Sanara De Silva
Te Aro, Wellington,New Zealand
Summary
Detail-oriented Senior Associate bringing 5 years' experience in Financial reporting. Knowledgeable about project management and team leadership.
Overview
7
7
years of professional experience
Work History
Senior Associate
PwC
Wellington
10.2022 - Current
- Driving the delivery of complex accounting and financial reporting guidance to clients, including client relationship management, and ensuring that audit work is completed to the highest quality standard.
- Preparing and Reviewing Financial Statements.
- Proactively assist the team in various aspects of the project and prepare workpapers and
deliverables - Assessment and management of project risks and commercial targets.
- Keep up to date with industry knowledge as appropriate to develop a specialist level of expertise.
- Analyse and share knowledge of generally accepted accounting practices, related regulatory or legislative standards, business processes or industry knowledge with broadbased network of internal and/or external contacts
Senior Executive - Financial Accounting and Advisory Services
Ernst and Young (EY Sri Lanka)
12.2021 - 09.2022
- Project manager for IFRS / IAS projects and assessing the impact of adopting IFRS / IAS, as well as engaged in IAS / IFRS compliance reviews for the majority of banks and finance companies in Bhutan & Sri Lanka
- Performing process audits to understand the existing business process and to benchmark with industry best practices, especially relating to processes relevant for financial closure process and other related processes
- Part of the engagement teams to performing extensive studies on business process requirements in terms of the requirements of the accounting standards for the purpose of improving the current business processes to comply with the requirements of the standard
- Managed IFRS Conversion assignments for several large diversified local and international groups who are engaged in Manufacturing, Retail and whole Sale, Services and Transportation sector on diagnostic phase of IFRS conversion project
- Key resource personnel for IFRS training for clients
- Senior in Charge of the project with Ministry of Finance - Maldives for the provision of consultancy services for converting Central Government Financial Reporting from Cash Basis Accounting to Full Accrual Basis Accounting.
Executive - Financial Accounting and Advisory Services
Ernst and Young (EY Sri Lanka)
04.2021 - 12.2021
- Evaluated the adequacy of the system's internal controls and provided SOX advisory services to financial service clients in the United States and Performed as a senior member of the SOX program assessment and SOX testing teams
- Prepared Consolidated Financial Statements for large conglomerates in Sri Lanka and advised entities in Manufacturing and Trading industries related to IFRS 10 consolidation
- Networked with engagement clients while leading staff, coordinating with the engagement team, and reporting to the engagement partner
- Handled accounting policy development projects for large conglomerates in Sri Lanka in the areas of Revenue from contracts with customers, Foreign currency transactions, Property plant and equipment
- Performed IFRS 16, IFRS 15, IFRS 9 implementation projects for entities including Financial Services, Manufacturing & Trading.
Senior Audit Associate
PricewaterhouseCoopers (PwC Sri Lanka)
04.2020 - 04.2021
- Preparing and analyzing financial statements at both entity and consolidated level and analyzing and forecasting financial information including disclosures
- Managed internal and external audits as the senior in charged by reviewing the work performed by staff, report writing and ensuring of the quality and timely submission of deliverables and carrying out of audits in accordance with International Auditing Standards and Sri Lanka Accounting Standards
- Performed annual risk assessment, audit planning, review and analysis of financial statements and operational information, testing business processes, and the issuance and presentation of management reports
- Identifying the engagement-specific risks and managing them by designing and performing specific procedures
- Attending to technical issues related to Accounting and Auditing Standards (IAS/ISA) and having discussions with technical teams
- Analyzing the cost model of entity's inventory and designing testes over the capitalization versus expense recognition of variances in standard cost environments.
Audit Associate
PricewaterhouseCoopers (PwC Sri Lanka)
03.2019 - 04.2021
- Understanding of client's business, risk analysis, industry analysis, compliances and preparation of detailed audit plan
- Process mapping and elimination of non value adding steps by adhering to best practices of the industry
- Review of procedures and checking of revenue (local and export), purchase (Local and import), inventory, fixed assets, payroll & treasury
- Review of client's Bank reconciliations, GL reconciliations, VAT, NBT, income tax and other taxes
- (CESS, ESC etc.)
- Computation of deferred tax and review of income tax computation.
Trainee Associate - Internal Audit, Risk and Compliance Services
KPMG (Sri Lanka)
10.2016 - 12.2017
- Executed process mapping and elimination of non value adding steps by adhering to best practices of the industry
- Investigated internal control deficiencies of companies and developed recommendations to overcome them
- Evaluated the adequacy of the system of internal control.
Education
Certified Business Accountant(CBA) -
Institute of Chartered Accountants Of Sri Lanka
Sri Lanka01-2021
Bachelor of Business Administration (Finance Special) -
University Of Colombo
01.2021
Member of Association of Accounting Technicians of Sri Lanka -
Association of Accounting Technicians of Sri Lanka
01.2016
G.C.E Advanced Level -
Visakha Vidyalaya - Colombo 05
Skills
- Auditing
- IFRS / IAS
- Management Accounting
- Internal Control
- Decision making
- Leadership
- Fluent in Ms Excel
- Communication and Presentation
- IPSAAS
- SOX compliance
- Risk Assessment
- Client Management
- Time management
- Analytical Approach
Accomplishments
- Promoted from Executive to Senior Executive
- Was promoted within 9 months and Awarded Higher Performer performance rating by EY for the above promotion
- Promoted from Associate 2 to Senior Audit Associate
- Was double promoted and Awarded Higher Performer performance rating by PwC for the above promotion
Other Qualifications
- All Island Prize Winner - Public speaking (2009)
- Successfully completed Microsoft office Application conducted by CA Sri Lanka.
- Successfully completed Microsoft office Navision conducted by CA Sri Lanka
Languages
- English, Full Professional Proficiency
- Sinhala, Full Professional Proficiency
Timeline
Senior Associate
PwC
10.2022 - Current
Senior Executive - Financial Accounting and Advisory Services
Ernst and Young (EY Sri Lanka)
12.2021 - 09.2022
Executive - Financial Accounting and Advisory Services
Ernst and Young (EY Sri Lanka)
04.2021 - 12.2021
Senior Audit Associate
PricewaterhouseCoopers (PwC Sri Lanka)
04.2020 - 04.2021
Audit Associate
PricewaterhouseCoopers (PwC Sri Lanka)
03.2019 - 04.2021
Trainee Associate - Internal Audit, Risk and Compliance Services
KPMG (Sri Lanka)
10.2016 - 12.2017
Certified Business Accountant(CBA) -
Institute of Chartered Accountants Of Sri Lanka
Bachelor of Business Administration (Finance Special) -
University Of Colombo
Member of Association of Accounting Technicians of Sri Lanka -
Association of Accounting Technicians of Sri Lanka
G.C.E Advanced Level -
Visakha Vidyalaya - Colombo 05
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