OLAKUNLE AJAYI
Brandon,MB
Summary
20+ years of experience in accounting, corporate leadership, and financial analysis in the pharmaceutical and manufacturing sector.
Overview
25
25
years of professional experience
Work History
HEAD, ACCOUNTING & REPORTING
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
08.2018 - Current
- Performed financial closure, consolidation, and reporting
- Formulated accounting policies, captured, and prepared company's accounting information/data
- Responsible for business process of Microsoft Navision - Finance and IFRS
- Ensured tax compliance in all relevant aspects of the business
- Prepared relevant financial reports and accounts
- Responsible for transactional financial accounting
- Key contact person to internal and external auditors
- Responsible for accounting staff personal development and training
- Responsible for all relevant management reporting
- Supervised accounts payable and receivable
MANAGEMENT ACCOUNTANT / HEAD, FINANCIAL OPERATIONS & PLANNING
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
06.2014 - 07.2018
- Generated monthly companywide and departmental budget performance report
- Collated budget inputs and collaborate with the Chief Financial Officer to prepare the annual budget
- Supervised costing of all imported and locally manufactured products
- Crafted factory efficiency report and variance analysis report to ensure satisfactory performance of the factory accountant in manufacturing account
- Amalgamated data to prepare monthly management reports as well as other crucial reports for management use
- Managed Strategic Business Unit (SBU) materials ordering, Settlement of Bills for Collection (BC), and local and oversea creditors
FINANCIAL ACCOUNTANT
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
04.2014 - 05.2014
- Produced monthly Trial Balance report with accuracy
- Regulated company insurance, credit control activities, and account payables and salaries
- Documented and submitted quarterly forecast to Nigeria Stock Exchange
- Executed an annual audit exercise and prepared account for annual audit
- Facilitated the analysis and documentation of company tax obligations and computed annual income tax
CREDIT CONTROLLER
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
04.2012 - 03.2014
- Scrutinized and approved client credit limit
- Administered proper credit control notification documentation via order forms, credit notes, and invoices
- Bridged communications actions with clients for outstanding balance notifications
- Assembled and distributed monthly client statements
- Formulated policies to enhance quality credit control
TREASURY ACCOUNTANT
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
01.2008 - 03.2012
- Controlled company funds and determined investment of excess funds
- Secured funding for various company projects
- Calculated and analyzed monthly bank reconciliation statements
- Assessed and reported monthly lease arrangement statements
- Managed company's foreign currency accounts
- Updated and maintained company loan obligations as well as foreign currency accounts
- Verified daily examination of cash and bank payment vouchers
HEAD, CREDIT CONTROL / ASSISTANT FINANCIAL ACCOUNTANT
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
02.2007 - 12.2007
- Evaluated and registered weekly financial extract report for management Meeting
- Composed lease arrangement and monthly posting of lease assets payment
- Authorized approval of order forms, credit notes and invoices
- Briefed Human Resources Department on payroll administration
- Monitored and ensured that all statutory payments were made promptly
- Audited weekly factory expenses and passed relevant journals
- Reconciled of Inter Company balances
- Informed customers of outstanding balance to confirm prompt past due payment
HEAD OF TREASURY
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
11.2004 - 01.2007
- Documented and calculated daily bank position
- Supervised monthly preparation of bank reconciliation statements
- Directed correspondence between company and bank to ensure clarifications regarding unclear effects
- Produced and directed daily checking of petty cash balances, as well as maintained staff advances and loan accounts
- Administered treasury staff (Receiving & paying cashier)
- Carried out the necessary upkeep techniques of cash, cheques, and other financial instruments
HEAD, INTERNAL CONTROL & AUDIT
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
01.2003 - 10.2004
- Administered and implemented system of controls
- Lobbied and provided feedback to management on deviations from policies
- Orchestrated the coordination of general audit activities throughout the company
- Facilitated the supervision of stocks in regional stores
- Confirmed bank reconciliation statements
- Established and implemented audit procedures and timelines for audit jobs as well as assessed all departmental audits
TREASURY OFFICER
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
01.2002 - 12.2002
- Evaluated, monitored, and reported bank balances to Chief Accountant and Finance Director
- Recruited, trained, and unified members of the treasury staff including cashiers and banking officers
