Olanrewaju Afeni

Experience

• 

  Union Bank of Nigeria

  Jan 2013 - Jan 2019

  °Posting of financial transaction (General Ledger and Customer’s Account) Processing of Cash (Local and Foreign currencies), Cheque & Draft- deposit andpayment. General ledger reconciliation and filing of financial transaction instruments. Management of vendors and Account Payables. Preparation of financial reports. Processing of taxes (FIRS, LIRS taxes- VAT, WHT, PAYE, etc) International Money transfer (Western union, MoneyGram, Ria, SmallWorld etc) Support for internal control and external audit Processing of Intra/interbank transfer and PTA/BTA Investment placement and liquidation (Treasury bill, Term deposit; etc. ATM custody. Show less

  • Fund Transfer Officer

    Jun 2016 - Jan 2019

  • Customer Service Officer

    Apr 2015 - May 2016

  • Cash Teller

    Jan 2013 - Mar 2015
• 

  Mazars Nigeria

  Feb 2019 - May 2021

  ° Lead team of auditors in audit engagement of clients of different sizes. Assessment of relevant economic, industry, social & regulatory factors affecting a client anddesign an audit plan. Preparation/review of financial statement to ensure compliance with International FinancialReporting Standards and Company and Allied Matter Act (CAMA 2020 as amended) and otherRegulatory Framework. Assessment of strength and weakness of a client’s control environment and design audit planaccordingly. Managing audits, reviews, compilations of financial statements and international reporting in abroad range of industries to meet client deadlines, firm budgets and required quality ofdeliverable Development of audit programs and testing procedures relevant to risk and test objectives in linewith the understanding of clients’ processes Performed financial audits to ensure that financial statements were fairly presented in line withIFRS. Evaluation of the organizations’ internal control environment and communication of amanagement letter detailing internal control weaknesses identified, risks inherent in theweaknesses and recommendations for improvement. Prepare of financial statements and management letter Prepare/review of tax computations On-going client relationship management. Presentation of financial statements to Board of Directors/AGM Administration of audit software Show less ° Planning and risk assessment Assessment of control environment, test of controls and identify control weaknesses Audit transactions and account balances in line with relevant IFRS and ISA standards. Prepare audited financial statements for standalone and group entities Preparation of management letter Tax computation of monthly filings for clients such as VAT, WHT, PAYE, and yearly CIT Periodic review of transaction cycles to ensure compliance with controls put in place bymanagement Periodic review social, economic and technological development and advice management onstrategic and tactical changes to business model. Carrying out bank reconciliation and investigating all outstanding items. . Administration of Audit software Show less

  • Audit Senior

    Dec 2020 - May 2021

  • Qualified Associate

    Feb 2019 - Nov 2020
• 

  EY

  Jun 2021 - Apr 2023

  • Preparation and communication of Group instruction to component teams.• Cross review of procedures performed by component teams in line with group instruction.• Manages component teams audit findings (Misstatements and control deficiencies).• Understanding Entity level Control and carrying out test of controls on client processes and procedures in order to assess the operating effectiveness of the processes.• Identification of significant business processes, class of transactions, understand the critical path of the processes such as the initiation, processing and recording phases. Identification of process risk points and relevant controls put in place to address process risk points in a transaction cycle.• Use of Data analytics to achieve audit efficiency and improved margin, through better understanding of nature of relationship in financial data and identification of risk of material misstatement.• Perform audit work on assigned caption (Impairment of Loan and Advances)- credit file review to assess appropriateness of loan staging, discussion of differences in loan staging with management, review appropriateness of portfolio segmentation, review macroeconomic scenarios adopted by management, liaise with specialist to review modelling of PD, EAD and LGD, circularization of corporate credit customer, etc.• Ensuring sufficient and appropriate evidence are obtained to support our audit opinion.• Supervise, coach and mentor junior staff on the audit engagement to ensure quality of audit work and professional growth.• Embracing diverse perspective and developing credibility by displaying good insight and business acumen in discussion with clients across financial services. Show less

  • Audit Senior

    Sept 2022 - Apr 2023

  • Audit Semi Senior

    Jun 2021 - Aug 2022
• 

  KPMG UK

  Apr 2023 - now

  Assistant Audit Manager

  • Planning the delivery of financial statements audit from planning to completion• Assessment of industry, entity specific and business process risk of material misstatement.• Understanding the design and implementation of manual and automated control. Test of design and operating effectiveness of controls. Identification of design weaknesses and control deficiencies• Identification and engagement of specialist relevant to an engagement, i.e IT audit, Data analytics, Asset valuation etc. Prepare scope of work and budget. Align specialist involvement with audit planned procedures, timelines and audit findings.• Perform audit procedures on complex and technical part of the audit such as estimation (Impairment, EIR, Valuation), Going concern, Securitisation, etc.• Identify and assess compliance with laws and regulations significant to the audit.• Project management. identify audit procedures/tasks that is required to be completed by audit and specialist teams, allocate tasks among team members based on skill and experience, set timeline for audit milestones, monitor progress, reallocate tasks (where required), schedule catch-up call with audit/specialist teams, and communication of file status to team members.• Audited entity management. Schedule periodic catch-up calls with management to discuss PBC status, audit queries and regular update on audit progress.• Review of audit work and coaching of junior staff to grow their technical competence.• Prepare audit plan and completion pack to be shared with those charged with governance.• Preparation of consultation memo for technical part of the audit that require consultation. Show less