Lasantha Madushanka

Experience

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  ATC Corporate

  Jan 2015 - Dec 2016

  Audit Assistant

  At ATC Corporate, a chartered accountancy firm serving small and medium-sized businesses (SMEs) in Sri Lanka, I honed my skills as an Audit Assistant. The firm offers a comprehensive suite of services, including accounting, auditing, tax, and financial consulting. During my tenure, I gained valuable experience working across diverse industries such as trading, manufacturing, and service organizations. Through my contributions, I helped ensure the financial well-being and regulatory compliance of our SME clients.Key Responsibilities:- Maintained accurate financial records by performing bookkeeping and finalizing month-end accounts, ensuring timely preparation of insightful management reports.- Conducted statutory audits to ensure compliance with accounting and auditing standards, resulting in reliable annual financial statements.- Calculated personal and corporate taxes, ensuring accurate and timely filing for clients.- Provided comprehensive company secretarial services, supporting clients with efficient corporate governance. Show less

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  KPMG Sri Lanka

  Jan 2017 - Dec 2019

  Audit Associate 2

  Thrived as an Audit Associate at KPMG Sri Lanka, collaborating effectively with teams across Colombo and Male branches to consistently deliver high-quality audits on time. Leveraged analytical and problem-solving skills during numerous audits in diverse industries like Manufacturing, Hospitality, Trading, Investment, Service, and NGO.Key Responsibilities:- Conducted statutory audits in accordance with auditing standards and relevant legislation, ensuring adherence to regulatory requirements.- Prepared and reviewed financial statements to ensure compliance with financial reporting standards promoting financial transparency.- Identified and assessed key business risks for clients, providing insightful recommendations for risk mitigation and improved controls.- Analyzed and interpreted financial data to identify trends, anomalies, and potential misstatements, utilizing audit software for enhanced efficiency.- Maintained a strong understanding of current IFRSs, SLFRSs, ISAs, SLAuSs and local regulations through ongoing professional development.- Provided additional non-assurance services, offering clients comprehensive support beyond core audit procedures. - Effectively managed a team of associates by providing clear guidance, fostering collaboration, and achieving deadlines consistently. - Maintained positive client relationships through effective communication and coordination, ensuring smooth engagement execution. Show less

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  Jetwing Hotels

  Jan 2020 - Jun 2020

  Assistant Accountant

  Jetwing Lighthouse (The Lighthouse Hotel PLC)Steered financial operations as an Assistant Accountant at Jetwing Lighthouse, a prestigious Sri Lankan hotel under Jetwing Hotels Group, the nation's leading hospitality chain. Leveraging my expertise in financial reporting and analysis, I meticulously managed financial tasks for their impressive 85-room property and two additional properties under The Lighthouse Hotel PLC umbrella: Hotel J Unawatuna and Jetwing Kurulubedda. Throughout my tenure, I ensured accurate and timely financial reporting across all three locations, empowering informed decision-making for top management.Key Responsibilities:- Empowered a 16-member finance team through mentorship and guidance, fostering their professional development and ensuring the achievement of both individual and departmental objectives.- Delivered accurate and timely financial reports, including monthly management accounts, quarterly and annual consolidated financial statements.- Spearheaded inventory management and reporting across the entire hotel, optimizing operations and guaranteeing seamless functioning for all departments. - Streamlined payroll processing for staff salaries and service charges, while maintaining the strictest confidentiality. - Ensured regulatory compliance by preparing and timely submitting EPF, ETF, VAT, ESC & TDL returns.Facilitated a smooth and efficient audit process by serving as a liaison between internal and external auditors. - Leveraged financial data to develop annual budgets and forecasts, supporting informed financial planning and strategic decision-making. - Generated customized reports tailored to specific management needs, providing valuable insights and enabling data-driven decision-making. Show less

