Adetoro is a chartered Accountant, with over 12 ye
Work Experience
Country Representative/Financial Reporting
Kwese Free TV Limited (Mauritius)
2019 - Present
Lagos, Nigeria
• Act as the major business contact on behalf of the head office in Nigeria
• I prepare and present daily update with respect to debtors and creditors collections of Nigerian entities (Econet Media and Degue Media) to the group office
• I provide relevant financial information of both Econet Media Supports Services Nigeria Limited and Degue Media Nigeria Limited to head office for administrator’s use
• Prepare and review monthly management report of its subsidiaries in Nigeria with the head office
• I prepare and present year-to-date reconciliation of staff retrenchment payments for proper understanding with the group office
Financial Controller (In-Country)
Econet Media Support Services Nigeria Limited
2017 - 2019
Lagos, Nigeria
• Critically assess, update process and make recommendations to inform business best practice
• Formulate finance strategy and ensure processes and procedures are fully developed are followed
• Ensure and Monitor implementation of strategic business plans
• Prepare and review monthly management pack for group submission.
• Review and advice on all business contracts that have financial impact on day-to-day operation of the business.
• Collection, collation and review of quarterly departmental budgets and submission to the head office for approval
• Prepare and review with the in-country manager’s cost-benefit analysis of a project.
• Deliver information required for monthly, quarterly and annual financial requirement.
• Review actual performance against budget to ascertain variance and inform the management team on the way forward.
• Effective management of all stakeholder
• Overseeing daily bank reconciliation of various company accounts.
• Ensure all payments and invoices are well tracked.
• Answers inquiries and provide information to staff and the public on financial policies and procedures of the company where applicable.
• Checks, corrects and maintains a variety of financial and other business records and documents.
• Manage the potential tax exposures of the business by ensuring compliance with all tax legislation affecting the business.
• Act as the major point of contact with statutory auditor during audit.
• Contributes to the business goals by accomplishing related duties as required
Some of the results achieved:
 Setting up accounting department for Econet Media Nigeria and correcting the books that had been wrongly handled for years while they executed all financial activities remotely by financial experts but with no much hands-on knowledge of the Nigerian financial requirements.
 Cost savings mechanisms put in place to reduce financial burden on the company
Finance Manager (West Africa)
Reckitt Benckiser Nigeria Limited
2014 - 2017
Lagos, Nigeria
• Ensured highest level of security and internal control in all implemented business solutions
• To continually develop and maintain the accounting systems of the local business in order to ensure availability, completeness, accuracy and validity of information upon which management will base their decisions.
• Manage the potential tax exposures of the business by ensuring compliance with all tax legislation affecting the business. This will include: systems review and risk analysis, direct and indirect tax calculations.
• Monthly review of all general ledger against sub-ledger balances to test completeness and accuracy.
• Preparation and submission of all relevant forms required by local tax authorities.
• Analyzing monthly sales growth (CY) vs same period last year (PY) in terms of brands and channel wise.
• Quarterly forecast of sales revenue/volume and trade marketing cost.
• Review business papers on promotional spends and incentives via actual sales performance.
• Effective management of all stakeholder
• Preparation and submission of plan numbers in respect of net revenue, company operating profit in accordance with the company’s growth target.
• Provide advice on investment decision and ensure excess cash are reinvested.
• Monthly preparation of management financial reporting for management decision making.
 Collection and collation or preparation, review and reporting of the following:
 Actual monthly overhead, balance sheet (monthly management reporting pack).
 Annual budgeted overhead information
 Annual budget financial schedules
 Quarterly overhead forecast information
 Quarterly tax charge information
 Quarterly royalty submissions
• Act as a liaison between the company and the external audit team at interim and final audits.
• Annual preparation of Statutory Accounts and reconciliation of these accounts to final submitted Hyperion results (HQ submission in UK GAAP/IFRS format)
• Support the business in area of training new employee on the aspect of various finance functions.
