JAMES BOBOYE FASAYE
Halifax,NS
Summary
A chartered accountant with over 20 years of experience in financial reporting, financial analysis, accounts reconciliations and strategic thinker for an enhanced decision making. Experiences span across power/electricity generation, electricity transmission and distribution Industries’ value chain. I also have strong manufacturing industries' experience. Results-driven and experienced in (SAP B1) ERP implementation and financial systems analysis. Adept at optimizing financial processes and ensuring seamless integration of ERP solutions. Strong analytical skills, with a proven track record in project management and cross-functional collaboration. A high performing value executive leader, an effective problem solver with excellent communication skills in English, collaborator, flexible and a great team player, confident in ability to take on a trusted and professional role.
Overview
25
25
years of professional experience
1
1
Certification
Work History
Deputy Chief Operating Officer, Finance and Accounts
Genesis Energy Group
08.2022 - 05.2024
- Was responsible for the entire Genesis Energy Group Finance and administrative decision making, Cost savings strategy, investment analysis to defend decisions making at the Management level and Board level
- Results-driven Finance System Analyst with over 10 years of experience in ERP implementation and financial systems analysis
- Adept at optimizing financial processes and ensuring seamless integration of ERP solutions
- Strong analytical skills, with a proven track record in project management, financial reporting, and cross-functional collaboration
- Spearheaded the implementation of SAP B1 (ERP) in Tower Aluminium Group of companies, resulting in a 50% increase in financial process efficiency and aluminium materials pilferage and scraps processing benchmark
- Analyzed financial data to support strategic decision-making, reducing reporting time by 35%
- Collaborated with IT and finance teams to ensure system integration and data integrity
- Developed and maintained financial dashboards and reports, improving transparency and accountability
- Assisted and coordinated preparation of annual capital asset budget and quarterly forecasts
- Coordinated to ensure completion of annual capital asset count and impairment testing and coordinated internal and external audit functions with capital asset testing and inquiries
- Ensured statutory compliance with all local authority matters, submission of statutory reports in a timely manner complying with the local reporting regulations
- Manages and oversees internal, external and regulatory audit processes
- Managed and supervised all banking activities of the organization and managed all tax audits and related process
- Ensured adequate controls are installed and that substantiating documentation is approved and available such that all purchases/expenses may pass independent and governmental audits
- Performed strategic Financial Planning & Forecasting
- Communicated the group’s strategic goals & focus and board’s priorities to subordinates in a clear and precise manner
- Leveraged strong functional leadership and communication skills to influence the executive team, the business managers and own team
- Analyzed creatively and practically to plan, develop, execute and implement new business plans and ventures
- Analyzed financial data and market trends to improve profits, including project viabilities, cost benefit analysis and exploring new business opportunities
- Provided excellent leadership by assigning team members and others to the job at hand
- Ensured team members are cross-trained to support successful daily operations
- Conducted annual performance appraisals with direct reports
Senior Vice President, Finance and Account
Genesis Energy Group
01.2020 - 07.2022
- Utilized interpersonal and communication skills to lead, influence, and encourage others, advocated sound financial/business decision making, demonstrated honesty/integrity
- Conducted performance review process for employees with Group Head of HR
- Advised the Managing Director and executive committee on existing and evolving operating and financial issues
- Managed working capital and cashflow in accordance with board guidelines
- Raised funds from banks for both working capital and long-term debts, equity raise and debt through Capital Market (Bonds)
- Restructured debts with banks and Creditors
- Establishment and management of a strong treasury and cash management internal control system
- Trained the finance team and other required staff on raising awareness and knowledge on financial management matters
Group Head Finance & Admin
Genesis Energy Group
04.2014 - 12.2019
- Directly coordinated the activities of the entire Group's financial activities
- Established control and implementations of internal control system
- Performed financial planning and budgeting for the Group of companies
- Developed financial strategy, enforced compliance and regulatory frameworks, power purchase negotiations, leadership and team management, tax planning, treasury management, risk management and financial reporting
- Ensured accurate and timely financial reporting to stakeholders, including management, board of directors, and regulatory authorities
- Strategically managed financial risks, assessing, including market risks, credit risks, and operational risks
- Treasury Management: Managed cash flow, liquidity, and investments to optimize financial resources
- Compliance and Governance: Ensured compliance with financial regulations, accounting standards, and internal policies
- Financial Operations: Oversaw day-to-day financial operations, including accounts payable, accounts receivable, and payroll
- Stakeholder Relations: Built and maintained relationships with investors, creditors, auditors, and other stakeholders
- Leadership and Team Management: Provided leadership, guidance, and support to the finance team, fostering a high-performing and collaborative work environment
Financial Controller
Momas Electricity Meters Manufacturing Company Ltd.
