Olasode Mayowa

Experience

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  Phillips Outsourcing

  Feb 2016 - Apr 2019

  Staff Accountant, Assurance & Accounting

  • Ensured accurate preparation and updating, posting and categorization of invoices and expenses.• Applied understanding of client’s business to perform effective operational and financial audit procedures of the highest quality in line with applicable financial reporting and auditing standards.• Performed risk assessment procedures to understand client’s business environment and assessing the impact of key risks on the financial statement.• Ensured prompt processing of account payable and receivable daily.• Ensured accurate and prompt reconciliation of Bank Accounts to ensure all business transactions are recorded.• In charge of submission of all clients Invoices for further processing while ensuring the invoices comply with the terms and conditions of the contracts.• General ledger review, journal posting and reversals. Responsible for providing ad hoc financial reports.• Ensured accurate preparation and daily reconciliation of incomes and expenses incurred.• Revenue Assurance – ensure all income are correctly captured and posted.• Responsible for reconciliation of Bank Accounts, Accounts Receivables & Payables, also for providing reports on monthly and quarterly basis.• Ensured prompt and proper filing of all documents and vouchers periodically.• Management and Disbursement of Petty Cash.• Initiated and led the debt recovering of the firm’s debt with its major client (Ericsson), recovering over $10,000,000 in the process. Show less

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  Kennedia Consulting Limited

  May 2019 - Aug 2023

  Assistant Finance Manager

  • Worked collaboratively with the Business manager on administering and managing the annual target cost book of about $6million and revenue and capital expenditure of about $20million annually.• Streamlined the strategic financial modelling, annual target setting, and annual business planning process for the business to assess financial implications and support complex business decisions.• Collaborated with the Finance and management team to produce accurate budgets and forecasts figures while monitoring actual results and identify plausible reasons for variances to budget and forecast.• Managed all aspects of project monitoring including detailed journal entries, expense accruals, general ledger accounting, and account analysis as part of month-end close.• Performed the analysis of financial results and provide explanations on major variances to budget during the monthly operational site review meeting.• Provided financial forecasts, variance reporting and analysis, and other related financial reporting to internal and external customers.• Analysing and ensuring accurate posting of invoices, payment vouchers, journal vouchers and receipts of internal and external clients while enforcing proper accounting policies and principles as well as overseeing daily accounting operations amongst team members.• Complete ownership of assigned client’s full cycle accounting: tracking and processing supplier payment requests; coordinating progress payment release with status, collection of relevant documentation and supplier payment terms; internal controlling of sales/project costing and maintaining/filing supplier documents. • Preparing and analysing clients’ payables/receivables variance analysis.• Overseeing and reviewing the clients’ payroll accounts to ensure compliance with statutory deductions, employees’ contracts and ensuring it is in line with the monthly invoicing. Show less

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  Community Centre 55

  Oct 2023 - now

  Staff Accountant

  • Streamline accounting operations by implementing efficient bookkeeping procedures, enhancing accuracy and productivity.• Manage all aspects of accounts payable, accounts receivable, and general ledger entries.• Coordinate and participate in the processing of payroll including the computation and posting of employee time, subtraction of appropriate deductions, and preparation of required reports using ADP.• Collaborate with external auditors during year-end financial audits, providing accurate financial documentation and answering queries.• Working closely with the Business Director in coordinating weekly payment run (cheques, EFTs, wire transfers, direct bill payments), ensuring payments are made in a timely and accurate manner.• Manage and process banking transactions, ensuring accurate and timely deposits to maintain optimal cash flow while also maintaining internal audit of bank deposits to receipts written.• Enter and record monthly general ledger transactions using Sage 300, contributing to precise financial reporting and compliance with accounting standards• Collaborate with the Business Manager to develop and manage internal budgets using Sage accounting software, ensuring accurate financial planning and adherence to fiscal constraints• Conduct comprehensive analyses of balance sheet accounts to facilitate the timely and accurate closing of fiscal year-end books, contributing to the integrity of financial statements.• Assist Finance & Business Director in preparing financial reports for the Board of Management, staff, and City of Toronto departments, facilitating informed decision-making.• Processed annual charitable tax receipts, ensuring compliance with regulatory standards and maintaining accurate records for audit purposes. Show less