Majeed Ayanlere FCA, MBA, MSc [Nigeria] ACA [UK]

Experience

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  Union Bank of Nigeria

  Mar 2002 - Feb 2003

  Cash Accounting Clerk (NYSC Primary Assignment)

   Processing of Custom and other Federal Government duty papers and issuance of receipts Preparation of monthly remittances in the respect of Import Duties collected to Head Office for onward transfer to CBN Processing of staff salaries for corporate customers Management of Union Homes, Treasury bills investment and processing of interest accruing thereon. Others: as assigned by the bank.

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  Independent National Electoral Commission

  Apr 2003 - May 2003

  Poll Clerk

  Temporary assignment as a NYSC Corp member. Poll Clerk with INEC Office, Surulere Local Government of Lagos State during the Elections conducted in 2003.

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  ACCORD SAVINGS AND LOANS LIMITED

  Apr 2003 - Dec 2003

  Credit Analyst

   Appraisal of customer’s loan request and preparation of statistics revealing customer’s credit worthiness. Inquiry into and writing of field reports on loan proposals. Act in advisory capacity to customers in respect of suitable in-house, external investment & suitable rates. Preparation of documents relating to the company’s investment products and scheme & opening and closing of different accounts.

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  British American Tobacco

  Dec 2003 - Apr 2018

  Was in charge of manufacturing, planning and reporting activities for the operations in a factory that services a hub with over 16 active countries. My key responsibility is to manage all Finance related activities through effective business partnering regarding manufacturing, planning and reporting activities that will optimise resources and lead to effective management and reduction of manufacturing cost and especially product costs to ensure positive competitiveness in attaining the overall business objectives of the company.Specifics: Preparation of Budgets viz: Annual Company Plan and Monthly or Quarterly Rolling Forecasts complete with analysis of external environment, business drivers and priorities for the organisation Manufacturing and Product Cost comparative analysis and reporting within agreed timelines Facilitating monthly Manufacturing and Savings Cost Review reviews meetings with relevant stakeholders Cost of Sale Analysis and period to period drivers analysis and reporting including sensitivity tracking and impact on budget Preparing and supporting Ad-hoc analysis on a need to have basis relating to various business issues in Operations Lead the coordination of complete Month End Stock Count process in time and readiness for Month End closure of Material Ledger Coordinate, analyse and report Savings Initiatives in the Operations environment in a bid to improve effectiveness of approved spend and enhance efficiency in operations Report operational results in the HFM {Hyperion Financial Management} and SAP BPC {Business Planning and Consolidation} Reporting tool as required on time with complete accuracy Coordinate the reporting of KPIs and Operations Risk Log while facilitating related meetings {KPI Business review meeting and Area Risk Management Meeting} with stakeholders Capital Project cost tracking and reporting including Capex need evaluation with Business Case preparation in support of expansion in the factory Show less Management team member of the Society ensuring financial integrity of its activities and monitoring its liquidity and going-concern status.The objective of the Society is to promote the economic interests of its over 300 members by:(a) Encouraging regular savings amongst members so that each member may cultivate the habit of making regular savings.(b) Providing credit facilities to its members at a reasonable rate of interest (c) Undertaking to acquire and maintain a diverse investment portfolio comprised of real estate, stocks and shares, government bonds and securities, hedge fund units, (d) Engaging in the business of trading consumer and producer goods and services at fair and reasonable prices.(e) Investing in other profitable business ventures by providing corporate and project finance.(f) Seeking loans for residential, commercial or industrial housing development from banks, the co-operative circle and other financial institutions.(g) Acquiring parcels of land for resale, lease or development on behalf of its members as a long-term investment for the Society.(h) Raising funds for the business of the Society through the issuance of shares to members of the Society (i) Encouraging fixed deposits from members.(j) Seeking and obtaining loans for the business of the Society from banks, the co-operative circle and other financial institutions.(k) Seeking, facilitating and securing mortgages either for on-lending to members or for housing development and letting or selling such dwellings on mortgage basis.