Summary
Overview
Work History
Education
Skills
Timeline
Affiliations
Generic

Segun Adeusi

Finance Professional
Brampton,ON

Summary

Proficient and dynamic finance professional with over 16 years' experience with a passion to support the achievement of corporate goals. Decisive leader and forward-thinking manager with excellent attention to detail and a hardworking mentality. A handson executive with excellent collaboration skills.

Overview

16
16
years of professional experience
16
16
years of post-secondary education

Work History

Chief Financial Officer

Smartcash Payment Service Bank Limited
01.2023 - Current

I held a strategic position responsible for financial planning & controls, reporting, performance management, tax management, treasury, revenue assurance and regulatory reporting functions. My core duties and achievement are:

  • Communicated business performance, forecasts and strategies to management and board.
  • Analyzed industry trends and tracked competitor activities to inform decision making.
  • Championed the statutory audit of the bank financial statements and ensured rendition to the regulators.
  • Implemented financial controls to prevent income leakages, fraud and safeguard the assets of the bank.
  • Advised the management and board of directors on the banks compliance with regulatory guidelines.
  • Provided valuable insights to management to aid pricing and investment decisions.
  • Supervised the treasury function of the banks to ensure adequate liquidity to meet customers and operational cash flow needs as well as efficient balance sheet management to maximise returns for the bank.
  • Prepared accurate quarterly board reports summarize financial and business performance.
  • Supervised the tax management functions to ensure timely and accurate rendition of all applicable taxes.
  • Effectively stakeholder management including, local management, regulators, banks and reporting responsibility in the group headquarters.

Chief Financial Officer

WSTC Financial Services Limited
02.2022 - 12.2022

I led the Finance Control Team with responsibility for Financial & Management Reporting, Performance Management, Tax Management and Regulatory Reporting functions

  • I worked closely with both business and support teams to actualize the company's goals and growth initiatives
  • I improved the Performance Management system to align with the strategic objectives of the company
  • I managed the entire financial and management reporting process of the company in compliance with International Financial Reporting Standards
  • I managed the Treasury department to ensure balance sheet efficiency and profitability.
  • I ensured timely rendition of all regulatory and Tax returns.
  • I presented quarterly performance reports to the Board.

Financial Controller

Primera Microfinance Bank
01.2021 - 01.2022

I led the Finance Team with responsibility for Financial & Management Reporting, Performance Management & Business Analytics, Budget & Planning, General Ledger Management, Cost Management, Tax Management and Regulatory Reporting functions

  • I contributed towards the formulation of the company's corporate goals and supporting strategic initiatives,
  • I managed the entire budgeting process from preparing the Bank's budgets/Key Performance Indicators to cascading the budget to business units/Teams/individual Staff
  • I directed and monitored the implementation of the bank's corporate goals
  • I Monitored performance against budget, ensured compliance with operating and capital expenditure Budget and provide recommendations to achieve the budget objectives
  • I ensured alignment of the performance measures and reports with the corporate goals by developing performance recognition, improvement, reward and intervention schemes to drive business performance.
  • I provided timely and insightful business analytics to Executive Management including forecast and performance simulations.
  • I managed the entire management reporting process of the Bank.
  • I ensured compliance with prudential ratios,
  • Ensure that the Bank's Financial Statement are in line with regulatory requirement, relevant reporting standards (IFRS) and best practices, Prepare quarterly presentation to the Board on the Bank's Performance.

Head, Performance Management and Management Reporting

Primera Micro Finance Bank
12.2017 - 12.2020

I led the Performance Management and Management Reporting Department of the Bank, and my core responsibilities and achievements were:

  • I developed and implemented performance incentive schemes for both the asset and liability generating segments of the business which led to a 65% improvement in performance across all KPIs.
  • I developed and implemented a Performance Intervention Scheme to drive business performance using performance data and collaboration with Human Resources.
  • I developed and maintained Power BI executive dashboards that provided key insights on the business to Executive Management,
  • I was responsible for the preparation and analysis of management performance reports for the Bank and business units.
  • I prepared and analyzed business performance reports utilizing SWOT analysis and provided recommendations to Executive Management.
  • I contributed to the implementation of a Balanced Scorecard system for performance management and strategy execution.

Team Lead, Performance Management Department

Heritage Bank Plc – Human Capital Management
10.2014 - 12.2017

I led the Performance Management Department of the Human Capital Management Division of the Bank

My achievement in this role were:

  • Performance Analysis and Interventions: I developed an automated performance analysis tool that analyzed the performance of individual sales Staff highlighting areas of strengths and weaknesses as well as presents a holistic view of the Staff's performance on a year-to-date and quarterly basis,
  • Management of Performance Appraisals and Behavioral assessments: I successfully administered performance appraisal process including the maiden career appraisal for the Bank.
  • I executed behavioral assessments for senior management Staff which focused on gauging compliance with the Bank's Core Values and Leadership skills.
  • I developed and Implemented an Incentive Pay Scheme for Direct sales agents based on achievement of set KPIs

Performance Management Officer/Financial Analyst

Fidelity Bank Plc - Financial Control and Strategy
02.2012 - 10.2014
  • Rendered report to Management on the performance of staff, branches and SBUs.
  • Served as financial adviser to branches and SBUs to ensure performance optimization, market expansion and cost control.
  • Develop performance evaluation tools for branches and SBUs.
  • Drove initiatives for market penetration in branches and SBUs through analysis of peer performance and benchmarking of market leaders.
  • Performed periodic performance evaluation of relationship officers through Accounting Profitability Report, Participate actively in Monthly Performance Review (MPR) sessions.

Resident Control Officer

Fidelity Bank Plc - Internal Control and Audit
12.2007 - 01.2012
  • I worked as Resident Control Officer in numerous branches and my duties were as follows: Call over/Transactions review, Review of overdrawn accounts, Review of GL and suspense accounts, Review of cash and tellers, Customer service review, Review of clearing activities, including review of caution notices, Credit review, including TOD and loan set up, Managers' cheque review, General environmental scanning, Rendition of weekly exception reports.

Education

ACCA - Accounting

Association of Chartered Certified Accountants
United Kingdom

Bachelor of Science - Accounting

Lagos State University
04.2001 - 04.2005

Skills

Financial Reporting

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Timeline

Chief Financial Officer

Smartcash Payment Service Bank Limited
01.2023 - Current

Chief Financial Officer

WSTC Financial Services Limited
02.2022 - 12.2022

Financial Controller

Primera Microfinance Bank
01.2021 - 01.2022

Head, Performance Management and Management Reporting

Primera Micro Finance Bank
12.2017 - 12.2020

Team Lead, Performance Management Department

Heritage Bank Plc – Human Capital Management
10.2014 - 12.2017

Performance Management Officer/Financial Analyst

Fidelity Bank Plc - Financial Control and Strategy
02.2012 - 10.2014

Resident Control Officer

Fidelity Bank Plc - Internal Control and Audit
12.2007 - 01.2012

Bachelor of Science - Accounting

Lagos State University
04.2001 - 04.2005

ACCA - Accounting

Association of Chartered Certified Accountants

Affiliations

ACCA

Segun AdeusiFinance Professional