Profile Summary Skill Set (pls. rate)
A highly accomplished professional with more than two decades of unique and rich experience in implementing financial procedures, maintenance & finalization of accounts as per statutory requirements and liaising with tax authorities to address taxation matters, auditing & MIS Recognized proficiency in formulating budgets, implementing systems/procedures, preparing key reports to exercise financial control and enhancing overall efficiency of the organization
Rich experience in managing finance & accounts activities encompassing finalization of accounts, tax planning & settlement of payments in coordination with all vendors / stakeholders (internal & external) Efficient in steering overall accounting operations and audit for the braches including collections, purchase, contract compliance, receivables, deposits, payroll, fixed assets
Notable success in directing a broad range of cost saving initiatives while participating in planning, analysis and implementation of tools and metrics A strategist & implementer with recognized proficiency in spearheading various departments and assisting in marketing and auction activities Finance & Accounts
Variance Analysis
Budgeting & Forecasting
Costing
MIS Reporting
Marketing & Auctions
Taxation
Regulatory Compliance
Cost Control
Education
MBA from Cardiff University, Wales, U.K. in May 2015. Post graduate Diploma in Accounting and Finance from University of Peradeniya, Sri Lanka in 2010.
Diploma and Advanced Diploma in Business Administration from Association of Business Executives, United Kingdom in 2006.
Higher National Diploma in Accountancy from Ceylon Technical College, Sri Lanka in 1991.
Career Timeline
Herath Mudiyanselage Parakrama Bandara Herath
A dedicated analyst with expertise in strengthening companies to lead in highly competitive situations, aiming senior level assignments in Finance & Accounts with an organization of high repute
Institute of
Fundamental Studies
as Book-keeper cum
Cashier
Project of
Mahaweli River
Development Areas
as Accounts and
Administrative
Assistant
Japan Plastic
production Company
as Accounts and Cost
Analyser
Oct’98 - Jun’00
MM’92 - MM’98
MM’89 - MM’91
Since Jul’00
State Timber
Corporation
Work Experience
Since Jul’00 with State Timber Corporation, Batteramulla Sri Lanka . Growth Path:
Jul’00 – Jun’09 as Assistant Accountant
Jul’09 – Aug’13 as Accountant
Sep’13-Jan22as Senior Accountant
Feb’22-Nov’ as Finance Manager
Nov’22-Jan’23 as Purchasing & Shipping Manager
Current status Retired.
Key Result Areas:
Supervising the finance and accounts functions of the regional sales centers including finalization of accounts, managing taxation (Direct / Indirect Tax) matters, liaising with Statutory / Internal Auditors, and so on Managing certification all payments vouchers of regional production units, sales centers and regional office along with sawmill costing and factory costing
Analyzing sawmill and furniture factory input/output production, regional financial data ratio and providing suggestions for cost control and profit maximization
Developing regional management reports, participating in timber marketing activities & auctions Facilitating in price fixation, product & costing mix through key costing inputs along with implementing cost control measures for meeting cost saving goals
Preparing, examining & analyzing complex accounting records, financial statements, and financial reports for ensuring accuracy & conformance to reporting and procedural standards Monitoring cash flows and ensuring that funds are arranged in the most cost effective manner after projecting accurate cash forecast ensuring that there is no shortage of cash flow management Presenting a true & fair view of the financial position of the company by preparing financial statements & drafting annual accounts for group companies (Balance sheet, Profit and Loss Statement, Fund Management, Production, Sales) Forecasting sales based on market scenario accordingly preparation of revenue budget Identifying the reasons of variances & reporting to top management about project progress Supervising operations of the Accounts Receivable (AR) section with focus on ensuring efficient processing (payment allocation, reconciliation and month-end reporting) of company receivables Interfacing with subordinates, sales personnel, cheque collection agencies and partner bank personnel for ensuring compliance with established practices as well as drive the implementation of new policies Planning and executing monthly / quarterly / annual closure schedules; providing monthly financial statements; administering the monthly closing process
Working with the Finance Controller in the preparation of annual budgets, monthly forecasts, and strategic plans Steering the taxation matters of the company such as filing of VAT, Sales Tax, Excise Tax Returns, Service Tax while adhering to regulatory norms
Highlights:
Planned and executed monthly / quarterly / annual closure schedules; provided monthly financial statements; administered the monthly closing process
Reviewed financial results; undertook year-on-year and quarterly comparison of company performance both in terms of the top line and bottom line
Investigated, and corrected errors and inconsistencies in financial entries and documents that led to transparency in reporting to internal and external stakeholders
Automated the preparation of o9 reports using (Excel) that had previously required 20 hours of effort per week Implemented cash controls to monitor cash flow, resulting in improved cash utilization and interest spread Coordinated and followed-up with customers and sales teams for the collection of overdue/long outstanding accounts Reconciled around 63 vendor accounts within 03 months which were pending for over 02 years; recovered approximately in Rs: 6.3 Million from vendors
Oct’98 - Jun’00 with Foreign funded Project of Mahaweli River Development(Under Mahaweli Development Authority Sri Lanka)
[North central Province]
as Accounts & Administrative Assistant
(Maintained project ledgers and recording in financial accounts along with preparation of monthly income and expenditure statements for donor agencies)
MM’92 - MM’98 with Japan Plastic production Company, Tokyo Japan as Accounts and Cost Analyzer
(Prepared weekly and monthly cost reports, variances calculation and analytical reports for relevant units. Managed working progress stock and other related cost accounting and financial accounts work) MM’89 - MM’91 with Institute of Fundamental Studies, Kandy, Sri Lanka as Book-keeper cum Cashier
(Conducted book-keeping and accounts work, prepared trail balance, cash flows, maintained foreign funded project ledgers, managed cash and bank deposits)
Certification
Management Accountant Certified Management Accountant in 2011 IT Skills
Exposure in Microsoft Excel, Word and computer based accounting packages (ACC PAC) Timber grading species wise, Ability of species identification. Professional Affiliation
Fulltime member of Association of Business Executives, United Kingdom Member of Association of Professional Managers Association Sri Lanka. Personal Details
Date of Birth:1stMay 1965
Languages Known: English,Tamil and Japanese
Address: 132/5, DharmashokaMawatha, Lewella, Kandy. Sri Lanka – 20000 Mobile No: 947********