alochukwu.okoli

Senior Accountant – worked with ‘Big 4’ firm (KPMG). Over 5 years of hands-on experience in financial reporting, Fixed asset accounting, accounts payable, Treasury, accounts receivables, and credit control. Established accounting skills and experience in the use of different ERP solutions for financial recording, reporting, and analysis. MSc Energy Economics, ACCA, B.Sc Economics.

EXPERTISE

MS Excel, MS PowerPoint
Microsoft D365, OneStream
Infor SunSystems and EAM
Power BI, IFRS, SOX
Financial Reporting
Fixed Assets Accounting & Credit control
IFRS 16 Implementation
Sage Evolution
Accounts Payable and Receivables

SELECTED ACCOMPLISHMENTS:
•   Managed the consistent IFRS 16 reporting of leases valued at over $500m

•   Designed a dynamic credit control process that increased credit recovery by over 50% in four months

•   Lead the internal team that provided support during the SunSystem upgrades and EAM implementation at LEKOIL, which helped to boost the financial system across three countries, and improved the efficient reporting and accuracy by 20%

PROFESSIONAL EXPERIENCE

KPMG, Nigeria
Senior Accountant                                                                                             November 2020 – Present

Managing the IFRS 16 reporting for major business segments at IHS Towers worth over $500m. Supporting financial planning & analyses (FP&A) team, leading lease amendment recording and reporting, providing oversight to the Fixed Assets SSC team at IHS Towers.

Co-lead the team for the Pharmaconnect Nigeria diagnostic review of their inventory management process.

Some of the clients I have worked with include IHS Towers, Airtel Nigeria, and Pharmaconnect Nigeria

Selected Results from IHS Towers and Pharmaconnect Nigeria Engagements:
·        Consistently delivered the monthly and quarterly IFRS 16 reporting for the major IHS business segments.

·        Drove significant improvements in coordinating monthly closing of financial records and posting of month-end information with SSC, including Capex accruals, IFRS accounting, Capex cost reviews and assessments for major vendors, etc. Ensure accuracy of post-close financial statements pertaining to FA

·        Prepared the internal accounting memo for IHS for the treatment of a new class of assets for their business segment.

·        Improved volume reporting processes of lease amendments by over 25% in FY21; showed problem-solving ability in reducing reporting inaccuracies and time by redesigning report templates and timely follow-up for inputs from other departments.

·        Delivered presentations at the finance cross-functional meeting for the Fixed Asset team on the  IFRS 16 reporting processes.

·        Accessed the adequacy of the Pharmaconnect accounting for inventory and revenue in line with International Financial Reporting Standards (IFRS) and recommended areas of improvement

·        Performed walk-through tests on the existing inventory management process and benchmarked the process against industry-leading practices

Lekoil Nigeria Limited                                                                                                       April 2018 – March 2020

Financial Accountant
Managed accounts payable of over $30m, and lead a seamless JV payables account transition to the JV partners in December 2019.

Selected Results:
·        Managed the reporting of the group cash balance report for the cash flow forecast.

·        Designed payables reporting template which lead to more accurate age analysis and improved payables obligation timeline

·        Collaborated with the external system implementation/upgrade team to automate the payment run process and the creation of policy guidelines and procedures for the payment run process

·        Improved the accuracy & time of month-end reports by about 20% compared to the previous FY18 by building early warning systems for the different inputs required by other units

·        Support the preparation of financial and management reports for internal management and the board of directors

Librod Energy Services Limited                                                                                                 January 2017 – April 2018

Receivables Accountant / Credit Control
Added significant value to the team by using financial data-driven reconciliations leading to cash savings, also designed and improved different reporting templates for the payable and receivables teams

Selected Results:
·        Designed a dynamic credit control process that increased credit recovery by over 50% in four months

·        Ensure Revenue is recognized according to the provision of IFRS 15 (Revenue from contract with customers).

·        Maintained an exceptional client relationship and leveraged that for prompt credit collection

Payable / Treasury Accountant                                                 June 2014 – January 2017
Selected Results:
•   Within a quarter of my resumption at Librod Energy Services Limited, I conducted a reconciliation of their Joint Venture account (OEG Offshore Limited) with Librod’s account, which resulted in savings of over $250k for the company. Subsequently, I helped develop a procedure to track the account monthly, to prevent similar incidents in the future.

•   Advise management on the company’s compliance with laws and regulations guiding statutory taxes and providing support during statutory audits

•   Maintained vendor and bank account opening process, supplier payment analysis, and aging report.

CERTIFICATION

ACCA In View – June 2022
Association of Certified Chartered Accountants (ACCA)

365 Careers:  Certificate of Completion of Financial Analyst Course (2020)

EDUCATION

Advanced Diploma in Accounting and Business – Association of Chartered Certified Accountants, UK.
2020
M.Sc. Ener Economics Management and Policy – University of Port Harcourt
2018
B.Sc. Economics – University of Nigeria
2012