Qudus Adebowale Balogun is the Principal Consultant at Iwelabi Consulting – A group of accounting and finance professionals focused on providing Accounting, Tax, Advisory, Review and Assurance, Management Consulting, and other professional services to discerning clients across the globe.Qudus currently leads the firm's overall Business and Financial Strategy, Business Development, Operational Efficiency, Client Management, and Risk Management among others. Qudus is a multifaceted young professional and a lifelong learner with over 8 years of progressive experience, a great record of accomplishments, and quality affiliations. He is a Chartered Accountant at the Institute of Chartered Accountants of Nigeria (ICAN), An Associate Member and Secretary to the Membership Committee of the Institute of Information Management (IIM) Africa. He is also an alumnus of one of the renowned Enterprise Development Centers in Nigeria, FATE Foundation. Qudus is an active young leader with a certificate in Organizational Leadership from the prestigious Harvard Business School Online.Talking of Leadership and Volunteering, Qudus currently serves in the following positions:Co-Founder/Mentor, Mentorship Corner International - A community that focuses on empowering young accountants in their professional life, academic, finance, technology adaptation, soft skills acquisition, and personal development. Founder, Career Development with Iwelabi(CDwI) – A Career and Human Capital Development virtual platform. Treasurer, Vibrant Girls Development Initiative (VGDI) – A Girl Child empowerment registered NGO. Co-Admin, Accountants World – A virtual learning hub for professional accountants.Professionally, Qudus has served in different capacities at different organizations. He has worked as an Audit Trainee, Junior Accountant, Internal Auditor, Operations/Financial Analyst, and Account Officer. Most recently, he progressed from Manager, Financial Planning and Reporting to Senior Finance Manager before assuming the role of Vice President of Finance & Admin at uLesson Education Limited.In an assessment report to Qudus from EY United Kingdom (UK), he has been described as a Self-Developer, Digital Architect, Virtual Collaborator, and an Adaptable Performer. Above all, Qudus holds a belief that "regardless of past experience and achievements, the best in him is yet to be unleashed."At leisure, Qudus enjoys taking classes, playing Scrabble, Tennis, and/or exercising with Karate Martial Art.
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Principal PartnerIwelabi ConsultingNigeria
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Principal ConsultantIwelabi Consulting Aug 2023 - PresentNigeria
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Co-Founder/MentorMentorship Corner International Jul 2022 - PresentNigeriaMentorship Corner (MC) is a growing community of young professional accountants with over 100 energetic and vision-oriented mentees from over 5 countries who are being mentored by the community co-founders in the person of Qudus Balogun ACA and Richard Okunola ACA. The community officially started running in September 2022 and graduated the first set of 50 mentees in June 2022. As at today, many of the mentees are now full-fledged professional accountants and gainfully employed in different companies. -
Head Of FinanceOrda Aug 2023 - Jun 2024Lagos / NairobiKey Responsibilities:- Team Leadership and Management- Treasury and Working Capital Management- Business Partnering and Investors Relations- Finance and Business Strategy - Finance OKRs and KPIs- Financial and Corporate Reporting- Group Accounting and Reporting- Annual Budgeting- Financial Planning and Analysis- Financial Management, Operations, and Control- Tax and Regulatory Compliance- External Audit and Risk Management - Technical Financial and Non-Financial Advisory -
Vice President - Finance & AdministrationThe Ulesson Group Jun 2023 - Jul 2023Key Achievements : - Supervised a team of 15 individuals in the management of the uLesson K12 business, valued at more than $40 million. Streamlined business and financial operations while achieving exceptional financial results through the implementation of process automation that expedites decision making across major teams, like Product, Marketing, Engineering and Sales.- Contributed significantly to the organization's first-ever positive net operating cash flow position through the implementation of efficient working capital management, cost and budgetary control measures, timely financial data provision for informed management decision-making, and accurate reporting of group entities.- Leveraging trend data and timely management reporting, strategically negotiated a 79% reduction (from a monthly average of N350,000 to N75,000) in the account maintenance fee charged by the company's principal banker. -
Senior Finance ManagerUlesson Education Nov 2022 - May 2023Abuja, Federal Capital Territory, NigeriaKey Achievements:- Supported the Vice President of Finance and Admin to manage the team’s OKR. Achieved all set OKRs for Q1 2023, including ensuring timely submission of monthly management reports; keeping overall company's spend, as well as finance & admin's spend within budget, and prompt payment and filing of all statutory and regulatory remittances.- Prepared the company's 2023 annual budget with a focus on achieving its first-time positive cash flow position during the year. Collaborated with departmental team leads to reduce overhead expenses, as well as provided guidance on strategic budget allocation for the period.- Collaborated with Senior VPs and VPs of the company to prepare a 5-year financial projection and model for the company's proposed Online Open University, a new business line worth over $100m.- Efficiently contributed to facilitating a N200m bank guarantee to secure the National University Commission’s license for the firm’s proposed university by leveraging strong relationships with bankers to obtain the guarantee under 48 hours instead of the standard 5 working days.
