Finance Controller
Camso
Total years of experience :18 years, 1 Months
•Managing company financials and report BU director on the monthly financial performance.
•Scrutinize operation for non-value adding activities and suggest ways of creating value (VFM) and work simplification.
•Prepare annual Opex budget and absorb costs to PID level through Activity Based Costing (ABC). Direct the team for the operational excellence through robust financial controls.
•Take a lead at plant annual operational plan discussion and actively involved in identifying, discussing, prioritizing projects for the upcoming financial year with financial justifications and aligning to company’s strategic plan.
(Cost savings, NPV/IRR/pay back calculations for the projects having cost savings, market growth and productivity improvement)
•Managing/ following up Capex spending in line with the approved Capex budget.
•Tracking and ensuring timely realization of savings and follow up countermeasures for the deviations.
•Assist in setting up KPIs/ PIs and ensure business performance improvement in best reputation, people engagement and operational excellence. .
•Ensure accurate product costing though deploying activity based costing technique.
•Inventory management, including identifying & action upon slow moving/ non-moving materials.
•Advising plant director on financial and non-financial decision making and optimize plant resources.
•Ensure robust internal control system and control environment through continuous follow up and verifications.
•Improve local communications with Canada higher management.
Bearing entire responsibility on management accounting function of Knit cluster (including four companies- seven factories).
• Being a strategic business partner and provide continuous support for corporate value creation.
• Preparation of board presentations.
• Assessing financial viability of costing estimates and highlight management on estimated profitability of upcoming sale orders/styles.
• Post costing profitability analysis of garment exports (sale order wise)
• Analyze operational data and assist management on corporate decision making.
• Evaluation of business proposals with sound theoretical/practical background
• Participation in Strategic business planning, budgeting and budgetary control.
• Identify and develop KPIs to control cost drivers.
• Preparation and presentation of monthly financial reporting (Management accounts)
• Inventory and WIC management
• Leading the IFRS convergence team
Bearing responsibility for managing and running 04 shifts per week (2.00Pm to 10.00Pm)
• Responsible for accepting deliveries, Gap investigation, major & minor pangram changes, newspaper returns, ATM cash dispense procedures, cash management and banking procedures.
• Serving customers, Managing Complains and maintain robust customer relationships to boost company sales.
• Building and maintenance of robust relationship with supplier (KPI)
• Maintain professional appearance at all times.
• Maintain a professional approach to colleagues and management at all times.
• Follow all the internal policies and procedures when handling company values.
Bearing responsibility on Cash Management and Financial accounting including
Cash Management -(Banking & Treasury Operation)
• Fund management, Fund Transfer, Hypo loan settlement (Short/Long Terms) of all the banks, reporting the daily status of bank balance Hypo loan status, expected collection status.
• Pending LC and DP documentation Status for all banks.
• Handling all import & Export documents bank advice, scrutinize and advice to Import and Export department to clear Import and Export before the Expected time arrival/ Departure -(ETA)
• Bank Facility renewal and documentation
• Preparation of Monthly and Weekly budgeted/Actual Cash Flow
• Liaise with bank for Short and Long Term deposits Interest rates negotiating, at the time of renewal
• Review and make decisions on credit limits for Banking Facilities. (LC/Hypo Loans/Bills negotiation)
• Forward contract booking for USD and Euro Payments
Financial Accounting
• Preparation of full set of financial reports (both for management and audit purposes).
• Participate in Budget formulation, implementation and Budget monitoring.
• Liaise with company auditors and improve communications between company and auditors
• Coordinate with tax authorities in respect of Income Taxes, VAT, ESC and NBL.
• Overlook company’s payment system and management of accounts payables.
• Participate in working capital management of the company.
• Active team member of Microsoft AX ERP system (Microsoft Dynamic AX) implementation team.
• Managing Property, Plant & Equipment of the company.
• Pre and Post Shipment Profitability Analysis on Garment exports.
• Reconciliation of current accounts of factories with head office accounts
• Planning audits and ensures completion within the stipulated deadlines.
• Preparation and Reviewing of financial statements including consolidated financial statements in accordance with Sri Lanka Accounting Standards (SLAS), International Accounting Standards (IAS’s) and International Financial Reporting standards (IFRS’s).
• Preparation of Final accounts (for the publication purpose) together with highlighting management weaknesses, inefficiencies and giving professional recommendations.
• Communicate and hold meetings with top management of the clients.
• Motivate and guide subordinates by encouraging them with the work enthusiasm and technical assistance.
• Analyze financial statements using different financial analyzing techniques.
• Suggest constructive ways to upgrade internal controls with the aim of preventing and detecting errors and frauds.
• Verification, reconciliation and computation of VAT in accordance with Inland revenue Act of Sri Lanka.
ACCA Finalist.
Finalist
Whole programe was consisting of 03 semesters includding two semesters for Therory & practical based examinations and final one for Research Thesis. Awarded with Merit pass and my Research Thesis was “How quarterly profit announcements influence the stock prices of top ten listed companies in London Stock Exchange?”
Based on exam components of ACCA , currently opted for First Class in B.Sc. (Hons) in Applied Accounting. Should submit research thesis for qualification.
Whole degree program was in English medium and consit of 08 semesters (over 04 years). Last four semesters was specializing in Finance stream and based on overall exam performance and internship programme awarded for Second Class.
