Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Tolulope Akinfire

Group Treasury Official
Lekki

Summary

High-performing investment banking professional specializing in [Area of expertise]. Versed in applicable legal considerations. Talent for customer acquisition and relationship building.

Overview

14
14
years of professional experience
1
1
Certification
1
1
Language

Work History

Group Treasury Official

Emerging Africa Group
Lagos
03.2023 - Current
  • I secured a trading line of 10 billion Naira for the Fixed Income desk
  • Secured deposits that increased the company’s assets under management from 42 billion Naira to Circa 60 billion Naira
  • I worked closely with the Advisory team to raise commercial paper programs, generating over 10 billion Naira inflows
  • Generated monthly revenues of circa 65 million Naira by executing buy and sell fixed-income proprietary trades
  • Duties
  • Coordinate fixed income, equities, and derivatives trading
  • Organize routine strategy discussions with subsidiary leaders to devise strategies to enhance the group's net interest income
  • Create and maintain an effective relationship with the company's bankers to stay informed on solutions that add value to the business
  • Adhere to counterparty risk exposure limit based on defined financial and risk criteria
  • Execute fixed-income buy and sell orders using industry-best fundamental and technical practices
  • Update the Company’s Investment Policy and asset allocation mix to reflect current market realities
  • Supervise treasury investments across the group to ensure idle funds are invested adequately according to the investment policy and provide at least 200 bps spread above the cost of the fund
  • Regularly oversee the treasury operations team across the group to ensure accurate booking of assets and liabilities and the issuance of investment certificates
  • Drive the adequate and timely provision of Liquidity for fixed-income transactions to all subsidiaries as needs arise within 24 hours
  • Supervise the team to effectively coordinate all Subsidiaries' Investments to ensure timely investment of all available funds daily, leaving no idle funds
  • Supervise and manage team members to ensure adequate and timely provision of Liquidity to all subsidiaries as needs arise within 72 hours
  • Coordinate and supervise the team to produce monthly GALCO reports and guarantee the punctual holding of quarterly GALCO meetings in complete alignment with the group's policies and procedures about asset and liability positions of subsidiaries
  • Ensure the treasury team undertakes periodic reconciliation of transactions, which will aid accurate figures, impart timely treasury reports on asset and liability holdings, and monitor exposures to various counterparties
  • Oversee team members to ensure they accurately and promptly record all transactions and furnish the deal slips within 24 hours of executed deals
  • Source, negotiate, and enter competitive and structured foreign exchange and trade contracts
  • Track foreign currency exchange rates and assess other relevant exposures pertinent to the group's operations
  • Take charge of implementing and overseeing policy and governance frameworks, procedures, practices, and standards to guarantee high-quality, efficient forex risk management and strict adherence to regulatory compliance.
  • Processed new accounts and cross-sold opportunities to customers.

Senior Treasury Officer

Emerging Africa Capital Limited
Lagos
02.2022 - 03.2023
  • Set up the Fixed Income desk for Emerging Africa Group
  • As a critical team member, I orchestrated the achievement of securing a significant 5 billion Naira DBN loan through FSDH bank, resulting in a substantial augmentation of the company's balance sheet
  • Managed treasury operations while matching the groups' assets and liabilities and ensured a minimum of 200 basis point spread on the cost of funds
  • Duties
  • Coordinated trading of fixed income, equities, and derivatives trading
  • Prepared weekly, monthly, and quarterly sales and fixed income reports to GCFO and management
  • Drove the adequate and timely provision of Liquidity for fixed-income transactions
  • Through meticulous analysis of Global Market data, I strategically evaluated market movements and formulated tactics to optimize income yield for all subsidiaries through proprietary trades and brokerage transactions
  • Monitored treasury sales personnel to provide updated weekly rates guide for the group
  • Monitored and ensured accurate reporting of all treasury sales transactions
  • With meticulous precision, guaranteed the precise and punctual recording and settlement of all fixed-income transactions, delivering deal slips within 24 hours post-transaction completion.

