Summary
Overview
Work History
Education
Skills
Certification
Affiliationsvoluntaryworkworkshop
Corecompetences
Languages
Timeline
Generic

AFOLABI SOSINA

Greater Sudbury,Canada

Summary

Proven commercial finance strategist with over a decade of experience in financial practices, business modeling, and delivering business solutions. Adept in financial control, internal and external audit, financial planning, treasury, investment portfolio management, and strategic business partnering. Strong in technical analysis, reporting, and compliance with tax laws, demonstrating effective leadership and collaboration skills.

Overview

16
16
years of professional experience
1
1
Certification

Work History

Accounts Recovery Associate

Ministry of Finance
05.2024 - Current
  • Identified and prioritized high-value accounts for recovery, resulting in significant revenue growth
  • Prepared detailed analytical reports to inform management decisions and optimize recovery processes
  • Conducted thorough investigations to resolve complex account discrepancies, improving payment rates by 62.6%
  • Implemented effective recovery strategies to engage taxpayers, leading to increased payment plans and settlements
  • Ensured accurate and up-to-date records of account activities and payments with a high level of data integrity
  • Developed and implemented new recovery strategies, reducing the average recovery time by 45%
  • Spearheaded delinquent account recovery efforts, resulting in the successful recovery of $2 million in unpaid taxes
  • Created comprehensive reports on account strategies and recovery efforts to refine departmental changes
  • Negotiated and secured repayment plans for over 500 taxpayers, with a 40% increase in voluntary compliance
  • Collaborated with the audit team to streamline the compliance review process, reducing audit time by 20%
  • Tracked and reported on account recovery progress to management, identifying areas for improvement
  • Utilized data analytics tools to identify trends, leading to a 15% improvement in targeted recovery efforts from PCA
  • Stayed up-to-date with changes in tax laws and regulations, ensuring compliance and minimizing risk
  • Ensured 100% compliance with legal and regulatory standards in all collection activities

Associate Finance Director (Treasury & Tax)

Dentsu Holdings
07.2021 - 12.2023
  • Verified the precision of monthly, quarterly, and annual entries in the Income and Balance Sheet Statements
  • Developed a billing policy that yielded sustainable business growth exceeding $40 million
  • Drove a group-wide cash-cow business, achieving a profitability growth in excess of $3.5 million
  • Conducted internal audit checks and analytical reviews of financial results for informed business decisions
  • Achieved back-to-back liquidity and treasury portfolio targets exceeding the group threshold of +11%
  • Coordinated the external audit reporting cycle for fifteen (15) listed entities within the MFD group
  • Prepared an ad-hoc report on financial risk mitigation, contributing a value of $17.8 million
  • Implemented period-end statutory reporting, tax filings, internal audit reviews, and investment rationalization
  • Reviewed Blackline dashboards to investigate delinquencies in task and reconciliation completions by the team
  • Collaborated to rectify and resolve all delinquencies for subsequent month-end analysis
  • Scrutinized the integrity of the general ledger, sub-ledgers, and controls, achieving a productivity ratio of +34%
  • Managed a receivable cycle with an average collection day of 0 and 30 days
  • Aggregated commercial options, resulting in a trading income of $892,000
  • Played an advisory role in cash flow management and strategic collection of debtor risk profiling
  • Engaged key stakeholders in achieving an organic growth margin of +9% year-on-year
  • Attained 100% accuracy in reviewing ledger entries, payroll preparation, and cost-saving metrics of -6%
  • Formulated and applied tax strategies to business transactions, reducing exposure to tax liability

Senior Financial Controller

Carat ICP Limited
07.2018 - 06.2021
  • Company Overview: a Subsidiary of Dentsu Nigeria
  • Provided group-wide three-year strategic financials, month-end, ad-hoc analysis reports, budgets, and re-forecasts
  • Ensured a strategic financial focus on the authentic drivers behind the business's revenue growth
  • Established a financial management reporting cycle with an active sales value of $14.2 million
  • Proactively engaged operational finance to identify and review month-end revenue streams and cost accrual journals
  • Managed financial transactions for major corporations such as Procter & Gamble, Guinness, Coca-Cola, Nestle Plc
  • Reviewed and approved the reconciliation of key and non-key financial items on the Blackline data platform
  • Managed the reconciliation of commercial and billing portfolios, aligning them with their respective revenue streams
  • As a primary point of contact, engaged external auditors to ensure the prompt closure of annual reports and filings
  • Prepared insightful monthly management reports for key stakeholders in line with best financial practices
  • Published key business narratives and indices, highlighting a business growth potential of $10.5 million
  • In-depth reconciliation of vendors' and clients' accounts, leading to a recovery that surpassed +12% write-back
  • Advocated for a year-on-year revenue growth margin worth $1.7 million within the group net portfolio
  • Coordinated a balance sheet clean-up of a substantial volume of data from 2014-2017, totaling $11.5 million
  • Reviewed month-end trial balances and general ledgers for accurate postings
  • A Subsidiary of Dentsu Nigeria

