Afolami Awokulehin FCCA, CPA

Experience

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  ACTS Professional Services (Ignatius Adegunle & Co - Chartered Accountants)

  Dec 2010 - May 2011

  Management Trainee

  • Collated preliminary information and reports for proposals to be sent to potential clients• Prepared the Pay as You Earn tax (PAYE) computation for staffs of client organizations• Prepared the budget and cash flow for SME clients ranging between $1,250 and $0.5Million• Collated the necessary documents for clients undergoing statutory audit reviews by tax authorities• Prepared the firms petty cash, bank reconciliation, salary schedule and other internal financial systems functions Show less

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  CELTRON GROUP - Celt Investment Limited

  Jun 2011 - Aug 2012

  Finance Officer

  • Prepared the financial statements both for external and management uses• Processed all financial transactions including invoicing of customers demand• Provided supports for audits including yearly statutory and tax audits• Analyzed financial data to ensure efficient use of resources• Ensured compliance with State and Federal Government regulations and restrictions• Prepared the monthly payroll schedule of staffs and the commission of dealers

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  Trepho Concept

  Sept 2012 - Dec 2013

  Finance Officer

  • Established the financial and management accounting procedures and systems and provided the necessary guidelines for preparation of yearly budget exercise• Prepared account payables and receivables schedule on a monthly basis using Microsoft Excel• Prepared the preliminary financial statements in compliance with Statements of Accounting Standards and coordinated the departmental activities during audits including yearly statutory and tax audits• Prepared weekly financial performance reports, including monthly budget variance report for management with the aid of Microsoft Excel, Word and PowerPoint• Prepared monthly payroll schedule with information provided by Human Resource department Show less

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  CREDIT DIRECT LIMITED

  Jan 2014 - Dec 2021

  • Managed and prepared the quarterly financial performance report for presentation to the Board finance committee.• Managed and prepared monthly financial performance report, budget variance, cashflow report, and asset and liability management report to the management. • Prepared the monthly and quarterly strategic business unit performance.• Managed the funding policy that ensured Weighted Average Cost of Capital was reduced by 7.8% and interest expenses by over $350,000• Managed cash flows, payments and collections, and made interest rate pricing decisions on the funding of company operations worth $21.5 million• Managed and prepared and posted monthly account payables, receivables schedule and other journals entries• Conducted scenario planning and stress testing to hedge against foreseeable risk (adverse conditions) that could hinder the operations of the company• Managed and processed various forms of taxes (Company Income Tax (CIT), Withholding Tax (WHT), Value Added Tax (VAT), Etc.) and pensions to appropriate tax authority and administrators respectively• Led the team managing the upgrade of Microsoft Dynamics Software from version 2013 to 2017 which led to paperless processing of transaction and reduced paper cost by 75% Show less • Provided assurance the financial statements were prepared accurately and in compliance with International Financial Reporting Standards and other industry standards (CBN prudential guidelines)• Planned and performed the audit engagement across the company's divisions• Reviewed and prepared audit reports and communicated findings to divisional heads, senior management and audit committee of the board• Reduced the turn-around-time in submitting audit reports by 25%• Reviewed the work of five team members to ensure sufficiency and adequacy of audit procedures and audit risks were properly managed• Reviewed and recommended the update of the company's Enterprise Risk Management framework to cater for gaps identified in order to avoid exposure to regulatory sanctions Show less • Reviewed and prepared audit reports and communicated findings to divisional heads, senior management and audit committee of the board.• Reviewed the payroll schedule to ensure accuracy and all statutory deductions are made and remitted.• Provide assurance that the financial statement is prepared accurately and in compliance with the International Financial Reporting Standards and other industry standards (CBN prudential guidelines).• Reviewed and recommended the update of the company's Enterprise Risk Management framework to cater for gaps identified.Credit Direct Limited is a Central Bank of Nigeria regulated Finance Company with 50 business offices in 25 States in Nigeria. The company has 1,200 employees and risk assets on excess of $120 million. Show less

  • Head, Financial reporting and treasury operations

    Jan 2018 - Dec 2021

  • Team Lead - South Region, Control, Compliance and Governance (Internal Audit Unit)

    Jan 2016 - Dec 2017

  • Control, Compliance and Governance (Internal Audit unit)

    Jan 2014 - Dec 2015
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  Neptune Theatre

  Feb 2022 - now

  Director of Finance

  As Director of Finance, I am saddled with the responsibility of ensuring sound financial management for a dynamic not-for-profit organization. Some of my responsibilities include:• Conduct measurement and evaluation of related goals and objectives and the accurate and timely reporting of financial results.• Provide leadership and employee oversight.• Develop and monitor control systems designed to preserve and leverage the organization’s assets to achieve overall success and long-term sustainability.• Oversee the statutory filings and payments of the organization; Manage capital assets, spending and life-cycle planning: operating and capital expenditures, general and cyber security; and insurance and risk mitigation. Show less