Olayiwola Kadiri
Taylor,ACT
Summary
Adept at managing budgets, payroll, invoicing and general accounting functions. Instrumental in keeping business operations fully compliant and working within budgetary guidelines.
Knowledgeable Accountant proficient in laws and procedures governing business operations, tax filings and regulatory compliance. Handles detail-oriented work in methodical and organized fashion.
Detail-oriented Accountant with ten years effectively maintaining accurate accounting information for large-scale financial organizations.
Overview
11
11
years of professional experience
Work History
Group Accountant (HFM), Tax and Systems Manager
Old Mutual Nigeria General Insurance Company
09.2019 - 04.2023
- I joined this role to provide monthly, quarterly and annual consolidation and reporting processes for regional product lines, handle day-to-day accounting for a group of companies (3)
- I am also tasked with updating cash flows, completing tax returns, generating managerial reports, ensuring compliance with both statutory and corporate guidelines, performing month-end closings, as well as maintaining fixed assets register, developing project costing summaries and preparing budgets (2 billion naira in expenses, 7 billion naira in revenue per annum)
- I am also entrusted to complete special projects, as necessary.
- Enhanced financial reporting accuracy by conducting thorough monthly reconciliations and adjusting journal entries.
- Streamlined the budgeting process for increased efficiency by implementing new software and procedures.
- Reduced month-end closing time with efficient organization and prioritization of tasks.
- Improved cash flow management through diligent monitoring of accounts receivable and payable balances.
- Ensured compliance with accounting standards by staying up-to-date on industry regulations and guidelines.
- Collaborated with external auditors to facilitate timely completion of annual audits, maintaining a strong professional relationship.
Assistant Management Accountant
Old Mutual Nigeria General Insurance Company
06.2017 - 09.2019
- Supporting the business by assisting to produce accurate financial and management accounting information on which financial decision are based
- Involved in compiling financial reports and analysis, whilst working to strict deadlines
- Preparation and input of month end journal vouchers
- Preparation of Bank reconciliation statement
- Preparation of KPI analysis and Peer review as required by the CFO
- Preparation of fixed asset and depreciation schedule
- Analyze financial performance and support both internal and external audit efforts
- Managing the investment portfolio of the organization to enable it maximize investment income
- Assist the Finance manager in generating financial statements and facilitating account closing procedures each month
- Analyzing monthly balance sheet accounts for corporate reporting
- Creating periodic reports by comparing budgeted costs to actual costs
- Analyzing and researching reporting issues to improve accounting operations procedures
- Preparing monthly prepayment and accrual schedule.
- Reviewed and assessed operational performance, financial records and ledger accuracy.
- Implemented quality assurance programs and procedures of assigned fiscal area.
- Developed and prepared business intelligence data for decision making and performance analytics.
- Established mechanisms to support monitoring and compliance of federal, state and local requirements.
- Created and developed reports covering value-added analytics for [Area of expertise].
- Streamlined financial reporting processes by implementing new software and procedures.
- Enhanced budget accuracy with comprehensive variance analysis and timely adjustments.
- Improved cash flow management by closely monitoring receivables and payables, ensuring optimal liquidity.
- Collaborated with department heads to develop accurate budgets and forecasts, supporting business growth.
- Identified cost-saving opportunities through detailed expense analysis, leading to significant savings for the company.
- Assisted in preparing monthly management reports, providing valuable insights into the company''s financial health.
- Ensured regulatory compliance by staying updated on accounting standards and tax regulations, minimizing risk exposure.
- Supported internal audit activities by maintaining organized records and providing relevant documentation as needed, increasing efficiency of the process.
Senior Account Administrator
Old Mutual Nigeria General Insurance Company
04.2016 - 05.2017
- Establishes and monitors financial reporting systems
- Maintains records of transactions made by the business unit
- Prepares accounts, statements invoices and tax returns
- Provides information on organizations or company management and financial systems for financial reporting purpose
- Assist audit teams with audits
- Investment management
- Prepares bank reconciliation statements and other reconciliation as directed by the manager
- May supervise account administrators
- Controls, corrects and reports on accounting links to the ledger
- Administers maintenance on the ledger (accounts, cost centers, etc.) Ensures correctness of entire posted in the ledgers
- Ensures proper fixed assets reconciliation
- Ensure foreign currency is available for staff travelling and ensuring proper reconciliation on return
- Process debit notes received from underwriters.
- Streamlined account reconciliation processes by implementing automated systems and reducing manual tasks.
- Improved financial reporting accuracy through diligent review and analysis of accounts, leading to more informed decisionmaking.
- Maintained timely payment records for suppliers, ensuring strong vendor relationships and uninterrupted supply chains.
- Enhanced cash flow management with regular monitoring and proactive follow-ups on outstanding invoices, resulting in reduced debtor days.
- Conducted thorough internal audits, identifying discrepancies and implementing corrective actions to maintain financial integrity.
