Demin Jayasinghe Email & Phone Number

Gregory Hills, NSW, AU

Dubai, Dubai, AE

Reporting and ReviewIntroduced monthly management reviews to IPP, ‘Financial review’ with the board, ‘sales review’ with sales department and ‘operations review’ with factory managers. Designed and implemented the costing system and the financial reporting system of IPP and LNP. Led the IFRS convergence process in 2012. Led the ERP developments being a.

Dubai, Dubai, AE

• Career highlights in IPP.
• Reduced the lending rate of the company from 10.25% to 4.5%.
• Led the “sales drive” (a company-wide motivational & throughput alignment activity) to record the highest ever sales in its history.
• Within a short period successfully turned around all the departments under purview. Discipline & consistency were instilled. Elevated to the professional standards through adoption of functional best practices and.
• Introduced monthly management reviews to IPP.
• Led the ERP evaluation and selection process, requirement gathering, and blue print drafting process.

Dubai, Dubai, AE

• Financial reporting and Reviews
• Supervised the generation of monthly, quarterly, and annual financial statements (P&L/BS/CFS).
• Timely review and interpretation of financial information through focused monthly reviews (Financial Review, Sales Review & Operations Review (Factory KPIs review with the operations team).Financial control
• Sales-related controls – Assigned credit limits for each customer. Margin management - Monitored the margins and provide feedback to form correct pricing strategy. Collection management - Individual meetings with sales.
• Operations related controls – Established desired working capital levels, monitored and alerted monthly. Monitored monthly changes in ‘value-add’, reviewed the reasons for fluctuations. Monitored purchase prices.
• Coordinated with the sales team for budgeted Sales and Gross margins, and coordinated with the cost centers to generate zero-based expense budgets wherever possible. Periodic review of variances to find and implement.

Dubai, Dubai, AE

Colombo 02, Western, LK

• Key achievements as the Head of Corporate Planning (Senior Manager)
• Spearheaded the corporate planning process of LNP, identified the key issues faced by the company and arrived at recommendations, drafted a five-year business strategy. Supported and followed through the implementation.
• Saved hundreds of millions of rupees for LNP through tax planning, obtaining R&D concessions and claiming VAT exemptions on qualified products.
• Appointed as the secretary to the board.
• Led the IFRS convergence process occurred in 2012.
• Established Balanced score card (BSC).

Colombo 02, Western, LK

• Key achievements/responsibilities as the Chief Accountant (Manager)
• Led and managed 31 diversified financial professionals (25 direct reports, 6 indirect).
• Designed & wrote each and every page of the Annual Report. Achieved awards for the best annual report of the sector.
• Led the ERP development being a member of the ERP steering committee.
• Oversaw the preparation of the Budgets, monthly management accounts, and annual audited financial statements.
• Provided management information for the Ex-co meetings (the apex management forum of the Company).

Colombo 02, Western, LK

• Key achievements as the Management Accountant
• Established a new cost accounting system with new cost cards.
• Introduced different pricing strategy for each class of products. FMCG products based on market perception, others by marking up the cost.
• Established a new culture within the organization to use cost and Gross Profit information for decision making.

Colombo 02, Western, LK

Cpa Member, Accounting

Master Of Business Administration (Mba), General

Finalist, Attorney At Law

Acma (Uk), Chartered Management Accountant

Cgma, American Institute Of Cpa

Finalist, Acca

Iia Member, Internal Audit

High School Education