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CIMA qualified accountant (ACMA)
Tolu Ajayi
,
MANCHESTER, United Kingdom
Experience
Other titles
Skills
I'm offering
I am an independent (CIMA qualified ) accountant (ACMA) with over 15 years’ experience spanning several sectors.
I strive to relieve you of an enormous burden by taking care of all your bookkeeping and accounting needs so you can focus on adding value to your core business activity.
My approach is to work with you so I can gain a full understanding of your business. I then tailor my approach to your requirements so I can provide exactly the service you need.
I provide the following services
• Bookkeeping Services
• Payroll Services
• Preparation of VAT Returns
• Accounts to trial balance
• Monthly management accounts
• Debtors and creditors reports
• Bank reconciliation
• Petty cash analysis
If you require any of those services please do not hesitate to contact me.
I strive to relieve you of an enormous burden by taking care of all your bookkeeping and accounting needs so you can focus on adding value to your core business activity.
My approach is to work with you so I can gain a full understanding of your business. I then tailor my approach to your requirements so I can provide exactly the service you need.
I provide the following services
• Bookkeeping Services
• Payroll Services
• Preparation of VAT Returns
• Accounts to trial balance
• Monthly management accounts
• Debtors and creditors reports
• Bank reconciliation
• Petty cash analysis
If you require any of those services please do not hesitate to contact me.
Markets
United Kingdom
Language
English
Fluently
Ready for
Larger project
Ongoing relation / part-time
Full time contractor
Available
My experience
2015 - ?
job
Finance Analyst
Royal Bank of Scotland Group.
Prepare weekly and monthly information for presenting at senior management
meetings to highlight areas of both success and concern for immediate action.
• Produce monthly management packs, variance analysis and commentaries. Maintain
financial control for actual, budgets and forecasts for 5 cost centres.
• Perform detailed financial analysis to support recommendations presented to senior
management including journal preparation, variance analysis and commentary.
• Ensure required accounting adjustments were made on a monthly basis including
posting accruals, balance sheet reconciliations and prepayment calculations.
• Reviewing monthly reconciliations, journal preparation / posting and transferring costs
to the appropriate ledger accounts.
• Track monthly costs for different business areas within the Remediation Operation;
analysing monthly trends and summarising in a clear, succinct presentation to key
stakeholders.
• Consolidating and analysing a large amount of customer payments data to deliver
detailed insight into the monthly spend.
• Present month-end commentaries to stakeholders. Develop and maintain various
financial reports required by key business users, i.e.: Flash reporting, cost trackers and volume analysis.
meetings to highlight areas of both success and concern for immediate action.
• Produce monthly management packs, variance analysis and commentaries. Maintain
financial control for actual, budgets and forecasts for 5 cost centres.
• Perform detailed financial analysis to support recommendations presented to senior
management including journal preparation, variance analysis and commentary.
• Ensure required accounting adjustments were made on a monthly basis including
posting accruals, balance sheet reconciliations and prepayment calculations.
• Reviewing monthly reconciliations, journal preparation / posting and transferring costs
to the appropriate ledger accounts.
• Track monthly costs for different business areas within the Remediation Operation;
analysing monthly trends and summarising in a clear, succinct presentation to key
stakeholders.
• Consolidating and analysing a large amount of customer payments data to deliver
detailed insight into the monthly spend.
• Present month-end commentaries to stakeholders. Develop and maintain various
financial reports required by key business users, i.e.: Flash reporting, cost trackers and volume analysis.
Management, Finance, Flash, Support, Presenting, Analyst, Calculations
2014 - ?
freelance
Charity Accountant (Volunteer)
RCCG Chosen Generation.
• Controlled cash flow balances and monitored bank account balances
• Administered the budget and researched and identified saving' opportunities on
utilities, stationery and printing costs
• Compiled monthly management accounts on a SORP basis and categorised invoices;
restricted and non-restricted funds
• Coordinated the operations with auditors, Treasurer and members of the scheme
• Created and submitted Gift Aid claims as well as related reports.
• Maintained the database of donors
• Administered the budget and researched and identified saving' opportunities on
utilities, stationery and printing costs
• Compiled monthly management accounts on a SORP basis and categorised invoices;
restricted and non-restricted funds
• Coordinated the operations with auditors, Treasurer and members of the scheme
• Created and submitted Gift Aid claims as well as related reports.
• Maintained the database of donors
Operations, Budget, Database, Management, Accountant, Utilities
2015 - 2015
job
Finance Analyst
Lloyds Banking Group.
