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Ojo Akindele Alo

Experienced Accountant

Lagos, Nigeria

Work Experience

  • Operations ControllerFull Time

    Schlumberger

    May 2013 - Feb 2015 -1 yr, 9 months

    Cameroon , Douala

    • Job Details:Major responsibilities include: • Responsible for the overall financial management and profitability. • Complete/review monthly financial reporting, monitoring results versus objectives, highlight underlying reason for variances and suggest corrective actions wherever required. • Responsible for monitoring working capital such as Asset efficiency measurement/tracking and optimization of inventory level, receivables and cash • Evaluating inventory processes, days on hand, obsolescence provision, and assessment of future business needs. • Highlights trends on cost inflation and identifies opportunities to save/reduce discretionary spend to supply chain • Working closely with the Operations to ensure that the operations are conducted in compliance with the relevant laws (i.e. importation, license to operate, bidding requirements...etc.) • Ensuring that all financial transactions are recorded in compliance with the corporate ethical policies and internal controls. Organizing periodic audits internally and assist in external audits. • Identify Vendor re-pricing opportunities and participate in major contract negotiation. • Ensure timely completion of Balance Sheet notes and assess exposures • Coordinate the preparation of all financial forecasts and ensure that the goals are challenging but realistic relative to overall market expectations and available resources. • Review and examine the financial impact of new and existing investment opportunities with a view to maximizing return on investment (ROI). • Train line managers to interpret and comprehend financial statements and principles, and coach them regarding key business drivers. Answer inquiries regarding financial assets, recommend policies and advice line managers. • Recruit, train and mentor accountants to ensure full compliance with financial procedures. • Review and approve all material capital acquisition and long-term lease commitments.
  • Assistant Financial ControllerFull Time

    M-I Nigeria Limited

    Jul 2003 - Apr 2013 -9 yrs, 9 months

    Nigeria , Lagos

    • Job Details:Major responsibilities include: • Coordinating the monthly financial close and ensuring that reporting deadlines are met • Leading and supervising finance and account personnel • Preparing both Financial and Management accounts • Analyzing monthly activities (highlighting all the variances and suggesting corrective measures) • Reviewing and approving account analysis, accounts reconciliations, Bank Reconciliation, Inventory reconciliation, GL reconciliation and others • Approving journals, purchase vouchers, payment vouchers and other vouchers • Meeting and discussing with relevant authorities in relation to tax and other statutory matters. • Assist in driving Sarbanes-Oxley readiness including establishing, maintaining and documenting internal accounting controls. • Facilitates year-end financial audit, internal audit, SOX audit, states and federal audits. • Liaising with Banks for credit and facilities, Bonds and negotiating on charges, interest rates other financial matters. • Reviewing of internal policies and internal control measures to ensure the protection of financial assets and the integrity of recorded financial information • Ensuring compliance with all states and federal tax regulations and other statutory obligations. • Monitoring revenue, receivable, inventory and cost with the aim of getting the best inventory turn rate, collection days, etc. • Maintenance of fixed assets and capital expenditure tracking • Review and approval of inter-company transactions • Perform special projects to support the business through research and response to questions on financial activities and transactions
  • Finance ManagerFull Time

    M-I Nigeria Limited

    Aug 1996 - Jun 2003 -6 yrs, 10 months

    Nigeria , Lagos

    • Job Details:• Coordinating the activities of accounting personnel • Reviewing and approving accounts reconciliation, bank reconciliations, journal vouchers, etc • Maintaining and administering Accounting System and payroll system • Preparing monthly reports and variance analysis • Recording of inter-company invoices • Meeting and discussing with relevant officials in relation to tax and other matters.
  • AccountantFull Time

    M-I Nigeria Limited

    Sep 1992 - Jul 1996 -3 yrs, 10 months

    Nigeria , Lagos

    • Job Details:• Reviewing bank reconciliation, analysis and journal vouchers • Supervising General Ledger Staff, monthly cut off and reporting • Revenue and cost of sales accounting • Analyzing account balances and accounts reconciliation • Managing payroll and automating tasks
  • Education

    • MBA in Marketing

      DELTA STATE UNIVERSITY

      Jan 1998 - Jan 2000 - 2 yr

    • College Diploma in Accounting

      YABA COLLEGE OF TECHNOLOGY

      Jan 1992 - Jan 1994 - 2 yr

    • High School - Other

      Ado Grammar School

      Jan 1984 

    Skills

    • Microsoft Excel
    • Sun System
    • Microsoft Word
    • Microsoft Powerpoint
    • Oracle

    Languages

    • English

      Fluent

    Training & Certifications

    • Fellow

      Institute of Chartered Accountants of Nigeria·2009
    • Associate

      Institute of Chartered Accountants of Nigeria·1994
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