15% reduction in financial discrepancies and compliance violations within the organization.
- Led and coached field engagement teams, improving team efficiency by 20% and enhancing junior staff members' skills, resulting in their promotion to higher positions.
- Analyzed complex accounting issues, providing timely resolutions that led to a 10% reduction in financial reporting errors and a 25% decrease in audit findings.
- Performed financial and systems analysis, identifying cost-saving opportunities that yielded a 12% increase in operational efficiency.
- Developed and maintained strong client relationships, leading to a 20% increase in client retention and new business referrals, contributing to the organization's revenue growth.
- Successfully managed all compliance requirements, including monthly reports to regulatory bodies, achieving a 100% compliance rate and enhancing the organization's reputation for regulatory adherence.
- Performed financial due diligence assessments on 10 potential investments and acquisitions, resulting in the identification of three high-risk opportunities, allowing for informed decision-making and risk mitigation strategies.
- Implemented and standardized internal audit procedures, resulting in a 20% increase in the accuracy of financial reporting.
- Thoroughly examined and validated payroll, vendor payments, commissions, and other accounting disbursements, achieving a 98% accuracy rate and ensuring full compliance with regulatory standards.
- Analyzed business processes to identify cost savings and operational efficiencies.
Finance & Compliance Manager
Envio Logistics Limited, Abuja
Abuja
01.2021 - 04.2021
- Implemented robust financial controls and compliance procedures, resulting in a 98% compliance rate with industry regulations and a 15% reduction in compliance-related issues.
- Developed and delivered detailed reports to senior management and the audit team, encompassing critical issues, findings, and actionable recommendations, resulting in a 95% acceptance rate of proposed improvements and streamlined decision-making processes.
- Orchestrated the creation of an annual and interim budget as well as a rolling forecast, resulting in a 98% alignment with financial goals and a 12% reduction in budget variances.
- Provided strategic counsel to management on performance enhancement, risk mitigation, and emerging opportunities, contributing to a 15% increase in operational efficiency and informed decision-making.
- Evaluated investment choices related to innovations, CAPEX projects, and ad-hoc analyses, leading to a 20% improvement in ROI and a 10% reduction in unnecessary expenditures.
- Vigilantly monitored and reported cash flows, ensuring liquidity and financial stability, while reducing cash flow discrepancies by 95%.
- Spearheaded the development of accounting policies and reinforced internal control systems, resulting in a 98% compliance rate with accounting standards and a 20% decrease in audit findings.
- Prepared and presented comprehensive reports to upper management and audit team, covering issues and recommendations.
Financial Accounting Consultant
Pyramid Pharmacy Limited
Abuja
04.2020 - 12.2020
- Orchestrated and directed a cross-functional team of 4 experts encompassing finance, HR, business development, and management representation, fostering a collaborative approach to restructuring a 16-year-old pharmacy with an annual turnover of over N750 million.
- Spearheaded a strategic restructuring initiative, resulting in a streamlined operation, increased efficiency, and a 25% improvement in annual turnover.
- Designed and implemented a comprehensive accounting system along with Standard Operating Procedures (SOPs), ensuring operational guidance and accuracy in financial transactions.
- Conducted an ERP-Next Bootcamp, training six process owners on software usage, achieving full computerization of operations and enhancing data management.
- Successfully verified accounts payable valued at N87 million and negotiated mutually beneficial repayment terms with creditors, improving financial liquidity and vendor relationships.
- Executed a comprehensive fixed asset verification and updated the fixed asset ledger on ERP-Next, ensuring accurate financial reporting and asset tracking.
- Implemented a new tax regime, ensuring full compliance with statutory deductions and remittances, resulting in a 98% compliance rate.
- Established robust internal control procedures and a regular reporting system, resulting in a 20% reduction in financial discrepancies and enhanced financial oversight.
- Collaborated with owners and incoming investors to revamp the company, achieving measurable profitability and positioning it for sustained growth.
Compliance Officer
Achieving Health Nigeria Initiative, Abuja
Abuja
05.2018 - 06.2019
- Conducted 12 baseline reviews and 24 follow-up compliance reviews, evaluating adherence to GF Regulations, Local Laws, Internal Policies, and Reporting Guidelines, resulting in a 95% compliance rate across assessed areas.
