Daniel Nzekwe (ACCA)

Experience

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  PwC

  Aug 2011 - Jun 2012

  Technical Accountant (NYSC)

  • Budgeting (E-COLA)• Cash office operations• Preparation and upload of creditors’ payment schedule• Preparation and upload of staff pension• Daily cash balance update• Journal entry (SUN System)• Monthly update of client WHT schedule• Remittance of client WHT cheques

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  May & Baker Nig.Plc, Lagos

  Aug 2012 - Feb 2013

  Receivable Accountant (Finance)

  Monitoring and reconciliation of all trade receivables (AR-GL reconciliation, AR Manual Ledger/AR module reconciliation)Preparation of age analysis report of all trade receivablesPreparation of credit utilization report of all trade and non-trade receivablesWHT Receivable analysisPosting of adjustment/correction journals (P&L items-AR, AR-AR, Accrued income-AR etc)Preparation and posting of sales promotion incentives (credit notes)Control, retirement and reconciliation of staff advance accountPosting of staff members' final entitlement (Accruals/P&L/SFP/AR/Ex-staff debtors) Show less

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  Nigeria LNG Limited

  Mar 2013 - Apr 2015

  Objectives:•Good understanding of the NLNG business- e.g. Cost drivers, Critical success factors, Key Performance Indicators•Good understanding of the NLNG budget, budgetary process and assumptions used in budget creation.•Provide professional advisory services to various business owners on strategic and operation activities driving the budget- Whole or split contract award decision, Ex-works or DDP decision• Ensure all departmental activities for the year are adequately catered for in the budget• Efficient and timely execution of all transactional/operational activities (-Budget clearance of EBAVs, WODRs, PODRs, E-canteen requests etc. Coding of expense claims, memo payments etc).•Ensure all contracts are awarded based on the "lowest bidder" or best value policy per business need•Ensure all Vendor tender bids are independently and fairly evaluated•Ensure business owners carry out timely progression (accruals) for all their activities in PACER and to take steps to recognize liability omitted in the ledger by business owners for the sake of completeness of accounts•Timely reporting- Monthly performance variance analysis report/ Quarterly budget reviewResponsibilities:Managed an OPEX budget of four business units with a grand total of $38 million•Budget Clearance- Material requisition, Purchase orders, Call off-Work orders•Monitoring, accruals and allocation of budget line items•Performance bench-marking- In-house/Industry standard•Vendor tender bid evaluation/Pre-qualification-Financial analysis•Budgetary process- Zero-base/4 Dimension budget creation/Quarterly review•Cost allocation, reporting/Performance variance analysis•Budget virement activitiesAd hoc Treasury function-Payment- Custom duty levies-Timely booking and payment of memo requests/debit notes: Shared logistics, ship towage etc-Monitoring receivables-Medical, telephone etc-Monitoring of micro-credit and booking of entries Show less Objectives•Safeguard Management information system by ensuring that costs are charged appropriately.•Protect the company from penalties by tax authorities/vendors by diligently applying deduction on levies and taxes correctly on all qualifying transactions for the tax department to remit on time. E.g. NCD/ NIMASA Cabotage levies, WHT, VAT etc.•Enhance the image of the company (reputation) through meeting our contractual obligations to our customers•Provision of support to Financial reporting in the implementation of IFRS Responsibilities•Review all invoices to ensure compliance with contractual terms and internal procedures•Review weekly overdue invoice report and resolve and or give relevant feedback on invoices for assigned business units- PACER-F•Ensure that expenses are charged to the appropriate cost centers in line with approved annual budget. (OPEX and CAPEX)•Monthly vendor GL reconciliation- Feedgas, NIMASA & NPA accounts- (SAP ERP)•Verify transactions to ensure compliance with relevant tax legislation and levies.•Provide professional advisory services to both internal (staff and management) and external parties (vendors, auditors, consultants, customers, banks and tax authorities.)•Process all non-payroll related payments prior to payment Show less

  • Cost & Budget Controller (PwC secondment)

    May 2013 - Apr 2015

  • Accounts Payable Specialist: Shipping&Engineering Division (PwC secondment)

    Mar 2013 - May 2013
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  PwC Nigeria

  Apr 2015 - Mar 2021

  •Acquire a working knowledge of the client’s business.•Lead client audit engagements, which includes Planning- Risk assessment, Risk analytics, Overall materiality, Performance materiality & De Minimis analytics, COSO framework documentation ; Execution- Test of control/ Substantive analytics/ Substantive test of details, Completion- Risk analytics, Assessing materiality, Preparation of financial statement based on IFRS illustrative •Test of controls which includes understanding the business process, performing walk-through procedures based on client’s internal controls and carrying out control validation procedures•Performing analytical review procedures to address all financial statement assertions.•Thorough understanding and application of IFRS and PwC audit procedures and techniques on all audit engagements•Preparation of IFRS based financial statement (s)•Proactive interaction with key client’s management to gather information, resolve problems, and make recommendations for business and process improvements.•Coaching and supervision of less experienced associates and interns on the PwC audit methodology•Preparation of weekly engagement status reports and budget tracker which showed hours worked till date, work done, number of hours to completion and budget position (i.e. whether the job is currently profitable or not). Show less

  • Assistant Manager

    Oct 2020 - Mar 2021

  • Experienced Senior Associate- Energy,Mining, Power & Utilities

    Sept 2017 - Sept 2020

  • Senior Associate- Energy, Mining, Power& Utilities

    Jul 2016 - Sept 2018

  • Associate- Energy, Mining, Power & Utility

    Apr 2015 - Jun 2016
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  Bell Oil & Gas

  Mar 2021 - Aug 2022

  Finance Manager

  Financial reporting Budget & Planning Financial controlCash flow planning Project accounting/ reporting Tax reviewStrategy review

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  Elektron Energy Development Strategies Limited

  Sept 2022 - now

  Financial Controller