Gihan De Silva De Silva

- Hand on experience in industry specific Banking practices, regulations.
- Review of validation results of ECL models for the retail portfolio and customer portfolio.
- Review of computation of Point-in-Time Probability of default (“PIT PD”) through the life cycle of the financial asset.
- Review of the key assumptions considered keeping in mind the limitations of the data, in developing the PIT PD model and LGD model for the corporate portfolio.
- Review of economic state as opposed to the Through-the-cycle probability of default (“TTC PD”) which is constant over economic state.
- Review of the model exercise for PD and LGD included a thorough analysis of alternate methodologies such as Regression model, CDS model.
- Review of Loss Given Default model for bank’s retail and corporate portfolio.
- Review of the macro-economic factors are incorporated into PIT PD calculation to arrive at the forward-looking economic cycle and its impact on the pool wise PD.
-Review of the availability of data, stability of forecast, correlation analysis of variables and significance of variable that have been selected for the regression analysis.
- Review of the correlation of NPL with various macro-economic factors.
- Review of the constructing PD term structures by overlaying macro-economic impact.
- Review of calculate provisions for credit losses on credit facilities in accordance with the instructions of CBK on the classification of credit facilities and calculation of provisions.

Audit Experience in Sectors

1. Preparation of Financial Statements & Reviewed the Disclosure Compliance with LKAS/SLFRSs, CSE Listing Rules, Companies Act

Prepared and reviewed the annual financial statements for the Public Listed Companies (PLCs) and Private Limited Companies in conformity with Sri Lanka Accounting Standards (LKAS & SLFRSs),

Clients engaged - Annual Audits  Asia Asset Finance PLC  Merchant Bank of Sri Lanka and Finance PLC (MBSL)  HVA Lanka Exports (Pvt) Ltd  Astra Leisure (Pvt) Ltd  Nowgem (Pvt) Ltd  S S Impex (Pvt) Ltd  Akbar Brothers Exports (Pvt) Ltd  Asia Capital PLC  Aliya Resort & SPA

2. Manufacturing sector

Areas of experience Sales Cost of sales, debtors’ management process, Procurements & suppliers’ management process, Inventory management process, Manufacturing process, Treasury & cash management process, Human Resources Management process, Management reporting process and Property Management process. Clients engaged

 HVA Lanka Exports (Pvt) Ltd  Akbar Brothers Exports (Pvt) Ltd  Timex Garment and Rocell Lanka PLC (Stock Handing Experience)  Tokyo Lanka PLC

3. Financial Sector- Finance & Banks

Obtained a sufficient understanding in finance sector organizations and business processes, internal control. Areas of experience

Acceptance of customer deposits (Fixed and Savings deposits) and Branch handling process. Treasury management process including Investment in Securities, Treasury bills/Bonds & Dealing securities, Operation of Loan and advances Including Lease, Hire Purchase, Term loans, Gold loans & Pledge loans, Taxation (income tax and Financial VAT), Impairment review of Collective & Individual significant Non performing loans.
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Clients Engaged - Finance companies

 Asia Asset Finance PLC ( Performed as Junior auditor in 2014/2015 and Senior Auditor in 2015/2016)  Merchant Bank of Sri Lanka and Finance PLC (MBSL) ( Performed as overall Senior Auditor in 2016)



4. Accounting Software Knowledge

Obtained a sufficient understanding and operating knowledge of following Accounting Packages,

 Oracle Accounting Package  Quick Book Accounting Package  Tally Accounting Package  Myob Accounting Package  Microsoft Dynamic Accounting Package

- Preparation payment vouchers
- Creditor reconciliation
- Bank reconciliation
- Creditor reconciliation