Mayowa Idris Olasupo

Upper Credit

Upper Credit

• Responsible for compliance with the regulatory requirements of NAICOM in terms of preparing and submission of monthly returns, quarterly returns, bi-annual returns, and submissions of various forms and reports as required in stipulated templates within given deadlines.
• Responsible for the filing and submission of AML/CFT related matters in compliance with NAICOM guidelines on anti-money laundering and terrorism finance.
• Assists the external auditor in the preparation of the audited financial statements in accordance with IFRS and NAICOM guidelines.
• Responsible for the proper bookkeeping of account records, and real-time posting on the accounting software.
• Responsible for providing and preparing management reports and management accounts as and when required.
• Responsible for compliance with statutory regulators in terms of tax deductions and remittances i.e. PAYE remittance, VAT remittance, withholding tax remittance, and other compulsory deductions.
• Responsible for the renewal of all statutory certificates/documents such as ITF, NSITF, DPR, BPP, NIPEX, PENCOM, and other relevant certificates.
• Responsible for budget preparation and administration.
• Responsible for performing monthly bank account reconciliation.
• Monitor accounts payable and receivables to ensure optimal level.
• Carry out a cost-benefit analysis of investment options available to the organization.
• Responsible for the reconciliation of Clients account statements.
• Responsible for petty cash handling including petty cash records and completion of cash reconciliation at each month's end.
• Coordinates the activities of other departments to ensure that the financial goals of the organization are implemented and accomplished.
• Regularly review debtors' statements to ensure credit control procedures are implemented.

• Developed a comprehensive financial reporting and accounting system to reflect growing organizational complexity.
• Proposed a systemic approach to premium remittance within credit note limit.
• Reconciled monthly account receivables with debit notes generated to ensure compliance with the “no premium no cover” policy of NAICOM.
• Liaised with the branch on operating overheads and design flexible budgets to monitor expenditures level.
• Oversee the preparation, and submission of statutory reports for certificate renewal i.e. NSITF, ITF, and PENCOM.
• Effectively manage daily operations and administrative duties for an efficient and productive workforce
• Performed complex general accounting functions, including preparation of journal entries, account analysis, and account reconciliations
• Advised the executive director on investment opportunities and the most effective cost control to reduce expenditures and increase company profits
• Oversee the preparation of the inter-departmental budget and effective monitoring
• Prepared quarterly, bi-annual, and annual reports for regulatory authority in strict compliance with stipulated guidelines

• Compiled financial data, and summaries, analyzed and communicate account information to executive management for monthly briefings.
• Generated premium remittance schedule within credit note period and ensure disbursement to insurance companies before the 21st of every calendar month.
• Filed tax returns and prepared regulatory reports in compliance with strict standards.
• Prepared management accounts for presentation to senior management.
• Performed complex general accounting functions, including preparation of journal entries, account analysis, and account reconciliations.
• Prevented major instances of email fraud intended to scam the company of huge amounts of foreign currency.
• Trained graduate trainees on company policies and accounting procedures.

• Creating and processing invoices.
• Cross-checking invoices with payments and expenses to ensure accuracy.
• Managing the company's accounts payable and receivable.
• Sending bills and invoices to clients.
• Tracking organization expenses.
• Processing bank transactions.

• Assisted the internal auditor in collating petty vouchers at the end of every week.
• Effectively carry out work designation as a control officer.
• Effectively carry out work designation as customer service representatives.
• Effectively carry out work designation as a cash collection officer.

• Compiled financial data and accounting information for external consultants.
• Prepared income and expenditure account for various jobs.
• Prepared monthly reconciliation.
• Carried out all banks and related transactions.
• Carried out warm and cold calls to customers interested in the real estate and property development of the company.
• Efficiently respond to all official correspondence.

• To update stakeholders on the concepts of money laundering and terrorism financing.
• To keep stakeholders update on the federal government stance on the various AML/CFT guidelines and how NAICOM and NFIU have been collaborating to ensure compliance by Insurance industry.
• To educate stakeholders on the essence and importance of KYC in the fight against ML/TF.
• To guide stakeholders on adherence to compulsory reporting guidelines and penalty for non-compliance.

To be provided upon request.