Francis Ogunlaja Mba,Fca

Francis Ogunlaja Mba,Fca Email and Phone Number

Group Financial Controller @ Vertex Software Corp.
Lagos, LA, NG
Francis Ogunlaja Mba,Fca's Location
Lagos, Lagos State, Nigeria, Nigeria
About Francis Ogunlaja Mba,Fca

Francis is a results-oriented financial executive with over 10 years of experience in Finance, specializing in strategic financial planning, budgeting, forecasting, financial reporting, compliance, and risk management. He has a strong track record of driving business growth, optimizing financial performance, and ensuring regulatory compliance. As a seasoned CFO, Financial Controller, and Finance Manager, Francis excels in developing and implementing financial strategies to maximize profitability and enhance operational efficiency.Francis has extensive experience working in the Finance Department of Airtel Networks Ltd, a multinational telecommunication company, for 6 years. His roles encompassed various departments, including General Ledger & Financial Reporting, Accounts Payable & Receivables, Tax & Fixed Assets. He actively participated in the annual financial planning and budgeting of the company, contributing to cost savings of over $10 Million. His achievements led to his induction as an Airtel Future Young Leader.As the Financial Controller at L5 lab, Francis played a pivotal role in establishing a robust structure in the accounting department through the implementation of policies and processes. He was instrumental in the committee that designed the model and structure for the 22 billion Naira Creative Industry Funds by CBN (CIFI LOANS). Notably, Francis successfully secured the first software engineering student loans in Nigeria through Sterling Bank, resulting in cash revenues of N2.5 billion from student loans through Sterling and Access Bank. Additionally, he played a key role in helping Decagon raise $2.mk in equity investment in 2022. Throughout these endeavors, Francis ensured a monthly reporting system to various subsidiaries' management for accountability and revenue growth enhancement.Francis's areas of expertise include Financial Strategy, Budgeting & Forecasting, Financial Reporting, Risk Management, Team Leadership, Financial Analysis, and Financial Modeling.

Francis Ogunlaja Mba,Fca's Current Company Details
Vertex Software Corp.

Vertex Software Corp.

