Muditha Wijesundara (ACCA. ACA)

Experience

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  Price Waterhouse Coopers

  Aug 2000 - Nov 2004

  Accountant / Senior Auditor

  Areas of responsibilities.- External audits in Manufacturing and Service sectors.- Internal audit.- Tax management and compliance audits.

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  Tigo(Pvt)Limited,Sri Lanka

  Dec 2004 - Sept 2007

  Financial Accountant

  The company was a fully owned Subsidiary of Millicom International Cellular, Luxemburg. Financial Accounting and Management Reporting.Implemented internal controls introduced under the Sarbanes Oxley Act (SOX - 404) in finance, contributed to achieving a 98% compliance success rate by being the No. 1 Opco in the groupHandled corporate tax and compliance. Liaised with Internal and external auditors,

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  Bharti Airtel Lanka ,( Subsidiary of Bharti Airtel Ltd -India )

  Oct 2007 - Aug 2010

  Finance Assistant Manager

  As a start-up operation, held a significant role in setting up the finance structure, and regulatory and compliance framework of the company. Oversaw financial accounting and taxation. Was instrumental in business planning and analysis, contributing to the strategic direction of the company through insightful financial analysis and reporting. Also involved in management reporting.Key Achievements• Successfully managed the taxation process by recovering input VAT on project spend (USD 0.4Mn) and deferring VAT on CAPEX spending through tax deferment vouchers valued at USD 5Mn which significantly helped to relieve the burden on company cash flow. • Ensured 100% adherence and compliance related to the finance framework as a start-up operation that contributed to launching the business successfully. Played a crucial role in the business planning process, providing financial insights that directly influenced operational efficiency. Show less

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  Etisalat Afghanistan

  Aug 2010 - Aug 2013

  Finance and Reporting Manager, Etisalat (UAE & Afghanistan)

  Duties encompassed overseeing financial accounting and compliance with IFRS. Liaising with both external and internal auditors and implementation of policies and procedures. Adeptly managed the submission of monthly financial reporting packages, which included KPIs and thorough financial analysis.Key Achievements• Effectively coordinated with external and internal auditors, ensuring seamless financial operations, and addressing any potential issues proactively.• Managed the monthly preparation and submission of detailed financial reports, incorporating KPIs and comprehensive financial analysis, to provide insightful data for strategic decision-making.• Spearheaded the implementation of financial policies and procedures, playing a crucial role in standardizing operations and ensuring 100% group compliance.• Maintained a strategic oversight of financial processes, ensuring operational efficiency and the accuracy of financial data across the organization. Show less

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  Dialog Axiata PLC

  Oct 2013 - Sept 2019

  Group Business Control Manager

  Demonstrated exceptional skills in financial management and strategic planning. The role primarily revolved around managing the Capital Expense (CAPEX) and Operating Expense (OPEX) business planning processes, ensuring alignment with the strategic directives of the seven business units and the group. Meticulously evaluated divisional budget requests, balancing them against expected returns and business justifications.• Skilfully managed CAPEX and OPEX planning, ensuring strict adherence to the group's strategic financial goals. This involved a nuanced understanding of financial forecasting and allocation.• Systematically evaluated business and service unit's budget requests, ensuring each aligned with expected returns and business justifications. This critical analysis ensured optimized resource allocation and financial planning.• Conducted comprehensive management reviews and prepared board papers for spending approvals. This accountability was key in facilitating informed decision-making at the highest levels.• Effectively aligned and applied strategic working capital targets to subsidiaries. This involved developing initiatives and projects that drove the organization toward its financial goals.• Implemented significant cost-saving measures, resulting in a reduction in inventory levels. This not only optimized inventory management but also positively impacted the company's bottom line.Key Achievements• Maintained a 100% success rate in preventing budget overruns, ensuring all financial planning, and spending stayed within the set parameters.• Achieved over 95% success rate in EBITDA improvement targets, a testament to effective OPEX optimization strategies.• Spearheaded initiatives that slashed inventory levels by 50%z Show less

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  Hutchison Telecommunication (Pvt) Ltd

  Sept 2019 - Oct 2022

  Senior Finance Manager/Business Partner

  Have been instrumental in shaping the company's financial landscape through meticulous business planning and analysis. Responsibilities included managing the forecasting, annual business planning, finance operation, and finance business partnering.• Led the forecasting, budgeting, and strategic planning processes, providing essential financial insights. This involved a comprehensive approach to financial planning, aligning budget allocation with the company's long-term goals.• Developed and presented detailed financial reviews to the CEO and board. This required synthesizing complex financial data into actionable insights and influencing strategic decisions at the highest level.• Systematically evaluated business performance and monitored key performance indicators. This accountability involved a deep dive into the company's operational metrics to guide strategic improvements.• Played a critical role in achieving EBITDA targets through strategic cost-controlling measures. This involved identifying and implementing cost-reduction strategies without compromising operational efficiency. • Oversaw the planning and monitoring of CAPEX, ensuring optimal investment and returns for the company. This included evaluating potential investments and monitoring ongoing projects for financial viability.• Ensured timely finalization and review of monthly accounts. This task required precision and adherence to strict deadlines, ensuring financial statements' accuracy and reliability.• Managed and ensured compliance with corporate tax and VAT, alongside overseeing external audits. This role was pivotal in maintaining financial integrity and adhering to regulatory standards. • Conducted comprehensive credit evaluations in the post-paid business segment, improving collection performance significantly. Assessed credit risks and implementing effective credit policies. Show less

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  Multisol Group

  Jan 2023 - Dec 2023

  Group Accountant / Finance Business Partner

  Management accounts, performance evaluations, and KPI reviews to drive the business performance. Handling monthly flash, and quarterly forecasts & and coordinating the annual budget, assessing the short and long-term financial trends, and assisting the management decision-making process.Perform profitability assessments, risk assessments & and reports, highlighting business significant risks for the attention of the top management. Undertaking Investment appraisals (CAPEX), business case evaluations, and making recommendations to add value to the business for management decision-making. Performing Working capital reviews, cash flow analysis and credit reviews, finance operation & and handling policies and procedures. Show less

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  Thamesway Sustainable Communities Limited

  Jan 2024 - Jun 2024

  Management Accountant
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  AAT Sri Lanka

  Sept 2024 - now

  Financial Controller