Anuradha Amarathunga

• Manage a large and dynamic team of insurance professional providing Accounting, Financial Analysis and Underwriting services for US, Bermuda and Cayman captive clients
• Work with managers in the business division to identify roles and tasks which can be supported by the Shared Services Teams.
• Ensure timely delivery of tasks and responsibilities whilst maintaining high servicing standards.
• Work with the business division to implement best practices across all Shared Services Teams.
• Tracking of operating metrics and driving process efficiency
• Implementation of new tools and finance systems
• Establish team and individual performance indicators
• Use of Data visualization tools to monitor team performance
• Ensure adherence to compliance and regulatory frameworks.

Achievements

• Roll out of new Finance system across US, Bermuda and Cayman
• Initiation of Data visualization tools to monitor performance

Operations Management

• Lead, motivate, and support a large team within a time-sensitive and demanding environment, including career development plans for direct reports and problem resolution
• Monitor key metrics such as KPIs and SLAs to achieve productivity targets, reduce cost per FTE, eliminate errors, and deliver excellent customer service
• Partner with cross-functional teams to improve and upgrade operational management systems, processes and best practices
• Work closely with Risk and IT departments to ensure compliance with ISO standards
• Formulate and drive team strategies to be in line with expectations of the client and senior management
• Spearheading continuous improvement and transformation initiatives, such as Data visualization, Kaizen, Agile and Lean initiatives
• Ensure process changes are tracked along with frequent updates to Process documentation and High-Level process maps
• Efficient utilization of resources through dynamic capacity planning tools
• Upskilling and cross-skilling of team members and succession planning for critical roles to enhance agility and flexibility in service delivery

Project Management

• Spearhead the transition of outsourced accounting and finance work from US clients
• Ensure transition scope and deliverables are understood and approved by client and senior management
• Work with internal stakeholders and clients as required to clearly define and document key transition parameters including objectives, outcomes, scope and resource requirements
• Publish regular updates to client, senior management and internal stakeholders detailing transition risks and issues
• Ensures transition documents are complete, current, and stored appropriately
• Work with internal stakeholders to support the development of a business case for new initiatives
• Ensure new policies and procedures created during work transitions are approved, published and implemented successfully

Stakeholder Management

• Produce performance reports and dashboards for senior management
• Prepare and participate in delivery of presentations to clients, senior management and internal stakeholders
• Participate in regular governance meetings with clients and senior management, such as Monthly and Quarterly Business reviews

Financial Management

• Ensuring compliance with relevant accounting standards and regulatory requirements
• Providing expertise and guidance on various aspects of General Accounting
• Coordinate and lead internal control walkthrough meetings with team leads and internal quality auditors
• Design, execute and perform detailed testing of internal controls for General Accounting processes
• Rationalization of Chart of Accounts in line with best practices
• Implement controls to eliminate off balance sheet items and unreconciled balances

Achievements

• Transition of additional outsourced business despite the downturn in the Travel sector
• Automation and standardization of client's Finance operation, thereby creating an efficiency release of 20 FTEs.

• Ensuring compliance with relevant accounting standards and regulatory requirements.
• Maintaining account level profitability.
• Efficient utilization of resources through capacity planning.
• Providing expertise and guidance on various aspects of General Ledger accounting.
• Producing management reports and dashboards for senior management.
• Establish KPI framework to monitor team performance.
• Spearheading continuous improvement and transformation initiatives.
• Ensure that process documentation is up to date

Achievements

• Successful transition of accounting work for a new US client.
• Established a sustainable working from home (WFH) operating model.
• Developed excel based dashboards for management and client reporting.
• Established an operational excellence framework which is compliant with ISO 9001:2015.

• Managing working capital and monitoring of daily bank balances.
• Preparation of product costing and investment feasibility analysis.
• Preparation of Business unit wise management accounts.
• Monitoring of critical cost indicators and lifetimes of high value spares against set industry standards.
• Devising and calculation of Business unit wise production incentive schemes.
• Signing off all payment vouchers prior to submission for payment.
• Signing off of Purchase requisitions for all Business Units.
• Project Lead for the implementation of SAGE Evolution ERP.

• Headed the General Accounting and Reconciliations Unit for the insurance vertical.
• Used Process Mapping Tool kit (PMT) to analyze client’s financial processes and devised/evaluated Detailed Procedure Manuals (DPMs).
• Conducted Failure Mode and Effects Analysis (FMEA) to identify potential risk or process gaps, and identified measures to control/mitigate them.
• Ensured that reporting is compliant with US GAAP, accounting standards and client accounting policy.
• Developed weekly/monthly analysis for each bank/suspense account, with supporting commentary on variances.
• Acted as the head of General Accounting operations of Life & Protection insurance vertical which comprised of 48 team members.

Achievements

• Developed weekly/monthly performance reporting dashboard to report KPIs.
• Developed Capacity based Resource optimization framework, which improved efficiency.

• Evaluated Pre-order costing sheets in order to optimize Cut-and-Make Contribution Margin.
• Prepared Post Order Evaluation and detailed Variance analysis.
• Performed Inventory management, Material management and authorized Purchase requisitions.
• Tracked KPIs and provided recommendations on areas of improvement.
• Prepared the budget, and reported on variances at the Weekly Management Meeting.
• Performed cost benefit analysis and sensitivity analysis to support management decision making.
• Prepared the monthly board meeting pack for the CEO.
• Acted as the head of the Management Accounting function managing a team of 15 factory accountants.

Achievements

• Transformed the company from a loss in FY 2012/13 to a profit making entity with the help of Cross Functional Team members, through cost control and cost reduction techniques.

• Prepared final accounts and financial reporting in compliance with accounting standards.
• Performed product costing and managed import/export documentation.
• Inventory management and authorization of purchase requisitions.
• Managed working capital and liaised with banks and auditors.
• Prepared the budget for the copra and cocoa operation.
• Headed the Finance division at the Santo branch, with 5 team members.

Achievements

• Rationalized product range based on profitability and analysis of competition and market demand.

• Determined retail prices via detailed product costing and competitor/market information.
• Managed inventory at the warehouse and retail locations by monitoring sales trends.
• Prepared the Annual Budget and Company Corporate Plan, and monitored and reported variances.
• Engaged in the formulation and implementation of cost reduction and cost control strategies.
• Implemented and managed the corporate performance management system, and measured and reported KPIs.
• Acted as head of the Corporate Planning, Budgeting and Management Accounting division with 10 team members.

Achievements

• Reduced inventory cost as a % of sales from 12% to 7%.
• Developed a company-wide KPI framework to couple individual and corporate performance.

• Monitored KPIs and SLAs and submitted monthly analysis reports to the senior management.
• Discussed with relevant project managers on project status, projected vs.
• Actual cost comparisons, limitations and possible delays.

Achievements

• Part of the team that rolled out the internally developed corporate performance management system.