Summary
Overview
Work History
Education
Skills
Accomplishments
Affiliations
Work Availability
Quote
Timeline
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Oluwaseun Phillips

Oluwaseun Phillips

Accountant
South Shields,Tyne & Wear

Summary

Result-oriented finance professional with over twelve (12) years of expertise in accounting, planning, budgeting, reporting, forecasting, and reconciliation. Proven track record of designing and implementing robust controls to ensure accuracy and compliance. Adept at optimizing processes to drive efficiency and elevate the quality of financial reporting. Highly organized with exceptional time management skills, consistently meeting deadlines in fast-paced environments. Collaborative professional who effectively engages with cross-functional teams, contributing to the delivery of top-tier financial support to organizations.

Overview

12
12
years of professional experience
3
3
Certification

Work History

Finance Advisor

Shell
04.2019 - Current
  • Coordinate month-end closing processes and ensure completion ahead of aggressive deadlines for reporting.
  • Examine and authorize manual journal entries with supporting documentation for posting into SAP.
  • Ensure completeness and accuracy of cost ledgers through daily review and analysis of transaction listings.
  • Evaluate and track cost ledger changes against annual operating budgets and latest estimates.
  • Generate monthly management account with trend analysis and variance commentaries, offering transparent insights into performance for budget holders.
  • Produce quarterly consolidated management report for CFO and Senior leadership Team (SLT).
  • Collaborate closely with business partners to drive budget processes, challenging assumptions, and utilizing business knowledge for precise cost forecasting.
  • Ensure compliance with Accounting Standards (IFRS & GAAPs) and other statutory requirements during cost capturing.
  • Produce regular performance returns and reconciliations to provide stakeholders with critical financial data.
  • Operate relevant SOX Controls and ensure design effectiveness/Operational effectiveness – 100%/98%
  • Execute risk based internal audits in Shell Upstream and Downstream Companies
  • Manage external auditors, coordinating scheduled compliance reviews and ensuring timely close out of audit queries.
  • Perform bid assessments and support vendors relations management, support ongoing projects completion within agreed timelines and pay on vendor invoices when due.
  • Manage process improvement initiatives as part of Shell’s Continuous Improvement (CI) drive.
  • Partner closely with internal business stakeholders across various departments to provide insightful analysis and make available data- driven recommendations to support business strategy and decision-making.
  • Train subordinates on complex accounting standards/requirements and new policies
  • Mentoring subordinates with constructive feedback and actionable steps for performance improvement.
  • Provide specialized financial planning support for new projects and activities.

Account Manager

Lumos
05.2017 - 03.2019
  • Accurately managed companywide budget vs actual utilization report and presented summaries to parent company.
  • Assisted with drafting and development of annual budgets and cashflow projections, monitored and tracked changes in assumptions and provided finance insight for subsequent updates.
  • Managed monthly performance reporting with all accompanying schedules and analyses such as revenue analysis, cost of sales analysis and variance analysis with commentaries.
  • Conducted periodic reviews and evaluations of expenses for cost efficiency opportunities.
  • Prepared and delivered monthly Group Reporting package to parent company – Lumos Global in Israel ensuring completeness and accuracy of trial balance.
  • Delivered quarterly abridged financial statements under IFRS to parent company.
  • Prepared year-end financial statements under IFRS and other local GAAP requirements, ensuring accuracy of account balances in line with relevant reporting frameworks.
  • Managed statutory audit and liaised with external auditors to ensure annual monitoring is completed as required.
  • Ensured full compliance with all tax requirements and regulations – VAT returns and ensure WHT credit notes tax returns.
  • Monthly reconciliations review and approval – bank reconciliation, petty cash, revenue & cost of sales reconciliations.
  • Coordinated and managed entire account unit and ensured we delivered on our KPIs >99% of time.
  • Evaluated account information to prepare asset, liabilities, and capital account entries.
  • Kept internal financial controls aligned with local GAAPs and International Financial Reporting Standards (IFRS)
  • Expanded finance function for better service delivery by hiring and training new employees on accounting best practices and application of reporting standards.

