Olu Sodipo
Edinburgh
Summary
A Qualified professional with extensive experience in financial accounting and statutory reporting. With 8years Charity experience, I have an excellent knowledge and understanding of SORP requirements. I can prioritise and multitask to achieve multiple demands within set deadlines. I'm flexible and adaptable, skilled in building positive and productive stakeholder relationships through excellent communication.
Overview
16
16
years of professional experience
1
1
year of post-secondary education
Work History
Finance Manager
Mary Meals UK
Glasgow, Glasgow City
07.2021 - Current
- Supports the production of Annual Financial Statements in line with Company Law, UK Charity SORP and Auditing requirements, and liaise with external auditors.
- Ensure quality control over the completion and recording of financial transactions and financial reporting.
- Provide year end analysis and schedules to the external auditors as required in the Audit Deliverables document and to support the running of the year end audit process.
- Prepare the Annual Expenditure Budget and all related analysis for MMUK for review and approval by Senior Management and the Board.
- Ensure compliance with all relevant Charity, Company and Taxation legislation by keeping up to-date with developments in accounting standards and recommended practice.
- Provide analysis and explanations to Senior Management for the purpose of financial planning and decision making.
- Liaise with the other directorates to provide financial information for grant applications and reports.
- Support the monthly cash transfer process to facilitate timely and appropriate transfer to Mary's Meals International.
- Collaborate with colleagues to ensure timely production of high-quality monthly Management Accounts.
- Coordinate the monthly payroll processes including supply of information to payroll bureaus and authorisation of payment by bureaus.
- Maintain and update employee information for online submission of Group Pension Scheme and other providers of employee benefits.
- Develop and maintain a good working relationship with Mary's Meals International Finance team and be responsible for the provision of necessary information.
- Represent Mary's Meals UK at external finance meetings and events as required.
- Proactive in keeping up to date with developments affecting the role, including any ad-hoc or ongoing training requirements, subject to the needs of the Charity.
Finance Manager
Edinburgh Women's Aid
Edinburgh
02.2018 - 06.2021
- Preparing Quarterly management accounts and presenting results on contract profitability to management and the board highlighting and explaining variances to budget and forecast and identifying ways to improve performances.
- Responsible for ensuring the completion and recording of financial transactions and financial reporting and adherence to financial policies and procedure.
- Responsible for preparation of organisation budgets and budgetary control in collaboration with budget holders.
- Responsible for agreeing the pricing strategy for Edinburgh Women's Aids services and ensuring compliance.
- Completion of financial information for funders and organising grant instalment claims. Managing Projects budgets to achieve set targets.
- Liaising with funders to provide financial information for grant applications and reports.
- Assisting in negotiations with funders, preparing and submitting reports for core and project funders.
- Assisting in developing financial aspects of fundraising strategies and bids.
- Advising Board/Management on improvements to financial systems and participating in Board and financial sub group meetings and offering informed financial input.
- Providing day to day management for the finance and administrative staff.
- Preparing audit file and draft final accounts for annual audit.
- To supply analysis and explanations to senior management for the purpose of financial planning and decision making.
- Coordinating payroll processes including supply of information to payroll bureaus and authorisation of payment by bureaus.
Senior Finance Officer
Scotland Malawi Partnership
Edinburgh
06.2016 - 02.2018
- Preparing monthly financial/management reports for the Principal Officer and the Board
- Reconciling and month-end activities to ensure all transactions have been captured and presented appropriately.
- Preparing projects budgets, monitoring and reporting on same
- Provide management with day-to-day financial report
- Financial modelling of projects investments and scenario analysis
- Oversight of the management reports of a sister organisation to ensure accountability to the Funders.
- Attending weekly meetings with work stream leads to gather information on expected spend for the month ahead and specifically on expected spend each month.
- Preparing monthly management information pack which include variance analysis information, reviewing actual spend against forecast on a monthly basis and reporting business performance vs. budget.
- Providing assistance to the wider finance team with year-end financial accounting
- Maintaining the nominal ledger ensuring that the purchase ledgers are operated to company standards and procedure guidelines.
- Supporting other members of the project teams as required to ensure that departmental reporting targets and responsibilities are fulfilled.
Senior Financial Accountant
Lemo Corporate Chartered Accountants
10.2009 - 04.2014
- Preparing company annual statutory/year end accounts including cash flow statement in accordance with the IFRS in various sectors and ensuring the timely filing of Corporate tax returns including CT600 and VAT to the HMRC
- Managed projects through budgeting, scheduling and complex problem-solving.
- Contributed to half-year and year-end processes, swiftly addressing audit requests.
Management Accountant
Nottinghamshire NHS PCT
02.2008 - 09.2009
- Supporting developing and the implementing of businesses and operational strategies to drive efficiencies throughout the business
- Developed appropriate resources to meet needs of diverse audiences.
Education
Master of Arts - Risk Management
Nottingham University Business School: Masters in
09.2009 - 08.2010
ACCA -
Association of Certified Chartered Accountant
ACA -
ICAN
Skills
- Experience of SORP guidelines for charities and other related reports
- Statutory accounting
- Microsoft office Applications: Advanced Excel (Pivot table, Vlook up, and Macros), Ms Word and Power point
- Computerised Accounting Applications: SAP, Sage line 50 Accounts & Payroll, Sage Evolution, Integra, Iris and Quick books
- Strong leadership and management qualities
- Great interpersonal skills, communication skills and stakeholder management skills
- Strong Project Management skills and understanding of PRINCE 2 Methodology
- VAT returns
- Financial reporting and analysis
Accomplishments
- Effective leadership skills demonstrated by leading a team of 7 members to achieve outstanding result through better coordination, improved communication and team spirit.
- Worked to a tight deadline in setting up an accounting software and transferring financial data to the new system thereby avoided the risk associated with non compliance with reporting SLAs
- Consistently met service level agreements in suppliers' payments thereby improving relationship with suppliers.
- Reduced bad debt by 10% through improved communication with debtors and regular follow-ups
Timeline
Finance Manager
Mary Meals UK
07.2021 - Current
Finance Manager
Edinburgh Women's Aid
02.2018 - 06.2021
Senior Finance Officer
Scotland Malawi Partnership
06.2016 - 02.2018
Senior Financial Accountant
Lemo Corporate Chartered Accountants
10.2009 - 04.2014
Master of Arts - Risk Management
Nottingham University Business School: Masters in
09.2009 - 08.2010
Management Accountant
Nottinghamshire NHS PCT
02.2008 - 09.2009
ACCA -
Association of Certified Chartered Accountant
ACA -
ICAN
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