Mobolaji Mos-Shogbamimu

•Continuous development of the Business Plan to support the organisations financial objective for the project.
•Supported management decision making on matters related to strategic planning, profit projections/forecasting and the most efficient use of Group resource by ensuring the availability of relevant and timely information
and analysis to provide meaningful insight and knowledge.
•Interpretation of LBG long term business objectives to create financial strategies to maximise shareholder value
•Preparation of consolidated financial statements from the different international LBG business regions
•Provided financial support for the Integration and change activity of the project, ensuring that proposals are supported by robust business cases which capture all cost and income drivers.
•Production of Management Information reports covering variance analysis, KPI and risk analysis to monitor business performance against strategic objectives
•Developed an indebt understanding of finance drivers, risk and opportunities associated with the business area in order to produce MI relating to Business Units/Segments, branches, subsidiaries, product lines, Projects etc
•Management and review of expenditure to ensure within approval limits and inline with expenditure criteria
•Managed ad-hoc project and programmes, ensuring objectives and deliverables are achieved within the agreed time scale and budget
•Managed the monthly meeting with budget managers and business unit managers, ensuring the received the appropriate support to manage their budgets, business areas and adherence to the agreed financial controls.
•Lead annual budgeting process ensuring efficient use of resources and to ensure attainment of LBG objectives
•Developed finance processes and Management Information Systems within the organisation to ensure adherence to those set by Chief Finance officer, GAAP and international regulatory reporting.
•Partnered with colleagues across the organisation (both within and outside finance) to ensure the proper interpretation of IFRS and to fulfil all reporting, forecasting, budgetary and finance management.
•Identified updates in international practices with regards to Financial Statements and Management Reports, ensuring new reporting tool and practices are implemented within the LBG

• Consolidating all Cost and Investments activity and reporting from across UK Finance into one Shared Service Centre using SAP, Oracle, PMA, FPA etc.
• Providing the transactions, reports, and analysis required to support key business decisions made by Finance Business Partners and higher management.
• Delivering month-end reporting and accounting processes for the Groups IT Finance division
• Finalising the cost position by preparing and reviewing transactions in Finance Systems
• Reconciliation of reports and transactions.
• Maintaining, and producing reports to enable Finance Business Partners' analysis at a Business Unit and Divisional level
• Continuous Improvement of month-end activities including improvement to processes and process notes to ensure activities are robust and meet Business requirements.
• Understanding of accounting concepts and cost reporting and a practical experience of relevant financial systems and processes SAP, Oracle, FPA and PMA
• Understanding the core financials of the business area and cost drivers

• Resided in Hong Kong with family - Supported wife's career as she was on secondment.
• Travelled to Asia, Middle East, South America and North America.

• Having an in-depth understanding of the business area, its financials including cost drivers and KPIs
• Working collaboratively with the organisation department heads, budget holders and business partners to ensure the budgeting and planning process is advantageous, effective, efficient and understood.
• Production of monthly and quarterly management reports with relevant variance analysis and KPI.
• Assisting with the production of annual budgets, financial and business plans
• Production of 5 year business forecast taking into consideration the organisations future business objectives.
• Presentation of Financial and Management reports to the management board ensuring that complex financial information is presented in a manner understandable to non finance audience.
• Production of the organisations statutory financial statements for presentation to the board and external auditors
• Management of external stakeholders: Financial services providers, government dept, external auditors etc
• Assisting with the Business Improvement of the organisation covering HR, Admin and I.T management
• The use of Lean Six Sigma methodologies to review, design and implement policies and processes to strengthen the effectiveness of finance department and the organisation as a whole.
• Implementation of cost reduction processes and policies to increase efficiency
• Review and selection of the new Finance I.T. system and designing the support processes and infrastructure

Oil and Gas Experience

Consulted and advised three Oil and Gas companies covering Upstream, Midstream and Downstream
• Production of financial statements and review of finance track record
• Development of Accounting policies and process for the organisation with the production of the Finance Manual and the Standard Operating Procedures manual
• Review of the Management Information Technology systems to ensure timely, valid and appropriate reports are produced.
• Restructuring of the finance department to increase efficiency.
• Reviewing KPI and the basis for measurement and benchmarking
• Review of the IPO readiness for a large Oil company with the view to flotation on the London Stock Exchange:
• Corporate Governance and Risk management

Non Oil and Gas:

