Funminiyi Babasale

A motivated and highly skilled Financial Accountant, Credit Control Analyst, internal control management, Management Accountant, and Finance Expert with a generalist accounting background and the ability to provide financial information to all areas of the business whilst ensuring that all management information is accurate and exceeding clients' satisfaction. Keen to secure a responsible position in a dynamic organization where I can fully utilize my training, experience, and skills while making a significant contribution to the success of my employer.

Senior Accountant at DORMAN LONG ENGINEERING LTD. (2024-03 – Present)

• Process and verify financial transactions, maintaining accurate accounts payable and receivable records.
• Ensure the accuracy of financial documents for payments, auditing, and tax compliance.
• Monitor timely payments to vendors and oversee invoice review and approval.
• Prepare vouchers and reports following accounting policies and procedures.
• Verify invoices against purchase orders, ensuring goods or services are received before processing payments.
• Manage advance payments to vendors and intercompany transactions.
• Handle tax preparation and filing, including VAT, WHT, transfer pricing, and PAYE.
• Oversee internal and external audit exercises to ensure compliance and transparency.
• Successfully reduced tax liabilities through accurate periodic tax filing.
• Developed a centralized SharePoint system for efficient document storage and audit readiness.
• Implemented accounting software to automate invoicing and tax filing, reducing errors and saving time.
• Streamlined accounts payable processes, improving efficiency and vendor relationships.
• Coordinated the annual audit exercise, ensuring compliance and timely reporting.

Finance Manager at NOSAGIE HOLDING (2023-07 – 2024-02)

Nosagie Holding encompasses 14 subsidiaries involved in Hospitality, Finance, Oil and Gas, Real Estate, Construction, Logistics, Education, Diagnostics, and FMCG.

• Managed accounting, financial reporting, and budgeting, achieving 95% budget accuracy.
• Executed financial transactions and maintained accurate bookkeeping for the foundation.
• Reviewed financial reports and expenditures, ensuring timely funds requests from partners.
• Analyzed monthly and quarterly budgets, highlighting variances and providing feedback to stakeholders.
• Coordinated the annual operational budget, collaborating with country representatives.
• Ensured adherence to IFRS accounting policies, reducing compliance risks by 30%.
• Managed large fund disbursements, maximizing financial outputs and maintaining liquidity.
• Prepared accurate financial statements and income reports, meeting corporate and statutory requirements.
• Designed tax policies and ensured compliance with local and international regulations.
• Led recruitment processes, improving staff efficiency and team alignment.
• Oversaw payroll computation, allowances, and procurement processes, ensuring cost-effectiveness and quality standards.
• Liaised with government agencies and international partners, securing favorable relationships and agreements.
• Supervised all administrative matters, establishing policies, codes of ethics, and operational protocols.
• Introduced IFRS-compliant financial reporting, enhancing transparency and accuracy.
• Reduced budget wastage by 20% through effective monitoring and controls.
• Boosted staff productivity by 30% through training initiatives and safety programs.
• Strengthened funding partnerships, increasing operational output by 25%.
• Established two new entities, expanding organizational reach and capacity.
• Implemented a structured salary system with pay slips, improving employee satisfaction.
• Enhanced internal controls, reducing financial discrepancies by 40%.

Finance and Administrative Manager (Nigeria) at BEYOND BEANS FOUNDATION (INTERNATIONAL NGO) (2022-03 – 2023-05)

• Managed financial planning, budgeting, and forecasting, achieving 95% budget accuracy.
• Ensured compliance with GAAP and IFRS, reducing audit queries by 30%.
• Conducted financial analysis, providing insights that improved profitability by 20%.
• Prepared and presented financial reports to the board, enhancing decision-making efficiency by 25%.
• Oversaw cash flow, reducing financial risk by 40%.
• Directed accounting operations, improving process efficiency by 35% across payables, receivables, and payroll.
• Strengthened internal controls, minimizing risk exposure by 50%.
• Ensured timely compliance with tax laws, avoiding penalties.
• Coordinated audits, ensuring 100% regulatory compliance.
• Implemented accounting software, reducing errors by 60% and saving 20 hours monthly.
• Consolidated accounts across 4 subsidiaries, streamlining financial operations.
• Boosted revenue by 25% and reduced costs by 15% through strategic initiatives.
• Ensured timely statutory remittances, avoiding penalties.
• Established a robust internal control system, reducing fraud risks by 40%.

