Sampath Wijerathna, ACMA, CGMA, Accounts Officer

Sampath Wijerathna, ACMA, CGMA

Accounts Officer

Qatar Reinsurance Company Limited (Doha)

Location
Qatar
Education
Master's degree, Associate Member of Chartered Institute of Management Accountants (CIMA - UK)
Experience
18 years, 0 months

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Work Experience

Total years of experience :18 years, 0 months

Accounts Officer at Qatar Reinsurance Company Limited (Doha)
  • Qatar - Doha
  • My current job since February 2010

Notable Accomplishments:
• Truncated the average claim settlement turnaround time from 8 days (in 2015) to 3 days (in 2016) with zero complaints associated with delays in payments for 02 years.
• Facilitated decision making by senior leadership through the development of a new MIS package.
• Ironed out the kinks in LOC issuing process which led to zero complaints from the beneficiaries for 03 years.

Key Responsibilities:
• Manage day to day operations of receivables & payables function inclusive of supervising staff and allocating tasks between them based on experience & competence.
• Publish annual closing packages for Head Office & 5 Branches on monthly, quarterly & annual basis.
• Share key areas of concern with senior leadership through the monthly MIS report.
• Scrutinize all reinsurance claims prior to authorizing payments to claim holders.
• Coordinate with bank representatives for issues pertaining to LOC & other facilities.
• Provide requisite data and information to auditors and regulatory bodies and address their concerns in a satisfactory manner.

Assistant Accountant at Miami Exports Pvt. Ltd.
  • Sri Lanka - Colombo 1
  • February 2009 to February 2010

Notable Accomplishments:
• Spearheaded the Export Development Reward Scheme (EDRS) initiative of the Government of Sri Lanka and bagged performance award for 02 consecutive quarters.

Key Responsibilities:
• Provide guidance & support to accounting personnel for seamless functioning of the accounts department.
• Keep track of overheads and develop SOPs to keep them from surpassing the set thresholds.
• Share analysis of cost behavior of all factories with senior leadership.
• Manage payables and receivables to avoid liquidity and working capital issues.

Assistant Management Accountant at Amazon Trading Pvt. Ltd.
  • Sri Lanka - Colombo 1
  • April 2006 to June 2008

Notable Accomplishments:
• Supervised the implementation of Management Accounting & Pricing System.
• Developed new metrics for factory evaluation & performance assessment.

Key Responsibilities:
• Compute total product cost after incorporating materials, labor & overheads for all products; add profit margins and share prices with the marketing personnel.
• Share post-shipment profitability statements and management accounts inclusive of customer/product profitability analysis, variance reports and performance reviews with senior leadership.
• Evaluate financial performance of all divisions against budget and finalize incentives.
• Value stock using lower of cost or NRV model.

Education

Master's degree, Associate Member of Chartered Institute of Management Accountants (CIMA - UK)
  • at Chartered Institute of Management Accountants (CIMA - UK)
  • November 2009
Bachelor's degree, Accounting
  • at University of Kelaniya
  • May 2007

Specialties & Skills

Reinsurance Accounting
Accounting
Soft Skills
Problem Solving
Team Player
Financial Planning, Product Costing
Complex Problem Solving, Critical Thinking
Strategic Planning, Process Improvement
Inventory Management, Variance & Trend Analysis
Creativity, People Management, Coordinating with Others
Service Orientation, Cognitive Flexibility
Financial Analysis, Performance Management
Emotional Intelligence, Judgment and Decision Making
IT: MS Word, MS Excel, MS PowerPoint

Languages

English
Expert

Memberships

ACMA
  • Associate Member of Chartered Institute of Management Accountants (CIMA –UK)
  • March 2011
FIII
  • Fellow Member of Insurance Institute of India
  • June 2017