NILUKA SIVANADIUM
Surrey,BC
Summary
A results-driven Chartered Accountant with thirteen years of exceptional track record in financial reporting, Taxation, Auditing, and Financial Management, seeks a strategic role in a dynamic and challenging environment to use proven skills in a position that can significantly contribute towards achieving organizational objectives whilst reaching fullest potential.
Overview
13
13
years of professional experience
Work History
Assistant Controller (Contract)
Meta Lab Design Ltd
04.2024 - Current
- Preparation of accurate, efficient, and compliant completion of monthly/quarterly consolidated financial reporting packages.
- Reviewed contracts to identify the project milestones and calculated % of completion to ascertain the revenue to be recognized as per IFRS 15.
- Managed the annual budget, revised forecasts and reported the variances in detail as a part of monthly reporting.
- Analyzed and interpreted profit and loss statements to identify trends, variances, and opportunities for improvement.
- Oversaw and managed the month-end closing process, ensuring timely and accurate completion.
- Calculated salesperson commissions based on established parameters and disbursed payments.
- Prepared and filed tax returns (GST/PST) and generated monthly reports in compliance with regulatory and organizational standards.
- Reviewed and analyzed the the accuracy of foreign exchange gain/loss generated from projects,
- Created ad-hoc reports for upper management to support decision making during critical business periods.
- Documented processes related AR, Revenue, AP, month end closure etc.
- Inter-Company reconciliation and adjustments.
Financial Consultant (Contract)
Semios Technologies Inc
05.2023 - 06.2023
- Engaged in month end closing process and assisted preparation of monthly financial statements.
- Managed the Accounts Payable (AP) function- ensured vendor invoices are entered and processed the payments on time.
- Reconciled and corrected the differences between AP sub-ledger and GL.
- Performed tax reviews of the foreign vendor payments.
- Reviewed of credit card transactions and employee expense claims.
Senior Accountant (Contract)
Drax/Pinnacle Renewable Energy Inc.
02.2023 - 04.2023
- Reviewed and documented the existing consolidation financial statement preparation process.
- Reviewed and documented the process of identification and recording Intercompany and related party transactions.
- Recommendations to improve the current process of preparation of consolidated financial statements and reconciling intercompany transactions.
Senior Accountant (Contract)
Coast Appliances Limited
01.2023 - 02.2023
- Reviewed and prepared bank reconciliation statements for 03 months analyzing all complex and voluminous transactions such as credit card deposits (using Moneris reports), cash/check deposits, direct customer deposits, Flexiti deposits etc.
Finance Manager
Informatics International Ltd
11.2019 - 12.2022
- Accurate and timely preparation of a full set of financial statements covering trend analysis and current expectations to assist with key management decisions
- Created organizational structures to improve accounting and finance functions
- Consulted with representatives of regulatory agencies to complete accurate filings and uphold strict compliance
- Monitored project delivery milestones and recognition of deferred revenue based on the percentage of the performance obligation
- Monitored and reported the project cost overrun and actual profitability of the project against the estimated profit margin
- Effective cash flow management by following up with debtors and optimization of the Working Capital Cycle.
- Monitored budget, revenue, and variance in projects wise and brought to regular attention of the top management for corrective actions such as resource optimization
- Reviewed project contracts to ensure that all pertinent key financial aspects were covered.
- Reviewed project costing to determine the feasibility of the project and approval thereon.
- Analyzed the ROI of the new software development project with the estimated total cost to develop, including resource cost.
- Increased revenue by assisting with operations management, sales, and marketing efforts.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
Accountant
Sathosa Motors PLC
09.2017 - 10.2019
- Preparation of a full set of financial statements monthly, quarterly, and annually for regular management reporting as well as statutory compliance
- Reviewed accounting structures and procedures on a regular basis to identify areas in need of improvement
- Supervised and coordinated providing the information and explanation required by related statutory bodies such as SEC and IRD on a periodic basis and responsible for coordination with all statutory bodies on reporting as and when required
- Reviewed, planned, and successfully implemented the fully integrated ERP solution, IFS, and monitor the post-implementation reviews
- Set up and improved accounting systems and processes to meet business needs and maximize operational success
- Partnered with auditors on annual audits and realized compliance with governmental tax and SEC guidelines
- Maintained up-to-date knowledge of permits, certificates, and documents mandatory for government departments
- Performed advanced reviews of business operational trends and expected obligations to prepare accurate forecasts
- Identified and investigated variances in financial plans and forecasts
- Evaluated and improved the accuracy and completeness of financial records
- Reviewed and reported that all relevant internal controls are adhered to by Finance Division
- Gathered data on taxable income, deductibles, and allowances for tax preparation.
Accountant
American Premium Water Systems (Pvt) Ltd
01.2016 - 08.2017
- Gathered financial information, prepared documents, and closed books
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions
- Created budgets and forecasts for the management group to meet regular accounting deadlines
- Reconciled accounts and reviewed expense data, net worth, and assets
- Liaised with external auditors and tax consultants to finalize the statutory audit and tax filing
- Worked closely with cost Centre managers to understand costs and provided insightful commentary on drivers
- Prepared monthly variance analysis to highlight key areas of focus/concern.
Audit Supervisor
KPMG
06.2011 - 12.2015
- Conducted strategic and technical reviews to verify compliance with quality control standards, schedule constraints, and budget parameters
- Supervised and managed a team of audits to ensure smooth delivery of assurance and related services of the highest quality
- Analysis of the company's external and internal environment and identification of potential strategic business risks and financial statements implications together with the Directors and managers
- Reviewed the working papers and other special reports and provided guidance and feedback to audit teams on their performance
- Cultivated mutually beneficial relationships with clients and company financial officers to facilitate improved business operations
- Interacted with internal staff and clients to improve operational knowledge of relevant tax issues and business implications
- Prepared and reviewed the financial statements, auditors' reports to the members, and other reports in accordance with relevant standards and legislations, eg, Annual reports
- Prepared the management letters and other specific reports as requested by the client, discussion, and finalization of the same with client management
- Liaised and coordinated with client management in all instances in respect of audit, accounting, tax, and client service matters to ensure the effective accomplishment of tasks relating to assurance engagements.
Education
Institute of Chartered Accountants of Sri Lanka
Colombo06.2015
Skills
- Financial reporting, analysis and planning
- Variance Analysis
- Foreign Currency Transactions
- Account Reconciliation
- Audit preparation
- Taxation and tax planning
- Financial Forecasting
- Attention to Detail
- Analytical Thinking
- Management accounting
- Hands on experience in multiple ERP systems including implementation- IFS, MS D365, Netsuite
- Adaptable to Changing Conditions
Accomplishments
- Successful implementation of ERP system.
- Introduced month-end closing activity with a presentation on the company's financial overview, outlook, and long-term forecast, which was actively attended by other senior management members and resulted in taking key decisions.
Timeline
Assistant Controller (Contract)
Meta Lab Design Ltd
04.2024 - Current
Financial Consultant (Contract)
Semios Technologies Inc
05.2023 - 06.2023
Senior Accountant (Contract)
Drax/Pinnacle Renewable Energy Inc.
02.2023 - 04.2023
Senior Accountant (Contract)
Coast Appliances Limited
01.2023 - 02.2023
Finance Manager
Informatics International Ltd
11.2019 - 12.2022
Accountant
Sathosa Motors PLC
09.2017 - 10.2019
Accountant
American Premium Water Systems (Pvt) Ltd
01.2016 - 08.2017
Audit Supervisor
KPMG
06.2011 - 12.2015
Institute of Chartered Accountants of Sri Lanka
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