Solomon Olusegun Omidiji
Accounting, Banking, Finance, & Higher Education
Dumfries,VA
Overview
36
36
years of professional experience
7
7
years of post-secondary education
Work History
Financial Systems Data Analyst
Avicenna Accounting Automation (Public Accounting), Inc.
Vienna, VA
10.2021
- Used technologies to extract data and information from data sets and identify correlations and patterns, summarize details for accounting and reporting
- Acquired data from primary or secondary data sources and maintain databases/data systems in shared folders
- Organized and transformed information into comprehensible data structures for accounting and reporting needs
- Used data to predict trends and patterns in complex data sets, forecast, and plan operations for clients using appropriate technologies - ERPs, MS Office Software Suite, Sage 50 Accounting, and other software systems
- Performed statistical and accounting analysis of clients' operations data and reporting information
- Used tools and techniques to visualize data in easy-to-understand formats, such as diagrams and graphs
- Prepared data reports and presentation for management or clients- such as financial and operations data compilation and summarization for payroll reports, income and loss and balance sheet/reconciliation statements
- Filtered, cleaned, and monitored data quality and removed corrupt data
- Communicated and worked with management and clients to understand data content and requirements for business and information needs, and aid redefinition of operation processes for improvement opportunities.
Senior Financial Cost Accountant
Creativision Inc. (dba Performance Display)
Grimes, IA
03.2017 - 01.2018
- Prepared periodic managerial financial analysis, including profit and loss accounts, project contribution margins, budgets, cash flows, variance analysis, cost-volume-profit analysis, and commentaries, and identified root causes and recommended cost control solutions
- Analyzed past financial performance relative to business plans, forecasts, and budgets and advised on the financial consequences of business decisions, strategies, and policies
- Worked with project estimators on costing and pricing issues affecting jobs or projects
- Advised on company-wide cost reduction and control initiatives by identifying and analyzing activities, systems, technologies, and processes vital to sustaining competitive costing, product quality, and margins improvements
- Assisted financial accounting and supply chain teams in instituting and reporting inventory controls, periodic audit, and physical inventory cycle counts to senior management
- Evaluated justification for capital expenditure, cost savings initiatives, and performed post-project completion profitability analysis to explain overall manufacturing process performance.
- Assisted with compilation and rendition of periodic sales and use tax returns to various states
- Performed daily balancing of operations staff payroll and time sheets in Global Shop ERP
Managerial Cost Accountant
Terrill Manufacturing Company, Inc.
San Angelo, TX
04.2015 - 03.2017
- Prepared periodic managerial financial statements, including profit and loss accounts, contribution margins, budgets, cash flows, variance analysis, and cost-volume-profit analysis
- Supervised and led enterprise resource planning system (ERPs) implementation, created management/cost accounting reports, and trained others in the use of Epicor ERP system
- Developed key performance indicators to measure costs, profitability, and operational goal behavior
- Worked with the Chief Financial Officer in the development of an effective activity-based and job order cost accounting systems to support production operations and pricing strategy
- Assisted the CEO/President to develop strategic plans and advised on the financial implications and consequences of business strategies and operational decisions on overall corporate performance, goals, and long-term growth
- Analyzed financial performance relative to medium and long-term business planning and forecasts
- Worked with estimators on project costing and pricing strategies and processes to enhance performance
- Managed finance sourcing and credit documentation processes and relationships to fund operations
- Offered professional judgement on financial matters and advised on business performance
- Interpreted and communicated financial data to non-financial managers and corporate executives
- Monitored and evaluated financial information systems and suggested necessary improvements
Staff Accountant - Retail Accounting & General Ledger
PMG/E&C Enterprises, Inc.