Credit Control Manager at FAKOB & SON'S NIGERIA LIMITED (2020-07 – 2022-02)

• Assessed customers' creditworthiness and determined eligibility for credit facilities.
• Established terms and conditions for receivables and payables, improving cash flow efficiency.
• Managed internal payment queries, ensured timely customer payments, and negotiated repayment plans.
• Implemented and maintained a Credit Control system, reducing outstanding debts by 20%.
• Monitored payment patterns and recommended proactive measures to prevent indebtedness.
• Maintained regular contact with customers to manage and resolve outstanding debts effectively.

Senior Accountant at TECHLUM NIGERIA LIMITED (2012-06 – 2020-06)

• Built a performance scorecard to measure progress against goals, improving tracking.
• Monitored inventory intake and usage in the warehouse, ensuring accuracy and minimizing discrepancies.
• Maintained accounting records by preparing ledgers, cash books, and trial balances in line with global accounting standards.
• Prepared payroll schedules, facilitating timely staff payments through banking channels.
• Produced financial statements, cash flow reports, and analytical reviews for stakeholder decision-making.
• Conducted long-term planning and forecasting to align with strategic goals.
• Monitored company assets, providing valuation updates for fixed and current assets.
• Represented the organization at strategy conferences and seminars, contributing to policy and strategic decisions.
• Prepared financial reports on expenses, costs, and revenue to guide decision-making.
• Reconciled accounting books and monitored banking activities to ensure accuracy.
• Oversaw accounts payable, receivables, debtor periods, and creditor payment cycles to optimize cash flow.
• Developed and implemented company budgets to meet financial objectives.
• Prepared and filed annual tax returns (VAT, WHT, PAYE, pension remittance, NSITF), ensuring compliance.
• Designed tools for cash planning, financial reporting, project monitoring, and projection, enhancing financial oversight.
• Reconciled balance sheet items, reducing VAT liability by 37.5% (from ₦40M to ₦25M).
• Introduced cost-control techniques, cutting operational expenses and minimizing waste.
• Implemented international-standard accounting and reporting systems, ensuring compliance.
• Established a Fixed Asset Register to provide accurate asset valuations.

Accountant at FAMOUS ENDURANCE NIGERIA LIMITED (2012-06 – 2020-06)

• Prepared and maintained all ledgers and accounting records to ensure accurate financial reporting.
• Managed the book of accounts, reconciling with banks for accuracy.
• Processed cash and cheque payments on behalf of the organization.
• Established relationships with government agencies to ensure timely payment of taxes and levies.
• Ensured effective internal controls within the organization to safeguard financial operations.
• Monitored purchases and disbursements to ensure compliance with procurement standards and cost efficiency.
• Oversaw accounts payable and receivable to maintain proper cash flow.
• Ensured all financial transactions comply with company policies and procedures.
• Reconciled customer account ledgers, providing accurate account standings and minimizing discrepancies.
• Issued monthly client statements and correspondence to maintain transparency in account management.
• Reviewed and refined debt recovery procedures, enhancing collection rates by 15%.
• Fostered strong customer relationships through regular visits and professional advisory services.
• Monitored the organization's debt profile, identifying and mitigating credit risk exposures.
• Prepared and presented comprehensive receivables analysis reports to management, providing actionable insights.
• Managed all receivables accounts, ensuring accurate reporting and compliance.
• Reduced the organization's debt profile from ₦482,454,066 to ₦196,507,079 within two months.
• Implemented credit categorization to streamline customer credit facilities.
• Designed an Excel-based format for efficient financial record computation.
• Introduced a customer ledger system, ensuring regular account reconciliations.
• Deployed ERP software, boosting operational efficiency and record management.
• Prepared and recorded financial documents in line with global accounting standards.
• Processed staff payroll and submitted payment schedules to the bank.
• Prepared financial statements and cash flow reports for stakeholders, conducting regular reviews for accuracy.

Bachelor of Science in Accounting – UNIVERSITY OF ADO-EKITI (2002 – 2008)

National Diploma in Accountancy – ONDO STATE POLYTECHNIC, OWO (1997 – 2000)

Senior School Certificate Examination – SAINT PETER UNITY SECONDARY SCHOOL (1989 – 1995)