Babatunde Adeoye

Background

About Babatunde Adeoye

OANDO PLC Oct 2013- Till Date (Position: Joint Venture Accountant) Assigned Assets: OML 13, OML 145 & OML 131 Key Roles & Activities • Timely preparation of reporting packages, preparation of schedules and listings, reconciliation of the general ledger/balance sheet reconciliation of all Joint Venture accounts(Assigned Assets) to aid the preparation of regulatory reports in a (Monthly, Quarterly and annually) in accordance with the monthly, quarterly and year closing timetable. • Responsible for the preparation of monthly accruals, process for review and approval of the Senior JV Accountant for appropriate recognition of Capex, opex and revenue. • Responsible for the reporting of monthly actual Gross & Net Joint Venture information to the Corporate Reporting team; specifically Net Current Month and YTD actuals against Budget including variance analysis. • Responsible for the production of the monthly Corporate Cash Call and Cash flow Forecast by Interfacing with the treasury team. • Familiar with key relevant commercial agreements and ensure that these are correctly reflected in Joint Venture accounts. Interface with Asset Manager. • Assist with the Joint Venture external audit and work to resolve audit findings in a timely manner through interface with Joint Venture Accounting Team Lead and support group external and internal audit through interface with Group Financial Reporting Team. • Attend FINCOM, CPOC & TCM meetings and ensuring all issues relating to the operation of the block are adequately resolved and also ensure Cash Call are remitted as and when due to various operating parties. • Coordinates the yearly budget and Performance sign off with NAPIMS Fincom, Tecom and Macom on OML 131 by ensuring all subcommittees budget and performance for the year are signed off by each committees for cost recovery.