Woodbridge, VA
01.2014 - 04.2014
- Performed periodic reconciliation for operating, investment, and depository accounts
- Conducted daily/weekly balancing and reconciliation of all stores cash differences
- Prepared, reported, analyzed, and monitored periodic budgets and plans for all retail gas stations and convenience stores network and corporate departments
- Responded to investigative enquiries from departmental heads, district development, and regional managers regarding sales cash deposits and balances reconciliation, operating budgeted expenses and performance variances analysis
- Processed cash management entries (inputs) into PDI Enterprise system and rendered daily cash reports of interbank and intra-bank EFT wire/ACH transfers
- Identified and generated month-/year-end GL analysis, closing/adjustment journal entries, and financial reporting statements; provided improvement solutions to process problems or tasks
- Reviewed, researched, and reconciled discrepancies, and posting errors/difference with operating units and proposed appropriate adjustments
- Investigated/reconciled Accounts Payable, Accounts Receivable, & Fixed Assets GLs
- Performed other accounting and managerial duties as assigned by supervisors
- Collaborated with other finance staff and departments on special projects and process improvements
Accounting & Business Tutor
Link-Systems International, Inc./NetTutor
Tampa, FL
01.2011 - 01.2012
- Conducted within NetTutor synchronous and asynchronous online learning technologies, one-on-one and small group college/university level tutoring in accounting, business, finance, and economics, and mathematics (college algebra, geometry, and trigonometry)
- Motivated learners with learner-centered virtual presence, learning pedagogies, facilitation skills, and strategies which increased student traffic and satisfaction
- Designed course study guides and materials that consistently supported learning processes, strategies, and helped in contents assimilation by online learners
- Designed marketing information materials and conducted e-marketing of NetTutor's tutoring services to target markets - educational institutions at all levels
Accounting & Business Intern Tutor
TRC Staffing/LSI-Net-Tutor, Inc.
Tampa, FL
02.2010 - 10.2010
- Conducted within NetTutor synchronous and asynchronous online learning technologies, one-on-one college/university level tutoring in accounting, business, finance, and economics
- Motivated learners with learner-centered virtual presence, learning pedagogies, facilitation skills, and strategies which increased student traffic and satisfaction
Assistant Professor - Business & Finance
University of Northern Virginia
Manassas, VA
04.2005 - 12.2008
- Facilitated graduate and undergraduate courses: International/Multinational Management/Principles of Management/Human Resource, International Financial, & Commercial Bank Management/Teams, Groups & Leadership/Organizational Theory & Design/Principles of Marketing/Introduction to Business, & Ethics
- Served on program evaluation, quality improvement, and faculty committees
- Performed faculty-related administrative duties: student advising and counseling
- As admissions counselor, professionally rendered recruitment and counseling services to domestic and international students on admission, financial planning, and enrollment/registration
Director, Budgeting and Planning
University of Northern Virginia
Manassas, VA
06.2007 - 07.2008
- Initiated new financial planning, reporting, and controlling models to guide tactical and strategic decision-making and performance metrics analysis
- Secured the first major capital project finances with a proposal submitted to banks
- Sourced and introduced an online strategic planning and budgeting (SPOL) software
- Managed short- & long-term institutional operating and capital budgets
- Researched accounting and budgeting issues and generated solutions for SBUs efficiency
- Enhanced management decision-making efficiency with value-adding periodic financial statements and budget variances analysis and reports compilation
- Developed institutional systems for statistical research, reporting, and planning for 'Academic Quality and Institutional Effectiveness Programs' (AQIEP)
- Assisted the CFO with timely and accurate fiscal planning and periodic financial reporting
Managing Consultant/Owner
G.E.M. Consulting
Lagos, Lagos State
10.2003 - 12.2004
- Provided value-driven business advisory and feasibility report services to firms
- Utilized wealth of banking experience to deliver cross-border financial consulting services in key economic sectors: energy, information-communication technologies, aviation, and real estate
- Provided efficient financial due diligence consultancy services to a multi-million-dollar oil & gas exploration & production joint venture in Houston, Texas
General Manager, Finance and Business Development
Relionus Investment Limited
Lagos, Lagos State
11.2003 - 10.2004
- Coordinated and directed financial planning, budgeting, accounting, and reporting
- Consulted on and facilitated negotiations for a $5 million petro-chemical products import credit line with favorable terms through utilization of experience in international banking and trade financing with local banks
- Managed business development finance activities for the company's energy ventures
- Performed accounts payable, receivable, billing, vendor relationship contracting, and invoice settlements, and bank reconciliations functions
Deputy Gen. Manager, Corporate Banking, Risk Assets Magt., & Special Bus. Dev.
