AKEEM KOLAWOLE
38, Millbeck Road Middleton, M24 4HG,MAN
Summary
Well-qualified financial systems leader offering demonstrated skill and success in managing internal accounting processes, improving controls and strengthening systems for optimal performance. Proficient in all aspects of accounting, including accounts payable and receivable, budget administration and payroll. Gifted in building and leading solid teams to handle high-volume operations with consistency, accuracy and full compliance with regulatory requirements.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Income Auditor/Finance Assistant
Millennium Gloucester Hotel
11.2023 - Current
- Preparation and distribution of daily Revenue Report Review all other various Income audit report in line with standard and ensure compliance
- Review rate Variance report and ensure correct rate is applied
- Review daily complimentary rooms, cancellations, no shows, rate variance, PM folios high balances, Rebate journal, Paid-out journal
- Telephone Summary, discount Summary and Entertainment summary report.
- Adapted plans and schedules to meet changing priorities of work objectives, resources and workload demands.
- Performed observations and evaluated supporting documents to supplement audit findings.
- Executed audit phases and entered data into accounting software for analysis.
- Followed established auditing processes to meet internal and regulatory requirements.
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Analyzed data and findings to prepare reports detailing financial information.
Cluster Financial Accountant
Millennium Atria Hotel
01.2020 - 10.2023
- Month-end Closing -Cluster Properties
- Balance Sheet Reconciliation and VAT Reconciliation
- Cash Flow Statement and Cost Controlling
- Managed and supervised team of 12 members
- Conducting Internal Audit of Cluster Properties
- Knowledge in Mollak budget Preparation
- Knowledge in Budgeting, Forecasting and Management Reporting.
- Experience preparing monthly management accounts and year-end reports
- Manipulates data effectively using
- Excel expertise for enhanced analysis and forecasting
- Works with meticulous care and precision to resolve discrepancies for reliable, up-to-date records
- Astute
- Financial Accountant with experience in reporting, auditing, and forecasting for improved cash flow
- Manages large client caseloads and achieves deadlines through excellent planning and prioritization
- Knowledgeable in current accounting standards for full compliance.
- Compiled budget figures by reviewing past budgets, evaluating estimated income, and assessing expenses.
- Investigated daily variances and corrected errors to resolve discrepancies.
General Accountant
Millennium Atria Hotel
01.2018 - 01.2020
- Month End Closing
- Balance Sheet Reconciliation and VAT Reconciliation
- Cash Flow Statement and Cost Controlling
- Managed and supervised team of 8 members
- Knowledge In Mollak budget Preparation
- Knowledge in budgeting, Forecasting and Management Reporting.
- Created and introduced updated processes for accounts receivable sub-ledger and customer attribute reporting.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Handled day-to-day accounting processes to drive financial accuracy.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
Cluster General Accountant
J5 Rimal Hotel Apartment
01.2015 - 01.2018
- Preparation and distribution of daily revenue report Review rate variance report and ensure correct rate is applied
- Review daily complimentary rooms, cancellations, no shows, Rate variance, PM folios high balances, rebate journal, Paid-out journal
- Telephone Summary, discount Summary and entertainment summary report.
- Supported month-end closing process by preparing financial statements, variance analyses, and account reconciliations.
- Managed accounts payable and receivable functions, maintaining accurate records and timely payments to vendors while collecting outstanding invoices.
- Streamlined accounting processes for increased efficiency in daily operations.
- Implemented effective internal controls to safeguard company assets and prevent fraud or misstatements in financial reports.
- Ensured tax compliance by preparing quarterly sales tax returns and assisting with annual income tax filings.
- Assisted in development of long-term forecasting models by analyzing historical trends and projecting future revenue growth patterns.
- Prepared detailed cash flow analyses for management review, highlighting potential areas of concern related to liquidity issues or potential shortfalls in operating funds.
- Trained and mentored junior staff members on various aspects of general accounting principles, software applications, and best practices in order to foster culture of continuous learning and professional development.
- Served as key liaison between accounting department and other functional areas within company, working closely with managers to address financial issues that may impact their respective profit centers or divisions.
- Reduced discrepancies in financial statements through meticulous attention to detail and regular reviews of account balances.
- Contributed to successful completion of numerous special projects involving complex accounting research assignments, ad hoc reporting requests from senior leadership teams, or other non-routine duties as assigned.
- Examined, reviewed and gathered financial statements for government entities.
- Enhanced financial reporting by implementing new software systems and automating data entry tasks.
- Handled day-to-day accounting processes to drive financial accuracy.
- Modified comprehensive reporting to reflect changing financial structure.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
General Accountant, Income Auditor
Rimal Rotana
01.2013 - 01.2015
- Preparation and distribution of daily revenue report Review rate variance report and ensure correct rate is applied
- Review daily complimentary rooms, cancellations, no shows, Rate variance, PM folios high balances, rebate journal, Paid-out journal
- Telephone Summary, discount Summary and entertainment summary report.
