SULOCHANA THENUWARA

Key Responsibilities

• Preparation and analysis of financial accounts and summarizing financial status.
• Preparation of payroll for all staff monthly and biweekly basis and monitor payroll expenses by providing monthly analysis report to management.
• Monitor and responsible for ensuring meeting client requirements.
• Daily and weekly stock management and supplies management.
• Manage accounts receivables, accounts payables, monitor and ensure accuracy of payables and receivables.
• Handle client enquiries, ad-hoc reports and support overall ongoing day-to-day business requirements.
• Daily and weekly stock management and supplies management.

Key Achievements

• Implemented reports to track weekly sales and expenditure and provided main ratios which depicts financial and operational performance.
• Negotiated favorable contracts with third party suppliers which reduced cost by 20%
• Implemented effective pricing strategies and increased revenue by 10%

Key Responsibilities

• Prepared financial statements, including balance sheets, income statements, cashflow statements, ad-hoc management information reports.
• Prepared company budgets / forecasts quarterly and annually.
• Verify and allocate accounts payable/receivable, loan /interest payments, accruals, prepayments, fixed asset entries including additions/disposals, depreciation, and amortization and performed reconciliations weekly/monthly.
• Maintained compliance with internal protocols and regulatory requirements.
• Collaborated with auditors to finalize internal/external audits.

Key Achievements

• Participated in implementation of new accounting software, which reduced manual errors by 12% and sped up data entry.
• Accelerated production of ad-hoc reports and management accounts by 2 days through sourcing and implementing more advanced efficient formulae and spreadsheet technics.
• Generated cost saving by 10% annually by analyzing financial information/ data and proposing solutions to senior management.

Key Responsibilities

• Worked in USA and involved in project to migrate General Ledger Assurance (GLA) functions to Colombo from Transamerica Plc-USA
• Managed team of 5 and plan assign review of staff work on preparation and reporting of financial accounts and provide Financial Management Information (MI’s) for decision support.
• Reconciled and resolved any balance sheet issues to ensure accuracy and timeliness of income statements performance.
• Customer relationship management by involved in client meetings and driving / negotiating Service Level Agreements and TAT standards of processes.
• Liaised with other business units to provide financial insights and information to enhance support business.

Key Achievements

• Maintained and ensured service level agreements are met at platinum level (+99% uptime)
• By developing Failure Mode Effect Analysis (FMEA) for reconciliation processes, thoroughly analyzed failure modes in line with business continuity plan, current internal controls, and its adequacy to ensure business continuity in long run, control limitations and recommended new controls for limitations identified based on Risk Priority Number (RPN).
• Effectively managed team of five and ensured all deadlines were met, trained, and mentored them to improve efficiency further.

Key Responsibilities

• Performed BAU projects in terms of scope, deliverables, project work breakdown structure / schedule, identification of skilled resources, issues and risk investigation and established coordination between client and production operations.

Key Responsibilities

• Management of financial statements by being responsible for updating ledgers on revenue, expenses, receivables, payable, accruals, prepayments and intercompany expenses. Also prepared budgets and forecasts, and delivered MI’s to top management.

Key Responsibilities

• Worked in UK (approximately 10 months) in a project to migrate General Ledger Assurance (GLA) and Expense Management functions to Colombo from AVIVA Plc (Yorkshire- UK)
• Management of financial statements by being responsible for updating ledgers on receivables, payable, accruals, prepayments and intercompany expenses and policy update for premiums / claims, reporting of balances in general ledger accounts.

Key Responsibilities

• Through internal and external audits conducted financial audits by planning and assessing accounting and internal controls of client companies, reported risks, and preparation of financial statements.

• Awarded Best Student of the cohort “Tutor Prize Winner” from Coventry University for MSc International Business Management (2022).