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Manager, Financial Planning And ReportingUlesson Education Mar 2021 - Nov 2022Abuja, Federal Capital Territory, NigeriaKey Achievements:- Efficiently managed a team of 4 to carry out the firm's 2020 and 2021 FY audit with PwC Nigeria. Attended to audit queries, responded to management letter, and prepared the company's Annual Financial Statements in both NGN and USD. Thus, saved a minimum of NGN4m at cost.-Contributed to the successful filing of the firm's Annual Tax Returns by reviewing the tax computations of the consultant (EY Nigeria) and suggesting necessary adjustments. Also, contributed to the process of the IP Valuation of the company.-Successfully contributed to and managed the first time preparation of the firm's parent company management account (uLesson Inc. Delaware). Also, managed the first time preparation of the firm's Consolidated Management Account (taking the impact of IFRS 2 on Share Based Payments and IFRS 10.-Led the process of implementing additional financial reporting metrics including Sales by country, channels, users grade, etc. In addition, managed the monthly management reporting.-Successfully contributed and played a strong role in the firm's $15m Series B Financing Activities. Prepared 5 years financial projections; managed and contributed significantly to the Due Diligence exercise (including, FDD, TDD and LDD) with KPMG China, KPMG Nigeria and Aluko & Oyebode , and efficiently coordinated the uploading and referencing of files within the Data Room.-Supported the African Expansion Team Lead to come up with a suitable Financial Model and Plan for his presentation on the South Africa expansion plan execution. -Successfully reviewed uLesson's Mauritius 2019 and 2020 Financial Statements.-Suggested and facilitated the firm's regulatory compliance process including (NHF,PAYE,ITF,etc).-Suggested and initiated accounting and booking posting approval process as a form of financial and internal control mechanism.
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1:1 Chat Tutor - Financial Accounting And Business StudiesUlesson Education May 2022 - Oct 2022Abuja, Federal Capital Territory, NigeriaDelivering high quality 1:1 tutoring service to the firm's clients.
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Co-Founder/CfoFarmignite Mar 2018 - Feb 2021Lagos, Nigeria.- Serving as Chief Financial Officer, Business Partner and CEO's wingman;- Formulation of overall strategies alongside the CEO and other members of the board;- Communicating effectively on execution of individual department's (including Marketing, IT, HR, Operations) strategies.- Taking leadership position in execution of general management duties;- Making figures of marketing traction;- Responsible for budgeting and forecasting;- Working Capital Management;- Carry out analysis on financial records and provide management with financial information;- Responsible for preparation of monthly management reports and annual financial statements.Achievements:Prepared financial analysis for the start-up to compete in an international competition and won a 5,000EUR grant.Saw the business through a partnership phase to a Limited Liability company status.Led a team of nine (9) in preparing and presenting the company 2019 year-ended financial statements. -
Financial AnalystFsdh Asset Management Apr 2019 - Nov 2019NigeriaWorked directly with the Financial Controller in executing the following tasks:- Clients portfolios management, valuations and reporting (including valuation of treasury bills, bonds, etc).- Bank analysis and portfolios reconciliation of multinational and leading companies like Shell, Schlumberger, Notore, etc.- Management of mutual funds of the company (including preparation of Funds quarterly financial statements and annual financial statements).- Journal entries and management of general ledger (including the creation of new account heads).- Preparation of company's monthly, quarterly, semi-annual and annual financial statements.- Preparation and submission of the Securities and Exchange Commission (SEC) weekly, monthly and quarterly reports.- Suggestion of new work methods and techniques to facilitate financial control processes. -
