Olugbemiga Kasomo FCA, MBA

GROUP HEAD FINANCE at A.G. LEVENTIS (NIGERIA) PLC
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Contact Information
us****@****om
(386) 825-5501
Location
NG
Languages
  • English -

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Experience

    • Nigeria
    • Transportation, Logistics, Supply Chain and Storage
    • 100 - 200 Employee
    • GROUP HEAD FINANCE
      • Aug 2016 - Present

      Principal Activities:The Group's principal activities are as follows: Sales and Servicing of :Commercial Vehicles, Agricultural, mining and construction equipment Real Estate: Property development and management Production and distribution of food items Hotel Services Manufacture and trade in inks and paints Supply and installation of pumps, valves and pipesJOB DESCRIPTION• Assist the Chief Finance Officer in overall control of the company’s accounting function by developing and implementing a robust and reliable financial accounting and reporting system in compliance with statutory requirements• Take active part in financial planning and related ongoing advice for the Executive Vice Chairman and Senior Management Team• Play active role in formulating financial targets and budgets in accordance with the strategy determined by the board• Lead other professional accountants in the control of all financial transactions and accounting matters, including year-end audit • Assist in managing company policies regarding capital requirements, debt, taxation, equity and acquisitions, as appropriate• Play major role in the preparation of Annual Financial Statements • Monitoring and ensuring that the regulatory requirements of all statutory bodies are met regarding all the company’s financial affairs• Act on behalf of Chief Finance Officer when he is on vacation or outside Nigeria Show less

    • General Manager
      • Mar 2011 - Jul 2016

      • Daily Management of the Hotel and accept full responsibility for all activities • Monitor the performance of the hotel through verification & feedback from customers • Accountable for Daily Financial Performance • Manage the various Departmental Heads• Motivate, train and develop employees• Ensure Customer Satisfaction• Ensure good safety practices of employees and guests and maintained high level of Hygiene & Safeguard the assets of the Company• Ensure compliance with Standard Operating Procedures & Policies• Attend to external related matters Show less

    • Nigeria
    • Transportation, Logistics, Supply Chain and Storage
    • 100 - 200 Employee
    • Financial Controller
      • 2002 - 2011

      • Developed and maintained timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles. • Production of Monthly Management Accounts Package including Variance Analysis • Review monthly results and implement monthly variance reporting as compared to budget. • Daily monitoring of Cash Flow and Banking operations • Efficient Credit Control mechanism put in place thereby ensuring prompt collection of receivables • Embraced Cost Control measures and give suggestions on action plan to reduce cost • Supervised Import Clearing and Management Information System (MIS) Section • Managed the process of importation of Vehicles, Construction Equipment and Spare parts • Liaising with Banks, Tax Authorities, External Auditors • Coordinated all routine operational matters of the Division when the General Manager is on leave Show less

    • Executive Director – FINANCE & ACCOUNTS
      • 1992 - 2001

      • Overall control of the Company’s accounting function • Developed and implemented policies and procedures as required to ensure that personnel and financial information is secure • Financial planning and related ongoing advice for the Management Team • Formulated Financial targets and budgets in accordance with the strategy determined by the board • Overall control of all financial transactions and accountancy matters, including audit systems • Corporate finance: managing company policies regarding capital requirements, debt, taxation, equity and acquisitions, as appropriate • Preparation of Annual Accounts • Ensured that the regulatory requirements of all statutory bodies are met Show less

    • Head of Finance
      • 1997 - 1999

      • Supported Finance Director in managing accounts department and maintaining sound Internal Control • Yearly preparation of the Company’s Operating and Capital Budget• Monthly analysis of Company’s expenses and comparison with plan• Product costing and product margins, sales analysis and preparation of monthly Income Statements for External Auditing• Monitored Accounts Receivable • Prepared Company Taxation and secured Foreign Exchange from banks for importing activities

    • Treasury Manager
      • 1992 - 1997

      • Reconcile bank and investment accounts; and manage cash flow and prepare cash flow forecasts in accordance with policy• Setting guidelines for prompt and efficient use of foreign exchange resources available to the company and minimize interest and other charges• Maintained Bank Accounts in proper manner and conducted review of Foreign Exchange requirements• Review and renewal of facilities with banks• Planned and monitored commitments to all banks

    • Company Internal Auditor
      • 1990 - 1992

      • Audited a variety of internal activities and procedures for the purpose of ensuring compliance with prescribed auditing standards, detecting issues occurring and proffer resolution.• Collaborated with other staff members, independent audit staff, state agencies, etc. for the purpose of responding to questions with fund audits.• Coordinated the data processing system with financial data for the purpose of ensuring system is operating efficiently, effectively and accurately• Prepared all supporting information for the annual audit with the approved external auditor. Show less

    • Management Accountant
      • 1987 - 1990

      • Prepared reports, budget, commentaries and financial statement to make business decisions• Formulated business strategy to create wealth and shareholder value• Developed and managed financial systems/ polices• Monitored spending and financial control• Identified and managed financial risk

    • Audit Supervisor
      • 1983 - 1987

      • Researched, prepared, analysed, and compiled financial data for various clients. • Obtained an understanding of the company's internal controls and applied auditing procedures such as inspecting the company's books and records, observation, inquiries, and confirmations. • Interacted with different people at all levels in order to fully understand the client’s business. • Researched, prepared, analysed, and compiled financial data for various clients. • Obtained an understanding of the company's internal controls and applied auditing procedures such as inspecting the company's books and records, observation, inquiries, and confirmations. • Interacted with different people at all levels in order to fully understand the client’s business.

Education

  • Lagos Business School
    Advanced Management Programme, Management
  • Chartered Institute of Taxation of Nigeria
    Associate Member
  • Lagos State University
    Master of Business Administration (MBA), Business Administration and Management, General
  • The institute of Chartered Accountants of Nigeria
    Fellow Chartered Accountant
  • The institute of Chartered Accountants of Nigeria
    Associate Chartered Accountant
  • Ogun State Polytechnic
    DIPLOMA IN ACCOUNTANCY

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