Rachael Olufunke Ogunbodede
Akure North,Nigeria
Summary
Accomplished financial leader with extensive experience at Federal Polytechnic, Ile-Oluji, driving revenue growth and ensuring regulatory compliance. Expert in strategic planning and financial reporting, enhancing Internally Generated Revenue by 20%. Proven ability to provide insightful financial advice and foster collaboration, leveraging data analysis to optimize budget management and support institutional goals.
Overview
29
29
years of professional experience
Work History
Bursar
Federal Polytechnic, Ile-Oluji
04.2020 - 03.2025
- Provided updates to the Rector, who served as the accounting officer of the institution.
- Led the bursary department to improve financial management and service delivery across multiple divisions and units.
- Delivered quarterly activity reports to the Rector and the Governing Council of the institution.
- Collects revenue and make payments on behalf of the Institution through electronic platforms.
- Ensures compliance with due process and the financial regulations.
- Prepares the annual financial statements of the Institution.
- Makes sure that the financial account of the Institution is audited as at when due.
- Evolving and implementing strategic options in revenue generation and management which improves the Internally Generated Revenue (IGR) of the Institution.
- Encourages preparation and adherence to departmental budgeting and expenditure control.
- Preparation of financial reports, both for management decision making and meeting extant statutory requirements.
- Providing financial advice to the management.
- Collaborated as a member of the Management Tender Board to promote adherence to the Procurement Act 2007.
- Liaising with federal authorities and agencies of government on financial matters.
- Served as financial officer, responsible for overseeing financial operations at Federal Polytechnic, Ile-Oluji.
Deputy Bursar
Rufus Giwa Polytechnic, Owo
09.2019 - 01.2020
- Supervision of cash office of the Bursary where the following functions are being carried out.
- Writing of receipts for the institution’s revenues.
- Preparation of daily income schedules.
- Writing of cheques and confirmations for banks.
- Posting of receipts to cashbooks.
- Handling of payment vouchers.
- Liaising with Federal Inland Revenue Service and Board of Internal Revenue of Ondo State.
- Any other assignment given by the Bursar.
Chief Accountant
Rufus Giwa Polytechnic, Owo
01.2013 - 01.2016
- In addition to the above duties; Bank reconciliations with cashbooks were carried out.
- Posting to ledgers.
- Extraction of Trial balance.
- Preparation of monthly journals.
Principal Accountant
Rufus Giwa Polytechnic, Owo
01.2010 - 01.2013
- Supervision of the Final Account unit where the following functions were carried out.
- Preparation of Statement of Financial Position of the Institution.
- Preparation of Statement of Comprehensive Income.
- Extraction of trial balance.
- Liaising with the external auditor.
- Preparation of cash flow statement.
- Preparation of correction journals.
- Reconciliation of final balances.
Senior Accountant
Rufus Giwa Polytechnic, Owo
01.2008 - 01.2010
- Supervision of cash office.
- Preparation of daily cash balances.
- Preparation of weekly cash report.
- Maintenance of the Institution General Imprest.
- Report on the Income of the Institution.
Accountant I/Senior Accountant
Rufus Giwa Polytechnic, Owo
01.2005 - 01.2007
- Supervision of students’ unit of the Bursary.
- Preparation of students’ monthly journal vouchers.
- Supervision of students’ cashbooks and students’ ledgers.
- Lodgment of banker’s cheques to various banks.
Accountant I
Rufus Giwa Polytechnic, Owo
01.2003 - 01.2005
- Preparation of the salaries of the Institution workers.
- Preparation of the monthly salaries journal vouchers.
- Checking of salaries payment vouchers before authorization.
- Preparation of tax returns.
- Reconciliation of variations.
Accountant II
Rufus Giwa Polytechnic, Owo
01.2001 - 01.2003
- Reconciliation of the Institution accounts with various banks.
- Preparation of bank reconciliation statements and reports.
- Sorting out of the grey areas with affected banks.
NYSC
Nigeria Machine Tools, Osogbo
01.1996 - 01.1997
- Posting of General Ledger.
- Raising of cash advance payment vouchers.
- Analyzing and posting of retired cash advances into ledgers.
- Maintenance of individual ledger for staff cash advances.
