Mohamed Riyas

Accountant at Rainbow Plastic Industries

• Sri Lanka - Colombo 1
• March 2018 to March 2024

• Prepared and analyzed financial statements,
including balance sheets, income statements,
and cash flow statements.

• Lead the reconciliation of general ledger
accounts and ensure accuracy of financial data
are captured accurately and timely.

• Overseen the cost accounting process,
including tracking and analyzing manufacturing
costs, inventory valuation, and variance
analysis.

• Assisted in the development of annual budgets
and forecasts for manufacturing operations.

• Orchestrated accurate and timely monthly,
quarterly, and year-end closings, generating
insightful management reports on KPIs.

• Managed purchase and payment approvals,
daily cash flow, and credit facilities.

• Overseen accounts payable and receivable
processes, including invoice processing,
payment scheduling, and collections

• Monitor and reconcile inventory levels,
ensuring accurate valuation and proper
accounting treatment.

• Maintained fixed assets register, record
depreciation expenses, and reconcile asset
balances.

• Ensured compliance with all relevant financial
regulations, including tax laws and reporting
requirements

• Implemented and monitor internal control
procedures to safeguard company assets and
ensure compliance.
• Provided support to auditors by preparing
schedules and addressing queries.

• Produced comprehensive management reports
and presentations, guiding senior management
with strategic recommendations.

• Negotiated with customer and suppliers for
best prices and discounts.

• Recommended innovative ideas for major
diversification.

• Evaluated and adjusted credit limits for
customers.

• Identified and communicated pertinent
industry trends and performance drivers.

• Ensured compliance with tax regulations
through accurate VAT return preparation and
submission.