Shittu Akinola AKINDELE
BUSINESS EXECUTIVE
Plot 95/96A Kehinde Odusote Street, Anthony Village, Lagos
Summary
Promote culture of continuous improvement to maintain adaptable and responsive organizations ready for changing market conditions and business demands. Expert in Financial operations and successful strategies for enhancing operations, profits and performance. Determined and responsible Director with more than 20 years of success boosting efficiency and streamlining procedures for Executives. Focused on smoothly overseeing financial, personnel and operational facets. Effectively balance targets with resources and optimize long-term success.
Overview
32
32
years of professional experience
45
45
years of post-secondary education
4
4
Certification
Work History
Chairman
BISBELL INTERNATIONAL VENTURES LTD
05.2018 - Current
- Provided recommendations on board of directors on group's effectiveness, actions and future plans.
- Chaired shareholder meetings, disseminating information and fielded questions.
- Facilitated decision making by building consensus and developing solutions.
- Aligned organizational objectives with company mission, increasing revenue, profit and business growth by collaboratively developing integrated strategies.
- Directed technological improvements, reducing waste and business bottlenecks.
- Initiated operational improvements using lean methodologies to drive efficiency and reduce costs.
- Maintained regulatory compliance across all areas of business operations, mitigating legal risks and reputational damage.
- Coordinate operational activities of various companies (Bisbell Oil & Gas, Bisbell Investment & Properties, Bisbell BDC, 1606 Synergy) within the group.
Group Treasurer
OANDO PLC
09.2001 - 05.2018
- Responsible for risk, cash and liquidity management and funding for Oando Plc's operations.
- Manage all treasury functions as well as providing financial leadership across the Group. Working at a corporate level by formulating policies and procedures in treasury operations, cash-flow management, taxation, foreign exchange and financial risk management. Drive improvements to current business processes and financial systems and act as an adviser to senior management on business strategy and potential investment opportunities.
- Executed financial due diligence tasks on daily basis to maintain optimal company finances.
- Trained and supervised 10 employees accounting policies, procedures and performance requirements.
- Advised management regarding significant expenditures to keep operations in line with budget limitations.
- Managed corporate capital and financial strategy, maintaining healthy financial course for long-term company stability.
- Prepared corporate fiscal and business plans to help strategically direct business operations and strengthen controls.
- Formulated strategic plans and supported tactical initiatives to execute cost-savings deliverables.
- Provided treasury and cash management by overseeing treasury and banking activities of various companies within the group.
- Assisted in upper-level decision making by creating comprehensive financial reports and collaborating with finance and accounting departments.
- Increased flow of financial information throughout company by improving communication strategies.
- Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.
- Managed budgets, assets, portfolios, accounts payable and receivable and general financial reporting procedures.
- Enhanced quality and currency of financial information by overseeing revenue collection systems.
- Directed corporate decision-making and planning by monitoring and setting policies and procedures to optimize fiscal performance.
- Act as in-house bank, whereby the treasury acts as a central counter-party for all loans and deposits operating companies, and consolidate their foreign exchange exposures before placing them into the market.
- Preserve and create shareholders' value by minimizing the adverse effects caused by fluctuations in the financial market on the profitability of the underlying businesses, and thus on the financial performance of Oando Plc.
Assistant General Manager, Finance
IBAFON OIL & GAS LTD
11.1999 - 09.2001
- Devised successful benchmarks and performance optimization strategies to enhance company objectives.
- Built and deployed strategies to achieve company vision and enhance tactical operations.
- Worked closely with audit team to prepare accounts and documentation as well as conduct audits according to all regulatory requirements.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance and revenue targets.
- Completed in-depth analyses of risks to control company profile, enhance systems and track legal concerns.
- Improved cash flow, retired debt ahead of schedule and built cash reserves into NGN500M+ while controlling costs and improving employee benefits.
- Analyzed operational issues and implemented corrective action plans to improve profitability and efficiency.
- Created and deployed forward-thinking initiatives to drive corporate vision and outperform revenue targets.
- Offered advice to other executive leaders on strategies to improve financial growth.
- Set and monitored effective financial policies.
- Directed all financial activities, including budget development, creation of budgetary controls and recordkeeping systems and investment management.
Senior Manager, Operations
OCEANIC BANK INTERNATIONAL
02.1992 - 11.1999
- Protected company assets with strategic risk management approaches.
- Interviewed and hired talented individuals with top-level strengths, improving organizational talent and skill set.
