Onyeka Efobi
Victoria,British Columbia
Summary
Results-driven Chartered Accountant with over seven (7) years of diverse experience in accounting and external audit, adept in navigating the nuances of both Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). Proven leadership in roles at PricewaterhouseCoopers (PwC) and SAPRO Consulting, with a track record of building and leading cross-functional teams to ensure compliance with reporting standards. Expertise in revenue recognition, project management, and communication. Passionate about leveraging technology to streamline processes and drive operational efficiency while adhering to both regulatory guidelines.
Overview
7
7
years of professional experience
1
1
Certification
Work History
Assistant Manager - Audit and Assurance
PricewaterhouseCoopers (PwC)
NG
01.2023 - 12.2023
- Managed end-to-end financial statement audits for medium-sized and large companies in various industries, including healthcare and transportation, aligning with regulatory standards
- Recognized and addressed potential impacts while managing financial statement audits actively engaging with clients and team members to ensure effective problem-solving demonstrating the ability to adapt to changing situations and implement solutions efficiently
- Utilized technical expertise in International Financial Reporting Standards (IFRS) and US GAAP to provide expert guidance in audits and assurance, creating detailed reports, and delivering high-quality work
- Coordinated engagement planning, scheduling, and financial management, including budget allocation, work-in-progress (WIP) tracking, on-time billing, and payment collection
- Maintained quality control standards, diligently identifying and addressing complex issues and discrepancies in clients' financial reports
- Cultivated and maintained positive relationships with clients, serving as a key point of contact for audit-related matters by conducting regular client meetings to understand business operations, address concerns, and provide strategic insights for improved financial controls
- Coached and mentored team members to help them grow professionally and contribute to overall team success by maintaining transparent communication with team members, providing progress updates, and resolving issues efficiently
- Accomplishments: Led process improvements that significantly cut audit hours compared to the prior period by streamlining workflows, embracing technology, and optimizing procedures for faster, more efficient data handling. This resulted in resource savings, enhanced accuracy, and a smoother audit experience for both the team and the client.
Senior Audit Consultant
SAPRO Consulting (Contract)
NG
01.2022 - 12.2022
- Seconded to Ernst & Young USA (remote working), overseeing audits of EY public and private clients across diverse industries, including entertainment (CAD 6.78 billion revenue), hospitality (CAD 2 million revenue), and real estate (CAD 900k revenue)
- Reviewed audit documentation prepared by team members under direct supervision for accuracy and compliance with US Generally Accepted Accounting Principles (GAAP)
- Collaborated with cross-functional teams to streamline financial reporting processes and drive revenue recognition in accordance with relevant accounting standards, including ASC 606
- Utilized the EY Atlas platform to access accounting and auditing content, researching issues related to International Financial Reporting Standards (IFRS), US GAAP, and other relevant EY interpretations
- Accomplishments: Received an outstanding 'Above Expectations' performance rating in the 2022 staff performance evaluation, demonstrating a consistent track record of exceptional performance and significant contributions.
Senior Associate - Audit and Assurance
PricewaterhouseCoopers (PwC)
NG
10.2020 - 12.2021
- Supervised end-to-end financial statement audits for medium-sized and large private companies in various industries, including manufacturing (CAD 15 million revenue), healthcare (CAD 6 million revenue), retail (CAD 500k revenue), and support services (CAD 150k revenue), ensuring compliance with International Standards on Auditing (ISA) and regulatory standards
- Demonstrated deep technical knowledge and understanding of the application of relevant International Financial Reporting Standards (IFRS), including IFRS 15, 16, and International Accounting Standards (IAS) 16, 36, 37, 38
- Evaluated and tested internal controls, identifying areas for improvement and providing recommendations to enhance operational efficiency and risk mitigation
- Mentored and coached team members to foster a culture of continuous learning and professional development, ensuring the team remains adaptable and responsive to evolving business needs
- Stayed abreast of emerging accounting standards, regulations, and industry best practices through ongoing training and professional development activities, contributing to the enhancement of accounting practices within the organization
- Accomplishments: Identified and corrected a client's overstatement of liabilities, totaling CAD 124k, while also uncovering an interest overcharge of CAD 161.2k on a loan
- Utilized a combination of analytical procedures and clear communication to guide the client through the resolution process effectively
- Presented comprehensive audit reports to the management team of a healthcare client, outlining over 10 significant deficiencies and offering strategic recommendations to strengthen internal controls and enhance operational efficiency.
Audit Associate - Audit and Assurance
PricewaterhouseCoopers (PwC)
NG
10.2018 - 09.2020
- Reviewed, verified, and tested financial statements and supporting disclosures to ensure accuracy and compliance with relevant accounting standards and regulations
- Liaised with client personnel to gather necessary documentation and facilitate a smooth audit process, demonstrating strong communication and interpersonal skills
- Collaborated with audit teams across various industries, including healthcare, manufacturing, retail, and support services, to support senior team members in delivering efficient and effective audit services
- Participated in various process reviews focused on identifying controls, testing their design and operating effectiveness, and reporting findings to governance authorities, contributing to the enhancement of internal controls and risk management practices.
Junior Accountant
Zodiak Freight Services
NG
07.2016 - 09.2018
- Supported the day-to-day accounting responsibilities for Zodiak Freight Services, a private company within the freight forwarding industry with an annual revenue of approximately CAD 60k
- Effectively performed full cycle accounting and finance-related activities including AR, AP, general ledger, and account reconciliation accurately within tight deadlines
- Assisted in the preparation of financial statements per International Financial Reporting Standards (IFRS), providing crucial insights into the company's financial performance.
Education
ACCA Advanced Diploma in Accounting and Business (UK) -
B.Eng (Hons) in Chemical Engineering -
Skills
- International Financial Reporting Standards (IFRS)
- Generally Accepted Accounting Principles (GAAP)
- Project Management
- Internal Controls and Risk Assessment
- Leadership and Mentoring
- Relationship management
- Communication (written and verbal) skills
- Microsoft Office (Excel, Word, PowerPoint)
- Audit Documentation
- Audit Management
Certification
- ACCA Chartered Certified Accountant (UK)
- CPA Candidate - Professional Education Program Level
Personal Information
Work Permit: Permanent Resident - Eligible to work in Canada
Timeline
Assistant Manager - Audit and Assurance
PricewaterhouseCoopers (PwC)
01.2023 - 12.2023
Senior Audit Consultant
SAPRO Consulting (Contract)
01.2022 - 12.2022
Senior Associate - Audit and Assurance
PricewaterhouseCoopers (PwC)
10.2020 - 12.2021
Audit Associate - Audit and Assurance
PricewaterhouseCoopers (PwC)
10.2018 - 09.2020
Junior Accountant
Zodiak Freight Services
07.2016 - 09.2018
ACCA Advanced Diploma in Accounting and Business (UK) -
B.Eng (Hons) in Chemical Engineering -
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