Oluwasike Ogunrinu (MBA, FICA)

Experience

• 

  UNITED BANK FOR AFRICA PLC

  Feb 2006 - Dec 2007

  FRANCHISE TELLER/ MERCHANT TELLER

  * Bulk, frontline, merchant and franchise teller

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  INTERCONTINENTAL BANK PLC NOW ACCESS BANK

  Jan 2007 - Dec 2012

  HEAD CUSTOMER SERVICE/CASH OFFICER/FUNDS TRANSFER OFFICER

  Cash Officer • Supervised all front tellers and bulk tellers at the branch• Managed the vault through the daily balancing of cash deposits/withdrawals and bank vault inventory with a zero error rate• Managed the branch cash (i.e. naira, dollars, and pounds), and ensured that the branch did not run short of cash supplies or exceed the insured limit.• Processed large cash withdrawals at the branch• Supplied frontline and bulk tellers with currencies as needed• Balanced the physical cash with the register balances and system balances on daily basis• Complied with all regulatory procedures relating to cash movement, deposits, and withdrawals.• Supported internal security and audit procedures by following best practices for locking cash boxes and restricting cash-on-hand volume.• Reviewed banking records to detect and address discrepancies in cash and asset registers.• Managed the branch’s ATMs and ensured cash was loaded when necessary while observing the cash limit policy.Funds Transfer Officer • Managed the treasury function of the branch through booking and liquidation of fixed deposits and treasury bills, raising bank drafts for customers, and advised customers in making informed decisions with respect to investment• Processed salary payments for staff of governmental and non-governmental Institutions with accounts at the branch• Managed the branch’s cheque-clearing activities – received and processed other banks’ cheques deposited at the branch, sent caution notices to other banks when cheques above certain amounts were received, and acted as the representative of the branch at the Central Bank of Nigeria (CBN)• Performed periodic general ledger and account reconciliation as well as branch balance sheet monitoring and management·Head, Customer Service Unit • Handled account opening and documentation processes for all individual and corporate customers Show less

• 

  CMB Building Maintenance Investment Company Ltd

  Jul 2013 - Dec 2015

  Accountant

  Treasury• Treasury management covering cash disbursement, banking, and analysis of various expense heads• Monitored stock card and issuance sheet to ensure adequate classification into various project accounts by posting into the Accounting Software (Peachtree software)• Entered stock items accounting software to identify the financial cost of materials in the store at any point in time• Participated in monthly stock-taking exercises and stock reconciliation Accounts Payable • Responsible for ensuring proper coding of all payment vouchers before posting• Analyzed petty cash expenses and ensured proper posting into the accounting system• Updated records of all debtors' ledgers for payments made so far on land, infrastructure, buildings, and other projects• Passed journal entries for bank charges and posting into the accounting system• Reconciled all bank accounts to the ledger accounts, and prepared bank reconciliation statement• Prepared and maintained day books on all outgoing chequesAccounts Receivable• Generated invoices for new clients and appropriately posted it into the accounting system.• Ensured proper coding of all receipts and other transactions before posting• Prepared and maintained day books on all incoming cheques• Payment of clients –incoming cheques into company bank accountsAd hoc Assignments:• Member of the Tenders Board of the Company responsible for procurement of major materials to meet building milestones for clients. E.g. roofing, electrification of poles and transformers, borehole and water treatment• Interviewed vendors and opened bids for contracts.• Managed the costing of any project and ensured that it did not affect the company's liquidity Show less

• 

  MIKANO INTERNATIONAL LIMITED

  Jan 2016 - Mar 2019

  Group Credit Controller

  • • Managed the treasury of the group and ensured that client deposits were promptly posted on all group accounts, and ensured that receipts were promptly raised on payments for all group accounts• Ensured that invoices were allocated in accordance with the client's payment advice on all group accounts, and ensured the invoices were promptly submitted to clients.• Ensured that client accounts were properly reconciled for all group accounts, and followed up on outstanding payments with the clients• Managed the various ledger accounts and ensured that the company's debtors ledger represented its true position at every point in time.• Ensured that all discounts, credit notes, debit notes, and write-offs were properly approved before entries were passed on all group accounts.• Periodically conducted age analysis of debt and prepared reports for senior management • Maintained close liaison between the credit controller and sales team in all departments/branches to resolve credit issues smoothly.• Dealt with internal queries about payments, ensuring customers pay on time and negotiating re-payment plans.• Assisted in setting up the credit control system, and deciding whether or not to offer credit• Identified changes in payment patterns and proposed action to avert indebtedness.• Managed disputed bills and negotiated with clients to bring payment within the agreed terms. Show less

• 

  Anheuser-Busch InBev

  Mar 2019 - Jul 2024

  Credit Manager West Africa Business Unit (Ghana And Nigeria-5Breweries)• Responsible for all collection activities and accounts receivables management; such as handling all cash postings and follow-up with attorneys or outside collection agencies regarding legal activities• Matching expectations of the global office to that of the Africa zone, and matching expectations of the Africa zone on credit with West Africa Operations.• Develop forecasting tools to analyze revenue and expense variance, and industry trend• Aligning Sales and Credit team processes to global best practices, and managing credit risks for the West Africa business unit• Supervising Shared Service Operations (situated in India) & Aligning KPI’S and SLA’s to meet company goals. • Cash Flow Management- including forecasting, budgeting, and variance analysis• Collaborate with the revenue team in determining product pricing and price monitoring• Lead credit discussions with senior management and submit credit/collections reports to management for timely decision-making at the Credit Committee.• Complete performance reviews and set objectives for the team as well as drive performance to meet/exceed expectations• Attend trade visits to interact with key customers to drive successful outcomes on dispute resolution of large account balances for high net-worth customers• Daily Sales Outstanding (DSO) Tracking and Monitoring Show less • Managed collections and debt recovery - recovered 10 billion naira ($25m) in 15 months (2020) for the company• Managed the company’s bank accounts through the supervision of the processing and posting of incoming electronic transfers from vendors/clients to the company's bank account• Reviewed customer complaints and resolved disputes and customer-related issues• Negotiated payment terms and tracked payment plans of debtors • Managed credit policies as well as determined credit limits for credible distributors and monitored credit payments to ensure no delay in payment• Periodically reviewed collections/credit band checks, made provisions for doubtful debts, and put in place action plans to mitigate against loss of funds• Managed the reconciliation of the General Ledger Transactions, and supervised the customer master data maintenance• Prepared monthly credit review reports for management and Credit committee proceedings• Ensuring payments are adequately allocated to the right ledger and invoices• Provided direction and educated internal and external clients on account receivable processes• Serve as subject matter expert to internal and external customers, offering consultation where necessary to achieve the company's overall business goals and enhance customers' profitability• Maintain report on all chasing activity to enable the company plough back on tax credit where possible.• Managed a team of 10 people across sites/depots Show less

  • Credit Manager West Africa Business Unit

    Jul 2020 - Jul 2024

  • National Accounts Receivable Manager

    Mar 2019 - Jul 2020
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  Africa Global Logistics Subsidiary of Mediterranean Shipping Company

  Apr 2024 - now

  Group Head Credit Control

  Credit Risk MonitoringCollection ManagementStrategic Debt Reduction ManagementNegotiation & PricingDSO Tracking