10.2012 - 03.2014
- Ensured accurate meter production costing, Ancillaries costing of meter casing and other accessories, letter of credit for SKD and CKD Importation and clearing from the sea port
- Ensured compliance with regulatory body
- Oversaw the operations of Accounts Department, preparation of landed cost sheet for product pricing
- Coordinated banking relationships, Effective safeguard of company's financial assets and ensured effective and value adding business relationships are built with auditors, customers and Regulatory Authorities
- Worked with the leadership team to ensure administration of the ERA process and ensured adherence to Company policy
- Supervision of schedules of all statutory payments such as payee, VAT, WHT etc, also ensured compliance with all statutory laws, supervision of company's receivables and payables
- Monitoring/Supervision of staff loans and advances, Banks and accounts reconciliations supervision, setting up of good stores procedural control and stores organization
Finance Manager
Income Electrix Ltd
05.2010 - 09.2012
- Oversaw the operations of Accounts Department; supervision of Projects, Management, Opening of Letter of Credits, preparation of landed cost sheet
- Coordinated banking relationship, Processing of APG for NIPP and TCN projects
- Annual Accounts and schedule preparation, follow up with Re-computation of various interest and charges charged by the bank and ensured that excess are reversed
- Ensured effective safeguard of Company’s financial assets, ensured effective and value adding business relationships are built with Auditors, Customers and Regulatory Authorities
- Supervised schedules of all statutory payments such as payee, vat, wht etc
- Ensured compliance with all statutory laws, Supervision of company’s receivables and payables, Monitoring/Supervision of staff loans and advances
- Banks and accounts reconciliations supervision; setting up of good stores Procedural control and stores organization
Regional Chief Accountant
Asaba Aluminum Company Ltd- Tower Aluminum Group
09.2007 - 04.2010
- Prepared monthly management accounts, quarterly management accounts and annual presentations
- Coordinated yearly budget planning and presentations by various department and ensured strict compliance with approved budget including capital budgeting
- Ensured that SAPB1 are properly implemented in all division, reports were generated, reconciled and sent to Head office weekly
- Supervised all accounts staff and stores unit including inventories management and coordinate
- Ensured compliance with internal control system and ensured that the company did not suffer any loss (Economic or Financial)
- Co-ordinated and supervised accounting activities of all the five Division (Asaba, PHC, Benin, Enugu divisions and Holloware division with monthly visit to all units
- Ensured effective and value adding business relationships are built with auditors, customers and regulatory authorities
- Supervised company’s receivables and payables to ensure collection and improved cash flow
- Presented accounting performances at yearly mid-year review with offshore Directors at the Head office in Lagos, Nigeria
- Supervised to ensure remittance of technical service fee to offshore partners in line with technical service agreement approved by National Office for Technology Acquisition and Promotion
- (NOTAP)
- Handled all statutory payments such as PAYE, VAT, WHT, Acceptance Certificates and ensured compliance and prompt payment
- Supervised all cash and banking activities
- Monitored and supervised staff loans and advances
Chief Accountant
Shongai Packinging Industry Ltd. - SONA Group
02.1999 - 07.2007
- Coordinated the operations of the accounts department and presented all relevant financial reports to the management including board pack presentation, also ensured and monitored monthly stock taking exercise to reconcile all raw materials and finished goods
- Supervised foreign procurements of raw materials, input/output analysis, landed cost of raw materials, store reconciliation of raw materials and investigated variances on material usages
