Kehinde Adekoya - FCA

Experience

• 

  Leadway Assurance Company Limited

  Mar 1999 - Feb 2000

  Underwriter

  Underwrote existing and new policies and processed claim settlement that guaranteed 90% budget achievementFiled all policies documents and streamlined transaction processing time by 10%Supported in computing appropriate risk premium utilizing company pricing tools for the specific line of business with additional consideration for reinsurance and other costs while ensuring profitability

• 

  Ecobank Nigeria

  Dec 2000 - Nov 2008

  Bank Officer, Cost & Budget Officer, Head of Operations

  Worked in various capacities and roles across Consumer Banking department, Domestic Operations, Branch Operations, Corporate Planning and Development Group comprising Financial Control, Strategy and Business Process Re-engineering departments of then Oceanic Bank Int'l Plc (Now Ecobank)Partnered with McKinsey Consulting to design products profitability model and financial analysis that supported growth of over 30% in balance sheet sizeAttained cost-to-income ratio of 55% by implementing a well-established budgetary and cost-control methodologyParticipated in the marketing of the bank Initial Public Offer and grew the bank capitalization by over N25b Revamped contract staff payroll process and saved over N5m on staff costPrepared and presented income statement forecast and monthly management performance reports that aided deposit mobilization by 50% Show less

• 

  Oceanic Bank (Gambia) Limited

  Nov 2008 - Jun 2010

  Chief Financial Officer

  Pioneered the financial control department and tutored the indigenous team’s capacity to successfully ran the departmentManaged the bank share capital of GMD60m and maintained capital adequacy ratio above 19% in conjunction with the treasury teamCreated regulatory reporting tracker that guaranteed 100% compliance with reporting timelineInstituted IFRS reporting templates

• 

  Standard Bank Group

  Jul 2010 - Apr 2015

  Manager, Technical and Financial Accounting

  Coordinated high performance finance team responsible for regulatory and financial reporting, general ledger managementManaged all aspects of intercompany transactions, account receivable, account payable, fixed asset and GL reconciliationGuided the Finance team in the roll-out of the Finacle across different countries and accomplished 90% applications synergy across the Standard Bank GroupImplemented an internal financial control forum which reduced year-end write-offs surprises by 90% and recorded consistent good audit ratingsDeveloped the accounting model for non-interest banking products and deepened product offering by 11% Show less

• 

  FBNQuest

  May 2015 - Apr 2022

  Improved the reporting capability of the finance department by 30% by streamlining the reporting applications that resulted in a savings of N59.5mChampioned year-end financial activities including mock-run, EOD pre and post zerorisation review for FBNQuest Asset Management and FBNQuest Merchant BankConducted data analysis that supported system interest computations of loan and deposit balances that ensured timely completion of hard close and year-end IT audit processLed the automation of critical Finance processes and exercised an oversight function on internal control over financial reporting, stamp duty, balance sheet substantiation and other health checkSpearheaded remapping of GL to FINA/EFASS for regulatory reportingDefined cost centre codes that aided cost allocation for performance management reportingSaved the bank N55.82m on vendor contract evaluation and price negotiation as a member of the Procurement and Evaluation Committee Show less Pioneered the Business Process Management and Enterprise Project Management Office departments to drive critical business process automation and optimization and ensured value realization on all deployed transformation projects applications across all FBNQuest entities.Directed business process re-engineering initiatives that resulted in optimization/automation of 20% critical processes at FBNQuest Merchant Bank and cut down paperwork by 75%Worked as part of the team that formulated the digital strategy of the bank Established customer service framework for FBNQuest Asset Mgt. that helped to track customers challenges and reduced resolved customers complaints by 20%Worked with the Business to anticipate potential problems, proactively resolved them and achieved internal customer satisfaction score of 94%Designed and supervised the implementation of daily financial reporting dashboard Show less Participated in all aspects of the Bank IT transformation project and managed project budget of $12.6mLed the implementation of enterprise/core banking applications such as Oracle, Finacle, Moody’s Analytics and realized 80% ROIFacilitated cross functional workshops to establish business requirements and documented processes for all new initiatives Orchestrated general ledger mapping, static and dynamic data migration and achieved 100% data completeness in the target systemEnhanced the bank intellectual properties by 10% through proper filing on SharePoint Business Parameters Document and self-developed training materials Grew deposit liability (Asset Under Management) by N50m on a year-on-year basis and referred opportunities for sales. Show less Managed IT project budget of over $12.6m to deliver transformation applications that changed the competitive landscape of the groupDeveloped the chart of account mapping, trial balance and conducted Finance end-user trainingManaged all aspects of project execution e.g., core banking and Enterprise Resource Planning applications roll out, vendor payments, NOTAP processing, WHT & VAT remittancesDeveloped data migration and validation strategy and validated migrated dataContributed to the building of the bank’s intellectual properties by uploading all necessary training and project materials on SharePoint Show less

  • Senior Manager Finance Transformation

    Apr 2021 - Apr 2022

  • Head, Business Process Management/Strategy

    Sept 2017 - Jul 2021

  • Acting Head of Operations

    Jun 2018 - Sept 2018

  • Vice President - Project Lead (Information Technology Dept.)

    Mar 2017 - Sept 2017

  • Vice President (Project Lead, Financial Applications)

    May 2015 - Feb 2017
• 

  ARILA GROUP

  Jul 2022 - Sept 2023

  Group Chief Finance Officer

  Spearheaded the design and implementation of risk and financial control systems that resulted in 100% posting of financial transactions and eliminated financial errors by 90%Formulate the group finance strategy and transfer pricing methodologyEstablish internal financial reporting control frameworkSupervise all aspects of the group financial reporting, tax planning, pitch deck and fund-raising initiativesEnsured 100% proper accounting treatment of grants received from MCF and IDH, thereby avoided undue tax exposures Show less

• 

  Polaris Bank Ltd.

  Dec 2023 - now

  Strategy Transformation Manager