Shakthi Fernando
Financial Analyst
Seeduwa,12
Summary
Experienced finance professional with progressive expertise in Financial Analysis, Management Accounting & Cost Controlling roles. Proven track record of adeptly managing financial operations, optimizing costs, and driving profitability. Skilled in financial analysis, budgeting, forecasting, and strategic planning. Possesses a keen aptitude for cross-functional collaboration and leadership and contributing to organizational success. Eager to leverage extensive experience and skills to foster financial excellence and bolster the growth of a dynamic organization.
Overview
9
9
years of professional experience
Work History
Financial Analyst
Komar, Inc.
08.2024 - Current
- Conducting detailed financial analysis to identify and evaluate changes in Sales, Dilutions, operations, trends and potential areas of improvement.
- Performing G/L Review for all the invoices in AP and addressing discrepancies accordingly.
- Training junior analysts on best practices in financial modeling, contributing to a stronger overall team performance.
- Facilitating smooth month-end close processes by working on Allocations & Provisions & addressing discrepancies promptly.
- Initiating the overall Budgeting Cycle of the division implementing process improvements that increased the efficiency of budgeting & Forecasting.
- Preparation of Variance Analysis after month-end closure & presenting them for the Monthly Financial Review.
Assistant Manager - Finance
Hela Apparel Holdings
12.2022 - 01.2024
- Supported annual audit process by preparing detailed schedules, reconciliations, and responding promptly to auditor inquiries .
- Streamlined month-end closing process by automating tasks and establishing clear deadlines.
- Collaborated with cross-functional teams to drive company-wide financial initiatives.
- Enhanced financial reporting accuracy with thorough data analysis and reconciliation.
- Directed budgeting and forecasting processes, identifying variances and recommending corrective actions to optimize financial performance.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Prepared comprehensive Income Statements for the director board, serving as a cornerstone for management accounting and strategic planning.
- Championed the preparation of customer profitability reports, offering critical insights into revenue streams and optimizing resource allocation.
- Finalized meticulous calculations for plant overhead, front-end, and support overhead costs, fostering transparency and cost-efficiency across operations.
- Supported annual inventory verification and fixed asset verification processes, ensuring accuracy and compliance with regulatory standards.
- Authorized Non-Trade PO, Capex PO, and Sample PO within SAP, ensuring comprehensive authorizations and justifications in alignment with company policies.
- Provided ad-hoc financial analysis support for various projects throughout the organization as needed .
Assistant Accountant
KBSL Information Technologies Limited
11.2019 - 11.2022
- Prepared detailed reconciliations for Market Opportunities & Sales/Contribution Forecast, ensuring accuracy and reliability of financial data for strategic decision-making.
- Orchestrated compelling presentations of Project Profitability Status Analysis, Sales Variance Analysis, and Cash Flow Forecast, providing valuable insights to management for performance evaluation and planning.
- Generated Weekly Project/Services Forecast and Engineering Utilization Reports, enabling efficient project progress tracking and resource allocation.
- Played a pivotal role in the Annual Budget Preparation and Corporate Planning processes, contributing insightful analysis and recommendations to enhance financial performance and achieve strategic objectives.
- Managed Interim Payment Certificates for ELV Projects, meticulously ensuring accuracy and compliance with contractual obligations and regulatory requirements.
- Assisted in the annual budget and forecast preparation, conducting variance analysis to identify cost-saving opportunities and improve operational efficiency.
- Supported the senior accounting team in the preparation of year-end financial statements and audit schedules, ensuring compliance with accounting standards and regulatory guidelines.
- Facilitated communication with the Help Desk Team for proposed Help Desk System development, leveraging cross-functional collaboration to enhance operational efficiency and effectiveness.
Executive- Cost Control
Timex Garments (Pvt) Limited
03.2018 - 10.2019
- Prepared and monitored Annual Budget, implementing necessary controls to address budget overruns.
- Conducted Monthly Budget Variance Analysis and led review meetings with management.
- Evaluated overall processes, making decisions on internal controls, process implementations, and cost-saving measures.
- Authorized recurring payments, including utility bills, petty cash expenses, recruitment expenses, and worker incentives.
- Oversaw all Purchase Requisitions, ensuring alignment with allocated budgets and stock availability.
- Prepared Profitability Analysis Reports, Cost Analysis Reports, and other ad hoc reports.
