I am an experienced Chief Financial Officer and Financial Operations Strategist, I have a worked in the Oil & Gas and Telecoms Industry, with core competence in Fund Raising, Capital Management, Process Automation, Strategic Planning, Financial Analysis, Corporate Finance, Managerial Finance and Leadership.
Nigeria April 2019 -- Date
Turnaround of a Manufacturing company with 4 distinct business units covering Aluminium and PET Recycling. Holding company for Aluminium City and Fan Renewables
Chief Financial Officer & Chief Operations Officer
- Monitoring the financial performance and the strategic direction of the company and its subsidiaries.
- Designed and effectively disseminated the company's new culture and values, towards creating a modern and efficient work environment.
- Implemented SAP as the group wide ERP, Office 365 as the collaborative work tool.
- Re-structure of 80% of the company's debt profile, extending tenor for 5 years and reducing interest rate by 600 bps overall
- Re-organisation of a 260 workforce to implement a K
Chief Financial Officer
Gas Train Limited
Sep 2014 - Mar 2019(4 years 7 months)
in OML38
Chief Financial Officer & Executive Director
- Developed and manage the finance road map for the group, focused on long-term growth and expansion, aligning all operations with Board plans, initiatives and recommendations
- Designed and implemented the capital raising process for group and portfolio company: securing a NGN4billion loan from Union Bank of Nigeria and NGN 800 million from Bank of Industry and equity injection from shareholders
- Provide guidance to the Board, Shareholders and Executive Management on financing strategy, company performance and financial decision making
- Implemented and automated finance operational controls for group and portfolio companies.
- Sculpted N1.1 billion principal repayments to N60
Chief Financial Officer
Quarra Rice Limited
Feb 2014 - Sep 2014(8 months)
- Generated financial analysis for capital decisions, operating changes and periodic management reporting for group and portfolio companies
- Supervised the capital raising process for group and portfolio companies, in conjunction with external advisors
- Managed bank relationship and disbursements, and schedule use of funds, ensuring efficient interest repayment processes with banks. Manage cash handling and storage processes
- Managed the Audit and Tax processes
- Set-up and implement operational controls for group and portfolio companies.
Chief Financial Officer
Whassan Eurest Nigeria Limited
Feb 2012 - Aug 2013(1 year 7 months)
- Implemented the company's strategic goals, creating financial plans and supervising the Senior Management Team via monthly KPI reporting
- Achieved 64% reduction in N2.3 billion in receivables within 3 months as part of cash optimising and balance sheet management strategy
- Cleared up a 3-year tax back log in 6 months, bringing the company into compliance on both state and federal taxes
- Reduced tax expense by $1.4m and reduced tax liabilities; offsetting corporate tax by increasing withholding tax credit note collections
- Designed & implemented cost reduction strategies that reduced general S, G&A costs by 30%
- Led a finance team of 20, including Financial control, Financial planning and analysis, Treasury & Tax departments with
MGR Financial Planning & Analysis
Main One Cable Company
Jun 2009 - Oct 2011(2 years 5 months)
- Overall management and delivery of Main One's $240m project model and business plan, tracking all stakeholders and ensuring no overspend across the board
- Implemented an automated HR/Payroll & Finance system enabling real time fact-based decision making.
- Built & implemented all budgets, financial systems and financial processes.
- Responsible for all Financial Reports: Shareholder report, Mgmt. reports, pricing analysis & new business evaluations
- Reduced premiums by 50% in major category of overall insurance portfolio amounting to $100 million in assets
Head, Financial Planning & Analysis
Helios Towers Nigeria Limited
Aug 2006 - Apr 2009(2 years 9 months)
- Provide modelling and ad-hoc reporting/analysis to the CEO and Managerial Staff, analysing financials to identify strategic development opportunities and key target areas for improvement
- Led budgeting, planning, forecasting, monthly reporting and analysis of sales & key performance indicators
- Drove a Sage Evolution migration from simple project accounting to regional matrix cost accounting
- Structured several Sale & Lease back deals which increased company asset portfolio
- Prepared and presented monthly management/board report
Senior Management Accountant
BBC Entertainment
Feb 2004 - Jul 2006(2 years 6 months)
BBC Entertainment, UK
Management Accountant, BBC Drama, UK
- Monitored 75-million-pound budget and spend of all 30 BBC Entertainment scheduled shows.
- Prepared monthly reporting on the channel's activities, P&L, Balance Sheet, variance analysis and commentary
- Supervised the group payroll management and reconciliation