Prabath Morawakage

Prabath Morawakage

Audit Executive

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  • Timeline

  • About me

    Head of Research, Lecturer and Award Winning Researcher

  • Education

    • University of Colombo

      2012 - 2015
      Master of Business Administration - MBA Finance
    • University of Kelania

      2005 - 2009
      B.B. Mgt (Finance) Special 1st class Honours
    • Bandaranayake College Gampaha

      1996 - 2004
      A/L 2004 Commerce
    • Pitiyegedara Primary School

      1991 - 1995
      Primary Education Sri Lankan Local Syllabus Passed Competitive Scholarship Examination
    • Griffith University

      2019 - 2023
      Doctor of Philosophy - PhD Real Estate Finance and Economics High Distinction

      Activities and Societies: Implications of Basal III on the housing market in Australia Community Housing Industry Regulations review American Real Estate and Urban Economics Association Pacific Rim Real Estate Society Cities Research Institute Affordable and Social Housing Cluster, Griffith University According to the Annual Demographia International Housing Affordability Survey-2020, the Australian housing market is severely unaffordable. Australia forecasts demand for one million social and affordable dwellings by 2036. The social housing sector in Australia struggles to finance private investments to meet the rising demand for affordable houses. Increasing responsible investors are an excellent source of finance for the affordable housing sector. However, housing associations and relevant… Show more According to the Annual Demographia International Housing Affordability Survey-2020, the Australian housing market is severely unaffordable. Australia forecasts demand for one million social and affordable dwellings by 2036. The social housing sector in Australia struggles to finance private investments to meet the rising demand for affordable houses. Increasing responsible investors are an excellent source of finance for the affordable housing sector. However, housing associations and relevant government institutions have not paid sufficient attention to responsible investors as a source of housing finance. Responsible investors consider the environmental, social, and governance (ESG) performances in their investment process. Therefore, I evaluated the Australian social housing sector’s ability to attract responsible investors. Show less

  • Experience

    • Abans Pvt Ltd

      Apr 2008 - Nov 2009
      Audit Executive

      • Prepared, examined, and analysed accounting records, reconciliations, intercompany financial statements monthly, quarterly, and yearly.• Assessed accuracy, completeness, and conformance to reporting and procedural standards.• Provided timely financial and audit information for the group audit committee to be presented at board meetings.• Closely monitored customers' bank guarantees against their utilised credit limits, post-dated cheque collections and deposits, and properly maintained updated accounting records.• Regularly followed up on and reviewed customer outstanding payments and maintained an accurate credit policy. • Conducted industry analysis and identified the company's competitive position.• Identified cash flow problems within profit-making business units (For example, obsolete stocks inflated profits but caused low cash flow).• Analysed financial ratios and provided insights for senior management's decision-making.• Analysed the systems of various departments, including inventory, costing, and retail accounting, and suggested strategies to optimise processes and internal controls.• Evaluated product item margins and provided suggestions to improve revenue. Show less

    • Local Technical Secretariate office, Sri Lanka-World Bank Project (IRQUE)

      Feb 2010 - Aug 2010
      Account Assistant

      • Prepared monthly and year-end accounts.• Monitored the procurement process and negotiated to complete the acquisition of fixed assets under the project.• Prepared and reported annual financial budgets by collaborating with all relevant departments.

    • University of Kelaniya

      May 2010 - May 2017

      Teaching, Student Development, Research

      • Lecturer

        May 2012 - May 2017
      • Assistant Lecturer

        May 2010 - May 2012
    • Northwood University

      Jan 2016 - Dec 2018
      Visiting Lecturer

      Conducted face to face lecturers on Real Estate Finance and Analysis, Capital Markets and Analysis, International Finance, and Corporate Investment Decisions. Received Excellent category feedback from students.Marked assessment items, and provided students with constructive feedback.

