Summary
Overview
Work History
Education
Skills
Volunteer Experience
Timeline
Generic

Afolami Awokulehin

Halifax,Canada

Summary

I am experienced in financial reporting, planning and analysis. I am a team player possessing leadership, communication, and interpersonal skills with a proven ability to perform superbly in critical assignments.

Overview

11
11
years of professional experience

Work History

Team Lead, Financial reporting and treasury operations

Credit Direct Limited
Ikeja, Lagos
12.2017 - 12.2021
  • Credit Direct Limited is a Central Bank of Nigeria regulated Finance Company with 50 business offices in 25 States in Nigeria
  • The company has 1,200 employees and risk assets on excess of $120 million.
  • Updated the funding policy that ensured Weighted Average Cost of Capital was reduced by 7.8% and interest expenses by over $350,000
  • Forecasted cash flows, payments and collections, and made interest rate pricing decisions on the funding of company operations worth $21.5 million
  • Prepared and posted monthly account payables, receivables schedule and other journals entries
  • Conducted scenario planning and stress testing to hedge against foreseeable risk (adverse conditions) that could hinder the operations of the company
  • Processed various forms of taxes (Company Income Tax (CIT), Withholding Tax (WHT), Value Added Tax (VAT), Etc.) and pensions to appropriate tax authority and administrators respectively
  • Led the team managing the upgrade of Microsoft Dynamics Software from version 2013 to 2017 which led to paperless processing of transaction and reduced paper cost by 75%

Control, Compliance and Governance Officer (Internal audit)

Credit Direct Limited
Ikeja, Lagos
01.2014 - 11.2017
  • Provided assurance the financial statements were prepared accurately and in compliance with International Financial Reporting Standards and other industry standards (CBN prudential guidelines)
  • Planned and performed the audit engagement across the company's divisions
  • Reviewed and prepared audit reports and communicated findings to divisional heads, senior management and audit committee of the board
  • Reduced the turn-around-time in submitting audit reports by 25%
  • Reviewed the work of five team members to ensure sufficiency and adequacy of audit procedures and audit risks were properly managed
  • Reviewed and recommended the update of the company's Enterprise Risk Management framework to cater for gaps identified in order to avoid exposure to regulatory sanctions

Finance Officer

Trepho Concept
Ikeja, Lagos
09.2012 - 12.2013
  • Established the financial and management accounting procedures and systems and provided the necessary guidelines for preparation of yearly budget exercise
  • Prepared account payables and receivables schedule on a monthly basis using Microsoft Excel
  • Prepared the preliminary financial statements in compliance with Statements of Accounting Standards and coordinated the departmental activities during audits including yearly statutory and tax audits
  • Prepared weekly financial performance reports, including monthly budget variance report for management with the aid of Microsoft Excel, Word and PowerPoint
  • Prepared monthly payroll schedule with information provided by Human Resource department
  • Ensured timely filing of annual financial statements with the Financial Reporting Council (FRC) and liaised with relevant stakeholders (banks, auditors and tax authorities)

Account Officer

Celtron Group - Celt Investment Limited
Ikeja, Lagos
06.2011 - 09.2012
  • Prepared the financial statements both for external and management uses
  • Processed all financial transactions including invoicing of customers demand
  • Provided supports for audits including yearly statutory and tax audits
  • Analyzed financial data to ensure efficient use of resources
  • Ensured compliance with State and Federal Government regulations and restrictions
  • Prepared the monthly payroll schedule of staffs and the commission of dealers

Management Trainee

ACTS Professional Services/Ignatius Adegunle & Co
Marina, Lagos
12.2010 - 05.2011
  • Collated preliminary information and reports for proposals to be sent to potential clients
  • Prepared the Pay as You Earn tax (PAYE) computation for staffs of client organizations
  • Prepared the budget and cash flow for clients ranging between $1,250 and $1.8 million
  • Collated the necessary documents for clients undergoing statutory audit reviews by tax authorities
  • Prepared the firms’ petty cash, bank reconciliation, salary schedule and other internal financial systems functions

Director of Finance

Neptune Theatre
Halifax, NS
02.2022
  • As Director of Finance, I am saddled with the responsibility of executing/implementing the strategic thrust of the business including its financial strategy, operations strategy, and ensuring sound financial management for a dynamic not-for-profit organization
  • Some of my key accomplishment include:
  • Conduct measurement and evaluation of related goals and objectives and the accurate and timely reporting of financial results.
  • Provide leadership and employee oversight.
  • Develop and monitor control systems designed to preserve and leverage the organization’s assets to achieve overall success and long-term sustainability.
  • Oversee the statutory filings and payments of the organization; Manage capital assets, spending and life-cycle planning: operating and capital expenditures, general and cyber security; and insurance and risk mitigation.

Education

Member, Chartered Professional Accountants (CPA) - Canada -

01.2019

Fellow, Association of Chartered Certified Accountants (ACCA) - UK -

01.2013

Bachelor of Science, Accounting -

01.2011

MBA - Financial Services

Dalhousie University
Halifax, NS

Skills

  • Finance professional with over 10 years of experience in planning, administration and control of corporate accounting, finance, and tax operations
  • Expertise in financial modeling and forecasting
  • Experienced in financial planning, analysis and reporting
  • Knowledgeable in general accounting and month-end reporting including posting of journal entries and periodic bank reconciliations
  • Knowledgeable and experienced in regulatory compliance and reporting
  • Ability to accurately manage day-to-day payment cycle activities efficiently, while ensuring revenues are properly documented and reconciled
  • Proficient with Microsoft Dynamics software (ERPS), and Microsoft Office

Volunteer Experience

Daystar Christian Center, 06/2007, Present, Part of team of volunteers ensuring vehicular orderliness, provide basic security and surveillance in and out of the car parks, and also ensuring sanity on the roads leading to all Daystar facilities

Timeline

Director of Finance

Neptune Theatre
02.2022

Team Lead, Financial reporting and treasury operations

Credit Direct Limited
12.2017 - 12.2021

Control, Compliance and Governance Officer (Internal audit)

Credit Direct Limited
01.2014 - 11.2017

Finance Officer

Trepho Concept
09.2012 - 12.2013

Account Officer

Celtron Group - Celt Investment Limited
06.2011 - 09.2012

Management Trainee

ACTS Professional Services/Ignatius Adegunle & Co
12.2010 - 05.2011

Member, Chartered Professional Accountants (CPA) - Canada -

Fellow, Association of Chartered Certified Accountants (ACCA) - UK -

Bachelor of Science, Accounting -

MBA - Financial Services

Dalhousie University

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Afolami Awokulehin