Summary
Overview
Work History
Education
Skills
Timeline
Generic

Lola Fakoya

Las Vegas,NV

Summary

Results-driven accounting leader with over 20 years of experience in capital accounting, general ledger management, and financial statement preparation. Proven ability to lead teams effectively while ensuring accuracy and compliance in all financial operations. Strong commitment to achieving goals and delivering high-quality results drives successful completion of complex projects. Expertise in fostering collaborative environments that enhance team performance and support organizational objectives.

Overview

19
19
years of professional experience

Work History

Director of Finance Operations

Excalibur Hotel & Casino
01.2022 - Current
  • Oversee financial operations, ensuring compliance with regulatory standards and internal policies.
  • Oversee the Senior Manager of Casino Finance and the Count Team department.
  • Review the Monthly, Quarterly and Annual gaming compliance filing before submission.
  • Complete the monthly Yardi Tenant sales and lease revenue files for the various tenants within the Super POD that is used by financial planning to complete the Monthly Business Review and the Leased Revenue by Outlet Budget Comparison report.
  • Attend Monthly Business Review meetings with the various department heads and review the final.
  • Collaborate with Financial Planning by attending the DOR Mid-Month Review to go over the expenses and inform them of any extraordinary items that might affect the budget.
  • Maintain and update the capital spend tracker for the Super POD to ensure corporate accounting policy has been adhered to.
  • Lead monthly P&L review meetings with departments
  • Collaborate with the Finance Shared Service Center and property operators by being the liaison to ensure that conflicts are resolved in a timely and professional manner.
  • Developed and implemented process improvements to enhance operational efficiency across finance departments.
  • Analyzed financial reports, identifying trends that informed decision-making and supported organizational goals.
  • Mentored staff on best practices in finance operations, fostering professional development and skill advancement.
  • Reviewed documentation and identified financial discrepancies where applicable.
  • Reported issues to higher management with great detail.

Sr. Capital Accounting Manager

MGM Resorts International
07.2016 - 01.2022
  • Supervise eight senior accountants responsible for managing the capital expenditures of thirteen properties in Las Vegas and around the country
  • Facilitate quarterly capital spend reporting meetings with property Chief Financial Officers and Directors of Finance and resolve any issues they may have regarding our process
  • Collaborate with departments such as tax, corporate accounting, and construction design
  • Manage capital expenditure process and entry of completed projects into the Fixed Asset system
  • Managed the additions of over $100M of FF&E assets for the opening of MGM National Harbor which was billion-dollar project in 2017
  • Managed the additions of FF&E assets for the opening of MGM Springfield in 2018
  • Monthly planning of tasks and projects to ensure deadlines are met
  • Coordinate with internal and External auditors for yearly audit
  • Review of Estimated & Accelerated Depreciation Calculations monthly for projects that are substantially complete but have not been entered into the Fixed Asset system
  • Advise Operational properties on matters of Capital Policy and issuing, tracking, and reporting of Capital Projects
  • Coach and Develop Accountants

Fixed Asset Supervisor

MGM Resorts International
02.2015 - 06.2016
  • Monthly approval of over 300 account reconciliations
  • Approve asset retirements and transfers completed by Accountants
  • Approve uploads of monthly journal entries prepared by Accountants
  • Monthly Close of the Fixed Assets System to the General Ledger System
  • Review of Cost Segregation information provided by third party for multi-dollar projects
  • Monthly review of estimated & accelerated depreciation calculations
  • Development of an effective and comprehensive skill set.

GL Accountant

New York New York Hotel
06.2006 - 02.2015
  • Preparation of balance sheet account reconciliation and posting of recurring and non-recurring monthly journal entries.
  • Review of the financial statement and assist in closing of the books in a timely manner as set by corporate.
  • Review and research with department heads on their preliminary and final P&L review.
  • Assist departments with annual budgeting, and capital expenditure budgeting to insure it meets property and corporate strategy.
  • Experienced in working with divisions operations to achieve company financial goals.
  • Assist in the preparation of property CFO and Corporate financial schedule request. This includes Schedules include CIP Tracking Schedule, Fixed Asset Roll forward Package, Property Tax Declaration Package and Property Non-Specific Schedule.
  • Supervise and train new employees and assist in the development of an effective skill set.

Education

MBA - Finance

Capella University
Minneapolis, Minnesota
06.2014

Bachelor of Science - Accounting

Olabisi Onabanjo University
Ago-Iwoye Nigeria
06.2000

Skills

  • Proficient in Oracle ERP Cloud
  • Proficient in Oracle EPM Cloud
  • Proficient with Microsoft Excel, Word, Outlook and Access
  • Proficient in Coupa solutions
  • Conducting performance reviews
  • Financial closing processes
  • Collaborative team guidance
  • Effective Time Management
  • Effective organizational skills
  • Detail-oriented approach
  • Proficient in managing multiple tasks
  • Cross-functional teamwork

Timeline

Director of Finance Operations

Excalibur Hotel & Casino
01.2022 - Current

Sr. Capital Accounting Manager

MGM Resorts International
07.2016 - 01.2022

Fixed Asset Supervisor

MGM Resorts International
02.2015 - 06.2016

GL Accountant

New York New York Hotel
06.2006 - 02.2015

MBA - Finance

Capella University

Bachelor of Science - Accounting

Olabisi Onabanjo University

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