Desmond Abollo work email
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Desmond Abollo personal email
I am an accomplished Chartered Accountant. I believe in efficiency and developing tools, systems, and processes to improve business financial and operational capacity. This has been my passion over the past 20 years of my progressive experience as a Finance Executive. My competencies span Financial Reporting and Analysis, Accounting, Financial Management, Compliance & Internal Controls, Budgeting & Budget Management, Procurement & Logistics, Human Resources, Business Operations & Administration, Audit & Assurance, Tax, and Business Evaluation & ManagementI am a proficient user of Microsoft Office, QuickBooks, Peachtree, SAGE Accounting, and ERP cloud applications. Adept in streamlining financial processes and introducing process improvements. Pragmatic problem-solver, superior interpersonal skills, strong negotiation skills, and capable of resolving multiple and complex issues and motivating colleagues and subordinates to peak performance. Highly organized, with outstanding communication skills, interacts easily with all personality types.My Core Competencies are:- Financial Management & Accounting- Budgeting, Financial Forecasting & Analysis- Human Capital Development and Competency Profiling- Statutory Audit & Forensic Investigation- IFRS Proficiency and GAAP Compliance & Auditing- Business Valuation & Due Diligence- Internal control design and management- Tax & Compliance Management- ERP, QuickBooks, SAGE & Peachtree application setup and ManagementMilestone Achievements:●Eliminated cash-in-transit risk by establishing an eWallet payment system with our bankers, for the monthly settlement of over N3 m volunteer stipends for 60 beneficiaries in Pulka and Monguno field locations in Borno State.●Established a financial and project reporting template for 4 of our partners for the delivery of quarterly and annual project reports including conducting project spot checks and capacity building.●Redesigned and realigning budget coding system for HO and donor budgets for ease of tracking, booking, and reporting within our ERP Application-Maconomy.●Designed a time-sheet template for tracking staff allocation to budgets and payroll preparation.●Facilitated the deployment of CUG sims for all NCA staff and deep filed volunteers for cost-effective communication.●Facilitated the Annual audit of Warri Refinery & Petrochemical Company-WRPC including stocktaking and SAP system audit.●Coordinated bank reconciliation analysis efforts and provided direction for the recovery of N487m excess bank charges from Union Bank Plc.
Primrose Development Company Limited
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Group Head Accounts And FinancePrimrose Development Company LimitedLagos, La, Ng
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Group Head Accounts & FinancePrimrose Development Company Limited Mar 2022 - PresentMarina, LagosFinancial Reporting and Management:- Prepare timely and accurate financial statements, including Income statements, balance sheets, and cash flow statements for the group.- Consolidate financial reports, and present key financial insights to the CEO, executive team, and group chairman.- Ensure compliance with relevant financial regulations and laws in real estate, banking operations, and foreign currency transactions to mitigate financial risks.- Develop and implement internal control procedures to safeguard company assets and ensure financial accuracy in all reporting.Financial Strategy and Planning:- Analyse financial risks and opportunities, making strategic recommendations to the CEO and group chairman to enhance profitability and mitigate potential threats.- Directly involved in complex real estate development transactions, and a key player in coordinating and synthesizing information for the cross-functional team responsible for securing, closing, and executing these projects.Budgeting and Forecasting:- Lead the annual budgeting process, providing accurate forecasts and financial projections to support effective decision-making for all properties in our asset portfolio.- Monitor and report on budget variances, investigate discrepancies, and suggest corrective actions.Taxation and Compliance:- Ensure compliance with federal and state tax regulations, working closely with external auditors and tax advisors.- Lead the preparation and submission of Company Income tax, Value Added tax, withholding tax, Transfer pricing, PAYE, Pension, NHF returns, ensuring accuracy and timeliness of remittances. Stakeholder Relations:- Collaborate with internal and external stakeholders, including auditors, tax consultants, vendors, and regulatory bodies to drive efficient financial operations and compliance.- Build and maintain strong relationships with banks, financial institutions, and investors to secure funding and negotiate favorable terms.
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Finance ManagerNorwegian Church Aid / Kirkens Nødhjelp Feb 2020 - Oct 2021Maiduguri, Borno, NigeriaAs the Finance Manager, I head the finance unit in NCA Nigeria Country Office. The role covers strategic management of the finance function, budgeting, reporting, partners, and donor and grant compliance, including providing direction for Head Office, donor and partners spot checks, and audit procedures. The role also coordinates with the supply chain management and logistics, ensuring compliance with procurement procedures.Leadership functions:● Member of Country Office Senior Management Team-SMT● Member of the Country Office Procurement Committee● Acting Head of Mission for 2 months● Acting Operations Manager for 10 monthsMy core responsibilities:●Oversee day-to-day financial management and accounting for the projects; maintain and manage financial accounts in coordination with Country Director.●Prepare and track project budgets and budget projections; reviews expense reports, vouchers, and payment requests, including proper back-up documentation to ensure compliance with established NCA and donor systems, rules, and regulations●Work with the Country Director, Head of Programs, and sub-sector Project Implementation Managers to develop annual budgets, projections, financial plans, costing estimates, and monthly cash forecasting●Oversee payments to vendors and contractors, consultants, and other relevant parties and ensure that proper documentation is present; tracks all tax withholding information.●Maintain complete, accurate, and timely financial records; prepare and submit monthly financial reports as required by Country Director and Senior Finance Advisor in Oslo.●Prepare and consolidate annual budgets for UNICEF, NMFA & UN-NHF and conduct quarterly budget reviews with budget holders and advise Senior Management Team (SMT) on budget performance and burn rates.●Supervise the procurement department in strategic guidance for the management of warehousing, procurement, fleet, and assets. Including regular reviews and updates of approved vendors list. -
Senior Financial Consultant & Audit ManagerGeorgeandrews + Partners Sep 2005 - Jan 2020Ikoyi, Lagos- Constructed financial models, performed sensitivity analyses and compiled final reports to deliver top-notch service to customers.- Determined financial and operational audit areas, providing most economical and efficient use of audit resources.- Identified audit risks, prepared budgets and coordinated with audit partners and audit team in preparing related reports.- Facilitated financial and operational audits, working with internal and external managers of the firm, to communicate recommendations or issues surrounding audits.- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.- Prepared working papers, reports and supporting documentation for audit findings.- Completed audit papers by thoroughly documenting audit tests and findings.- Identified management control weaknesses and provided value-added suggestions for remediation.- Analysed accounting systems for efficiency and effectiveness.- Proactively researched technical tax issues related to consulting projects.- Performed complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.- Directed multiple client accounting system conversions into web-enabled ERP, SAGE and QuickBooks financial platform.- Reconstructed accounting records from clients' bank accounts and cash receipts.- Drafted and reviewed financial statement compilations before approval by partners.- Supervised and coordinated 6 audits annually, supervising teams of 10 audit supervisors.- Filed annual Federal and State tax returns and prepared reports in compliance with required standards for clients.- Educated clients on various financial matters and provided professional recommendations on financial reporting and accounting services based on each clients' individual needs.- Generated financial statements and facilitated account closing procedures each month.
