Augustine Alozie

Experience

• 

  Citi

  Oct 2000 - Nov 2007

  o Processing of all interest and charges maintenance on system including credit interest, debit interest, commission on turnover, management fee charges, VAT, withholding tax and other charges as approved in the CBN Manual.o Performs reconciliation of all interest and charges issues raised by customers and ensure rapid resolution and feedback to customers. o Processing of all new account opening including the opening of all customer account and internal account and mapping of accounts to appropriate General Ledger and sub ledgerso Ensuring that all customer account opening documentations comply to both local and Citigroup policieso Maintenance of all customer mandates and instruction on the system such as signature changes, address and other data changes relating to customer information.o Management of the banks Test word system to ensure the validity of incoming customer transaction.o Management of the Banks Holdmail box system and ensuring neatness and confidentiality of customer information kept in the hold mail boxo Streamlining of account services and customer services process to ensure greater efficiency through automation of several processeso Customer service Representativeo Automation of unit processes Show less o Management of all activities/processes relating to inward and outward clearing of cheques. These include crediting of other bank cheques (OBC) and debiting of inward Citibank cheques to various customer accounts as well as reversal of inward return cheques from customer accounts.o Management of the referral process for inward cheques that require temporary overdraft (T.O.D) approvals by the appropriate bank credit committee members.o Statistical analysis/presentation of company data as relates to deposits, withdrawals, referrals etc for management review.o Audit of unit processes and proofing of bank’s internal accounts.o Management of the Central Securities Clearing System (CSCS) daily transaction activities process. Show less

  • Executive Officer: Account Management Services

    Oct 2003 - Nov 2007

  • Senior Officer: Clearing Unit/Funds Transfer Unit

    Oct 2000 - Nov 2003
• 

  Citi

  Oct 2008 - now

  o Ensures the preparation of financial performance dashboard for the board of directors and audit committee meetingso Co-ordinates data analytics for products/businesses in respect of monthly/annual financial performance measurementso Co-ordinates banking industry financial performance analayis, monitoring all key indicators.o Supervising the expense manangement process of the bank, ensuring expenses are within budget and variances are accounted for. o Providing monthly management report for the banks financial performanceo Responsible for the quarterly tax forecasts and the Preparation of tax contingency reportso Co-ordinates the monthly/annual various tax computations which includes WHT, VAT etc.o Liasing with various Tax agencies on behalf of the bank which includes: FIRS, SIRS, RMAFC and other tax related agencieso Co-ordinates and ensures accurate and timely submission of all local regulatory report to CBN. This includes monthly bank returns, quarterly bank returns, Semi annual bank retruns, credit classification reports, Basel 2, Stress test and others Show less o Ensures the preparation of the monthly management performance reporting for the bank and the businesso Supports the Chief Finance Officer in the preparation of financial presentation for senior management and the board for the purpose of decision-making.o Supports the product/businesses by providing relevant data analysis and reconciliations that aid the businesses to plan and understand their revenues and expenseso Co-ordinates the expense management process for the bank, by ensuring it is in line with plan.o Coordinate and prepares the banks financial statement in conjunction with our external auditorso Reviews and analyzes the financial performance of Citibank as against the performance of other banks in the industry o Coordinates several CBN/NDIC risk examination and foreign exchange auditso Ensure effective policies and procedures are in place to manage and guide the finance functions.o Responsible for the banks monthly income tax computation and review of the monthly VAT and withholding tax returns to the FIRSo Represents the bank in all tax audits and reconciliations meetings with Federal Inland Revenue Service, State Internal Revenue Service, Revenue mobilization and Fiscal Commission and the Presidential panels.o Supports the business by providing appropriate advice on all tax matters covering company income tax , vat and withholding taxeso Member of the implementation committee of the FIRS project to automate VAT and withholding taxeso Responsible for the quarterly tax forecasts and the Preparation of tax contingency reports Show less o Supervises the Finance local regulatory reporting function, by ensuring that all local regulatory reports are accurate and submitted on time, by instituting and developing robust automated systems and appropriate control framework to meet the twin objective of accurate submission and deadline compliance. o Liaises with regulatory and other industry stakeholders on all matters pertaining to local regulatory reporting, providing leadership and training on the implementation of all prudential and monetary authorities directives and ensuring accountability in the process. o Implemented the development of the credit classification reporting system. A monthly report that provides 15 schedules of different credit information to the regulator by analyzing different aspect of the credit system including sectoral allocation, quality of credit, provisioning, analysis of top users of funds, risk rating of credit customers and interest rates spread across the loan portfolio.o Implemented the conversion of all local regulatory reports to International Financial Reporting Standards (IFRS). This required the creation of 172 new reports and entailed liaising with all departments concerned, studying report requirement and designing financial models that drove the implementation of all the IFRS report according to CBN strict requirements.o Designed and set up the Risk based pricing templates used for determining the basis of the banks’ lending rate and also set up the stress-testing template used for determining the elasticity of the major risk and income variables of the bank. o Developed and built in validation and cross validation checks for all finance local regulatory reports to ensure consistency of reporting and accuracy.o Severally led a comprehensive review of Citibank local regulatory mapping table in order to provide reassurance of accurate and consistent reporting Show less

  • Acting Chief Financial Officer

    Oct 2024 - now

  • Assistant General Manager–Finance: Management Reporting and Tax

    Nov 2019 - Oct 2024

  • Manager–Finance: Management Reporting and Tax

    Oct 2012 - Oct 2019

  • Assistant Manager Finance :Regulatory Reporting and Balance Sheet Control

    Oct 2008 - Nov 2012