Festus Iyamu

Experience

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  Independent National Electoral Commission

  Jun 2014 - Feb 2015

  AD-HOC Staff

  Registration of Temporary Voters Card.Distribution of Permanent Voters Card.Electoral Exercises.

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  Transcorp Hilton Abuja

  Aug 2015 - Nov 2020

  Cashier / Accounts Assistant

  Oversaw all cash inflows and operations to find loopholes to avoid fraud, theft and errors which led to lowering pilferage by 85%.Curtailed financial discrepancies by 95% during account reconciliation process by accurately calculating revenue total and analyzing sales figures.Achieved excellent customer service, sales floor functions and safeguarding company assets in an accurate and efficient manner and performing other functions as assigned by the Finance director and departmental head.Bettered operational efficiency by 90% by training new team members in cash register operations, stock procedures and customer service.Bolstered high productivity of 90% by efficiently processing cash, credit and debit payments for customers, compiling data from cashiers, balancing drawers and preparing daily deposits.Undertook daily bookkeeping functions with attention to accounts receivables, accounts payables, banking reconciliation and disbursements. Show less

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  The Council Restaurant

  Feb 2021 - Aug 2021

  Accountant

  Handled the account receivables and revenue, and carrying out supporting reconciliations of any disputed account ledger as at when needed.Computed payroll and other regulatory schedules and ensured the timely remittance of statutory deductions / filing returns (PAYE, VAT, WHT, Pension) to the respective bodies.Operated the account payables and expenditures and oversaw all fund outflows including petty cash, cash advance, reimbursable expenses and payment requisitions.Negotiated discounts with trade vendors thereby saving cost by more than 15%.Secured a 95% efficiency in processing and posting all accounting and finance transactions into the accounting software and maintaining a complete and accurate record.Scrutinized financial statements to review company's financial, income and expenditure performance.Generated monthly, quarterly and annual financial statements and providing relevant, accurate, timely and easily interpretable financial reports for management’s update and decision making. Show less

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  Skyline International Tourism & Hospitality ltd

  Sept 2021 - Jul 2023

  Senior Accountant

  Prepared daily fund flow position showing up to date Sales mix, Inventory usage, Petty cash expenses, Royalties, Sales audit, Sales summary, Debit notes and Vendor payments.Performed month end accounting activities such as Reconciliations and Journal entries, Tax preparation & Remittance, Staff Payroll, Pension schedule, Trade Payables & Trade Receivables etc.Devised a sales template that shrunk teeming and lading in stores by 98% thereby decreasing fraud.Built a formula on revenue and petty cash report that smoothened operational process by over 85%.Succeeded in cutting process gaps by 90% by successfully training employees on best practices and protocols.Acted as the Finance manager and handled the entire accounting system of payroll, revenue, expenditure, assets, liabilities, reconciliation for a period of 7 weeks in lieu of the finance manager been on annual vacation.Consulted and resolved customers and third parties disputes by 95% through revenue and bank reconciliation.Advocated for prompt remittance of statutory deductions to avoid penalties saving cost up to 20% by accurately reviewing corporate and personal income tax returns, value added tax, pension, housing scheme and insurance trust fund. Show less

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  Dee-Es-Kay Group International Ltd

  Aug 2023 - now

  Financial Controller

  • Prepared accurate and timely financial statements for properties and hospitality operations, Ensuring compliance with accounting standards, tax regulations, and industryspecific financial reporting requirements and coordinated with auditors during financial audits and resolve any related issues. • Led the end-to-end implementation of accounting software across six (6) hotels, twenty-eight (28) properties, ensuring seamless integration with existing systems and orchestrated training sessions for 270 staff members, ensuring a smooth transition to the new accounting software and minimizing operational disruptions while maintaining clear and transparent communication with key stakeholders, providing regular project status updates and addressing concerns promptly whilst overseeing vendor selection and contract negotiation which led to saving cost by 20% and securing favorable terms that aligned with project goals and budget constraints. • Collaborated with a cross-functional team to identify cost-saving opportunities, resulting in a 15% reduction in operational expenses across various outlets and properties. • Built a streamlined expense approval system, reducing approval times by 35% and enhancing control over discretionary expenditure. • Gathered and analyzed financial data (budgets, financial statements) taking into account company’s goals and financial position and reviewed potential property acquisitions by analyzing market trends, financial feasibility, and risk assessment, leading to informed investment decisions by 10%. • Evaluated transactions by comparing data and actual performance against projections, investigated financial data to provide insights and recommendations for cost optimization and revenue improvement leading to revenue increment of 30%. Show less