Finance:
• Review, design and implement policies and processes to strengthen the effectiveness of the finance function of several organisations ranging from large multinational organisations to those on different levels on the growth spectrum / scale and in different industries
• Corporate Performance Management: advising companies on the best way to measure performance from the selection of the organisations goals, selection of information to be measure organisations performance against identified goals and actions which management have to undertake to ensure future performance against these goals
• Performance of Due Diligence on companies on behalf of investors.
• Negotiating with Asset Management Company of Nigeria (AMCON).
• Production and presentation of business plans and reports on behalf of clients
• Review of the financial and management information processes for a multinational company, updating these to GAAP and the production of a Finance Manual and Standard Operating Procedures.
• Implementing a multi-national solution for the recovery of financial information and the coalition of this to produce annual financial reports.
• Accounts recovery: Leading the team in the recreation of accounts from base data and detailing the variations from previously recorded balances.
Strategy:
• Development of business strategy for clients looking to invest within the country and for clients within the country looking to expand their businesses.
• Designed and created the “Investment Brochure”. A document compiling all the information required for an investor to invest in a company. The report is created on behalf of a client and presented to potential investors.

Operations:
• Review of the operations of clients to increase efficiency and reduce cost
• Designing a procurement system for a government organisation to ensure efficiency and optimal cost management
• Designing and applying cost management methodologies within organisations to facilitate agile responses to changing conditions and to drive business growth.
• Programme management to ensure several projects within the programme are managed to ensure synergy, integration and completion within the timescales and budgets.

Technology:
• Review of the Finance IT system of a large organisation to ensure the system meet with the companies’ requirements, GAAP finance processes and statutory requirements, ensuring the production of accurate financial statements.
• System Selection: Defined the functional and technical requirements of a Financial Management System (FMS) required to support the Finance Function.
• Evaluation of different application systems to identify the most suitable option for the client.
• Assisting in the implantation of the IT system within a large corporate organisation

People and Change: Reorganisation and motivation of the staff within the finance department of organisations to improve efficiency.

Governance Risk and Compliance:
• Design and implementation of governance and compliance programmes to increase transparency, reduce and manage risk and ensure the client is compliant with legal requirements.

• Deliver high quality financial information to timetabled requirements to assist with the overall financial control of the region ensuring that it has robust and detailed budgets.
• To lead Finance team with a budget of £90m for a department of approximately 1, 800 staff.
• Lead on the Budget and Financial Reporting for the South East England Director
• Liaised directly with key stakeholders within the business to assist them in managing their budgets and achieving their operational objectives
• Direct and coordinate relevant financial and budget management functions.
• Monitor and analyse monthly operating results against budget, measuring and reporting on financial and operating performance of directorates.
• Manage the preparation of financial outlooks and rolling financial forecasts.
• Presenting and explaining complex financial numbers to non-finance executives within the business
• Liaising with stakeholders including the National Audit Office (NAO) and Internal and External auditors.
• Investigating finance and management processes with the aim of increasing efficiency and reducing cost.
• Implementation of new finance procedure for proper management of finance budgets

Financial Management:
• Forecasting, managing cash flow and resource requirements to ensure Organisation has required funds.
• Preparation of year end financial accounts

Management Accounts:
• Implementing the procedures for the production of the Management accounts for presentation to budget holders, the Chief Executive Officer and the Chairman.
• Production of management accounts explaining variances and Key Performance Indicators
• Presentation of management accounts to management board, CEO and Chairman

Contract Negotiation:
Negotiation of contracts ensuring the organisation is receiving value for money and effective and efficient service: Payroll Service provider - outsourced, Accommodation Lease contract, I.T Hardware and software

Finance Processes and Procedures: Design and Implementation of the following processes:
• Procurement process
• Invoicing payment
• BACs payment
• Payroll - Remuneration and Flexible Benefit payments
• Board and Staff expenses payments

Audit and Risk Committee:
• Setting up of the Audit and Risk committee in line with the HM Treasury and auditor requirements
• Identifying and setting up of the Risk register capturing relevant risk which could prevent the organisation form meeting its objectives and performing its duties.
• Presentations to the committee during quarterly meetings
• Presentation of management accounts and variance analysis reports

Business Plan:
• Production of the business plan for the organisation detailing the objectives and duties of the organisation
• Presenting the business plan to the sponsoring body to defend funding requirements

Finance Systems Development and Installation:
• Managed the design and development of the finance systems to manage financial transactions
• Managed the implementation of the systems ensuring that it met organisational and audit requirements.