- Provided mentorship to sub-recipient staff, enhancing compliance with regulations, laws, internal policies, and reporting requirements, leading to a 15% improvement in compliance among sub-recipients.
- Reviewed financial activities of sub-recipients and sub-contractors, confirming compliance with contract terms, donor rules, and regulations, resulting in a 98% adherence rate.
- Planned, executed, and reported on internal audits, validating the implementation and effectiveness of financial controls, donor guidelines, and other control procedures, leading to a 10% reduction in financial discrepancies.
- Ensured the proper maintenance and dissemination of filing documentation, records, and reports, facilitating seamless review processes by various departments.
- Designed and delivered comprehensive training programs, enhancing compliance at all organizational levels and increasing overall compliance awareness by 20%.
- Monitored data export from internal and external systems, proactively identifying and reporting potential compliance risks, leading to a 15% reduction in compliance-related incidents.
- Prepared and presented detailed reports outlining findings and recommendations from compliance audits, resulting in the successful implementation of improvement initiatives and a 98% alignment with project goals.
- Developed and maintained system for tracking and reporting compliance violations.
- Monitored and assessed compliance risks associated with operational processes and procedures.
- Conducted periodic compliance audits and reviews to identify areas of improvement.
Audit Manager
INLAKS Limited
Lagos
03.2015 - 04.2018
- Successfully led and managed a team of three auditors, ensuring efficient audit engagements and professional development, resulting in a 15% improvement in team productivity.
- Conducted comprehensive external and internal financial statement audits for a diverse portfolio of public and private clients, achieving a 98% accuracy rate and timely submission of audit reports.
- Implemented advanced audit methodologies and tools, reducing audit completion time by 20% and improving the accuracy of audit findings.
- Led cross-functional field engagement teams, providing guidance and supervision to team members, resulting in a 10% reduction in audit errors and a 15% increase in audit efficiency.
Conducted in-depth analysis of complex accounting issues, leading to the resolution of long-standing discrepancies, reducing financial reporting errors by 26%, and ensuring financial accuracy. - Contributed to the development and enhancement of audit methodologies and risk assessment frameworks, ensuring alignment with industry standards and best practices.
- Led and coordinated an annual risk assessment resulting in the safeguarding of assets valued at over N1.2 billion and 78,500 ATM parts, reducing the risk exposure by 25%.
- Oversaw and conducted pre-payment audits of operations expenses, amounting to up to N83 million monthly, identifying cost-saving opportunities that led to a 15% reduction in unnecessary expenses.
- Provided timely and accurate reporting on control gaps and the status and remediation of audit findings, resulting in a 98% closure rate of identified issues within specified timelines.
- Developed the Inlaks BI Portal for performance and expense tracking, enabling cost savings, standardization, and process automation, resulting in a 30% reduction in manual data entry errors.
- Achieved a remarkable 37% reduction in OPEX within the first month of implementing the Inlaks BI-Portal, resulting in significant cost savings.
- Generated N18.5 million for the company through innovative initiatives, eliminating waste and optimizing resource utilization.
Audit Officer
FORTIS MICROFINANCE BANK PLC, Abuja
Abuja
06.2011 - 02.2015
- Interacted with internal staff and clients to improve operational knowledge of relevant tax issues and business implications.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Prepared working papers, reports and supporting documentation for audit findings.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Collected and reported monthly expense variances and explanations.
- Submitted comprehensive reports on Anti-Money Laundering policy compliance to the Central Bank of Nigeria (CBN) through the appropriate reporting mechanism, achieving a 100% compliance rate.
- Successfully planned and executed annual audits, evaluating existing internal controls for internal departments and branch offices, resulting in a 15% improvement in control effectiveness.
- Investigated discrepancies identified during auditing processes, resolving issues and reducing financial discrepancies by 20%.
- Reviewed and ensured the conformity of financial statements with International Financial Reporting Standards (IFRS) and corporate regulations, achieving a 98% compliance rate.
Audit Junior
CHUKU OMENKA CHARTERED ACCOUNTANTS
01.2011 - 06.2011
- Executed audit assistant functions to check the accuracy of accounting systems and procedures
- Review, assess and recommend changes in accounting systems and controls of a business unit
- Verify and inspect accounts receivable, payable, and general ledgers for accuracy
- Reviewed bank reconciliations
- Assisted the Audit Senior.