City Express Bank Plc (acquired by UBA Plc.)
Victoria Island, Lagos
04.2000 - 09.2003
- Achieved 90% performance rate on over $15 million in micro-enterprise credit lines
- Boosted profitability from cross-border finances sourced for mobile telephony and ICT projects
- Served as Vice Chair on Assets & Liabilities (ALCO) and Chair on Strategic Business Development Committees
- Reduced troubled risk portfolios to increase profitability performance by 30% with implementation of aggressive assets turnaround strategies
- Increased branch offices network by 400% from 4 to 20 in 3 years through implementation of about $10 million branch construction projects within 3 years
- Achieved 50% growth in energy risk assets with a new market-specific product called 'Cenergy'
- Assisted the CEO's in executing corporate level functions with focus on financial and human resources (~500 staff); strategic planning, business development/marketing, & public relations
- Managed financial accounting, budgeting, business planning, internal controls, information technology, regulatory compliance, and corporate/retail banking divisions
- Enhanced branch communication efficiency with installation of $1.0M V-SAT-Radio telelinks
- Oversaw bank-wide development & implementation of accounting policies & systems
- Researched accounting issues and initiated best solutions to support decision making
- Conducted periodic financial statements analysis based on regulatory health metrics
- Supervised daily reconciliation of banking operations, ARs, APs, inter-branch accounts, fixed assets accounting and identification, and general ledgers
- Worked closely with a Big-4 audit firm and regulatory examiners on end-of-year statutory financial closure, audits, and various complex compliance reporting
- Improved operating efficiency with periodic bank-wide internal audit & controls programs
Senior Regional Manager, Eastern Banking Operations
Trust Bank for Africa (formerly NewWorld Merchant Bank) Limited
Port Harcourt, Rivers State
09.1997 - 04.2000
- Achieved market recognition and profitability within two years of leading the bank's energy banking operations in the country's biggest economic sector - oil & gas - eastern region
- Developed profitable southeastern regional market consumer debit & credit cards operations
- Mobilized high net worth clients' deposits to support bankwide treasury funding pool
Manager/Head, Corporate Banking
Comet Merchant Bank Limited
Victoria Island, Lagos
11.1990 - 09.1997
- Recovered $20,000 profit above outstanding textile looms lease facility of $700,000, earned CEO commendation letter, and promotion (March 1995)
- Played active team roles in Nigeria's first private airline $2m syndicated aircraft lease
- Developed and marketed corporate commercial papers, banker's acceptances, and other credit-based financial services across Nigeria's major economic sectors
- Managed loans and advances performance, recovery, administrative restructuring, and classification per regulatory reporting standards/metrics
Credit Officer/Head, Credit Marketing Department, Apapa Branch
Universal Trust Bank of Nigeria Ltd. (now UBN, Plc.)
Victoria Island, Lagos
04.1990 - 10.1990
- Managed small, medium, and large corporate and consumer credit portfolios and achieved high repayment rates with positive impacts on branch liquidity & profitability
- Achieved 50% liquidity growth from aggressive recovery of non-performing accounts and succeeded in turning around top 10% of classified risk assets within 6 months
- Boosted branch liquidity by 25% by aggressively marketing institutional investors
- Analyzed financial statements and prepared credit proposals to support blue chip corporate clients' credit requirements for management approval
Credit Analyst/Officer, Ilupeju Branch
United Bank for Africa Plc
Lagos
06.1982 - 04.1990
- Managed corporate and private checking and savings accounts operations
- Analyzed financial statements and prepared credit proposals to support blue chip corporate clients' credits for management/board approval
- Processed and marketed commercial papers and bankers' acceptance investment and lending placements to corporations and high net worth individuals (HNIs)
- Performed securities perfection and administration to secure loans and advances
- Conducted exposure risk assessment on all credit portfolio to facilitate loan loss minimization, risk assets restructuring, securities realization, and maximize collection
Summary
Organized and dependable entrepreneurially-minded and results-oriented professional, with proven ability to successfully manage multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals. Experienced leader with strong background in guiding teams, managing complex projects, and achieving strategic objectives. Excels in strategic thinking, communicating effectively, developing efficient processes, ensuring high standards, and aligning efforts with organizational goals. Known for collaborative approach and commitment to excellence and organizational performance.
