Chamathka Samarasinghe Email & Phone Number

Australia

Hobart, Tasmania, Australia

Cambridge, Tasmania, Australia

• Leading the finance team with 5 direct reports, reporting to the Finance Controller.• Supporting decision making from a financial perspective, analyzing a wide variety of business processes from various perspectives, such as costs, revenues, profitability etc. • Working with operational departments by providing management information to achieve strategic objectives. • Working in collaboration with the leadership team preparing investment (capex) proposals and M&A projects.• Managing the financial accounting function and supports management, in decision making regarding Finance & Control and Business matters, with investigations, analysis, reports, presentations and advice. • Compilation and reporting of performance of the business in a true and fair manner in accordance with all applicable accounting standards. • Managing taxation, other statutory reporting, external audit. Liaising with banks on funding arrangements.

Sri Lanka

• Turnaround – Driving cost saving projects in pillars; Customer Rationalizations, Business Growth, Raw Material Cost, Sales General & Administration cost, Manufacturing & productivity to achieve the targeted bottom-line. • Worked with McKinsey group (US Based Management consultancy) on Turnaround Strategy• Monitored three garment factories located across Sri Lanka in terms of costing & budgeting.• Prepared Board paper for the AGM, including detailed analysis & explanations on profitability & performance, KPI achievement, financial position, cash flow & cash generation & borrowings (liquidity).• Prepared annual financial budgets; Overheads, Capacity, Sales, Labour budgets with weekly reviews.• Prepared variance analysis for budget variances with interpretations & communicated suggestions to align operations with budgets. • Prepared performance indicators; customer perspective, profitability, operational efficiency to measure performance of multiple sites. • Prepared mid month, month end overhead forecast to identify budget over runs, manage the costs within the budgets.• Conducted monthly performance & forecasting meetings. • Prepared cost of failure reports of operational inefficiencies & presented to the plant management.• Conducted Long Range Planning (LRP) and strategy sessions on SWOT Analysis, Expansions, Capacity, Headcount, Plant wise Cost per hour, Customer wise Earnings per hour, Cash Generation & cash flow. • Prepared moth end detailed sales analysis evaluating Earnings per hour, FOB per hour, customer efficiency, inventory movement, produced & sold hours & standard minute value of garments identifying reasons for deviations of projected, budgeted & actual sales. • Prepared monthly raw material cost analysis, pre order, post order costing, usage variance identifying reasons for deviations of actuals against the projected & budgeted RMC.• Prepared margin costing, customer profitability, product profitability to rationalize customers.

Sri Lanka

• Experience in major aspects of financial accounting and reporting, financial statements preparation and interpretations, handling year end and interim external Audits, maintaining charter of accounts, month end accounting records, reconciliations & other financial reports to assess accuracy, completeness and conformance to reporting and procedure standard.• Prepared year-end financial statements annually along with its reconciliations, schedules and notes.• Worked with external auditors. Provided required financial information to the auditors on the deadlines with the explanations and justifications of impact on financial statements.• Internal Auditing including recommendations and initiatives in implementation of adequate internal controls followed by continuous audits - Plant audits, Control Self – Assessment (CSA Audits) and Fixed assets audits. • Monthly Balance Sheet review. Prepared monthly reconciliations for accrual/provision accounts, receivables, prepayments and salary related accounts.• Monthly P/L Review. Reviewed all overheads related to plants to identify cost variations. • Generated standardise month end journal entries and maintained the charter of accounts.• Engaged with accounting teams including AR, AP, GL, Treasury, MA and SAP Controlling in order to run the queries and prepare reports.• Prepared and maintained the Fixed Asset Register followed by presentations to the Management.• Performed physical stock counts in the overlooked plants.• Prepared & reviewed Bank Reconciliations & Related party Reconciliation Statements.• Monitored the petty cash and ensured the accuracy of petty cash function of the plants.• Prepared monthly tax schedules (NBT, VAT, ESC, WHT, Income Tax), tax returns, ensured compliance with payment and other statutory compliances. • ERP System upgrade (SAP R/3 AFS version 7.4) - involved in the cut over to validate and upload data to the upgraded version of ERP system. • Trained in Lean management.

Sri Lanka

• Prepared Investment Appraisals, feasibility analysis, SWOT reports, organizational goals setup for local and foreign mergers and acquisition projects.• Prepared Reports to Central Bank related to Maturity - Loan maturity analysis, Assets & Liabilities, statement of related party transactions, statement of Fixed Deposits & Savings. • Ratio analysis and monthly reviews of the financial performance followed by presentations to the Head of Finance.• Prepared Bank Reconciliations, Product reconciliations - working capital loans, term loans, hire purchase, and Leased assets for both conventional business and Islamic Business Unit (s) (IBU).

Sri Lanka

• Prepared monthly and year to date financial and management accounts – Profit and Loss, Balance Sheet and the Cash flow statement, performance indicators, customer profitability, creditor & stock ageing reports and capital expenditure.• Cost projection for establishment of new units & hospital expansions. • Processed accounts payable in a timely/efficient manner, journalised purchases referred to Purchase order and GRN. • Provided financial reports to management, unit wise profitability that assisted the management to arrive at ideal product and sales mix to maximise organisation profitability.• Prepared a budget on full year basis and conducted forecasting on monthly basis, identified variances and reported to the managers with reasons.• Assisted the managers in preparation of appraisal reports (profitability, performance and cash generation using ratios, audit reports) for an acquisition project of a hospital in a rural area. • Monthly cost monitoring and preparation of cost variance analysis. • Project appraisal for establishment of new medical units & expansions. • Actively participated in business process re-engineering. Implemented new processes, layout changes which brought significant improvements in efficiency and timing. • Handled petty cash function. Processed the payroll. • Managed credit periods and monitored bank accounts to manage funds and working capital. • Prepared monthly schedules for Taxation.

Accounting And Finance

Management Accounting

Accounting And Finance, Strategic Level

Education record

Lean Management