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Vaseharan Malarahithasarma, Finance Business Services Specialist

Vaseharan Malarahithasarma

Finance Business Services Specialist·Qatar Airways

South Africa

High school or equivalent, Advanced Diploma in Management Accounting -

Work experience

Total years of experience: 14 years, 11 months

Finance Business Services Specialist

January 2022 - Present

Qatar Airways

Johannesburg, South Africa

January 2022 - Present

• Oversee financial and tax compliance for the Southern Africa region, ensuring 100% adherence to local regulations.
• Collaborate with business units to prepare overhead and manpower budgets, optimizing resource allocation.
• Spearheaded process automation initiatives, reducing manual effort by 30% and enhancing accuracy.
• Supervise and mentor a team of finance coordinators, achieving a 20% improvement in team KPIs.
• Authorized payroll and regional accounting activities, maintaining statutory compliance and accuracy.
• Established strong stakeholder relationships, contributing to seamless financial operations.

Key Achievements:
• Reduced financial process turnaround time by 25% through innovative automation tools.
• Improved financial health visibility by developing comprehensive management information systems.

Company industry:
Airlines

Finance Supervisor

June 2018 - December 2021

Qatar Airways

Johannesburg, South Africa

June 2018 - December 2021

• Managed accounts payable/receivable and cash flow, maintaining optimal working capital.
• Streamlined month-end closing processes, reducing reconciliation time by 40%.
• Developed and implemented internal controls that decreased fraud risks by 30%.
• Introduced cost-saving measures, achieving annual savings of USD 200, 000.
Key Achievements:
• Reduced budget variances by 15% through proactive monitoring and early intervention.

Company industry:
Airlines

Finance Officer

June 2014 - May 2018

Serendipity Travels Worldwide Group

Durban, South Africa

June 2014 - May 2018

• Optimized cash flow management, reducing outstanding debts by 20%.
• Conducted monthly bank reconciliations, resolving discrepancies promptly.
• Provided financial forecasts that informed key leadership decisions, boosting strategic accuracy.

Company industry:
Travel Agency

Compliance & Risk Officer

June 2011 - April 2014

SMB Securities Pty Ltd

Colombo 1, Sri Lanka

June 2011 - April 2014

• Reduced compliance risks by 99%, achieving zero audit findings in the first year.
• Monitored credit sales exposure to ensure compliance with stock exchange policies.
• Identified efficiency improvements, enhancing operational cost-benefit by 15%.

Company industry:
Financial Services

Education

CIMA

January 2012

January 2012

High school or equivalent, Advanced Diploma in Management Accounting -

United Kingdom

University of Peradeniy

January 2010

January 2010

Bachelor's degree, Bachelor of Science

Sri Lanka

Skills

MANAGEMENT
Expert
MANAGEMENT
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RECONCILIATION
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RECONCILIATION
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CLOSING (SALES)
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CLOSING (SALES)
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ACCOUNTS PAYABLE
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ACCOUNTS PAYABLE
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BANK RECONCILIATIONS
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BANK RECONCILIATIONS
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CASH FLOW MANAGEMENT
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CASH FLOW MANAGEMENT
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LEADERSHIP
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LEADERSHIP
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MANAGED ACCOUNTS
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MANAGED ACCOUNTS
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SECURITIES (FINANCE)
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SECURITIES (FINANCE)
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INTERNAL CONTROLS
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INTERNAL CONTROLS
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