Isaac Okonkwor
Account Officer
Ikeja, Lagos
Summary
Highly motivated and results-driven accountant with over 5 years of progressive experience in financial management, reporting, and analysis within the FMCG industry. Proven track record of streamlining financial processes, improving accuracy in reporting, and contributing to informed decision-making. Proficient in NAV accounting software and Excel, with a strong understanding of Nigerian accounting standards. Seeking a challenging role to leverage expertise in financial reporting, cost accounting, and financial analysis for the financial success of a dynamic organization.
Overview
6
6
years of professional experience
4
4
years of post-secondary education
Work History
Assistant Accounting Officer (NYSC)
Elephant Group
10.2018 - 09.2020
- Prepared and meticulously documented accounting source documents, ensuring accuracy and compliance with internal policies, resulting in reduced processing time by 15% and greatly minimized errors
- Maintained and updated inventory records for 2 product lines, implementing improved procedures that enhanced stock accuracy and reduced discrepancies
- Efficient data entry in NAV: Accurately and efficiently entered high volumes of financial transactions into our NAV accounting software, ensuring data integrity and timely reporting
- Managed daily communication with bank representatives, resolving queries and issuing timely directives for transactions, ensuring smooth banking operations
Account and Operational Officer
Brakes, Batteries and Parts Ltd
01.2021 - Current
- Managed monthly transaction processing: Processed and posted a high volume of monthly financial transactions in our Dolibar accounting software, ensuring accuracy and adherence to accounting deadlines
- Ensured accurate monthly bank reconciliations: Conducted monthly bank reconciliations for our several bank accounts, identifying and resolving discrepancies to maintain financial accuracy
- Assisted in strategic planning by analyzing current operations trends and identifying opportunities for growth or improvement.
- Coordinated logistics activities to ensure timely delivery of goods while maintaining cost control measures in place.
- Facilitated communication between departments, ensuring seamless information flow and timely resolution of issues.
- Managed vendor relationships, negotiating contracts that resulted in cost savings and improved service quality.
- Managed payroll processing: Managed end-to-end monthly payroll processing for our employees, ensuring timely and accurate salary disbursement and compliance with statutory deductions
- Timely remuneration of pension payment
- Implemented inventory control measures: Implemented inventory control with regular cycle counts and accurate recording, leading to a 50% decrease in stock discrepancy and enabling reports on fast/slow-selling goods for management
- Prepared key accounting reports: Prepared and analyzed various accounting reports, including, monthly income statements, balance sheets, cash flow statements, providing management with critical insights for financial performance monitoring
- Conducted cost accounting analyses: Performed cost accounting analyses to conduct product feasibility studies for new products, determine product profitability, and identify cost-saving opportunities, contributing to informed pricing and operational decisions
- Managed credit control processes: Managed credit control processes, like setting credit limits, monitoring debtor balances, following up on overdue payments, reducing outstanding receivables by over 70%
- Generated weekly performance reports: Generated weekly reports on sales, creditors, debtors, and stock balances, providing management with timely performance data for strategic decision-making and operational adjustments
- Evaluated accounting processes and recommended efficiency improvements: including a template for automatic withholding tax deduction for supplier payment calculation, and another for dynamic selling price adjustments based on the ever changing exchange rates
Education
Bachelor of Science (B.Sc.) - Finance
University of Lagos
Lagos, Nigeria 01.2014 - 01.2017
Diploma in Finance -
University of Lagos
Lagos 01.2013 - 01.2014
Skills
NAV Software Proficiency
Timeline
Account and Operational Officer
Brakes, Batteries and Parts Ltd
01.2021 - Current
Assistant Accounting Officer (NYSC)
Elephant Group
10.2018 - 09.2020
Bachelor of Science (B.Sc.) - Finance
University of Lagos
01.2014 - 01.2017
Diploma in Finance -
University of Lagos
01.2013 - 01.2014
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