Education
MBA - Finance And Investments
Ahmadu Bello University
Zaria, Nigeria 09.2018 - 12.2020
Certificate - Project Management in Global Health
University of Washington
Seattle, USA 06.2019 - 09.2019
Bachelor of Science - Accounting
University of Nigeria
Nsukka, Nigeria 10.2006 - 11.2010
OND - Public Administration
Abia State Polytechnic
Aba, Nigeria 06.2003 - 08.2006
Skills
Internal Control SystemsRisk ManagementFinancial ReportingAnalytical Skills and IT auditDue DiligenceAudit analytical toolRegulatory Compliance
Fraud Prevention
InvestigationControls over PaymentsImplementation & ReportingGood Communication SkillsIndependence and ObjectivityGood team spiritSAP, Oracle ERP (Financials), Orbit, SAGE, Audit Command Language, Power BI, Microsoft Suite, Microsoft Dynamics, ERP-NextQuickBooks (Desktop and Online), Tableau, Adobe Sign, ACL, ChatGBT, CAMA Agent, COBIT5, HTML coding and bloggingFinancial analysis and reporting
Process implementation
Cost control and reduction
Flexible and Adaptable
Problem Solving
Leadership
Excellent computer skills
Data Analytics
Accomplishments
- 2018: Tenol-Alpha Limited (Lagos) - ISO/IEC 27001 Information Security management
- 2017: Association of Certified Fraud Examiners (Texas) - CFE Exam Review Course
- 2017: Oryx Technologies (Lagos) – SAP Business One
- 2017: Tenol-Alpha Limited (Lagos) - ISO 9001:2015 Quality Mgt
- System: Internal Audit Course
- 2017: Tenol-Alpha Limited (Lagos) - ISO 9001:2015 QMS Process Owners Training
- 2015: Oracle University (Online School) - Certificate (Financial Modules)
- 2013: Fortis Academy Limited (Abuja) - Environmental Auditing & Impact Assessment
- 2012: Fortis Academy Limited (Abuja) - The Place of Audit in Financial Institution
- 2012: Fortis Academy Limited (Abuja) - Anti-Money Laundering Training
- 2011: Dexter & Heros Consulting (Abuja) - Project Management Course
- 2010: Afrihub ICT Solutions (Enugu) - Universal Mandatory IT Training (UMIT)
- 2010: Brightprofiles Consulting (Enugu) - Sage
- 2008: Dominion Leadership Institute (Lagos) - Basic Management Course
Certification
Associate Chartered Accountant (ACA)
Affiliations
Association of Certified Fraud Examiners (ACFE): Member (CFE)
Institute of Chartered Accountants of Nigeria (ICAN): Member (ACA)
Institute of Internal Auditors (IIA): Member
Software
Microsoft Dynamics
Microsoft Office
SAP
PowerBi
Oracle
PostgreSQL
NEXT ERP
Timeline
Data Analyst Intern
Quantum Analytics
08.2023 - Current
Institute of Internal Auditors
08-2022
Head of Internal Auditing
Neveah Limited
06.2021 - Current
Finance & Compliance Manager
Envio Logistics Limited, Abuja
01.2021 - 04.2021
Financial Accounting Consultant
Pyramid Pharmacy Limited
04.2020 - 12.2020
Certificate - Project Management in Global Health
University of Washington
06.2019 - 09.2019
MBA - Finance And Investments
Ahmadu Bello University
09.2018 - 12.2020
Risk Management
07-2018
Compliance Officer
Achieving Health Nigeria Initiative, Abuja
05.2018 - 06.2019
Certified Fraud Examiner (CFE)
09-2017
Associate Chartered Accountant (ACA)
05-2017
Audit Manager
INLAKS Limited
03.2015 - 04.2018
Audit Officer
FORTIS MICROFINANCE BANK PLC, Abuja
06.2011 - 02.2015
Audit Junior
CHUKU OMENKA CHARTERED ACCOUNTANTS
01.2011 - 06.2011
Bachelor of Science - Accounting
University of Nigeria
10.2006 - 11.2010
OND - Public Administration
Abia State Polytechnic
06.2003 - 08.2006