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  Resus Energy PLC

  Nov 2020 - Apr 2022

  Assistant Accountant

  At Resus Energy Group, a leading Sri Lankan renewable energy company, I excelled as an Assistant Accountant, streamlining financial reporting and ensuring its accuracy and efficiency. I independently managed the preparation of complex monthly, quarterly, and annual financial statements, enabling informed decision-making by management and shareholders. By implementing robust internal controls and streamlining the month-end closing process, I reduced reporting turnaround time by 25%, allowing top management to make data-driven decisions more quickly.Key Responsibilities:- Prepared accurate and timely monthly management and consolidated financial statements for quarterly and annual reports, ensuring efficient month-end closing processes and providing a comprehensive financial picture for stakeholders.- Developed and finalized the annual report, ensuring clarity and adherence to regulatory standards.- Implemented robust internal controls and streamlined financial reporting processes, enhancing accuracy and efficiency.- Facilitated smooth audits through effective communication and collaboration with internal and external auditors.- Developed and maintained budgets and forecasts, supporting informed financial planning.- Calculated and filed corporate and other tax liabilities with precision, ensuring tax compliance.- Streamlined ad-hoc report generation to meet management's specific needs, facilitating data-driven decision-making.Achievements:- Won the Silver Award in the Power and Energy sector at the CA Sri Lanka Annual Report Awards 2021 and Runners-Up under the SME category at the ACCA Sri Lanka Sustainability Reporting Awards 2021.- Successfully developed an automated daily brief report for management's daily decision-making using Microsoft Power Automate and Microsoft Excel tools. Show less

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  Almarai - المراعي

  May 2022 - Apr 2023

  Accountant

  BDC International LLC (A subsidiary of Almarai)As an Accountant at BDC International LLC, a subsidiary of Almarai established for shared service management, I spearheaded the accurate and timely reporting of financial assets. I leveraged my extensive accounting experience and expertise in SAP S/4HANA software to manage general accounting activities and specialized in fixed asset reporting. I was responsible for reporting on a massive fixed asset portfolio valued at 21 Billion Saudi Riyal (approximately USD 5.6 Billion). This experience allowed me to contribute significantly to the company's continued success in financial reporting.Key Responsibilities:- Owned the accuracy and timeliness of fixed asset reporting, including biological and RoU assets, which comprised a significant portion (65%) of the company's balance sheet.- Delivered high-quality fixed asset data to management, internal departments, and auditors, ensuring informed decision-making and accurate financial statements. - Streamlined fixed asset reporting processes by implementing automation, improving efficiency and adding value through faster and more reliable reporting. - Provided comprehensive support for other general accounting activities, including month-end closing, chart of accounts maintenance, journal entry processing, and balance sheet reconciliation, ensuring the integrity of the company's financial records. Achievements:- Efficiently migrated fixed asset processes from the prior outsourcing provider, Capgemini, to BDC International within two months.- Played a key role in establishing Almarai as the first company to consistently upload audited financial statements to Tadawul (Saudi Arabian Stock Exchange) throughout my tenure, ensuring timely and transparent financial reporting. Show less

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  Alter Domus

  May 2023 - now

  Corporate Services Senior Officer

  At Alter Domus I Leverage my expertise in corporate services to support private equity and real estate firms in Luxembourg. I guide a portfolio of 50 entities in achieving their objectives through customized solutions and streamlined processes, eliminating the need for multiple third-party service providers. As the Corporate Services Senior Officer, I Build strong client relationships and provide efficient, comprehensive accounting and financial reporting support, ensuring client success.Key Responsibilities:- Manage a portfolio of 50 clients, ensuring accurate and timely financial reporting (e.g., management accounts, annual financial statements).- Prepare and review tax and VAT returns, liaise with auditors, and assist with regulatory reporting.- Support transaction activities such as set-ups, liquidations, and acquisitions.- Supervise and mentor junior accountants, fostering their professional development.Achievements:- Successfully onboarded two new client groups (40 entities) from Luxembourg, increasing team profitability by around 2.5%. Show less