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Head Of Accounts & Business DevelopmentCompunethix Nigeria Limited Mar 2001 - Aug 2005Ikeja, Lagos- Improved brand awareness by monitoring all marketing campaigns and fostering acquisitions and business development.- Reduced budgetary expenditures by effectively negotiating contracts for more advantageous terms.- Set, enforced and optimized internal policies to maintain efficiency and responsiveness to demands.- Devised, deployed and monitored processes to boost long-term business success with optimal sales and profit levels.- Applied performance data to evaluate and improve operations, targeted to current business conditions and forecasted needs.- Evaluated suppliers to assess quality, timeliness and compliance of deliveries, maintaining tight cost controls and maximizing business operational efficiency.- Built loyal account base and long-term business relationships with distributor accounts.- Supported top-level decision-making and strategy planning, forging productive relationships with senior managers and serving as key advocate for various personnel issues.- Managed all purchasing, sales, marketing and customer account operations to ensure efficiency and performance.- Assisted with marketing strategy creation and advertising initiatives to better promote our products to the public.- Led business planning, developed market strategy and established direct procurement of products from OEM and local vendors.- Reduced financial inconsistencies while assessing and verifying billing invoices and expense reports.
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Head, Finance And AccountsComputerage Nigeria Limited Oct 1999 - Mar 2001Apapa, Lagos- Managed all areas of accounting, including accounts payable and receivable, general ledger management, banking reconciliations and monthly balance sheet statements.- Managed accounting operations, including journal entries, collection efforts, reconciliations and payroll processing.- Prepared financial statements, business activity reports, annual budgets and other records.- Established financial systems that affected all aspects of company operations.- Completed monthly payroll for company employees, including calculating taxes, pension, NHIS and leave allowances.- Supported change management by understanding and addressing impacts of new accounting policies, financial statement initiatives and non-standard transactions.- Implemented budget and expense controls and financial policies by analysing income and expenditures.- Addressed and resolved complex and unexpected variances.- Built and professionally developed a highly competent team of 2 account assistants.- Maintained cash flow by monitoring bank balances and cash requirements.- Performed field audits on a wide variety of internal cash and inventory operations.- Directed gathering of all required documentation and files for account audits and completed reviews.- Improved overall process for year-end inventory audits.
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AccountantDynamic Travels And Tours Limited Jun 1997 - Sep 1999Victoria Island, Lagos- Prepared monthly management accounts and financial statements, including profit and loss, balance sheet, journals, general ledger and trial balance- Prepared monthly payroll and filed all tax due.- Implemented budget and expense controls and financial policies by analysing income and expenditures.- Performed bank reconciliation and prepared a report of variances for management review and action.- Reviewed and migrated the company’s manual accounting system to Daceasy accounting software.- Designed corporate finance and fund management system that ensured payments to airlines for tickets were remitted as at when due.- Ensured proper transaction documentation for all company transactions including travel ticket invoicing, ticket refunds, sales receipts, payment vouchers and bank remittances.
Desmond Abollo Skills
Desmond Abollo Education Details
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Accounting And Finance -
The Institute Of Chartered Accountants Of NigeriaAccounting -
Federal Polytechnic Ilaro, Ogun StateAccounting
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Federal Polytechnic Ilaro, Ogun StateAccounting
Frequently Asked Questions about Desmond Abollo
What company does Desmond Abollo work for?
Desmond Abollo works for Primrose Development Company Limited
What is Desmond Abollo's role at the current company?
Desmond Abollo's current role is Group Head Accounts and Finance.
What is Desmond Abollo's email address?
Desmond Abollo's email address is de****@****rve.com
What schools did Desmond Abollo attend?
Desmond Abollo attended University Of Northampton, The Institute Of Chartered Accountants Of Nigeria, Federal Polytechnic Ilaro, Ogun State, Federal Polytechnic Ilaro, Ogun State.
What skills is Desmond Abollo known for?
Desmond Abollo has skills like Business Strategy, Entrepreneurship, Due Diligence, Management Consulting, Strategy, Start Ups, Financial Analysis, It Strategy, Hr Consulting, Mergers.
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