لاكمال نيكاثجي

Reporting to: Regional Finance Manager/ CFO Shipping Division

• Directed end-to-end accounting operations, including General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, reconciliations, provisions, and accruals, ensuring accurate financial reporting and timely month-end and year-end closings.

• Led internal and external audit processes, strengthening documentation practices and ensuring compliance with IFRS standards, resulting in smoother audit cycles and reduced audit observations.

• Partnered with shipping and operations departments to enhance cost allocation accuracy, identify inefficiencies, and reduce financial leakage across operational expenses.

• Evaluated existing internal accounting controls, identified process gaps, and implemented strategic improvements in collaboration with regional management to enhance financial compliance.

• Supervised and developed the accounting team, providing technical guidance on complex accounting matters, improving workflow efficiency, and ensuring consistent accuracy in daily financial operations.

Accounting System Used: SAP S/4HANA, KPI, KPI Liner

Reporting to: Account Manager/ Regional Finance Manager

•Financial Reporting and Analysis: Prepare, analyze, and communicate comprehensive financial reports, including Quarterly, Half-Year, and Annual Commission reports, delivering in-depth analytical reviews that inform critical management decisions.

•Monthly Accounts Processing: Led the revenue recognition process and accurately posted financial entries for relevant profit centers, ensuring timely and precise financial reporting.

•Account Reconciliation: Conduct thorough monthly reconciliations of client and agent accounts, advance control accounts, and other ledger accounts to ensure financial accuracy and integrity.

• Monitoring Cashflow: Daily monitoring of cashflow and managing funding allocations with suppliers and other recurrent expenses.

•Supervise Team and KPI Management: Provide strategic guidance to the shipping team, overseeing financial transactions and client Disbursement Account (DA) submissions. I also compile and present KPI reports to Regional Management, driving performance improvements and financial efficiency.

•Stakeholder Relationship Management: Foster strong relationships with clients
and agents, facilitating seamless communication and collaboration to ensure smooth vessel operations at ports.

Accounting System Used: SAP S/4HANA, KPI, KPI Liner

Yusuf Bin Ahmed Kanoo is the largest independent family-owned conglomerate business based in Bahrain mainly operates business throughout the Middle East region office is in Saudi Arabia, Oman, Qatar & UAE, business sectors are Shipping, Logistics, Travel, Industrial & energy.

Accounting System Used: SAP S/4HANA, Gem Financials

Other Systems: KPI, Da-Desk, Diabos, Harmes System

• Database Management (DBM): Implemented and maintained comprehensive database sheets to streamline document and financial record flows for key clients, including GDL (handling military ship calls across the Middle East and African regions) and Hoegh Autoliner (managing RO-RO vessel operations in the Middle East).

• Monthly Accounts Processing: Led the revenue recognition process and accurately posted financial entries for finance hub activities, ensuring timely and precise financial reporting.

• Account Reconciliation: Conducted thorough monthly reconciliations of client and agent accounts, advance control accounts, and other ledger accounts, ensuring financial accuracy and integrity.

• Team Supervision: Provided strategic guidance to the Shared Services Team, overseeing client Disbursement Account (DA) submissions and financial transactions. Additionally, compiled and presented team KPI reports to Regional Management, driving performance improvements.

• Report Analysis and Management Communication: Prepared, analyzed, and communicated Quarterly, Half-Year, and Annual Commission reports for each client, delivering in-depth analytical reviews that informed management decisions.

• Stakeholder Relationship Management: Fostered strong relationships with clients and agents, facilitating seamless communication and collaboration to ensure smooth vessel operations at ports.

Coordinate Regional Accounting Hub function for Ro-Ro vessels for Hoegh Autoliner which is based in Oslo, Norway. (Ports Handling: Saudi Arabia, Bahrain, Abu Dhabi, Dubai, Kuwait, Oman, Jordan, Yemen, Iraq, Pakistan)

Accounting System Used: Gem Financials
Other Systems Used: S5, Da-Desk, Diabos, HAIIA, Business Web, ShipNet

• Revenue Recognition and Reporting: Managed the issuance of invoices using Hoegh’s in-house system, ensuring accurate recording of freight collections across Middle East ports.
Identified and rectified discrepancies in issued invoices, enhancing the accuracy of financial records.

