Sulaimon Aregbe

Accurate and detailed-oriented professional with more than 7 years' experience collaborating with management team in strategic decision-making and operations. I play a critical role in overseeing the financial and administrative functions towards driving best practices within the organisation to maximize growth and efficiency.

Finance Specialist - Beta Glass Plc.(A sub. of Frigoglass Group)

(2022-06)

• Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
• Conduct periodic impairment reviews for property, Plant and equipment.
• Record fixed asset acquisitions and dispositions in the accounting system.
• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
• Monitoring of landed costings for both inventory and Fixed Assets.
• Assign tag numbers to fixed assets.
• Monitor and manage the activities of the general ledgers and post proper reclassification when necessary.
• Recommend to management any updates to accounting policies related to fixed assets.
• Co-ordinate physical Fixed Assets count for property, plant and equipment (PPE).
• Allocate share costs to all factory locations and ensure the account is tidy up on monthly basis via inter company balances.
• Management of Fixed Asset and Right-to-Use Assets (ROU) Accounts of the plants.
• Help in the allocation and posting of charges and other related expenses to Fixed Assets, mostly import purchase Assets.

Senior Accountant - Cormart Nigeria Limited

(2018-06 - 2022-05)

• Track company expenditures for fixed Assets in comparison to the capital budget and management authorizations.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Responsible for making monthly provisions, accruals, and amortization of all prepaid expenses such as rent and insurance prepayment.
• Responsible for allocation of costs to all subsidiaries via intercompany transactions.
• Running the Depreciation Program as per the depreciation calendar.
• Preparation of monthly advance paid to Vendors/Contractors and Staff Vendors
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Ensure risk assessment is taken into consideration by ensuring all Fixed Assets are insured.
• Provide support on budgets, and schedules to meet audit and regulatory requirements.
• Supervising and authorizing new asset acquisition-Capex and monthly closure of all transactions such as staff salary, Amortization of Rent, Insurance and Depreciation.
• Fixed Assets management and pass all necessary stocks adjustments from variance approve by management.

Accountant - PPC Nigeria Limited

(2017-04 - 2018-05)

• Performing account analysis and ensuring that journal entries and balances are correctly posted.
• Ensure risk assessment is taken into consideration by ensuring all Fixed Assets are insured.
• Monitoring of Fixed Assets Register to include additions and derecognize disposal during the year.
• Reconcile general ledger accounts and pass necessary adjustments when the need arises.
• Evaluate financial documents for accuracy and compliance with internal and regulatory policies.
• Attend to both internal and external audit request during audit exercise.
• Assist with Assets tagging of plant and machinery.

Fixed Asset Accountant - Primera Foods Nigeria Limited

(2014-12 - 2016-07)

• Ensures Fixed Asset verification and tagging is carried out as stipulated in policy
• Ensures reconciliation of the Fixed Assets register to the general ledger.
• Maintenance of the Asset register for both IFRS and USGAAP reporting purpose
• Ensure monthly posting of depreciation in SAP after capitalization, disposal, Transfers if any
• Monthly reconciliation of Fixed Assets General and Sub ledger accounts
• Work with Project Managers to set up and monitor projects and reporting
• Carryout capitalization of Fixed assets as assets are put into use.
• Keeping records and tracking of all company assets purchased and in use
• Prepares input into both local and statutory reporting as it relates to fixed assets.
• Annual collation and submission of Capital expenditure to Federal ministry of Trades and Investments for capital allowance purpose
• Account for and monthly tracking of Capital expenditure, preparation, and circulation of capital expenditure reports to Management.

M.sc - Accounting - University Of Lagos, Akoka (2024)

ACA - Institute Of Chartered Accountant of Nigeria (2021)

B.Sc. - Accounting - Lagos State University, Ojo, Lagos State (2013)