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Candidate Details

Name :

Naradha Rajakaruna
Qualification :
Finance Manager
Industry :
Operations Management
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Candidate ID:
NR7
This candidate has been hired.

Finance Manager

About our Client

Operational Finance Professional with expertise in developing innovative strategies, streamlining operations for the business turnaround, and establishing robust internal controls with corporate governance frameworks to increase efficiency and profitability. Experienced with both start-ups and global multi-billion-dollar organisations, and a track record for achieving process excellence linked to overall strategic & business objectives. Highly effective negotiator, leader and communicator, able to win the trust of stakeholders to achieve goals ethically and professionally. Fellow Member of the Institute of Public Accountants(IPA), Australia and the International Federation of Accountants (IFA), UK.

Achievements

  • Increased group operational profit by 23%year on year (2020 Vs 2021) & Market share of the banking & finance sector in Sri Lanka increased by 5% despite COVID-19 and other challenges
  • Implemented process improvement mechanism and controls and new costing sheet to streamline Banking and software development operations. As a result, the conversion ratio of budgeted funnel to invoiced increased from 47% to 88% in the year 2020/21
  • Differed revenue ratio reduced from 97% to 26% and maintained HIGH sales conversion ratio while maintaining LOW deferred invoicing pattern
  • Concluded the group annual audit for the financial year 2015 operations before the deadline to save interim tax payment of US$2.5Mn and managed to get a tax credit for the next 5 years (2016)
  • Established a Joint venture to operate a Dockyard business in the Maldives between Coastline Maldives and DIMO Sri Lanka after having a detailed feasibility study and market survey (2017)
  • Successfully concluded refinancing facility of US$ 30 Million to our Resort operations with a syndicated financial facility from Sri Lanka (2018)
  • Sale of 5-star resort property to German-based hotel chain (2019)
  • Successfully concluded debt restructure facility of US$80 Million to the company’s Oil & Gas operations fromMauritius Commercial Bank (MCB) (2019)

Professional Experience

Education

Interests

Skills

  • Financial Planning
  • Accounting & Financial Management
  • Mergers & Acquisitions
  • Performance Measurement
  • Growth Strategy Development
  • Team Development

Technical Skills

  • AS / 400 (System 21) ERP, Sage 300 ERP
  • TALLY (7.2) Financial Module, Intuit Qbooks
  • Excel, VLOOKUP
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