Samith Herath
Dubai
Summary
Highly experienced accountant with 12 years of diverse industry exposure in financial and management accounting, as well as general management. Skilled in financial reporting. Budgeting, cost analysis, auditing and internal controls. Proficient in implementing accounting systems and leveraging technology for accuracy and efficiency. Known for analytical mindset, attention to detail, and clear communication of complex financial information. Adaptable to changing business landscapes and adept at driving operational efficiencies. Proven track record of delivering results and contributing to organizational success. Offering solid grasp of accounting fundamentals and strong desire to learn and grow in professional environment. Brings keen ability to understand financial data and ensure accuracy and compliance. Ready to use and develop analytical and problem-solving skills in Senior Accountant/ Finance Manager role.
Overview
15
15
years of professional experience
1
1
Certification
Work History
Senior Accountant
The Thought Factory DMCC
Dubai, United Arab Emirates
07.2023 - Current
- Preparing comprehensive financial statements in accordance with International Financial Reporting Standards (IFRS) following meticulous accounting processes
- Processing the company's payroll in a timely manner by coordinating with different department heads, team leaders and HR to ensure that the staff is duly paid
- Proficient in calculating and filing VAT payments through the EMARATAX Portal, and experienced in registering companies for corporate tax in the same portal
- Maintain, analyze and reconciliation of accounts receivable data to make reports for management
- Introduced new methods to forecast and analyze sales quality and employee performance to identify potential claw backs and risks
- Responsible for preparing quotations for clients and invoicing
- Update and transform information from raw data into an easily understood analysis that identifies trends and actionable insights
- Petty cash handling and end of service benefits calculation
- Analyzing and making reports based on the data given by du (Channel Partner Reports)
- Played an important role in setting up new business venture (du telecom prepaid sim kiosks) including documentation, compliance, TDRA, NOC etc
- Coordinated with external auditors for annual audits, ensuring timely document submission and smooth audit process
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Updated general ledger with latest entries.
- 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.
- Maintained accurate depreciation schedules for fixed assets, coordinating with asset managers for timely recording of acquisitions or disposals.
- Improved cash flow management by implementing stricter credit policies.
- Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
- Successfully managed multiple high-stakes projects concurrently, consistently meeting deadlines while maintaining exceptional attention to detail and quality control.
- Established strong relationships with vendors to negotiate favorable payment terms that improved working capital management.
- Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.
- Coordinated with various departments to gather financial data, ensuring accurate representation of each business unit''s performance.
Operations Manager - Finance
TG Water Technologies (Pvt) Ltd
Colombo, Sri Lanka
12.2021 - 06.2023
- Led the finance department of a fast-growing water technology company, overseeing all financial operations and strategic planning
- Developed and implemented financial policies and procedures to ensure compliance with regulatory standards
- Prepared financial forecasts and budgets, providing insights into the company's financial performance and growth potential
- Analyzed and interpreted financial data to support business decisions and drive profitability
- Managed a team of finance professionals, providing guidance and mentoring to support their professional growth
- Responsible for reviewing monthly financial together with budgets and KPIs and making strategies for the variances
- The selling and distribution costs and administration costs were reduced by 3% - 5% by implementing cost reduction strategies
- Supervised operations staff and kept employees compliant with company policies and procedures.
- Empowered employees to take ownership of their responsibilities, leading to increased accountability and improved performance outcomes.
- Recruited, hired, and trained initial personnel, working to establish key internal functions and outline scope of positions for new organization.
- Cultivated and strengthened lasting client relationships using strong issue resolution and dynamic communication skills.
Accountant
Aluvihare Farm (Pvt) Ltd
Matale, Sri Lanka
10.2019 - 12.2021
- Preparation of consolidated monthly financial for four business units of the company such as a Hotel, Animal husbandry, Organic Farm and Meat Processing Factory
- Managed a yearly cash flow of Rs
- 5 Million throughout all four business units, and held the responsibility for budgetary control over the organization
- Carried out product costings by analyzing cost elements of the meat processing plant to determine the market price of products
- Carried out payroll activities of 50-75 staff members of the company
- Prepared financial statements and management reports to provide insights into the company's financial performance
- Implemented a new accounting system, streamlining processes and enhancing data accuracy
- Provided guidance and support to the finance team, fostering a culture of continuous learning and development
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks.
