Oluwafemi Tifase M.Sc. IIA.
Financial Control Manager at mPharma- Claim this Profile
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Bio
Mayowa Michael John, ACA
Relationship of more than 2 years has been awesome. A great pleasure to recommend Femi Tifase. FM- a career driven and resourceful fellow, excellent communication skills, positive outlook and pleasing personality enhance natural leadership qualities and a focus colleague. With high esteem, I recommend Femi
Ajayi, James Abiodun
It's a pleasure to recommend Oluwafemi Tifase, Femi and I attended Babcock University, and as a matter of fact we took same classes together all through our undergraduate program. Femi has many great qualities. His chief qualities are that he's industrious, reliable, thoughtful, intelligent, hard-working, trustworthy,..... the list is endless. As a student and as a friend Femi is very thoughtful, he anticipates others needs well and genuinely desire to help when necessary. Femi worked hard to get things (school works, assignments) done and he does it with enthusiasm, energy, and attention to details. I have a firsthand knowledge of his deep commitment to his education and his desire to do a good job, with these tremendous attributes, Femi has proven to me that he has what it takes to be successful in whatever he applies himself to. I know any institution or organization would be blessed to have him. Biodun Ajayi
Mayowa Michael John, ACA
Relationship of more than 2 years has been awesome. A great pleasure to recommend Femi Tifase. FM- a career driven and resourceful fellow, excellent communication skills, positive outlook and pleasing personality enhance natural leadership qualities and a focus colleague. With high esteem, I recommend Femi
Ajayi, James Abiodun
It's a pleasure to recommend Oluwafemi Tifase, Femi and I attended Babcock University, and as a matter of fact we took same classes together all through our undergraduate program. Femi has many great qualities. His chief qualities are that he's industrious, reliable, thoughtful, intelligent, hard-working, trustworthy,..... the list is endless. As a student and as a friend Femi is very thoughtful, he anticipates others needs well and genuinely desire to help when necessary. Femi worked hard to get things (school works, assignments) done and he does it with enthusiasm, energy, and attention to details. I have a firsthand knowledge of his deep commitment to his education and his desire to do a good job, with these tremendous attributes, Femi has proven to me that he has what it takes to be successful in whatever he applies himself to. I know any institution or organization would be blessed to have him. Biodun Ajayi
Mayowa Michael John, ACA
Relationship of more than 2 years has been awesome. A great pleasure to recommend Femi Tifase. FM- a career driven and resourceful fellow, excellent communication skills, positive outlook and pleasing personality enhance natural leadership qualities and a focus colleague. With high esteem, I recommend Femi
Ajayi, James Abiodun
It's a pleasure to recommend Oluwafemi Tifase, Femi and I attended Babcock University, and as a matter of fact we took same classes together all through our undergraduate program. Femi has many great qualities. His chief qualities are that he's industrious, reliable, thoughtful, intelligent, hard-working, trustworthy,..... the list is endless. As a student and as a friend Femi is very thoughtful, he anticipates others needs well and genuinely desire to help when necessary. Femi worked hard to get things (school works, assignments) done and he does it with enthusiasm, energy, and attention to details. I have a firsthand knowledge of his deep commitment to his education and his desire to do a good job, with these tremendous attributes, Femi has proven to me that he has what it takes to be successful in whatever he applies himself to. I know any institution or organization would be blessed to have him. Biodun Ajayi
Mayowa Michael John, ACA
Relationship of more than 2 years has been awesome. A great pleasure to recommend Femi Tifase. FM- a career driven and resourceful fellow, excellent communication skills, positive outlook and pleasing personality enhance natural leadership qualities and a focus colleague. With high esteem, I recommend Femi
Ajayi, James Abiodun
It's a pleasure to recommend Oluwafemi Tifase, Femi and I attended Babcock University, and as a matter of fact we took same classes together all through our undergraduate program. Femi has many great qualities. His chief qualities are that he's industrious, reliable, thoughtful, intelligent, hard-working, trustworthy,..... the list is endless. As a student and as a friend Femi is very thoughtful, he anticipates others needs well and genuinely desire to help when necessary. Femi worked hard to get things (school works, assignments) done and he does it with enthusiasm, energy, and attention to details. I have a firsthand knowledge of his deep commitment to his education and his desire to do a good job, with these tremendous attributes, Femi has proven to me that he has what it takes to be successful in whatever he applies himself to. I know any institution or organization would be blessed to have him. Biodun Ajayi
Credentials
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Internal Auditor
IIA-The Institute of Internal AuditorsMar, 2022- Nov, 2024 -
Learning Data Analytics
LinkedInAug, 2020- Nov, 2024
Experience
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mPharma
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Hospitals and Health Care
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400 - 500 Employee
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Financial Control Manager
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Jan 2022 - Present
● Ensure management change in control between mPharma and its client is fully implemented.● Ensure that accurate and timely financial and management reports of interest are brought to the attention of relevant bodies i.e. BU Leads, etc.● Set the budget exchange rate toward reducing the negative impact of the exchange rate fluctuation.● Participate in international meetings/workshops or network with regard to finance both within and outside mPharma● Prepare and submit monthly, quarterly and annual reports in line with guidelines and deadlines set by Global finance.● Provide technical support to all Finance & non-finance staff in mPharma and oversee capacity development for partner organizations.● Prepare and submit financial reports in line with statutory requirements.● Provide guidelines on the financial planning process to related staff
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Internal Control Manager
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Jan 2022 - Present
● Performs initial internal control assessments from time to time to identify areas of weaknesses and make appropriate recommendations.● Performs review and documentation of Standard Operating Procedure and Policy Manuals for Operational control, Credit control and Transactions reconciliation from time to time with a view to ensure they are all aligned with the changing business needs and models.● Conducts an initial and subsequent risk assessment of all departments and Business Units and prepare a risk matrix while developing procedures to address identify, prevent /detect) these risks.● Reports risk management issues and internal controls deficiencies identified directly to the management and provide recommendations for improving the mPharma’s operations.● Evaluates compliance with existing mPharma policies and procedures, identifying and proposing modifications as needed.● Performs monthly reconciliation of all intercompany balances.● Ensures credit management processes comply with approved credit policies in order to ensure zero delinquent credits.● Provides functional guidance and direction to the IC associates.
