Janaka Thalangalla ACMA,CGMA,MSc,BAC

Experience

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  M D Gunasena Co Ltd

  Jan 2011 - Nov 2014

  Management Accountant cum Internal Auditor

  Formed in 1913, Diversified group of companies into Retail & trading, Manufacturing, Education and Real Estate.A household label has become true to its word more than a century into the industry trailblazer in Publishing, Printing and online publication.Key Achievements Implemented an Activity Based Costing (ABC) system. Improved the production capacity by 40% through the implementation of a production capacity utilization monitoring and reporting system. Implemented Inventory control process by analyzing data on inventory turnover rates, lead times, and production capacity, MDG can adjust its inventory levels to minimize waste and reduce costs Developed and implemented audit plans and strategies to assess the company's internal controls and financial systems Show less

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  TATS Co. LTD

  Jun 2015 - Aug 2016

  Cost Accountant

  A leading private investment firm based in the Kingdom of Saudi Arabia having a diversified portfolio of lucrative business investments ranging from Engineering, Automobile, Heavy Equipment rentals and General Contracting across the Middle East.Key Achievements Developed and implemented cost accounting systems that provide accurate and timely information on product costs, margins, and profitability metrics. Developed and implemented financial models to support decision-making, including business cases, pricing strategies, and capital investment decisions. Show less

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  Accolade Ventures

  Sept 2016 - Nov 2019

  Group Financial Controller/General Manager

  A prominent diversified business conglomerate in Sri Lanka into the businesses of Automobile Component Manufacturing, Engineering, Construction, Real Estate, Hotels & Resorts and Hotel Management.Key Achievements Successfully led the company through a financial crisis to ensure the company is up and running. Converted high interest-bearing loans to Commercial rate loans to gain an interest saving of 8%. Implemented business diversification strategies to ensure the business's long-term sustainability and growth.  Implementing a robust financial reporting system that provides accurate and timely data to management, stakeholders, and investors. Show less

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  Optica Ltd

  Nov 2019 - Oct 2022

  Head of Finance

  The East African Region's market leader in the optical business has seventy-five retail outlets and a state-of-the-art manufacturing facility. In addition, the company is involved in real estate and general rental contracts.Key Achievements• oversaw the completion of monthly financial closure operations such as reconciliations, journal entries, and variance analysis on time and accurately.• Implemented a branch-specific monthly budgeting and monitoring system, resulting in a 20% growth rate.• Successfully managed the company's cash flow, ensuring that there is enough capital available to fund operations and expansion investments. • Directed the implementation of the SAP ERP system and the data migration from Quick Book to SAP.• Successfully managed the start-up of multinational firms and retail outlets launching up to full pledge operation.• Implemented financial automation whenever possible to minimizemanual touch points, streamline processes, and support the business with swift, effective, and accurate decision-making. are met. Show less

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  R G & Co

  Oct 2022 - Aug 2023

  Management Accountant

  • Analyzing financial data and creating reports to support business decisions.• Creating budgets and forecasts based on market trends and company performance.• Identify current financial performance and identify areas for improvement.• Providing financial information to management to aid decision-making.• Developing financial models to support business decisions.• Ensuring financial compliance with laws and regulations.• Preparing monthly, quarterly, and annual financial statements.• Conducting cost analysis and providing cost-reduction strategies.• Working closely with other departments to develop financial plans and strategies.• Preparing and presenting financial reports to senior management.• Handling day-to-day accounting activities.• Preparing financial statements and reports that summarize the company's financial performance• Bookkeeping, recording, and tracking financial transactions to ensure the accuracy of financial data.• Checking financial documents to ensure compliance with accounting standards and regulations.• Analyzing financial reports to identify trends, opportunities, and potential issues.• Managing accounts payable and receivable processes, as well as payroll and tax reporting.Key Achievements Implementation of data analytics for enhanced decision-making using advanced analytic tools/databases including Microsoft Access and Power BI.  Ensuring timely and accurate monthly financial close processes, including reconciliations, journal entries, and variance analysis Show less

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  BRUNEL ESTATES MANAGEMENT LIMITED

  Jun 2023 - now

  Finance Manager

  • Managing the overall financial operations of the company, overseeing accounting, financial reporting, and budgeting.• Collaborating with cross-functional teams to develop and manage budgets, providing financial insights and guidance.• Creating budgets and forecasts based on market trends and company performance.• Providing financial information to management to aid decision-making.• Preparing monthly, quarterly, and annual financial statements and management accounts.• Conducting cost analysis and providing cost-reduction strategies.• Processing monthly salary payments to company employees and handling staff expense claims.• Maintaining excellent communication with the Board of Directors and Senior Management, providing timely and accurate financial information and insights.• Supervising and guiding the Accounting Assistant, ensuring the accuracy and completeness of financial records.• Ensuring compliance with internal and external financial reporting deadlines, and delivering high-quality financial reports.• Proactively managing the cash position, aged debtors, and creditors, taking actions to minimize firm lock-up.• Preparing monthly financial review packs for the Board, providing insightful analysis and recommendations.• Ensuring timely bank account reconciliations, identifying and resolving discrepancies.• Processing transactions in accordance with FRS Accounts Rules, maintaining compliance with accounting standards.• Producing and distributing Key Performance Indicator (KPI) data, enabling effective performance monitoring.• Preparing and analyzing financial statements, including balance sheets, income statements, and cash flow statements.• Conducting monthly and year-end closing processes, reconciling accounts, and resolving any discrepancies.• Preparing and submitting tax returns, ensuring compliance with tax laws and regulations.• Analyzing production costs, and identifying areas for cost reduction and efficiency improvement. Show less