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Bisade Karunwi

@bisadekarunwi

Finance Director at Schubbs Nigeria Ltd.; improved profitability by 20% and developed financing models for startups and acquisitions.

Nigeria

Message

At Schubbs Nigeria Ltd., I advised the board on business development and helped drive a 20% increase in profitability. I also led budgeting and financial planning, raised capital for expansion, and oversaw the conversion to IFRS accounting standards.

As CEO/Acting Managing Director at Crossworld Securities, I restructured liabilities and operations, improved cash flow by 60%, and coordinated a recapitalisation that raised N250 million. As a private financial consultant, I developed equity and acquisition models and prepared eight healthcare startups for grant funding.

Experience

Work history, roles, and key accomplishments

Current

Private Financial Consultant

Current

Self Employed

Jan 2012 - Present (14 years 9 months)

Developed private equity and valuation models, raising NGN 25M in equity and negotiating equity sale from 45% to 5%. Prepared proposals for expansion funding and acquisition models.

Private Equity Valuation Financial Modeling Fundraising Acquisition

Current

Finance Director

Current

Schubbs Nigeria Ltd.

Jan 2011 - Present (15 years 9 months)

Advises the board on business development best practices and drove a 20% increase in profitability. Leads year-end and annual budgeting, cash management, and financial planning for capital raising.

Financial Planning And Analysis Budgeting Cash Management IFRS Financial Modeling Business Development

Owner/Founder

Dekar Edge Ltd.

Jan 2012 - Dec 2013 (1 year 11 months)

Managed iOS and software development, website development, and Facebook application development. Delivered solutions for clients including UBA, Wema, KFC Nigeria, and Dark and Lovely Africa.

iOS Software Development Web Development Facebook Apps Client Management

Chief Executive Officer/Acting Managing Director

Crossworld Securities

Jan 2010 - Dec 2012 (2 years 11 months)

Led corporate restructuring, liability renegotiation, and recapitalization, raising N250 million. Improved cash flow by 60% and reduced staff by 75% while enhancing performance.

Corporate Restructuring Recapitalizations Turnaround Management Cash Flow Management Regulatory Compliance NSE SEC

Compliance Officer

Crossworld Securities

Jan 2010 - Dec 2010 (11 months)

Developed compliance procedures and internal controls, and prepared compliance documents for SEC and NSE inspections. Investigated staff to prevent fraud and money laundering.

Compliance Internal Controls Regulatory Compliance SEC NSE Fraud Investigation

Research Head

Crossworld Securities

Jan 2009 - Dec 2010 (1 year 11 months)

Set up the research department and created report structures. Presented market research and recommendations to staff and management, and coordinated with portfolio management.

Market Research Financial Analysis Report Writing Portfolio Management

Offshore Trading Division Head

Crossworld Securities

Jan 2008 - Dec 2009 (1 year 11 months)

Built and managed a department trading international stock derivatives, hiring and training traders. Developed risk management procedures and managed a portfolio of international stocks.

Derivatives Trading Risk Management Technical analysis Team Leadership International Markets

Financial Analyst Intern

Merrill Lynch

Jan 2007 - Dec 2007 (11 months)

Conducted mixed group analysis of mutual funds and provided research to fund managers. Assisted with 401K and wealth planning, and updated client portfolios.

Financial Analysis Mutual Funds Wealth Planning Research Client Portfolios

Junior Auditor Intern

Ernst and Young LLP

Jan 2007 - Dec 2007 (11 months)

Reviewed asset, liability, and capital account entries, and verified financial statement compliance with GAAP and Sarbanes-Oxley. Examined accounts and financial control systems to assess financial risk.

Audit US GAAP Sarbanes Oxley Financial Analysis Risk Assessment