Account OfficerFlorahomes Global Consult Ltd Dec 2018 - Feb 2019NigeriaI headed the Account Department of the company and thus carried out the following key responsibilities:- Provision of Financial advice to the board of the company.- Preparation of annual financial statements.- Preparation of annual budget.- Prepare and process payroll- Computation of Taxes.- Responsible for setting out accounting policies and internal control policies.- Critical analysis of proposed investments.- Analyzing and reconciling bank statements.- Keeping of overall books of account.- Recording of daily transaction with accounting software.- Creation of formats to keep accounting activities and other related accountancy assignments. -
Internal AuditorTee One Ventures Limited Key Distributor Of Reckitt Benckiser Limited May 2018 - Aug 2018Nigeria- Worked side by side with the Internal Control Manager.- Drafted internal audit procedures and plans.- Recommended and maintained internal control policies.- Visitation to all branches at a regular interval for proper adequacy in internal control.- Suggested ways to better improve the quality of executing internal audit assignments.- Proffered solutions to deficiencies noticed from branches around bookkeeping and financial control. - Ensured safeguard of the company’s assets and that the company’s operations are carried out efficiently and with effectiveness.- Conducted physical stock counts for branches and vans reconciliation.- Introduced a costs reduction strategy and efficient utilization of the company’s assets.
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Junior AccountantTee One Ventures Limited Key Distributor Of Reckitt Benckiser Limited Apr 2017 - Apr 2018Nigeria- Reconciliation of Sales Reps accounts- Managed all petty expenses while ensuring proper authorization- Supplied the Chief Accountant and the Internal Auditor with daily reports- Full engagement and participation in moving-forward policies formation- Key Performance Officer (KPO)
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Audit TraineeOladele Oluleye And Co. (Chartered Accountants) Feb 2016 - Nov 2016NigeriaAn auditing firm that offers various accountancy professional services such as Audit, Accounting, Taxation, Secretarial service, and other management services.Responsibilities:- Worked hand-in-hand with the managing partner of the company- Participated in carrying out audit assignments- Participated in preparation and review of final accounts and audited financial statements- Participated in secretarial work (registration of business name and company incorporation with the C.A.C)- Remittance of all sorts of tax returns (VAT, CIT, EDT, WHT, etc.) to appropriate tax offices- Attend to all sorts of minor issues raised by Tax Authority in favor of company’s client
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Operations ManagerTitbits Communication Nigeria Limited Jan 2011 - Sep 2013NigeriaTitbits Communication Nigeria Limited is a business communication centre (Cyber Cafe) which offers various communication services including Internet Browsing, Large and Corporate Printings among others.Responsibilities:- Worked as a cyber café attendant- Monitored the day to day running of the business- Prepared the daily accounts of the business- Provided IT services to customers- Helped the C.E.O with large and corporate printing services to customers
Qudus Adebowale Balogun Skills
Qudus Adebowale Balogun Education Details
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Complete -
Complete
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Distinction -
The Federal Polytechnic Ilaro, Ilaro Ogun State.Upper Credit (3.44/4.0)
Frequently Asked Questions about Qudus Adebowale Balogun
What company does Qudus Adebowale Balogun work for?
Qudus Adebowale Balogun works for Iwelabi Consulting
What is Qudus Adebowale Balogun's role at the current company?
Qudus Adebowale Balogun's current role is Principal Partner.
What schools did Qudus Adebowale Balogun attend?
Qudus Adebowale Balogun attended Harvard Business School Online, Harvard Business School Online, International Open University, The Federal Polytechnic Ilaro, Ilaro Ogun State..
What skills is Qudus Adebowale Balogun known for?
Qudus Adebowale Balogun has skills like Accounting, Auditing, Management, Financial Accounting, Financial Reporting, Taxations, Microsoft Excel, Microsoft Word, Microsoft Powerpoint, Tally Erp, Financial Audits, Public Speaking.
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