Financial Analyst, Management Reporting
GUARANTY TRUST BANK PLC
Total years of experience :12 years, 4 Months
• Reconciliation of operating expense download to daily FINSTAT. Review of operating expense download for any misstatement or misclassification of posting. Accurate allocation of expenses to teams for management performance reporting. Recommendation of cost allocation basis for new expense lines.
• Review of month-on-month and year -on-year expense figures. Ascertaining the nature and cause of changes (growth/decline) in expense for the period.
• Computation of expense ratios, which include cost to income, cost per staff, cost per branch.
• Monitoring of expense performance to plan and pledges.
• Reconciling monthly payroll to staff list for completeness. Re-computing staff monthly emoluments to ensure all staff on payroll are appropriately paid in line with the bank's remuneration policy. Sighting of accepted offer letters /resignation letters to confirm the start date/end date for new entrants and resignees is as stated on payroll.
• Provision of historical data and analysis for determination of budget envelope. Usage of OPEX, time allocation and staff expense received from cost centres and marketing teams. Preparation of budgeted OPEX and staff expenses.
Design appropriate tax computation templates
* Accurate mapping of ledgers to the templates
* Review and apply relevant Nigeria tax law
* Implement tax avoidance strategies to reduce tax liabilities
* Liaise with tax regulators and the Bank’s tax Consultants
* Obtaine management approval for tax payments
* Complete and file the yearly tax returns with FIRS
* Follow up with the issuance of Tax Clearance Certificate by FIRS
* Attend to issues arising from FIRS examination and external auditors.
* Source and safekeeping of relevant tax documents
* Research into tax related matters to assist in tax saving strategy
* Review all new products with aims of determining and accessing its tax implication on the bank
* Preparation and constant review of tax manual and procedure
* Ensured timely payment of CIT, EDT & NITDEF liabilities
* Proper filing of tax correspondences, receipt i.e. hard/soft copies.
* Attended to other ad-hoc requests as they arose
• Collation of information from the Bank’s records and ensuring timely submission of regulatory returns to CBN relating to Invisible trade, Letters of Credit, Import bills, Exports Transactions, Capital Importation, foreign trade credit lines, Purchase and Sales of Foreign Exchange and to the regulators.
• Provision of reports required for regulatory examination exercises.
• Supporting the Reporting Manager in liaison with Local Regulatory authorities.
• Checking the accuracy of all inputs from Trade dept and undertaking key controls to collate information from the bank’s records and ensure timely submission of regulatory returns to CBN.
• Automation (end to end) of the Trade returns and related reports made to the CBN.
• Provision of monthly reconciliation of FX trade returns and agreeing same to the Banks general ledger.
• Being up to date on changes in regulatory requirements and documenting a process review to accommodate such changes.
• Uploading, updating and delivering all local Trade returns timely under the supervision of the Reporting Manager
• Responding and resolving all local trade reporting issues.
• Providing relevant schedules and responding to regulatory audit queries.
Prepared accounts and financial reports, Maintained the computerized accounting system, using peach
tree software and reconciled all accounts each month.
* Payroll Administration: coordinated and managed the payroll function, computation, and payment of
tax - P.A.Y.E and Pension Contributions and submission of returns on a monthly basis.
* Prepared Annual Tax Clearance Certificates for staff,
* Maintained listing and records of Staff Tax File Numbers and other relevant tax records
* Prepared and facilitated annual audit, maintained all records to audit ready standard. Provided relevant
information to auditor as requested - evidences of expenditure and transaction approvals, evidence of
revenue and receipts, staff list and all other accruals for verification
* Raised Form M and opened letters of credit for all company’s imports
* Maintained professionalism and updated oneself with knowledge required for job, other duties,
consistent with the role, as required from time to time by Manager and CEO.
* Attended to other ad-hoc requests as they arose
NATIONAL YOUTHS SERVICE CORPS (NYSC)
Oba Akinbiyi High School (Accounts Teacher) February 2013
* Responsible for teaching subject content and helping to mould the young minds entrusted into the care of
the school.
* Reconciled the school’s accounts by comparing bank statement with its general ledger.
* Managed students’ behavior in the classroom and on school premises.
Maintained accounting records and ensured filing of documents; company’s daily docket.
* Reconciled company’s monthly tonnage with LAWMA’s monthly tonnage.
* Reconciled bank’s statement by comparing statement with general ledger.
* Managed petty cash imprest
* Computed and prepared salary vouchers and laborers’ payroll.
* Contacted residents on past due accounts
* Applied residents’ payment and balanced accounts.
Bachelor of Science in Accountancy
