Preparation of Management Accounts.
Budget coordination and Financial Planning
Management of Account payables, receivables, accruals & inventories
Managing banking operations and reconciliations of account balances
Branch monitoring and reporting.
Treasury management and investment portfolio control
Liaison with external auditors and other statutory authorities.
supervision and controls
Ensuring compliance to company’s accounting policies and procedure.
Report & liaise with the MD on strategic financial matters.
Supervision of subordinate on various financial functions
Ensure expenditure management and control
I generated more revenue for the company by advocating the use of Weighted Average pricing method for crude oil price other than the existing average pricing method which reduces turnover.
On resumption, I conducted investigation on our company branch finances and I detected fraud and checkmate future occurrence.
I developed accounting and tax manual for the company.
I established proper control systems and bridged control leakages in the system.
I recommended and used a more efficient accounting package other than the Peachtree in use.
I established effective tax planning and leverage tax burden through tax efficiency practice
Detailed testing of transactions and balances to ensure that specific
control objectives have been met;
Review of customer’s KYC in line with established procedures.
Review of reconciliation of suspense transactions
Daily Call-over of transactions.
Review of Manager’s cheques for processing & interbank confirmation.
Monitoring of Head Office Audit
Management and control of various types of loan risks.
Ensure that all transactions to be recorded and processed have been authorized, are correctly recorded, and are accurately processed in compliance with the established procedures.
Corrected improper accounts opening by advocating for adequate KYC.
Restricted payment of false claim by rejecting illegal certification of bank statement for customer.
Provision of financial reporting services such as accounts preparation, budgeting and forecasting.
Develops and implement an effective and efficient capacity building
Cash flow projection and reporting accounting services.
Feasibility report and business evaluation.
Designing accounting manual and procedural control for clients.
Corporate financial analysis and interpretation.
Strategic Business Reviews
General supervision and control
Leveraging PAYE tax burden through efficient payroll restructuring
Pre-tax investigation/audit review & reconciliation of client’s books.
Responding to FIRS tax audit/ investigation report.
Advising client to take advantages of the loopholes in the tax laws.
Tax Remediation Management and Advisory services.
Filing various tax returns on behalf of clients with the tax authorities
Advising regulatory authority on developmental tax strategies
I managed tax audit, tax investigation, tax remediation with FIRS and consult for various clients in various companies including banks & non-bank financial institutions, insurance, manufacturing/trading companies and Specialized Businesses which include Oil & Gas, Investment/Stock broking, Underwriting, Properties Companies, etc. One of my remarkable achievement was the design of a programme PAYE tax computation in line with the PAYE Scheme.
Regular review of accounting and internal control procedure.
Statutory audit and preparation of financial reports.
System narration and control
Filing of Tax Returns on behalf of clients.
Processing of e-TCC and TCC for employees &company respectively
Accounts balance reconciliation, validation and asset verification.
Supervising financial, tax due diligence and investigation.
Liaising with the tax authorities on client’s tax issues.
Review of subordinates assignments.
During my stay in Pedabo Associates Limited, I impacted positively on the company and its various clients. I was the team leader in charge of CAP Plc financial due diligent where I produced a brilliant business evaluation report on divisional performance of the company and upheld the provision of IAS 36 on assets impairment as opposed to traditional approach delighted by the management. Aside, I conducted the terminal bank audits for the defunct Manny Bank, Marina Bank, Midas Bank e.t.c in spite of the challenge of adequate documentation. The reports of which eventually became pivotal in liquidation processes. I also led the team for NPA superannuation investigation and the report of which complement business reengineering. I monitored post merger tax investigations of five banks on behalf of the banks and successfully defended the result of the investigation. During this period, I attained self-actualization and enhance corporate efficiency.
Statutory audit and preparation of Accounts
Accounts reconciliation and asset verification.
Vouching of source documents.
Financial due diligent & corporate financial analysis
System narration and internal control review
My work experience at Tunde Oluyemi & Co enhances my expertise in feasibility reporting and financial analysis. Throughout my career in the firm, I assisted small and medium scale enterprises in preparing feasibility reports to secure loan facilities from financial institutions