Favour Adesegha
Dallas,TX
Summary
Dedicated Accounting professional with a solid background in Accounts Payable & Receivables.Proficient in managing invoices, tracking expenses, and updating vendor files. Trained in full-cycle AP & AR, posting and processing payments with SAP, AX Dynamics, Laserfische, AS400, VMS, Avid Exchange, Ciraconnect CRM, & Strongroom Software. Strong attention to detail with a methodical approach to keeping accurate records.
Well-organized AP/AR Specialist accomplished in processing vendor invoices and maintaining updated systems. Expertly handles checks and produces aging reports and invoice registers. Detailed in invoice reconciliation to minimize overpayments, with experience driving revenue growth and cost optimization strategies. ; Delivered $7M in Cost savings and 12% YoY increase in EBITDA in current Role. Strategic leader in management field known for high productivity and efficient task completion. Possess specialized skills in operational strategy, team leadership, and conflict resolution. Excel in communication, adaptability, and problem-solving to achieve organizational goals.
Overview
13
13
years of professional experience
Work History
Senior Manager, AP & AR/Shared Services
ADVANCED ASSOCIATION MANAGEMENT
Plano, TX
03.2023 - Current
- Reviewed contracts with vendors to ensure compliance with regulations and terms and conditions.
- Ensured compliance with applicable laws, regulations, industry standards.
- Provided leadership and guidance to subordinate managers and supervisors.
- Analyzed data trends and identified potential risks or opportunities associated with operations.
- Managed day-to-day operations of a large staff in multiple departments.
- Coordinated activities between different departments to ensure successful completion of projects.
- Developed and implemented operational strategies to maximize efficiency, reduce costs, and improve customer satisfaction.
- Prepared detailed reports outlining operational results on a regular basis.
- Analyzed financial data to make informed decisions on cost savings initiatives.
- Oversaw the implementation of new technology solutions designed to streamline processes.
- Developed and implemented operational policies and procedures to improve efficiency.
- Oversaw staff training programs aimed at improving knowledge base and competencies related to shared services activities.
- Developed key performance indicators to measure operational success in terms of cost savings, customer satisfaction.
- Served as an interface between IT teams and business users during system upgrades or migrations involving sharing information or data points.
- Researched and processed past-due invoices
- Organized and Tracked non-PO invoices and Ensuring on time payments
- Collaborates with Buyers and Property Staff to Reconcile Undelivered Commitments, Receiving Reports and Vouchered or Unvouchered Accounts Payables
- Set up EFT’s & ACH for Vendors/ Clients
- Client Support Services.
- Implemented strategies for automating organizational processes.
- Maintained accurate records of all data collected during analysis processes.
- Utilized document management system to organize company files, keeping up-to-date and easily accessible data.
- Collaborated with cross-functional teams on projects related to analytics initiatives.
- Coached team members on best practices related to job duties associated with providing high quality service delivery.
- Evaluated new technologies that could be leveraged for optimizing shared services operations.
- Managed the day-to-day operations of the shared services department.
- Managed a portfolio of delinquent accounts and implemented strategies to reduce delinquency.
- Monitored customer accounts for payment trends, credit worthiness and compliance with terms.
- Negotiated repayment arrangements with customers to ensure timely payments were made.
- Prepared monthly reports on collection activities, aging status and performance metrics.
Senior Accounts Payable Manager
REALMANAGE FAMILY BRANDS
Plano, TX
01.2022 - 03.2023
- Performed full cycle account payable by processing invoices using 2 and 3 - way match creating workflows.
- Maintained accurate records of transactions using an electronic document management system.
- Resolved discrepancies by communicating with Vendor Account Receivable Unit and addressing discrepant invoices based on the type and nature of the discrepancy
- Matched invoices to express checks and obtain relevant signatures
- Processed between 200 & 230 invoices daily using EPICOR (Prophet 21)
- Collaborated with cross-functional teams to develop annual operating budgets and long-term strategic plans.
- Reviewed contracts between vendors and suppliers ensuring compliance with company policy and regulations.
