Football
Toby Balogun
Accountant
Derby
Summary
Logical Accountant offering 5+ year background in accounts receivable, accounts payable, human resources and payroll administration. Motivated and insightful professional possessing positive attitude paired with excellent knowledge of cost accounting and reporting and deep knowledge of risk analysis and forecasting. Proficient Sage 50, Xero and Quickbooks.
Overview
8
8
years of professional experience
6
6
years of post-secondary education
2
2
Certifications
Work History
Accounts Assistant
Future Connect Accountants
11.2023 - Current
- Produced all management account schedules, including accruals and prepayments, ensuring accuracy appropriateness for approval.
- Prepared and submitted quarterly VAT returns on time, ensuring compliance with regulatory requirements.
- Reviewed daily bank balances and ensured month-end reconciliations were completed accurately, maintaining financial integrity.
- Supported the sales ledger by ensuring debt recovery in a timely manner in line with the company’s credit control procedure, reducing overdue accounts by 20%.
- Ensured all new customers were correctly vetted and regularly reviewed credit limits on existing customers, minimizing credit risk.
- Supervised the sales ledger and purchase ledger balances at month end, ensuring smooth and timely financial closures.
- Produced detailed balance sheet reconciliations, resolving discrepancies and ensuring accurate financial reporting.
- Prepared the monthly Sales Audit, providing insights into sales performance and financial accuracy.
- Assisted in the annual auditing process by preparing supporting working papers, facilitating a smooth audit with no major findings.
- Reported on various statistical returns, providing accurate and timely data for regulatory and internal purposes.
- Prepared daily, weekly, and monthly reports for senior management in line with the Commercial Reporting Schedule, supporting informed decision-making.
- Processed payments and documents such as invoices, journal vouchers, employee reimbursements, and statements
Management Accountant
Spectranet Telecoms Limited
01.2022 - 08.2022
- Maintained fixed asset register and fixed asset movement schedule
- Supported decision making through analysis of relevant financial information, preparation of reports and provision of meaningful insight thereon to all stakeholders
- Supervised and managed staff to ensure alignment of tasks and their performance to the overall objectives of the accounts division.
- Implemented cost allocation methodologies for better understanding departmental expenses and driving accountability within the organization.
- Ensured compliance with GAAP, tax regulations, and industry best practices through continuous monitoring and updating of accounting policies.
- Managed a team of junior accountants, providing mentorship and guidance to ensure consistent growth in their professional skills.
- Strengthened internal controls by conducting regular audits and recommending policy updates as needed.
- Supervised team of accounting technicians, liaising between colleagues and management.
- Developed and maintained strong working relationships with key stakeholders, including department heads, vendors, and banking partners.
- Used Sage 50 to conduct financial analysis, presenting findings to management..
- Enhanced profitability analysis methods by incorporating non-financial metrics into evaluations, resulting in a more holistic view of company performance.
- Created cash flow forecasts to manage liquidity and ensure the company could meet its financial obligations.
- Assisted with the preparation of statutory accounts and facilitated the annual audit, ensuring compliance with accounting standards and regulations.
- Generated and analyzed Key Performance Indicators (KPIs), providing actionable insights to improve business performance.
- Maintained and developed financial controls, ensuring robust processes were in place to safeguard company assets.
- Ensured financial compliance with local laws and regulations, staying updated on relevant changes and implementing necessary adjustments.
- Conducted ad-hoc financial analysis to support various business needs, providing detailed and timely financial insights.
Account Officer
Lead City University
10.2020 - 12.2021
- Managed accounts payable and receivable, ensuring prompt payment and accurate recordkeeping.
- Responded to requests for information and resolved issues quickly.
- Effectively communicated complex financial information to non-financial personnel within the organization, fostering improved understanding of key performance indicators and overall company health.
- Increased client satisfaction by providing timely and accurate financial reports.
- Maintained up-to-date knowledge of industry trends, regulations, and best practices, ensuring adherence to established standards and guidelines within the company''s accounting department.
- Conducted thorough financial audits, identifying areas of improvement and implementing corrective actions to ensure compliance with regulations.
- Served as a key resource for external auditors during annual reviews by providing requested documentation on company finances quickly and thoroughly.
- Supported month-end closing activities by preparing accurate and comprehensive journal entries as required under GAAP guidelines.
- Enhanced accuracy in account reconciliations by closely reviewing transactions for discrepancies or errors before finalizing financial statements.
Finance Transaction Officer and Claims Officer
Cornerstone Insurance Plc.
10.2016 - 01.2020
- Maintained confidentiality of sensitive information, adhering strictly to company policies regarding data protection and privacy.
- Maintained a high level of organization while managing multiple accounts simultaneously, ensuring timely completion of tasks.
- Demonstrated adaptability by adjusting quickly to changing priorities or requirements while maintaining quality work output under pressure.
- Monitored ongoing transactions for potential issues or discrepancies, resolving problems proactively as they arose.
- Collaborated with team members to develop strategies for improving overall transaction management.
- Identified potential areas for improvement within the department, proposing solutions to increase productivity and reduce costs.
- Managed high-volume transactions effectively, maintaining accuracy and speed in a fast-paced environment.
- Ensured regulatory compliance by staying up-to-date with industry standards and applying them to daily tasks.
- Contributed to departmental goal achievement by consistently meeting or exceeding individual performance targets.
- Facilitated smooth interdepartmental communication by acting as liaison between teams involved in various stages of the transaction process.
- Developed strong relationships with clients through effective communication skills and understanding of their specific needs.
- Played a key role in successful audits by ensuring all required documentation was accurate, complete, and readily available for review.
- Reduced transaction errors through meticulous attention to detail and thorough documentation.
- Reconciled and recorded receipts, incoming cash, and other fiscal transactions.
- Investigated and resolved inquiries with billing and invoicing.
- Examined financial statements and records to collect important details and verify calculations.
- Trained new tellers in processes and procedures for financial institution, answering questions and providing guidance.
Education
M.Sc (Accounting and finance) -
University of Derby
Derby, DER 09.2022 - 11.2023
B.Sc. Accounting (Second Class Upper Division) -
Ajayi Crowther University
Oyo, Oyo State 02.2010 - 06.2013
Diploma in Accounting (Distinction) -
Ajayi Crowther University
Oyo, Oyo State 05.2009 - 08.2010
Skills
Sage 50 Accounts
QuickBooks
Xero
Sage Payroll
Microsoft Office
Pivot Table
VLOOKUP
Credit Control
Tax Compliance
Financial Analysis
Cash Flow Management
Profitability analysis
Management Reporting
Internal Controls
Report Preparation
Certification
ACA - Institute of Chartered Accountant of Nigeria
References
Available upon request
Interests
Reading
Gaming
Timeline
Accounts Assistant
Future Connect Accountants
11.2023 - Current
M.Sc (Accounting and finance) -
University of Derby
09.2022 - 11.2023
Management Accountant
Spectranet Telecoms Limited
01.2022 - 08.2022
Account Officer
Lead City University
10.2020 - 12.2021
Finance Transaction Officer and Claims Officer
Cornerstone Insurance Plc.
10.2016 - 01.2020
B.Sc. Accounting (Second Class Upper Division) -
Ajayi Crowther University
02.2010 - 06.2013
Diploma in Accounting (Distinction) -
Ajayi Crowther University
05.2009 - 08.2010
ACA - Institute of Chartered Accountant of Nigeria
ACCA - Association of Chartered Certified Accountants (In-view)
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