Ade Shonibare

Head Of Finance at Above Difference Limited
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Contact Information
Location
London, England, United Kingdom, GB
Languages
  • Yoruba Native or bilingual proficiency
  • English Full professional proficiency

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Credentials

  • Fellow Association of Chartered Certified Accountants
    ACCA
    Jan, 2007
    - Sep, 2024
  • PRINCE2® Practitioner
    APMG International
    Jun, 2009
    - Sep, 2024

Experience

    • United Kingdom
    • Professional Training and Coaching
    • 1 - 100 Employee
    • Head Of Finance
      • Feb 2021 - Present

    • Finance Business Partner
      • Jan 2018 - Mar 2022

      Providing freelance financial business partner type services for various organisations• Supporting small/medium sized organisations with their day to day decisions on their finances. • Providing interpretation and challenge to current & future business plans. • Working with key spend/earning arms of business (marketing, sales, accounting) by providing trend analysis and insights to various metrics. • Making recommendations and providing various templates for reporting at various levels within the organisation.• Supporting finance leads and department leads during their financial planning and budgeting processes.• Providing guidance and templates relating to project accounts, budget management and business case development in support of organisation’s projects.• Providing supervisory, coaching and training duties on internal control processes, financial administration and management accounting reporting.• Preparing business plans and advising clients on strategic growth initiatives including negotiating and funding for major projects.• Developing and implementing financial and management information systems and controls.

    • Chief Operating Officer/Senior Finance Business Partner
      • Oct 2014 - Nov 2017

      Managed limited resources to achieve the most productive and profitable outcomes, improving profitability by over 150% within two years. Also supervised the development and implementation of a new ERP system that streamlined the data capture and recording processes, facilitating effective decision making.• Developed and implemented a five-year strategic plan that initiated effective financial and management accounting systems, processes and procedures necessary for the profitable running of the hospital. • Put in place KPI reporting and process efficiency analysis including financial restructuring that removed redundant capacity and produced cost savings and efficient processes.• Developed and cascaded the organisation’s financial strategies to staff including the organisational chart, Five Year Business plan, Recruitment, Selection and Staff Appraisal policies and processes. • Supervised the design and delivery of the financial training programme ensuring financial literacy within the departments and teams.• Implemented appropriate performance and reward management practices to align personnel with company goals to achieve superior performance.• Maintained and fostered excellent professional relationships with various external partners and stakeholders.• Managed the final stages of a bespoke ERP system (MedicPlus & Odoo) implementation.• Led clients’ system vendor selection exercises, for new ERP solutions including Finance Systems, Procurement systems, HR and Payroll systems and other process enabling software.• Provided ownership of senior client relationships, managed client expectations, reported project progress and managed business sign off and acceptance.• Established the data requirements for workstreams from the legacy source system and mapping to target system tables.

    • United Kingdom
    • Education Management
    • 1 - 100 Employee
    • Head of Finance
      • Jan 2006 - Mar 2014

      Developed the financial systems and processes that guaranteed a seamless production of Management Information and Financial Statements with Board approval and commendation.• Developed and maintained effective financial strategies and systems, including preparation of financial statements.• Automated the allocation of funds across 10 East London Local Authorities using the funding formula provided by Government Office for London and the associated monitoring processes.• Overall responsibility for financial restructuring, business planning and budgeting processes, evaluating Market Intelligence (MI) and Business Intelligence (BI) to attain improved productivity.• Managed banking relationships and treasury activities ensuring adequate balance between short term working capital and medium to long term funding requirements.• Facilitated effective risk management strategy and supported the Chief Executive in developing and managing the risk register.• Maintained and fostered excellent professional relationship with Bankers, Auditors, HMRC, Contractors and other partners.

    • Finance Manager
      • Nov 2002 - Dec 2005

      Full responsibility for all financial accounting and administration function to ensure timely and accurate processing of transactions and report preparation, including statutory accounts and grant returns. Note: Company changed its name to 15billion in Jan 2006• Assisting in the development of appropriate financial strategies to ensure LECP's (London East Connexions Partnership) continued financial viability.• Reviewed, monitored and developed appropriate day to day financial systems.• Ensuring that LECP's financial transactions are recorded and carried out in accordance with agreed procedures and recognised accounting standards. • Was responsible for overseeing and running the internal audit function for all LECP projects. • Co-ordinated and prepared the year end activity for the organisation. • Collated, prepared and provided monthly management accounts and financial returns to the relevant stakeholders. • Assisted with the preparation of LECP's annual budget in conjunction with the Finance and Contracts Director and provided financial forecasts as required, to inform the Senior Management Group's decisions.• Planned the work of the finance team, ensuring a close working relationship with the Contracts and Monitoring Department. • Provided line management for the finance officers including aspects such as the promotion of inclusive working, training and development and promoting a good work life balance. • Prepared and monitored work plans to reflect the work to be undertaken by the department and producing quarterly reports for the Finance & Contracts Director on the achievement of that work. • Provided financial advice and information to Contractors, funded organisations and budget holders, therefore resulting in the effective management of their services. • Built and maintained good relations with various stakeholder groups including auditors, contractors, funders, grant recipients and represent the interests of LECP.

    • United Kingdom
    • Non-profit Organizations
    • 200 - 300 Employee
    • Financial Accountant
      • Jan 1999 - Jan 2002

      Created efficient methods for accounting and financial record-keeping and assisted the Director of Finance in their implementation.• Business partnering with relevant managers within the Charity to provide financial support and insights for board meetings, senior management meetings, auditors and other stakeholders.• Continuous development of finance team members, processes and procedures.• Preparation of quarterly VAT returns.• Worked closely with IT team to ensure that the financial systems are fit for purpose, sustainable and that users have correct access rights.• Oversee the investment portfolio managed by Schroders.

    • United Kingdom
    • Non-profit Organizations
    • 700 & Above Employee
    • Treasury Services Accountant
      • Aug 1997 - Sep 1998

      Managing 3 trading subsidiaries including all financial and management accounting reporting, statutory accounts preparation and liaison with auditors • Provided comprehensive treasury reports.• Provided internal and external reporting for the statutory accounts, regulatory accounts and other external bodies. • Provided support for the year end treasury accounting processes.• Participated in treasury projects.• Managed multiple bank accounts and acted as a key contact for funding banks.• Provided weekly statement of the various divisions’ cash position and variance to forecast.• Looked after the monthly interest accruals, corrections and bank charge analysis.• Assisted with the group and subsidiaries statutory accounts in accordance with GAAP.

Education

  • Emile Woolf College of Accountancy
    The Association of Chartered Certified Accountants, Accountancy
    1993 - 1996
  • Obafemi Awolowo University
    Bachelor of Science (BSc Hons), Accounting
    1982 - 1986

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