Umeshkar Sivasamy

Key Result Areas:
• Managed end-to-end accounting operations covering Accounts Payable (AP), Accounts Receivable (AR), treasury management, general ledger, fixed assets, and inventory accounting.
• Prepared and presented monthly, quarterly, and annual financial statements in compliance with IFRS and internal financial policies.
• Orchestrated AP and AR functions including vendor payments, customer collections, reconciliations, aging analysis, and revenue validation processes.
• Executed comprehensive reconciliations across bank, intercompany, supplier, customer, and balance sheet accounts ensuring financial accuracy and integrity.
• Supervised cash flow management, daily collections, petty cash handling, banking transactions, and credit card reconciliations to ensure strong treasury control.
• Administered fixed asset accounting, inventory control, budgeting, variance analysis, MIS reporting, audit coordination, ERP implementation, policy development, internal controls enhancement, and led month-end and year-end closing processes.
• Ensured compliance with IFRS reporting standards while supporting audit readiness and strengthening internal financial control frameworks for healthcare operations.
• Supported financial data structuring and GL accuracy enhancements to improve reporting transparency and decision-making efficiency for management reporting.

Highlights:
• Improved month-end closing efficiency by streamlining reconciliation and reporting workflow across multiple accounting modules.
• Enhanced cash flow visibility by strengthening daily tracking mechanisms across collections, banking, and treasury transactions.

Key Result Areas:
• Spearheaded financial management of multiple event projects including budgeting, forecasting, cost control, and profitability optimization.
• Controlled project expenditures, vendor settlements, receivables, and invoicing cycles while ensuring strict financial discipline and timely processing.
• Conducted detailed profitability and variance analysis, delivering actionable insights for strategic decision-making and cost efficiency improvement.
• Managed tender securities, performance guarantees, and bank guarantee documentation in alignment with contractual and banking requirements.
• Prepared MIS reports, project cost statements, and financial performance reports for senior management decision support.
• Coordinated with project, procurement, and vendor teams while leading month-end and year-end closing including reconciliations, accruals, and project financial reviews.
• Strengthened project-level financial tracking systems to improve budget control accuracy and enhance cost visibility across multiple event portfolios.

Highlights:
• Improved project profitability through stronger cost monitoring and variance control across multiple event budgets.
• Reduced vendor payment delays by streamlining invoice validation and approval workflows.

Key Result Areas:
• Maintained general ledger (GL) accuracy and prepared financial statements and management
reports in compliance with accounting standards.
• Managed Accounts Payable (AP) and Accounts Receivable (AR) processes including payments,
collections, aging analysis, reconciliations, and cash flow monitoring.
• Supervised inventory accounting and fixed asset lifecycle management including capitalization,
depreciation, stock reconciliation, and control procedures.
• Executed revenue recognition for IT product sales, service contracts, and channel partner
commissions in compliance with accounting policies and standards.
• Performed cost analysis and implemented cost optimization initiatives to improve financial
efficiency and reduce operational expenses.
• Led month-end and year-end closing activities including journal entries, accruals, schedule
preparation, audit documentation, budgeting, forecasting, MIS reporting, and cross-functional
coordination.

Highlights:
• Improved cost efficiency through identification and elimination of recurring operational and procurement inefficiencies.
• Reduced reconciliation mismatches by strengthening GL review and month-end control procedures.

Key Result Areas:
• Prepared and validated financial statements ensuring accuracy, completeness, and compliance
with accounting standards while maintaining strong general ledger control.
• Managed vendor payment cycles, reconciliations, and payment scheduling in accordance with
contractual obligations and company policies.
• Supported internal and external audit processes by preparing audit schedules, reconciliations,
and required documentation.
• Ensured compliance with tax regulations including withholding tax (WHT), statutory
deductions, and regulatory filing requirements.
• Optimized payment tracking systems, reducing delays in vendor settlements and improving
supplier relationships.
closing activities including accruals, journal postings, and financial reporting in coordination

Highlights:
• Reduced vendor payment cycle time through improved tracking and reconciliation controls.
• Enhanced audit readiness by achieving minimal discrepancies during audit reviews through structured documentation systems.

Key Result Areas:
• Managed VAT returns with reconciliations and tax reviews, ensuring accurate, compliant, and
timely submissions.
• Supported audits through testing, financial analysis, and documentation review, including
control evaluation, findings documentation, reporting, and client coordination.

Highlights:
• Successfully conducted internal audits across a nationwide network of branches and outlets for one of Sri Lanka's largest automotive companies, strengthening compliance with internal controls, improving operational efficiency, and supporting effective risk management practices.