Charan Prashath
Colombo
Summary
Accomplished Finance Review Manager at Coats PLC, adept in SAP S4 Hana and demonstrating exceptional team leadership. Streamlined financial processes, significantly improved reporting accuracy, and led a global team in transformative projects, enhancing operational efficiency and supporting strategic decision-making.
Overview
8
8
years of professional experience
Work History
Finance Review Manager
Coats PLC
01.2024 - Current
- Leading the outsourced financial transactional support team of 100+ FTEs globally on day to day activities
- Regular catch ups with local finance teams to understand and fulfill the gaps on agreed SLAs and KPIs of the services provided by the transactional team
- Actively involve in month end and year end reporting, books closures and various management reporting
- Serving as a R2R finance review lead globally and support the senior management on accuracy of reporting, decision making and new innovations
- Working along with FP&A and costing team on monthly forecasts and budgeting
- Working on cost center and profit center management to help the divisional and functional management on visibility towards the financial statements
- Supporting units extensively on transformations and special projects of R2R and P2P towers and for a limited scope under O2C tower
- Liaising with SAP support team on any optimization and streamlining the process of modules and internal controls
- Working as a direct contact point of local and outsourced teams' service tickets management on several areas under FI/CO modules in SAP
- Conducting quality audits on random markets and functions to understand the policies are adhered properly according to local and group requirements
Senior Reporting Analyst
Coats PLC
05.2023 - 12.2023
- Handling the month end and year end closures of multiple SBUs of China and management reporting
- Complete ownership of the subsequent reporting tools and dashboards across China and Hong Kong markets
- Overall control towards Fixed assets including the IFRS 16 implementation and control
- Preparation and control of the monthly cashflow of SBUs including the forecasts and controlling the NWC of the company
- Complete ownership of Balance Sheet reconciliation
- Frequently engage with management on supporting decision making from financial and controls perspective
Internal Audit Manager
Coats PLC
06.2021 - 04.2023
- Independent review towards the financial statements of various units
- Reviewing the costing, variance analysis, capitalization, pricing and other management accounting areas
- Reviewing the budgeting process of various units and identifying the gaps and learnings
- Understanding the potential risks in future and assisting the managements on mitigating actions
- Monitoring the timelines of the statutory payments and the robustness of the process to avoid any consequences
- Auditing the production related checks such as Input / Output reconciliation, Excess/short production, conversion factor related checks, and others
- Auditing all the support functions independently and identifying the key risks
- Complete ownership towards the risk questionnaire and KCF globally
- Preparation of board papers for Audit and Risk committee meetings
Finance Executive
Coats Thread Exports (Pvt) Ltd
01.2019 - 05.2021
- Preparing monthly financial reporting pack, year-end financial reporting pack and statutory financial statements in accordance with IFRS, IAS and submitting them within the group deadlines
- Performing daily/monthly sales finalization and reporting to the group
- Reviewing and maintaining the GLs, cost center and profit centers accuracy
- Actively involved in standard costing process and variance analysis
- Annual and interim budget preparation with a collaboration of other cross functional teams
- Liaising with internal and external auditors to complete the internal audit and annual financial audit within the deadline
- Ownership of bi-annual stock count and reconciliations
- Complete ownership of the monthly payment cycles and handling vendor queries
- Liaising with financial institutions and managing derivatives and other trade documents
- Bi-annually performing an overall reconciliation on the related party balances
Junior Finance Executive
Expolanka Freight (Pvt) Ltd
10.2017 - 12.2018
- Costing allocation for shipments
- Billing and statement preparation for customers
- Handling payments on weekly basis and maintaining the cash position
- AR and AP follow up
- Month end functional cost finalization
Finance Intern
Berendina Microfinance PLC
11.2016 - 05.2017
- Consolidation of branch's' weekly cash flows
- Consolidation and finalizing yearly CAPEX budget
- Reconciliation of year and stationary stock
- Reimbursement process of staffs expenditures
Education
MBA - International Business
University of West Scotland
Scotland03.2021
Professional - Accounting And Business Management
Chartered Institute of Management Accountants
England05.2018
Skills
- SAP S4 hana
- MS office
- Team Leadership
- Time Management
- Verbal and written communication
- Operations Management
- Budget Control
- Financial Management
References
Manoj de Silva
Head of FP&A - Coats PLC
manoj.desilva@coats.com
+94 777 269496
Chamli Weerasinghe
Financial Controller - Coats Thread Exports (Pvt) Ltd
chamli.weerasinghe@coats.com
+94 777 578582
Languages
Tamil
Native language
English
Proficient
C2
Sinhala
Advanced
C1
Timeline
Finance Review Manager
Coats PLC
01.2024 - Current
Senior Reporting Analyst
Coats PLC
05.2023 - 12.2023
Internal Audit Manager
Coats PLC
06.2021 - 04.2023
Finance Executive
Coats Thread Exports (Pvt) Ltd
01.2019 - 05.2021
Junior Finance Executive
Expolanka Freight (Pvt) Ltd
10.2017 - 12.2018
Finance Intern
Berendina Microfinance PLC
11.2016 - 05.2017
MBA - International Business
University of West Scotland
Professional - Accounting And Business Management
Chartered Institute of Management Accountants
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