Godswill Onakughotor (B.sc, ACA.)
Finance Manager at VINES REALTY LTD- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
-
English -
Topline Score
Bio
Experience
-
VINES REALTY LTD
-
Nigeria
-
Real Estate
-
1 - 100 Employee
-
Finance Manager
-
Apr 2022 - Present
Prepare monthly, quarterly and annual financial reports. Established and maintained appropriate internal control procedures and policies. Responsible for driving short and long-term departmental goals. Dealings and relationship management with the company’s bankers. Direct oversight of bank/cash reconciliations. Managing working capital and cash flow reporting, including identifying excess funds and determining the best placement options with the banks. Forecasting and investment profitability report. Oversight and management of the company’s payables and receivables. Coordinate the preparation of the company’s annual budgets Anchors the quarterly and annual budget and budgetary control processes and procedures for the company Responsible for all tax matters in conjunction with the company’s tax consultant Assist in the external audit process to ensure strict compliance with Nigerian laws and regulations. Show less
-
-
-
Trans-Nationwide Express Plc (TRANEX)
-
Lagos, Nigeria
-
Accountant/Finance Manager(Ag)
-
Sep 2021 - Apr 2022
Maintained accurate accounting records for future references Classified and recorded transactions in line with standard accounting procedure and company's policies Performed month end closing activities such as account reconciliation, revenue accounting and expense accounting Prepared month-end and year-end management reports Supported preparation of annual budget forecast and projections Verified documentation, requests expenditures, and prepared disbursements Ensures client confidentiality by keeping financial information secure Manage account payables. Supervised and led a finance team Owned multiple accounting projects, delivering results ahead of agreed deadlines. Tracked company expenditures against budget allocations and reported on status. Supported maintenance of general ledger using Sage 200 accounting system. Recommended improvements to internal accounting controls by strengthening policies and procedures. Prepared for financial audits, internal reviews and tax returns. Managed schedules for accruals, asset depreciation and prepaid expenses. Monitored ongoing expense tracking tables for unexpected transactions to support rapid responses to fraud or error. Implemented and maintained internal financial controls to reduce risk. Show less
-
-
-
Amayi Foods Limited
-
Lagos, Nigeria
-
Finance Manager
-
May 2019 - Sep 2021
Job responsibilities; • Set up, document and implement a robust and appropriate accounting and financial processes and procedures to ensure both accurate and timely recording of all transactions and effective controls • Create and maintain a comprehensive general ledger ensuring the timely postings of transactions • Prepare and report on management accounts in accordance with IFRS and within agreed upon deadlines including P&L, Balance Sheet, Sales, Costs, and other metrics as agreed with senior management • Prepare comprehensive monthly, quarterly and annual budgets and financial forecasts working with management and other team members, ongoing monitoring of actual performance against budget and variance analysis • Oversee the preparation and submission of Year-End Statutory Reporting liaising with accountants, auditors, tax authorities and other relevant authorities. • Ensure that sufficient funds are available to meet ongoing operational expenses and capital investment requirements by ensuring timely issuance of customer statements, follow up on customer payments, negotiating credit terms with suppliers, and identifying and implementing effective cost control and cash management initiatives. • Manage and control of petty cash budget and disbursements • Establish and manage banking relationships and relationships with other third parties including but not limited to insurance companies, auditors, suppliers, state and local authorities. • Work with senior management & team members establish a calendar of deadlines for regulatory submissions and other actions to ensure compliance with relevant authorities and ensure that these deadlines are met. • Oversee the Payroll functions including the relevant PAYE, National Insurance and pension deductions and employee files. • Proactively monitor the company’s working capital situation including receivables, payables and stock levels. • Perform bank reconciliations and ensure prompt resolution of any issues Show less
-
-
-
Arowolo Group Of Companies Limited
-
Lekki, Lagos State, Nigera
-
Group Financial Accountant/ Internal Control Manager
-
Dec 2014 - May 2019
Ensured financial records were maintained in compliance with acceptable policies and procedures.• Compiled and analyzed financial information to prepare financial statements including monthly and annual accounts.• Prepared timely periodic financial management reports, comprising income statement, Statement of financial position, cash flow statement, statement of changes in equity and appropriate notes. Handled Fixed asset transactions - additions, disposal, transfer, write-off etc.• Prepared capital expenditure reports to highlight actuals vs budget. Processed and managed all fund disbursements, ensuring proper documentation to facilitate release of funds• Evaluated and advised on business operations including investment appraisal, revenue and expenditure trends, financial commitments and future revenues. Embarked on continuous management and support of budget and forecast activities• Monitored and supported taxation requirements• Formulated policies and procedures to improve internal controls, compliance and efficiency• Led the process for internal controls reviews across the group• Delivered adequate and timely action plans and monitored progress to address and resolve control deficiencies• Carried out periodic spot audit on all fuel stations and hotel. Liaised with banks, tax authorities, and other regulatory agencies on behalf of the company. Identified, analyzed, prevented and mitigated business risk. Monitored operations to ensure all loopholes for revenue loss, cost manipulation, theft and fraud were plugged. Field Consulting Officer, Otoboleo Global Consult Limited, Jun 2013 ‐ Dec 2014, Ikeja, Lagos Nigeria Installed and implemented various accounting software. Trained client Staff on the use of various accounting Software. Implemented client's accounting processes and internal controls over the client's system. Built chart of accounts for client Show less
-
-
-
OTOBOLEO GLOBAL CONSULT
-
Ikeja, Lagos State
-
Field Consultant
-
Jun 2013 - Dec 2014
Job responsibilities • Install & Implement Pastel Evolution Accounting Software. • Install & Implement Sage Accounting Software. • Train Client Staff on the use of the Software. • Putting in place internal controls over the client’s system. • Implementation of client’s accounting processes. • Build-up of client’s Chart of account. Job responsibilities • Install & Implement Pastel Evolution Accounting Software. • Install & Implement Sage Accounting Software. • Train Client Staff on the use of the Software. • Putting in place internal controls over the client’s system. • Implementation of client’s accounting processes. • Build-up of client’s Chart of account.
-
-
-
Intercontinental Bank PLC
-
Nigeria
-
Banking
-
700 & Above Employee
-
Bulk Teller/ Front Teller
-
Jan 2008 - Mar 2009
Job responsibilities • Receives checks, cash, bankcards or other negotiable instruments in payment of fees or charges • Verifies amounts and endorsements • Accepts cheque for cashing • Enter transaction data on accounting system terminal • Consult database to check status financial accounts Job responsibilities • Receives checks, cash, bankcards or other negotiable instruments in payment of fees or charges • Verifies amounts and endorsements • Accepts cheque for cashing • Enter transaction data on accounting system terminal • Consult database to check status financial accounts
-
-
Education
-
University of Benin
Bachelor of Science, Economics And Statistics -
Institute Of Chartered Accountants Of Nigeria
ACA, Accounting -
Auchi polytechnic, Auchi
National Diploma, ACCOUNTANCY