Sunday Francis, ACA

Group Subsidiary and Control Accountant at Nigerian Exchange Group (NGX Group)
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Contact Information
us****@****om
(386) 825-5501
Location
Lagos, Lagos State, Nigeria, NG

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Nwabuaku Obi, ACA

Sunday Francis is a great asset to any team. He is such a great team player, always willing to take on more to propel the team forward. Sunday is highly analytical, as he applies himself to the task at hand and goes the extra mile to meet set goals. It was such a delight working with him and I have no reservation in recommending him, as the value he brings can be very easily seen both in the high quality of work he delivers and in the positive relationship he builds with his team.

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Experience

    • Nigeria
    • Capital Markets
    • 100 - 200 Employee
    • Group Subsidiary and Control Accountant
      • Jan 2022 - Present

       Preparation of consolidated group financial statement and holding company account  Preparation of consolidated group budget and holding company budget  Presentation of budget and financial statement at management meeting  Filing of financial statements with the security and exchange commission (SEC)  Filing of financial statements with the financial reporting council of Nigeria (FRCN)  Filing of financial statements on NGX X-issuer platform  Coordinating tax management and filing of companies income tax, value added tax and transfer pricing of the holding company and all subsidiaries  Review of companies income tax and transfer pricing  Liaise with tax consultant on transfer pricing implementation of the group and its subsidiaries  Coordinate FIRS tax audit, investigation and desk examination  Represent group finance in weekly management meetings  Coordinated EFCC audit on the financials of the company  Preparation of standard operating procedures (SOP) of the group finance  Ensure proper management of the company’ tax by the tax consultant  Liaise with external auditors on the preparation of audited financial statement Achievements  Developed standard operating procedures (SOP) for the group finance  Send monthly management account to group chief financial officer before deadline  Close out 2013-2018 FIRS tax audit exercise of the company  Close out FIRS monitoring exercise  Improve the management account template for ease of preparation of monthly management account  Coordinated transfer pricing implementation of the group  Reduce tax payable of the company through thorough review of tax computation by tax consultant Show less

    • Nigeria
    • Oil and Gas
    • 1 - 100 Employee
    • Tax and Treasury Accountant
      • Aug 2020 - Jan 2022

       Invoice discounting credit negotiation  Sourcing investments from various Banks, Insurance Companies, Finance companies and Investment houses for lease credit projects.  Lease credit analysis and appraisals.  Negotiating credit investment and restructuring of problem accounts with the company’s creditors/bankers  Lease identification and negotiation  Preparation of projected cash flow on machinery and equipment lease agreement.  Managing the repayments on all lease facility.  Managing all other credit activities.  Tax reconciliation meeting with federal inland revenue services (FIRS) and state tax authorities  Preparation of bank reconciliation to determine excess bank charges  Ensure receivables are collected as at when due  Schedule payment to suppliers and ensure that company policy is followed in making payments  Updating payable schedules and reconciling vendors account regularly  Resolving tax issues with tax authorities  Ensure value added tax (VAT) and withholding tax (WHT) are computed and filed as at when due  Ensure that transactions are properly posted to SAP ERP software  Ensure that pay as you earn (PAYE) is properly computed and paid as at due date  Monitoring debt and liquidity position of the company and providing investment, diversification and cost reduction mechanism  Ensure that tax clearance certificate (TCC) is received for the company and its 11 subsidiaries  Ensure that TCC for staff are received  Work with team members to prepare monthly and annual management account  Ensure companies income tax (CIT) is filed before due date  Representing the company in meetings with banks and other finance companies on loans and interest rate negotiation  Participate in the preparation of the company budget  Ensure that transfer pricing is filed before due date  Appropriate response to query from FIRS and other state authorities  Ensure that withhold VAT are paid monthly Show less

    • Finance Manager
      • Jan 2020 - Aug 2020

       Providing investment advice and managing company’ investment  Liaising with bankers on getting the best interest rate for business financing  Coordinate and direct the preparation of the budget and financial forecasts and report variances  Prepare and publish timely monthly financial statements  Analyzing the company’ daily sales  Manage and comply with local, state, and federal government reporting requirements and tax filings  Coordinate the preparation of regulatory reporting  Manage all accounting operations including Billing, A/R, A/P, GL, Cost Accounting, Inventory Accounting and Revenue Recognition  Research technical accounting issues for compliance  Ensure month-end and year-end close process  Ensure quality control over financial transactions and financial reporting  Develop and document business processes and accounting policies to maintain and strengthen internal controls  Preparation of forecast for expenses and sales  Treasury management  Providing tax advisory services to the company  Preparing companies payroll for Nigerians and expatriate  Preparing pay as you earn (PAYE) to over 15 states where the company is located  Managing pension schedule and payment to pension funds administrator  Preparing and making statutory payment to NHF and NSITF  Managing company’ shipping and importation services  Liaison with banks, shipping agents, terminal operators and customs for importation of raw material for production  Filing VAT, employee annual tax filing and tax computation  Review of form M forms and insurance for import  Preparation/review of tax computation. Show less

    • Business Consulting and Services
    • 700 & Above Employee
    • Consultant
      • Jan 2018 - Dec 2019

      Providing financial advisory services on Financial report, merger and acquisition, accounting, tax, and general account management Providing financial advisory services on Financial report, merger and acquisition, accounting, tax, and general account management

    • Financial Analyst
      • Jan 2017 - Dec 2017

       Collection of financial data  Analysis of bank statement and preparation of financial reporting  Liaising with Central Bank of Nigeria, external auditors and other regulatory authorities for compliance purpose  Filing form A and form H1 with relevant state board of internal revenue  Reviewing loan files to identify risk and way of mitigating the risk  Carry out verification before loan disbursement  Sitting in credit committee to determine the merit of a facility before approval of loan  Providing advice to management on the approval or rejection of a facility  Carrying out credit bureau search on every facility  Updating risk asset schedule  Uploading client data on central server and backing up at the end of the day  Update client credit history with credit bureau  Updating enterprise risk management framework with the recent development in the market  Loan disbursement and follow up with repayments Monthly and yearly financial reports Preparation of budget Account receivable and account payable management Show less

Education

  • University of Nigeria, Nsukka
    Bachelor's degree, Banking and Finance
    2008 - 2012
  • Institute of Chartered Accountant of Nigeria
    Associate member

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