(l) Doing anything within the law and entering into any transaction which in the Society’s opinion is necessary to ensure the proper performance of its functions or the attainment of the above listed objects. Show less  Organise meetings and report the Cashflow status of the company to the Area Finance Director weekly (and other Leadership members as appropriate) as part of the decision making points in the company. Represents the company and attend forums, seminars and conferences organised by international bodies and banks e.g Euroconference on Treasury operations A management member of the BATN Staff Multipurpose Cooperative and also manages the financial affairs of the Cooperative as Treasurer. Carry out Cashflow analysis, prepare and review cash forecast and evaluation of company cash flow status to enable prompt decision making by the Treasury team and Finance Leadership Team. Daily monitoring and updating of cash status in all BAT accounts in banks to ensure balance accuracy & compliance with mandates and counterparty limits Manage the prompt payment of Royalties, Technical Service Fee (TSF), Dividend and remits all taxes associated with the payment. Monitoring of all import trade transactions to ensure payments are made timely and proper ledger posting of the transactions. Ensuring raw material import process (LC/BFC) is seamless and discrepancies in documentation is sorted out quickly to facilitate supplier payment and material import to BAT Interface with financial institutions for relationship management and attending to Internal & External Auditors Management of bank facilities to ensure adequate funding of working capital requirement Facilitating Foreign exchange bids for company transactions at inter-bank and WDAS through our banks. Annual review of treasury policies to ensure compliance to BAT group standard. Confirmation of cheques and other payment instructions to banks to ensure control is tight in payments made or the company Show less  Carry out analysis, review and evaluation of company data in supporting company top team in decision making. Supported the Strategy, Planning and Insights agenda of the Marketing function ensuring all marketing data analysed are transformed into tangible and actionable decision improving route to market and sales efforts Liaise with external stakeholders in an effort to get valuable information on industry and competition to enable effective action and decision making input for the top team Provide adequate information, insights and data analysis to the marketing trade and brand teams for effective planning and execution of brand/trade activities Modeling and analysis for data use and decision making regarding market improvement and performance Conduct spot market visits to different regions to ensure appropriate data is captured in a bit to improve Trade Marketing performance and market analysis Drove the conduct of various research studies and resultant data analysis (e.g Customer Satisfaction Measurement, Retail Census Study, Retail Audit etc) to ensure the market opportunities are exploited and sales improved Utilised various Analytical tools (e.g BATProbe, Nitro, Excel Models) to analyse and interprete market data to ensure Brand Marketing decisions are optimal and seccessful An attendee/participant in various EMF meeting (e.g Cycle Planning, Demand Review, Strategic Planning) contributing to decision making at upper levels and supporting teams. Show less  Carry out the appropriate level of review of all vouchers and coded invoices prepared and parked in SAP by AP Officers and departmental staff in such a way as to ensure correctness of coding, deductions such as taxes and the net amount payable. Ensure, through a proactive control and supervision of the AP work flow that suppliers and staff invoices are processed on a timely basis so long as correct documentation exists. Ensure that withholding taxes and other relevant statutory deductions are remitted to the appropriate Government authority in line with the Government stipulated period. Train, develop and coach subordinates continuously to enhance their performance on SAP or any other existing system in use and other relevant aspects of the job. Supervise the workflow of the AP Executives to ensure that an effective invoice collection process is in place and invoices received from suppliers and staff (reimbursements, advances and retirements) is promptly registered into the SAP Accounting Software. Check all vouchers and invoices prior to processing to ensure that company policies and delegated authority schedules are strictly adhered to, and that no transactions outside this policy or in excess of authority schedules are processed. Carry out a routine review of all AP accounts to ensure there are no errors or unusual transactions and agree the AP balances to the control accounts in the general ledger at the end of every month. Ensure prompt response to supplier’s enquiries and assist in making information available for prompt decision making. Finance Support for Facilities Department for Budgeting and Company Plan purposes. Show less  Ensure that invoice registration and coding through the CS3/POP/AP application are done on a timely basis to enable payment and periodic reporting to schedule. Ensure that all invoices have correct supporting documentation and that tax and other deductions are correctly calculated. Ensure that all vouchers/invoices and their supporting documents are invalidated after processing to avoid reuse. Ensure that only vouchers and invoices that comply with the Company’s policies and are within the authority schedules are processed. Ensure that supplier payments, staff reimbursements and cash advance are processed on time. Show less  Data capture for British American Tobacco Foundation and related transactions. Monthly preparation of Bank Reconciliation Statements for various banks in the use by the company and subsidiaries. Liaise with External Auditors as and when necessary. Bank errands for various cash office need e.g. deposits, withdrawals, statements collection and transaction follow ups. Maintenance of Finance Department Float. Handle the book-keeping aspect of cash/float transfer from Head office to various Regional offices and liaison with Regional offices in the respect of Float needs and Trade Marketing Representatives need. Show less

