Oluwadamilola Olooto

Oluwadamilola Olooto (ACA) Itire-Surulere, Lagos, Nigeria |- - | LinkedIn Profile Summary Oluwadamilola is a detailed oriented professional with over five years of experience in external audit, accounting, and risk assessment. He has functioned both as a leader and team member in several high-profile external audits of clients in line with ISA and IFRS requirements. He is adept at using audit and data analytic tools such as Caseware, Atlas, Microsoft Office Suit, eCMS and Sage. Core Competencies • • • External Audit Compliance Audit Risk Assessment • • • Financial Reporting IFRS Data Analysis • • • International Standards on Auditing Internal Control Assessment Preparation of statutory Financial Statement Professional Experience Senior Auditor| MAZARS IN NIGERIA • • • • • • • • • |September 2022 – Till date| Experienced in planning, executing, and completing financial statement audits. Performed a thorough test of clients’ entity-level controls, as well as its financial statements, and level risks to determine appropriate audit approach and strategy as well as developed bespoke audit programs to suit each client’s specificity. Led teams in the review of financial statements (standalone and group) and disclosures to meet business and regulatory requirements Exercised sound judgment by making decisions throughout engagements, including assessment of engagement risks, designs, and selection of audit procedures necessary to arrive at a desired level of assurance, and evaluation of documentation and audit evidence received. Prepared management letters and communicate to the audit executives’ the key issues that are required to be brought to the notice of those charged with governance Prepared annual consolidated and separate financial statements in line with the relevant IFRS and ISA standards Reviewed client monthly reconciliations, assets verification, including the review of the fixed assets register, and gap analysis involving review of client budget in comparison with actual performance. Coach other less experienced colleagues, provide them with on-the-job training, develop their familiarity with the audit methodologies and review their work for sign-off by the Manager /Senior Manager Assist the audit manager in successfully delivering the final audit report Senior Associate Auditor| SIAO PARTNERS |April 2022 – September 2022| • Provided recommendations for improving controls and enhancing business efficiency to clients. • Analyzed problems, developed and drafted innovative solutions memos on audit engagements. • Led the statutory audit of the United States Agency for International Development (USAID) subcontractor with donor’s fund of $10 million USD. • Led teams that performed several high-profile external audit assignments for clients which resulted in improved business processes, compliances, and controls. • Business development; identifying new opportunities in existing and prospective client workspace, as well as providing valuable assistance to managers on the drafting of contracts and proposals. • • • • • Assisted Senior Managers with operational aspects of ongoing projects including planning engagements, developing budgets, monitoring progress, and performing quality control. Performed other agreed-upon procedures as requested by clients. Prepared management letters and communicate to the audit executives key issues that are required to be brought to the notice of those charged with governance Assisted the audit manager in successfully delivering the final audit report Coached and mentored audit associates on audit methodology. Experienced Semi-Associate| SIAO PARTNERS |February 2019 – March 2022| • Led the delivery of audit engagements, and coordinated teams to meet clients’ deliverables without compromising on audit quality • Stayed abreast of general business and economic developments and apply understanding of the client’s business and industry areas of audit significance • Assessed the degree of risks and the nature of the errors that could result from the client’s accounting estimates, and unusual or unexpected transactions, and explains important developments/matters to team members • Ensured tasks are assigned to members of the audit team in the most efficient manner • Participated in a nationwide inventory verification exercise for the Nigerian National Petroleum Corporation Project which uncovered the diversion of petroleum products worth over $200 million • Supervised the first reconciliation of MTN Nigeria’s interdepartmental accounts, which in turn increased their productivity across the entire value chain. • Facilitated completion of assigned tasks within agreed timelines and budgets Hephzibah Eye Care Clinic| Lagos Nigeria |September 2018 – January 2019| Accountant • • • • • • • • • Partnered with the Head of Account in the preparation of management accounts in line with IFRS, annual budgets, cash flow forecast, and bank reconciliation statements. Result includes over 95% compliance with standards and regulations. Led the migration from paper accounting to cloud accounting software by involving the specialists for the company’s Monthly Performance Report (MPR) which was adopted for the monthly management meeting. Result includes an 80% report generation with analyzes and forecasts. I ensured that revenue was appropriately captured via the accounting software (ECMS) from the registration of in and out patients’ desk officer, to doctor consultations, to billing of such patients, and to payments by patients via HMO and cash payment. Results include 100% revenue captured. Led the credit controls and reconciliation with the HMOs. Result includes the recovery of over $100,000 USD Led in the inventory stock count exercises at intervals Designed a compensation model that captures the breakdown of salary and statutory deductions to be remitted on behalf of all employees and employer. Result includes 100% compliance. I liaised with both the internal audit department and external audit teams on various assignments in order to improve the productivity of the company Provided technical accounting support to other departments to comply with standard of operations to meet business and regulatory requirements. Coordinated routine checks/investigations of financial records of the departments to identify irregularities, conducted tests on established controls and provided recommendations. Result includes 95% compliance. Armor Accounting Consults & Services| Abeokuta, Nigeria |May 2017 – August 2018| Account Officer (Part time) • Checking a client’s financial information, purchase and sales invoices, payroll records, bank balances, and statements • Ensured the follow-up procedures as required i.e. replies etc arising from the onsite verification/audits in order to ensure all reports are concluded on a timely basis • I ensured that proper documentation of fieldwork/audit work was carried out in accordance with quality standards • I examined the statement of financial positions and statement of income and comprehensive income, identifying risks or problems, assessing the company’s general reporting systems, and made recommendations. Education • B.Sc. (Hons) | Accounting Obafemi Awolowo University, Ile-Ife, Nigeria |2015| Professional Certifications & Trainings • • • • • • Associate Chartered Accountant | Institute of Chartered Accountants of Nigeria (ACA) |2018| Associate Member | Chartered Institute of Loan & Risk Management (AMCILRM) |2018| Leveraging Technology to Mitigate the Impact of COVID-19 on Business | Institute of Chartered Accountants of Nigeria |2021| Managing Change Creatively |Institute of Chartered Accountants of Nigeria |2022| Building Personal Brand for Business Improvement | Institute of Chartered Accountants of |2022| Nigeria Leadership in Volatile, Uncertain, Complex and Ambiguous Times | Institute of Chartered |2022| Accountants of Nigeria