Adebayo Samuel Olumide Resume - FRBA

Olumide Samuel Adebayo
Nigeria Home Address: 2, Echendu Street, Woji Port Harcourt, Rivers State
midastouchy007@yahoo.com
+234806 296 6684, +234703 051 7282.
Career Objective:
Use my expertise and skills to manage the most important resource of the organization. i.e., finance in a way that, utmost efficiency
is recorded in every task of the organization pertaining to the use of financial resources, and help/strive hard to keep the
organization out/away from any kind of financial debt or burden. I would like to be a part of an organization, wherein the
organization trusts my capabilities, help to design and implement advanced finance control tools with effective finance structures
and strategies management, and where the management of the organisation would hand over the responsibility of finances to me
without much intervention in the same.
Summary Of Experience
As a highly experienced Finance Reporting/Business Analyses Manager who has demonstrated the ability to lead diverse
teams of professionals to new levels of success in a variety of highly competitive industries, cutting-edge markets and fast
paced environment. Strong technical and financial qualifications with an impressive track record of more than 12 years of hands
on experience in financial management cost control, Tax management in various sectors especially in the Oil and Gas industry.
Proven ability to successfully analyse an organisation’s critical business requirements, identify deficiencies and potential
opportunities and develop innovative and cost effective solution for enhancing competiveness, increasing revenues and
improving overall organisational performance.
Summary of Skills
Technical Skills
 Microsoft Office Professional 2000 (Word, Advance Excel, Advance Access & PowerPoint Applications; Proficient in Lotus
Notes and MS Outlook);
 Peachtree Accounting Package Version 12;
 JD Edwards Enterprise One E 1 8.11 (Oracle);
Management Skills
 Very sound financial management knowledge and experience
 Knowledge and Experience of International Financial Reporting Standards and US GAAP Reporting
 Organized, Detailed and a Good Time Manager
 Strong Motivational and Team Leadership Skills
 Excellent analytical and mathematical skills to analyze business development needs with finance analysis.
 Research and critical thinking abilities to comprehend changing economic situations
 Proficient in handling budget and cash management
 Acquainted with advanced business Practices and finance control tools
 A very good and sound knowledge of Tax planning and Tax management
 Enhanced cultural awareness and sensitivity to customs and cultural differences
 Excellent Interpersonal and Communication skills
 Ability to maintain an open mind and be tolerant of others.
Employment History
Financial Reporting & Business Analyses Manager – February 2015 to date
Finance Manager Jun 2014 to February 2015
Chief Accountant, June 2013 to June 2014
Senior Reporting Accountant, May 2008 – May 2013

Weatherford Nigeria Limited. 37/39 Trans Amadi Industrial Layout behind Mother cat Trans Amadi Port Harcourt Rivers State
Nigeria
Primary responsibilities include but are not limited to:
• Responsible for ensuring the provision of accurate and timely financial accounts for business
• Managing the company's financial accounting, monitoring and reporting systems to ensure validity, correctness, completeness
and accuracy of transactions and promote compliance with Accounting standards (IAS, SAS, SA, IFRS) and GAAP
• Responsible to manage teams to ensure that asset and inventory counts are performed in accordance with company policy,
including the continuous reconciliation between financial, operational and physical records. Advise management on slow-
moving and obsolete inventory strategies.
• •Perform Monthly P&L /Analytical reviews, investigations and reports to management on significant variances to forecast and
prior months results for revenues, cost of sales and expenses
• Lead External Audit process to ensure financial accountability and compliance with established standards
• Develop and improve processes and procedures, including implementing new financial systems within the Finance function to
improve accuracy, completeness, validity and efficiency and compliance with local, Region & Global policies and SOX
• Assist in preparation and explanation of rolling forecasts, and other reports as required
• Working with the Financial Controller to prepare and issue annual revenue and expense budgets.
• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organisations such
as the Inland Revenue
• Participate in performance evaluation of finance staff and conduct counseling sessions to identify skill development needs
• Plan and direct financial audits to ensure financial accountability and compliance with established standards
• Presentation of profitability reviews, analysis of financial statements and cash flow plans to higher management on monthly,
quarterly and half-yearly basis
• To provide Operations Management with meaningful financial reports to assist them in running the business, work with
management teams and advise on operational finance issues.
• To develop and improve processes and procedures, including implementing new financial systems within the Finance function
to improve accuracy and efficiency and compliance with local, Region & Global policies.
• Coordinating and Managing Intercompany accounting system and perform monthly cost bill back.
• Conducting reviews and evaluations for cost-reduction opportunities
• Ensure accurate calculation and distribution of salaries and other benefits to employees.

