Tobi Olatunji
Lagos
Summary
Accomplished Finance and Accounts Officer with a proven track record at African Reinsurance Co., enhancing financial transparency and boosting revenue by 15%. Expert in financial analysis and adept at fostering stakeholder trust, I excel in financial management and possess strong analytical skills. Demonstrated ability to recover outstanding debts and streamline financial processes.
Overview
9
9
years of professional experience
1
1
Certification
Work History
FINANCE AND ACCOUNTS OFFICER
AFRICAN REINSURANCE CO.
Lagos
09.2018 - Current
- Perform analytical review of the monthly income statement, reconciling all inter-office transactions with 100% accuracy and transparency
- Generation of weekly cash flow report for the HQ Finance &Accounts
- Support in preparation of Management Accounts for the Regional Offices
- Post all approved Inter- office and investment Journals with 90% accuracy on ERP
- Create schedule for the liquidation of Accountable Advance
- Review and validate Budget performance reports quarterly
- Reconciliation of general Leger accounts for the HQ Finance & Accounts
- Monitor and escalate issues from statutory audits, collaborating with the external auditors to meet their audit requirements annually ensuring all discrepancies are found and addressed
- Conduct regular review of financial balances by updating supporting schedules and documentation
- Spearheaded a Dividend schedule and ensure that all shareholders are paid 100% of their dividend, using ERP to rectify outstanding Dividend payable summary with the Dividend account, thus building a foundation of trust among shareholders and the company
- Increase financial transparency by 50% by daily uploading all regional transactions and inter-office transactions
- Accelerated company’s revenue by 15% by recovering outstanding debts from suppliers and vendors
ADMINISTRATIVE OFFICER/ ACCOUNT OFFICER
LOGISTIQ XPEDITORS LIMITED.
Lagos
06.2017 - 09.2018
- Reduced payroll administration costs by 30% by negotiating pricing and fees while ensuring the continuation and enhancements of services
- Reviewed and analyzed the final preparation of monthly consolidated treasury and balance sheet management reports which increases transparency by 15%
- Resolved control issues arising from internal and external audit exercises correcting all discrepancies
- Improved contract negotiations capital investments and pricing decisions by 15% by financial analysis
- Mitigated risks of losses through adherence to approved standards to safeguard company’s assets
- Effectively monitored service contracts, contractors, and consultants, and ensured review work compliance with SLAs, policies and regulatory guidelines
VERIFICATION OFFICER
RISK CONTROL SERVICE.
Lagos
08.2016 - 04.2017
- Reviewed application forms against pre-set criteria regarding qualifications, certificates, experience, and position types
- Met Quality Control requirements and maintain the integrity of data and reports
- Compiled, analyzed, and interpreted data from internal and external sources producing 10% more efficient decisions
- Effectively communicate and maintain a good relationship with the officials and the point of contact of institutions and organizations for verification
Education
BSC - ACCOUNTANCY
UNIVERSITY OF MAIDUGURI
BORNO STATE, NIGERIA12.2014
Skills
- Financial analysis
- Financial and technical accounting
- Financial management
- Financial statements in compliance with IFRS
- General ledger
- Financial reporting
- Comprehensive knowledge of insurance and reinsurance
- Strong analytical skills
- Proficiency in the use of the Microsoft Office Suite: Word, Excel, and PowerPoint
- Attention to detail
- Budget management
- Experience with the use of ERP and SICS
- Knowledge of regulatory standards
Affiliations
- Institute of Chartered Accountants of Nigeria (ICAN), Associate member (ACA)
- Institute of Professional Managers and Administrators of Nigeria (IPMA), Associate Member
- Rotary Club of Lagos Central, Secretary
- Junior Chamber International (JCI)
Websites
Certification
- Financial Modeling & Valuation (FMVA) Excel Crash Course-Spreadsheet Formulas for Finance, Corporate Finance Institute, 06/01/21
- Reading Financial Statements, Corporate Finance Institute, 06/01/21
- Microsoft Windows/Effective use of PC and Management of Files and the Concept of IT Training, Jetlink Education Services, 09/01/19
- Microsoft Excel, Jetlink Education Services, 09/01/19
- Microsoft Outlook, Jetlink Education Services, 09/01/19
- Microsoft PowerPoint, Jetlink Education Services, 10/01/19
- Microsoft Excel Training – Advance Master Class, Lead Consulting, 01/01/19
References
References available upon request.
Timeline
FINANCE AND ACCOUNTS OFFICER
AFRICAN REINSURANCE CO.
09.2018 - Current
ADMINISTRATIVE OFFICER/ ACCOUNT OFFICER
LOGISTIQ XPEDITORS LIMITED.
06.2017 - 09.2018
VERIFICATION OFFICER
RISK CONTROL SERVICE.
08.2016 - 04.2017
BSC - ACCOUNTANCY
UNIVERSITY OF MAIDUGURI
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