Provided critical financial and analytical information to support operational directors
and help the business understand key drivers
• Analysed key financial data and KPIs within the project, ensuring that managers receive
timely, accurate and relevant information.
• Developed monthly dashboard reporting which summarized key information for
stakeholders' decision-making highlighting proactive and insightful information.
• Allocated the remediation Operations financial provision by business area, tracked
utilisation and assessing adequacy at each level.
• Prepared operating report and reviewed performance against budgets.
• Performed project review at month end and prepared monthly reports for Head of Finance to detail any risk to project successful completion.
and help the business understand key drivers
• Analysed key financial data and KPIs within the project, ensuring that managers receive
timely, accurate and relevant information.
• Developed monthly dashboard reporting which summarized key information for
stakeholders' decision-making highlighting proactive and insightful information.
• Allocated the remediation Operations financial provision by business area, tracked
utilisation and assessing adequacy at each level.
• Prepared operating report and reviewed performance against budgets.
• Performed project review at month end and prepared monthly reports for Head of Finance to detail any risk to project successful completion.
Operations, Finance, Support, Analyst, Detail
2010 - 2015
job
Management Information Analyst
DIRECTLINE INSURANCE GROUP PLC.
Produced staffing model to enable more efficient use of staff resource in contact
centres, this led to better and fairer scheduling of staff and improved staff engagement
scores.
• Streamlined the reporting and data collection processes to improve accuracy and timing of information provided.
• Produced monthly management reporting on Key Business Indicators. Including the analysis & reporting of sales and operations variance (Actuals versus Rolling Estimate).
• Maintained the integrity of the MI Process with detailed review and data cleansing to ensure all data and reports are accurate, current, complete and consistent.
centres, this led to better and fairer scheduling of staff and improved staff engagement
scores.
• Streamlined the reporting and data collection processes to improve accuracy and timing of information provided.
• Produced monthly management reporting on Key Business Indicators. Including the analysis & reporting of sales and operations variance (Actuals versus Rolling Estimate).
• Maintained the integrity of the MI Process with detailed review and data cleansing to ensure all data and reports are accurate, current, complete and consistent.
Operations, Management, Sales, Management Reporting, Analyst, Data collection, Processes, LED
2009 - 2010
job
Company Accountant
Textile Trends Ltd.
Controlled cash flow balances and monitored bank account balances Reviewed
working capital requirements and identified the need to review credit policy of the firm,
this led to a reduction of credit given to customers. The reduction in credit given
contributed to a significant improvement in the use of working capital, with a
consequential reduction in the average level of overdraft financing by circa 30%.
• Prepared month-end management accounts to strict deadlines inclusive of P&L
statement, fully reconciled balance sheet with detailed debtor and creditor analysis,
• Maintenance of fixed asset register to include additions, disposals and depreciation.
Prepared detailed monthly management accounts pack & analysis showing key trends
and general ledger reconciliations.
• Oversaw the company's billing and debtor collection cycle. This involved preparation
of credit assessment reports and recommendations on credit limits and payment terms.
• Implemented Budget Process from scratch; new capability to produce budgets within 3
working days.
• Raised and posted all journals for three key departments' month-end accounting
including producing monthly income statements and interpreting any variances to budget.
working capital requirements and identified the need to review credit policy of the firm,
this led to a reduction of credit given to customers. The reduction in credit given
contributed to a significant improvement in the use of working capital, with a
consequential reduction in the average level of overdraft financing by circa 30%.
• Prepared month-end management accounts to strict deadlines inclusive of P&L
statement, fully reconciled balance sheet with detailed debtor and creditor analysis,
• Maintenance of fixed asset register to include additions, disposals and depreciation.
Prepared detailed monthly management accounts pack & analysis showing key trends
and general ledger reconciliations.
• Oversaw the company's billing and debtor collection cycle. This involved preparation
of credit assessment reports and recommendations on credit limits and payment terms.
• Implemented Budget Process from scratch; new capability to produce budgets within 3
working days.
• Raised and posted all journals for three key departments' month-end accounting
including producing monthly income statements and interpreting any variances to budget.
Budget, Management, Accountant, Assessment, Working capital, Credit assessment, LED
2005 - 2007
job
Wholesale Business Finance Partner
STANDARD CHARTERED BANK.
100 bank with operations in 55 countries headquartered in the United Kingdom, engaged in the provision of banking services to targeted sectors in Nigeria.
Wholesale Business Finance Partner (2005 - 2007)
• Agreed value drivers and the broad shape of forecasts and budgets and aligned these
with business aspirations. Managed the annual budget process and produce monthly
and quarterly forecasts.
• Produced the monthly management accounts, including detailed variance reporting.
Ensued the continuously improved the budgeting and monthly reporting processes;
contribute to the improvement of other finance processes and services.
• Provided financial advice to budget holders and project leads as required, including for
example support with business cases or costings, modelling, variance analysis.
• Preparation of financial models (pricing, cost-benefit analysis, net present value, payback) to evaluate products and customer profitability to assist relationship Manager
in new business acquisition, capital investments, within wholesale banking area.
• Preparation of budget and short-term forecast packs together with the collation and consolidation for preparation of the overall Group Budget presentations.
• Developed standardised reporting metrics for monthly management reporting ensuring
consistency across Africa region and reduced reporting cycle by three days.
• Analysed and interpreted the business performance and trends and suggesting
remedial action.
• Managed user acceptance test (UAT) for new back office system implementation.
Developed testing scripts, performance tracking process, and quality control process.
Wholesale Business Finance Partner (2005 - 2007)
• Agreed value drivers and the broad shape of forecasts and budgets and aligned these
with business aspirations. Managed the annual budget process and produce monthly
and quarterly forecasts.
• Produced the monthly management accounts, including detailed variance reporting.
Ensued the continuously improved the budgeting and monthly reporting processes;
contribute to the improvement of other finance processes and services.
• Provided financial advice to budget holders and project leads as required, including for
example support with business cases or costings, modelling, variance analysis.
• Preparation of financial models (pricing, cost-benefit analysis, net present value, payback) to evaluate products and customer profitability to assist relationship Manager
in new business acquisition, capital investments, within wholesale banking area.
• Preparation of budget and short-term forecast packs together with the collation and consolidation for preparation of the overall Group Budget presentations.
• Developed standardised reporting metrics for monthly management reporting ensuring
consistency across Africa region and reduced reporting cycle by three days.
• Analysed and interpreted the business performance and trends and suggesting
remedial action.
• Managed user acceptance test (UAT) for new back office system implementation.
Developed testing scripts, performance tracking process, and quality control process.
Business cases, Manager, Processes, Forecast, Wholesale, Office, Testing, Management Reporting, Support, Operations, Implementation, Net, Banking, Test, Finance, Management, Budget
2002 - 2005
job
Financial Reporting analyst
unknown.
Conducted P&L variance analysis (investigation and substantiation of variances),
consolidated intercompany balances and conducted investigations on account
discrepancies.
• Supported the Financial Controller in preparing departmental budgets to tight
deadlines and conducted quarterly reviews to monitor progress.
• Prepared annual statutory accounts, VAT returns and provided assistance to external
stakeholders as necessary to ensure compliance with accounting principles (auditors, pension fund providers, suppliers, customers, banks and Tax authorises).
• Developed key performance indicators (KPI) and benchmarks that were used to measure performance of the department.
• Provided advisory services to several business units and led the risk and control self-
assessments process. Identified risk issues and reviewed the effectiveness and adequacy of control assessments.
• Analysed responses from key control standard assessment (KCSA) questionnaires for
prompt detection of risk exposures not covered by controls.
• Implemented demand forecast models to aid capacity/ resources planning for the department. Saved department £25,000 by effective deployment of resources.
• Delivered £50k savings on payment expenses for SCB through the introduction of new
processing model.
• Led multi-disciplinary project team to test and implement the new banking application
software. This project was implemented on time and within budget.
consolidated intercompany balances and conducted investigations on account
discrepancies.
• Supported the Financial Controller in preparing departmental budgets to tight
deadlines and conducted quarterly reviews to monitor progress.
• Prepared annual statutory accounts, VAT returns and provided assistance to external
stakeholders as necessary to ensure compliance with accounting principles (auditors, pension fund providers, suppliers, customers, banks and Tax authorises).
• Developed key performance indicators (KPI) and benchmarks that were used to measure performance of the department.
• Provided advisory services to several business units and led the risk and control self-
assessments process. Identified risk issues and reviewed the effectiveness and adequacy of control assessments.
• Analysed responses from key control standard assessment (KCSA) questionnaires for
prompt detection of risk exposures not covered by controls.
• Implemented demand forecast models to aid capacity/ resources planning for the department. Saved department £25,000 by effective deployment of resources.
• Delivered £50k savings on payment expenses for SCB through the introduction of new
processing model.
• Led multi-disciplinary project team to test and implement the new banking application
software. This project was implemented on time and within budget.
Budget, Deployment, Test, Compliance, Banking, Analyst, Assessment, KPI, Software, Pension, Forecast, Processing, LED
1999 - 2002
internship
Trainee, progressing to Audit Senior
BDO-OYEDIRAN, FALEYE, OKE& CO.
