Felix Babatunde SOFOLAHAN (FCA,CISA,ACTI,MBA)

Chief Financial Officer at Concrete Logistics Limited (CLL)
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Contact Information
us****@****om
(386) 825-5501
Location
Lagos State, Nigeria, NG
Languages
  • English Full professional proficiency
  • Yoruba Full professional proficiency

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5.0

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Olusegun Ogunjinmi

He is very dedicated and passionate about his job, a good team member and a leader that nutures team members to get the best out of them. He is always studying to be up to date in his profession. Having work directly with him, i have no doubt in his competencies and recommending for any senior finance role

bob ukpabi

Felix Babatunde is a diligent accountant having interacted with him in first bank during his days with St Paul's Breadfruit.

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Credentials

  • Fellow Chartered Accountant
    The Institute of Chartered Accountants of Nigeria
    Apr, 2019
    - Nov, 2024
  • Associate Chartered Institute of Taxation (ACIT)
    The Chartered Institute of Taxation of Nigeria
    Nov, 2018
    - Nov, 2024
  • Certified Information Systems Auditor(CISA)
    ISACA
    Mar, 2014
    - Nov, 2024
  • Member,Information Security Audit and Control Association
    ISACA
    Aug, 2008
    - Nov, 2024
  • Associate Chartered Accountant(ACA)
    The Institute of Chartered Accountants of Nigeria
    Mar, 2006
    - Nov, 2024

Experience

    • Nigeria
    • Construction
    • 1 - 100 Employee
    • Chief Financial Officer
      • Jan 2021 - Present

    • Nigeria
    • Advertising Services
    • 1 - 100 Employee
    • Group Head (Finance & Accounts)
      • Jul 2014 - Dec 2020

      +Managed the financial operations of the companies within the group. We were able to establish a radio station ,32fm Ibadan, a sister company, leveraging on our sound financial management without borrowing to finance the project. +Responsible for financial control, strategic planning, budgeting tax, treasury, risk management, financial planning & analysis and financial reporting. +CREDIT CONTROL: Chased payments and resolved queries from customers. Checked invoicing. Posted cashbook receipts and payments. Provided financial advice and information. Controlled cheque payments and balancing petty cash on a daily basis. Suspense Accounts – reconciliations on a timely basis. +Communicated with Inland Revenue, banks and external auditors. +Carried out value for money exercises and reduced cost by at least 15%. +Preparation of monthly,quarterly and annual management reports. +Preparation of timely statutory returns and financials for filing with FIRS, FRC, e.t.c.

    • Nigeria
    • Transportation, Logistics, Supply Chain and Storage
    • 100 - 200 Employee
    • Financial Reporting Accountant
      • May 2012 - Aug 2014

      +Prepared Group and Subsidiaries Statutory Accounts,Statement of Cashflow,Statement of Profit and Loss,Statement of Financial Position in compliance with both local and International Financial Reporting Standards(IFRS)+Reviewed and analyzed Subsidiary Companies and Divisions Monthly Management Accounts for Consolidation.+Prepared Subsidiaries statutory accounts and monitored accounting reporting development for IFRS+Produced the Profit Forecast,Budget for Finance Director and Board approval.+Assisted with the Statutory audit preparations to allow for timely completion of the the Annual Financial Statement and Tax Returns.+Provided Variance Analysis from Budget.+Identified added-value reporting opportunities for trend analysis and commentary to assist forecasting and budgeting requirements.+Prepared harmonized Chart of Accounts for Subsidiaries and Division within A.G.Leventis Group.+Worked extensively with the IFRS Consultants in converting the Group results from Nigeria Generally Accepted Accounting Principles (NGAAPs) to International Financial Reporting Standards(IFRSs) for year 2011 Group Consolidated Financial Statements and Accounts.+Independently converted the Subsidiaries Financial Statements and Accounts Reports from NGAAP to IFRS for year 2012

