Ekong Akaninyene Udo.
Cambridge,ON
Summary
A student of Conestoga College with the required skills of an administrative assistant. I have a substantial understanding of supply chain services, general administration, financial management, planning, and reporting. I am a certified accountant with The Institute of Chartered Accountants of Nigeria. Additionally, I have experience developing and implementing enterprise resource planning (ERP) across a range of disciplines and sectors. I have more than twenty years of expertise in forming strategic alliances with organizational leaders to successfully support improvement projects that help the organization achieve its objectives. I am a motivated and aspirational person. In these time frames, I have developed my financial reporting, financial analysis, budgeting, leadership, cross-functional team management, process improvement, verbal and written communication, and interpersonal, and strategic planning skills.
Baker Hughes, a GE Company (oil and gas industry player), Continental Durable Goods Limited (Merchandiser of Beko Brand), and Redcoat Logistics Limited, a provider of supply chain services and logistics. I have good practical ERP knowledge (SAP, QuickBooks, Navision Attain, JD Edwards, Hyperion Financial Management System) good command of Microsoft Word, PowerPoint, and Excel. Payroll management and effective communication and presentation skills.
Overview
24
24
years of professional experience
Work History
General Manager
Continental Durable Goods Limited/Redcoat Logistics Limited
03.2014 - 12.2022
- Reporting to the CEO and The Chairman
- Managed budget implementations, employee reviews, training, schedules and contract negotiations.
- Developed and maintained relationships with customers and suppliers through account development.
- Maximized efficiency by coaching and mentoring personnel on management principles, industry practices, company procedures and technology systems.
- Implemented operational strategies and effectively built customer and employee loyalty.
- Organized budgets, oversaw P&Ls and achieved margin targets consistently to stay on track with growth plans.
- Reduced costs, managed delivery schedules and performed risk analysis to improve overall profitability.
- Drove year-over-year business growth while leading operations, strategic vision and long-range planning.
- Set, enforced and optimized internal policies to maintain responsiveness to demands.
- Assessed reports to evaluate performance, develop targeted improvements and implement changes.
- Enhanced operational efficiency and productivity by managing budgets, accounts and costs.
- Delivered business strategy and developed systems and procedures to improve operational quality and team efficiency
- Developed effective business plans to align strategic decisions with long-term objectives.
- Assessed supplier quality to maintain tight cost controls and maximize business operational performance.
- Designed modern employee recognition program which boosted productivity and improved morale.
- Directed successful operational turnaround, eliminating over $500,000 in debt within 6 months period.
- By doing this, Management was able to surpass the revenue target of $290,000 per month
- Creating focused improvements and implementing cost-effective controls, increased the profit margin by 5% at year-end
- In collaboration with the chief executive officer, general manager of business and development, marketing and brand manager, technical manager, and branch managers, we developed and adopted strategies to address customer complaints, particularly through a programme to collect customer feedback
- As a result, the turnaround time of the customer care unit was reduced from five days to a maximum of two days
- Secured a facility to support the company's operating cash through the issuing of letters of credit by Fidelity Bank for $500,000 and an overdraft of =N=50,000,000
- Negotiated and leased real estate for the company in the amount of $214,000 (lease and refurbishment of real estate for warehouses, showrooms, employee housing, and guest houses in all locations, including the head office in PH, Lagos, Abuja, Asaba, and Uyo)
- Created, implemented, and improved internal control procedures to maintain effectiveness and demand responsiveness
- Creating fruitful connections with Board members, supporting top-level decision-making and strategy planning, and acting as a key representative for important personnel problems
- Managing Public relations for the company with key stakeholders
- Developed and maintained relationships with high-profiled customers and suppliers through monthly calls and scheduled visits
- Delivered company strategy and created methods and practices to boost team productivity and operational quality - Created supply chain processes for deliveries to various branches, including procurement and shipping
- Created, implemented, and tracked processes for ongoing development to increase long-term business performance
- Created, implemented, and maintained a high-calibre work environment to support staff productivity
- A staff purchasing program was implemented to improve and preserve employee welfare and loyalty
- The cost of staff purchases went up by ten million naira
- Decreased monetary irregularities while examining and confirming billing statements and expense reports to guarantee the veracity and accuracy of financial reporting
- Manage the activities related to human resources, such as strategic workforce planning, goal cascading, performance management, rewards, staffing, and benefits
- Talent search, hiring, orientation programs, training for employees
- Reduced budgetary expense through successful contract negotiations that resulted in more advantageous terms
- Firm franchisee product prices were negotiated, saving the company between $20,000 and $50000 USD per shipment
- Supply chain costs were also negotiated, saving the company $900 per shipment
- With the sole purpose of becoming more cost-effective, business planning leaders organized the creation of a sister firm, Redcoat Logistics Limited, that enabled and took part in the company's supply chain
- Proposing new policies, reviewing them frequently in light of industry developments and modifications to governmental regulations, and promoting their adoption and full compliance
- Organizing and leading regulatory audit activities, including compliance, tax (VAT, WHT, and PAYE), and pension audits.
