Accounts Manager
QDVC
Total years of experience :22 years, 11 Months
Managing of entire accounts operations, related reporting line and internal controls of the company.
Preparation/ review of annual and quarterly consolidated financial statements for statutory reporting purposes.
Preparation / review of monthly (individual and amalgamated) profit and loss statements for management purposes, performing of comparisons with budgets, variance analysis reports, and critiques)
Preparation / review of comprehensive business plans.
Analysing of financial statements and business plans of potential partners and brief the top management on financial highlights
Reviewing of financial feasibility studies and due diligence reports conducted by professional firms and brief the top management on financial highlights
Analysing of financial and commercial terms of new joint venture agreements, MOUs, management agreements, construction contracts and loan agreements etc.
Preparation and controlling of annual operational budgets for head office and business units/subsidiary companies
Preparation and maintaining of cash flow forecasts (monthly and annual) and daily cash management
Reviewing of supplier Payments/ Payments Vouchers/ Cheques prepared
Loan management - preparation of loan proposals to banks, liaising with bank officers, preparation of various documentations, ledger posting, record keeping and monitoring of loan drawdown, interest, and related transactions
Taxation - a) Instructing of suppliers, contractors, other departments on new Withholding tax (WHT) requirements. b) Advising of accounts payable section on WHT deductions/exceptions. c) Liaising with tax consultants to keep abreast on various statutory requirements, compliances and new updates. d) Handling of all tax related issues.
Reviewing the accuracy of general ledger postings
Conducting of monthly closing of accounts - includes reviewing of ledger accounts, preparation of reconciliations and various management reports etc.
Management of fixed assets module
Preparing/reviewing of monthly payroll and handling of payroll related tasks (annual leave advances, final settlements etc.)
Supporting the top management for decision making & direction setting
Group reporting.
Also, involved in:
Evaluating of CVs, short listing and interviewing of candidates for accounts staff recruitments
Assisting in computation of purchase consideration for some joint venture arrangements
Handling of revenue section and related reports
Petty cash handling
Managing of payables (recording of vendor/contractor invoices, cheque preparation etc.)
Preparing of various excel based formats to support finance and other departments in maintaining the uniqueness of reports and to support their work (such as mail merge in continues Cheque/reports printing)
Preparation of annual and quarterly consolidated financial statements for statutory reporting purposes
Preparation of monthly profit and loss statements
Preparation of comprehensive Business Plans for Production Units, Hotels, Retail Shops, Resorts and Restaurants
Analysing of financial statements and business plans of potential partners
Analysing of financial and commercial terms of agreements
Preparation and controlling of annual operational budgets
Preparation and maintaining of cash flow forecasts
Reviewing of supplier Payments/ Payments Vouchers/ Cheques prepared
Loan management - preparation of loan proposals to banks, liaising with bank officers, preparation of various documentations etc.
Handling of all the Tax related matters
Reviewing the accuracy of general ledger postings conducted by subordinate staff (for head office and 11 business units)
Conducting of monthly closing of accounts - includes reviewing of ledger accounts, preparation of reconciliations and various management reports etc.
Management of fixed assets module
Preparing/reviewing of monthly payroll and handling of payroll related tasks (annual leave advances, final settlements etc.)
Supporting the top management for decision making & direction setting
Also, involved in:
Evaluating of CVs, short listing and interviewing of candidates for accounts staff recruitments
Assisting in computation of purchase consideration for some joint venture arrangements
Handling of revenue section and related reports
Petty cash handling
Managing of payables (recording of vendor/contractor invoices, cheque preparation etc.)
