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Taiwo Shodunke

Finacial Analyst | Treasury | Accounts Payable Specialist | Accounts Receivable | Account Reconciliations | Billing Specialist

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Intro
Lagos, Nigeria
Reddington Lekki Hospital at Reddington Lekki Hospital, Lagos, Nigeria
Studied Economics at Lagos University, Ojo, Lagos, Nigeria
Health, Wellness & Fitness
linkedin.com/in/shodunke-taiwo-8470b369
Joined July 24, 2023

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English
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Native or Bilingual
About
Experienced Finance Analyst with a demonstrated history of working in the health, oil & energy industry. Skilled in Management, Microsoft Excel, Strategic Planning, Invoicing, Payable and Receivables. Strong finance professional with a Bachelor of Science (B.Sc.) Economics from Lagos State University. An associate member of Institute of Chartered Economists of Nigeria (ICEN)
Experience
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Reddington Lekki Hospital, Lagos, Nigeria
Aug 2019 – Present
Lagos, Nigeria
Reddington Lekki Hospital
Assisted with all financial activities, including the general ledger, payables, and receivables accounts, by processing payments. • Successfully led a team in the transition to a paperless invoice processing system in 2020 during the Covid 19 pandemic, offering improved efficiency and reducing processing time by 50%. • Implemented a new comprehensive billing program with SAGE 300, reviewing and reconciling patient accounts, resul ting in a 95% accuracy rate and minimizing billing errors and disputes. • Ensure smooth functioning of operations by resolving any problems that arise • Develop and organize work schedules for my team and create procedures to ensure smooth operations and efficient workflow • Implemented an electronic vendor payment system, offering streamlined processes and reducing manual errors by 80% in the hospital's account payable department. • Streamlined the payment collection process by introducing online payment options and optimizing billing statements, resulting in a 20% increase in on-time payments and a 10% decrease in average collection time. • Manage the activities of the billing, credit control and foreign insurance divisions with a team of 13 staff • Allocation and reconciliation of payments to patient’s accounts • Verify invoices against purchase orders and ensure goods or services were received before issuing payment to vendors • Monitoring both new and old patients credit, resolving issues with invoice payments, and reconciling extensive month-end accounts • Supervise and monitor the activities of billing officers (8 staff) • Cash custody, receipt and payment processing with a 98% accuracy rate. • Coordinating all the units from home with telemedicine (Hi_Doc App and other vitural app during the Covid 19 outbreak for 16 months • Improved billing turnover by 37%, enabled improvement in accounts receivable by 17%, and reduced cost of collection by 22%
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Reddington Multi-Specialist Hospital
Dec 2013 – Jul 2019
Victoria Island, Lagos, Nigeria
Treasury Manager
• Reconciliation of bank statements through SAGE 300 • Creating a timetable for monthly pension payments • Implemented a proactive follow-up approach and collaborated with internal departments to resolve billing errors immediately, resulting in a 15% reduction in outstanding accounts receivable within the first year. • Publishing payment receipts using SAGE 300 • Creditor preparation Monitoring the operations of the cashier at the business Ageing Analysis Report • Using SAGE Accounting, posting vendor inventory and creating reports . • Processing of payments, receipts, and cash custody. • The dependability of management and financial reporting. • Continuous evaluation of all treasury department operations. • Carrying out additional accounting and administrative tasks as instructed by management. • Adopted best accounting practices and processes, which enhanced control systems, reduced costs by 15%, and increased production efficiency by 30%. • Implemented stringent controls and procedures for cash handling and reconciliation in the hospital, offering increased accountability and reducing the risk of fraud or financial mismanagement, resulting in zero audit findings for the treasury department in the previous year.
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Reddington Multi-Specialist Hospital
Sep 2011 – Nov 2013
Victoria Island, Lagos, Nigeria
Billing Manager
• Monitor and supervise the billing officers' actions and collection process.(10 Staff) • Checking the billing sheet on a regular basis to ensure its completeness and correctness • Monitoring in-patient accounts to ensure they are brought up to date on their position on a daily basis. • Keeping track of all payments and creating monthly billing reports. • Developed and implemented a streamlined billing process, reducing average billing cycle time including the patient waiting time by 20% and offering faster reimbursement for services provided. • Reconciling patient accounts and statements as needed • Construct an account analysis. Investigate and correct anomalies in payment. • Updating rate adjustments, cash spreadsheets, and current collection reports is an essential aspect of accounting software maintenance. (The billing aspect). • Reduced billing backlog by 95% and accounts receivable by 70% by establishing a billing workflow procedure and regular follow-ups with clients.
Education
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Lagos University, Ojo, Lagos, Nigeria
Dec 2003 – Jun 2008
Bachelor in Science, Economics