Certification
- ACIB - Banking and Finance (1987-Present) -Chartered Institute of Bankers of Nigeria
- ACCA (P1), Association of Chartered Certified Accountants (UK)
Education
MBA - Accounting *CFO/Controller Track (3.56 GPA)
The University of Tampa
Tampa, FL 01.2009 - 12.2010
Master of Science - Information Technology (Technology Management) 4.0 GPA
University of Potomac
District Of Columbia/Virginia 04.2019 - 06.2021
MBA - Finance And Geospatial Intelligence (3.75 GPA)
University of Potomac
District Of Columbia/Virginia 04.2022 - Current
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Accomplishments
- Supervised team of 500+ staff members.
- Made recommendations on business financial budgeting and planning tools (SPOL) to support remote approval processing of departmental budgets, plans, and budgeted expenses .
- Used Microsoft Excel to develop inventory tracking spreadsheets.
- Completed several complex corporate operations and investment accounts reconciliations within two months of hiring with accuracy and efficiency.
Skills
- Data formatting
- Visual data representation
- Defect tracking
- Data filtering
- Gap analysis
- Trend analysis
- Data integrity validation
- Verbal and written communication
- Business performance analysis
- Business management
- Data modeling
- Predictive modeling
- Project management
- Time management
- Business intelligence tools
- Analytical problem solving
- Data analysis
- Business acumen
- Reporting tools
- MS Excel
- Data visualization and presentations
- Analytical thinking
Timeline
MBA - Finance And Geospatial Intelligence (3.75 GPA)
University of Potomac
04.2022 - Current
Financial Systems Data Analyst
Avicenna Accounting Automation (Public Accounting), Inc.
10.2021
Master of Science - Information Technology (Technology Management) 4.0 GPA
University of Potomac
04.2019 - 06.2021
Senior Financial Cost Accountant
Creativision Inc. (dba Performance Display)
03.2017 - 01.2018
Managerial Cost Accountant
Terrill Manufacturing Company, Inc.
04.2015 - 03.2017
Staff Accountant - Retail Accounting & General Ledger
PMG/E&C Enterprises, Inc.
01.2014 - 04.2014
Accounting & Business Tutor
Link-Systems International, Inc./NetTutor
01.2011 - 01.2012
Accounting & Business Intern Tutor
TRC Staffing/LSI-Net-Tutor, Inc.
02.2010 - 10.2010
MBA - Accounting *CFO/Controller Track (3.56 GPA)
The University of Tampa
01.2009 - 12.2010
Director, Budgeting and Planning
University of Northern Virginia
06.2007 - 07.2008
Assistant Professor - Business & Finance
University of Northern Virginia
04.2005 - 12.2008
General Manager, Finance and Business Development
Relionus Investment Limited
11.2003 - 10.2004
Managing Consultant/Owner
G.E.M. Consulting
10.2003 - 12.2004
Deputy Gen. Manager, Corporate Banking, Risk Assets Magt., & Special Bus. Dev.
City Express Bank Plc (acquired by UBA Plc.)
04.2000 - 09.2003
Senior Regional Manager, Eastern Banking Operations
Trust Bank for Africa (formerly NewWorld Merchant Bank) Limited
09.1997 - 04.2000
Manager/Head, Corporate Banking
Comet Merchant Bank Limited
11.1990 - 09.1997
Credit Officer/Head, Credit Marketing Department, Apapa Branch
Universal Trust Bank of Nigeria Ltd. (now UBN, Plc.)
04.1990 - 10.1990
Credit Analyst/Officer, Ilupeju Branch
United Bank for Africa Plc
06.1982 - 04.1990
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