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Ola Hakeem Olatunji

Financial Controller

Nasr City, Cairo, Egypt

Work Experience

  • Financial ControllerFull Time

    Ora Egbunike & Associates I Estate Surveyors & Valuers, Project & Facility Managers

    Jan 2010 - Oct 2012 -2 yrs, 9 months

    Nigeria , Abuja

    • Job Details:Accounting, Reporting & Internal Controls Primarily and solely responsible for all accounting transactions, financial reporting and internal control systems across all business units. Provides accurate and timely financial data, reports and presentations required by the business by ensuring the Balance Sheet is properly reconciled with supporting documentation and the P&L account is accurate (e.g., costs are properly matched to revenue; costs are recorded in the proper accounts) and reflects the Group’s performance on a monthly, quarterly and annual basis. Ensures compliance with standard and local operating procedures. Prepares the annual statutory accounts Implements a system of appropriate internal controls to manage business risks across all business units, and ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability. Trains the finance team and other required staff on raising awareness and knowledge on financial management matters. Supervises the preparation of salaries and other payroll functions. Oversees business insurance plans and health care coverage analysis. Financial Planning & Forecasting Leads the development and implementation of a comprehensive annual business plan which is aligned with the company's and various business units’ strategic direction. Produces accurate forecasts that enable operations to react to changes in the business. Analyses information, forecasts sales against expenses and creates annual budget plans. Creates the annual operating budget for each business unit and at group consolidated level. Provides analytical support during budget reviews to identify cost saving and productivity opportunities for each business manager. Provides on-going analytical support by monitoring each business unit’s actual and projected sales. Analyses differences between actual budget wages and forecasted wages for more efficient budget planning. Treasury & Tax Management Manages and supervises all banking activities of the organization. Establishes, maintains and handles all banking relationships, ensuring compliance with all banking terms and conditions. Networks with bankers and relevant tax administrators. Manages bank transfers of local and foreign currency. Supervises bank reconciliation process. Prepares yearly cash flow forecasts and reviews them periodically. Establishes and manages a strong treasury and cash management internal control system. Ensures adequate controls are in place and that supporting documentation is approved and available such that all expenses may pass independent and governmental audits. Reviews audit issues to ensure accuracy and minimization of tax obligations. Monitors all taxes that apply, ensuring that taxes are current, paid and/or accrued. Strategic Decision Making & Influence Communicates the Group’s strategic goals & focus and the Board’s priorities to subordinates in a clear and precise manner. Analyses financial data and market trends to improve profits, including project viabilities, cost benefit analysis and exploring new business opportunities. Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example. Legal & Statutory Reporting Ensures statutory compliance with all local authority matters with the submission of statutory reports in a timely manner complying with the local reporting regulations. Manages and oversees internal, external and regulatory audit processes. Reviews legal matters (such as on-going litigation, disputes, etc) with the Head of Legal Affairs and updates the CEO and the Board on all key issues. Executive Team Support Attends executive meetings and communicates with the Board members, understanding the priorities, strategic focus and needs of key stakeholders (board, corporate, employees, suppliers, customers, other external bodies). Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviours. Facilitates critique meetings to review information with management team. Advises the CEO and executive committee on existing and evolving operating and financial issues. Manages working capital and cash flow in accordance with Group’s SOPs and Board guidelines. Team Development and Leadership Provides excellent leadership by assigning team members and others to the job at hand. Ensures new hires participate in the department's orientation program and they receive appropriate training in order to successfully perform their job. Creates appropriate development plans for team members based on their individual strengths, development needs, career aspirations and abilities. Conduct performance review process for employees with Group Head of HR Participates in hiring activities as appropriate.
  • Head, Finance and AccountsFull Time

    Total Facilities Management Limited I Facility Managers, Waste Managers

    Sep 2008 - Dec 2009 -1 yr, 3 months

    Nigeria , Abuja

    • Job Details:Implemented new accounting system aimed at enhancing timely production and reliability of Accounting Reports. Introduced/implemented payment of PAYE and Pension by Staff. Headed the Accounts Department. Prepared activities reports for the Managing Director. Coordinated the preparation of the company’s budgets and managed the company’s cash flow. Managed company’s relationships with banks, external auditors and tax authority. Prepared monthly Trial Balance, Staff Payroll and Bank Reconciliation Statements.
  • AccountantFull Time

    Blueblood International Consult

    Sep 2007 - Aug 2008 -11 months

    Nigeria , Abeokuta

    • Job Details:Overseen the activities of the Accounts Section in the Northern Region. Prepared management reports for the Head Office regularly. Coordinated the activities of Administrative staff/personnel. Supported the Head (Finance) in the discharge of his duties.
  • Accounts OfficerFull Time

    PHCN/RCM Project, Akowonjo

    Sep 2002 - Aug 2007 -4 yrs, 11 months

    Nigeria , Lagos

    • Job Details:Participated in the Project’s budget preparation & ensured compliance. Reported noted variances to Financial Controller. Prepared the Project’s Final Accounts monthly, quarterly and annually. Participated in management decision-making process.
  • Education

    • MBA in Accounting

      Eton University

      Jan 2010 - Jan 2012 - 2 yr

    • HND in Accountancy

      Ogun State Polytechnic, Abeokuta

      Jan 1996 - Jan 1998 - 2 yr

    • ND in Accountancy

      Ogun State Polytechic, Abeokuta

      Jan 1993 - Jan 1996 - 3 yr

    • High School - Other

      African Church Grammar School, Abeokuat

      Jan 1990 

    Activities

    • Youth Corps Member at Dawakin Tofa Local Govt

      Volunteering

      Feb 1999 - Feb 2000 -1 yr

    Skills

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    Languages

    • English

      Fluent
    • Yoruba

      Fluent
    • Hausa

      Advanced

    Training & Certifications

    • The Management Accountants Role in Process Control and Activity Based Management

      Chartered Institute of Cost and Management Accountant (CICMA), Nigeria·2010
    • Calling the Bluff of Fraudsters Within the Organization

      Isa Shuaib & Co. (Chartered Accountants)·2010
    • Financial Modeling using Microsoft Excel

      NextSoft (an ICT Consultancy Firm)·2009
    • ACMA

      Chartered Institute of Cost and Management Accountants, Nigeria·2009
    • Cost Reduction Strategies During a Recession

      Nigerian Employers Consultative Assembly (NECA), Lagos, Nigeria ·2009
    • HND

      1999
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