Timothy Obafemi Email & Phone Number

Lagos, Nigeria

Lagos, Ng

Main Achievements:  Significant role-play in the deployment of a Risk Management Analysis System (RMAS) for regulatory reporting. Team lead in the implementation of the IBS Moneytor Plus fund & investment management application software. Developed new policies and reviewed existing procedures to establish clear transaction processing workflows for financial activities.Main Responsibilities: Budgeting activities of the company, including cost control and performance measurement Cash call and expenditure reconciliations with the company’s sponsor Work significantly with external contacts such as vendors, relevant tax authorities, statutory auditors, internal auditors, group auditors, and manage the work processes involved in dealing with these entities Prepare IFRS annual financial statements (for the Company & the Pension Funds) Responsible for the revision and update of Accounting Procedure, Intercompany Reconciliation Procedure and other existing procedures governing Finance and Operations. Maintain proper books of account by ensuring that daily transactions are recorded using both the accounting & investment module of the Fund’s software Preparation of Monthly, Quarterly, and half yearly & annual fund valuation Forecasting upcoming payment needs of the Company; providing adept analysis of the bank balance vis-à-vis the forecasted payments to ensure adequate funding by the sponsor and Cashflow management. Work with cross-functional teams in simulating & monitoring investment placements within the fixed income and money market space, for optimal revenue generation.

Abuja, Ng

Main Achievements:  Saved circa NGN60m annually in tax remittances by maximizing the company’s use of tax incentives, optimizing credits and applying tax planning techniques.  Introduced automated payment processing for branches & divisions, thereby reducing service time by about 50%, and eliminating the chances for sanctions that may cost the company over 31% on default sums.  Decreased month end closing reporting time 35% by building spreadsheet models that map process and data flow between main reports and sub-notes, thereby increasing the efficiency of reporting and analytics to management & boardKEY RESPONSIBILITIES:* Preparation of IFRS compliant Annual Financial Statements on the Company accounts. * Preparation of IFRS compliant Annual Financial Statements on the Fund accounts (Pension contribution).* Timely preparation of accurate Management Accounts & Performance Dashboards* Cashflow management* Performance Analysis for Business Divisions, Regions & Branches* Business process improvement* Revenue collection & monitoring* Company-wide Tax management with FIRS & SIRS* Budget building, execution & monitoring* Experience with Big-4 Auditors (Work in tandem with External auditors to complete interim & annual audits within stipulated timeframes)

Abuja, Ng

Main Responsibilities/ Achievements:* Maintenance of Fixed Assets Register & Inventory* Coordinating payments & ensuring prompt settlement of financial obligations * Zero error rate attained in capturing of all payments vouchers such that up to date report can be generated real time * Monthly preparation & circularization of accurate Departmental & Branch cost statements * Weekly Management reports for Executive Management Committee meetings* Reconcile all taxes and ensure accurate remittance within stipulated time line* Follow -up & collection of WHT credit notes within 2 Months max, after remittances are made* Budget monitoring & Control to ensure strict compliance with spending limits* General Ledger Maintenance - Including Accounts Receivables/ Payables, Retirements & Advances* Payroll accounting & reconciliation* Bank reconciliations

Abuja, Ng

 Accounting for Funds under management (circa NGN 300 billion), including Retirement Savings Account (RSA funds), Defined Benefit Schemes (DBS) and other Federally Approved Existing Schemes (AES). Calculation of distribution funds (Portfolio NAV & accounting units)  Reconciliation of Fund General ledgers (GL) Preparation of Final accounts & periodic fund returns on the funds under management (FUM). Periodic reporting to regulators, fund owners & trustees. Daily/ Monthly rendition of RMAS & PenRRS to PenCom (Pension Commission). Daily reconciliation of Portfolio Valuation of Funds under Management against the position of Pension Fund Custodians.  Petty cash management. Preparation of Investment Instructions on Fixed Deposits, Bankers’ Acceptance, Commercial Papers, FGN & State Gov’t Bonds. Liaison with Banks & Counter Parties

Lagos/ Kaduna, Nigeria

* Customer Service Representative* Funds Transfer Officer* Operations Teller* Clearing Service Representative* Cash Service Officer

Akure, Nigeria (Nysc)

 Implementation team on the computerization of Ministry Payroll system using ePASS. Preparation of Bank listing to facilitate payment of Personal emoluments. Preparation of draft salary vouchers. Computation of other charges (Tax, Loans, Allowances), Variation Control. Other functions as assigned by Supervisor

Master'S Degree, Managerial Psychology, Credit

Managerial psychology will enhance your clarity of thought, and knowledge of the possibility and limits of application of psychology.

Professional Masters (Mba), Finance, Credit

Activities and Societies: Being part of an Alumni that is making impact to lives within the community is a fulfilling experience

Bachelor'S Degree, Accountancy, 2Nd Class (Upper Division)

Activities and Societies: Volunteering Services, Music & Theatre arts