Victor O. Afolabi, BSc, ACA, ACA-ICAEW

Experience

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  Chicason Group (A-Z Petroleum Products Ltd; Afro-Asia Plastic Inductries Ltd)

  Sept 2011 - Sept 2014

  Internal Control Officer

   Drafted second-level Bank Reconciliation Statements, supervised and analyzed all the activities of the Production, Statistics and Supply Control Desks and reporting thereon to assist management’s strategic decisions. Adeptly supervised all control activities during stock count exercises, inspected transaction documents to ensure compliance with the Company’s policies and that such were raised with highest degree of objectivity. Keenly inspected staff salary to ensure they are prepared in conformity with the Company’s structure, performed all compliance investigations, revenue assurance, daily reviewing of sales activities to ensure compliance. Show less

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  HealthPlus Pharmacy Ltd

  Oct 2014 - Mar 2017

  Accounts Officer (Lead, Treasury Operations)

   Proficiently report to the financial controller, support in managing the treasury operations & revenue assurance, monitoring bank balances, daily updating of fund allocation schedule and Un-debited Commitments. Skillfully tackle weekly harmonization of sales, preparation of treasury status report, treasury forecast for fund allocation, review treasury forecast, issue weekly fund allocation, and monitor fund allocation schedule. Expertly posting POS transactions, review (DSA) template to integrate any feature addition from Retail Pro, direct and Co-ordinate all Treasury & Revenue Assurance Operations, frequent relationship management with the Branches. Show less

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  SystemSpecs

  Jul 2017 - Feb 2018

  Assistant Manager, Data Reconciliation

   Chargeback & Representment:- Confirmed success and settlement of transactions to ascertain if a chargeback claim could be accepted or declined; Followed up pending representments from UPSL for prior day(s); Data Reconciliations:- Called over expected and unexpected inflows and outlows into the Transit account of CBN for prior days; Reviewed unusual and consistently high daily balance in the Transit account of CBN; Reviewed manual entries into Transit account of CBN; Reviewed settlements received from ITEX for prior day(s) for completeness and accuracy; Reviewed of card statement to ascertain bank credits as daily settlement for all processed transactions with UBA ITEX, confirmed difference as chargebacks already debited and report unreconciled variances outside chargeback. Also reviewed all chargebacks transactions debited in the statement to ascertain if claims could be accepted; Reviewed daily transactions through UBA ITEX to reroute/retrigger settlement credits in other bank accounts back to the dedicated account; Reviewed transaction surcharges by ITEX card processor and compare with the agreed percentage. Escalated excess charges for reversal and downward review; Requested for reversal of settlements that we are unable to apply due to duplicated payments; Identified and escalated reversal of card transaction settlements by ITEX, PayU and UPSL for prior day(s); Called over expected and unexpected inflows and outflows into the Transit account of CBN for prior day(s); Identified duplicated payments from the Transit account of First Bank for prior day(s); Reviewed CBN double posting (Cr/Dr) in transit account of Firsbank and escalate for appropriate retrigger by the technical department; Data Integrity:- Reviewed of user profiles on Remita platform to ensure correctness with mandates from MDAs and other Non-FG Corporates. Show less

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  S.P.A AJIBADE & CO

  Mar 2018 - Dec 2020

  Accountant

   Management of bank accounts and preparation of daily bank positions Preparation of monthly Bank Reconciliation Statement Review/call-over of entries posted on the system Management and reconciliation of trade debtors account Review of trial balance and ledgers for monthly final accounts preparation Preparation of monthly clients debt position Posting of monthly/quarterly expenses from prepayment into respective expense accounts Importation and consolidation of monthly branch account into the system Posting of monthly payroll journals Deduction of WHT on transactions daily Remittance of monthly taxes (VAT & WHT) and filing of returns Preparation of daily partners’ timesheet for invoicing Posting customer daily receipts and sending update to counsels Confirmation and Signing of monthly cash certificates Converting and posting of paid invoices from deferred income to the system Compiling actual budget for variance analysis Show less

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  Wigweandpartners

  Jan 2021 - Jan 2023

  Finance Team Lead

   Ensured team members are aware of their roles and expectations Allocated resources and overall finance management Management of Firm’s bank accounts and treasury Preparation of financials for monthly presentation to the management/partners Monthly administration of taxes; deduction of WHTs, payment of all remittances and filing of tax returns Planning, preparation of Firm’s budget and administration of same Budget/actuals variance & comparative analysis Evaluated and initiated investments Clients’ debt collection management Preparation of monthly clients’ debt position Monthly payroll management Show less

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  Federal Inland Revenue Service (FIRS)

  Jan 2023 - now

  Manager, Tax