Ademola Olanrewaju

at Ascension Consulting Services
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Contact Information
us****@****om
(386) 825-5501
Location
Nigeria, NG

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Experience

    • United States
    • Human Resources Services
    • 1 - 100 Employee
      • Mar 2022 - Present

      • Jan 2020 - Mar 2022

      • Jan 2015 - Dec 2019

      ▪ Managed all elements of business relationships with clients, including selling services, fee negotiation, billing, and daily client service needs▪ Organized strategic meetings with unit heads on managing employees’ emotions and relations which resulted in an improved staff turnover.▪ Developed strategic programs for an improved diversity, equity and inclusion that ensured that the workforce is filled with top talents with diverse backgrounds from different walks of life.▪ Rolled out the company’s first HR shared services center for delivery of internal coaching services; Established proper succession plan.▪ Concluded several complicated tax audits with combined values of about USD200,000,000.▪ Successfully processed tax refund of about USD40,000,000 for a taxpayer.▪ Managed personal income tax returns for the expatriates and resolved tax audit issues.▪ Identified and recruited top talents and managed the training needs of staff Trained, directed and motivated staff which increased the productivity by 26% Show less

      • Nov 2013 - Dec 2014

      ▪ Provided strategic supports and guidance to the senior leadership team and the entire workforce on how HR rules and programs should be interpreted and making sure they are applied correctly in order to support a productive workforce and happy work environment.▪ Planned, developed and implemented recruitment strategies▪ Participated in workforce development discussions and activities to define and refine qualifications for positions based on evolving organizational needs.▪ Developed job description for advertised roles and aligned same to KPI▪ Worked with finance and payroll staff to ensure benefits costs are properly accounted for and that employee payroll deductions are accurate.- Independently managed over $1.5 million of professional fees annually on clients within the Oil and gas and Marine industries.- Participated in several initiatives including Ascension Training Instructor, Strategy design and implementation, and tax quality/compliance inspection programs.- Identified key business and tax risks and provide recommendations for process improvements and strategy for implementing such recommendations.- Provided advisory to upstream companies in taking tax advantages to further enhancing their investments in the sector.- Planned and supervised tax and consulting engagements for several publicly and privately held corporations within the Oil and Gas and Marine sectors.- Built and maintained sound relationships with top management and Boards of Directors of several major publicly and privately held companies.- Managed all elements of business relationships with clients, including selling services, fee negotiation, billing and daily client service needs. Show less

    • Nigeria
    • Business Consulting and Services
    • 1 - 100 Employee
    • Director
      • Nov 2019 - Present
    • Chief Finance Officer and HR Manager
      • Aug 2012 - Sep 2013

      ▪ Developed a process for continuous evaluation of short and long-term strategic financial objectives. ▪ Successfully negotiated a ZAR5,400,000 facility from Parent company for the cloud computing project. ▪ Traded major invoices (factoring) with a bank to secure working capital loan for the business ▪ Developed an effective costing system to manage project costs. ▪ Prepared annual budgets including departmental budget and project planning. ▪ Prepared monthly management accounts, variance analysis including bank reconciliation. ▪ Provided executive management with advice on the financial implications of business activities. ▪ Managed processes for financial forecasting, budgets and consolidation and reporting to the head office. ▪ Provided training for staff to enhance their knowledge and competence on accounting package such as Sage and SAP. ▪ Set up an effective internal control that assisted the company to uncover fraud of USD$75,000 in one instance among other discoveries. ▪ Ensured compliance with relevant accounting standards, GAAP and applicable federal, state and local regulatory laws and rules for financial and tax reporting. ▪ Oversaw human resources functions such as recruitment, staff training, employee relations, and administration of benefits. ▪ Prepared and managed payroll for the organization including filing of PAYE with relevant tax authorities Show less

    • Nigeria
    • Business Consulting and Services
    • Manager - Tax, Regulatory and People
      • Jan 2010 - Jul 2012

      ▪ Directed and supervised the preparation and submission of statutory tax returns to Federal Inland Revenue Service ▪ Reviewed various accounting records including audited account in order to identify tax issues ▪ Supervised, mentored, and evaluated staff on risk-based tax issues and general quality control ▪ Prepared and filed personal income tax returns for high income individuals (high Net worth) with Relevant Tax Authorities (RTA) ▪ Supervised, monitored, and resolved various tax audit and investigation worth about USD30,000,000 combined. ▪ Reviewed of tax returns for tax compliance assurance purposes including petroleum profit tax, corporate income tax, withholding tax, value added tax, capital gains tax and personal income tax ▪ Provided succinct tax advisory or opinion to clients on various tax issues including basis for refund, claiming tax incentives among others. ▪ Responded to tax queries received from tax authorities on behalf of corporate entities Supported the recruitment drive of the Firm Show less

    • China
    • Accounting
    • 700 & Above Employee
    • Senior Tax Consultant
      • Jan 2003 - Jan 2010

      I was involved with many accounting and auditing jobs before finally joined the tax services in 2005 and acquired relevant experience which involved computations of tax liabilities and capital allowances, supervised and monitored tax audit conducted by government officials (SIR and FIRS), computations and filing of relevant tax returns such as monthly PAYE returns, VAT and WHT for compliance purpose, responding to tax queries and other relevant report/demand notices, tax advisory services, due diligence work, collection and compiling of documentation for tax audits / tax queries resolutions, filing, processing and obtaining of Tax Clearance Certificate for clients, and calculation of monthly PAYE taxes, remitting taxes to appropriate state tax liaison offices, following up with annual company filing of returns and processing of corporate and individual tax clearance certificates among others. Selected Outsourced Assignments while with Ernst & Young: Shell Petroleum Development Corporation (SPDC), Warri and Port - Harcourt SAP Facilitator (October 2005 – June 2006) General Electric, Lagos (Formerly GENP Nig. Ltd) Tax Supervisor (January 2007 – September 2007) Mobil Oil Nigeria Plc, Lagos Tax Manager (August 2008 – February 2009) Saipem Contracting Nigeria Ltd, Port Harcourt Group Tax Manager (March 2009- October 31, 2009) Show less

Education

  • Lagos Business School, Pan-Atlantic University
    2019 - 2019
  • Strathmore Business School (SBS)
    2019 - 2019
  • Obafemi Awolowo University
    MBA, Finance, General
    2010 - 2012
  • Ambrose Alli University
    Bsc, Economics
    2002 - 2004
  • The Polytechnic, Ibadan
    HND, Business Administration
    1997 - 1999
  • Federal Polytechnic, Ede
    OND, Business Administration
    1994 - 1996

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