View
Group Financial Controller
Lagos, LA, NG
Website:
vertex.com
Employees:
29
Francis Ogunlaja Mba,Fca Work Experience Details
  • Vertex Software Corp.
    Group Financial Controller
    Vertex Software Corp.
    Lagos, La, Ng
  • Vertex Software Corp.
    Financial Controller
    Vertex Software Corp. Oct 2020 - Present
    United States
    Preparing financial reports.Analyzing financial data.Monitoring internal controls.Preparing and filing tax reports such as ; 1120, 940/941, Sales tax, Franchise TaxOverseeing and preparing income statements.Participating in budgeting processes.Managing financial transactions.Streamlining accounting functions and operations.Developing plans for financial growth.Evaluating and managing risk.Coordinating audit processes
  • Decagon
    Financial Controller
    Decagon Mar 2020 - Present
    Nigeria
    Decagon is a software engineering institute ushering in a new phase of tech-powered growth and prosperity in Nigeria by training and deploying an army of leader-developers(Decadevs). By 2023, we aim to help transform Nigeria by training 5,000 world-class software engineers in Nigeria and placing them in jobs using the Pay-After-You-Earn model which creates access for brilliant but economically-disadvantaged youth. -Preparing financial statements, budget reports, forecasts, cost analysis reports, profit or loss statements, as well as making recommendations for spending or cost cuts.- Overseeing and monitoring an effective control environment and providing strategic information and advice to the management team.-Financial Modelling for Investors and management decision making.-Created a new finance department alongside setting up accounting policies, process and guidelines inline GAAP and accounting standards.Achievements-Successfully pitched to CBN bankers committee forum on Creative industry financing and was part of the committee that built the model and structure for the 22 billion naira Creative industry funds by CBN( CIFI LOANS).-Successfully signed and obtained the first software engineering student loans in Nigeria through Sterling bank.-Successfully brought in cash revenues from student loans through Sterling and Access Bank in the amount of N300 million.-Successfully raised $600k in equity investment All the above was done unless than eighteen months of launching decagon as a business
  • Africa Baby Care Limited - Babybliss
    Financial Controller
    Africa Baby Care Limited - Babybliss Feb 2018 - Feb 2020
    Nigeria
    BabyBliss is a fast-growing mom and baby business offering the best and largest collection of baby products for infants to toddlers from trusted local & international brands as well as products and services.With 4 stores located in Lagos and an Online Channel, BabyBliss provides shoppers with a variety of products that will take you from newborn to 3 years.-Preparing financial statements, budget reports, forecasts, cost analysis reports, profit or loss statements, as well as making recommendations for spending or cost cuts.- Overseeing and monitoring an effective control environment and providing strategic information and advice to the management team.-Financial Modelling for Investors and management decision making.Achievements- Assisted in driving revenue growth to 4X in the first year in business by starting and implementing a monthly reporting system to the management to ensure accountability and to drive improvement in revenue growth while advising on key areas the businesses should focus on and also areas to cut the cost to improve profitability.-Created a new finance department alongside setting up accounting policies, process and guidelines inline GAAP and accounting standards which provided proper accountabilty as well as dropping pilferage significantly by 90%
  • L5Lab
    Group Financial Controller
    L5Lab Jan 2018 - Feb 2020
    Lekki Lagos
  • Airtel Nigeria
    Senior General Ledger And Revenue Accountant
    Airtel Nigeria Dec 2015 - Dec 2017
    Lagos Nigeria
    • Ensure revenue and expenses are properly captured 100% within the reporting month with no loss of revenue while ensuring report is submitted in a timely manner.• Increased revenue growth by analyzing account and explaining month on month variations driving revenue and proposing action points that help top management in decision making.• Manage all International and Local Interconnect partners and increased the cash collection rate to 86% and ensure there are no additional Bad Debts by building strong relationships with the partners, Invoicing, treating request and reconciling statement of accounts in a timely manner. • Review and drive improvements in cash management by ensuring financial obligations are met in accordance with Company policies and procedures. • Ensure accuracy and integrity of the supplier sub-ledgers on the general ledger and ensure they are properly stated at all times by accurately and timely capturing and passing journal entries into appropriate accounts and ensure that all assets and liabilities are properly disclosed.• Built a strong relationship with partners by processing and ensuring that all payments are made to as at when due.• Analysis and Reconciliation of Balance Sheet Accounts.• Engage with auditors to answer questions in regards to control processes and account reconciliations.
  • Airtel Nigeria
    Accounts Payable Officer (Financial Reporting
    Airtel Nigeria Oct 2012 - Nov 2015
    Ikoyi, Lagos
    • Ensure timely preparation of all payments which includes cheques, bank instructions and Online transfers and weekly payment reports• Management & Reconciliation of Employees Advances and Claims alongside other petty cash processing.• Decreased cost growth by accounting analysis and explaining month on month variations driving Admin, VAS and S&D cost and proposing action points to help top management in decision making.• Monitoring and reporting of Company’s cash position on a weekly basis to keep track of the cash flow systems and ensure the liquidity of the company.• Resolved and Closed 98% of strategic vendors account open Issues within the first six months on job role by having regular reconciliation meeting and developing action plans and timely follow up until issues are resolved and closed and received a spot bonus award. • Achieved a cost savings of over Ten Million dollars ($10,000,000) through reconciliation of vendor statements of accounts which significantly helped the company reached its EBITDA target three years on a roll.• Built and fostered a good relationship with partners by receiving, verifying and processing invoices as submitted by partners and processed in timely manner. • Selected, Examined and Inducted as an Airtel Future Young Leader as a result of various work achievements and good ratings during the annual KPI.• Successfully planned and organized team building events for the Airtel Finance team which fostered a better relationship among the teams and rejuvenated them for the upcoming financial year.• Ensure accuracy and integrity of the supplier sub-ledgers on the general ledger and ensure they are properly stated at all times by accurately and timely capturing and passing journal entries into appropriate accounts and ensure that all assets and liabilities are properly disclosed.• Engaged with auditors to answer questions in regards to control processes and account reconciliations.
  • Airtel Nigeria
    Assistant Channel Accountant (Accoun Recivables)
    Airtel Nigeria Dec 2011 - Oct 2012
    Lagos Nigeria
    • Resolved all reconciliation issues of the 38 Airtel Showroom accounts across Nigeria and tutored the showroom supervisors and agents on how to maintain a clean showroom account.• Managed the smooth transition of Airtel Showroom accounts during cashless policy change over by assisting the showroom supervisors and zonal accountants in accurate postings and reconciliation of transactions and ensuring no loss of revenue.• Increased the Airtel showroom productivity by Liaising with shop supervisors and zonal accountant to ensure proper invoicing and timely posting of payment.• Stock valuation, count and records check: verification of actual stock quantity against System balance.• Maintained smooth and cordial relationship with Showroom Supervisors and Team members.

Francis Ogunlaja Mba,Fca Education Details

Frequently Asked Questions about Francis Ogunlaja Mba,Fca

What company does Francis Ogunlaja Mba,Fca work for?

Francis Ogunlaja Mba,Fca works for Vertex Software Corp.

What is Francis Ogunlaja Mba,Fca's role at the current company?

Francis Ogunlaja Mba,Fca's current role is Group Financial Controller.

What schools did Francis Ogunlaja Mba,Fca attend?

Francis Ogunlaja Mba,Fca attended Lagos Business School, Pan-Atlantic University, Iese Business School, Institute Of Chartered Accountants Of Nigeria (Ican), Madonna University, Nigeria.

Who are Francis Ogunlaja Mba,Fca's colleagues?

Francis Ogunlaja Mba,Fca's colleagues are Derek Benson, Collin Whitehead, Cherechi Orika, John Washbourne, Damilola Babalola, Oluwatobi Ijaware, Gbolahan Eniodunmo.

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