- Drafted presentations illustrating key insights from financial analyses for use in board meetings and investor relations events.
- Coordinated the annual audit process by preparing schedules and organizing documents requested by auditors.
- Recommended changes in existing accounting practices or procedures in order to improve efficiency and accuracy.
- Evaluated potential investments, acquisitions, mergers, and other corporate transactions for their effect on the organization's finances.
- Coordinated the resolution of customer disputes relating to past due invoices or charges.
- Managed credit card programs including issuing cards and reconciling monthly statements.
- Assisted external auditors during year-end audit process by providing required documentation.
Senior Accounts Receivable Administrator
PURVIS BEARING INDUSTRIES
Dallas, TX
01.2020 - 01.2022
- Collaborated with other departments such as Purchasing, Receiving, Accounting, and IT regarding accounts payable matters.
- Developed and maintained relationships with vendors to ensure timely payment of invoices.
- Trained new employees on Accounts Payable processes.
- Managed petty cash funds for multiple entities.
- Performed special projects as assigned by Accounts Payable Manager or Controller.
- Identified opportunities for cost savings through improved supplier management practices.
- Reconciled supplier accounts on a regular basis to ensure accuracy of financial records.
- Identified opportunities for process improvements within Accounts Payable operations.
- Reviewed reports each day to identify and resolve billing issues.
- Checked that all vendors had submitted accurate and complete W-9 forms required for payments.
- Applied mathematical skills to calculate totals, check figures, and correct problems with physical and digital files.
- Managed accounts receivable and payables processes, including invoicing, payments, and collections.
- Researched and resolved customer inquiries regarding account status and payment issues.
- Reviewed customer accounts regularly to identify discrepancies in billing or payment history.
- Monitored cash flow position on a daily basis and provided timely updates to management.
- Reconciled bank statements on a regular basis.
Accounts Payable Coordinator ( Contract)
DataCorp - IT Solutions
Houston-Dallas, TX
02.2019 - 01.2020
- Performed full cycle account payable by processing invoices using 2 and 3 - way match
- Processed between 100 and 130 invoices daily using Microsoft Dynamics (AX 2012)
- Resolved discrepancies by communicating with Vendor Account Receivable Unit and addressing discrepant invoices based on the type and nature of the discrepancy
- Set up & Managed new vendors on AX 2012
- Matched invoices to express checks and obtain relevant signatures
- Developed strong working relationships with internal departments in order to ensure timely resolution of inquiries related to accounts payable matters.
- Resolve inquiries from vendors regarding payment or statement discrepancies
- Ensure priority is given to discount vendors so the company can take advantage of the discount offered by the vendor
- Processed expense invoices by obtaining approval and General Ledger Code {GL} from the Territory Manager
- Researched and processed past-due invoices
- Perform other administrative account duties such as making copies of invoices, scanning and uploading documents
- Prepare and process checks (Mid-month & Month end).
- Conducted periodic reviews of vendor files for completeness, accuracy, and up-to-date documentation.
- Researched invoice disputes and discrepancies with vendors in order to resolve issues quickly.
- Assisted with month-end closing process by preparing necessary accruals and adjusting entries.
- Verified that all vendor invoices have been approved according to policy before processing payments.
- Generated 1099 forms for all applicable vendors.
- Prepared checks for signature on a daily basis or as needed per vendors' requirements.
- Analyzed vendor contracts for accuracy of terms and conditions prior to authorizing payments.
- Audited expense reports for accuracy of coding against the company's chart of accounts.
Vendor Relationship Manager- Business Development
Assurant Li
Lewisville, TX
12.2017 - 01.2019
- Developed procedures to ensure customer satisfaction, including responding to inquiries and resolving problems.
- Created and maintained customer accounts, including entering data into the company's computer system.
- Provided technical support for customers regarding product use and delivery.
- Developed promotional materials and campaigns targeting potential new customers.
- Attended industry conferences and trade shows as a representative of the company.
- Prepared monthly reports detailing customer service activity metrics such as response times, resolution rates.
