Chandimal Jayasinghe, Chief Financial Officer

Chandimal Jayasinghe

Chief Financial Officer

Lutfi Group LLC

Location
United Arab Emirates - Dubai
Education
Doctorate, MBA
Experience
19 years, 9 Months

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Work Experience

Total years of experience :19 years, 9 Months

Chief Financial Officer at Lutfi Group LLC
  • United Arab Emirates - Dubai
  • My current job since October 2012

1. Financial Controls - Establishment and Monitoring of Financial controls and Systems.
2. Financial strategy - Drafting and Implementing to achieve the KRAs of the company
3. Sales Controls - Establishment and Monitoring of Sales Controls
4. Credit Controls and Debtor management.
5. Overlooking the Export Documentation and LC and Documentary credit arrangement.
6. Managing the Pre and Post Costing team.
7. Managing the Payables and Financial reporting team.

Head of Corporate Planning at LNP (Subsidiary of CIC Holdings PLC
  • Sri Lanka - Colombo 10
  • January 2012 to September 2012

1. Overseeing the Cost Accounting function. Continued involvement since 2006 to 2011 (Total Responsibility)
2. Establishment of a new design /structure to the Cost Accounting function.
Overseeing the production of the Management information including special internal management reports. Continued involvement since 2006 to 2011. (Total Responsibility)
3. Overseeing the preparation of the Annual Budget and Monthly Budgets.
Continued involvement since 2006 to 2011. (Total Responsibility)
4. Overseeing the preparation of Monthly Management Accounts.
5. Preparation of Management information for Ex-co meetings (the apex management forum of the Company) Provision of Management information with various KPI achievements, Variance analysis, Forecasts and other evaluations. Year 2008 & 2009 - Total Responsibility, After 2009 - Overseeing
6. Treasury Management - Allocation of Deposits, Management & Operation of the facilities, Enhancement of facilities, Arrangement of new facilities.
Responsibility of the Main negotiations - Director Operations \[Director Operations was directly overseeing this area and negotiates with the Banks. Since 2008 Assistance is provided for him through coordination, negotiation and new facility arrangements\]
7. Overseeing the Preparation of the financial accounts. Year 2008 & 2009 (Total Responsibility)
8. Overseeing the preparation of the financial accounts from the Ledger updating, Scrutinisation of the Trial Balance to finalization of Financial Statements.
9. Overseeing the Payroll procedure.
10. Overseeing the preparation of Annual Audited Financial Statements. Since 2008 (Total Responsibility)
11. Financial Controls - Daily Approvals & Assurance of the Adherence of the established procedures. (Payment Vouchers, Petty Cash Expenses, Cash Advances, GRNs, Gate passes, Advance Payments for Creditors, System amendments, Stock amendments) Since 2008 (Total Responsibility)
12. Overseeing the Debt Collections. Year 2008 & 2009 (Total Responsibility)
13. Annual stock take, Surprise stock counts. Since 2008 (Total Responsibility)
14. Corporate Planning - Reporting to Chairman / Managing Director. Year 2008 / 2009 Involvement - Team member / Coordinator.
15. Capital Budgeting/Project appraisals. Since 2008 (Involvement: As and when the need arise. Not a periodic function.)
16. Taxation & Negotiation with Tax Authorities - Collection of VAT Refunds, Direct relationship with the Tax Authorities. Since 2008 (Total Responsibility)
17. Risk Management, Internal Audit, Corporate Governance & Sustainability. Since 2008 (Total Responsibility)
18. Administrative work.
Performance Appraisals/ Suggestion for promotions/ Leave approvals/ etc. Since 2008 (Total Responsibility)
19. Company Secretary - Secretary to the Board of Link Natural Products. Since 2011 (Total Responsibility)
20. Management of all Insurance Policies of the Company’s fixed assets and human resources against various perils. Since 2009 (Total Responsibility)
21. Special Projects.
a. In-house production of the Annual Report of the Company. Since 2006 (Total Responsibility)
b. Coordination/Event management of the corporate functions of the Company. Since 2008 (coordinator)
c. Designing & Implementation of the ERP (Enterprise Resource Planning). Since 2008 (Team Member)

additionally to spearhead the Corporate Planning, Monitoring of Performance, Establishment of BSC, Liaison with the Group Head Office (CIC) and Legal matters.

