Experience

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  PAL Pensions

  • Nigeria
  • Financial Services
  • 200 - 300 Employee

  • Executive Director, Finance & Operations

    • Apr 2020 - Feb 2021

    Coordinated company accounts management, fund accounts, and accounts for for all remittances and supervision of the ICT department.Positively impacted revenue generation through budget control, and intra-departmental financial performance management and internal audit as well as the development of dynamic financial recording procedures. Coordinated all IT-related deliverables bordering on risk management and mitigation and financial product development and deployment, to mitigate legal and financial risk.With the Managing Director, maintained a concurrent assessment of department-domiciled resources to with operational/financial control instruments, reporting channels, structures and governance policies to expedite optimum business performance. Coordinated Heads of Departments and processes including succession planning, stakeholder engagement, contribution processing, ICT, finances, PENCOM request and pension remittance processing, and business development support to ensure achievement of the company’s objectives, Fostered strong relationships with key external stakeholders and regulators, PENCOM, commercial banks, subscribing corporates and ancillary partners to reinforce the company vision and business needs, and their impact on all internal and external performance indicators.Established in-house accounting and finance policies in line with external regulatory guidelines and ensure compliance to forestall sanctions.Managed the company’s Business Continuity Plan with support from HODs to ensure readiness for BCP testing (in the event of a disaster) at all times. Advanced the company’s cost-saving, internal control and fraud mitigation objectives as an objective one-stop gatekeeper for two active and cost-intensive departments.Led and mentored a high-performing team of 6senior managers, identifying their improvement needs and developing the most effective capacity-building strategies to meet them.

  • Acting Managing Director

    • Oct 2019 - Mar 2020

    Successfully audited PAT N905 Million for interim 9 months, and PAT N1.341 Billion by year-end (2019).Exceeded projected PBT and PAT by 11.5% (N52 million increase) and 9.5% (N29 million increase) respectively as at handover date.Achieved [number]% increase in the company’s efficiency ratio by streamlining processes, merging departments, and reviewing remuneration models. Restructured the Business Development department across human resource management and operations parameters for heightened efficiency.Provided concurrent management and close coordination for all departments, aligning objectives with company strategy for optimum results.Updated employees on the company’s 5-year strategy and implementation plans developed in collaboration with board members.Ideated and asserted a cohesive operations framework as well as an overarching performance management directive given revenue and employee welfare objectives. Created a crisis-effective contingency plan for optimum staff engagement and productivity, leading to sustainable margins despite the COVID-19 pandemic. Influenced the uptake of effective cross-team collaboration and reporting to strengthen team performance along lattice and hierarchical structures.

  • Executive Director, Finance & Operations

    • Dec 2013 - Oct 2019

  • Head, Pension Administration and Operations ( AVP 1)

    • Aug 2007 - Nov 2013

    Supervised the integration of acquired Asset Under Management of another pension fund administrator with PAL (Standard Alliance Pension Managers)Set up the Benefit Payment department and equipped it for efficient functioning with templates for retirees’ payment and a comprehensive standard operating procedure.Trained PAL employees on the payment processes and developed their training materials.Launched and implemented the company’s Business Continuity Plan.Maintained a technologically progressive company by ensuring availability, testing, and proper backup of ICT systems, and by facilitating migration from Empower to Sybase software.Managed relationships with PENCOM, custodians, lawyers, and other in-house stakeholders such as departmental heads, regional managers, and divisional managers.Kept abreast of industry changes and aligned PAL operations accordingly to forestall regulatory risks.

  • Head, Audit & Risk Management (Senior Associate)

    • Nov 2005 - Aug 2007

    Established the Audit and Risk department, developed its manual, and set risk acceptance criteria for each investment class.Worked with departmental heads to develop departmental processes, procedures, and KPIs.Articulated departmental risks and mitigation plan for the Board Risk Management Committee every quarter.Supervised team members on audit assignments and verified compliance with quality control standards and budget parameters.Conducted functional risk assessment to ascertain risks inherent in departmental operations and developed mitigation plans.Prepared audit work plans and implemented the same.

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  Vee Networks (Now, Airtel)

  • Senior Auditor

    • Nov 2003 - Oct 2005

    Auditing | Team leadership

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  Guinness Nigeria

  • Ikeja, Lagos, Nigeria

  • Audit Team Manager/ Brewery Accountant

    • Jul 1996 - Nov 2003
    • Ikeja, Lagos, Nigeria

    Accounting | Auditing | Line management

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  Crystal Bank of Africa

  • Lagos, Nigeria

  • Credit Administrator / Resident Inspector

    • Aug 1994 - Jun 1996
    • Lagos, Nigeria

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  Nestlé

  • Lagos, Nigeria

  • Assistant Internal Auditor/ Project Accountant

    • Nov 1991 - Aug 1994
    • Lagos, Nigeria

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  Eyewumi Rone & Company

  • Lagos, Nigeria

  • Audit Trainee

    • Sep 1989 - Oct 1991
    • Lagos, Nigeria