Shehan Sandanayaka

Shehan Sandanayaka

Account Executive

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location of Shehan SandanayakaColombo, Western Province, Sri Lanka

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  • Timeline

  • About me

    Chartered Accountant | Registered Company Secretary | Entrepreneur | Startup Consultant | Tax Advisor | Business Strategist

  • Education

    • Institute of Chartered Accountants of Sri Lanka

      2012 -
      Accounting and Finance ACA - 6906
    • Mahanama College Colombo

      2004 -
      G.C.E. Ordinary Level & Advanced Level
    • CIMA

      2008 -
      Associate's degree Accounting and Finance ACMA
  • Experience

    • John Keells Holdings PLC

      Jan 2007 - Dec 2008
      Account Executive
    • HSBC Global Banking and Markets

      Dec 2008 - Jun 2010
      Fund Accountant

      Fund Administrator• Valuations submitted of on shore hedge funds daily trading activities under multiple currencies based on prime broker reports and trade files from fund managers.• Prepared of daily reconciliations for Cash, Holdings, Dividends, Shares and Derivatives in each portfolio and facilitate calculation of final Net Asset Value by reference to Bloomberg.• Prepared daily and monthly reports on hedge fund transactions and provided detailed investigations on securities transactions while accounting for investment (subscriptions) and redemption transactions in the internal accounting systems and on accounting reports submitted to Treasury Show less

    • Shugwin Lanka (Pvt) Ltd

      Jun 2010 - Jun 2012
      Finance Executive

      Finance Executive• Prepared Financial Statements• Managed Payables and Receivables• Coordinated the Annual Audit with the External Auditors• Ensured the administration of Taxes such as VAT, NBT, ESC, Stamp Duty and PAYE tax• Dealt with the Inland Revenue Department regarding Tax issues • Provided financial data for decision making • Reported directly to the Board of Directors• Involved in the preparation of the Annual Budget of the Company• Managed the Group’s investment fund by determining sound investment opportunities and highlighting risks Show less

    • Shantha Adikari & Co.

      Jun 2012 - Nov 2015
      Audit Manager

      Audit Manager• Lead the overall audit planning and execution of statutory financial audits in accordance with SLFRS & LKAS Standards (converged with IFRS Standards), for a portfolio made up of diversified sector clientele• Provided oversight in performing analytical reviews as well as to planning substantive procedures and oversee the firm wide application of international standards on auditing• Worked with experts during the course of the audit and provided recommendations for the boards of directors and audit committees on their accounting processes• Reviewed the audit firms' quality control aspects, perfecting audit methodologies, manpower planning, internal training and scheduling the interim, ongoing and year end audit assignments• Over sighted non-audit services such as management consultancy, internal audit, limited review, prospective financial statement, due diligence and supporting services for litigation proceedings• Involved in tax planning & return furnishing, client representation at meetings with the officials of Inland Revenue Department and Registrar of Companies Show less

    • Mercantile Investments and Finance PLC

      Nov 2015 - Oct 2017
      Manager Risk and Compliance (Head of the Department)

      Manager Risk & Compliance (Head of the Department)Risk Management•Prepared and implemented the risk policy and the risk management procedures for the company and monitored its implementation and practice•Ensured effective risk management monitoring tools are in place to identify areas of risk•Analysed credit, market and operational risk components whilst identifying, describing and estimating the risks affecting the company’s operations•Responsible of preparing, coordinating and presenting branch risk reports, including the risk dashboard and other general risk related items to the IRMC•Analysed and reported the ALCO on the maturity profile of the company’s assets & liabilities regarding any maturity mismatches, ageing differences or any associated risks on asset liability mismatch and triggering actions on a regular basis•Analysed organisation’s investment securities portfolio based on duration, cost and return in comparison with the company investment policy Compliance•Monitored legislative developments and practices within the finance industry which impact the organisation particularly in areas of governance, investments, finance and auditing•Developed and disseminated written Board approved compliance policies and procedures•Conducted internal investigations and anti-money laundering compliance and FIU reporting•Prepared compliance reports on corporate governance practices as per directions•Provided employee training on key compliance regulations, policies and procedures•As the compliance officer, liaised with the department of SNBFI of central bank of Sri LankaOther Special Duties and Projects•Held Responsible for the preparation of strategic plan•Drafted the risk report, corporate governance report, risk in company annual report•Preparation of competitor bench-marking and industry analysis•Contributions on preparations monthly management committee presentations of profitability at branch level, product level and customer level Show less

    • Loughborough University School of Business and Economics

      Oct 2017 - Sept 2018
      Full Time MBA Candidate
    • S. A. Sandanayaka & Co.

      Aug 2018 - now
      ♛ Founder & Precedent Partner

      S. A. Sandanayaka & Co. is a Chartered Accounting Firm registered at Institute of Chartered Accountants of Sri Lanka as a practicing firm enabling the firm to carry out Statutory Audits of organisations in Sri Lanka. As the Founder and Managing Partner my duties and responsibilities are as follows:• Responsible for the opinions we provide for our clients• Audit planning• Monitoring professionalism skepticism• Maintaining integrity• Maintaining quality of reports we submit to the clients Show less

    • Ernst & Young

      Oct 2018 - Jan 2019
      Manager Risk Advisory Services

      Manager Risk Advisory Services• Strategic risk management design and implementation.• Enterprise risk assessment.• Corporate governance assessment and design.• Internal audit start-up and transformation.• Fraud Investigation and Risk Assessment.• Fraud Risk Governance

    • Bizguide Global (Pvt) Ltd

      Jan 2020 - now
      ♛ Founder & Managing Director

      Bizguide Global (Pvt) Ltd is the "one stop shop for your startup in Sri Lanka", If you want to register a business in Sri Lanka and commence your operations in a minimal time period of time, we are the partner that you have been looking for. Not only for Startups, but the company provides variety of services even for established corporate clients those ranging from Business Registration, Secretarial Services, Bookkeeping, Accounting, Taxation, Payroll, Advisory Services, Project Report Preparation, Credit Facilitation Support, Business Strategy Consultation, Website Designing, Logo Designing, Providing Office Spaces / Co-working Spaces, Staff Recruitment & Training etc.As the Founder and Managing Director of this company my duties and responsibilities include:• Business strategy planning and implementation• Focusing on lead generation strategies of the company• Building up long term relationships with the clients • Allocating responsibilities to skilled individuals to build empowerment • Work closely with teams to create synergies among teams• Monitoring quality of work, on time delivery, customer satisfaction Show less

  • Licenses & Certifications

    • Associate Member (ACMA)

      Chartered Institute of Management Accountants (CIMA)
    • Associate Member (ACA)

      Institute of Chartered Accountants of Sri Lanka