Some of the results achieved:
 Implementation of SUPER CHARGE and PACTS project (new chart of account).
 Continuous successful completion and submission of statutory report in accordance to IFRS.
 Implementation of process control within the organization.
 Successfully established and entrenched policies and procedures in line with company standard
Credit Control Manager (West Africa)
Reckitt Benckiser Nigeria Limited
2012 - 2014
Lagos, Nigeria
• Accounting and Reporting of monthly sales and NR of the business
• Acts as interface between finance and sales/Marketing team
• Review the business papers and briefs for all trade and consumer marketing initiatives.
• Ensure that proper financial evaluation is prepared and reviewed before the launch of NPD.
• Management of key distributors Accounts, reconciliation of customer’s accounts and resolution of complaints.
• Provide the required financial analysis for both trade and consumer promotions and seeks to maximize ROI of such activities.
• Ensure full and total adherence to the global trade policy especially in terms of accounting for both trade and consumer marketing spends.
• Ensure that the Gross margin of each sku is tracked on a monthly and yearly basis.
• Monitoring compliance to credit policies of the company.
• Accounting and reporting of debtors, provision of adequate information on debtor with a view of ensuring that defaults are followed up and appropriate remedial action taken.
• Accessing the credit worthiness of new distributors.
• Computation of customers’ rebate and processing of its payment.
• Regular conduct of key distributor audits.
• Participation in the preparation of annual financial budgets
Financial Accountant (West Africa)
Reckitt Benckiser Nigeria Limited
2010 - 2012
Lagos, Nigeria
• Reviewing analyzing and reporting the monthly commercial fixed cost.
• Coordinating month end closure of financial statement.
• Reviewing and analyzing expense in relation to various cost Centre.
• Reviewing and analyzing actual financial activities with planned using Hyperion financial management (HFM) and I see everything (ICE) software.
• Overseeing daily bank reconciliation of various company’s account.
• Loading and reporting the financial data using Hyperion financial data management.
• Reporting the financial position to the management for decision making.
• Preparing statutory financial statement for audit certification.
• Coordinating and liaising with external auditors during audit.
• Review and analyze monthly actual net working capital as against plan using smart view.
• Review, analyze and report daily trade debt to the management for decision making.
• Perform other functions as may be assigned
Stock and Inventory Control Accountant
UTC Nigeria PLC
2008 - 2010
Lagos, Nigeria
• Processing of goods received note (G.R.N) of all raw materials in various stores.
• Posting of raw material requisition note from various stores to work-in-progress factories.
• Posting of finished products from various work-in-progresses to finished products warehouses.
• Posting of all products used as business entertainment, samples, donations, sales promotions, etc.
• Postings of all stocks items sub-heads to the ledger at the end of the month.
• Scheduling stock-take exercise at the end of each month.
• Reconciling various stocks after stock-take exercise for the determination of stock surplus/deficit at the end of the month.
• Preparation of stock report for management decision making.
• Monthly adjustment of price changes in stocks.
• Preparation of staff salary at the end of each month.
• Performing any other function as may be assigned
Marketing Representative
Mutual Benefit Assurance PLC
2007 - 2008
Lagos, Nigeria
• Meeting market target of minimum amount of N 400000-N 800000
• Creating awareness of the importance of Insurance to the people.
• Computing the interest yield on investment made by client on personal saving plan on regular basis
Purchasing Officer
Lagos Airport Hotel
2002 - 2003
Lagos, Nigeria
• Issuing local purchase order (L.P.O) to suppliers.
• Requesting for stock level from all stores in other to determine procurement period.
• Liaising with necessary people for the purpose achieving organizational goal.
• Performing other functions as may be directed by my superiors
Education
Ladoke Akintola University of Technology Nigeria
MBA Financial Management
2013 - 2015
Osun State Polytechnic Nigeria
Higher National Diploma in Accounting
1999 - 2005
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