- Performed daily activities such as disbursement of float to paying cashier, accuracy check of cash
- Receipt ledger with vault register, and daily approval of transfer slips for cash and cheques collected from customers
ACCOUNTS OFFICER
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
07.2001 - 12.2002
- Qualified monthly reconciliation of bank statements and general ledger accounts
- Provided monthly preparation and posting of salaries as well as monthly depreciation of fixed assets
- Scrutinized departmental budgets submitted for preparation of annual budget
- Examined, interpreted, and confirmed departmental annual budget
- Accomplished daily backup of accounting system while also performing accounting record maintenance
ASSISTANT ACCOUNTS OFFICER
FIDSON HEALTHCARE PLC
LAGOS, Nigeria
03.2000 - 06.2001
- Tracked the posting of various entries into accounting system
- Confirmed sustainment of customer ledgers, daily transactions
- Screened and verified returned cheque register and defined weekly collections report
Education
MASTER OF SCIENCE (M.SC) - INTERNATIONAL BANKING AND FINANCE
University of Salford
Manchester, United Kingdom01.2018
MASTER OF BUSINESS ADMINISTRATION (M.B.A.) - MARKETING
Ladoke Akintola University of Technology
Ogbomosho, Nigeria01.2009
BACHELOR OF SCIENCE (B.SC.) - ACCOUNTING
University of Ado-Ekiti
Ado-Ekiti, Nigeria01.2005
NATIONAL DIPLOMA (N.DIP.) - FINANCIAL STUDIES
Federal Polytechnic
Ado-Ekiti, Nigeria01.1998
SENIOR SECONDARY SCHOOL CERTIFICATE -
Christ's School
Ado-Ekiti, Nigeria01.1994
ADO COMMUNITY HIGH SCHOOL
Ado-Ekiti, Nigeria01.1990
Primary School Leaving Certificate - N/A
ST THOMAS AQUINAS PRIMARY SCHOOL
Ado-Ekiti, Nigeria01.1988
Skills
- Successfully managed five annual audits in five years with clean audit opinions
- Successfully managed transitioning from three different accounting software
- Knowledge of budget management
- Ability to provide relevant management reports for decision making
- Trained in tools such as Microsoft Excel, Microsoft Power Point, Tally Accounting Software, Peachtree Accounting Software, QuickBooks, Human Manager, Sage Accounting Software (ERP), Microsoft Dynamics NAV (ERP)
- Reporting and auditing
- Accounting understanding
- Results tracking and reporting
- Reporting and data gathering
- Finance and accounting support
- Reporting and recordkeeping
- Budgeting and reporting
- General ledger and accounting
- Accounting and finance understanding
- Time and expense reporting
Affiliations
- Chartered Professional Accountant, Manitoba Canada, In view
- Chartered Institute of Taxation of Nigeria, 2016
- Institute of Chartered Accountants of Nigeria, 2014
- Chartered Institute of Loan & Risk Management of Nigeria, 2010
- Institute of Chartered Management Accountant, 2007
Volunteer Experience
Resident Pastor/Accountant, Ambassadors of Christ International Ministry Inc, 2009-Present
Awards
2012, ACE - CUSTOMER SERVICE EXCELLENCE
Professional Development
- Practical Approach to Computerized Accounting System, LAGOS, 2002
- Tools and Techniques for Beginning Auditors, LAGOS, 2003
- Management Retreat tagged 'Re-inventing Fidson', OTA, OGUN STATE, 2004
- Account Reconciliation Strategies and Management of Suspense Account, LAGOS, 2006
- Avoiding Financial Reporting Penalties, Understanding the Single Forex Market and Mastering Deferred Tax, LAGOS, 2016
- Advanced Management & Accounting, LAGOS, 2017
- Financial Modelling, LAGOS, 2017
- IFRS Update 2021, South Africa (Virtual), 2021
- VUCA in the Nigerian Tax System, ICAN, 07/01/22
- Internal Control over Financial Reporting (ICFR) - Section 60 -63 of Investments and Securities Act 2007, ICAN, 10/01/22
- Nigeria: Adopting Sustainability for Economic Prosperity, ICAN, 10/01/22
- The Implications of Nigeria Early Adoption of IFRS S1 and S2, CITN, 02/01/23
Hobbies
- Watching Football
- Traveling
- Bicycling
References
References available upon request.
Timeline
HEAD, ACCOUNTING & REPORTING
FIDSON HEALTHCARE PLC
08.2018 - Current
MANAGEMENT ACCOUNTANT / HEAD, FINANCIAL OPERATIONS & PLANNING
FIDSON HEALTHCARE PLC
06.2014 - 07.2018
FINANCIAL ACCOUNTANT
FIDSON HEALTHCARE PLC
04.2014 - 05.2014
CREDIT CONTROLLER
FIDSON HEALTHCARE PLC
04.2012 - 03.2014
TREASURY ACCOUNTANT
FIDSON HEALTHCARE PLC
01.2008 - 03.2012
HEAD, CREDIT CONTROL / ASSISTANT FINANCIAL ACCOUNTANT
FIDSON HEALTHCARE PLC
02.2007 - 12.2007
HEAD OF TREASURY
FIDSON HEALTHCARE PLC
11.2004 - 01.2007
HEAD, INTERNAL CONTROL & AUDIT
FIDSON HEALTHCARE PLC
01.2003 - 10.2004
TREASURY OFFICER
FIDSON HEALTHCARE PLC
01.2002 - 12.2002
ACCOUNTS OFFICER
FIDSON HEALTHCARE PLC
07.2001 - 12.2002
ASSISTANT ACCOUNTS OFFICER
FIDSON HEALTHCARE PLC
03.2000 - 06.2001
MASTER OF SCIENCE (M.SC) - INTERNATIONAL BANKING AND FINANCE
University of Salford
MASTER OF BUSINESS ADMINISTRATION (M.B.A.) - MARKETING
Ladoke Akintola University of Technology
BACHELOR OF SCIENCE (B.SC.) - ACCOUNTING
University of Ado-Ekiti
NATIONAL DIPLOMA (N.DIP.) - FINANCIAL STUDIES
Federal Polytechnic
SENIOR SECONDARY SCHOOL CERTIFICATE -
Christ's School
ADO COMMUNITY HIGH SCHOOL
Primary School Leaving Certificate - N/A
ST THOMAS AQUINAS PRIMARY SCHOOL
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