CATH AMARASINGHA
Berwick
Summary
Accomplished Chief Financial Officer with extensive experience in financial leadership and strategic management. Adept in aligning financial and business metrics to support business strategy and high-growth. Proven ability in team leadership, financial reporting, and stakeholder engagement. Committed to driving business success through effective financial stewardship, innovative problem-solving, and exceptional relationship-building skills. Strong track record in enhancing operational efficiency, profitability, and business agility.
Overview
13
13
years of professional experience
Work History
Chief Financial Officer
Spatial Vision Innovations Australia Pty Ltd
07.2023 - Current
- Financial Strategy, Governance and Risk Management– for short term & long term company strategies
- Financial Accounting and Statutory Reporting, fulfil regulatory and compliance requirements for primary and supplementary financial statements and disclosures
- Develop, interpret and present recommendations on financial information, reports and analyses in a simple way to enable informed decision making.
- Streamlined financial processes by implementing new accounting software and automation techniques.
- Increased cash flow by optimising working capital management and reducing outstanding receivables.
- Enhanced profitability with cost reduction initiatives, such as renegotiation of supplier contracts and process improvements.
- Developed strategic financial plans to support company growth and achieve long-term objectives.
- Managed risk effectively through comprehensive insurance coverage review and implementation of robust internal controls.
- Oversaw the successful completion of external audits, addressing any recommendations promptly to ensure smooth operations.
- Implemented tax planning strategies that minimized liabilities while ensuring full compliance with local, state, and federal laws.
- Fostered a culture of continuous improvement within the finance team, encouraging professional development opportunities for staff members.
- Championed effective communication between finance personnel and other departments to facilitate cross-functional collaboration on projects and initiatives.
- Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
- Oversaw budgets, payroll, and accounts payable and receivable.
Financial Controller
Spatial Vision Innovations Australia Pty Ltd
02.2019 - 06.2023
- Annual Budget – Preparation of annual budget by collating information, communicating with divisional heads, analysing last year’s budget against actual, forecast revenue and expenses
- Financial Model – Change and introduce of financial models for better forecast, results in organisation
- Develop, interpret and present recommendations on financial information, reports and analyses in a simple way to enable informed decision making
- Finance and Administration Operations & Systems- month end reporting review, including balance sheet, cash flow statement and supporting reconciliations within allocated timeframes adhering to strict due dates
- Managing Company Treasury Function, monitor company bank accounts, investments and transactions
- Support Compilation of Research & Development Activity Reporting in order to obtain government grant in a timely manner
- Lead the accounting team, review accounts receivable, payable, employee reimbursements done by accounts assistant, reviewing credit card reconciliations, account code changes, coding of payables and receivables and reviewing of weekly EFT payments according to company guidelines
- Senior Management Analytical Review, Preparation of monthly, yearly analytical review for senior management
- System Process, documenting process of the system, implementation of improved productivity process, analysing system capabilities and finding directions to more customised system solutions
- Fixed Assets Register – Reviewing Fixed Assets Register, recording depreciation, write off and required impairment on a monthly basis
- Accurate preparation of statutory requirements and Report monthly PAYG, monthly BAS, Payroll tax, FBT and superannuation to correct external organisations
- Lead the Audit Process
- Lead the ISO quality management audit, managing a team of 5 internal auditors and providing regular improvement feedback to the management
- Lead and implement systems to improve efficiency, such as new accounting system, HR system via been proactive and responsible project manager
Senior Accountant
Spatial Vision Innovations Australia Pty Ltd
05.2015 - 02.2019
- Reviewing of Month End - month end reporting review, including balance sheet, cash flow statement and supporting reconciliations within allocated timeframes adhering to strict due dates
- Support Compilation of Research & Development Activity Reporting in order to obtain government grant in a timely manner
- Supervising Accounts Assistant, review accounts receivable, payable, employee reimbursements done by accounts assistant, reviewing credit card reconciliations, account code changes, coding of payables and receivables and reviewing of weekly EFT payments according to company guidelines
- Senior Management Analytical Review, Preparation of monthly, yearly analytical review for senior management
- System Process, documenting process of the system, implementation of improved productivity process, analysing system capabilities and finding directions to more customised system solutions
- Fixed Assets Register – Reviewing Fixed Assets Register, recording depreciation, write off and required impairment on a monthly basis
- Accurate preparation of statutory requirements and Report monthly PAYG, monthly BAS, Payroll tax, FBT and superannuation to correct external organisations