Preparing of various excel based formats to support finance and other departments in maintaining the uniqueness of reports and to support their work (such as mail merge in continues Cheque/reports printing)
Maintaining of general ledger and Financial record keeping System (using AccTrak21)
Preparation of quarterly consolidated management accounts (for the Group)
Preparation and maintaining of cash flow forecasts (monthly and annual)
Preparation of business plans
Preparation of loan proposals
Establishment and continued monitoring of internal controls at PCH and its subsidiaries and associates
Studying and evaluating of contractual documents of financial significance
Managing & monitoring of treasury functions (including working capital, long term financing and liaising with bankers, preparation of reports including bank reconciliations) of the company
Monitoring & controlling of accounts receivables (credit controlling) and payables
Preparation of monthly Payroll
Approving of purchase orders and payment vouchers
Supervising and monitoring of subordinate staff work (about 15 staff)
Liaising with bankers, suppliers, customers, internal and external auditors & various other stakeholders
Working with the Director Finance and Operations to develop financial control and reporting systems to meet the needs of the business
Assisting to Director Investments in analyzing the performance of investments made by PCH
Monitoring of maintenance of fixed asset register of PCH and providing support service to subsidiaries and associates in this area (including monitoring of fixed assets verifications)
Supporting senior management for decision making & direction setting
Monitoring of inventory control procedures of the resorts
Monitoring of imports and costing reports
Also, involved in:
Evaluating CVs, short listing and interviewing of candidates for accounts staff recruitments
Conducting accounts staff performance evaluations
Compiling policies for PCH (fixed assets policy, credit policy, corporate credit card policy)
Compiling credit agreements and a credit application forms
Key Duties & Responsibilities Include:
Adhering to the highest degree of professional standards and strict client confidentiality
Managing, directing and monitoring client services teams on multiple engagements; planning, executing, directing, and completing external audits in a wide variety of industries; and managing within the budget
Understanding and managing firm risk on audits and proposals
Managing, developing, training, and mentoring staff on projects and assessing performance on engagements and year-end reviews
Performing quality audit reviews on financial statements
Maintaining active communication with clients to manage expectations, ensure satisfaction and make sure deadlines are met
Consulting, working with, and servicing client base to make recommendations on business and process improvement and serving as a business advisor to client
Working closely with partners, other managers, and staff to integrate practice development skills into a team approach to client service and new business development
Maintaining strong client relations
Also, was involved in:
Preparation of financial statements including consolidated financial statements
Preparation of forecasted financial statements and cash flows
Carrying out financial evaluations and consulting for prospective investors
Preparing loan proposals
An International financial reporting standards (IFRS) compliance audit for Dhiraagu Telecom, a subsidiary of Cable&Wireless Communications, UK.
Valuation of shares
Staff Training on International Financial Reporting Standards and Audit Methodologies
Evaluating and preparing of budgetary control reports
Computation of income tax, corporate tax and deferred tax (in Sri Lanka)
Performing reviews of internal control procedures and frameworks
Currently I am working towards obtaining the Associate Membership of CPA - UK.
I am a Finalist of the Association of Chartered Certified Accountants (ACCA) of United Kingdom
I am an Associate Member of the Institute of Chartered Accountants of Sri Lanka. The Institute of Chartered Accountants of Sri Lanka is the National Professional Accounting body of Sri Lanka. The Institute has over 4200 members and over 30000 registered students and is the sole Accounting and Auditing Standards setting authority in Sri Lanka. The Institute is a member of the International Federation of Accountants (IFAC), The Confederation of Asian and Pacific Accountants (CAPA) and a Founder member of the South Asian Federation of the Accountants (SAFA). (http://www.icasrilanka.com) As an integral part of obtaining ICASL membership, I was required to acquire 4 years training experience in a professional Accounting & Auditing firm and I was able to get into Ernst & Young for this purpose with the help of my Educational Qualifications. The training in Ernst & Young are designed for individuals seeking a career in accountancy as well as professionals involved in financial accounting, management accounting, auditing and general management who are looking to further their careers.
Degree Bsc. Management (Special) Degree Medium: English Year of Graduation: 2004 Specific Coverage Includes: Subject Grade Financial Accountancy A (Distinction) Mathematics and Statistics A Investment Analysis & Portfolio Management B (Good Pass) Quantitative Techniques A Advanced Valuation B Financial Management B Economics C (Pass Standard) Human Resource Management C Management Process C