UDITHA BANDARA
Brisbane,Australia
Summary
Seasoned auditing professional knowledgeable about risk aversion strategies, cost reduction options and financial processes. Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities.
Overview
8
8
years of professional experience
1
1
Certification
Work History
Senior Internal Auditor
Bellingham Marine Industries Inc
07.2022 - Current
- Review of Internal Audit strategic documents (Terms of Reference of the Board Audit Committee, The Board Audit Committee Charter, Internal Audit Activity Charter, