ADEDAPO JOSIAH OLOFINTUYI
London,ENG
Summary
Accomplished and results-driven finance professional with over 15 years of experience in trade services, loan processing, and financial management within the banking sector. Demonstrated expertise in managing letters of credit, loan payments, regulatory compliance, and financial analysis. Adept at developing and maintaining accurate financial records, ensuring adherence to regulatory requirements, and driving operational excellence. Proven leadership abilities, with a strong track record in mentoring and training teams to improve productivity and achieve organizational goals
Overview
17
17
years of professional experience
Work History
Senior Business Development Officer
Neighbours NG Technologies Ltd
05.2024 - 08.2024
- Developed business development strategy to maximize financial gain
- Arranged business development meetings with prospective clients
- Researched to discover emerging market segments and customer requirements
- Promoted the company's products/services
- Prepared sales contract in adherence to established rules and guidelines
- Maintained accurate records of revenue, sales, and invoices.
- Developed and maintained strong rapport with new and existing clients
- Develop entry level staff into valuable salespeople.
Team Lead, LC Loans and Payment
United Bank for Africa Plc
09.2018 - 02.2024
- Ensured timely processing of loan requests, bookings, and payments on matured letters of credit.
- Implemented approval processes for Credit Risk Management and Group Correspondent Banking to ensure Unconfirmed LCs (UNLC) and Import Trade Financed LCs (ITFLC) loan bookings
- Ensured accuracy and correctness of loan requests
- In-house booking authorization for loans to ensure accurate account allocation
- Secured funding for UNLC and ITF LCs payments
- Verified and approved swift messages for efficient operation
- Monitored bid results and CBN Forward maturities to ensure adherence to regulatory FX utilization
- Verified transactions on Finacle
- Ensured processing transactions in compliance with current Policies and Regulations
- Followed processes for loan booking and payment of Letters of Credit to ensure achievement within TAT
- Ensured completeness in transaction handling and fostered a customer-centric culture to enhance customer satisfaction
- Monitored compliance with transaction processing regulations
- Maintained adequate and excellent record keeping
- Handled Reconciliation issues and Rendered Returns
- Managed to ensure timely responses for open items on reconciliation statements
- Ensured timely submission of regulatory and internal returns at regular intervals
- Review regulatory reports sent by unit members for compliance
- Updated Due Obligation reports and provided advice to Group Correspondent Banking
- Educated, trained, and mentored subordinates to enhance productivity through effective communication.
- Conducted departmental and individual training sessions to enhance subordinate productivity
- Monitored individual processors for compliance with standard protocols
- Appraised daily performance on subordinate outputs to ensure conformance and service delivery
- Administered processes
- Resolved payment authorization, bid request and loan booking concerns to enhance service delivery.
- Ensured efficient support for transaction requests and enquiries by maintaining an extensive database of all processed transactions.
- Reviewed and assigned SWIFT messages for further processing
- Managed internal and external correspondences effectively
- Evaluated team members
- Completed any additional assignments instructed by the Trade Services Department
- Managed SMIS and FX Utilisation Reconciliation
- Coordinated automation requirement gathering and reviewed for operational and accounting consistency
- Coordinated quality testing of departmental automated solutions
- Ensured timely response to Auditors' Circularisation and Audit requests regarding customers' outstanding Letters of Credit Obligations
- Collaborated with SMIS Retail team to streamline bid collation process
Team Member, LC Loans and Payment
United Bank for Africa Plc
01.2015 - 09.2018
- Managed documentation for transactions related to payments and loans
- Scheduled customers for bids
- Managed accurate and updated bid schedule
- Ensured accurate account numbers were used prior to bid debiting
- Maintained the accuracy of Loan register
- Maintained accurate records of LC/Loan payment, interest, and charges
- Managed customer notifications and debits post winning bids
- Handled notification and debiting of customers for interest and offshore charges from corresponding banks
- Managed and processed LC payments, loans, interests, and charges.
- Maintained adherence to all regulatory policies and standards during the payment processing time
- Processed Loan, Interest and Offshore Charges Payments
- Performed in-house interest rate calculations
- Recovered appropriate incomes for verification and authorization
- Processed loans efficiently and accurately.
- Sourced and transmitted approved loan requests to correspondent banks.
- Validating CAT and CACOM for loan processing
- Ensured loan documents were clean and ready for processing
- Performed Loan bookings on Finacle platform
- Tracked maturity dates of Loans to facilitate Rollover processing
- Enhanced report renditions for better readability and comprehension.
