Emmanuel O.
Senior Finance Executive
Open to offersNew to PlatformLanguages
English
Video Introduction
No video introduction yet
The candidate has not added a video.
Contact information and social networks are private. Connect to unlock.
About
Olaitan E. is a seasoned financial and accounting professional with over 15 years of experience in implementing modern accounting, reporting, auditing, and risk management approaches. His expertise spans the midstream and downstream sectors of the oil and gas industry. At MRS Oil Nigeria Plc, he played a pivotal role in developing frameworks for operational excellence that interfaced with the finance and internal audit departments, enhancing the quality and timeliness of financial reports. Currently, as the Executive Director of Finance & Admin at Handata Solutions Limited, he is instrumental in financial restructuring for SMEs, implementation of IFRS standards, and modernization of accounting software systems such as SAGE and QuickBooks. Olaitan specializes in financial analysis, internal controls, and strategic decision-making through reports and reviews for entities like the Securities and Exchange Commission. His work with Cinoil Petroleum & Gas Limited as Head of Internal Audit and Financial Controls further underscores his prowess in cost reduction and efficient financial operations. Olaitan's professional journey is supported by a B.Sc. in Accounting and certifications such as Associate Chartered Accountant from the Institute of Chartered Accountants of Nigeria.
Experience
Executive Director Finance & Admin
Handata Solutions Limited · 2020 — PresentRepresents the company during strategic meetings focused on the financial restructuring of medium and small business entities. Implements a new financial reporting framework in accordance with IFRS standards and oversees the integration of accounting software like SAGE, QuickBooks, XERO, and Busy accounting. Assists in preparing financial statements, enhancing the quality of financial and management reports while reducing timelines. Reviews reports from accounting units including receivables, payables, and fixed assets. Prepares Management Accounts and files quarterly and annual financial statements to the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE). Conducts monthly business reviews with key management staff to facilitate strategic decision-making. Analyzes financial reports, assessing key business indicators such as profitability and liquidity. Aids in financial tax planning, forecasting, and budget monitoring while developing bookkeeping, internal control, and product costing templates and procedures.Credit and Planning Analyst (Reporting and Performance Planning)
MRS Oil Nigeria Plc. · 2015 — 2020Implements standards for credit rating and reporting while conducting IFRS impact assessments, including impairment testing. Supports the preparation of financial statements and enhances the quality of reports during this process. Reviews input from component accounting units and prepares budget variance analyses to assist in strategic decision-making. Evaluates the sustainability of the current business model and performance, providing various options. Delivers monthly business reviews to management for informed decision-making, and prepares forecasts and business plans monitoring them for operational efficiency.Inventory Control and Costing
MRS Oil Nigeria Plc. · 2018 — 2019Serves as the company's representative on the Business Internal Control Restructuring TaskForce for the Major Oil Marketers Association of Nigeria (MOMAN). Produces monthly product margin reports as a foundation for performance reporting. Reviews inventory movements across storage locations and their costs to ensure accurate product costing through WAC calculations. Monitors monthly stock take exercises, ensuring reconciliation to close gaps, and reviews cargo reports to ensure costing parameters are adequately captured. Addresses inventory variance issues raised by external auditors and prepares profitability reports to evaluate KPIs for cash-generating assets and profit centers. Implements standards for manual journal postings and oversees monthly journal reviews while supervising an ERP implementation project.Senior Internal Auditor
MRS Oil Nigeria Plc. · 2015 — 2017Acts as the department's representative in strategic meetings including the Steering Committee, Board Audit Committee, and Credit Committee. Prepares the Audit Charter along with quarterly Internal Audit reports and an annual Internal Audit plan. Reviews user access rights in the ERP system to ensure proper segregation of duties based on the workflow. Assesses the entity's risk profile and evaluates business processes, escalating any identified control gaps. Monitors service station operations and customer credit limits, and oversees the business processes for the Aviation Business Unit across the country while managing internal auditor activities.Head, Internal Audit and Financial Controls
Cinoil Petroleum & Gas Limited · 2011 — 2015Oversees finance and treasury operations involving local and foreign portfolios. Develops control systems for expense verification and asset utilization which resulted in significant cost reductions. Implements a new financial reporting framework aligned with IFRS standards and conducts reviews and analyses of financial reports focusing on key business indicators. Provides support for financial tax planning, forecasting, and variance justification against planned budgets. Creates bookkeeping, internal control, and product costing templates and procedures, along with inventory control, management, and reporting. Liaises with external parties including financial institutions, auditors, and suppliers while preparing profitability reports for service stations to evaluate cash-generating assets.Audit and Assurance
KAYODE ADEOSUN & CO · 2010 — 2011Conducts audits and prepares financial statements across various sectors. Tests controls in accordance with International Standards on Auditing and best practices, performing detailed analyses and substantive tests of account balances. Manages ledger and bank account reconciliations, along with fixed asset and prepayment schedule preparations. Prepares, analyzes, and interprets financial statements and reports, and undertakes cost verification and investigation exercises including tax audits for various states.Audit and Assurance
EMMANUEL NWACKUWKU & CO · 2009 — 2010Conducts audits and prepares financial statements for diverse industries. Tests controls based on International Standards on Auditing and best practices, alongside detailed analyses and substantive tests of account balances. Executes ledger and bank account reconciliations and prepares schedules for fixed assets and prepayments. Engages in the preparation, analysis, and interpretation of financial statements and carries out cost verification and investigation exercises.IT Facilitator
Comsoft Technologies · 2003 — 2009Facilitates business processes utilizing Microsoft Technologies. Manages comprehensive applications of Microsoft tools in business communication and financial usage, particularly with clients including EKO Hospitals, EMZOR Pragmatical Company, and Maryland Hospital. Develops templates for reporting purposes.
Skills & Expertise
Education
- Associate Certified AccountantThe Institute of Chartered Accountant of Nigeria · 2021 — 2021
- Certified Sage AdvisorSage University · 2021 — 2021
- Strategic ManagementInternational Business Management Berlin Germany · 2019 — Present
- Bachelor of Science (Honours) in Accounting and FinanceUniversity of Ago-Iwoye, Ogun State · 2004 — 2010
Interested in this professional?
Sign in as an employer to save this profile or invite Emmanuel O. to a job.
Sign in as an employer