Finance Manager- Control

Media Fuse Aegis Network
02.2014 - 06.2018
  • Formulated a lead time schedule to ensure the timely review of distilled reports valued at $9 million
  • Solely orchestrated negotiations for a 25% equity shareholding contribution from Dentsu, Japan
  • Performed an in-depth analysis of preoperational and start-up costs for a prospective company valued at $362,000
  • Implemented a manual records system for all accounts payable and receivable, achieving error-free operations
  • Spearheaded a steady growth turnover in the 2014/2015 period, surpassing average industry-wide performance
  • Implemented an efficient reporting cycle for budgeting and a debtor collection period with a growth rate exceeding +6%
  • Conducted periodic assessments of internal control adequacy in alignment with standard operating procedures
  • Investigated tax audit findings, resulting in the resolution of an unsubstantiated tax audit liability of $1.2 million
  • Instituted a seamless monthly bank reconciliation process within the group
  • Reconciled all compliances and distilled reports, yielding a yearly recoverable revenue of $6 million
  • Analyzed the activity of cost drivers and return on investment for the entire group

Audit & Tax Analyst (Transactions Services)

OR&C Consultants & Audit
11.2011 - 02.2014
  • Contributed to the planning and scoping of audit engagements for Nestoil Plc and Fidelity Bank
  • Spearheaded the preparation of extended trial balances, adjustment journals and audit classifications
  • Conducted a detailed analytical review as part of a recovery assignment
  • Identified and assessed risks of material misstatement in financial records
  • Prepared financial statements in compliance with the applicable financial reporting framework
  • Concluded audit tax reconciliation findings with the Revenue Service
  • Reviewed and emphasized transactions pertaining to the period after year-end and tested their significance
  • Addressed additional consulting tasks as assigned by the Managing Partner

Financial Accountant/Analyst

Quick Link Global Logistics Limited
03.2009 - 08.2011
  • Maintained and updated the financial accounting records of the company
  • Analyzed financial records to generate monthly financial statements
  • Prepared and submitted daily, monthly, and yearly returns to the Central Bank of Nigeria
  • Collaborated with key stakeholders in fund servicing activities to deliver portfolios to clients
  • Reviewed and managed the source and use of cash outlay for the company
  • Prepared monthly analyses of the cost of goods sold and operational expenses
  • Conducted, reviewed, and evaluated cost drive-down indices, achieving a reduction of 22%
  • Reconciled accounts payable and receivable to the general ledger
  • Prepared financial management reports, including financial planning and forecasting

Education

Master of Business Administration -

Universidad Catolica De Murcia San Antonio
08.2022

Postgraduate Extended Diploma in Business Management - Distinction

Cambridge International College
01.2022

Bachelor of Science -

Olabisi Onabanjo University
07.2007

Skills

  • Financial Risk Assessment
  • Cashflow Management
  • Financial Analysis and Interpretation
  • Payroll analysis and statutory remittances
  • Internal audit analysis and framework
  • Tax Audit Investigation and Return Filings
  • Team building
  • Motivation
  • Collaboration
  • Financial Metrics Insight for Business Growth
  • Affinity with numbers
  • Interpretation of financial ratios
  • Proficiency in Microsoft Office Tools
  • Experience with ERP Systems

Portfolio Management

Collections Strategy

Collaboration and Teamwork

Crisis Intervention

Workflow Management

Quality Assurance

Certification

  • Fellow Chartered Accountant(FCA) [Institute of Chartered Accountants of Nigeria] [2022 April]
  • Associate National Institute of Marketing of Nigeria(ANIMN) [The National Institute of Marketing of Nigeria] [2007, May)
  • Associate Nigerian Institute of Management (ANIM) [The Nigerian Institute of Management] [2005 June]

Affiliationsvoluntaryworkworkshop

Community Volunteer, [YMCA of Northeastern Ontario], 2024, present

Community Volunteer [Sudbury Performance Group] 2024, present

Remote Volunteer. [The Watch Tower Society of Jehovah's Witnesses] 2022 to 2023

Bethel Consultant, [The Watch Tower Society of Jehovah's Witnesses] 2021 to 2022


Optimizing Business Financial Health, 2023

Corecompetences

  • Financial Risk Assessment
  • Cashflow Management
  • Financial Analysis and Interpretation
  • Payroll analysis and statutory remittances
  • Internal audit analysis and framework
  • Tax Audit Investigation and Return Filings
  • Team building, motivation and collaboration
  • Financial Metrics Insight for Business Growth
  • Affinity with numbers and interpretation of financial ratios
  • Proficiency in Microsoft Office Tools (Word, PowerPoint, Advanced Excel)
  • Experience with ERP Systems: Navision, SAGE, Peachtre

Languages

English
Native or Bilingual

Timeline

Accounts Recovery Associate

Ministry of Finance
05.2024 - Current

Associate Finance Director (Treasury & Tax)

Dentsu Holdings
07.2021 - 12.2023

Senior Financial Controller

Carat ICP Limited
07.2018 - 06.2021

Finance Manager- Control

Media Fuse Aegis Network
02.2014 - 06.2018

Audit & Tax Analyst (Transactions Services)

OR&C Consultants & Audit
11.2011 - 02.2014

Financial Accountant/Analyst

Quick Link Global Logistics Limited
03.2009 - 08.2011

Master of Business Administration -

Universidad Catolica De Murcia San Antonio

Postgraduate Extended Diploma in Business Management - Distinction

Cambridge International College

Bachelor of Science -

Olabisi Onabanjo University

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AFOLABI SOSINA