    • University of Kelaniya Sri Lanka

      May 2017 - Jan 2024
      Senior Lecturer

      Delivered high-quality teaching and learning experiences inCorporate Finance, Real Estate Finance and Analysis, StrategicFinancial Management, and Monetary Economics subjects withcontinuous positive student feedback.Published six (6) journal articles in peer-reviewed journals.Participated in the moderation/peer assessment process andassisted in invigilating subject examinations.Supervised Honours and Master’s students’ theses and published inpeer-reviewed journals with them.Developed curriculum and pedagogical approaches for finance andrelated subjects.Involved in the self-evaluation and quality assurance (SEQA) processof the department and obtained an "A" grade.Acted as a member of the Academic Advisory Board (2017/2018).Conducted face to face lectures, set papers and evaluated thestudents at American National College, Sri Lanka on behalf ofNorthwood University USA as a visiting lecturer.Provided external services for the Institute of CharteredAccountants, Sri Lanka, to map the professional courses with the SriLanka Qualification Framework and set the evaluation guide forcurriculum consultant selection. Show less

    • Griffith University

      Jul 2019 - now

      Provide weekly face-to-face tutorials and one-on-one consultations on Real Estate Finance, Strata Communities and Management, Corporate Finance, Development Finance, and Investment Analysis and Management.Communicate with the students about the progress of the course.Clarify student understanding of course content and answer inquiries.Work with the course convener to develop learning materials and upload them to the learning management system (Blackboard).Assist students in preparing for presentations and quizzes.Mark students' presentations using assessment rubrics and enter them into the system.Received strong positive feedback from Students (4.8 out of 5) Show less Presented (6 presentations) and reported (8 reports) impactful and practically relevant research findings to industry bodies such as CHIA, National Housing Finance and Investment Corporation (NHFIC), Lord Mayors Charitable Foundation, and NAHC.Evaluated the National Regulatory System for Community Housing (NRCH) in Australia and reviewed lessons learned from other jurisdictions.Evaluated the implications of the Basel III capital framework on the social housing market in Australia.Developed a financial model for a proposed shared equity homeownership program for youngers in Victoria.Simulated the mortgage stress testing at probable household incomes and house prices. Analysed the role of housing in regional development. Provided high-level administration support including filling and signing deed polls relating to research grants assignments.Participated in discussions with industry bodies such as CHIA and the Australian Prudential Regulatory Authority on important social and economic issues such as Banking exposure to the housing sector.Prepare creative and attractive presentation slides, agendas, and industry reports. Show less

      • Sessional Academic

        Jul 2022 - now
      • Research Assistant

        Jul 2019 - Oct 2023
    • Federation University Australia

      Feb 2023 - Apr 2023
      Research Assistant

      Evaluated the feasibility of a shared equity homeownership program for young NRAS tenants in Victoria. Reported the outcomes of the financial modelling and the stakeholder discussions for the implementation.

    • Ramsey Property Wealth

      Sept 2024 - now

      1. Market Research and Analysis: Conduct comprehensive market research to identify trends,opportunities, and risks in the real estate market. Analyse economic, demographic, and property-specific data to forecast market conditions and property values. Prepare detailed reports and presentations on market conditions, property values, and investment opportunities.2. Property Evaluation: Perform detailed financial analysis of potential investment properties,including cash flow projections, return on investment (ROI), and net present value (NPV) calculations. Assess property conditions, locations, and potential for appreciation todetermine their investment viability. Collaborate with the acquisition team to identify and evaluate potential properties for purchase.3) Due Diligence: Identify and mitigate potential risks associated with propertyinvestments.4) Client Advisory: Provide expert advice to our property strategy & Buyers Advocacy teamson property investments, market conditions, and portfolio management.5) Data Management: Maintain and update property databases and market research files, utilise advanced software tools and analytical methods to enhance data analysis and reporting, ensure the accuracy and integrity of all property-related data. Show less

      • Head of Research, Portfolio Analytics and Intelligence

        Feb 2025 - now
      • Property Analyst

        Sept 2024 - Feb 2025
  • Licenses & Certifications

  • Volunteer Experience

    • Volunteer

      Issued by Australian Property Institute on Apr 2022
      Australian Property InstituteAssociated with Prabath Morawakage
    • President's Scout

      Issued by Sri Lanka Scout Association on Jan 1996
      Sri Lanka Scout AssociationAssociated with Prabath Morawakage