OLUWAFEMI OLUSOMOKA
Lagos,
Summary
Detail-oriented Accountant with over three years of experience in accounting, bookkeeping and taxation. I have developed skills in tax returns, reconciliation, accounting, and payables. These skills have helped in meeting the goals of regulatory compliance and in improving the quality of the financial reporting processes. Keen to advance my experience in taxation, accounting and adding value to the overall success of the firm.
Overview
4
4
years of professional experience
1
1
Certification
Work History
Accountant
Network Exploration and Production Nigeria Limited
04.2022 - Current
- Performed detailed monthly reconciliations for numerous cash and bank accounts denominated in both domestic and foreign currencies, achieving 100% accuracy
- Conducted monthly creditors statement reviews and reconciliations, identifying, and resolving discrepancies with Accounts Payable team, thereby ensuring the accounts shows a true and fair position periodically
- Accounted for month end entries such as prepayments, accruals, and investments, posting journals accurately and timely, leading to monthly financial reports with a 100% accuracy rate
- Achieved 100% monthly compliance with remittance of statutory taxes (WVAT, WHT), levies (NCD, Stamp Duties) and Royalties by meticulously computing and filing taxes, resulting in zero penalties
- Participated in the 2023 statutory audit exercise in handling some auditor’s queries and provided support thereby creating sufficient time for my supervisor in meeting up with the deadline for filing of audited report
- Handled various tax audits such as NCDBM, FIRS, NURPC, analysed records and general ledgers and presented a true position leading to huge savings in tax liabilities assessment computed by the regulatory authorities
Account Officer
Flux Logistix Limited
01.2021 - 03.2022
- Prepared sales invoices, post same accordingly into SAGE, and carried out weekly debtors’ reconciliation used for following up with customers for prompt receipt of payment
- Processed purchases invoices, obtain approvals and ensured effective payment runs aiding smooth running of operations by over 70%
- Liaised with suppliers, providing swift explanations, and resolving inquiries within 24 hours, resulting in over 80% supplier satisfaction rating and improved supplier relationship management
- Remitted payroll related taxes such as PAYE, Pension promptly and timely in compliance with the regulations
- Performed reconciliation of the intercompany accounts periodically and raised appropriate bookings where necessary resulting in complete and accurate position of the books
Education
Bachelor of Science - Accounting
University of Lagos
01.2020
Skills
- Account reconciliation skills, executed in identifying errors and reconciling various types of accounts accurately
- Good communication skills, demonstrated in the presentation of reports and analysis in a clear and concise manner used by management in making informed decision
- Accounts payables skills, implemented in payment processing, liaising with suppliers and bankers to resolve issues and reconciling suppliers account
- Effective time management skills, utilised in the timely computation of schedules for making prompt payment of statutory taxes and levies without incurring penalties
VOLUNTEERING EXPERIENCE
Volunteer
Financial Inclusion Group, National Youth Service Corps - Lagos, Nigeria (06/2021 - 07/2021)
- Educated and empowered over 120+ wards in the Animashaun community on financial literacy, leading to a 25% increase in their understanding of financial products and services.
- Coordinated the efficient distribution of essential items to foster a strong saving culture among the wards, resulting in a 30% improvement in their savings habits and financial well-being.
Certification
- Associate Chartered Accountant (ACA) - The Institute of Chartered Accountants of Nigeria (ICAN) (12/2023)
- Participant, PwC Finance Academy - Training in Fixed Asset Management (10/2023)
- Participant, McKinsey Academy Forward Program - Training in Communication, Problem Solving, Adaptability and Digital Essentials (12/2022 – 05/2023)
Awards
- Awardee - NNPC/Total E & P Scholarship (05/2016 - 10/2019)
- Winner (Team) - Beyond a Degree Foundation Enterprise Challenge 6.0 (08/2019)
Timeline
Accountant
Network Exploration and Production Nigeria Limited
04.2022 - Current
Account Officer
Flux Logistix Limited
01.2021 - 03.2022
- Associate Chartered Accountant (ACA) - The Institute of Chartered Accountants of Nigeria (ICAN) (12/2023)
- Participant, PwC Finance Academy - Training in Fixed Asset Management (10/2023)
- Participant, McKinsey Academy Forward Program - Training in Communication, Problem Solving, Adaptability and Digital Essentials (12/2022 – 05/2023)
Bachelor of Science - Accounting
University of Lagos
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