Olayemi OKUNNU

Experience

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  Access Bank Plc

  Aug 2008 - Aug 2010

  Relationship officer, Commercial banking group

  Relationship Officer for the assigned profit centre made up of corporate and sole enterprises for the establishment of current, savings and fixed deposit accounts.Sourcing of deposits/liability from corporate organizations and general relationship management.Drive project finance transactions such as invoice discounting, Local Purchase order financing, overdrafts etc.Drive customers’ business through aggressive value chain marketing.Disbursed and monitored Trade loans i.e. Import Finance, Standby LCs, offshore Bank guarantees etc.Initiated and appraised customer credits for management approval.Ensured proper utilisation and monitoring of approved credit facilities.Regular visitation to credit customers for recovery of credit facilities and working out of feasible repayment plans.Any other commercial function as may be directed by the line manager/Group head Show less

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  Dajcom Ltd

  Sept 2010 - Sept 2013

  Bank Relationship Officer/CFO Assistant

  Bank Liaison officer for all Bank related activities from account opening, transactions and account closing.Bank reconciliation, monitoring of all Bank charges and obtaining debit advices from bank for direct debits.International Trade Finance and liaison with offshore suppliers.Initiation and processing of all trade related transactions from Form M application, LC initiation, Insurance premium computation, goods delivery to warehouse and subsequent remittance of funds offshore.Import Purchase costing.Export (Form NXP) processing and utilisation of proceeds.Verification and final confirmation of shipping documents compliance for PAAR processing.Liaison with clearing agents for Duty assessment, subsequent payment of applicable duties.Liaison between Supply Chain Management and Insurance companies for Marine InsuranceAny other function as directed by the CFO Show less

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  Dajcom Ltd.

  Sept 2013 - Jun 2015

  Treasury Manager

  Cash management.Preparation and monthly analysis of forecasted and actual cashflows.Budget preparation.Follow up process on obtaining bank loans, guarantees, overdrafts, term loans, Import finance facilities etc up to disbursement and maintenance of bank limits.Preparation of Daily Funds Position and Daily Funds Availability position.Preparation of bank instruction- bid letters, board resolutions, bank guarantees etc.Preparation and follow up for RTGS and NIP transfers and USD transfers.Obtaining all bank statements for Accounts and Audit purposes.Liaison with other financial agencies like insurance companies, estate valuers on company assets.Handling of company credit cards issues.Any other function as may be directed by the CFO. Show less

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  Dajcom Ltd

  Jun 2015 - May 2016

  Corporate Treasurer and Credit Control Manager

  Overviewing all Bank related activities and relationships and reporting money market fluctuations.Regular review of all reports relating to bank ranging from facility and limit utilisation, utilisation of credit lines/exposure sheet and monitoring of maturity dates of facilities.Negotiated and evaluated bank loans, agreements, guarantees, overdrafts, term loans, Import finance facilities etcMonitored the Foreign Exchange (FX) market and several FX policies of the CBN.Deployment and maintenance of a corporate credit policy framework.Monitored and led periodic credit reviews of existing customers. Responsible for the entire credit granting process.Implemented changes in credit policies for flexibility and proficiency.Handled customer credit files and Collateral security review.Assessment of creditworthiness of potential customers.Ensured compliance at the branches and Head office with the Credit policies. Show less

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  A.G. Leventis (Nigeria) Plc

  Nov 2016 - Feb 2022

  Treasury Manager

  • International Trade Financing and liaison with offshore suppliers including payments, account reconciliation. • Negotiating and evaluating bank loans, agreements, guarantees, overdrafts, term loans, Import finance facilities etc.• Coordinating all account payables process from purchase order to eventual payment in line with payment terms and aging, payable control processes and vendor account reconciliation.• Overviewing all Bank related activities and relationships and reporting money market fluctuations.• Monitoring the Foreign Exchange (FX) market and several FX policies of the CBN.• Ensuring compliance with payable processes across the branches Show less

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  InQ

  Feb 2022 - now

  Finance Manager, Credit Control, Cash Collection and Treasury at Inq Digital Nigeria Limited

  Custodian of the inq. digital Account Receivable Policy Drive the overall receivable policy of the organisation, ensure debts are collected promptly and reduce exposures due to bad debt.Responsible for the regular review and maintenance of all processes, ensuring the processes remain customer centric and driving optimal business performanceResponsible for collections and follow up with clients to collect and resolve any collection issues. Responsible for the assessment and containment of risk of revenue loss and the elimination of revenue exposures. Billing customers for services rendered and constantly monitor the billing system. Identify additional revenue opportunities and also improve on the existing revenue policies based on industry best practices. Show less

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  Eat'n'Go Ltd

  May 2023 - now

  Head of Treasury

  · Overviewing all Bank related activities and relationships and reporting money market fluctuations.· Negotiating and evaluating bank loans, agreements, guarantees, overdrafts, term loans, Import finance facilities etc.· Coordinating all account payables process from purchase order to eventual payment in line with payment terms and aging, payable control processes and vendor account reconciliation.· Monitoring the Foreign Exchange (FX) market and several FX policies of the CBN.· Cash Management and Budgeting· Cashflow- Actual and Forecast.· FX Management and Control.· Establishing, ensuring and monitoring compliance with payment process. Show less