Kaminda Karunanayake, Cheif Accountant

Kaminda Karunanayake

Cheif Accountant

ALMA

Location
United Arab Emirates - Dubai
Education
Master's degree, MBA
Experience
20 years, 5 Months

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Work Experience

Total years of experience :20 years, 5 Months

Cheif Accountant at ALMA
  • United Arab Emirates - Dubai
  • My current job since October 2016

Chief Accountant
• Prepares monthly, income & expense statement, BS & other accounting reports
• Reviews current operating procedures, identify areas for improvement
• Prepares annual budget & monitoring the budget for corrective measures
• Advises management about financial feasibility of any new project.
• Conducting feasibility studies &monitors post investment status.
• Producing management reports & providing special reports to the management
• Follow up of accounts receivable & control on accounts payable to ensure healthy cash flow
• Maintains control of company assets & timely reporting procedures for adjustments
• Liaises with external auditors, banks, negotiate with suppliers etc.,
• Producing Budgets, forecasts, cash-flow & reports for decision making
• VAT implementation & experience in VAT
• Overseeing the Payroll process & EOS
• Overseeing administration related activities
Reporting to The Board of Directors
Main achievements:
• Reduced around AED 20K in monthly expenses
• Saved around AED 14K p.a. in foreign currency transactions

Chief Accountant at Al Ghurair Retail LLC
  • United Arab Emirates - Dubai
  • January 2012 to October 2016

AGR had seven brands (Springfield, The face shop, Boux, Morgan, Prenatal, Smoothy King, & Triumph) with more than 65 stores UAE, Qatar & Kuwait.
I joined AG Retail in 2012 as Senior Accountant, then severed as a Management Accountant, then finally promoted as Chief Accountant
Responsibilities:
• Produced complex consolidated financial statements on tight deadlines as per IFRS
• Ensure financials are maintained & compliance with accepted policies
• Managed entire financial accounting (Oracle) & reporting system (Hyperion)
• Produced budgets & forecasts, management reports, cash-flow
• Arranged long-term financing on lowest cost
• Experience in balance sheet & Oracle sub-ledger reconciliation & related party transactions
• Engaged in system implementation (Oracle & Hyperion)
• Provided reports for decision making & on performance (BSC)
• Conducted feasibility studies & financial modelling
• Engaged in designing internal control system

Reported to Finance Manager

Main achievements:
• Saved more than AED30K in forex transactions
• Reduced more than AED 10K in monthly expenses
• Business Unit task force leader for Oracle R-12 implementation

Group Accountant at Horizon Partners Ltd
  • Sri Lanka - Colombo 5
  • November 2004 to December 2012

Chief Accountant
Horizon Partners Limited- Colombo, Sri Lanka
HPL is an independent boutique financial advisory firm specializing in developing strategies that build long term shareholder value.
I joined HPL in 2005 as an Assistant Accountant & functioned in various capacities. Finally headed up the finance functions of HPL

Responsibilities:
• Prepared & supervised consolidated financial statements
• Prepared budgets, forecasts & cash flows, management reports
• Carried-out efficient treasury facilities to achieve the lowest cost
• Specialized in fixed income instruments related accounting functions
• Discussed & resolved financial issues with the senior management
• Engaged in designing internal control systems
• Co-ordinate between banks, resolve audit issues with auditors
• Overseeing the Payroll process
• Monitored margin trading facilities
• Hands on experience in tax planning & Corporate tax, VAT, ESC, NBT, etc.,

Reported to Managing Director, Board of Directors

Financial Analyst
Responsibilities:
• Experience in stocks & bond market
• Analysed financial statements of listed companies & carried out researches for internal investments
• Engaged in corporate restructuring activities
• On hand experience in financial modelling

Main achievements:
• Brought more than LKR 1m in revenue via effective investments in 2009
• Reduced more than LKR 25K in monthly expenses in finance department

Accounts Assistant at Maga Engineering
  • Sri Lanka - Colombo 1
  • February 2004 to November 2004

Accounts Trainee
Maga Engineering (Pte) Ltd- Colombo, Sri Lanka
Maga is the largest Engineering firm in Sri Lanka. I started my career at Maga in 2004. I performed various accounting functions including bank reconciliation, engaged in internal audits, monitored petty cash, accounts payable during my career at MAGA

Education

Master's degree, MBA
  • at University of Sussex
  • June 2015
Bachelor's degree, Accounting & Finance
  • at Certified Managment Accountant
  • June 2014
Master's degree, Accounting & Finance
  • at University of Kelaniya
  • January 2010
Bachelor's degree, Accountant
  • at Unniversity of Kelaniya
  • October 2009

Specialties & Skills

Consultancy
Finance Operations
Accounting
Portfolio Management
Investments
Accounting
Finance
Consultancy
Portfolio Management
Investment
Accounting & Finance
Accounting
Hyperion Financial Management
Advance Excel
MS office

Languages

English
Expert

Memberships

Chartered Member of Chartered Institute for Securities & Investments (UK) - CISI
  • Chartered Member
  • June 2012
Certified Management Accountants
  • ACMA
  • April 2010
ICWAI
  • ACMA
  • January 2014

Training and Certifications

Advance (Certificate)
Date Attended:
March 2003
Valid Until:
March 2004

Hobbies

  • Music, Reading , Movies