OLUBUNMI ISRAEL EFUNGBENLE
Belfast
Summary
I am an accomplished and energetic Accountant with a solid history of achievements in Management Accounting, Treasury Operations and Financial Accounting. My area of expertise includes but not limited to strong analytical and quantitative skills, good reasoning and knowledge of relevant accounting and financial tools.
Experienced with fund accounting, financial reporting, and compliance. Utilizes analytical skills to ensure accuracy in financial statements and adherence to regulations. Knowledge of managing complex financial operations and collaborating with teams to achieve organizational goals.
Finance professional equipped to handle intricate fund accounting responsibilities. Known for executing accurate financial reports and ensuring compliance with industry regulations. Team-oriented with focus on delivering reliable results and adapting to evolving financial landscapes. Proficient in financial analysis and regulatory compliance, essential for maintaining high standards.
Overview
8
8
years of professional experience
1
1
Certification
Work History
SENIOR FUND ACCOUNTANT
OCORIAN FINANCIAL SERVICES UK LTD
08.2024 - 01.2025
- Responsible for the planning and preparation of financial reports for a portfolio of funds, ensuring reporting deadlines are met and the delivery of client accounting requirements are in compliant with the Company's contractual obligations
- Develop an understanding of all entities within the fund structure, the nature of their transactions and reporting requirements
- Ensure that current accounting standards (UK GAAP, IFRS or US GAAP) and best practice principles are applied to the accounts production process and kept current as such standards and principles develop
- Establish and set up reporting for new funds based on fund documents and client reporting requirements
- Provide guidance and support to administration team to ensure that the bookkeeping and accounting arising from transactions are performed in a timely and accurate manner
- Calculate Net Asset Values in accordance with individual funds' requirements
- Liaise with clients and other professional advisers to agree timetables for the production of accounts
- Attend board meetings and other client meetings to present accounts and discuss accounting related matters
- Liaise with auditors to ensure the timely completion of audits for fund and fund related entities
- Ensure that regulatory and statutory reporting requirements are met
- Ensure that continuing obligations of stock exchange listed entities are met in so far as they relate to the financial accounting responsibilities
- Contribute to the training, development and performance appraisal of the accounts team by maintaining quality control measures and seeking to constantly improve departmental and individual performance
- Ensure the Company's policies and procedures are used and adhered to within the accounts team and to be part of the continuing development of those policies and procedures
- Assist, where applicable, in the production of proposals for new business opportunities and in compiling the fee quotations for such opportunities
CLIENT ACCOUNTANT
IQ-EQ UNITED KINGDOM
10.2022 - 07.2024
- Oversee the preparation of quarterly and annual Financial Statements for all funds
- Presentation of Financial analysis during the Board meeting
- Oversee day-to-day investment accounting for clients and always maintain excellent relationship with the client
- Review and ensure quarter-end report are provided as per the fund LPA
- Review and ensure eCDF are filed annually for all Fund General Partners GPs
- Ensure that quarterly NAV Pack are provided to AIFM as required
- Review accrued, interest income, management and administrative expenses and adjust when required
- Provide support for accounting month end close
- Maintaining fund and acquisition vehicle general ledger and trial balance
- Perform review of weekly cash reconciliations for fund bank accounts
- Review quarterly and annual fund financial statements
- Review investor capital call and distribution calculations
- Review of capital calls, distributions, management fees, income and expense accruals
- Allocation of income in accordance with the terms of the fund agreements
- Review and ensure that year-end financial statements are free of material misstatements
- Engage with the Funds Auditors to ensure smooth year-end audit exercise
Deputy Director of Finance
Marriott International (Sheraton Abuja Hotel)
01.2020 - 08.2022
- Ensure monthly account closing are completed without material error within the timeline
- Prepare Financial Statements in Compliance with the International Reporting Standard
- Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts)
- Ensure that Balance sheet figures are reconciled on a monthly basis and that supporting documents are properly filed
- Ensure that Bank Reconciliations are completed for all the banks Accounts monthly
- Monitors all taxes that apply
- Assist in preparing the annual operating budget for the company
- Provides analytical support during budget reviews to identify cost saving and productivity opportunities for management
- Ensure good Cash flow Management and prepare cash flow forecast
- Assists in the implementation of a system of appropriate controls to manage business risks
- Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability
- Oversees internal, external and regulatory audit processes
- Reviews audit issues to ensure compliance
- Verify the accuracy of all journal vouchers before they are posted, obtain Director of Finance approval and file in an orderly manner
- Ensure that month end inventories are counted on a timely basis prior to the monthly closing of all the stores and discrepancies are verified and forwarded to DOF for further action
- Ensure that tax payments are properly computed and remitted on a timely basis together with the necessary forms and documents to avoid penalties
Financial Accountant
Golden Tulip Hotel Festac
09.2016 - 12.2019
- Prepare, examine and analyze accounting records, financial statements and other financial reports
- Assess accuracy, completeness and conformance to reporting and procedural standards
- Responsible for improving and maintaining the financial standing of the company
- Assist to determine financial strategy and policy, arranging the appropriate funding and managing financial risks in the organization
- Ensure the company has the cash and liquidity to meet its obligations, be involved in securing credit from banks and other sources, tax and compliance matters
- Be an official point of contact for all financial matters and one of the authorized signatories on some financial documents
- Reviews and agrees all related party transactions within the company and as well as ensuring proper treatment of these transactions in the company's books
- Reviews and ensure integrity of all financial information before postings
- Liaise with company's insurance brokers on procurement of insurance policies, claim processes and renewal of insurance policies
- Ensure that all statutory payments are remitted as and when due such as WHT, VAT, Consumption Tax, NSITF and PAYE remittances
Education
Master of Business Administration - Finance & Investment
Ahmadu Bello University
11.2020
Higher National Diploma - Accounting & Finance
Kaduna Polytechnic
04.2004
Skills
- Highly flexible
- Innovative
- Cost conscious
- Advanced in strategic thinking
- Strong initiative
- Leadership skills
- Full attention to details
- Strong analytical skills
- Quantitative skills
- Multi-tasking
- Ability to meet deadlines
- Knowledge of relevant accounting and financial tools
- Financial statements
- Accounts payable and receivable
- Data entry
- Financial process improvement
- Payroll processing
Certification
- Institutes of Financial Accountant (UK)- AFA MIPA - 2024
- Institute of Public Accountant (Australia) – IPA 2024
- Institute of Chartered Accountant of Nigeria – ACA 2016
Academic Certificates
- Master of Business Administration, Finance & Investment, Ahmadu Bello University Zaria, Nigeria, 11/01/20
- Higher National Diploma, Accounting & Finance, Kaduna Polytechnic Kaduna, Nigeria, 04/01/04
Timeline
SENIOR FUND ACCOUNTANT
OCORIAN FINANCIAL SERVICES UK LTD
08.2024 - 01.2025
CLIENT ACCOUNTANT
IQ-EQ UNITED KINGDOM
10.2022 - 07.2024
Deputy Director of Finance
Marriott International (Sheraton Abuja Hotel)
01.2020 - 08.2022
Financial Accountant
Golden Tulip Hotel Festac
09.2016 - 12.2019
Higher National Diploma - Accounting & Finance
Kaduna Polytechnic
Master of Business Administration - Finance & Investment
Ahmadu Bello University
Similar Profiles
Deepak MungrahDeepak Mungrah
Senior Administrator at Ocorian Financial Services (Mauritius) LtdSenior Administrator at Ocorian Financial Services (Mauritius) Ltd
Sahil SinghSahil Singh
Quantitative Solutions Executive at Financial Services Advisory, BDO UKQuantitative Solutions Executive at Financial Services Advisory, BDO UK
John ElsJohn Els
Controlling Business Partner at Volkswagen Financial Services (UK) LtdControlling Business Partner at Volkswagen Financial Services (UK) Ltd
Akash Singh BaniAkash Singh Bani
Site Reliability Engineer at Tech Mahindra LimitedSite Reliability Engineer at Tech Mahindra Limited
Aoibheann FeganAoibheann Fegan
Technical Project Lead at TallGrass Natural HealthTechnical Project Lead at TallGrass Natural Health