Accountant and Finance Executive

M.C. Mohamed Shamir (ACMA, CGMA)

I am a seasoned CIMA accountant with 4+ years of senior position in accounting and finance. I have an associate membership with CIMA – UK (ACMA, CGMA). I excelled at financial reporting with local GAAP and IFRS.My strengths also include interpreting business performance with management advice, investment advice and evaluating financing options,develop framework and best practices on financial planning and improve AP and AR management. Further, I am an expert in costing, varianceanalysis, and budgeting controls. I also can improve the existing financial reporting capacity and its accuracy, efficiency, and transparency and thereby help timely decision. In addition, I can explain financial results to non-financial background decision makers to ensure strong financial awareness across the business. Currently I am looking for a role that can complement my skills and experiences.

#21/R/31, Dabare Mawatha,

Narahenpita, Colombo - 05.

Mobile: 076*******

Email: ******.***@*****.***

KEY SKILLS:

Expert in financial reporting under IFRS

Expert in budgeting and control.

Expert in financial analysis

Expert in reconciliation and forensic account

Expert in Financial Modelling in Excel.

Expert in management account

Expert in business valuation

Expert in Business case study and consulting

EXPERIENCE/CAREER HISTORY

Employer: Union Steel Manufacturing (PVT) LTD,

Trincomalee

Position: Senior Accountant

Duration: From 04/08/2020 to present

Verify, improve and confirm the quality of financial reports and prepare them in compliance with local GAAP and applicable financial reporting estimates and policies, to ensure these reports provide relevant and faithful representation of financial performance.

Provide all necessary detailed support regularly as monthly, yearly and on demand, including balance sheet, statement of profit and loss, revenue forecasts, and cash-flow statements.

Reconcile financial discrepancies and perform forensic research of accounting issues for compliance with applicable reporting standards.

Check and verify monthly reconciliations on bank and cash, inventory, receivables and payables and investigate any discrepancies and take corrective actions to resolve them. Conduct month –end and year-end close processes to verify all entries have been created and posted.

Improve the existing reporting system and internal controls to enhance timeliness and accuracy. Implemented the controls using a cloud based accounting system. Enhanced the reporting accuracy of purchasing, fixed asset acquisition and staff lending activities.

Handle accounts receivable and accounts payable, verifying invoices, payment documents, purchase order, good received note and good dispatch note for accuracy and compliance. M.C. Mohamed Shamir (ACMA, CGMA)

Senior Accountant

Customer listing and age analysis and ensure terms of collection with receivables. Conducting supplier statement reconciliation and disbursement.

Develop framework and best practices for financial planning and forecast. Prepare capital budget and advised the management on fixed asset replacement cycle and financing method.

Formulate annual budget on a rolling 12-month basis and Implement budgetary controls and cash forecast.

Present manufacturing variance analysis interpretations and recommendations on a monthly basis.

Verify the procurement master file to ensure proper up to date maintenance of information on product category, specification, prices and approved suppliers.

Call for quotation for procurements and negotiate with the listed suppliers for any favorable terms for the company.

Formulate standard costs for raw material, labour, transport, and other production overheads with periodic updating to reflect the market change.

Product profitability and major customer’s profitability analysis and reporting. Employer: Carlines Holding PVT LTD

Rajagiriya

Position: Senior Accountant

Duration: From 11/01/2018 to 24/07/2020

• Prepared Tax return calculations.

• Prepared fundamental financial analysis on listed companies and investment assets.

• Produced monthly performance reports and profit and loss on all investment portfolios.

• Formulated and used appropriate valuation methods for assets.

• Evaluated the prospective investments on criteria such as expected return on investment, suitability to the portfolio and growth prospect of the investment.

• Forecasted and prepared annual budget and implement budgetary controls.

• Negotiated with banks for secured financing facilities on favorable terms. In addition, had arranged a margin-trading facility for equity.

• Analyze the market and informed the management on any management action triggers on the investments on a regular basis.

• Managed the account receivable and produced age listing reports.

• Performed business case study on private equities where the company has invested significantly. Example we had case studied the Suwasewana hospital at the end we had identified poor performing internal operations and areas where the resources could better utilised. After adopting the recommended process improvements, the hospital was able to cut down on the wastage and had recorded, a 30% MoM increase in profit for September 2019. Employer: AMANA BANK PLC, Head Office.

Colombo 03

Position: Executive-treasury

Dates: From 01/12/2014 to 30/06/2017

• Researched a top down in-depth sector to identify potential portfolio of companies in specific industry.

• Managed a healthy rapport with the companies’ management that under rigorous study. pg. 2

pg. 3

M.C. Mohamed Shamir (ACMA, CGMA)

Senior Accountant

• Networked with the sector specialists, economists, investors and the industrial think tanks to review market expectations.

• Technical analysis (Trend analysis, Candlestick, RSI and MACD) using Bloomberg, Direct FN and A Trade platforms.

• Analysis of financial statements including balance sheet, income statement, cash flow statement and notes to the accounts involving taxation policies, employee compensation schemes, inventory methods, inter-corporate investments etc.

• Assessing the quality of financial reporting for the purpose of detecting financial shenanigans and possible concerns regarding company solvency

• Estimating valuation inputs such as company beta, cost of debt, cost of equity, equity risk premium and cost of capital

• Building valuation models to arrive at company valuations. This involves understanding the historical performance of the company, forecasting future cash flows and discounting cash flows to arrive at a value per share.

• Prepared and organized quarterly investment presentations and use effective PowerPoint presentations to summarize portfolio performance KPIs to the investment committee that includes CEO, CFO, Head of trading and Head of Risks.

Employer: RR Donnelley Outsource (Private) Limited. Colombo 01

Position: Senior Financial Analyst.

Duration: From 02/05/2011 to 12/11/2014

• Lead a team of analysts and setting up internal controls mechanisms to ensure expected quality reports with double feedback control system. Volume and queue management and meeting the deadline. Presented education sessions on technical aspects such as XBRL best practices and US- GAAPs. Line by line financial statement analysis and identified key highlights.

• Managed platform change with process mapping and improvement suggestions for better ROI.

• Produce report on training needs, efficient staff mix and radical process improvements.

• Manage communication and timelines for assigned clients on multiple and/or concurrent projects.

• Projects KPI reporting to the onshore and off-shore team managers. EARLIER CAREER:

Accounts Assistant PC HOUSE PLC, Colombo -03 (From 07/06/2010 to 04/04/2011)

Audit Associate SJMS ASSOCIATES, Colombo -04 (From 03/08/2009 to 27/05/2010)

EDUCATION & MEMBERSHIPS

Member of Chartered Management Accountant (CIMA - UK). ACMA, CGMA. (in April 2017) ACCA – UK final level candidate.

M.C. Mohamed Shamir (ACMA, CGMA)

Senior Accountant

pg. 4

PERSONAL DATA :

Gender : Male

Nationality : Sri Lankan

Civil Status : Married

NIC :

Date of Birth :

812161970V

1981 – August – 03.

Interests : Public speaking, current affairs, tennis, and reading. NON-RELATED REFEREES

Mr. Priyanga Nanayakkara,

Consulting Manager,

(Work from home – Sri Lanka)

Eagle360 Consulting Pty Ltd,

Level 2, 345 Pacific Highway,

North Sydney, NSW 2060.

OFF T: +612********

M: +947********

Mr. Shazuli Raheem,

Customer relations manager,

Business banking department,

Amana Bank PLC,

480, Galle Road, Colombo 03.

M: +947********

I do hereby certify that particulars submitted by me in this application are true and accurate. 27th March 2022.

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