Fixed Income Trader

LIVERMORE LIMITED
Lagos
03.2019 - 01.2022
  • Elevated the company's financial performance in fixed-income trading and orchestrated a consistent series of monthly N25 billion transactions in fixed-income securities sales, significantly enhancing the bottom line
  • I enhanced the company's customer portfolio across the financial market
  • The first trader for the firm that was granted the use of a prime brokerage line due to a good record of accomplishment in sales that demonstrated the capacity to keep inventory and sell to clients with minimum days of turnover
  • I revitalized the fixed-income desk by establishing trading lines (settlement accounts) with banks and custodians
  • Introduced innovative concepts to enhance trading practices
  • I amplified the firm's engagement in fixed-income sales by actively maintaining primary and secondary market positions and facilitated sales to PFA clients and other institutional investors
  • A pivotal contributor to the fixed-income trading team, I was crucial in establishing the fixed-income trading desk dedicated to handling treasury bills, domestic bonds, Eurobonds, foreign exchange, derivatives, and other intricate financial instruments
  • Duties
  • Responsible for generating and executing buy and sell mandates for proprietary positions and brokerage transactions
  • During trading hours, surveyed the market for data such as prices and yields of bonds and treasury bills, providing the chief dealer with vital information to guide trading decisions for the institution
  • Delivered oral and written reports on daily activities in the Nigerian Securities Market, highlighting economic trends and investment prospects
  • Oversaw customers' fixed deposit investments, ensuring the implementation of their rollover or liquidation instructions as investments matured
  • Crafted and managed credit portfolios for customers with loan facilities
  • Meticulously prepared detailed monthly reports concerning instruments within the fixed-income space
  • Closely monitored and analyzed LC accruals and FX forward purchases.

Commercial and Business Development Manager

POWERGAS GLOBAL INVESTMENTS NIGERIA LIMITED
Lagos
02.2017 - 03.2019
  • I proactively negotiated and finalized diverse gas contracts for power generation, leading to a revenue surge exceeding 40%
  • As a team leader, I successfully raised a commercial paper with Chapel Hill Denham, securing funds for a $16-million-dollar gas plant in Ogbele, Port Harcourt
  • I conceptualized and designed a range of reports within the ERP system and Microsoft Excel, effectively analyzing challenges and formulating solutions that contributed to increased sales and reduced overhead costs
  • In my capacity as a team leader, I played a pivotal role in the development of gas marketing literature
  • I managed the company's procurement and strategic sourcing, handling expenditures exceeding $20 million
  • I skillfully negotiated various contracts and cultivated robust relationships with vendors, resulting in well-balanced commercial terms and conditions and favorable payment terms
  • This approach led to an impressive average cost savings of over 23%
  • Duties
  • Researched and developed new markets to improve sales
  • Researched organizations and gathered market intelligence
  • Coordinated the development of gas proposals, managed business prospects, and executed various gas agreements
  • Ensured strict adherence to business development processes, facilitating the successful execution of gas contracts
  • Coordinated preparing and presenting Business and Financial Reports to Chapel Hill Denham regarding the facility agreement
  • Analyzed financial information and prepared annual operating forecasts for management
  • Developed and maintained relationships with external partners - lenders, Insurance brokers, ISPs, et cetera
  • Ensured timely customer support by proactively managing post-fixture activities for the team
  • Monitored the implementation of business plans and marketing strategies for sales.