• Perform monthly and quarter account reconciliation of good quality, within the set timeline and follow-ups on closure of open
items
• Support Account Receivables Team in analyzing allocation of customers’ receipts and resolving open items
• Review Accrual journals for completeness and correctness
• Provide the Local and Operational Management with advice and assistance:
• Cash Management, Payments & Payables Management
• Income Statements variance analyses to various Product Lines
In the form of financial analysis to all levels of operations management, as needed for interpretation of results, quotations and
sales bids, and project evaluations including the economic justification for capital expenditure (AFE’s).
• In the preparation and issue of annual revenue and expense budgets.
• Assist in preparation and explanation of rolling forecasts, and other reports as required.
• Stand in for the Finance Controller while on vacation or unavailable.
May. 2005 to April 2008.
Unilever Nigeria Plc
1, Billingsway, Oregun Lagos States. Nigeria
 Fixed Asset Supervisor
 General Ledger Supervisor
 Management Reporting Supervisor
 Tax, Pension & Insurance Supervisor
Primary responsibilities include but are not limited to:
 Prepared standard and non-standard income and balance sheet statements, and consolidated statements.
 Ensured timely and accurate completion of monthly financial statements for management review and assisted with the
budget development.
 Analyzed financial records and reports, and advised on accounting reserves, assets and expenditures.
 Reviewed and verified the accuracy of journal entries and accounting classifications assigned to various records.
 Conducted special studies and developed and recommended accounting methods and procedures.
 Coordinated with other departments, locations and divisions concerning accounting.
 Reconciled fixed asset subsidiary ledgers and resolved any resulting discrepancy.
 Ensured that all inventory transfers are appropriately accounted.

 Investigated issues affecting the company's fixed assets and recommended ways of resolving them.
 Prepared monthly fluctuation analyses and accumulated depreciation accounts.
 Prepared audit schedules and resolved audit issues adhering to applicable procedures.
 Prepared supporting tax schedules and property tax returns.
 Ensured adherence to CAPEX and prepared Budget variance reports
Academic Education
The Polytechnic, Ibadan Oyo State, Nigeria
HND. Accounting (Upper Credit), August, 2001
West African Senior School Certificate (WASSC)
Professional Education
Diploma, International Financial Reporting Standard – In View
Institute of Chartered Accountants of Nigeria (ICAN)
Associate Member (ACA) November 2007
Institute of Chartered Accountants of Nigeria (ICAN)
Accounting Technician (ATS) 1996
Industry Education & Training
• Facilitating high performance teams
• Principles of Negotiation Skills
• New Manager Development.
• Improving Competitive Performance through Appropriate Product Pricing in the Manufacturing Sector
• Strategies for Continuous Value Creation
• Enhancing The Performance of The Manufacturing Sector Through Effective Business Risk Management
• Building & Leading the team – Phillip Consulting, Lagos
• Building and leading the team – Lagos Business School
• Principals for Managerial Effectiveness Techniques
• Principals for sound knowledge of business management, practices, procedures and strong negotiation skills
• Principals on correct communication, organizational and time management skills
• Principals on abilities to set priorities and work independently
• Ability to lead teams, coordinate and maximize productivity of assigned resources
• Financial skills including budget management, cash flow, measurement of project costs vs. income
▪ “Essentials for Enterprise Excellence”, Weatherford International Ltd, 2012
▪ “NSC Certification for Personal Vehicles”, Weatherford International Ltd, 2012
▪ “Operational Risk Management (ORM) 2”, Weatherford International Ltd, 2012
▪ “Operational Risk Management (ORM) 1”, Weatherford International Ltd, 2012

▪ “ecNet User Training Course for SRQA (ECNET USER TRAINING)”,
Weatherford International Ltd, 2012
▪ “My Well-Being”, Weatherford International Ltd, 2012
▪ “ePerformance Tutorial for Managers”, Weatherford International Ltd, 2012
▪ “ePerformance Tutorial for Employees”, Weatherford International Ltd, 2012
▪ “EEP Competency Assessment”, Weatherford International Ltd, 2012
▪ “IT Helpdesk Management – MEMOcast”, Weatherford International Ltd, 2012
▪ “Malaria Awareness Series: Lesson 3 – How She Finds and Bites You”,
▪ “Malaria Awareness Series: Lesson 2 – How Malaria Kills”, Weatherford
International Ltd, 2012
▪ “Malaria Awareness Series: Lesson 1 – The World’s Deadliest Animal”,
▪ “Malaria Awareness Training” Mobil Producing Nigeria Unlimited, 2012
▪ “8140 – Code of Business Conduct”, Weatherford International Ltd, 2012 & 2013
▪ “Weatherford Performance Tracking System (WPTS)” Weatherford Nigeria Ltd,
2013
▪ “Fatigue Management”, Weatherford International Ltd, 2013
▪ “Life-Saving Rules, Employee & Contractor Induction”, Weatherford
International Ltd, 2012
▪ “Effective QHSSE Communication (Basic)”, Weatherford International Ltd, 2013
▪ “Anti-Money Laundering Compliance e-Policy”, Weatherford International Ltd,
2012 & 2013
▪ “Conflicts of Interest e-Policy”, Weatherford International Ltd, 2012
▪ “Trade Compliance Training”, Weatherford Nigeria Ltd, 2012
Personal Details:
Place of Birth: Ibadan
Sex: Male
State of Origin: Oyo
Religion: Christianity
Referees
Available on request

Adebayo Samuel Olumide Resume - FRBA

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