Kumuditha Aparakka
Dubai,United Arab Emirates
Summary
Experienced Finance Management Professional with a proven track record in optimizing financial Management within the financial services industry. Demonstrated expertise in funds management, liquidity optimization, debt management, investment strategies, and regulatory compliance. Strong analytical skills combined with a strategic mindset to drive effective financial decision-making. Excellent leadership and communication abilities to build and maintain relationships with stakeholders and regulatory bodies.
Overview
16
16
years of professional experience
8
8
years of post-secondary education
Work history
Senior Manager Treasury
Sarvodaya Development Finance PLC
Colombo, Sri Lanka
2022.06 - 2023.10
- Manage day-to-day Treasury operations and Cash Management functions to ensure the sufficient cash and funding available to set objectives are being met
- Identify and assess financial risks, including interest rate risk, foreign exchange risk, and commodity price risk
- Managing borrowing facilities, including interest payments and principal repayments and compliance with loan covenants
- Continuously assess and enhance treasury processes and systems to increase efficiency and accuracy
- Managing cash and liquidity through effective cash flow planning and forecasting to ensure the availability of liquidity for smooth operations in the company
- Liquidity management: assessing requirements, ensuring sufficient cash, or borrowing facilities
- Risk management: identifying, analysing, and mitigating against financial risks, assisting in, or leading risk management activities
- Executed corporate investments in line with company requirements and Central Bank of Sri Lanka (CBSL) guidelines
- Optimize company funds to maximize yields, managed statutory liquidity funds, and invest excess funds within risk limits
- Planning fund requirements and negotiated with banks and financial institutions for raising funds
- Develop and optimize liquidity risk management policy and process and various policies including Treasury Policy, Asset Liability Management Policy, Borrowing Policy, Liquidity Management Policy, and Investment Policy
- Hold Asset Liability Management Committee (ALCO) meeting and report to the Board Integrated Risk Management Committee on the status
- Stay up-to-date with financial regulations and industry best practices
- Overseeing Deposits mobilization operations of the company by guiding branch employees and keep relationships with the major customers
Manager Treasury
LB Finance PLC
Colombo, Sri Lanka
2012.05 - 2022.06
- Monitor the funds management in an optimized way, maintaining the required liquidity position of the company
- Effectively manage the short-term and long-term borrowing portfolio, ensuring timely repayment and adherence to loan covenants
- Forecast daily cash requirements and ensure the availability of funding sources at minimum cost
- Execute corporate investments to optimize funds based on the company's requirements and guidelines from the Central Bank of Sri Lanka
- Manage relationship with Local Banks to attract new loans and credit facilities, smooth run of banking services and optimize the investments
- Manage relationship with Foreign funding agencies to attract foreign currency funds to the company
- Manage the company's foreign currency exposure and take appropriate actions to mitigate interest rate risk, liquidity risk, and forex risk by implementing FX exposure Hedging
- Prepare and implement various policies including Treasury Policy, Asset Liability Management Policy, Borrowing Policy, Liquidity Management Policy, and Investment Policy
Audit Executive
BDO International
Colombo
2011.01 - 2012.05
- Conduct financial audits for various clients in accordance with auditing standards
- Assisted in the preparation of financial statements and audit reports
- Analyzed financial data and identified areas of improvement in internal controls
- Participated in audit planning, risk assessment, and testing procedures.
Trainee Banker
People's Bank, Bandarawela
2008.01 - 2008.06
- Gained practical experience in banking operations and customer service
- Assisted in various banking activities, including account management and transactions.
Education
MBA - Business Administration
PIM- University of Sri Jayewardenepura
Colombo, Sri Lanka 2017.01 - 2018.12
Bachelor of Commerce (Special) - Commerce and Financial Management
University of Kelaniya Sri Lanka
Colombo, Sri Lanka 2008.07 - 2013.03
Strategic Level (Finals) - Chartered Accountancy
Institute of Chartered Accountants of Sri Lanka
2010.03 -
Diploma - Treasury and Risk Management
Institute of Bankers Sri Lanka
2022.01 - 2022.12
Diploma - International Relations
Bandaranayke Centre for International Studies
Colombo, Sri Lanka 2012.01 - 2012.12
Certificates - Treasury operations and risk management, Forex Risk Management, Anti money laundering
Institute of Banking Studies
Colombo, Sri LankaSkills
- Finance Management
- Investments Advisory
- Liquidity Management
- Portfolio Management
- Communication Skills
- Customer Handling
- Forecasting Financials
- Financial Risk Management
- Regulatory Compliance
- Team Management
- Analytical Skills
- Bank operations
- Finance & Accounting
- Relationship Management
- Proficiency in Microsoft Office
- Policy development
- Process improvement strategies
- Profit and loss analysis
Additional Information
- Passport : N9587998
- Visa Status : Visit Visa
Languages
English
Fluent
Sinhala
Native
Accomplishments
- Achieved 4 consecutive Sector Gold Awards in Annual Report (LB Finance PLC) competition of CA Sri Lanka through effectively helping team with reparation of Annual Reports.
- Documented and resolved Treasury and other Company Policies which led to streamline the process (Sarvodaya Development Finance PLC)
- Achieved implementing by Treasury Management Software for treasury related tasks.(LB Finance PLC -2019)
- Supervised and headed team of Deposits staff members to achieve 37% increase in Fixed Deposits portfolio of the company within 1 year.(Sarvodaya Development Finance PLC -2023)
- Collaborated with team of CSR in the development of Sustainable business. (LB Finance PLC)
- Achieved Distinguish Toast Master by completing Toast Masters Club competitions (LB Finance PLC -2017)
Timeline
Senior Manager Treasury
Sarvodaya Development Finance PLC
2022.06 - 2023.10
Diploma - Treasury and Risk Management
Institute of Bankers Sri Lanka
2022.01 - 2022.12
MBA - Business Administration
PIM- University of Sri Jayewardenepura
2017.01 - 2018.12
Manager Treasury
LB Finance PLC
2012.05 - 2022.06
Diploma - International Relations
Bandaranayke Centre for International Studies
2012.01 - 2012.12
Audit Executive
BDO International
2011.01 - 2012.05
Strategic Level (Finals) - Chartered Accountancy
Institute of Chartered Accountants of Sri Lanka
2010.03 -
Bachelor of Commerce (Special) - Commerce and Financial Management
University of Kelaniya Sri Lanka
2008.07 - 2013.03
Trainee Banker
People's Bank, Bandarawela
2008.01 - 2008.06
Certificates - Treasury operations and risk management, Forex Risk Management, Anti money laundering
Institute of Banking Studies