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Internal Control Associate
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Jan 2021 - Dec 2021
Performs initial internal control assessments from time to time to identify areas of weaknesses and make appropriate recommendations.● Performs review and documentation of Standard Operating Procedure and Policy Manuals for Operational control, Credit control and Transactions reconciliation from time to time with a view to ensure they are all aligned with the changing business needs and models.● Conducts an initial and subsequent risk assessment of all departments and Business Units and prepare a risk matrix while developing procedures to address identify, prevent /detect) these risks.● Reports risk management issues and internal controls deficiencies identified directly to the management and provide recommendations for improving the mPharma’s operations.● Evaluates compliance with existing mPharma policies and procedures, identifying and proposing modifications as needed.● Performs monthly reconciliation of all intercompany balances.● Ensures credit management processes comply with approved credit policies in order to ensure zero delinquent credits.
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Data Analyst - Finance (Billing)
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Nov 2019 - Dec 2020
● Reconcile and interpret data, analyze results using statistical techniques and provide ongoing billing reports to stakeholders. ● Develop and implement databases, data collection systems, data analytics and other strategies that optimize data efficiency and quality. ● Identify, analyze, and interpret trends or patterns in data sets. ● Filter and “clean” data by reviewing reports, printouts, and performance indicators to locate and correct underlying problems ● Locate and define new process improvement opportunities ● Performs billing activities for various facilities. ● Creates custom reports, maintains financial filing systems, and uploads invoices to a shared storage location for mPharma records. ● Ensures all bills are current and invoicing documents conform to required contract standards, mPharma guidelines, and are aligned with regulations as required. ● Reconciles project costs to billed costs and maintains a complete and systematic set of billing records. ● Produces a monthly reconciliation consisting of an analysis of project costs compared to billing costs with an explanation of any variances.
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Internal Audit & Controls Analyst
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May 2017 - Nov 2019
AUDIT- Plan, participate and monitor Units and Internal Assessment- Supports and coordinates audit preparation/execution- Facilitate status reviews with functional management- Coordinate & schedule Internal Audit, follow up on status of annual program.- Collect & analyze data (financial & organizational) for development and implementation of audit programs.- Report writing.CONTROLS- Developed, review and update internal control policies, procedures and manuals.- Assess compliance with laws, regulations and code of business practices.- Coordinates monthly cross-functional oil loss review meetings.- Conducts training sessions on control & guidelines policies.- Prepare and steward controls calendar.- Records Management & Healthy Lifestyle- Vendors & Customer Creation on SAP.
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Treasury Analyst
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Nov 2016 - Apr 2017
CASH MANAGEMENT- Prepare daily cash summary.- Prepare daily cash forecast and ensure best utilization of daily excess cash to reduce existing debts, to cover overdrafts and to earn interest- Prepare manual letters of instructions to banks- Compute investment interest income.- Send bid requests to banks when required.- Communicate with banks to solve any outstanding banking issues pertaining to day to day banking transactions according to instructions/arrangement, ensuring the proper application of Addendum of Mandate.- Review and ensure banking service prices are applied according to arrangements & facilities, ensuring that such services are adequately applied. Follow up on refunds if any. OTHERS- Process the proper accounting allocation and relative General Ledger entries in a timely manner for all banking transactions.- Coordinate Company’s benefit finance (Employee Savings Plan) through Fund Managers and submit annual report to Zone BF&I.- Effective and timely processing of Bank Guarantees to eliminate possible time-losses between issuance and confirmation by guarantor and Company’s and subsequently ensure that terms are in compliance with Company’s requirements.- Manage and monitor Trade Bank Guarantee provided by banks for Company’s customers. Liaise with banks for credit facilities to customers and vendors credit worthiness and ensure soundness and validity of their guarantee and collateral. Follow-up with renewal of bank guarantees or call up of bank guarantees or call-up of bank guarantees from the bank.- Execute the payment advice process for payment in local and foreign currencies received from procurement.- Prepare and keep all domestic treasury correspondence with local banks.- Support the Cash Controls unit by following up with banks, clearance of unreconciled outstanding.
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Ass. Tax Analyst
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Apr 2015 - Apr 2017
- Monthly Preparation of Withholding Tax Schedule (WHT) and Value Added Tax Schedule (VAT) for necessary payments to Federal Inland Revenue Services (FIRS) and various State Board Agencies- Preparation & Processing of Monthly Company Income Tax.- Manage relationship with tax remitting banks and tax authorities’ representatives and agents on tax remittance related issues- Maintain balance sheet accounts to ensure monitoring current transactions and follow-up on non-current items.
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Education
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2016 - 2018
University of Lagos
Master's degree, Economics -
2015 - 2015
National Teachers' Institute, Kaduna, Nigeria
PGDE, Education -
2009 - 2013
Babcock University, Nigeria
Bachelor of Science (B.Sc.), Economics
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