- Audit Process- Preparation of annual general/special purpose financial statement including shell accounts and final report, cash flow, changes of equity and relevant notes for year-end audit
Assistant Accountant
Club 21 Australia Pty Ltd, Armani Exchange, Calvin Klein & Mulberry
09.2013 - 04.2015
- Processed Month End - month end reporting, including balance sheet, cash flow statement and supporting reconciliations, closing of accounts receivables, accounts payable and general ledger within allocated timeframes adhering to strict due dates
- Reconciliation of all Accounts- Monitored and guided accounts assistant with bank reconciliation and managed clearing accounts and reconciliation of store and head office petty cash
- Fixed Assets Register – Maintained Fixed Assets Register, recording depreciation, write off and required impairment on a monthly basis
- Efficiently Processing Internal Payroll & reporting, utilising accurate data entry to minimise miscalculations and overpayment, ensuring correct maintenance of staff records, payment upload, EFT approval in the financial institution
- Managing Human Resource Requirements, ensuring my knowledge is up to date of legislative compliance with employee agreements, calculation of Annual, Long Service Leave, termination payments, holding exit interviews, and liaising with relevant parties to accommodate salary sacrifice arrangements
- Managing WorkCover Requirements, Manage WorkCover premium calculation, claims, providing annual salary estimates to WorkCover insurer and reconciliation of annual claims
- Reporting, providing information for salary surveys, preparing HERDC, quarterly reports to RMIT, preparation of FBT calculations, preparation of monthly variance analysis report and salary reports
- Sales Reports – Monitored accuracy and sales and guide accounts assistant with daily sales report
- Managed Stock – Recorded stock adjustments for uniform, clothing allowances, faulty, and prepared monthly stock depreciation and Gross Profit analysis report
- Managed Intercompany Transactions – Liaised with Singapore team and monitor intercompany transactions and reconciliation
- Accurately Prepared and Report monthly PAYG, monthly BAS and superannuation to correct external organisations
- Supported Audit Process- Supported external auditors
Assistant Accountant
Debt & Insolvency Solutions
03.2011 - 09.2013
- Successfully Produce Accurate month end reporting, including balance sheet, cash flow statement and supporting reconciliations, within allocated timeframes adhering to strict due dates
- Efficiently Processed Internal Payroll, utilising accurate data entry to minimise miscalculations and overpayment, ensuring correct maintenance of staff records
- Reconciliation of Monthly Accounts, general ledger and asset register management, providing accurate documentation and recommendation for asset development and use, also meeting statutory audit process requirements
- Accurately Prepare and Report monthly PAYG, quarterly BAS and superannuation to correct external organisations
- Effectually Liaise with Auditors and Manage year end process for several clients, pre-empting questions that would likely be raised by auditors and preparing responses in advance
- Develop and Implement Thorough policy and procedures, including lowering expenditure and improving payroll accuracy, efficiency and reporting
- Ensured Tax Compliance, remained current with tax regulations and legislation, assessing and reviewing client accounts and implementing changes and procedures to align practices with tax legislation and laws
- Proficiently Perform Adhoc Duties, restructured tasks and events to account for unexpected duties
Education
Accounting
Chartered Accountant Australia
2015
Master of Business Administration -
Deakin University
2013
FSRA – Tier 2 (RG 146 -
Deakin University
2013
Bachelor of Business - Accounting & Finance
Swinburne University of Technology
2008
Introduction to MYOB Certificate -
Box Hill TAFE
2008
Diploma of Business - Management & Marketing
Perth Institute of Business & Technology
2006
Skills
- Financial Reporting
- Budget Development
- Corrective Actions
- System Installation Management
- Management Reporting
- Stakeholder Management
- Cashflow Management and Optimisation
- People Management
- Risk Management
- Documentation Compliance
- Trends Monitoring and Forecasting
Accomplishments
· Developed and executed cost control strategies to achieve 10% reduction in Operating expenses.
· Orchestrated financial turnaround strategies resulting in a profitability growth of 12% by two financial years.
· Implemented and integrated financial reporting systems enhancing reporting accuracy and providing near real time reports to stakeholders.
· Led a transformative digital initiative, integrating data analytics into financial decision making.
Timeline
Chief Financial Officer
Spatial Vision Innovations Australia Pty Ltd
07.2023 - Current
Financial Controller
Spatial Vision Innovations Australia Pty Ltd
02.2019 - 06.2023
Senior Accountant
Spatial Vision Innovations Australia Pty Ltd
05.2015 - 02.2019
Assistant Accountant
Club 21 Australia Pty Ltd, Armani Exchange, Calvin Klein & Mulberry
09.2013 - 04.2015
Assistant Accountant
Debt & Insolvency Solutions
03.2011 - 09.2013
Accounting
Chartered Accountant Australia
Master of Business Administration -
Deakin University
FSRA – Tier 2 (RG 146 -
Deakin University
Bachelor of Business - Accounting & Finance
Swinburne University of Technology
Introduction to MYOB Certificate -
Box Hill TAFE
Diploma of Business - Management & Marketing
Perth Institute of Business & Technology
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