• Freight Collection Reporting: Recorded and verified freight collections for Middle East ports in the Hoegh Liner system, based on Weekly Financial Position (FP) Reports submitted by local agents.

• Disbursement Account (DA) Approval: Reviewed and verified Vessel Disbursement Accounts from each port, arranging settlements for global agents to ensure timely and accurate financial processing.

• Reconciliation: Conducted monthly reconciliations for outstanding freight collections, liaising with relevant ports to address any non-collection of freight bills, thereby maintaining financial integrity.

• Team Collaboration: Coordinated with the operations team to provide guidance on freight collection processes, and reviewed discrepancies in invoices to ensure consistency and accuracy.

An Australian-owned and operated business with over 30 years of experience in back-office processing for Finance, Accounting & Information Technology.

Accounting system used: (MYOB, Quick Books, Xero and Handi Ledger)

• Financial Reporting and Analysis: Prepared monthly financial statements, including Profit & Loss statements, Balance Sheets, and supporting schedules, ensuring accuracy and completeness.

• Team Supervision: Supervised and monitored the work of accounting clerks, overseeing critical transactions such as Accounts Payable, Accounts Receivable, and other key financial entries.

• Aging Reports Management: Analyzed monthly payable summaries and ensured timely processing of payments, maintaining effective cash flow management.

• Compliance Review: Reconciled GST and PAYG statements for Australian tax purposes, ensuring compliance with local tax regulations.

• Management Reporting: Provided management with detailed financial insights, including Income & Expense reports and Wage Analysis, to support strategic decision-making.
• Payroll Processing: Calculated weekly wages based on employee timecards and efficiently organized and processed paychecks for all staff members.

A Sri Lankan company with over 30 years of experience importing and exporting of beverages and food items to the local and international market.

Accounting system used: Quick Books.

• Financial Reporting and Analysis: Prepared Profit & Loss statements, Balance Sheets, and presented detailed analytical reports to management, offering insights for strategic decision-making.

• Accounts Payable (A/P) Reporting: Verified and posted A/P entries, loan transactions, and related accounting journal entries into the accounting system, ensuring accuracy and overseeing the work of clerks.

• Reconciliation: Conducted monthly bank reconciliations and processed corrective entries, including the preparation of statutory reconciliation reports to ensure financial accuracy.

• Cost Computation and Pricing Guidance: Calculated costs for import items, accounting for Customs Duty, VAT, Excise Duty, and other statutory fees. Set item selling prices using cost drivers to account for overheads.

• Tax Compliance: Prepared and submitted statutory tax returns, including VAT, NBT, ESC, and PAYE, ensuring compliance with all regulatory requirements.

• Ad Hoc Management Reporting: Generated and presented ad hoc reports to senior management, providing insights on daily sales performance, stock levels, and bank balances.

• Factoring and Debtor Account Reconciliation: Analyzed monthly debtor and aging reports and coordinated with factoring organizations to maintain accurate accounts.

• Payroll Management: Managed employee leave records and prepared overtime calculation reports, facilitating the accurate and timely processing of payroll.

Analytical Instruments (Pvt) Ltd forefront of supplying the latest technologies and products to diverse markets in the Medical, Analytical, and Agriculture sectors in Sri Lanka, reliably and efficiently.

• Supplier Communication and Order Management: Coordinated with overseas suppliers to place orders timely, ensuring seamless supply chain operations.

• Cost and Profitability Analysis: Conducted cost analysis and pre-import costing for orders, preparing profitability analysis reports for management decision-making.

• Import Reporting: Prepared and presented weekly and monthly import reports to management, providing insights into import activities and trends.

• Clearing Process Coordination: Directed and instructed clearing assistants, coordinating the clearing process with freight agents to ensure efficient and timely clearance of goods.

-Preparation of monthly sales reports, expense schedule & maintain petty cash float for show room operation.

-Coordinate administrative works with other stake holders