- Supervised and ensured timely submission of weekly, Monthly and Quarterly reports for the Management, annual Accounts and schedule preparation, Products costing and material usage analysis
- Re-computed all banks interest and other charges charged by the bank and ensured excess charges are reversed
- Effectively safeguarded company’s financial assets, prevention of loss and theft, insurance and risk management and financial reporting accuracy
- Monitored or supervised all staff loans and advances including banks and accounts reconciliations (receivables and payables not left out)
- Supervised all payroll activities including call duties and overtime payments
- Ensured compliance to all statutory payment and reporting by filling of all relevant reports as at when due
- Collaborated with other departments for better decision making, stronger relationship and communication and to enhance efficiency and productivity
Education
Accounting and Payroll Administration -
ABM College of Business and Technology
Calgary, Alberta01.2024
Post Graduate Diploma in Financial Management -
University of Ado Ekiti
Ado-Ekiti, Nigeria01.2003
Higher National Diploma - Accountancy
The Federal Polytechnic
Ado Ekiti, Nigeria01.1995
National Diploma - Accountancy
The Federal Polytechnic
Ado Ekiti, Nigeria01.1992
Skills
- Leadership Skills
- Communication Skills in English
- Effective Time Management
- Adaptability
- Analytical thinking and problem solving
- Team Player
- Excellent computer skills
- Works well under pressure
- Budgeting and Budgeting Control
Certification
- Associate Member, Institute of Chartered Accountants of Nigeria, ICAN ACA, 2009
- Fellow Member, Institute of Chartered Accountants of Nigeria, ICAN FCA, 2021
- Associate member, Chartered Institute of Taxation of Nigeria, CITN, 2011
- Fellow Member, Chartered Institute of Taxation of Nigeria, CITN, 2022
Locations
- London, London, England
- Abuja, Abuja, Nigeria
- Lagos, Lagos, Nigeria
- Port Harcourt, Port Harcourt, Nigeria
- Asaba, Asaba, Delta State, Nigeria
- Sango Ota, Sango Ota, Nigeria
- Calgary, Calgary, Alberta, Canada
- Ado-Ekiti, Ado-Ekiti, Nigeria
References
Available Upon Request.
Languages
English
Full Professional
Timeline
Deputy Chief Operating Officer, Finance and Accounts
Genesis Energy Group
08.2022 - 05.2024
Senior Vice President, Finance and Account
Genesis Energy Group
01.2020 - 07.2022
Group Head Finance & Admin
Genesis Energy Group
04.2014 - 12.2019
Financial Controller
Momas Electricity Meters Manufacturing Company Ltd.
10.2012 - 03.2014
Finance Manager
Income Electrix Ltd
05.2010 - 09.2012
Regional Chief Accountant
Asaba Aluminum Company Ltd- Tower Aluminum Group
09.2007 - 04.2010
Chief Accountant
Shongai Packinging Industry Ltd. - SONA Group
02.1999 - 07.2007
Accounting and Payroll Administration -
ABM College of Business and Technology
Post Graduate Diploma in Financial Management -
University of Ado Ekiti
Higher National Diploma - Accountancy
The Federal Polytechnic
National Diploma - Accountancy
The Federal Polytechnic
Accomplishments
- Collaborated with team of [Number] in the development of [Project name].
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
swipe to browse
Software
Sage 50, Quickbooks, SAP-B1
Work Preference
Work Type
Full TimePart TimeContract WorkWork Location
RemoteOn-SiteHybridImportant To Me
Career advancementWork-life balancePersonal development programsCompany CultureWork from home optionTeam Building / Company RetreatsHealthcare benefitsFlexible work hoursSimilar Profiles
Toluwanimi OgedegbeToluwanimi Ogedegbe
Project and Procurement Manager at GENESIS ENERGY GROUPProject and Procurement Manager at GENESIS ENERGY GROUP
Shilpa Rohan EmmanuelShilpa Rohan Emmanuel
Senior Test Analyst -Contractor/Permanent at Genesis Energy - NZ Energy Utilities CompanySenior Test Analyst -Contractor/Permanent at Genesis Energy - NZ Energy Utilities Company
Trupti DarjiTrupti Darji
Sales Representative at Genesis EnergySales Representative at Genesis Energy