- Enhanced financial decision-making capabilities by providing timely, accurate information to management through regular performance reports.
- Optimized cash flow management, ensuring adequate liquidity for operational needs without compromising investment opportunities.
- Achieved compliance with all tax regulations by staying updated on changes and conducting thorough reviews of financial operations.
Accountant
ADK Company Ltd
Male, Maldives
07.2017 - 06.2019
- Directed the accounting function for a leading FMCG company, overseeing financial operations for multiple properties
- Prepared and reviewed monthly financial reports, analyzing variances and identifying areas for improvement
- Managed the budgeting and forecasting process, providing accurate financial projections for decision-making
- Coordinated with external auditors during the year-end audit and ensured compliance with regulatory requirements
- Streamlined accounts payable and receivable processes, reducing payment delays and improving cash flow management
- Analyzed cost of inventories and introduced cost saving initiatives to reduce cost
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
Accountant
Al Mohsen Engineering Company
Doha, Qatar
08.2015 - 07.2017
- Managed all aspects of financial accounting and reporting for an engineering company
- Oversaw the preparation of financial statements in accordance with international accounting standards
- Conducted financial analysis to monitor project profitability and identify cost-saving opportunities
- Collaborated with project managers to ensure accurate cost allocation and revenue recognition
- Implemented internal controls to safeguard company assets and mitigate financial risks
- Coordinated with Banks regarding LCs, Bank Guarantees and other facilities
Management Trainee
Royal Fernwood Porcelain Ltd
01.2014 - 01.2015
Account Assistant
Orel Corporation Ltd
01.2013 - 01.2014
Audit Trainee
Susantha Senanayake & Company
01.2010 - 01.2012
Education
Master of Business & Administration -
University of Peradeniya
01.2022
Bsc - Accounting & Finance
Rajarata University of Sri Lanka
01.2013
Certification
- 2022, Membership - ACPM
- 2011, Certificate in Accounting & Business - Chartered Accountants - Sri Lanka
- 2011, Diploma in Human Resource Management - ICBT Campus - Sri Lanka
- 2024, Associate Membership - IFA - Institute of Financial Accountants - United Kingdom
- 2024, Associate Membership - IPA - Institute of Public Accountants - Australia
- 2024, Certified Public Accountant - CPA - Certified Public Accountants Association - United Kingdom
Languages
English
Hindi
Tamil
Internship
- Management Trainee, Royal Fernwood Porcelain Ltd, Colombo, Sri Lanka, 01/2014, 12/2015
- Account Assistant, Orel Corporation Ltd, Colombo, Sri Lanka, 01/2013, 12/2014
- Audit Trainee, Susantha Senanayake & Company, Colombo, Sri Lanka, 01/2010, 12/2012
Civilstatus
Married
Socialmedia
https://www.linkedin.com/in/samith-menaka-dissanayake/
Personal Information
Nationality: Sri Lankan
Visa Status: Work Visa
Timeline
Senior Accountant
The Thought Factory DMCC
07.2023 - Current
Operations Manager - Finance
TG Water Technologies (Pvt) Ltd
12.2021 - 06.2023
Accountant
Aluvihare Farm (Pvt) Ltd
10.2019 - 12.2021
Accountant
ADK Company Ltd
07.2017 - 06.2019
Accountant
Al Mohsen Engineering Company
08.2015 - 07.2017
Management Trainee
Royal Fernwood Porcelain Ltd
01.2014 - 01.2015
Account Assistant
Orel Corporation Ltd
01.2013 - 01.2014
Audit Trainee
Susantha Senanayake & Company
01.2010 - 01.2012
Master of Business & Administration -
University of Peradeniya
Bsc - Accounting & Finance
Rajarata University of Sri Lanka