Senior Audit Associate

KPMG
10.2014 - 04.2017
  • Led several IFRS audits with special focus on the audit of oil exploration & production companies, power generation and distribution companies, downstream oil and gas and oil servicing companies.
  • Coordinated audit teams and ensured adherence with highest degree of professional standards and strict client confidentiality during; compilation of financial statements (separate and consolidated), review of client’s compliance as per accounting standards and scrutiny of client’s compliance with reporting standards.
  • Provided accounting assistance services to clients in preparation of standalone and consolidated financial statements comprising of Income statement, Statement of cash flow, Statement of changes in equity and Statement of financial position.
  • Prepared Management Letters highlighting findings from control tests and substantive analytical procedures with recommendations.
  • Managed audit planning, testing, drafting audit reports, and issuance.
  • Managed client relationships, addressing inquiries, providing insights, and delivering exceptional client service.
  • Participated in client meetings, presenting audit findings and recommendations.
  • Executed follow-up activities on audit outcomes for timely realization of improvements.
  • Assigned audit sections to associates, reviewed work done, answered questions, and addressed issues found during testing.
  • Identified potential audit problems and risk areas during engagements and proactively proposed solutions.
  • Created and maintained good quality working papers covering control evaluation records, test summary sheets and system notes.
  • Collaborated with team members to address audit challenges and streamline processes, leading to improved engagement efficiency.
  • Mentored and trained junior staff, offering guidance on audit methodologies, technical concepts, and professional development.
  • Collaborated with clients' management teams to collect audit information and recommend strategic business improvements.
  • Planned and implemented statutory audits and agreed upon procedures.
  • Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
  • Conducted financial, compliance and operational audits.
  • Analyzed trends in financial data to investigate fluctuations.
  • Handled planning and budgeting for audit engagements.
  • Identified management control weaknesses and provided value added suggestions for remediation.
  • Maintained professional knowledge by attending required trainings and workshops arranged by KPMG and professional institutes.

Audit Associate

KPMG
09.2011 - 09.2014
  • Prepared detailed GAP analysis, identifying difference between current financial reporting practice in line with local GAAP and expected financial reporting practice under International Financial Reporting Standards (IFRS), raised transition adjustments and conversion of local financials to IFRS compliant financial statements.
  • Performed substantive analytical procedures on assigned captions from income statement and statement of financial position.
  • Performed control reviews and evaluation, identified and compiled control lapses during audits.
  • Assisted in analyzing financial data and other relevant information to identify patterns, trends, and potential gaps.
  • Carried out diligent risk assessments, carefully considering operational, financial, and reputational concerns.
  • Provided support during audit planning, extent, and duration of work required for efficiency during audit.
  • Created and maintained good quality working papers covering controls evaluation records, test summary sheets and system notes.
  • Verified accuracy of client's tax accounts (VAT, WHT, CIT, PIT)

Education

Bachelor of Science - Finance

University of Lagos
Nigeria
01.2010

Skills

  • Financial Accounting
  • Management Accounting
  • Preparation of IFRS Financial Statements
  • Financial Analysis and Trend Analysis with Commentaries
  • Financial Planning, Budgeting and Forecasting
  • Tax Computation, Filing and Managing Statutory Returns
  • Bids Evaluation and Vendors Management
  • Auditing
  • SOX and Internal Controls
  • Diverse Team Management
  • Effective Time Management
  • Accounting Software – SAP P47, A47, U47 & PE4
  • Advanced Excel and Power BI
  • Financial Data Production
  • Process Improvement
  • Management Information Reporting and Presentations

Accomplishments

  • Streamlined MI reporting and implemented Power BI for monthly reporting, providing clarity, compliance, and consistency
  • Applied Lean techniques to optimize logistics cost tracking and chargeback across Shell Companies in Nigeria
  • Resolved a $5.1M remittance dispute between Shell and the Industrial Training Fund (ITF), a government agency in Nigeria, saving
  • Shell significant funds.

Affiliations

Member, Chartered Institute of Management Accountants (CIMA)

Member, Association of Chartered Certified Accountants (ACCA)

Member, Institution of Chartered Accountants of Nigeria (ICAN)

Work Availability

monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote

Whether you think you can or whether you think you can’t, you’re right!
Henry Ford

Timeline

Finance Advisor

Shell
04.2019 - Current

Account Manager

Lumos
05.2017 - 03.2019

Senior Audit Associate

KPMG
10.2014 - 04.2017

Audit Associate

KPMG
09.2011 - 09.2014

Bachelor of Science - Finance

University of Lagos

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