  • Finance Manager - Manufacturing, Planning & Reporting {West Africa Area}

    May 2015 - Apr 2018

  • SAP R3 ERP Migration - End Market Finance Process Lead - West Africa Area

    Nov 2013 - Apr 2015

  • Head of Finance & Treasury - BATN Staff Multipurpose Cooperative Society Limited

    Jul 2011 - Oct 2013

  • Area Treasury Accountant

    Apr 2011 - Sept 2013

  • Marketing Information Executive

    Nov 2007 - Mar 2011

  • Accounts Payable Supervisor

    Oct 2005 - Nov 2007

  • Accounts Payable Officer

    Jun 2004 - Oct 2005

  • General Ledger Assistant

    Dec 2003 - May 2004
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  BUA Group

  Jun 2018 - May 2020

  Group Finance Manager - Projects

  I was in charge of accounting for Projects in a company with diverse interests in the FMCG Industry with major interest in Cement, Sugar, Wheat, Mines, Oil & Gas, Real Estates, Rice and Oil milling etc.My duty is to ensure that the company’s projects’ financial performance is correctly measured on amonthly basis and also help to coach project managers in understanding the financial life cycle of theirprojects from the bidding process to conclusion while maintaining financial integrity of the projects.Specifics:• Provide tailored/customized financial support services to all Business Units and Group Head Office in relation to approved projects• Load approved project structures into system to facilitate issuance of requisition• Facilitate procurement circle for all projects viz: RFQs, Requisitions & Purchase Orders to Payment processing• Liaise with project managers for timely project closure to ensure capitalisation is done on time and in full• Provide commentary to all variances observed in project spend through forecast monitoring• Analyse all completed projects along the set criteria (Time, Cost & Quality) for management decision making• Coordinate post implementation review meetings with stakeholders for future improvements• Regular budget performance reconciliation with Project Managers, Finance Office and other relevant stakeholders• Coordinate and review CAPEX Budget commitment & capitalisation projections• Prepare monthly project status reports• Support Project Managers with projects investment appraisal for business cases approval purposes• Review Project business case and ensure it meets with management's requirement before submission• Provide guidance on policy violation via reporting while supporting Mgt in conducting needed reviews• Ensure strong CAPEX Governance while providing financial analysis for review meetings• Actively interface with other departments to resolve issues & drive process improvement Show less

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  MEDLOG Transport & Logistics

  Jun 2020 - Apr 2023

  Head of Finance and Accounting

  I am the Head of Finance and Accounting in a multinational company with diverse interests in the Maritime Logistics and Supply Chain Industry with major interest in shipping, global and local end to end logistics.As part of the Management Team, I oversee the company's Financial performance while ensuring that the overall objectives are met in line with global strategy. My portfolio also includes leading the SAP ERP project implementation and ensuring that Financial Reporting is completed to the Global Headquarter in Geneva Switzerland. Show less

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  Royal Foam Nigeria

  Apr 2023 - now

  Chief Financial Officer