- Supported month-end closing process by preparing financial statements, variance analyses, and account reconciliations.
- Managed accounts payable and receivable functions, maintaining accurate records and timely payments to vendors while collecting outstanding invoices.
- Streamlined accounting processes for increased efficiency in daily operations.
- Implemented effective internal controls to safeguard company assets and prevent fraud or misstatements in financial reports.
- Ensured tax compliance by preparing quarterly sales tax returns and assisting with annual income tax filings.
- Assisted in development of long-term forecasting models by analyzing historical trends and projecting future revenue growth patterns.
- Prepared detailed cash flow analyses for management review, highlighting potential areas of concern related to liquidity issues or potential shortfalls in operating funds.
- Trained and mentored junior staff members on various aspects of general accounting principles, software applications, and best practices in order to foster culture of continuous learning and professional development.
- Served as key liaison between accounting department and other functional areas within company, working closely with managers to address financial issues that may impact their respective profit centers or divisions.
- Reduced discrepancies in financial statements through meticulous attention to detail and regular reviews of account balances.
- Contributed to successful completion of numerous special projects involving complex accounting research assignments, ad hoc reporting requests from senior leadership teams, or other non-routine duties as assigned.
- Examined, reviewed and gathered financial statements for government entities.
- Enhanced financial reporting by implementing new software systems and automating data entry tasks.
- Assisted with budget preparation, monitoring expenses, and providing timely updates to management on variances.
- Improved financial accuracy by conducting thorough account reconciliations and adjusting journal entries.
Account Executive
Rimal Rotana Hotel
01.2012 - 01.2013
- Preparation of account receivable recap from night audit work Responsible for all charges and credit to various account and prompt follow up of all payment receivable Managed accounts payable and 100% paid all payable before due date Proper allocation of cost/Expenses as per chart of accounts.
- Managed multiple accounts simultaneously while maintaining organization and prioritizing tasks efficiently.
- Streamlined account management processes for increased efficiency and improved client retention rates.
- Trained junior team members on best practices for account executive responsibilities, fostering collaborative work environment focused on continuous improvement.
- Performed effectively in self-directed work environment, managing day-to-day operations and decisions.
General Cashier
Rimal Rotana Hotel
01.2011 - 01.2012
- Prepare bank drop sheet and deposit cash in bank accompanied by security in accordance with safety rules and SOP
- Maintain cash receipt journal spreadsheet
- Research and correct any other cashiering transaction needed
- Maintaining accurate balance of general house bank.
- Performed cash, card and check transactions to complete customer purchases.
- Research and correct any other cashiering transactions needed
Post and balance batches to tape totals. - Collect all cash/ check collections of hotels from front office drop safe on daily basis and ensue all monies are deposited in hotel bank account in accordance with policies procedures laid down by hotel.
- Ensure that payroll matters are promptly attended to.
- Hold under direct responsibility cash float, for petty cash disbursement, in hotel as per laid down policies and procedures.
- Maintaining accurate balance of general house bank
Processing daily cash/check drops from team members and creating daily deposits to be sent to bank.
Education
Higher National Diploma - Accounting
Osun State Polytechnic
Osun State, Nigeria06.2007
National Diploma - Accounting
Osun State Polytechnic
Osun State, Nigeria02.2004
Skills
- Knowledge of Opera,Opera Cloud, SunSystem, FBM, ADACO, Sun Vision and Vision Plus
- Financial Reporting
- Expense Tracking
- Accounting and bookkeeping
- Auditing
- Microsoft Excel proficiency
- Cost accounting
- Payroll Processing
- Financial stability knowledge
- Debt management
- Variance Analysis
- Accounts Payable and Receivable
- Cash Flow Management
- Continuous Improvement
- Financial Modeling
- Tax Preparation
Accomplishments
- Successfully initiate a process flow which lead to the reduction of turnaround time and improve service delivery
- Effective communication skills were displayed amidst the employees, customer and management which lead to 20% services turnover thereby resulting in high productivity of the company
- Expanded the accounting department's efficiency by 30% through rigorous training of accounting staff
Certification
CIMA Certification in progress
Timeline
Income Auditor/Finance Assistant
Millennium Gloucester Hotel
11.2023 - Current
Cluster Financial Accountant
Millennium Atria Hotel
01.2020 - 10.2023
General Accountant
Millennium Atria Hotel
01.2018 - 01.2020
Cluster General Accountant
J5 Rimal Hotel Apartment
01.2015 - 01.2018
General Accountant, Income Auditor
Rimal Rotana
01.2013 - 01.2015
Account Executive
Rimal Rotana Hotel
01.2012 - 01.2013
General Cashier
Rimal Rotana Hotel
01.2011 - 01.2012
Higher National Diploma - Accounting
Osun State Polytechnic
National Diploma - Accounting
Osun State Polytechnic
CIMA Certification in progress
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