Commercial Officer

POWERGAS GLOBAL INVESTMENTS NIGERIA LIMITED
Lagos
01.2014 - 02.2017
  • As a pivotal team member, I secured financing exceeding $27 million for diverse gas projects throughout Nigeria
  • I conceived and executed a comprehensive Purchasing Policy Document, standardizing all procurement procedures
  • I meticulously conducted analyses of purchase prices across vendor quotes and services, enabling the identification of the most advantageous and cost-effective suppliers
  • This initiative led to substantial savings of around 20-50%
  • I tracked essential data through weekly, monthly, and yearly metrics, which were the foundation for trends, analysis, and monthly scorecards
  • I ensured meticulous maintenance of files in strict adherence to company policies and procedures
  • As a result of successfully passing numerous departmental audits, the team received commendations and bonuses from the company President
  • I collaborated closely with the IT department to facilitate the transition of the purchasing/inventory management system from an outdated custom system to the modern Dynamics ERP system
  • I provided valuable assistance to business units by tackling issues, conducting research, and resolving any challenges in their requirements
  • Duties
  • Oversaw the execution of transactions and arranged documentation associated with due diligence
  • Prepared and delivered forecasts for Annual Operating Procedures and financing models to support operations and credit acquisition
  • Ensured project scope adherence to budget and timelines through diligent follow-up, collaborating closely with the General Manager Projects in formulating budgets for five CNG projects
  • Effectively managed procurement operations, issuing purchase orders to vendors on behalf of the company
  • Crafted commercial proposals and Indicative Term Sheets, presenting customized pitches to potential clients
  • These efforts played a significant role in influencing positive decisions leading to the signing of long-term gas contracts
  • Analyzed monthly reports encompassing sales, logistics, operations, and flash updates
  • This analysis was instrumental in identifying needs and offering solutions that contributed to transformative change within the company
  • Maintained oversight of project finance within the realm of gas projects
  • Skillfully evaluated screening inquiries for bids, aligning them with the company's sales strategy, risk appetite, profit potential, and cost-to-benefit analysis
  • Innovatively designed and implemented price models and charts grounded in accurate economic and commercial parameters, yielding substantial revenues.

Design Engineer

TRITECH ENGINEERING
11.2012 - 10.2013

Attachment

05.2009 - 11.2009

Education

CFA level 1 (In view) ACI Dealing Certificate (2022) Business Data Analyst with Excel and Power BI (2019) The Complete Digital Marketing Course (2019) Fundamentals of the Nigerian Electricity Supply Industry (2019) Excel for Data Analyst (2018) The Complete Financial Analyst course (2018) Fundamentals of Business Analysis -

Successful Negotiations: Essential Strategies and Skills (2015) Microsoft Excel – Excel from Beginner to Advanced (2014) Cisco Certified Network Associate – CCNA & CompTIA A+ (2013 - undefined

Obafemi Awolowo University

B. sc. (Hons) - Chemical Engineering

WASSCE - Secondary Education

Federal Government College Ilorin

Skills

Revenue Generation

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Certification

CIBA - Certified Investment Banking Associate

Timeline

Group Treasury Official

Emerging Africa Group
03.2023 - Current

Senior Treasury Officer

Emerging Africa Capital Limited
02.2022 - 03.2023

Fixed Income Trader

LIVERMORE LIMITED
03.2019 - 01.2022

Commercial and Business Development Manager

POWERGAS GLOBAL INVESTMENTS NIGERIA LIMITED
02.2017 - 03.2019

Commercial Officer

POWERGAS GLOBAL INVESTMENTS NIGERIA LIMITED
01.2014 - 02.2017

Design Engineer

TRITECH ENGINEERING
11.2012 - 10.2013

Attachment

05.2009 - 11.2009

CFA level 1 (In view) ACI Dealing Certificate (2022) Business Data Analyst with Excel and Power BI (2019) The Complete Digital Marketing Course (2019) Fundamentals of the Nigerian Electricity Supply Industry (2019) Excel for Data Analyst (2018) The Complete Financial Analyst course (2018) Fundamentals of Business Analysis -

Successful Negotiations: Essential Strategies and Skills (2015) Microsoft Excel – Excel from Beginner to Advanced (2014) Cisco Certified Network Associate – CCNA & CompTIA A+ (2013 - undefined

Obafemi Awolowo University

B. sc. (Hons) - Chemical Engineering

WASSCE - Secondary Education

Federal Government College Ilorin

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Tolulope AkinfireGroup Treasury Official