Education
Ph.D. - Accounting
Joseph Ayo Babalola University
Ikeji-Arakeji, Osun State03-2026
Diploma in Management of Higher Education -
Galilee International Management Institute
Israel01-2022
Master of Science (M.Sc) - Accounting
Achievers University
Owo, Ondo state01-2019
Post Graduate Diploma - Financial Management
Imo State University
Owerri01-2006
Bachelor of Science (Hons) - Accounting
Adekunle Ajasin University
Akungba-Akoko, Ondo State01-2003
Higher National Diploma - Accountancy
Ondo State Polytechnic
Owo01-1995
National Diploma - Accountancy
Ondo State Polytechnic
Owo01-1993
West African School Certificate -
Owo High School
Owo, Ondo State01-1988
Skills
- Financial reporting
- Budget management
- Regulatory compliance
- Revenue generation
- Strategic planning
- Data analysis
Ad Hoc Duties
- Rufus Giwa Polytechnic, Owo, Member, Salary Discrepancy Committee (2005), Member, Matriculation Committee (2007, 2012), Chairman, Bursary Investigation Committee (2019)
- Federal Polytechnic, Ile-Oluji, Chairman, Promotion Appraisal Review Committee (2020 - 2021), Co-Chairman, Promotion Appraisal Review Committee (2022 - 2025)
Ict Proficiency
- Certificate of Proficiency, Computer Science Department of Rufus Giwa Polytechnic, Owo, 2011
- Certificate of Attendance, Technology Competence Initiative (TCI), 2009
Children Ages
- 25, 24, 21, & 14
Current Postal Address
Bursary Department, Federal University of Technology, Akure, Ondo
Permanent Home Address
8C Rabatel Millenium Garden, Owode, Akure North, Ondo
Awards
- Award of Appreciation, CAC, Oke Adeyanju, Akure, 11/30/25
- Award of Excellence, Federal Polytechnic, Ile-Oluji, 08/26/25
Publications
- Taxation as a Source of Revenue Generation in Local Governments, Nigeria, Osho, A.E., Ajayi D.A., Ogunbodede R.O., Research Journal of Finance and Accounting, 2019
- Sustainability Accounting Reporting and Financial Performance of Listed Oil and Gas Firms in Nigeria, Ogunbodede, Rachael Olufunke, International Journal of Business Management and Economic Review, 2025
References
- Prof Emmanuel Adedayo Fasakin, Federal University of Technology, Akure, 08034742109
- Dr. Olugbenga Jinadu (FCA), Director of Academic Planning, Rufus Giwa Polytechnic, Owo, 08033840235
- Dr. Jerome Idiegbeyan-Ose, University Librarian, McPherson University, Seriki-Sotayo, Ogun State, 07068185190
Extracurricular Activities
Mentoring and Singing Hymns
Training
- 19th Western Zonal Accountant Conference, 02/05/25 - 02/08/25, Ikeja, Lagos
- The 54th Annual Accountants Conference, 10/07/24 - 10/11/24, Abuja
Professional Memberships
- Institute of Chartered Accountants of Nigeria, Fellow (FCA), 2020
- Institute of Chartered Accountants of Nigeria, Associate (ACA), 2009
- Institute of Cost and Management Accountants, Associate (ACMA), 2003
Personal Information
- Number of Children: 4
- Date of Birth: 06/13/71
- Nationality: Nigerian
- Marital Status: Widowed
- Place of Birth: Ondo
Timeline
Bursar
Federal Polytechnic, Ile-Oluji
04.2020 - 03.2025
Deputy Bursar
Rufus Giwa Polytechnic, Owo
09.2019 - 01.2020
Chief Accountant
Rufus Giwa Polytechnic, Owo
01.2013 - 01.2016
Principal Accountant
Rufus Giwa Polytechnic, Owo
01.2010 - 01.2013
Senior Accountant
Rufus Giwa Polytechnic, Owo
01.2008 - 01.2010
Accountant I/Senior Accountant
Rufus Giwa Polytechnic, Owo
01.2005 - 01.2007
Accountant I
Rufus Giwa Polytechnic, Owo
01.2003 - 01.2005
Accountant II
Rufus Giwa Polytechnic, Owo
01.2001 - 01.2003
NYSC
Nigeria Machine Tools, Osogbo
01.1996 - 01.1997
Ph.D. - Accounting
Joseph Ayo Babalola University
Diploma in Management of Higher Education -
Galilee International Management Institute
Master of Science (M.Sc) - Accounting
Achievers University
Post Graduate Diploma - Financial Management
Imo State University
Bachelor of Science (Hons) - Accounting
Adekunle Ajasin University
Higher National Diploma - Accountancy
Ondo State Polytechnic
National Diploma - Accountancy
Ondo State Polytechnic
West African School Certificate -
Owo High School