Segun Taiwo Email and Phone Number
It all started at my mother's retail store. As a child, I would go through her cash register, and try to make sense of her daily sales report. How much was sold, how much each item cost, how much profit was made at the end of the day. This fondness for structure and order led me down the path towards accounting.I kick-started my career as a finance officer at TSL, a large logistics company. In this role, I worked on managing their accounts receivable and maintaining the general ledger. This experience honed my skills, and I was able to reduce the accounts receivable turnover ratio.Fast forward to today, I have spent over a decade in financial reporting, FP&A, tax management, and corporate finance. My professional experience stretches from the private sector to the public service. I worked as the Senior Accountant at Daystar Power Group (a renewable energy company fully owned by Shell Global) and Bestaf Technologies (a software development start-up), where my skills were instrumental in driving business growth. My primary responsibility was to oversee the company's global financial reporting and streamline key financial processes. I excel in creating comprehensive financial models that forecast business trends and inform strategic decisions. My approach is proactive: I anticipate financial challenges and opportunities, ensuring that businesses are well-positioned for future success. I take pride in my ability to translate complex financial data into actionable insights for stakeholders at all levels. One of my most memorable achievements was driving the cost-saving initiative program at TSL which resulted in the decline of operating cost to revenue by 15%.Beyond my work, I'm a dedicated mentor to up-and-coming accountants, sharing my knowledge to cultivate a new generation of financial experts.If you'd like to discuss Financial Analysis or the Energy Sector, feel free to reach out to me.Skills: Financial Modeling, Financial Reporting, Bookkeeping, Business Intelligence, tax planning, Budgeting and Project Finance.
Nigerian Electricity Regulatory Commission (Nerc)
View- Website:
- nerc.gov.ng
- Employees:
- 353
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Finance And Accounts ManagerNigerian Electricity Regulatory Commission (Nerc)Nigeria -
Finance & Accounts ManagerNigerian Electricity Regulatory Commission (Nerc) Jun 2023 - Present- Prepare the Commission's Annual Financial Statements as well as Consolidated Management Reports.- Optimize the Commission's Fixed Asset Management & Reporting process.- Develop & implement financial policies & procedures, resulting in improved compliance & reduction of financial risk. -
Senior AccountantDaystar Power Group Nov 2022 - May 2023- Prepared group consolidated financial statements in accordance with international financial reporting standards (IFRS).- Led DPG team across Nigeria, Ghana, Togo, Senegal and Mauritius entities on financial reporting and ensured IFRS compliant financial statements.- Performed periodic analysis of business performance using relevant key performance indicators (KPIs).- Developed Discounted Cash Flow (DCF) Valuation Model for investments and analyzed financial reports. - Reviewed and recommended improvements to accounting systems for optimal efficiency. -
Senior AccountantBestaf Technologies Limited Jul 2021 - Nov 2022• Provided expertise and led subtasks ad hoc projects for cross – functional teams.• Prepared and reviewed financial reports and monthly fluctuation analysis.• Revamped the company’s accounting system for seamless merchant settlement processing & agency banking.• Performed Internal Control Risk Assessment and monitored the implementation of established action plans.
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Financial Planning And Analysis ManagerTransport Services Limited (Tsl) Sep 2019 - Jul 2021Budgeting and Forecasting:• Coordinated the company’s budget process.• Reviewed department budget with various managers for accuracy and completeness.• Provided periodic reports on budget variance/sensitivity analysis with recommendation.• Acted as an advisor to department managers in formulating their budget submissions• Maintained organization-wide budgetary policies and procedures manualFinancial Analysis:Prepared quarterly & yearly Board Reports for Board meetings.Prepared periodic financial analysis which specifically cuts across:• DuPont analysis• Capex and investment appraisal• Profitability (Truck and contract)Business Processes and Project accounting;• Designed Project financial planning and analysis• Monitored and evaluated internal control systems that may affect financial results.• Developed and maintained financial database for both internal and external information.• Developed Pricing templates for contracts.GL Reporting & Financial Reporting:• Coordinated monthly G/L close-out and prepare monthly financial reports.• Coordinated the audit process till the issuance of Audited financial statement.• Prepared journal entries related to assigned functional responsibilities.Tax:• Managed all tax audits and eventually its resolution.• Ensured timely and accurate remittance and filing of all monthly tax returns/payments.• Provided internal tax advisory services to business divisions and departments to ensure tax efficiency• Led the Tax planning process and ensured tax liabilities and exposures are minimized. -
Assistant Treasury ManagerTransport Services Limited (Tsl) Jan 2016 - Sep 2019Lagos, Nigeria* Prepared consolidated cash flow forecasts with focus on upcoming financing needs and related internal investment.* Performed day to day treasury functions, including bank reconciliation, vendor payment and payroll.* Maintained key relationship with banking institutions and internal customers.* Monitored company’s foreign exchange transactions and analyze FX risks.*Managed the enterprise daily imprest system.* Coordinated working capital management activities with all divisions and regions.* Managed the company's debt facilities. -
Accounts Receivable OfficerTransport Services Limited (Tsl) Aug 2014 - Dec 2015Lagos, Nigerai• Reconciled daily accounts receivable and data entry of all payments received from various customers.• Ran a quarterly, monthly, weekly and daily reports as needed to monitor external and internal conditions of the company's revenue.• Prepared weekly debtors aging report with the aim of tracking company's debt.• Supervised all customer’s account balances.• Prepared invoices and maintained company's billing system.
Segun Taiwo Education Details
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Finance, General -
Accounting
Frequently Asked Questions about Segun Taiwo
What company does Segun Taiwo work for?
Segun Taiwo works for Nigerian Electricity Regulatory Commission (Nerc)
What is Segun Taiwo's role at the current company?
Segun Taiwo's current role is Finance and Accounts Manager.
What schools did Segun Taiwo attend?
Segun Taiwo attended University Of Lagos, Adekunle Ajasin University.
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