Folajimi Alaba Email & Phone Number

Lagos Nigeria

Responsibilities Include: Financial Planning/Budgeting- Coordination of the budgeting exercise to ensure its effective and timely conclusion.- Adoption and Implementation of the approved budget for performance measurement on regularly basis.- Ensuring that the annual budget is in congruent with the Bank’s short-term strategic plan.Management Accounting- Preparation of Management Accounts showing the basic financial statements required.- Preparation of report on the performance of the Bank indicating the Key Performance Indicators against the set targets and industry standard.- Presentation of the Bank’s performance report to Management on monthly basis and to Board on quarterly basis. External Reporting- Preparation of IFRS Financial Statements including the collation of information from the relevant departments and groups for the disclosures required under the IFRS.- Coordination of the audit exercise of the Bank by the Internal Auditors, External Auditors and Regulators.- Provision of information as required for the Bank’s rating exercises by the Rating Agencies.Other Responsibilities - Manage reporting team personal and development needs, provide first level appraisals & evaluation of team members.

Lagos, Nigeria

- Lead team to prepare daily, monthly, quarterly and annual financial Statements with 100% compliance rate- Coordinated financial and management reporting analysis for Executive management and the Board, identifying cost savings, loan loss trends and revenue insights- Provided expert financial input into the strategic decision-making by Executive management and the Board.- Coordinated reporting to all external reporting requirements including regulators, auditors and investors- Managed reporting team personal and development needs, provide, first level appraisals & evaluation of team members.- Coordinated Bank wide subject specialist trainings on IFRS matters- Developed IFRS reporting competencies across all the foreign subsidiaries- Acted as alternate to the other heads in the department – Regulatory reporting, Performance management and FINCON Operations.

Lagos, Nigeria

Team leader on various audit engagements for financial services clients, oil and gas transport services organizations. Responsibilities including the following:- Review and preparation of Financial statement in accordance with local and international accounting standards (International Accounting Standards (IAS), Statement of Accounting Standards (SAS) - Review of the client’s financial records and statement using applicable auditing standards.- Review of the client financial records in accordance with CAMA and other government regulations.- Generation of reports for audit purposes from the Account Payable, Operating expenses and Fixed Asset module on SAP.- Detailed testing of the client’s financial information and business transactions- Review of control systems, including control environment, risk management procedures, information systems and implementations and monitoring. - Identified significant risks and key control activities that relate to the client’s financial statement and developing audit procedure in addressing them- Develop recommendations for areas of improvement in client’s business processes, write reports documenting findings, and follow up on recommendations in prior year to ensure suggestions are implemented.

 Provide client support for Accounting software package (BUSY) Networking and Network cabling installation

 Controls testing and advising Quality Control/Internal Audit