Stakeholder Engagement: Building relationships with wider stakeholder community on financial issues.

Finance:
• Ensuring that the Directorate’s expenditure and income is accounted for in an accurate and timely manner.
• Identifying the resource required to support the Directorate business plan
• Allocating resources within the Directorate to support delivery of business objectives
• Managing the Directorate’s budget in-year - including the profiling of budgets, forecasting outturn expenditure and providing explanations of variances from planned expenditure and income.
• Contract negotiations to reduce expenditure and increase value for money


Strategic:
• Providing strategic and tactical financial advice to the senior management team in support of the Directorate’s business operations, and business plan.

People Management:
• Changing the culture of the department to one where the management of budgets and knowledge of finances are important to the success of the departments objectives.
• Educating staff on their finance responsibilities including the management of budgets and GPCards

Policy and Procedures:
• Implemented new finance policy and procedures for that proper management of the department’s finances.

Position Held: Head of Finance and Administration, Wales Office (DCA)
Assignment: To reorganise the Wales Office Department and to manage its merger with the DCA
• Successfully reorganised and restructured the Wales Office by designing and implementing new finance and admin procedures and the retraining of staff members.
• Successfully managed the merger of the Wales Office to the DCA
• Presentation of reports to the Head of the Wales Office and the DCA
• Building working relationships between the Wales Office and other Central Government departments.
• Agreement of new funding and supplementary estimates with the HM Treasury for new division
• Management of implementation of Oracle 11i to new procedures implemented.
• Answering of ad hoc queries from Ministers and Parliamentary questions
• Preparation of reports for Ministerial briefings and presentation to Parliament


Position Held: Finance Manager, (DCA)
Assignment: Department Change Programme: Investigating and reviewing the department’s policy and procedures to identify areas where efficiency can be implemented
• Producing and submitting a policy to the HM Treasury.
• Secured agreement with the HM Treasury on the treatment of Financial and Accounting practices which fall outside those recommended by the HM Treasury’s Resource Accounting Manual.
• Reproduced the Department Finance Manual, ensuring adherence to new GAAP and IAS.
• Improving controls and procedures within the organisation to increase efficiency and corporate governance
• Production of financial and management reports and presentations on changes agreed
• Development of the Departmental Shared Service programme for the centralisation of back office functions to serve multiple divisions, departments and business units.


Position Held: Finance and Management Consultant (DCA)
Assignment: Creation of a new department to handle Judicial Pensions and Emoluments:
• Managed the project to successfully complete the creation of the “Judicial Pensions

• Analysed the old Finance management and Accounting department in order to understand existing procedures.
• Identified and detailed problems and inefficiencies in the old Finance and Management procedures and the consequences of these.
• Designed, developed and implemented strategies in order to clear up outstanding funds in suspense and control accounts, and to reconcile company accounts.
• Identified the finance and accounting requirements of the company by:
o Internal liaising with the Financial Manager, Payroll Manager, Human Resources Manager and Internal Auditors to identify requirements.
o External liaising with the company Pensions Plan Providers as well as the External Accountants and Auditors, to ensure approval and requirements were met.
• Implemented controls to ensure proper functioning of the Accounts and Management procedures.
• Ensured staff training on use and advantages of new procedures.
• Made presentations and headed meetings to inform management and staff of the changes in procedures.

• Gained an overview of the management accounting process by liaisons with relevant department managers
• Reviewed systems processes and control procedure with a view to making recommendations for future improvement
• Detailed documentation of the various procedures for capture, recording and reporting client investment information
• Formulated complex Excel worksheets in order to resolve a discrepancy between the subsidiary accounts and nominal ledger
• Produced final report for the year-end audit detailing the reconciliation between the subsidiary and nominal ledger
• Analysed systems and controlled weaknesses were produced and recommendations for future improvement were presented to senior management


• Reviewed the accounting system and procedures to ensure accuracy on the accounting system
• Produced reports for Management highlighting problems and variances
• Suggested and implemented corrections and improvements.
• Produced cash-flow reports showing receipts of cash and its applications
• Performance measurement of individual and company schemes
• Ensured clients cash contributions were invested and the reconciliation of the cash receipts to bank statements and client investment accounts.
• Liaised with the project manager and carried out ad hoc accounting duties and supervised accounts staff ensuring proper implementation.