DAMITH SURANGA
Wattala
Summary
Experienced Senior Accountant successful at cultivating effective working relationships at all levels while driving improvements to budget administration, expense tracking and forecasting of future financial needs. Proven track record of performing work ethically while maintaining integrity of all financial data.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Senior Accountant
Coca Cola Maldives (Male Aerated Water Co. Pvt Ltd)
Maldives
01.2019 - Current
- Evaluate credit risk and establish appropriate credit limits, reducing trade receivable days from 35 to 20, contributing to risk management and financial stability
- Manage General Ledger (GL) and related accounting tasks, ensuring compliance with standards
- Experienced Treasury Manager adept at optimizing investment returns through fixed deposits, managing divisional performance, cash forecasting, and implementing money market instruments for liquidity
- Conduct bank reconciliations, transitioning to systematic processes, resulting in a 600% increase in efficiency and accuracy
- Conduct in-depth product profitability analyses and value chain reports to support pricing decisions and improve gross profit margins
- Collaborate with internal stakeholders to ensure alignment with organizational objectives
- Support external audits and investigations, identifying compliance issues and assisting in rectification
- Effectively oversee multinational AR teams, optimizing processes to ensure compliant reporting and facilitate achieving over $30 million in annual collections
- Facilitate registration of over 200 new customers annually, resulting in a 10% increase each year
- Facilitate accurate posting of over 1,500 bank transactions per week, strengthening the financial data pool
- Utilize advanced Excel functions for data manipulation and clear data visualization to enhance decision-making.
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Updated general ledger with latest entries.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Completed year-end closing processes with controllers and external auditors.
- Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.
- Reduced errors in financial statements through stringent review procedures and regular reconciliation of accounts.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Improved cash flow management by closely monitoring receivables and implementing stricter credit policies.
- Reviewed budgets and communicated discrepancies to senior management.
Banking Trainee
People's Bank Sri Lanka, Sri Lanka
01.2008 - 07.2008
- Proficient in executing banking operations, including processing deposits, withdrawals, and currency exchange, while maintaining strict adherence to banking regulations and security protocols
- Skilled in cash handling procedures, encompassing accurate counting, verification, and reconciliation of cash transactions to ensure financial accuracy and integrity.
- Enhanced customer satisfaction by efficiently addressing and resolving banking inquiries.
- Streamlined account opening processes for faster turnaround times, leading to increased client acquisition.
Team Leader Systems and Operations
Diethelm Travel The Maldives, Maldives
01.2012 - 01.2019
- Develop and optimize resort service contracts and redistribution agreements to boost overall efficiency by 150%
- Led implementation and management of key databases (Travel Studio, Yalago, vipdlt, Canary, IBMS) and Increased company visibility and pricing efficiency by 50%.
- Supervised team members to confirm compliance with set procedures and quality requirements.
- Monitored team performance and provided constructive feedback to increase productivity and maintain quality standards.
Business Development Executive
ABS Information System (Pvt) Ltd, Sri Lanka
01.2012 - 01.2012
- Assess business requirements, document them, and allocate resources for project implementation
- Implement Tally Accounting Software based on business model requirements.
- Built strong relationships with clients, leading to increased customer satisfaction and repeat business.
- Increased client base by identifying and pursuing new business opportunities through market research and networking.
Education
MBA - Finance
Master of Business Finance
Kelaniya08.2024
BBA - Business Technology (Hons)
University of Kelaniya
02.2013
No Degree -
Institute of Chartered Accountants of Sri Lanka
Sri LankaSkills
- Financial Reporting and Analysis
- Credit Management
- Stakeholder Collaboration
- Accounting Software Proficiency
- General Ledger Management
- Bank Reconciliation
- Contract and Database Management
- Office 365
- SAP ERP
- Sage 300
- Tally
- Microsoft Dynamic
- Travel Studio
- Yalago (Dnata)
- Canary
- Team Leadership
- Decision-Making
Endorsements
- Innovation award 2017 by Hemas Holdings PLC, (Diethelm Travel The Maldives)
- 2018 Nominee Winner of LTAG Shark Tank Startup Business Pitch
- 2018 Outstanding Performer of the Year (DTTM)
Languages
English (Fluent)
Sinhala (Fluent)
Passion
- Dedicated Volunteer Auditor: Actively contribute to the internal audit function of a not-for-profit organization to ensure transparency and accountability in financial operations.
- Community Empowerment Advocate: Volunteer lecturer offering free financial and management sessions to university and postgrad students, aiding academic pursuits
- Continuous Self-Improvement: Engage in self-directed learning initiatives through online platforms, consistently expanding knowledge and expertise in finance and accountancy.
- Passionate Financial Market Participant: Stay passionate about finance, keeping up with market trends and opportunities, demonstrating dedication to understanding global finance dynamics.
Additional Education
- University of Kelaniya, Master of Business Finance, Reading for Research, 01/2022 - 12/2024
- Institute of Chartered Accountants of Sri Lanka, Chartered Accountant, Second in Order of Merit Prize - CA Case Study December 2022, 01/2023 - 12/2024
- CPA Australia, Associate, 01/2024
- Corporate Finance Institute Canada, Financial Modeling & Valuation Analyst (FMVA), Ongoing
References
Available upon request.
Certification
- CPA - Certified Public Accountant
- CA - Institute of Chartered Accountants of Sri Lanka
Timeline
Senior Accountant
Coca Cola Maldives (Male Aerated Water Co. Pvt Ltd)
01.2019 - Current
Team Leader Systems and Operations
Diethelm Travel The Maldives, Maldives
01.2012 - 01.2019
Business Development Executive
ABS Information System (Pvt) Ltd, Sri Lanka
01.2012 - 01.2012
Banking Trainee
People's Bank Sri Lanka, Sri Lanka
01.2008 - 07.2008
MBA - Finance
Master of Business Finance
BBA - Business Technology (Hons)
University of Kelaniya
No Degree -
Institute of Chartered Accountants of Sri Lanka