LAGOS, NIGERIA
BDO is a global leader in audit and assurance, business advisory, tax and professional services
Trainee, progressing to Audit Senior (1999 - 2002)
• Audit experience on a broad range of clients from owner-managed business to quoted plc's
across sectors including financial services, property, engineering, communications, retail and charities.
• Planned audits by defining audit scope, identifying risks and existing key controls framework
and providing testing strategies to ensure coverage against plan.
• Examined and evaluated the adequacy and effectiveness of the internal control system for
manufacturing clients, identifying and recommending performance improvement
opportunities.
• Produced financial statements in accordance with IFRS and Nigeria accounting standards.
• Drafted reports to company management identifying weaknesses in the company's systems
and controls and made recommendations for their improvement.
• Prepared statutory accounts and consolidations of groups of companies including foreign
exchange transactions.
• Dealt with client queries and post audit advice, typically on systems and controls
improvements and any issues identified. Drafted report of recommendations for audit
manger's and client discussion.
• Seconded (3months) to retail client to assist Accountant. Successfully prepared management
accounts and contributed significantly to forecasting and budget formulation, by liaising with budget holders to obtain information to ensure budget accuracy.
• Identified weaknesses in the inventory control systems of £80m turnover retail client - Made
several recommendations and was requested to supervise the implementation of these
recommendations, leading to £300k in savings.
• Seconded (2 Months) to manufacturing client to assist in the reconciliations of general ledger
accounts. Develop operating manual for finance department to simplifier the reconciliation
process.
Core competency
Financial Accounting
Management Accounting
Risk Analysis
Budgeting and Forecasting
Performance Management
Internal Control system reviews
Process cost reduction/ savings
Business process improvement
System testing and implementation
IT Skills
Advanced Excel (lookup functions, PivotTables, Macros)
Sage
Sun Accounting System
MS Access and PowerPoint
SQL
Python
Courses / training undertaken
• Determined to Lead - RBS PLC leadership program, 2017
BDO is a global leader in audit and assurance, business advisory, tax and professional services
Trainee, progressing to Audit Senior (1999 - 2002)
• Audit experience on a broad range of clients from owner-managed business to quoted plc's
across sectors including financial services, property, engineering, communications, retail and charities.
• Planned audits by defining audit scope, identifying risks and existing key controls framework
and providing testing strategies to ensure coverage against plan.
• Examined and evaluated the adequacy and effectiveness of the internal control system for
manufacturing clients, identifying and recommending performance improvement
opportunities.
• Produced financial statements in accordance with IFRS and Nigeria accounting standards.
• Drafted reports to company management identifying weaknesses in the company's systems
and controls and made recommendations for their improvement.
• Prepared statutory accounts and consolidations of groups of companies including foreign
exchange transactions.
• Dealt with client queries and post audit advice, typically on systems and controls
improvements and any issues identified. Drafted report of recommendations for audit
manger's and client discussion.
• Seconded (3months) to retail client to assist Accountant. Successfully prepared management
accounts and contributed significantly to forecasting and budget formulation, by liaising with budget holders to obtain information to ensure budget accuracy.
• Identified weaknesses in the inventory control systems of £80m turnover retail client - Made
several recommendations and was requested to supervise the implementation of these
recommendations, leading to £300k in savings.
• Seconded (2 Months) to manufacturing client to assist in the reconciliations of general ledger
accounts. Develop operating manual for finance department to simplifier the reconciliation
process.
Core competency
Financial Accounting
Management Accounting
Risk Analysis
Budgeting and Forecasting
Performance Management
Internal Control system reviews
Process cost reduction/ savings
Business process improvement
System testing and implementation
IT Skills
Advanced Excel (lookup functions, PivotTables, Macros)
Sage
Sun Accounting System
MS Access and PowerPoint
SQL
Python
Courses / training undertaken
• Determined to Lead - RBS PLC leadership program, 2017
Management, Formulation, Framework, Audit, Risk analysis, Testing, Accountant, Implementation, It, Access, PLC, Engineering, Finance, Sql, Leadership, Performance Management, Training, Exchange, Audit, Forecasting, Budget, Retail, Powerpoint, Python, Excel
My education
2007
-
2009
Manchester Business School
MBA, N/a
MBA, N/a
1992
-
1998
Federal University of Technology Nigeria
B Eng, Chemical Engineering
B Eng, Chemical Engineering
?
-
2013
Chartered Institute of Management Accountants
N/a, N/a
N/a, N/a
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