- Managed Annual Inventory Verification and Fixed Asset Verification processes.
- Conducted Process Audits, providing suggestions for improvements and implementing necessary controls.
- Prepared Key Performance Indicator (KPI) Analysis Reports.
- Rectified G/L Errors and Posting Errors in collaboration with Financial Reporting Team.
- Trained junior staff members for accelerated career growth
Management Trainee (Finance)
Homelands Holdings
11.2016 - 12.2017
- Managed payroll processing and coordination of various financial aspects like Sales Commissions, Allowances, Holiday payments, EPF, ETF Contributions.
- Prepared Bank Reconciliations and Current Account Reconciliations, maintaining precision in financial records.
- Updated Customer Ledgers as per payment plans, processed Customer Receipts, and handled customer payment-related matters.
- Oversaw payment processing for Supplier Bills & Utility Bills, ensuring timely and accurate disbursements.
- Collaborated with the IT team to develop a Centralized Management Information System by understanding divisional requirements, enhancing operational efficiency.
- Conducting vibrant Cost & Profit Analyses, bridging Actuals to Budgets, and fostering decisive conversations with management.
Accounts Assistant
MAS Holdings
03.2016 - 10.2016
- Managed the comprehensive SVAT function coordinating with suppliers and internal stakeholders for smooth operations.
- Contributed actively to plant audits, evaluating procedures for various operations such as Petty Cash, Cash Receipts, Purchasing, and GRN, providing recommendations for improvement.
- Played a key role in stock counts across different plant sections, conducting sample counts.
Intern (Financial Accounting)
MAS Holdings
11.2015 - 03.2016
- Managed validation of Petty Cash Payment Vouchers and plant bills for accuracy and compliance.
- Communicated effectively with suppliers and internal parties to facilitate SVAT processing seamlessly.
Education
MBA - Business Administration
University of Gloucestershire
Gloucestershire, UK 04.2001 -
Post-Graduate Diploma - Strategic Management & Leadership
Qualify
Nottinghamshire 04.2001 -
Associate Chartered Professional Manager (ACPM) - Strategic Management & Leadership
The Institute of Chartered Professional Managers
Colombo, Sri Lanka 04.2001 -
Certified Global Business Analyst (CGBA) - Business Analysis
Institute of Certified Management Accountants
Victoria, Australia 04.2001 -
Certified Management Accountant (CMA-AUS) - Management Accounting
The Institute of Certified Management Accountants
Victoria, Australia 04.2001 -
Certificate in Business Analysis - Business Analysis
National Institute of Business Management
Colombo, Sri Lanka 04.2001 -
Foundation Certificate in Business Analysis - Business Analysis
BCS, The Chartered Institute For IT
London, UK 04.2001 -
Bachelor of Science - Financial Management
Sabaragamuwa University of Sri Lanka
Belihuloya, Sri Lanka 04.2001 -
Skills
Business Partnering
Timeline
Financial Analyst
Komar, Inc.
08.2024 - Current
Assistant Manager - Finance
Hela Apparel Holdings
12.2022 - 01.2024
Assistant Accountant
KBSL Information Technologies Limited
11.2019 - 11.2022
Executive- Cost Control
Timex Garments (Pvt) Limited
03.2018 - 10.2019
Management Trainee (Finance)
Homelands Holdings
11.2016 - 12.2017
Accounts Assistant
MAS Holdings
03.2016 - 10.2016
Intern (Financial Accounting)
MAS Holdings
11.2015 - 03.2016
MBA - Business Administration
University of Gloucestershire
04.2001 -
Post-Graduate Diploma - Strategic Management & Leadership
Qualify
04.2001 -
Associate Chartered Professional Manager (ACPM) - Strategic Management & Leadership
The Institute of Chartered Professional Managers
04.2001 -
Certified Global Business Analyst (CGBA) - Business Analysis
Institute of Certified Management Accountants
04.2001 -
Certified Management Accountant (CMA-AUS) - Management Accounting
The Institute of Certified Management Accountants
04.2001 -
Certificate in Business Analysis - Business Analysis
National Institute of Business Management
04.2001 -
Foundation Certificate in Business Analysis - Business Analysis
BCS, The Chartered Institute For IT
04.2001 -
Bachelor of Science - Financial Management
Sabaragamuwa University of Sri Lanka
04.2001 -
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