Internal Audit Manager
Ceylon Petroleum Storage Terminals Ltd
Total years of experience :16 years, 7 Months
I am responsible to overlook the internal audit function of the company
and report, the effectiveness of the governance process, risk management
and internal control process of the entity, to the Audit Committee and the
Chairman.
* Reviewing the reliability and integrity of operating information
and the means used to identify measure, classify, and report
such information.
* Reviewing of accounting, administrative and information
systems established to ensure compliance with policies, plans,
procedures, laws, and regulations which could have a
significant impact on the company.
* Reviewing the means of safeguarding assets and verifying the
existence of such assets.
* Reviewing the effectiveness and efficiency with which
resources are employed.
* Reviewing operations or programs to ascertain whether results
are consistent with established objectives and goals and
whether the operations or programs are being carried out as
planned.
* Reviewing governance and risk management processes.
* Performing consulting and advisory services related to on the
instruction of the board .
* Reporting significant risk exposures and internal control issues,
including fraud risks, and other matters.
* Evaluating specific operations at the request of the Audit
Committee or the Chairman, as appropriate.
Took initiative to establish Reorder
levels and Economic Order Quantity
(EOQ) in the SAP at all three hotels in
Maldives
ACHIVEMENT
Work place achievement
Successfully introduced Forward
Contracts to hedge the currency risk
of MAS Intimates Pvt for the first time
and able to save USD 1.5M within
first three months.
I have been made responsible for the Management of Inventory and
Oil Stock which consist of more than fifteen storage locations and two
tank farm locations.
* Ensure efficient management of material inventory and improve
the stock turn days
* Management of Slow/Nonmoving items
* Support the Material Requirement Planning process; setting up Re-
order level, Minimum & Maximum level and periodical review for
improvements
* Reconciliation of Monthly Oil Stock and report to the Management
* Maintenance of Fixed Assets Register and carry out annual
verification
* Take part in Technical Evaluation Committees in assessing project
feasibilities.
* General Administration of Finance Division
Bunkering Operation
* I have been assigned the full responsibility of finance aspects of this
operation and contribute in key decision-making process.
* Management of customers including preparation and execution of
customer agreements, support the management in pricing Bunker
Products
* Management of Revenue
* Customer credit management
* Dealing with external parties such as Banks, external auditors,
suppliers and keep a good rapport
* Treasury management including identifying possible investment
opportunities to invest excess cash and generate an additional
return while maintaining a balance in working capital
* Prepare Monthly financial reports and report to the management
* Take part in the team of integrating bunkering operation into SAP
ERP system
Preparation of monthly Financial statements and daily
management reports of the hotel and reporting to the
management
* Planning, Re-forecasting and Budgeting of the Financial
Performance and Position of the Hotel
* Monitoring food cost, beverage cost and overheads and taking
necessary actions to curtail them as appropriately with a
consultation of Accountant.
* Ensure all transactions and events are being properly recorded in
the books of account and provide guidance to staff members
where necessary.
* Monitor both general store and food store rooms according to the
set standards to ensure five star food safety procedures at all time.
* Dealing with statutory bodies such as Inland Revenue to arrange
timely payments and information required.
At
bank accounts and maintaining solid rapport with suppliers and
customers while supporting the Reporting team on Month End
Process
* Maintaining loan maturity schedules and carrying out loan
reconciliation at month end.
* Overlook the cash out flow process and vendor management
function. Hedging the exchange rate risk exposure (Forward
Contracts) and evaluating possible methods of hedging of interest
rate risk for the company.
* Month end reports, stock verification, GRIR age analysis, Vendor
Age Analysis, Advance payments age analysis, Transfer Pricing
reconciliation, Loan maturity reconciliation, Monthly KPIs for
Factories
Benchmarking CIMA Qualifications UK NARIC has recently completed a benchmarking exercise on behalf of the Chartered Institute of Management Accountants (CIMA), to evaluate the entry level Certificate in Business Accounting and the three levels of the CIMA Professional Qualification, based on their updated syllabus to be offered from 2015, against the Qualifications and Credit Framework (QCF). The Chartered Institute of Management Accountants (CIMA) is a global professional body offering training and qualifications in management accountancy and related subjects, focused on accounting for business. To summarise the structure of the Professional Qualification: CIMA Qualification Comparability to the Qualifications and Credit Framework (QCF) Certificate in Business Accounting Considered comparable to QCF Level 4 standard Diploma in Management Accounting Considered comparable to QCF Level 5 standard Advanced Diploma in Management Accounting Considered comparable to QCF Level 6 standard Chartered Global Management Accountant (CGMA) Considered comparable to QCF Level 7 standard The overall level of comparability of the CGMA designation can be summarised as follows: Chartered Global Management Accountant (CGMA) Considered comparable to British Master’s degree standard
Master of Business Administration
URL removed due to policy violation. Please contact support for further information.