Oluwaseun Adekanye, ACA
Financial Planning and Analysis Specialist at Chemical and Allied Products Plc- Claim this Profile
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Bio
Credentials
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Associate Chartered Accountant
Institute of Chartered Accountant of Nigeria
Experience
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Chemical and Allied Products Plc
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Nigeria
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Chemical Manufacturing
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100 - 200 Employee
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Financial Planning and Analysis Specialist
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May 2022 - Present
Performing financial planning and analysis to support strategy and decision making with critical business insights, while supporting commercial & other project teams. My focus is on financial and management accounting analysis to support achievement of internal business goals. Responsibilities: • Providing management reports and ensuring management is always well informed and up to date on the business trend in order to take informed decisions. • Revenue accounting and reporting, analyzing and projecting company's net revenue while analyzing variance between actual sales vs plan in terms of volume and value • Preparation and delivery of the budgeting and forecasting process. • Production process analysis and variance reports, this is achieved by providing commentary on key variances on a monthly basis. • Revenue analysis and review by territory, customer, and product. • Provision of robust analysis and insights into products profitability and portfolio management • Manages the service revenue reporting process by partnering with project team to effectively monitor projects with the aim of maximizing profits for the business • Provides other ad-hoc financial analysis for decision making Show less
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Dangote Flour Mills PLC
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Biotechnology
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200 - 300 Employee
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Decision Support/ Commercial Finance Business Partner
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Aug 2016 - Sep 2020
I provide management with relevant financial analysis to support recommendation & assumptions required for decision making. Responsibilities: • Provide insightful support to Commercial (Sales & Marketing) team to develop commercial business plan & strategy. • Monitor Gross Profit of key products and investigate key variances from plans and suggest remedial actions with the aim of ensuring that the business delivers the budgeted profits. • Review of promotional activities (i.e. products activation) to ensure that these activities don’t result in losses. • Analyzing volume/ price to ensure that price increase or decrease don’t have negative impact to sales. • Monthly analysis of overheads with robust variance analysis and providing insights on budgeting control & monitoring in order to minimize overspends. • Supports Brand Managers by providing analysis on sales/ products/ competitors • Working with Supply Chain to manage stock & material work-off and identify opportunities to reduce costs and increase efficiencies • Reviewing cost centers to understand key cost drivers and deviation from budget/ forecast. • Provide on-the-ground financial support for manufacturing operation issues and other identified gaps. • Product pre-launch costing and simulation, and product innovation profit analysis • Undertake and prepare other business case scenario analysis that may be required from time to time. • Provide ad-hoc support to the Financial Controller/GCFO as required (i.e. special projects). Show less
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DN Meyer PLC
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Chemical Manufacturing
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1 - 100 Employee
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Cost/ Factory Accountant
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Jan 2014 - Jun 2016
My role as the Cost Accountant focused on determination of product cost and prices at favourable margin. This include determination of effect of price increase and price reduction on contribution margin, thus validating cost of goods sold which is included in the preparation of management and factory operation reports. Other responsibilities include: • Performing month-end close process. • Coordinating physical inventory counts, investigate and reconcile variances. • Working with Material Review Board to locate and dispose off obsolete inventory. • Valuation of finished goods and updating standard costs in the bill of materials. • Analysis of increase or decrease in products yields. • Creation of company’s products code. • Performance reporting to management. • Assist operations and Financial Management in understanding product costing/ production variances and prepare other monthly reports as required. • Understanding the logic of the company’s software application configuration and analyzing the impact to the business if the configuration is modified. Show less
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Account Officer
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Jul 2012 - Dec 2013
Key responsibilities include: • Monitoring sales and responsible for cash collection. • Oversees the store keeper and all store activities. • Participating in consumer relation projects. • Assisting with the preparation of annual budget and quarterly forecast. • Year end income and expenditure forecast. • Periodic stock verification and reconciliation with stock records. • Assist with external audit preparation work to allow for timely completion of the annual financial statement. • Involving in the company’s marketing research and contract review. Show less
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Education
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University of Lagos
MSc Finance (in view) -
Ekiti State University
BSc Accounting -
Federal Government Girls’ College, Kabba, Kogi State
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