Babalola Felix
Personal data and contacts will be open only to employers with access to CV database
Accountant/administrator 250 000
Job Type: Full-Time , open to relocation

Education

From 0 to 2005
University of Ado Ekiti
Languages:
English

Experience

DEPUTY DIRECTOR OF FINANCE
FOUR POINTS BY SHERATON LAGOS
March 2015 - February 2016 (1 year 1 month)
Lagos
LAGOS
Key accountabilities  Maintains the legal books of the hotel, prepares standard and miscellaneous journals for the monthly closings and coordinates the various sections of the Accounting Department to ensure the timely receipt of inputs for the closing.  Prepares final trial balance, profit and loss statement and F.R.S submission for the home office  Reviews and coordinates the reconciliation of all balance sheet accounts and ensures that all supporting schedules and worksheets are prepared and updated on a monthly basis  I ensured that bank accounts are reconciled monthly and that all reconciling items are investigated and cleared in the subsequent period.  Prepares all reports required by the General Manager / Regional Controller  Supervises the Accounting Department personnel as detailed in the organization chart.  Assists the Controller in the training of staff through job rotation programs  Preparing in conjunction with the Controller annual budgets and monthly forecasts  Daily check and approval of all income audit packages  Checking and approval of guest refunds from the back office SUPPORTIVE FUNCTIONS  Authorize and check account coding on invoices  Ensures that correct backup’s are attached to the invoices  Balance and update invoice and payment journals  Post all prepaid invoices with the monthly distributions  Check monthly accruals  Ensure that Purchase ledger and General ledger are in balance for month end Key achievements • The credit team schedule was adjusted to make sure postings are completed before month end • I ensured house bank counts are done regularly with the General Cashier
FINANCIAL CONTROLLER
IBIS HOTEL IKEJA
February 2014 - March 2015 (1 year 2 months)
Lagos
LAGOS

FULL RESPONSIBILITY FOR THE FINANCE DIVISION

PREPARATION OF MONTHLY FINANCIAL REPORTS

MONTHLY FORECAST AND ANNUAL BUDGET, CASH BUDGETING

TAX MATTERS

BUSINESS AND FINANCIAL ADVISORY

Assistant Finance and Business Support Manager (Asst Director)
Intercontinental Hotel Lagos
April 2013 - November 2013 (7 months)

Full responsibility of the finance division comprising the various sections

preparing of annual budget and monthly forecast.

Liaison with the various financial institutions, corporate bodies, Government and other regulatory bodies

Handling of tax matterd and related issues

Cash budgeting and management

General Manager
Helena Hotels limited Akure
October 2010 - May 2011 (7 months)

Reporting to the board and the MD of the group

Coordinated all the set up and take off of the hotel

Handling all operational, financial and administrative matters that falls under the purview of the General Manager.

Overall responsibility for running the hotel and attainment of organizational goals and objectives

Heading the marketing team and breaking new grounds

Handling guests complaints and dealing with related issues

Relationship with Government agencies and financial institutions

Ensuring that the Hotel runs profitably and ensuring guests satisfaction

Coordinated all departmental duties and ensures that the hotel runs efficiently

Ensuring that budget and procedures put in place are adhered to and also ensuring optimum utilization of resources.

Finance Manager
Peninsula Hotel Lekki, Lagos
November 2009 - October 2010 (1 year 1 month)

Involved in all the pre-opening affairs including set up, recruiting, training - both specific and generic, and induction for the staff

Setting up the finance division which includes main accounts, income audit, cost control, information technology and stores. I also assisted in setting up the human resources department.

Overall responsibility for the Finance Division which includes Accounts, Stores, income audit, Cost control, Cashiers and Information Technology (Biz support)

Preparation of annual budget and monthly forecast

Preparation of monthly financial reports

Liaison with financial institutions, corporate bodies, Government and other regulatory bodies.

Handling of tax matters and related issues

Cash budgeting / cash management

Direct investment analysis.

Summarize organizational position and projects trends.

Review and analysis of reports and other returns for Management use

Preparation of reports required by regulatory authorities

Formulate policies for procurement, inventory, treasury and banking procedures and fixed assets schedules maintenance.

Implement hotel policy on rates, foreign exchange rate conversion, credit policy and contracts.

Handling all other accounting and financial matters that falls within the purview of the finance Manager.

Handling all human resources matters and ensuring efficient coordination of departments in conjunction with the operations manager.

Assist. Chief Accountant
Grand Hotel convention centre and resort, Asaba
February 2007 - October 2009 (2 years 9 months)

Handling of cash clearance account through Fidelio front office,

Cash analysis and posting into Accpac.

Banking transactions- Posting of cashbook and reconciliation, cash banking control, cash balance positions and reconciling of Fidelio cash with Accpac.

Posting of invoices into Accpac and preparation of creditors schedules.

Posting of cost and other journals, monthly and annual adjustments

Preparation of financial reports

Supervise payroll and schedules

Cash budgeting / cash management

Direct investment analysis.

Summarize organizational position and projects trends

Preparation of reports required by regulatory authorities

Assisting the financial controller in supervision of accounting department

Cost controller
Grand Hotel convention centre and resort, Asaba
January 2006 - February 2007 (1 year 1 month)

Establishing purchasing standards, taking into consideration menu and price policy of the hotel. Ensuring purchase is consistent with requirement, stock control by ensuring adequate stocks and preventing stock outs through optional stocks

Liaising with F&B Manager and the executive Chef in setting prices and standard for products

Ensuring adequate control of stocks and other materials of the hotel, preventing wastage, pilfering and obsolete items

Preparing standard portion recipe cost in order to ensure consistency in operations as it relates to cost, preparation of sales mix (commenced by me), function costing, and butchery yield test.

Measurement of real operational results, Preparation of daily food and beverage cost report (restructured by me), matching of daily issues from store and transfers to outlets with production and sales, monthly food and beverage cost report, engineering operations cost report, General store issues cost report.

Comparing standards with real operational results

Measurements of capabilities between established standards and the results that were effectively reached

Taking corrective action, in order to correct discrepancies and the variations of the previously found comparisons

Stocktaking and valuation of stocks.

Additional information

About Me

A professional Accountant. Computer literate, conscientious worker and highly motivated