Financial Analyst IV
Baker Hughes Company Limited
09.2010 - 02.2014
- Analyzed financial audit information and made recommendations to improve efficiencies.
- Drafted variance reports, regulatory filings and related schedules.
- Oversaw a team of 5 accounting staff.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Prepared accounts for industry audits and supported audit processes.
- Reviewed budgets, capital appropriations and operating budgets, and communicated findings to senior management.
- Directed accounting operations for businesses turning over $156 million per year.
- Prepared a budget for five product lines, including IPS, Petrolite, Baker Drilling Fluids, artificial lift, and Baker oil tools
- Interacted with contractors, subcontractors and suppliers to guide cost analysis process by establishing and enforcing policies and procedures.
- Completed year-end closing processes with controllers and external auditors.
- Handled internal and external inquiries and complaints submitted by accounts payable clerk, finance director and other department heads, providing outstanding customer service when resolving issues.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Improved operational efficiency and cultivated cost reduction and increased productivity.
- Identified and investigated variances to financial plans and forecasts.
- Reviewed financial reports and streamlined operations to increase productivity and company profits.
- Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability and expense forecasts.
- Enhanced budget administration by reviewing reports, leveraging knowledge to strengthen controls and improve transparency.
- Use HFM to create reports and recommended courses of action to upper management.
- Partnered with auditors on annual audits and realized compliance with governmental tax guidelines.
- Evaluated and improved the accuracy and completeness of financial records.
- Supported monthly reporting analysis to achieve validation of internal reports and to reconcile production operations and general ledger.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Tracked financial progress by creating quarterly and yearly balance sheets.
- Reviewed weekly and quarterly reports on budget performance, directing adherence to the approved budget.
- Supported Drilling Fluids Division’s operational restructuring for profitability and increased margin by 10%, year-on-year year basis for two years from a loss position.
- Using management reporting software, Hyperion management systems (HFM), and Effective Planning Solutions, prepared management reports and delivered presentations to top regional management (EPS).
- prepare and justify for approval capital expenditures for project delivery. For instance, Iron Ox Ltd.-PH built a $5 million mud tank for drilling fluids at Onne, Port Harcourt Nigeria.
Financial Analyst 11
Baker Hughes Company Limited
10.2006 - 08.2010
- Prepared a budget for Drilling and Evaluation Product Line.
- Reported financial data and updated financial records on a monthly, quarterly, and annual basis.
- Reviewed weekly and quarterly reports on budget performance, directing adherence to the approved.
- Using management reporting software, including JDEdwards .
- Balances in the general ledger and accounts were compared. To confirm the correctness and completeness of the data in the ledgers, bank reconciliation, and balance sheet reconciliation .
- Reviewed weekly and quarterly reports on budget performance, directing adherence to the approved budget.
- Increased operational effectiveness and promoted cost-cutting in line with local content regulations. The corporation was able to save $200,000.00 per year by contracting out the local content to Oando and Baker Hughes Nigeria Limited.
- Coordinated and directed regulatory audit exercises, including compliance, tax (VAT, WHT, and PAYE), and financial report audit. Remittances made on time and assurance that the audit is completed and report issues in of before due date.
- Assisting The Monitor's internal control audit and testing exercise in accordance with the SOX initiative to apply critical controls.
- Processing of capital expenditures for the delivery to the Maintenance Unit of Drilling and Evaluation of various drilling equipment and tools.
- Prepared monthly journal entries and reconciliations.
- Completed year-end closing processes with controllers and external auditors.
- Updated general ledger with latest entries.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Tracked and documented all expenses.
- Completed biweekly payroll and maintained employee records.
- Prepared accounts for industry audits and supported audit process.
- Evaluated and improved accuracy and completeness of financial records.
- Reviewed budgets, capital appropriations and operating budgets, and communicated findings to senior management.
- Developed and implemented effective accounting systems.
- Partnered with auditors on annual audits and realized compliance with governmental tax guidelines.
- Helped convert financial department systems from Quickbooks to Navision Attain to SAP.
- Decreased invoicing and receivable cycle times by streamlining billing systems.
- Directed accounting operations for Drilling and Evaluation (D&E) Pl business turning over $200 million per year.
Senior Accountant
Banker Nigeria Limited
01.2003 - 12.2006
- Prepared monthly journal entries and reconciliations.
- Updated general ledger with latest entries.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Partnered with auditors on annual audits and realized compliance with governmental tax guidelines.
- Completed monthly payroll and maintained employee records.
- Tracked and documented all expenses.
- Set up and improved accounting systems and processes to meet business needs and maximize operational success.
- Enhanced budget administration by reviewing reports, leveraging knowledge to strengthen controls and improve transparency.
