Oge Okoli (BSc, ACA, MBA, MSc)

Experience

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  Shell Petroleum Development Company​

  Aug 1998 - Jun 2002

  Accounting Officer,Corporate Education(Shell Intensive Training Programmer- SITP)

  Responsible for the administration of budget circa $6m, monitoring expenditures, processing and administration of minor and major contracts (with UNIVATION -The Robert Gordon University) in charge of the Shell Intensive Training Programme (SITP/1) for Nigerian graduates.Job highlights• Administered and monitored the entire SITP/1 programme’s budget and expenditures.• Prepared accrual reports and value of work done, processing all payments, invoices and bills.• Processed material requisitions and job orders as well as processing and administration of major and minor contracts.• Updated financial records, monitored deficiencies and provided remedial actions• Attended Divisional Management Tender Boards to defend contract requisitions and proposals.• Administered SITP/1 Trainees payroll system and disbursement of incidental expenditures. Show less

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  Shell Petroleum Development Company

  Jul 2002 - Dec 2004

  Support Business Accountant

  Part of the Development and New Business Directorate Support Team responsible for financial and business advisory services to Subsurface Development and Exploration Team.• Budget PreparationPrepared annual Activity Based Costing (ABC) budget model and the team’s business plan based on life cycle evaluation that maximises asset value and business needs.• Cash Call PreparationSupported the reconciliation of planned commitment provided by Project Engineers and activity executors at the commencement of the year to actual work done.• Management Reporting:Monitored and reported asset and business performance against agreed key performance indices. Collated value of work done (VOWD) but not invoiced from Project Engineers, carried out challenge sessions prior to entry as accruals in the ledger and also conducted variance analysis prior to transmittal to management. An understanding of the existing projects and the business at large is required to make impact in this job aspect.• Budget & Commitment Control:Monitored alignment of team budget expenditure with the business plan which involved capturing job/work orders as they are committed and agreeing them to the detailed business plan. Carried out monthly presentations to the Line where issues, offsets and pressures are highlighted.• Project Evaluation/AccountingMade input for decisions such as lease versus buy options with inputs such as ensuring value for money by challanging the reasonableness of the purchase or lease. Developed strategies for capturing costs for specific projects by using separate budget items (BIs) and different RFAs (Request For Authorisation).• Contract Management and Invoice ProcessingAgreed third party invoices to contractual terms, ensured taxes were rightly applied, as well as checked that retentions where necessary were withheld and the right cost centre was charged. Ensured that invoices were actioned by relevant Line parties in line with Finance Directorate score card timeframe. Show less

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  Shell Petroleum Development Company

  Oct 2007 - Sept 2008

  Project Controls Infrastructure Department

  Team member of the Community and Infrastructure Projects (CIP) team whose general function was to provide quality and tenable infrastructure for the communities within Shell operations in line with a General Memorandum of Understanding (GMOU).• Planned and prepared project budget of circa $6.5m per year. Carried out financial monitoring of performance of over 150 projects, reviewing deviations from plan, as well as conducting variance analysis for the projects. • Processed the teams purchase requisitions and service entries required for the projects as well as monthly reviews of the value of work done using the SAP software.• Analysed financial data, and produced financial reports for Shell Management and the Joint Venture partners. • Provided financial advisory services to the project team and interface customers. Show less

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  Shell Petroleum Development Company

  Mar 2010 - Oct 2011

  Business & SAP Support Accountant

  Team member of the Infrastructure Services team providing office and residential services, civil and electrical maintenance/upgrades, catering services and utility projects.• Participated in the Budget build up and planning exercise for 2011 and 2012 budget years, budget alignment/realignment exercise (showing offsets/pressures), and budget phasing.• Facilitated the setting up of 39 contracts for project management and Inspection services (QA/QC) leading to prompt payment of relevant contractors and non disruption of services.• Raised network/work orders, purchase requisitions and service entries in SAP for routine and non-routine civil and electrical maintenance, and quality control/quality assurance services.• Carried out budget/performance monitoring, analysed financial data, and produced financial reports for team leadership as well as support financial reporting to the Joint Venture partners. • Tracked and reported Technical and Operational performance against plans as it relates to Infrastructure Services activities. • Provided high quality and timely management support with regards to SPDC Infrastructure activities performance appraisal and other corporate information requirements covering all relevant business areas ranging from Travel, Real Estate, Facility Management and HSE. Show less

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  Freelance

  Jan 2013 - Aug 2017

  Investor - Financials and Derivatives

  Stocks, real estates and Forex

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  Arropa Nig Ltd

  Jan 2018 - Jun 2020

  Director

  Online Retailing

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  Tenagas Energy Limited

  Sept 2020 - now

  Managing Director