- Identified and capitalized on community business opportunities with effective networking.
- Maintained confidentiality of bank records and client information to prevent mishandling of data and potential breaches.
- Boosted revenue by NGN350M and grew Apapa sales team from 2 to 15 personnel within a period of 6 months.
- Uncovered and resolved strategic and tactical issues impacting sales management and business operations.
- Recruited, interviewed, hired and trained 20 employees and implemented mentoring program to promote positive feedback and engagement.
- Expertly grew liability book by NGN3 Billion
- Worked in various capacities as Head of Operations (Foreign & Domestic), Corporate Branch Manager and Treasury Operations
AUDIT SENIOR
KPMG AUDIT
04.1987 - 04.1992
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Developed and implemented corrective actions to bring business areas in line with standards.
- Facilitated financial and operational audits, working with internal and external managers to communicate recommendations or issues surrounding audits.
- Completed audit papers by thoroughly documenting audit tests and findings.
- Prepared working papers, reports and supporting documentation for audit findings.
- Identified audit risks, prepared budgets and coordinated with management and audit team in preparing related reports.
- Identified management control weaknesses and provided value added suggestions for remediation.
- Directed and educated junior team members on auditing techniques and software.
- Monitored new trends and technologies as they applied to audit areas.
- Planned and executed operational audits of various business areas using risk-based audit methodology.
- Tested the design and effectiveness of internal controls by completing walk-throughs of complex business processes.
- Verified that company controls were in compliance with established policies by auditing stores and warehouses.
- Completed regulatory, pre-implementation and risk-based audits to achieve business objectives.
- Preparation of Annual Reports and financial statement of Companies.
- Execution of audit of incorporated and un-incorporated companies- Manufacturing, Trading, Investment and Banking.
LECTURER
KWARA STATE POLYTHECNIC
08.1984 - 04.1987
- Taught diverse student population by employing various learning styles and abilities.
- Used variety of learning modalities and support materials to facilitate learning process and accentuate presentations, including visual, aural and social learning modalities.
- Challenged and motivated students through in-depth lectures and discussions.
- Maintained a teaching load of 3 undergraduate and graduate courses each semester.
- Lectured and communicate effectively with students from diverse backgrounds.
- Inspired students to translate their academic interests into real world by taking positive actions.
- Initiated thought-provoking classroom discussions to help students develop their critical thinking abilities.
- Kept abreast of developments in Finance and Accounting field by reading literatures and attending professional conferences.
- Emphasized the importance of academic honesty with students and instructed them on proper citation of research sources.
- Counseled undergraduates in regard to educational and professional goals.
Education
ACA - ACCOUNTANCY
INSTITUTE OF CHARTERED ACCOUNTANT OF NIGERIA
Lagos 04.1987 - 01.1991
Bachelor of Science - BANKING AND FINANCE
AHMADU BELLO UNIVERSITY
ZARIA 09.1981 - 06.1984
No Degree - HSC
FEDERAL COLLEGE
ILORIN 09.1979 - 06.1980
High School Diploma -
Bishop Smith Memorial College
Ilorin 09.1977 - 06.1979
No Degree -
Lagos African Church Grammar School (LAFROGRAMS)
LAGOS 01.1972 - 06.1977
Skills
Deliverables oversight
Certification
Chartered Accountant (ACA)
Hobbies
Reading, Football, Travelling and Mentoring
Timeline
Chairman
BISBELL INTERNATIONAL VENTURES LTD
05.2018 - Current
Group Treasurer
OANDO PLC
09.2001 - 05.2018
Assistant General Manager, Finance
IBAFON OIL & GAS LTD
11.1999 - 09.2001
Senior Manager, Operations
OCEANIC BANK INTERNATIONAL
02.1992 - 11.1999
AUDIT SENIOR
KPMG AUDIT
04.1987 - 04.1992
ACA - ACCOUNTANCY
INSTITUTE OF CHARTERED ACCOUNTANT OF NIGERIA
04.1987 - 01.1991
LECTURER
KWARA STATE POLYTHECNIC
08.1984 - 04.1987
Bachelor of Science - BANKING AND FINANCE
AHMADU BELLO UNIVERSITY
09.1981 - 06.1984
No Degree - HSC
FEDERAL COLLEGE
09.1979 - 06.1980
High School Diploma -
Bishop Smith Memorial College
09.1977 - 06.1979
No Degree -
Lagos African Church Grammar School (LAFROGRAMS)
01.1972 - 06.1977
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