Victor Adeniyi

Experience

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  Energy Optimization Nigeria Limited

  Jan 2016 - Aug 2017

  Audit Consultant

  • Conducted various audits of financial transactions such as sundry verification, stock- cash count to name a few.• Reconciled bank statements and reviewed cash balances/ retirements against source documents.• Prepared daily financial reports for top management decision making.• Reviewed purchase requisitions and ensure lease cost is promptly paid; reviewed sales commission for accuracy; reviewed weekly expenditure on staff feeding cost.

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  Inlaks

  Aug 2017 - Dec 2020

  Audit- Infrastucture Business

  • Prepared quarterly reports to the Audit Committee• Planned and conducted periodic service quality or inventory spot checks and investigate suspicious onsite activities to ensure early identification of violations by staff.• Managed operational activities and provided contributions to the strategic direction of the organization.• Developed annual audit plan according to the strategic objectives and the associated risks.• Developed plans for each engagement that reflected the scope and objectives of the audit assignment linked to the significant risk exposure within the particular environment• Identified and evaluated significant business risks associated with strategic and operational objectives of the company.• Led various audits and ensured the efficient and effective execution of annual audit plan for amendments when necessary• Followed up status of implementation of internal audit recommendations and documents.• Provided on-the field and on-the-job coaching and mentoring of Audit Officers• Acted as an interface with external auditors• Led confidential investigations on control breaches, as may be necessary from time to timeKey Achievements• Full implementation of annual audit plan• 97% close-out of audit recommendations resulting in cost savings and more efficient operations• Contributed to the repositioning of the Internal Audit function as a business partner• Value for money audit (with cost savings around $170,000 on projects and services rendered in almost two years)• Automation of payment process and migration from the legacy systems• Various field spot checks and closed investigations within Lagos and upcountry Show less

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  Lotus Capital Limited

  Jan 2021 - Jun 2022

  Financial Control

  • Updated the clients' investment & redemption records and valued the Funds Under Management daily• Mapped accounts set up, tax compliance, and statutory conformance transactions of all the Company Accounts and Funds Under Management• Prepared and reported accurately the weekly fund activities to the investment committees• Carried-out various investment analyses for decision making purposes by the management• Prepared and reported accurately the monthly or quarterly financial performance and position to the management team and regulatory bodies as required • Consolidated capital management, cash flow analysis, and reconciliations statements for the group and funds accounts with comprehensive weekly financial updates• Prepared annual audit schedules, collaborating with external auditing to verify compliance with all regulations to prepare external audit documentation and financial reports.• Set up and maintained ERP system finance function across all business units.Introduced internal controls to monitor critical areas of financial control and devised corrective actions addressing risks and deficiencies.• Collaborated with the team for monthly and annual capital and operating budgets, forecasts and financial reporting and variance analysis.• Introduced and managed IFRS technical accounting policies and best practices. Show less

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  KPMG UK

  Sept 2023 - now

  Audit