BASSEY ESIEN UKOREBI
Bishop Stortford,Hertfordshire
Summary
Strategic finance leader with 12 years of international experience across hospitality, oil and gas, and energy sectors. Currently serving as CFO, managing P&L for £1m+ revenue and integrating financial systems. Enhanced operating income through facility integration and advised on IFRS, M&A, and process improvements. Promotes corporate governance and collaboration, aligning financial goals with organisational mission.
Overview
15
15
years of professional experience
1
1
Certification
Work History
Chief Finance Officer
Heritage Staffing Services Ltd
06.2021 - Current
- Drove increase in operating income from £700K to £850K over tenure via topline revenue growth (+£400K) and by developing and implementing forecasting, budgeting and cost reduction procedures
- Managed financial planning and budgeting focused on growth for company with annual revenue £1m, aligning financial strategies with organisational objectives.
- Restructured treasury and banking operations, improving working capital management
- Implemented cost-saving initiatives and productivity tools, including streamlined internal audit procedures and deployment of SAP ERP software company-wide, enhancing operational efficiency.
- Collaborated with executives to define and enhance company mission, fostering alignment across departments.
Finance Manager
Heritage Staffing Services Ltd
12.2020 - 06.2021
- Reviewed and reconciled general ledger, maintaining accuracy to support financial reporting.
- Reconciled expenses and accounts, ensuring accurate management of company credit cards and expense accounts.
- Collected banking transactions from statements, recorded activity in Excel, and reconciled balances to ensure financial integrity.
- Entered financial data into Excel spreadsheets and oversaw inventory management processes.
- Monitored employee time and attendance records for payroll processing.
Assistant Financial Controller
Transcorp Plc
Lagos
08.2013 - 09.2020
- Prepared accurate financial reports and monthly financial statements for management performance reviews.
- Prepared external audit documentation and financial reports to support operational planning and informed key decision making.
- Maximized year-end tax benefits by efficiently managing cash flows.
- Collaborated with executives to develop annual budget and monitored expenses against projections for effective financial oversight.
- Introduced internal controls to monitor critical areas of financial control and devised corrective actions to address risks or deficiencies.
- Introduced and managed IFRS technical accounting policies and best practices.
- Compiled external audit documentation and financial reports, ensuring accuracy and compliance for financial governance.
Audit Experienced Senior Associate
Deloitte
Lagos
08.2012 - 08.2013
- Planning audit engagements, performing extensive risk assessments and communicating with clients on their expectations from the audit team on the next audit cycle.
- Evaluated revenue recognition policies and assessed compliance with IFRS 15 to mitigate financial reporting risks.
- Developed technical accounting documentation and supported implementation of accounting policies to ensure compliance standards are met.
- Collaborated with team to identify client portfolio needs and engage network experts for tailored service delivery.
- Collaborated with a team to identify needs for a portfolio of clients and engage with experts within the network to deliver these services
Audit Senior Associate
EIC (Chartered Accountants)
Lagos
08.2011 - 08.2012
- Reviewed financial statements including the statements of comprehensive income, statement of financial position, Cash Flow statement; ensuring its compliance with NGAAP, IFRS, CAMA and Financial Reporting Council of Nigeria (FRCN) Act.
- Managed engagement economics, ensuring profitability and communicated potential budget overruns to clients and engagement leaders, promoting transparency.
- Led group audits and other group reporting engagements with primary responsibility for communicating with group auditors outside Nigeria.
- Provided on-field guidance and reported progress of engagements to engagement manager and partners, facilitating informed decision-making.
- Managed client expectations and delivering of agreed engagement goals and objectives
- Organised and led client and internal meetings, enhancing engagement effectiveness and stakeholder collaboration.
- Consistently awarded “Exceeded Expectations” on overall performance ratings and ranked top three on class rankings
Education
Master of Science - Finance and Investment
University of Hertfordshire – Hertfordshire Business School
Hatfield, UK01-2021
Bachelor of Science - Accounting
University of Calabar – Faculty of Business Sciences
Calabar, NG01-2009
Skills
- Financial Planning and Risk Management
- Revenue Growth Strategy
- Post-Acquisition Financial Integration
- Due Diligence
- Audit and Tax Compliance
- Corporate Governance
- Cash flow management
- Revenue recognition with IFRS 15
- Profit and Loss Analysis
- Global Finance Team Leadership
- SAP software use
Certification
- ACA (Associate, Institute of Chartered Accountants of Nigeria - ICAN)
- CertIFR (Certificate in International Financial Reporting - ACCA-UK)
- CertIFR (Certificate in International Financial Reporting - Deloitte, PwC, EY)
- Consulting Certificate in 'Excel Essentials for Reporting' - DBrown Consulting
- Consulting Certificate in 'Advanced Financial Modelling' - DBrown Consulting (Advanced Financial Modeler)
- Training Certificate in Transfer Pricing Compliance - Andersen Tax
Accomplishments
- After joining the Hilton Hotels Plc from Deloitte in 2013, a company that made a monthly revenue hovering around $3.6m and an annual turnover of $39m, I was seconded to Transcorp Hotels Calabar Ltd a subsidiary of TH Plc where I was instrumental to the full conversion of the company's financial statements from GAAP to IFRS in line with requirements of the Financial Reporting Council (FRC) and the International Accounting Standards Board (IASB) roadmap to IFRS.
- Together with the Financial Controller, we were able to revive a Hospitality business that made a loss of about $261k yearly to profitability in 2016 and since then there has been consistent improvements in the results of the company.
- Succeeded in putting in place inventory control measures that checked leakages and pilferages in core cost centers (Food & Beverages and Maintenance) and ultimately reduced cost of sales by 40%.
Timeline
Chief Finance Officer
Heritage Staffing Services Ltd
06.2021 - Current
Finance Manager
Heritage Staffing Services Ltd
12.2020 - 06.2021
Assistant Financial Controller
Transcorp Plc
08.2013 - 09.2020
Audit Experienced Senior Associate
Deloitte
08.2012 - 08.2013
Audit Senior Associate
EIC (Chartered Accountants)
08.2011 - 08.2012
Master of Science - Finance and Investment
University of Hertfordshire – Hertfordshire Business School
Bachelor of Science - Accounting
University of Calabar – Faculty of Business Sciences