Sadiq Ademosu

Head of Finance

MKOPA

Jul 2021 - Current (5 years 3 months)

Member

Black Ops

Jun 2021 - Current (5 years 4 months)

Head of Financial Planning and Strategy

Renmoney

Oct 2020 - Jun 2021 (9 months)

Senior Financial Planning and Analysis Manager

Andela

Jan 2019 - Oct 2020 (1 year 10 months)

Backed by Mark Zuckerberg, Generation and Google Ventures, Andela recruits the most talented developers on the African continent, shapes them into technical leaders and places them as full-time distributed software developers for global engineering organizations. Some of my responsibilities include:

- Successfully migrated Andela’s corporate reporting from Excel to Cloud-based software reporting (adaptive insight), which has optimized reporting time by 100%.
- Successfully developed and implemented financial strategy into Andela’s 5th country (Egypt) and improved time to launch by 50%.
- Responsible for all African centers financial reporting, forecasting, budgeting and strategic analysis.
- Lead scenario modeling

Finance Manager (Financial Planning and Analysis)

Andela

Jan 2018 - Dec 2018 (1 year)

- Developed $90million budget for multiple business centers, which enabled Andela scale revenue by 120% (from $24million to $48million annual recurring revenue)
- Developed all financial strategy including financial model, supply analysis, unit economics & payback analysis for expansion into Andela Rwanda.
- Generated and presented monthly management accounts and variance analysis for Africa operations to the executive team which ensured Andela raised $100million before cash was burnt out.

Financial Analyst

Andela

Aug 2016 - Dec 2017 (1 year 5 months)

- Successfully built an operating model for the Nigeria center, which has ensured consistent positive variance to budget year on year and reduce wastage by 50%.
- Developed various investor related reports such as churn analysis and unit economics in securing Andela’s $40million series C funding.
- Developed $11million annual budget for the Nigeria center, which made the center the breakeven fasted than other centers.
- Generation and presentation of monthly management accounts and variance analysis for the Nigeria center to the executive team.

Financial Reporting Accountant

Jumia Nigeria

Jan 2015 - Jun 2016 (1 year 6 months)

- Reviewed daily entries made into the company’s ERP by general ledger team before posting into ledgers to ensure appropriate classification of expenses and ensure compliance with management policies.
- Prepared monthly financial statement in accordance with International Financial Reporting Standards (IFRS).
- Maintained fixed assets schedule for company’s assets and monitored movement thereon.
- Ensured monthly closure of all expense ledgers to ensure monthly, quarterly and yearly financials were timely

Accounts Payable Lead

Jumia Nigeria

Mar 2013 - Dec 2014 (1 year 10 months)

- Successfully created and implemented accounts payable process which optimized efficiency and improved payable days by 50%
- Led a team in managing invoice processing to over 1,000 vendors.
- Responsible for accounts payable balance at the end of every month. Providing commentary to variances in planned AP balance.
- Led a team, who ensured all vendor reconciliations were done on a monthly/quarterly bases.
- Tracking of due invoices and ensuring accuracy of payment to be made by treasury.

O

Junior Auditor

Oluseye Johnson Co Accountants

Jun 2012 - Feb 2013 (9 months)

• Gained knowledge of basic and important concepts of accounting and taxation in Nigeria.
• Got a promotion after six months of joining the company (the first of its kind).
• Privileged to have prepared financial statements for respective clients which helped my growth as a finance professional.
• Performed an analytical review of the Income statement for the purpose of ascertaining completeness and accuracy.
• Conducted a detailed review of the Statement of Financial Position to confirm valuation and existence.
• Ensured adequacy and effectiveness of various control procedures.
• Conducted review of general ledger within the accounting and financial reporting framework.
• Ensured preparation of the releva

N

Reinsurance analyst

Niger Insurance Plc

Jun 2011 - May 2012 (1 year)

• Prepared monthly premium schedule for management team in order to ascertain the Company’s growth structure
• Analysed and calculated claims for recovery purpose; thus identifying all unwarranted claims
• Involved in preparing and reviewing quarterly marine cargo insurance portfolio highlighting all the maritime insurance sold and premium received and identify areas of improvement.
• Prepared and analysed risk sharing potential of assets that the firm wants to collaborate on with other insurance firms.

Quality Assurance Officer

Nigerian Bottling Company Ltd A member of the CocaCola Hellenic group

Jun 2008 - Aug 2008 (3 months)

• Ensured quality control checks were maintained on beverages coming out of production lines.
• Ensured the level of gas in beverages were within the standard.
• Tested the purity of water that were used in preparation of beverages.
• Monitored the level of beverages in the finished products.
• Ensured product batch to be supplied to customers had the products expiry date stamped on them for tracking and recall purposes.

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Sadiq Ademosu

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Behavioral traits