Johnson Abolarin
Head of Financial and Regulatory Reporting at Dot Microfinance Bank Limited
Accounting at Our Saviour Institute of Science, Agriculture and Technology (OSISATECH)
Nigeria
Hi, I'm Johnson Abolarin!
Head of Financial and Regulatory Reporting at Dot Microfinance Bank Limited
Accomplished accounting professional with expertise in financial reporting, payroll management, and risk assessment across diverse industries, including startups and Fintech companies.
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Experience
Dot Microfinance Bank Limited
Head of Financial and Regulatory Reporting
March 2022 - Present
Achieved timely preparation of monthly financial reports, reducing the reporting cycle by 10%. Safeguards revenue for different income lines in a Fintech company. Engaged and managed relationships with regulatory stakeholders (Tax, Pension, NDIC, CBN), maintaining a 90% positive satisfaction rate in regulatory interactions. Analyzed and interpreted financial data to provide insights into the company's financial performance. Submitted monthly returns for regulatory bodies such as CBN, TAX, and Pension. Produced monthly MPR (Monthly Performance Report) reports and conducted various financial analyses. Conducted general Ledger checks and oversaw general ledger management
Links MFB Limited- Bank SOFRI (Member of DLM Capital group)
Financial Controller
May 2021 - March 2022
Prepared monthly financial and management reports, ensuring a 98% accuracy rate and meeting reporting deadlines consistently. Analyzed and interpreted financial data, providing insights for a 20% improvement in decision-making. Prepared monthly returns for CBN, TAX, and Pension, maintaining a 100% compliance Produced monthly MPR reports and conducted various financial analyses Performed GL checks and oversaw general ledger management, reducing errors by 25%
Renmoney MFB Ltd
Senior Financial Reporting Associate
April 2019 - May 2021
Managed and maintained fixed asset schedules, ensuring proper tracking and documentation. Managed and maintained prepayment accounts, optimizing the utilization of prepayments for financial efficiency. Oversaw the management of Receivable and Payable Accounts, maintaining a balanced and organized ledger. Reviewed payment vouchers to ensure correct GL coding, minimizing errors in financial transactions. Reviewed payroll for correctness and accuracy of tax, pension, NHF, and loan deductions, ensuring compliance. Prepared and filed employee-related tax returns, including PAYE, ECF contributions, NHF contributions, and ITF contributions. Managed the tax compliance process, liaising with tax consultants and relevant tax authorities for seamless compliance. Advised on various issues, such as the tax treatment of pay items and Benefits In Kind (BIK) granted to employees.
Renmoney MFB Ltd
Compensation & Reward Specialist
August 2018 - April 2019
Prepared monthly payroll for the entire organization, covering both local staff and expatriates Managed staff data, maintaining an organized and secure database for efficient HR operations. Prepared employment contracts, ensuring compliance with relevant employment laws Maintains employee confidence and protects payroll operations by keeping information confidential Prepared Staff Cost Budget, forecasting and allocating resources effectively. Responded to employee inquiries regarding payroll issues or concerns Conducted payroll reconciliation for tax purposes with a 98% accuracy rate.
Lagoon Hospitals
Payroll Specialist
July 2017 - August 2018
Maintained employee confidence and protected payroll operations by handling information confidentially, contributing to a 100% data security record. Prepared monthly payroll reports, including staff costs and statutory deductions, enhancing financial transparency and decision-making. Analyzed and interpreted monthly payroll reports to provide insights for strategic decision-making. Entered and managed staff data on the HRIS portal, ensuring an up-to-date and accurate employee database.
Borkir International Co. Ltd
Financial Accountant
July 2013 - February 2017
Generated periodic expense and revenue reports, contributing to a 20% improvement in financial visibility for management. Collaborated with the accounts team to prepare accurate monthly and yearly financial reports, ensuring compliance with reporting standards. Managed fixed deposit funds, optimizing returns for enhanced financial performance. Created monthly and yearly expense and revenue budgets with a 98% alignment to organizational goals. Collaborated with external auditors, reducing audit completion time by 30%. Liaised with tax authorities during audits, maintaining a 95% satisfaction rate in regulatory interactions.
Seedvest Limited
Financial Accountant
June 2008 - July 2013
Generated risk reports to showcase the performance of each product, aiding in strategic decision-making and risk mitigation. Conducted credit analysis to assess client eligibility for obtaining a facility, ensuring sound risk management practices. Reviewed and updated risk control policies in alignment with changes in the business environment. Managed the booking of loan facilities and disbursements. Prepared and reviewed yearly expenses and revenue budgets.
Education
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Projects
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Languages
English
Native
Skills
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