Pay Office Consultant
Old mutual Nigeria Life Insurance Company
09.2015 - 03.2016
- Performs all administration functions required for new payroll worksites
- Managing the relationship between Old Mutual and worksites that have signed the payroll agreement
- Ensuring that correct premiums are deducted from employee’s payroll by providing monthly schedules, and allocating premiums to individual policies, per pay office
- Receives new stop order submissions from the channel
- Submits submissions to the pay office at various companies
- Checks electronic payments list
- Checks policy files and compiles channel specific lists
- Deposits cheque payments received
- May assist sales advisors with presentations specifically related to pay
- Resolves stop order payment queries
- All payroll enquiries/complaints on late payments, non-payments by companies, resignations etc
- Ensure payment of commission due as per terms & conditions of the payroll agreement
- Continually explore better methods/system of premium collection with payroll worksheets
- Increase the penetration of worksheet that have signed the payroll agreement
- Ensure that staff (Financial Advisor’s) respect and maintain protocols of the payroll worksites
- Report on the trends, performance on all payroll worksites
- Site visits to worksites with issues to retain the payroll worksites
- Coach sales force to ensure adherence with payroll worksites
- Provide leads to sales force
- Support the MSA and Acquisition Manager to increase RMM footprint (worksite acquisition) in Nigeria.
Assistant Supervisor
Crusader Sterling Pension Ltd
02.2014 - 08.2015
- Generation of Unique references codes (Transaction ID) for transactions ahead of upload
- Daily departmental report and Operations Management Program
- Information Systems availability and performance
- Marketers support in the genuineness of Schedules of Contribution
- Reconciliation of monies moved into Allocation account
- Already exist' transaction management
- Fund transfer management
- Refund processing
- Management of Outstanding monies on Activity report
- Ensure prompt daily posting of all financial transactions to appropriate accounts
- Daily reconciliation of Units created and redeemed (Unitization)
- Reporting and Supervision
- Review of schedule processed by marketers and custodian.
Audit Trainee, Accounting Clerk
Haruna Yahaya & Co Chartered Accountants and Tax Advisory
09.2012 - 02.2014
- Organization and maintenance of financial records
- Preparation of Financial Statement for clients
- Preparation of tax returns for clients
- Going through overviews of all financial operations
- Suggest way to reduce cost, enhance revenues and improve profits
- Provide auditing services for businesses and individuals
- Preparation of the Income and Expenditure Statement
- Preparation of Tax returns of Staff
- Teaching of Accounting as a subject.
Education
Associate Chartered Accounta - Accounting
Accounting Institute of Chartered Accountants of Nigeria
06.2013
Bachelor of Science - Accounting (First Class) -
Lead City University
01.2012
Secondary Education Exam -
Nigerian Navy Secondary School
01.2002
Skills
- Excellent IT skills and full proficiency in Microsoft Office, advanced Excel capability
- Strong understanding of consolidations and financial reporting
- Proficient in Oracle Enterprise Business Solution (EBS) and Hyperion Financial Management (HFM) applications
- Ability to work well in groups and individually
- Strong work ethic
- Strong analytical ability and excellent numerical skills, with a strong focus on accuracy and attention to detail
- High levels of accuracy and attention to detail, the ability to work to multiple deadline
- Strong understanding of the Nigerian Tax laws and its application to Business organizations
- Payroll Processing
- Fixed Assets Management
- Cost Accounting
- Balance Sheet Analysis
- General Ledger Maintenance
Accomplishments
- I was part of the team that set up the fund Account Model at Crusader Sterling Pension.
- Built lasting relationships with my internal customers and ensured there were systems and resources in place to deal with any of their queries in less than 24-hours
- Developed new and complex spreadsheets to help produce the monthly schedules (UPR, Investment returns, Production schedule) much quicker, reducing the production time from five days to two.
- Met with the senior managers of all departments to discuss their individual budgets and was able to reduce overall business expenditure by 15%
- I initiated an income and expense flux analysis for the first working day of the month that provides for early identification and correction of posting errors. Efforts contributed to accelerating the month-end close to the tenth calendar day of every month.
- I was promoted to the role of Assistant Management Account after spending just a year on the previous role and impressing the CFO by excellently achieving all the set objectives and KPIs.
Personal Information
- Place of Birth: Kwara
- Religion: Christian
- Date of Birth: 04/18/86
- Gender: Male
- Marital Status: Married
References
Mr. Adebayo Abolarin, Chartered Accountant, 19a Adeola Odeku Street, Victoria Island, Lagos, 08023459517
Hobbies and Interests
Reading, travelling, and surfing the web.
Timeline
Group Accountant (HFM), Tax and Systems Manager
Old Mutual Nigeria General Insurance Company
09.2019 - 04.2023
Assistant Management Accountant
Old Mutual Nigeria General Insurance Company
06.2017 - 09.2019
Senior Account Administrator
Old Mutual Nigeria General Insurance Company
04.2016 - 05.2017
Pay Office Consultant
Old mutual Nigeria Life Insurance Company
09.2015 - 03.2016
Assistant Supervisor
Crusader Sterling Pension Ltd
02.2014 - 08.2015
Audit Trainee, Accounting Clerk
Haruna Yahaya & Co Chartered Accountants and Tax Advisory
09.2012 - 02.2014
Associate Chartered Accounta - Accounting
Accounting Institute of Chartered Accountants of Nigeria
Bachelor of Science - Accounting (First Class) -
Lead City University
Secondary Education Exam -
Nigerian Navy Secondary School
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