Adetola Oguntade

ADETOLA D. AKINGBADE - https://www.linkedin.com/in/adetolaakingbade/ - CAREER SUMMARY Over 9 years of finance leadership experience with consumer markets, oil and gas, automobile industry, non-profit Served as Finance Manager of Massilia (Mitsubishi) Motors, with additional accounting responsibilities to other CFAO entities, with P/L of over 50b naira revenue Audited Fortune 500 Companies and advised on process improvements - SKILLS & EXPERTISE Enterprise Resource Planning & Management Financial Planning and Risk Management Leadership & Collaboration Treasury Optimization Audit, Due Diligence, Compliance (including Tax Compliance) People, Performance & Culture Tech Enthusiast - - Process Improvement - Financial Reporting, Review & Analysis - Internal Controls, Process Improvement - Budgeting, Budgetary Control & Forecasting - Basic IT Management, Good grasp of Tech tools - Intrapreneurship LANGUAGE: English (Advanced); Yoruba (Mother tongue), French (A1/A2) PROFESSIONAL EXPERIENCE The Aigboje Aig-Imoukhuede Foundation Head, Enterprise Management July 2022 – Dec. 2024 Worked with the Executive Vice Chair & other team members to ensure timely & clean reporting & analytics relating to Finance & Human Resources (HR). I directly managed the budgeting process, financial accounting, management, reporting, internal controls, HR operations & strategy. First point of contact for ethics, compliance, IT & administrative related activities/decisions. Some achievements include Cleared out 50% of constantly recurring Internal Audit issues within six months of joining. Created the organization’s chart of accounts & reporting structure, which also has allowed us to consistently report the financials to the Trustees & other stakeholders. Initiated centralisation & digitisation of some processes & documents within the Foundation, making knowledge sharing & collaboration easier. Also reduced time spent on manual documentation & approvals. Improved HR process by driving implementation of automation. This significantly reduced time spent on manual processing by more than 70%. Coaching & Mentoring of junior colleagues, building their confidence & capacity to handle certain tasks with very minimal input/corrections. Massilia Motors Ltd Finance Manager June 2021 – July 2022 Partnered with executive leadership to lead annual operating and capital budgeting processes, assessed feasibility of new partnerships, reporting to the Managing Director. Supervised outsourced functions and led finance team with 3 direct reports spanning accounting, finance, annual audits, tax and treasury, financial risk management functions, compliance. Improved cashflow & working capital management processes, thereby eliminating the Company’s reliance on use of loans & overdrafts within my first 6 months in office. Renegotiated agreement with a major supplier that led to an initial cost saving of $150k (could be more depending on volume of purchases) Re-assigned roles, redesigned and rolled out new procedures, cutting down month end close cycle timeline by 1 day. CFAO Motors Nigeria Ltd Business Controller August 2016 – May 2021 Managed the finance function spanning budgeting, planning, internal controls, bookkeeping and compliance. Served as a key member of the leadership team and advised business leaders on strategic growth initiatives. Brought about the increase of operating income by about 4.1% per annum by developing and implementing forecasting and cost reduction procedures. Improved supply management and purchasing process by ensuring strict compliance with existing rules, approval limits, vendor competitiveness, improved documentations. This led to reduction in fictitious and unnecessary purchases by about $120k per annum Optimized forecasting accuracy by improving existing monitoring & created reporting templates (in excel), resulting in the reversal of downward trend in past-due accounts and at the same time reduced reporting time from 16hours to about 2 hours. Quickly learnt how to use the specialised accounting software, identified bugs/issues leading to overreporting/recording of revenue of almost 1bnaira, escalated the issue for rectification at the HQ while working locally with my supervisor to manually correct the situation & report appropriate numbers. KPMG Professional Services Associate/Senior September 2009 – April 2016 Started my professional career as an associate, grew through the ranks to acting in a supervisory role as Assistant Manager, in the Energy and Natural Resources Unit of the Audit Division. Audited and reviewed financial reports of companies in diverse industries including the upstream, downstream and oilfield services sectors of the oil and gas industry, manufacturing as well as governmental organizations. These engagements included global clients with varying reporting requirements. Championed first-time audits as an Associate, working with teams in different countries to obtain relevant details required to finalize the audit Balanced the optimization of employees and technology to keep costs under budget while still providing same level of quality to the client Managed diverse teams of several personnel. Conducted performance reviews and training of staff to support development and continuous improvement of audit processes. Key part of conversion team of various organizations for migration from Nigerian Statement of Accounting Standard to the International Financial Reporting Standard EDUCATION AND CERTIFICATION The Institute of Chartered Accountants of Nigeria (ICAN) Associate Chartered Accountant (ACA) Obafemi Awolowo University  Bachelor of Science, Zoology REFERENCES Available upon request