- Monitored competitor activities in order to remain competitive in the marketplace.
- Analyzed customer feedback data to identify areas for improvement in customer service processes.
- Implemented strategies that improved communication between departments, resulting in better collaboration on projects.
- Researched and resolved customer complaints promptly and efficiently.
- Coordinated with other departments to ensure customer orders were fulfilled in a timely manner.
- Analyzed customer feedback surveys to identify areas of improvement in products or services offered.
Senior Business Development Executive
Stanbic IBTC Bank
Lagos, Nigeria
04.2012 - 08.2017
- Established new accounts for corporate and retail customers in compliance with bank policies and procedures.
- Analyzed loan applications to determine creditworthiness of prospective customers.
- Collaborated with internal teams on projects aimed at improving customer experience.
- Trained junior bankers on relationship management techniques and best practices.
- Performed daily account maintenance activities for a portfolio of high net worth clients.
- Evaluated customer requests for overdrafts or line-of-credit increases.
- Attended industry events to promote the bank's services and build relationships with potential partners and clients.
- Participated in weekly sales meetings to discuss progress towards goals, challenges faced.
- Prepared regular reports detailing performance metrics against established targets.
- Reviewed customer feedback data and identified areas of improvement in service delivery.
- Conducted market research and analysis to identify new business opportunities.
- Participated in weekly meetings with executive leadership team members to discuss progress toward goals.
- Organized meetings between senior management and prospective customers.
- Developed and implemented strategies to increase sales and market share.
- Maintained a database of existing customers and prospective leads.
- Managed all aspects of client accounts including contract negotiations, project planning, budgeting, invoicing and payment processing.
- Drafted proposals for prospects in response to their requests for information.
- Researched target markets to understand the needs of current and potential customers.
Education
BSc. Mathematics {HONS} -
University of Portharcourt
Certified Scrum Master (CSM)| Scrum Alliance
CERTIFICATION
IC Agile - Agile Team Facilitation (ICP-ATF)
CERTIFICATION
ICAGILE -Agile Coaching Certification (ICP-ACC)
Certification
Skills
- Project Planning & Project Management (Agile ,Scrum)
- Pricing Assessments
- Accounts Payable / Receivable (AP/AR)
- Procurement Specialist
- Business Analysis & Financial Data Presentation
- Client Support Services & Vendor Management
- Good Collaborator/ Excellent Team Player
- Proficiency in Excel (VLOOKUPS & Pivot Tables)
- Payment Processing & Bank Reconciliation
- Cash Flow Management & Financial Modeling
- Internal Auditing & Quality Assurance
- Financial & Expense Reporting
- Budgeting & Internal Controls
- Transaction verification & Disbursement Control
- Account reviewing & Financial research
- Payroll Administration / Time Management
- Data Entry / GL Coding
- Electronic Payments & Payment Scheduling
- Team Building & Collaborations
- Sustainable Procurement & Contract Management
- Cost Optimization & Performance Tracking
- Credit Card Reconciliation
- 1099 Preparation & Accounts Payable Auditing
- Complaint resolution & Strategic Communication Management Professional
Timeline
Senior Manager, AP & AR/Shared Services
ADVANCED ASSOCIATION MANAGEMENT
03.2023 - Current
Senior Accounts Payable Manager
REALMANAGE FAMILY BRANDS
01.2022 - 03.2023
Senior Accounts Receivable Administrator
PURVIS BEARING INDUSTRIES
01.2020 - 01.2022
Accounts Payable Coordinator ( Contract)
DataCorp - IT Solutions
02.2019 - 01.2020
Vendor Relationship Manager- Business Development
Assurant Li
12.2017 - 01.2019
Senior Business Development Executive
Stanbic IBTC Bank
04.2012 - 08.2017
BSc. Mathematics {HONS} -
University of Portharcourt
Certified Scrum Master (CSM)| Scrum Alliance
CERTIFICATION
IC Agile - Agile Team Facilitation (ICP-ATF)
CERTIFICATION
ICAGILE -Agile Coaching Certification (ICP-ACC)
Certification
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