Stephen Balogun, MBA, BSc., ACCA, ACA.

Experience

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  Bureau of Public Enterprises

  Jul 2010 - Mar 2011

  Internal Audit Officer

  All Internal Audit Related Jobs as delegated to me from time to time. Which includes, verification, vouching e.t.c.

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  FinaQuest Integrated Resources Limited

  Jun 2011 - Dec 2011

  Accounts Officer and Assist Consultant

  • Liaised, on behalf of the firm’s clients, with the regulatory authorities, tax authorities and bank.• Prepared the Financial Statement for clients.• Prepared Financial Statement for the firm.• Monitored inventory levels and updating bin card and store ledger accounts for the training arm of the firm.• Joint signatory with the Senior Consultant, to the firm’s checking accounts.• Contributed to the preparation of business plan, proposals and forecasts for clients requiring such service.• Administrative officer for the Certificate in International Financial Reporting (CertIFR) and Diploma in International Reporting (DipIFR) programmes for candidates willing to earn a professional qualification in International Financial Reporting with the Association of Certified Chartered Accountants (ACCA). Show less

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  Sheer Luxury Apartments & Suites LTD

  Mar 2012 - May 2013

  Chief Accountant

  • Prepared staff payroll with the inclusion of relevant statutory, voluntary and disciplinary deductions;• Carried out an evaluation of staff performance and rendering advice to the Coordinators accordingly;• Advised the management on matters of cost and plans to be implemented in tackling giving situations;• Negotiated with various vendors to enhance business relationships and agreed acceptable payment periods;• Addressed various staff matters from time to time;• Liaised with the banks on various Apartment matters concerning bank transactions;• Kept track of receivables from various customers;• Managed Imprest to meet daily operational needs of the Apartment;• Oversee the management of the general store by the store keeper;• Prepared the financial statements of the Apartment;• And many other duties which are frequently delegated to me for handling by the Coordinators. Show less

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  Heinrich Boell Foundation

  Aug 2013 - Dec 2015

  • Prepared monthly management reports in line with Germany’s Federal Ministry for Economic Cooperation & Development (BMZ) guidelines.• Prepared forecast of month-on-month expenditure in programme and office infrastructure and subsequently comparing this with actual results with a view to identifying variances, gaps and disconnects.• Actively worked on the drafting of budget for programmes and internal project activities alongside its monitoring and evaluation and reviewed and approved all project partner accountings where applicable.• Reported across all projects (over 30) funded by the BMZ through the organisation• Organised procurement and oversee the activities of procurement officer • Oversee process of year end audit.• other responsibilities assigned to me from time to time by the Head of Admin and the Finance Manager Show less

  • Accountant & Office Manager

    Oct 2013 - Dec 2015

  • Book-keeper & Project Assistant

    Aug 2013 - Sept 2013
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  BRATIM

  Feb 2014 - Nov 2016

  Strategic Business Leader Tutor - Governance, Risk, Ethics and Business Analysis

  • Tutored and Mentored student accountants studying for the ACCA exams across various diets.

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  Intel Extraordinaire Professional Services

  Jan 2016 - May 2017

  Managing Partner

  • Helped various clients to prepare all necessary documents for bidding for various government contracts including; annual report, NSITF Certificate, PENCOM Certificate etc.• Provided tax planning and advisory services to several client organisations.• Helped client organisations to organise of reorganise their businesses to ensure effective and efficient running• Trained various organisations including; Federal Inland Revenue Service (FIRS) senior staff on the IFRSs to assist the organisation implement the standards in their reporting procedures• Executed investigation and forensic accounting to aid a client in recovery of unpaid sums in tens of millions• Other services conducted in partnership with other consultancy agencies. Show less

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  QUEST Intel

  Feb 2017 - Nov 2018

  Strategic Business Leader Tutor

  • Tutored and Mentored student accountants studying for the ACCA exams across various diets.

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  Traxi Continental Limited

  Jun 2017 - Jul 2019

  Head of Accounts & Chief Finance Officer (Ag.)

  • Worked closely with the CEO and organisation’s main power actor to help business qualify for and obtain single-digit loan in excess of N2.4bn through the Agricultural intervention fund scheme.• Provided reliable financial reports accompanied with astute analysis that helped in securing equity contribution from several foreign investors• Management of assets worth in excess of N5bn via tracking and reporting thereby ensuring revenue assurance and maximization.• Uncovered leakages in revenue and cost inefficiencies and continuously created initiatives to plug all such leakages and inefficiencies to ensure profit maximization• Prepared budget annually including revenue run-rate to ensure key budget lines are always on-course and constantly designing a cashflow plan for the organisation on a monthly basis to help prioritize spending• Reviewed operational strategy and rendered advice on potential risks and mitigating strategies for same.• Amongst my other day to day tasks Show less

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  Armada Financial Services Limited

  Jul 2019 - now

  General Manager

  • Led team to Central Bank of Nigeria (CBN) for presentation on and demonstration of company capabilities to provide best-in-class service on funds disbursement to Bureaux de Changes in South-Eastern zone.• Led team for design software specification requirements of bespoke application for running effective and efficient currency distribution business.• Oversaw the complete setup of business structure complete with the finance function especially reporting structures• Design of tax planning and administration systems which helped the company to shield income in excess of N1bn from taxation• Managed and controlled funds from bids in excess of N400bn over a 23-month period without loss or incident. Fund managed continues to grow in billions on a bi-weekly basis.• Initiated strategy for business growth through both vertical and horizontal diversity to bolster and expand revenue lines. • Amongst my other day to day tasks. Show less