Chief Accountant at LNP (Subsidiary of CIC Holdings PLC
  • Sri Lanka - Colombo 10
  • January 2008 to December 2011

1. Overseeing the Cost Accounting function. Continued involvement since 2006 to 2011 (Total Responsibility)
2. Establishment of a new design /structure to the Cost Accounting function.
Overseeing the production of the Management information including special internal management reports. Continued involvement since 2006 to 2011. (Total Responsibility)
3. Overseeing the preparation of the Annual Budget and Monthly Budgets.
Continued involvement since 2006 to 2011. (Total Responsibility)
4. Overseeing the preparation of Monthly Management Accounts.
5. Preparation of Management information for Ex-co meetings (the apex management forum of the Company) Provision of Management information with various KPI achievements, Variance analysis, Forecasts and other evaluations. Year 2008 & 2009 - Total Responsibility, After 2009 - Overseeing
6. Treasury Management - Allocation of Deposits, Management & Operation of the facilities, Enhancement of facilities, Arrangement of new facilities.
Responsibility of the Main negotiations - Director Operations \[Director Operations was directly overseeing this area and negotiates with the Banks. Since 2008 Assistance is provided for him through coordination, negotiation and new facility arrangements\]
7. Overseeing the Preparation of the financial accounts. Year 2008 & 2009 (Total Responsibility)
8. Overseeing the preparation of the financial accounts from the Ledger updating, Scrutinisation of the Trial Balance to finalization of Financial Statements.
9. Overseeing the Payroll procedure.
10. Overseeing the preparation of Annual Audited Financial Statements. Since 2008 (Total Responsibility)
11. Financial Controls - Daily Approvals & Assurance of the Adherence of the established procedures. (Payment Vouchers, Petty Cash Expenses, Cash Advances, GRNs, Gate passes, Advance Payments for Creditors, System amendments, Stock amendments) Since 2008 (Total Responsibility)
12. Overseeing the Debt Collections. Year 2008 & 2009 (Total Responsibility)
13. Annual stock take, Surprise stock counts. Since 2008 (Total Responsibility)
14. Corporate Planning - Reporting to Chairman / Managing Director. Year 2008 / 2009 Involvement - Team member / Coordinator.
15. Capital Budgeting/Project appraisals. Since 2008 (Involvement: As and when the need arise. Not a periodic function.)
16. Taxation & Negotiation with Tax Authorities - Collection of VAT Refunds, Direct relationship with the Tax Authorities. Since 2008 (Total Responsibility)
17. Risk Management, Internal Audit, Corporate Governance & Sustainability. Since 2008 (Total Responsibility)
18. Administrative work.
Performance Appraisals/ Suggestion for promotions/ Leave approvals/ etc. Since 2008 (Total Responsibility)
19. Company Secretary - Secretary to the Board of Link Natural Products. Since 2011 (Total Responsibility)
20. Management of all Insurance Policies of the Company’s fixed assets and human resources against various perils. Since 2009 (Total Responsibility)
21. Special Projects.
a. In-house production of the Annual Report of the Company. Since 2006 (Total Responsibility)
b. Coordination/Event management of the corporate functions of the Company. Since 2008 (coordinator)
c. Designing & Implementation of the ERP (Enterprise Resource Planning). Since 2008 (Team Member)

Chief Accountant at LNP (Subsidiary of CIC Holdings PLC)
  • January 2008 to December 2011
Management Accountant at LNP (Subsidiary of CIC Holdings PLC)
  • Sri Lanka - Colombo 10
  • January 2007 to December 2007

1. Complete functional Responsibility of the Cost Accounting Department.
2. Establishment of a new comprehensive Cost Accounting System with new Cost Cards.
3. Establishment of new management reporting & variance analysis system.
4. Establishment of a new culture within the organization to use cost information and Gross Profit information for decision making. E.g. Pricing
5. Preparation of Annual Budgets & Annual Report.
6. Stock Valuation and WIP Calculation.

Assistant Accountant at Nishantha Group of Companies
  • Sri Lanka
  • June 2003 to September 2005

1. Payments & Petty cash - Voucher preparation to Disbursements.
2. Taxation - Returns and Payments
3. Various analysis of Productivity.
4. Finalisation of Monthly Accounts.

Education

Doctorate, MBA
  • at University of Southern Queensland
  • December 2015
Doctorate, Certified Practicing Accountant
  • at CPA
  • January 2015
Doctorate, Chartered Global Management Accountant
  • at CGMA
  • January 2007
Doctorate, ACMA (Associate Member of Chartered Institute of Management Acountants
  • at CIMA (UK)
  • November 2006

Specialties & Skills

ACCOUNTANCY
ACCOUNTING
ASSISTANT MANAGER
BUDGETING
COST ACCOUNTING
FINANCIAL
FINANCIAL ACCOUNTING
GESTIÓN

Languages

English
Expert
Hindi
Intermediate