Abdullahi Lawal, AFM, FMVA®

Experience

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  Bank of Agriculture (BOA)

  May 2015 - May 2016

  Credit analyst and feasibility studies appraisal officer

  ACHIEVEMENTS:- Streamlined Daily Financial Reporting Process: Reduced reporting time by 20%. Ensured accurate financial data for decision-making.- Enhanced Financial Visibility: Produced comprehensive Profit and Loss accounts. Enabled senior management to make informed strategic decisions.- Efficient Account Management: Executed the opening of accounts using core banking systems. Meticulously recorded all entries in the opening and closing registers. Ensured compliance with regulatory standards.- Accurate Financial Documentation: Compiled detailed financial reports. Contributed to improved transparency in financial transactions.- Exemplary Collection Management: Reduced outstanding balances by 15%. Positively impacted the bank's liquidity position.- Reconstruction of Financial Records: Successfully reconstructed critical accounting reports. Rectified discrepancies and maintained accurate financial records.- Senior Management Ready Reporting: Prepared and presented comprehensive financial pages to senior management. Aided in strategic decision-making. Demonstrated a clear understanding of financial data interpretation.- Contributed to Process Improvement: Reduced errors by 10%. Improved overall efficiency in financial reporting. Show less

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  PETROSTUFF NIGERIA LIMITED

  Jan 2019 - now

  ACHIEVEMENTS:Achieved Cash Burn Reduction: Successfully implemented strategies to reduce cash burn by 20% during the past year, ensuring a healthy cash runway and contributing to the company's financial stability, especially in a challenging market environment.Strategic Path to Profitability: Advised and collaborated with the executive team on strategic decisions that led to a 15% improvement in the company's path to profitability, aligning financial decisions with the organization's long-term goals.Impactful Executive Presentations: Developed and delivered 10 presentations to the executive team, translating complex financial insights into clear and actionable presentations. These presentations aided decision-making and provided a strong foundation for critical initiatives.Financial Modeling Excellence: Created and maintained sophisticated financial models that served as a roadmap for the company's future plans. These models accurately projected financial outcomes and played a pivotal role in guiding strategic investments and resource allocation.Cross-Departmental Budget Collaboration: Collaborated with various departments to prepare and consolidate budgets, resulting in a streamlined corporate budget that improved resource allocation efficiency by 10% and facilitated effective decision-making.Data-Driven Dashboard Creation: Utilized advanced data analysis techniques, including Power Query and tools like Power BI/Tableau, to clean and transform large datasets into interactive dashboards. This enhanced visibility into key performance indicators and helped stakeholders make informed decisions.Financial Health Assessment: Played a key role in assessing the company's financial health by employing key financial ratios, such as the debt-to-equity ratio, current ratio, and interest coverage ratio. This analysis identified areas of improvement and supported strategic initiatives. Show less 1. Financial Planning & Budgeting: - Developed and managed a project budget exceeding $7.5 million, aligning financial strategies with operational objectives. - Conducted detailed financial forecasts to ensure resource allocation efficiency and project sustainability. 2. Cost Management & Analysis: - Monitored and reduced operational costs by 15% through detailed variance analysis and implementation of cost-control measures. - Streamlined procurement and payment processes, resulting in savings of over $50,000.00 annually. 3. Stakeholder Collaboration: - Liaised with TotalEnergies E&P, ensuring financial transparency and timely submission of reports, achieving 100% compliance with partnership agreements. - Provided financial insights that contributed to the project achieving key milestones ahead of schedule. 4. Treasury & Cash Flow Management: - Ensured optimal liquidity by managing cash flows exceeding $2 million annually. - Reduced fund disbursement delays by 20% through process optimization and improved vendor coordination. 5. Compliance & Reporting: - Prepared and submitted over 15 detailed financial reports, maintaining a 100% accuracy rate during audits. - Ensured adherence to tax regulations and corporate policies, avoiding any penalties or sanctions. 6. Manpower Financial Oversight: - Managed payroll and financial operations for over 10 contractors, ensuring timely and accurate payments. - Negotiated cost-effective agreements with service providers, achieving savings of $38,000.00 annually. Show less ACHIEVEMENTS:Streamlining Invoice Processes for Efficiency:Implemented an invoicing process by efficiently operating the Ariba now (Smart GEP), resulting in a 20% reduction in invoice submission time.Collaborated with cross-functional teams to identify bottlenecks in the invoicing process and led process improvements, reducing invoice approval time by 15%.Optimizing Cash Flow Management:Managed the treasury function, optimizing cash flow and ensuring seamless funding availability for project operations. For example, I developed a cash flow forecast that helped us identify potential funding gaps and take steps to mitigate them.Successfully implemented cash flow forecasting techniques, reducing instances of liquidity shortages during critical project phases. For example, I used a variety of financial tools to track our cash flow and make sure we had enough money to cover our expenses.Data-Driven Revenue Projection:Created comprehensive breakdowns of expected contract inflows using advanced data analysis techniques, resulting in accurate revenue projections and improved financial planning. For example, I used historical data and market trends to develop a model that accurately predicted our revenue for the next year.Leveraged historical data and market trends to develop robust financial models, aiding in strategic decision-making for sustainable revenue growth. For example, I used my financial models to help the company make decisions about where to invest their money to maximize their profits.Innovative Invoicing Strategies:Developed and implemented an invoicing approach, utilizing timesheets and cost sheets, resulting in 10% reduction in invoice processing time and increased accuracy.Collaborated with the teams to streamline the invoicing process, ensuring compliance with client expectations and contract terms. For example, I worked with the project teams to create a standard invoice template that met the requirements of our clients and contracts. Show less

  • Lead Assistant - Treasury, Financial Planning and Analysis

    Jul 2022 - now

  • Project Lead Account Manager (TotalEnergies E&P)

    Apr 2020 - now

  • Project Financial Analyst (CHEVRON NIGERIA LTD)

    Jan 2021 - Jun 2024

  • Project Lead Account Manager (Oriental Energy Resources LTD)

    Apr 2021 - Jun 2023

  • Project Lead Account Manager (ADDAX PETROLEUM DEVELOPMENT (NIGERIA) LIMITED)

    Jan 2019 - Apr 2023

  • Accounts Officer (Treasury)

    Jul 2018 - Dec 2021

  • Special Project Accountant (PS OFFSHORE LTD)

    Mar 2021 - Mar 2021

  • Special Project Accountant (Marine Platforms LTD)

    Feb 2021 - Mar 2021

  • Project Accountant (EXXON MOBIL)

    Jan 2019 - Dec 2019

  • Project Accountant (C&I LEASING PLC)

    Jan 2019 - Sept 2019
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  WAEED ALTABIEA

  Nov 2022 - now

  Founder