- Prepared daily and weekly regulatory reports
- Rendered CBN returns for LC Payments and Charges
- I ensured timely submission of EFCC reports on a weekly basis
Team Member, Shipping documents Examination and Negotiation on Letters of Credit
United Bank for Africa Plc
10.2009 - 12.2014
- Received shipping documents and recorded/document details into database
- Reviewed shipping documents for correctness and accuracy, ensuring compliance with credit terms and regulations.
- Processed shipping documents to ensure timely issuance of PAAR
- Resolved PAAR rejection issues efficiently
- Organized collation and batching of shipping documents for efficient customer delivery
- Maintaining record updates and report preparation for letter of credit shipping documents.
- Identified discrepancies and informed clients and relationship managers
- Managed the successful lodgment and realization of shipping documents on Finacle
- Successfully recovered offshore charges from clients
- Authorized reimbursements and payments on discrepant documents
- Provided timely reminders for submitting final exchange control documents
- Negotiated letters of credit documents
- Processed bills of collection shipping documents
- Prepared requests for PAAR on bills for collection transactions
- Endorsed shipping documents on bills for collection before dispatch
- Addressed customer inquiries
- Prepared acknowledgment messages for all received shipping documents and accepted bills of exchange
- Maintaining bills for collection document register
- Maintained records for all collection bill transactions
- Ensured customer requests were enlisted on bid schedule
- Reviewed Exchange Control Documents (ECDs) to determine bills for collection and those not valid for foreign exchange.
- Facilitated CBN approval for Bills of Exchange extension requests
- Processed payment of collection bills upon receipt of sales advice from Treasury or finance arrangement from the bank
- Executed FX sales entries for forward arrangement as per Treasury instructions.
- Prepared and rendered reports to appropriate units.
National Youth Corp Member
Egheomo Education Centre
10.2007 - 10.2008
- Taught economics to students in SSS1, SSS2, and SSS3 levels
- Instructed and guided students in SSS2
Education
Master of Science - Economics
University of Greenwich
London, United Kingdom08.2025
Bachelor of Science - Economics
University of Ibadan
Ibadan, Oyo State03.2007
Senior Secondary Certificate -
Federal Government College
kwali, Abuja01.1999
Skills
International Trade
Performance monitoring and improvement
Coaching and Mentoring
Customer Focus
Quality Control
Schedule Management
Attention to Detail
Collaboration and Teamwork
Brand Awareness
Proposal Writing
Affiliations
- Graduate Member, Nigeria Institute of Management
- Proficiency Certificate in Management, 2008
Personal Information
- Place of Birth: Osun
- Date of Birth: 06/10/81
Otherqualities
- Skilled in listening and teaching
- Highly organized and adaptable
- Self motivated
Privateconsultation
Consultant to PFS (Precise Financial Systems Limited), Development of their Trade Finance Solutions system, 2022
Awards
Most Outstanding Staff in UBA Trade department, Q1, 2014
References
- Mr. Augustine Ogedengbe, Head, Trade Services and Loans, United Bank for Africa, America, 212-308-7222 Ext: 332,
- Mr. Taiwo Ogundare, Team Lead, Trade Services, United Bank for Africa Plc, 57 Marina, Lagos, Lagos,+234 802 350 6945
- Mr. Olayide Atanda-Obalakun, Executive Director, Precise Financial Systems Limited, +234 803 300 3544
Hobbies and Interests
- Entrepreneurship
- Reading
- Sports
Work Preference
Work Type
Full TimePart TimeGig WorkWork Location
On-SiteRemoteHybridImportant To Me
Career advancementWork-life balanceCompany CultureFlexible work hoursPersonal development programsHealthcare benefitsWork from home optionPaid time offTeam Building / Company RetreatsPaid sick leave401k matchStock Options / Equity / Profit Sharing4-day work weekTimeline
Senior Business Development Officer
Neighbours NG Technologies Ltd
05.2024 - 08.2024
Team Lead, LC Loans and Payment
United Bank for Africa Plc
09.2018 - 02.2024
Team Member, LC Loans and Payment
United Bank for Africa Plc
01.2015 - 09.2018
Team Member, Shipping documents Examination and Negotiation on Letters of Credit
United Bank for Africa Plc
10.2009 - 12.2014
National Youth Corp Member
Egheomo Education Centre
10.2007 - 10.2008
Senior Secondary Certificate -
Federal Government College
Master of Science - Economics
University of Greenwich
Bachelor of Science - Economics
University of Ibadan
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