Stephen Femi Raji
Savannah,Cayman Island
Summary
Stephen is a high-performing professional accountant with over 8 years of progressive experience in public accounting services, including time at KPMG Nigeria, PwC Nigeria, BDO-USA & Deloitte Cayman Island. He has served private and listed companies in the consumer markets, financial services, and energy sectors. With extensive knowledge of IFRS and a working understanding of US-GAAP, Stephen offers strategic thinking and innovative insights to organizations. He excels in changing environments while maintaining operational performance. He is a great team player who is
passionate about excellence, accuracy, timeliness, leadership, innovation and creativity.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Accountant
Ministry of Health, MRCU Dept.
, Cayman Island
10.2023 - Current
- Reviewed the internal control policies around accounting in line with best practice
- Managing all accounts payable and receivable transactions
- Preparation of management accounts, posting monthly journals and payroll management
- Monthly reconciliation of accounts and preparation of audit schedule
- Managing the department fixed asset register, inventory, budget analysis and reports
- Managing purchase orders & customers' invoices and facilitating payment of cheques & wire transfers
- Reports directly to the Head of Finance & Chief Financial Officer
Senior Audit Associate
Deloitte
, Cayman Island
01.2023 - 09.2023
- Providing high quality external audit services in accordance with US GAAP, IAS and IFRS standards
- Statutory audit of clients in the financial service industries, including Funds, Private Equity and Captive Insurance
- Carrying out proper engagement planning to understand clients' business, identify areas of significant risk, identify fraud risk factors to ensure efficient and effective delivery of the engagement
- Assessment of the effectiveness of controls put in place by the management to identify inherent and control riskand planning relevant audit procedures to address the identified risks
- Performing valuations of a variety of investments, including equities, fixed income securities and derivatives inUS, global and emerging markets
- Performing substantive analytical procedures and test of details to identify any material misstatements in the client's accounting records and ensuring timely follow up with clients for relevant audit supports
- Ensuring accuracy, proper presentation and disclosure of Funds' balances including capital contributions and withdrawals, management and performance fees, due to/from affiliates/brokers/partners to mention but a few
- Auditing captive insurance balances including premiums written, unearned premium, loss reserves (IBNR/OSLR), related party disclosures and conducting detail analysis on the report of actuaries and otherexperts
- Performing detailed review of client's financial statements and relevant supports, raising adjustments where necessary and updating management letters to communicate deficiencies
- Build strong relationships with other specialist team within the Firm to ensure that value- added service can be provided to our clients
- Prepare engagement budgets, attend client meetings and ensure proper conduct of the team, including providingcoaching where necessary
- Communicates directly with clients and report directly to managers, directors and partners
- Perform other functions as required by my managers, directors and partners
Senior Audit Consultant
SAPRO
New York
01.2022 - 12.2022
- Primary Sectors; FMCG, Financial Service & Pharmaceutical
- Deliver high quality external audit services in accordance with IFRS standards and US GAAP
- In-charging engagements, overseeing and supervising audit work to ensure compliance with statutory andfirm requirements, and ensuring timely and effective delivery of engagements
- Carrying out proper engagement planning to understand the client business, identify areas of significant risk, identify fraud risk factors so as to ensure efficient and effective delivery of the engagement
- Identifying Clients' inherent and control risk and planning relevant audit procedures to address the identifiedrisks
- Prepares audit work plan and working papers in line with the firm methodology and ensure timely completion and assembly of engagement work file
- Preparing and analyzing client's financial statements including reporting Internal control deficiencies andmaking recommendations to management
- Assessment of employment benefit plan and shares based payments in line with IFRS 2
- Nurtures and seek worthwhile relationships with clients, other business departments and team-members for the sharing of information and progress on current and future audit requirements
- Providing adequate and necessary coaching to less experienced team members as well as giving themfeedback on engagement performance
- (Seconded to BDO-USA)
Senior Associate
PwC
, Nigeria
10.2021 - 01.2022
- Lead teams in solving technical and complex accounting issues, providing audit support and accounting advisory supports to clients
- Lead teams in the implementation of accounting standards across a wide range of sectors including the financial services and FMCGs, ensuring that clients financial reporting met the requirements of IFRS
- Prepared engagement budgeting in accordance with firm requirement to ensure proper planning, co-ordination and control and to ensure effective service delivery
- Prepared complex statutory Financial statement in line with IFRS for various industries
- Facilitated internal and client trainings on IFRS
- Performed compliance review of financial statements in line with IFRS, CAMA and other regulations
- Provided specialist support to clients on technical IFRS areas including IFRS 3, 9, 15, 16 & IAS 19
- Built and maintained strong relationship with new & established clients by delivering exceptional client focused services
