Mary Balogun

Manager, Finance & Accounts at Blue Phoenix Marine (UK) Ltd
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Contact Information
us****@****om
(386) 825-5501
Location
UK

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Credentials

  • General Accountant
    ACCA
    Jan, 2021
    - Oct, 2024
  • APM Student
    Association for Project Management
    Jan, 2021
    - Oct, 2024
  • Associate of Chartered Institute of Taxation of Nigeria
    Chartered Institute of Taxation of Nigeria
    Sep, 1987
    - Oct, 2024
  • Associate of Institute of Chartered Accountants of Nigeria
    The Institute of Chartered Accountants of Nigeria
    Apr, 1986
    - Oct, 2024

Experience

  • Blue Phoenix Marine (UK) Ltd
    • United Kingdom
    • Oil and Gas
    • 1 - 100 Employee
    • Manager, Finance & Accounts
      • Sep 2017 - Present

      • Set up accounting systems of the organisation which saved set-up fees of £3,000. • Establish and monitor compliance with best business practices through the development of administrative and HR as well as accounting and financial policies which made the company to be compliant with UK Corporate Governance code. • Slashed administrative costs by 10% through the development and implementation of cost control processes over a period of 9 months in 2018. • Improved management decision making by providing quarterly financial statements. Avoided HMRC’s penalties through prompt preparation of documentation for quarterly filing. • Manage and monitor customers’ ledgers and cash collections which reduced outstanding debtors’ balance by 11% over a period of 10 months in 2021. • Communicate effectively with other areas of business to ensure timely receipt and dissemination of information. Displayed resilience, building strong connections and relationships with other employees. • Prepare rolling budgets, quarterly cash flow analysis, revenue forecasts and monthly bank reconciliation statements to aid cash and creditor’s management and reduce cash crunch situations.

  • NNPC Pensions Department
    • Manager, Finance and Accounts
      • Oct 2016 - Aug 2017

      ● Led eight-member team to perform intercompany reconciliations of NNPC and subsidiaries’ transactions which reduced disputed intercompany balances and resulted in account settlement by 8% ● Successfully led same team of eight to correct improper debit balances totalling N36Billion (£7.73Million) in 15,000 Creditors ledgers that resolved an External auditors' management letter point, reduced auditing time by 50%, and avoided potential qualified Auditor's Report. ● Prepared and interpreted financial information to managerial staff while recommending further courses of action which improved well-informed decision making. ● Reduced risk of errors by 25% by establishing internal checks, segregation of duties and controls. Ensured that all financial transactions were processed accurately and promptly, ● Exhibited good negotiating skills with internal and external clients which removed ambiguities in transactions and saved costs. ● Determination and commitment to continual professional self-development and process improvements increased personal performance and competence on the job.

  • NIDAS SHIPPING SERVICE AGENCY (UK) LIMITED
    • United Kingdom
    • Maritime
    • 1 - 100 Employee
    • Manager, Finance and Accounts
      • Jan 2012 - Sep 2016

      ● Successfully worked with external software company to deploy ShipNet software (maritime solutions) ● Negotiated a reduction in audit fees by 20% through the set-up of ShipNet maritime software which reduced audit time by 30%. ● Collaborated with external auditors to audit the financial statements which reduced audit time by 30%. ● Negotiated budgets and business plans; presented board papers and cashflow statements which improved management control and decision making. ● Successfully worked with external software company to deploy ShipNet software (maritime solutions) ● Negotiated a reduction in audit fees by 20% through the set-up of ShipNet maritime software which reduced audit time by 30%. ● Collaborated with external auditors to audit the financial statements which reduced audit time by 30%. ● Negotiated budgets and business plans; presented board papers and cashflow statements which improved management control and decision making.

Education

  • BPP University
    Msc Management with Project Management (Practical Development Planning), Business Administration, Management and Operations
    2022 - 2022
  • BPP University
    MSc Management with Project management, Project Management
    2021 - 2022
  • BPP University
    ACCA Affliate,MSc Accounting and Finance; MSc Management with Project management, Accounting and Finance, Project Management
    2017 - 2022
  • BPP University
    Master's degree, Accounting and Finance (Advanced Diploma)
    2017 - 2021
  • McArthur Morgan Education Tutors
    AAT Level 4, Financial Accounting, Management Accounting, Personal Income Tax, Internal Control, Research project
    2014 - 2017
  • Lagos State Polytechnic, Isolo, Lagos,Nigeria
    Higher National Diploma in Accountancy, Company Law, Statistics, Advanced Mathematics, Auditing, Business Management, Cost Accounting,
    1985 - 1988
  • Lagos State Polytechnic, Isolo, Lagos, Nigeria
    Ordinary National Diploma in Accountancy, Basic Financial Accounting, Mathematic, Statistics, Auditing, Business Law, Psychology
    1981 - 1983

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