Ernest Arah  Aca, Mba

Ernest Arah Aca, Mba Email and Phone Number

Director of Finance And Operations @ ValueMarts Nylons & Consults
Nigeria
Ernest Arah Aca, Mba's Location
Nigeria, Nigeria
About Ernest Arah Aca, Mba

Highly skilled and accomplished Financial Reporting Expert with extensive experience in providingstrategic leadership and guidance in financial reporting, budget analysis, tax compliance, and processcontrol.Proficient in ensuring adherence to regulatory requirements and accounting standards while preparingand reviewing financial reports for various regulatory agencies. Possess a keen eye for detail and astrong ability to analyze financial data, resulting in accurate and timely reports. Demonstrated expertisein establishing efficient expenditure justification frameworks, optimizing resource allocation, and drivingprocess efficiency.Exceptional interpersonal and communication skills, enabling effective collaboration with cross functional teams and senior management. Adept at using Microsoft Office applications and specialized banking software, including Finacle core banking and V-box IFRS applications.

Ernest Arah Aca, Mba's Current Company Details
ValueMarts Nylons & Consults

Valuemarts Nylons & Consults

View
Director of Finance And Operations
Nigeria
Employees:
1
Ernest Arah Aca, Mba Work Experience Details
  • Valuemarts Nylons & Consults
    Director Of Finance And Operations
    Valuemarts Nylons & Consults
    Nigeria
  • Fsdh Merchant Bank
    Head, Financial Reporting
    Fsdh Merchant Bank Feb 2023 - Present
    Lagos State, Nigeria
    As the Head of Financial Reporting, I provide leadership, guidance, technical expertise, and team coordination to the Finance team in the management & financial reporting, financial statements preparation, budget analysis and tax compliance and reporting, as well as process control. I am responsible for carrying-out end-to-end financial (management, regulatory, statutory) reporting and compliance for FSDH Merchant Bank and assist the Financial Controller in ensuring the that the division is effective and well managed.I review relevant regulatory reports for the CBN, NDIC and SEC, as required and also am accountable for integrity and timeliness on all regulatory and management reporting requirements.I drive engagement within the finance team ensuring compliance with reporting standards on existing and new products.I support the Financial Controller with respect to coordination and follow up on all regulatory and external audits, ensuring adherence to accounting standards in Nigeria and to IFRS. I collaboratively develop operating policies and procedures, improvement programs and management systems for the attainment of objectives of specific projects for the Finance division. I am responsible for preparation of periodic management reports and analyses as required to support business decisions.I work closely with business, IT and other support areas to design and implement robust management information systems for product and portfolio reporting.I coordinate the preparation of the Fixed Assets and movement schedule ensuring the integrity and completeness of the bank’s fixed assets.
  • Fidelity Bank Plc
    Ag. Head, Financial Reporting
    Fidelity Bank Plc Jun 2021 - Feb 2023
    Lagos
    Oversee the preparation of quarterly, half-yearly, and year-end financial reports for the bank, ensuring compliance with financial and reporting policies, statutory, and regulatory requirements.Coordinate the bank's audit exercises by various regulatory bodies, including the CBN and NDIC.Manage the rendition and filing of relevant reports to regulatory authorities, ensuring full compliance with statutory and regulatory requirements.I was in charge of all regulatory issues, maintaining strong liaisons with regulatory bodies to safeguard the bank's interests.I conducted the financial analysis of actual results against budget/forecast, applying industry accounting guidance, and ensuring financial statements adhere to standards.I led the team for the GCR & Agusto rating exercise conducted in the bank.Reviewed the Management Accounts and CBN returns prepared by direct reports, ensuring accuracy and adherence to internal controls.
  • Fidelity Bank Plc
    Team Lead, Financial Reporting
    Fidelity Bank Plc Jun 2014 - May 2021
    Lagos
    I conducted Quarterly Performance Review of SMEIS equity partnership investments and other unquoted long-term investments, generating reports on a quarterly basis.Performed systematic and procedural review of general ledger line postings from all branches to ensure data integrity, generating weekly reports.Prepared and reviewed monthly financial (FINA) reports for CBN and other regulatory agencies.Ensured timely submission of daily, monthly, and quarterly reports to regulatory agencies as required
  • Fidelity Bank Plc
    Financial Reporting Analyst
    Fidelity Bank Plc Apr 2012 - May 2014
    Lagos
    I prepared the daily, weekly, monthly, quarterly, and semi-annual financial (FINA) reports for CBN and other regulatory agencies.I ensured timely rendition of daily, monthly & quarterly reports to regulatory agencies - CBN, SEC, NSE. This is a major KPI.I worked with the finance team in engaging with external auditors and regulatory agencies in respect of statutory audits and bank examinations. I managed the Quarterly Performance Review of SMEIS equity partnership investments and other unquoted long-term investments – reports are generated quarterly. I managed the General Ledger Review for data integrity – systematic and procedural review of general ledger line postings from all branches with a view to ascertaining appropriateness - reports are generated weekly. I maintained Strategic Partners’ Relations Database for addressing the requests of Rating Agencies eg GCR, Agusto & Co.
  • Fidelity Bank Plc
    Team Lead, Cost Management
    Fidelity Bank Plc Sep 2009 - Mar 2012
    Lagos
    Implemented a disciplined expenditure justification framework to eliminate waste and improve process efficiency. This resulted in savings of over NGN30M annually from procurements.Supported operating units with better-informed costing statistics to drive strategic decision-making.Established a basis for relating operating expenses to budgets, effectively using cost budget figures to drive business initiatives.Coordinated all expenditure approval and payment activities of the bank, ensuring efficiency in theprocess.Centralized responsibilities for Fidelity's expenditure monitoring and control to maximize value andoptimize resource allocation.
  • Fidelity Bank Plc
    Branch Resident Auditor
    Fidelity Bank Plc Oct 2007 - Sep 2008
    Lagos State, Nigeria
    Enforced strict compliance with company policies and procedures among branch staff duringtransaction processing.Acted as a vigilant overseer, ensuring all processes and transactions strictly adhered to guiding rules on behalf of Management.Prepared and communicated Branch Activity reports to the Management through the Group Head, Internal Audit
  • Landover Company Limited
    Head Of Internal Audit
    Landover Company Limited Apr 2005 - Aug 2007
    Lagos State, Nigeria
    I developed comprehensive Audit manuals for the organization.Maintained rigorous adherence to company policies and procedures across all departments.Conducted thorough analytical reviews of Audit exercises conducted by subordinates.Undertook special investigations as assigned by the Management.Participated actively in Management meetings to discuss Company-wide issues and offer strategicsolutions.

Ernest Arah Aca, Mba Education Details

Frequently Asked Questions about Ernest Arah Aca, Mba

What company does Ernest Arah Aca, Mba work for?

Ernest Arah Aca, Mba works for Valuemarts Nylons & Consults

What is Ernest Arah Aca, Mba's role at the current company?

Ernest Arah Aca, Mba's current role is Director of Finance And Operations.

What schools did Ernest Arah Aca, Mba attend?

Ernest Arah Aca, Mba attended Lagos State University, Institute Of Management & Technology (Imt), Dennis Memorial Grammar School.

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