- Assisted in Capital Market transactions such as reporting accountant engagements, IPO readiness assessments
- Coached Junior team members on engagements
- Worked effectively within teams to achieve the team's budgets and business plan/performance objectives
- Engaged in project planning and project economics
- (CMAAS-Assurance)
Audit & Assurance Semi-Senior
WYZE Associate
Lagos
10.2020 - 10.2021
- In-charge audit and other assurance engagements, supervised junior team members work to ensure compliance with statutory and Firm requirement, considering relevant internal and external market factors and ensuring the effective and timely delivery of engagements
- Prepared engagement budgeting in accordance with firm requirement to ensure proper planning, co-ordination and control and to ensure effective service delivery
- Prepared audit proposals and engagement letters for prospective and existing clients
- Identified Clients' inherent and control risk and relevant audit procedures to address the identified risks
- Reviewed and performed relevant substantive tests to verify the CEAVOP (completeness, existence/occurrence, accuracy, valuation, rights/obligation and presentation) of account balances and classes
- Of transactions
- Obtained and assessed the appropriateness of audit evidence obtained in addressing relevant audit assertions
- Evaluated company internal control system and provided recommendation to management
- Re-computation of clients' Payroll, gratuity, pension payable and other PAYE related payables
- Reviewed IFRS 16, IFRS 9, IFRS 15, Deferred Taxation and other complex areas of various audit
- Reviewed complete set of IFRS prepared financial statements and performed analytical review
- Actively took part in firm wide and teams initiative, contributing positively to the initiatives
- Acted as a driver of quality within the unit through knowledge sharing
- Attended client meeting for audit and other specific assurance engagements
- Discussed audit procedures and progress with Managers and Partners
Audit Technician
KPMG
, Nigeria
02.2016 - 10.2020
- Team lead on small-sized external audit engagements
- Performed analytical review of financial statements
- Performed engagement planning procedures to gain an understanding of the audit client, identify audit risk areas, to ensure proper planning and performance of the engagements
- Reviewed client prepared financial statements to verify the accuracy of figures and disclosures, for completeness check, and for proper classification and presentation in line with the prevailing standards and other local legislation
- Prepared audit working papers in line with the Firm methodology and ensured timely completion and assembly of engagement work file
- Audit of payroll, pension, gratuity, and other benefit plans in line with IAS 19
- Reviewed and performed relevant substantive tests to verify the CEAVOP (completeness, existence/occurrence, accuracy, valuation, rights/obligation and presentation) of account balances and classes of transactions
- Observed annual and perpetual inventory counts and fixed assets verification
- Prepared report for the Manager/Partner review
- Discussed auditing procedures and contentious matters arising from the audit with the engagement manager/lead
- Performed management activities which includes carrying out of background checks on existing and prospective clients, its members and shareholders to ensure there are no integrity issue and other risk factors that may jeopardize the firm acceptance of the engagement and for continuance of its relationship
- Actively participated and undertook wider office activities, as required
- (Consumer Market/Energy/FSI)
Head of Operation (Part-time)
Get it Right Professional
, Nigeria
12.2017 - 05.2019
- Coordinated the learning institute (ICAN/ACCA) including heading the Finance and Administration
- In-charge of recruiting and payroll management system
- Co-Lectured Financial Reporting, Taxation and Performance Management
- Prepared easy to read study materials to aid better understanding
- Conducted series of preparatory examination to prepare student for their exams
- The learning institute produced 3 ICAN award winners during May 2019 diet
Audit Technician, Team lead
KPMG
, Nigeria
02.2016 - 10.2016
- On small-sized external audit engagements
- Performed analytical review of financial statements
- Performed engagement planning procedures to gain an understanding of the audit client, identify audit risk areas, to ensure proper planning and performance of the engagements
- Reviewed client prepared financial statements to verify the accuracy of figures and disclosures, for completeness check, and for proper classification and presentation in line with the prevailing standards and other local legislation
- Prepared audit working papers in line with the Firm methodology and ensured timely completion and assembly of engagement work file
- Audit of payroll, pension, gratuity, and other benefit plans in line with IAS 19
- Reviewed and performed relevant substantive tests to verify the CEAVOP (completeness, existence/occurrence, accuracy, valuation, rights/obligation and presentation) of account balances and classes of transactions
- Observed annual and perpetual inventory counts and fixed assets verification
- Prepared report for the Manager/Partner review
- Discussed auditing procedures and contentious matters arising from the audit with the engagement manager/lead
- Performed management activities which includes carrying out of background checks on existing and prospective clients, its members and shareholders to ensure there are no integrity issue and other risk factors that may jeopardize the firm acceptance of the engagement and for continuance of its relationship
- Actively participated and undertook wider office activities, as required.
