A highly motivated performance driven part qualified accountant (ACA) with more than eight years’ experience in top level business environments including 5 years in corporate accounting sector and 3.5 years in Auditing. Conversant in financial reporting, costing, budgeting and forecasting, taxation, bookkeeping, auditing and industry analysis. I am highly inspired by the opportunity to contribute to the success of a new office and bring my expertise in accounting and financial management to your team. My dedication to maintaining high standards of accuracy, compliance, and efficiency will be an asset to your organisation. Actively looking to excel as a financial or management accounting professional in a challenging environment with the potential to grow.
I am eager to contribute my skills and experience to support the financial health and strategic objectives of a dynamic organisation.
No specific awards mentioned in the provided text.
• Preparation of Monthly P & L, Balance sheet and Cash Flow Forecasting: In my role as a Financial and Management Accountant at Maldive Gas, I was responsible for preparing monthly profit and loss statements, balance sheet and forecasting
cash flow to provide a clear view of the company's financial health. I also conducted monthly variance analysis to compare forecasts with actuals, enabling the management to make informed decisions.
• Annual Budgets and Variance Analysis: I have successfully prepared annual budgets and performed monthly variance analysis to track financial performance against the budget. This involved detailed scrutiny of financial data and presenting actionable insights to senior management.
• Supervision of Financial Transaction Data Entry: My role required me to oversee the accurate entry of financial transactions, including sales, purchases, journal entries, and bank reconciliations. I ensured that all transactions were
documented appropriately and complied with internal controls.
• Tax Compliance: Prepare and file VAT, Income tax returns for individuals, businesses, and organisations while ensuring compliance with relevant tax laws and regulations.
• Fixed Asset Management and Inventory Reconciliations: I maintained the fixed asset register and conducted physical verification at regular intervals. Additionally, I prepared inventory reconciliations to ensure accurate between physical inventory and accounting records.
• Labour Cost Reconciliation: Managed and reconciled labour costs, including the preparation of payroll summaries and variance analysis to budgeted figures.
• Accounts Receivable Management: I regularly reviewed accounts receivable, ensured timely issuance of statements, and followed up on collections. My proactive approach helped in maintaining healthy cash flows and reducing overdue receives.
• Reconciliations and Payment Processing: Handling tank, customer, vendor, and intercompany reconciliations was a significant part of my role. I also managed payment processing through the bank portal, ensuring accuracy and timeliness.
• Liaison with External Auditors and Compliance: I coordinated audits, prepared audit schedules, and ensured compliance with statutory reporting requirements. My role involved liaising with external tax agents for annual returns and addressing any tax queries.
• Compliance: Ensure compliance with financial regulations and standards, such as International Financial Reporting standards (IFRS)
• Risk Assessment: Identify and assess risks to the organisation's objectives, including operational, financial, compliance, and strategic risks. This involves understanding the business environment, industry regulations, and internal policies.
• Audit Planning: Develop comprehensive audit plans based on the identified risks and priorities. Determine the scope, objectives, and methodologies for each audit engagement, considering factors such as materiality and audit resources.
• Audit Execution: Conduct audits in accordance with established audit plans and professional standards. This includes gathering and analysing relevant data, evaluating internal controls, testing transactions and processes, and documenting
audit evidence.
• Internal Controls Evaluation: Assess the design and effectiveness of internal controls over financial reporting, operations, and compliance with laws and regulations. Identify control weaknesses, deficiencies, or gaps and make recommendations for improvement.
• Compliance Review: Ensure compliance with relevant laws, regulations, and internal policies. Review business processes and transactions to verify adherence to legal and regulatory requirements and assess the effectiveness of compliance programs.
• Reporting and Communication: Prepare clear and concise audit reports summarising findings, conclusions, and recommendations. Communicate audit results to management, including highlighting areas of concern and proposing corrective actions to address identified issues.
• Follow-Up and Monitoring: Monitor the implementation of audit recommendations and corrective actions by management. Follow up on previous audit findings to ensure timely resolution and verify the effectiveness of remedial measures.
• Consultation and Advisory: Provide advisory services and guidance to management on internal control best practices, risk management, and process improvements. Offer insights and recommendations to enhance efficiency and effectiveness.
• Audit Planning: Develop an audit strategy and plan based on an understanding of the client's business, industry, and regulatory environment. Determine the scope, objectives, and timing of audit procedures, considering materiality and risk.
• Risk Assessment: Identify and assess risks of material misstatement in the financial statements due to fraud, errors, or other factors. Evaluate internal controls relevant to financial reporting and design audit procedures to address identified risks.
• Audit Procedures: Perform audit procedures to obtain sufficient and appropriate audit evidence supporting the financial statements' assertions. This involves testing transactions, balances, and disclosures through procedures such as inquiry, observation, inspection, and analytical review.
• Substantive Testing: Conduct substantive testing to corroborate the accuracy and completeness of account balances and transactions recorded in the financial statements. This may include detailed testing of account balances, substantive analytical procedures, and substantive tests of transactions.
• Audit Documentation: Prepare comprehensive audit documentation that provides a clear record of the audit procedures performed, evidence obtained, and conclusions reached. Documentation should support the audit opinion and comply with professional standards.
• Reporting: Issue an independent auditor's report expressing an opinion on whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework. The report should also communicate any significant findings or issues identified during the audit.
Other Special Assignments – Bookkeeper September 2013 – Mar 2014
Gomes & Company. (Chartered Accountants-Sri Lanka)
• Maintaining General Ledger accounts: Enter and categorise financial transactions & maintain general ledger accounts by reconciling balance sheet accounts, such as bank accounts, accounts receivable, and accounts payable. Ensure that
transactions are properly recorded and classified.
• Processing Accounts Payable: Manage accounts payable processes by recording invoices, verifying expenses, and preparing payments to suppliers and vendors. Monitor outstanding payables and ensure timely payments.
• Processing Accounts Receivable: Manage accounts receivable processes by issuing invoices to customers, recording
payments received, and following up on overdue accounts. Reconcile accounts receivable balances and discrepancies.