- Oversaw a team of 5 accounting staff.
- Decreased invoicing and receivable cycle times by streamlining billing systems.
- Assisted team members in transitioning from Quickbooks to Navision Attain through extensive training and one-on-one support.
- Helped convert financial department systems from Quickbooks to Navision Attain.
- Directed accounting operations for business turning over $180 million per year.
- Collaborated with bank representatives to negotiate capital requirements.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
Accountant
Baker Nigeria Limited
01.2001 - 12.2002
- Gathered financial information, prepared documents, and closed books.
- Documented cash, credit, fixed assets, accrued expenses and line of credit transactions.
- Reconciled accounts and reviewed expense data, net worth and assets.
- Evaluated and improved accuracy and completeness of financial records.
- Supported monthly reporting analysis to achieve validation of internal reports and to reconcile production operations and general ledger.
- Reviewed accounting structures and procedures on regular basis to identify areas in need of improvement.
- Brought errors to near-zero in reporting, payroll administration and general bookkeeping.
- Set up and improved accounting systems and processes to meet business needs and maximize operational success.
- Partnered with auditors on annual audits and realized compliance with governmental tax guidelines.
- Monitored a 3-employee team while handling day-to-day accounting processes and financial accuracy.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating and cash and banking reconciliations.
- Reconciled accounts and reviewed expense data, net worth and assets
- Coordinated and directed regulatory audit exercises, including compliance, tax (VAT, WHT, and PAYE), and financial report audit. Remittances made on time and assurance that the audit is completed and report issues in of before due date.
- Assisting The Monitor's internal control audit and testing exercise in accordance with the SOX initiative to apply critical controls.
Accounting Officer
Taylek Drugs Company Ltd
01.1999 - 12.2000
- Operated cash register for cash, check and credit card transactions with excellent accuracy levels.
- Maintained clean and organized files by keeping accounts payable records up-to-date.
- Processed payments and documents such as invoices, journal vouchers, employee reimbursements and statements.
- Applied proper codes to invoices, files and receipts to keep records organized and easily searchable.
- Used accounting software to prepare weekly and monthly financial reports.
- Monitored status of accounts receivable and payable to facilitate prompt processing.
- Reviewed figures, postings and documents for correct entry, completeness and accuracy.
- Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
- Completed weekly check runs and maintained accounting ledgers by verifying and posting account transactions into accounting system.
- Investigated daily variances and corrected errors to resolve discrepancies.
Education
Post Graduate Certificate - Administrative Business Management
Conestoga College
04.2023
B.Sc. - Accounting
University of Calabar
Calabar, Nigeria12.1996
Skills
- Functional Team Management
- Process Improvement
- Strategic Planning
- Interpersonal Skills
- Human Resources Leadership
- Negotiation
- Profit and Loss Accountability
- Verbal and Written Communication
- Vendor Negotiations
- Team Oversight
- Budgeting and Cost Control Strategies
Accomplishments
1. Established the Accounting department of Baker Nigeria Limited, Drilling and Evaluations, initiating ERP implementation(Quickbooks).
2. Formulated the Account payable process flow and established the department in Drilling and Evaluation.
3. Formulated payroll template for the Product line
4. A team member of A mud tank building project for Drilling fluids at Onne Port Harcourt, Nigeria
5. Revised Inventory procedure to mitigate theft and loss of revenue in Drilling fluids-Onne-Nigeria
6. Contracting harvesting with Local content vendor OandO with savings of $50,000 per month.
7. Nominated as a super user for SAP deployment in Baker Hughes Nigeria- Lagos Nigeria. We implemented Levels 3 and 2 successfully.
8. Superuser in HFM and EPS ERP implementation projects
9. Set up the finance and Human resource department and deployed the ERP with the required process flow and procedure in Continental Durable goods limited- Port Harcourt Nigeria
10. Renegotiated the purchase price with our Franchisee in Turkey (Beko) with a cost-saving estimation ranging from $20000 per shipment.
11. Introduce a staff purchasing scheme at a discount for staff at Continental Durable Goods limited.
Affiliations
- International Association of Administrative Professionals
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
Try not to become a man of success. Rather become a man of value.
Albert Einstein
Timeline
General Manager
Continental Durable Goods Limited/Redcoat Logistics Limited
03.2014 - 12.2022
Financial Analyst IV
Baker Hughes Company Limited
09.2010 - 02.2014
Financial Analyst 11
Baker Hughes Company Limited
10.2006 - 08.2010
Senior Accountant
Banker Nigeria Limited
01.2003 - 12.2006
Accountant
Baker Nigeria Limited
01.2001 - 12.2002
Accounting Officer
Taylek Drugs Company Ltd
01.1999 - 12.2000
Post Graduate Certificate - Administrative Business Management
Conestoga College
B.Sc. - Accounting
University of Calabar
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