Membership Affairs Intern
The institute of Chartered Accountant of Nig
03.2015 - 02.2016
- Provided feedbacks to ICAN members' enquiries
- Updated Members Profile/Financial status
- Assisted in Registrations & Issuance of Certificates; AAT, ACA, FCA, License and Accounting Conferences
- Maintained Members' Records/Files and assisted in transitioning to digital storage
- Assisted in event planning such as conferences, inductions and meetings
- Promoted to work with the Director of Membership Affairs as an Executive Assistant
Purchasing Buyer/Finance Intern
Radisson Blu Hotel
Lagos
12.2014 - 01.2015
- Attended to various department purchase requisition
- Created Purchase Order using Sage 50
- Followed up orders & inspection
- Processed of Goods Receipt Note, upon successful delivery
- Followed up payment and ensure suppliers receive their cheque at due date
- Maintained Supplier's Record and ensuring compliance with regulatory standards
Education
MBA - Finance & Sustainability
Nexford University
Washington, U.S.A05-2024
Bachelor of Science - Accounting
Obafemi Awolowo University
Ile-Ife, Nigeria12-2018
National Diploma - Accounting
The Polytechnic
Ibadan, Nigeria11-2014
SSCE/WAEC -
Lagos City College
Sabo-Yaba, Lagos, Nigeria06-2010
Skills
- IFRS & US GAAP
- Financial Analysis
- Internal & External Audit
- Technical Accounting
- Financial Statement Preparation
- Hedge fund & Captive Insurance
- SAP, Sage & QuickBooks
- Good communication skill
- Time Management
- Analytical
- Team Leadership
- Microsoft packages
- Interpersonal skills
Certification
- 2022 - Financial Modelling & Valuation Analyst (FMVA), CFI Institute.
- 2019 - Associate Member (ACA), Institute of Chartered Accountant of Nigeria (ICAN).
- 2015 - Associate Member (AAT), Association Accounting Technician, West Africa (AATWA).
Hobbies
Teaching, Playing Football, Singing, Playing Piano, Researching
Accomplishments
- 2014 - Best in Advance Financial Accounting and Auditing - The Polytechnic Ibadan
- 2004 - Best in Quantitative Reasoning - De'Vickys group of schools
Affiliations
- 2021 - Head of Music Department - The Redeemed Christian Church of God
- 2017 - President - Life Campus Fellowship, Obafemi Awolowo University
- 2014 - Academic Committee - Faculty of Financial Management Science - The Polytechnic Ibadan
References
References available upon request.
Timeline
Accountant
Ministry of Health, MRCU Dept.
10.2023 - Current
Senior Audit Associate
Deloitte
01.2023 - 09.2023
Senior Audit Consultant
SAPRO
01.2022 - 12.2022
Senior Associate
PwC
10.2021 - 01.2022
Audit & Assurance Semi-Senior
WYZE Associate
10.2020 - 10.2021
Head of Operation (Part-time)
Get it Right Professional
12.2017 - 05.2019
Audit Technician
KPMG
02.2016 - 10.2020
Audit Technician, Team lead
KPMG
02.2016 - 10.2016
Membership Affairs Intern
The institute of Chartered Accountant of Nig
03.2015 - 02.2016
Purchasing Buyer/Finance Intern
Radisson Blu Hotel
12.2014 - 01.2015
MBA - Finance & Sustainability
Nexford University
Bachelor of Science - Accounting
Obafemi Awolowo University
National Diploma - Accounting
The Polytechnic
SSCE/WAEC -
Lagos City College
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