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ROTIMI ADEMOLA
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Finance officer 100 000
Job Type: Full-Time , open to relocation

Education

From 0 to 2008
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA (ICAN)
From 0 to 2004
THE POLYTECHNIC, IBADAN, OYO STATE
Languages:
English

Experience

ACCOUNTANT
VIVA MICRO FINANCE BANK LIMITED,LAGOS
April 2012 - Present Day (5 years 1 month)

Responsibilities:

· Manage and supervise operation at accounts and finance department with four(4) staff

· Custodian of the bank’s book of accounts and record keeping

  • Prepare monthly Statutory Retentions such as CBN Returns, NDIC Returns, Quarterly Statement of Assets and Liabilities and other Statutory Reports.
  • Tax and regulatory compliance including interpretation of regulatory circulars and adoption.
  • Maintain relationship with correspondent banks ,and ensure prompt preparation of bank reconciliation statement
  • Manage the Bank cash flow and ensure prompt reconciliation of administrative cash advance.
  • Manage the petty cash system
  • Ensure proper management of investment in government securities such as Treasury bill and bond.
  • Maintain a document system of accounting and financial control policies.
  • Participate in budget preparation and monitor budgetary control measures.
  • Manage and supervise the bank General Ledger ( GL) and extended trial balance
  • Manage the bank fixed assets register
  • Coordinate and supervise the preparation of Annual Report in line with statutory requirements and Generally Accepted Accounting Practices (GAAPs)

Achievement

  • Developed a successful Internal Control System that covers operations of the five newly established cash centers. No material weaknesses noted by External Auditors and CBN Examiners during that year audit and CBN routine examinations.
  • Increased earnings by 30% annually through reductions of monthly operating cost, and invested surplus fund on other businesses and government securities such as treasury bills and bonds.
  • Set up budget to actual report as specifically requested by departmental heads which led to increase use of reports and attention to variances during performance report discussion.
  • Spear headed the preparation of the books of accounts and raised journal entries necessary for the successful conversions of #54.9million deposit for shares into equity.
  • Spear headed Internal Recovery Team that embarked on aggressive loan recovery thereby reduced the Bank Non-Performing Loans by 60%
INTERNAL CONTROL AND RISK MANAGEMENT
GRASS ROOT MICROFINANCE BANK LTD, KANO STATE
September 2010 - March 2012 (1 year 7 months)

· Identification and management of risks across functional areas of the Company.

· Evaluation of the appropriateness and effectiveness of the Company's systems and processes.

· Adoption and review of processes to ensure that adequate controls are in place to achieve the overall goals of the Company.

· Investigation of fraud, misuse or misappropriation of the Company's assets.

· Maintenance of a sound system of internal controls that would provide assurance of accurate financial reporting; efficient and effective operations; compliance with regulations; and the safeguard of the Company's assets.

· Analysis of the system's procedures and rules, spotting weaknesses and working with executive management to make necessary revisions.

· Communication of all internal control shortfalls to upper management when and if they are discovered.

· Establishment of risk-based audit programs.