ADEMOLA AYENI
Brampton,ON
Summary
Profile Summary Ambitious and performance-driven Account and Finance professional, with an extensive experience in all relevant financial functions within the company, adept at managing financial teams, allocating budget, completing financial reports and statements, and conducting financial forecasts.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Senior Manager, Finance
Aframero Limited
09.2019 - 04.2023
- Aframero limited a foremost and one of the biggest providers of premium, standardized components and materials to the furniture and building industries in Nigeria and sub-Sahara africa
- Responsible for overseeing the daily accounting functions to support the goals for the businesses within the organization
- This includes planning, directing and coordinating all accounting operational functions
- Coordinating and preparing internal and external financial statements
- Executed finance Policies, procedures and systems, managed end-to-end Finance Department & its processes, managed Accounts Payables & Accounts Receivables, prepared Monthly, Quarterly & Annual Financial Reports, maintained & ensured integrity of Accounts Data
- Conducting credit checks on new customers, resolving problems in relation to invoice payments, and reconciling complex month-end accounts
- Achievements:
- Renegotiated non-performing loan of $741,847.83 with GTB, and it was paid within 4 months from the proceed of unutilized components
- Reconciled and transferred of outstanding $180,000 to the employee's pension account with different pension fund manager, which led to dismissal of all litigations against the company.
Senior Accountant
Punch Nigeria Limited
01.2013 - 08.2019
- Proposed and implemented action plans that improved profitability and cash generation
- Managed the accounting team, including Accounting Leads, A/R, A/P, and Payroll staff
- Collaborated with direct colleagues and the business partners about approach and methods that reduced cash collection period
- Managed financial institutions relationship and all other related stakeholders
- Achievements:
- Litigation support as principal witness that led to recovery of $346,000 that was diverted into personal use by some employees
Accountant
Punch Nigeria Limited
01.2010 - 12.2012
- Oversee monthly, quarterly, and year-end journal entries and supporting documentation, including analysis of final posted balances
- Ensure controls are in place to adequately monitor the company’s approvals matrix for various corporate payments
- Responsible for reviewing monthly bank reconciliations and investigation of reconciling items for various legal entities.
Financial Analyst
UAC (MNE) PLC
03.2007 - 12.2009
- Reviewed all production orders and checked for compliance with established standards;
- Analyzed variances and get answers from the people involved in production for the cause;
- Verified all inventory adjustment requests made by the production team and processed them in the system;
- Participated in monthly and annual inventory counts;
- Tracked purchases on a regular basis to ensure inventory accuracy;
- Visited factories to observe production lines and looked at different product families for understanding and opportunities for improvement;
Education
International Business Management
Niagara College
Toronto, ON2023
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Institute of Chartered Accountant Nigeria (ICAN)
2012
Master of Business administration (MBA - Finance
Federal University of Technology
2010
Bachelor of Science - Accounting
University of Ado Ekiti
2002
Skills
- Strategic and analytical skills
- Be tech-savvy
- Adaptability
- Honesty and strong values
- Strong communication skills
- Leadership skills
- Industry-specific knowledge
- Keep learning
Languages
English
Full Professional
Certification
Institute of Chartered Accountant Nigeria (ICAN) 2012
Associate member
License No: 034777
Chartered Institute of Taxation Nigeria (CITN) 2015
Associate member
License No: 018116
Timeline
Senior Manager, Finance
Aframero Limited
09.2019 - 04.2023
Senior Accountant
Punch Nigeria Limited
01.2013 - 08.2019
Accountant
Punch Nigeria Limited
01.2010 - 12.2012
Financial Analyst
UAC (MNE) PLC
03.2007 - 12.2009
International Business Management
Niagara College
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Institute of Chartered Accountant Nigeria (ICAN)
Master of Business administration (MBA - Finance
Federal University of Technology
Bachelor of Science - Accounting
University of Ado Ekiti
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