Michael Ogedengbe

• Providing leadership, operational and strategic direction in supporting the Agency’s financial operations, its supply chain and vendor management system
• Prepare, administer, monitor, and control the Agency’s periodic operating budgets of over $60 million, involving multiple stakeholders
• Oversight on monthly close process to ensure financial information is accurate and distributed in a timely manner
• Preparation of monthly, quarterly, and annual financial statements package including balance sheets, income statements, cash flow statement
• Managing vendor relationships by negotiating contracts and ensuring timely delivery of goods and services
• Utilizing power query and power pivot in analyzing general ledger data while building reports dashboards for insights
• Evaluate existing systems of control and made recommendations for improvement where necessary
• Accomplishing financial objectives by forecasting requirements, scheduling expenditures and preparing annual budgets
• Support senior management in developing strategies for improving overall financial performance of the organization
• Analyzing business performance data and forecasted business results for Senior Leadership Team and Board of Directors
• Reorganize finance and accounting departments to improve efficiency and cut excess spending
• Communicate with project management and Project Lead to monitor job progress cost reporting
• Enhance team member performance through use of strategic and tactical approaches, motivational coaching and training
• Preparation of bi-annual HST and applicable CRA annual charity return

• Created financial models to easily perform financial analysis and financial reporting for timely delivery to the Finance and Administration Committee monthly
• Verified and posted account transactions to prepare checks and maintain general ledgers.
• Prepared monthly management and financial reports and handled annual budget preparation and year-end reconciliations.
• Investigated discrepancies in financial data and prepared corrective journal entries.
• Prepared monthly balance sheet reconciliations for review by management.
• Developed and maintained accounting policies, procedures, and internal controls.
• Approved cash disbursements by verifying check amounts against invoices and authorized checks and wire transfers.
• Oversaw accounts payable and receivable processes for accuracy and timeliness of payments.
• Collaborated with external auditors during year end audits to provide necessary information for filing taxes accurately.
• Analyzed income statements to identify cost savings opportunities or areas of improvement within the company's operations.
• Worked cross-functionally with internal departments to align and validate data inputs.

RCMT Canada now Framatome is one of OPG’s business partners in a joint venture with Black and McDonald; and was hired to help manage and reconcile revenue/cost tracking though the Oncore Billing System for financial reporting and consolidation statements

• Coordinated MQY reporting and prepared consolidated financial statements
• Pinpointed issues of under-charging for billable time within the quality assurance, project management office, and developing new tools for overhead costs and improving utilization rate from 65% to 85%
• Established a database to reconcile OPG’s reverse billing system (Oncore) to better track cost and monitor expenses for joint contracts with Black & MacDonald
• Worked with internal and external stakeholders to gather, draft, and validate business requirements and workflows, and assisted with the functional design of solutions
• Slashed general administrative cost by 20% using a lean system for business process
• Successfully secured a long-term debt collection of $1.7million from GE Grid Solutions using a strategic collection model that reduced our overall DSO to 50 days (Industry average: 80days)
• Reports preparation for key stakeholders on project related issues including budgeting and KPIs
• Prepared adjustment entries for general ledger accounts and accruals for revenue and expenses, reviewed all bank and account reconciliations, and perform balance sheet account analysis
• Led Finance and Power Systems project controls with data analysis and guidance
• Performed service analysis for property management portfolio to gather cost-saving information
• Used Microsoft office, Construction Project Management Software (CMIC) and SAP

• Worked on ad-hoc projects including process testing and integration of new additions
• Worked on ad-hoc projects including process testing and integration of new additions
• Created monthly expense reports/P&Ls and provided variance analysis for management review
• Reduced time taken to resolve escalated issues using through detail understanding of process workflow
• Assisted team manager in coordinating portfolios settlements and cash movement on daily basis
• Collaborated with partners across shared services and other departments to draw upon organizational resources in delivering excellent results
• Identified opportunities to improve performance efficiency and supports in Lead Process Improvement initiatives by recognizing new ways of simplifying and automating process to enhance efficiencies

• Overseeing accounting department along and providing reporting to the Board of Directors; designed a financial reporting template using MS Excel with 0% error, and prepared various account reconciliations; led and coached 5 accounting team members including summer students.

• Developed fully integrated financial systems including cost accounting for products; coordinated and managed financial audit including interim, year-end audit and tax compliance; managed IT organization; Supervised general accounting cycle including cashflow and expense analysis; and established, maintained, and updated accounting procedures to improve process efficiency, internal control, and cost control procedures