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
Experienced with Dolibar Accounting Solutions
Advanced Excel Skills
Proficient in Microsoft Word
Skilled in Microsoft PowerPoint Presentation Design
GAAP Financial Reporting Knowledge
Account Setup
Fundamental Design Principles
Attention to Technical Accuracy
Effective Communication
Collaborative Teamwork Abilities
Problem-Solving Skills
Strategic Solution Development
Team Leadership
Collaborative Teamwork
Supplier relationships
Self motivation
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