    • Management Accountant
      • Jul 2011 - Apr 2012

      +Prepared monthly,quarterly and annual Financial Reports and Accounts.Statement of financial position,statement of profit or loss,statement of cash flows in compliance with the International Financial Reporting Standards (IFRSs) +Supervision of the Accounts Department with responsibility for Payroll, Accounts Payable and Receivable and Inventories. +Ensured that the branch stock takings were carried out on monthly basis in compliance with Standard Operating Procedures.+Cash flow forecasting and budgeting.+Converted NGAAP Accounts to IFRS Financials for year 2013

    • Audit Senior
      • Feb 2010 - Jun 2011

      +Audited Clients Books and Records+Prepared Financial Statements for Clients+Setting up Computerized Accounting Systems for Clients+Prepared Tax Computation for Clients.+Supervised and Trained Audit Clerks. +Audited Clients Books and Records+Prepared Financial Statements for Clients+Setting up Computerized Accounting Systems for Clients+Prepared Tax Computation for Clients.+Supervised and Trained Audit Clerks.

    • Real Estate
    • 1 - 100 Employee
    • Senior Accountant
      • Feb 2008 - Sep 2009

      Responsible for the daily accounts posting,month and year-end financial statement,computing and filling tax returns(CIT,WHT,EDT,VAT,etc.).Implemented cost control measures for CAPEX and OPEXBudget preparation and monitoring,revised as necessary during the year. +Preparation of monthly management account for Amalgamated Estates Limited.+Preparation of monthly management account for Alma Beach Estates Limited.+Handled inter-company reconciliation of Resort international and the subsidiaries+Project Accountant for Bi-Courtney Highway Services Limited

    • Nigeria
    • Transportation, Logistics, Supply Chain and Storage
    • 100 - 200 Employee
    • Assistant Group Accountant
      • Aug 2006 - Jan 2008

      +Analyzed and reviewed all Subsidiaries and Divisions monthly management accounts for group consolidation.+Prepared Consolidated Financial Statement for A.G.Leventis Group on monthly,quarterly and annual basis.+Identified and investigated major variances of the Subsidiaries and/or Divisions, and report same to the Group Managing Director.+Overall co-ordination of Accountants' duties within the group.+External liaison with Auditors,Tax Consultants and Federal Ministry of Industries for capital allowance claims.+Saddled with preparation of Group Financial Reports and Budgets

    • Accounts and Aministrative Manager
      • Mar 2003 - Jul 2006

      +Performed overall Administrative functions of the Church+Managed Men and Resources of the Church+Prepared Financial Reports and Accounts of the Church on monthly,quarterly and annually.+Maintained Assets Registers and inventories of the Church.+Monitored Church Investments in both capital and money markets for higher returns.+Maintained Personnel Records and Welfare +Performed overall Administrative functions of the Church+Managed Men and Resources of the Church+Prepared Financial Reports and Accounts of the Church on monthly,quarterly and annually.+Maintained Assets Registers and inventories of the Church.+Monitored Church Investments in both capital and money markets for higher returns.+Maintained Personnel Records and Welfare

    • Accountant
      • Jul 2001 - Feb 2003

      +Prepared Financial Statement for the Bank on monthly,quarterly and annual basis.+Prepared and rendered timely statutory returns to CBN, e.t.c.+Prepared Cash and Bank Vouchers for payment.+Posting of Ledger and Journals. +Prepared Financial Statement for the Bank on monthly,quarterly and annual basis.+Prepared and rendered timely statutory returns to CBN, e.t.c.+Prepared Cash and Bank Vouchers for payment.+Posting of Ledger and Journals.

Education

  • University of Lagos
    Master of Business Administration (M.B.A.), Faculty of Business Administration
    2013 - 2015
  • Day Star Leadership Academy
    Basic Certificate, Leadership
    2007 - 2007
  • Moshood Abiola Polytechnic,Ojere,Abeokuta,Ogun State.
    Higher National Diploma (HND), Accounting
    1998 - 2000
  • Oluyole Estate Grammar School,Ring Road,Ibadan,Oyo State
    High School, Art/Art Studies, General
    1987 - 1993

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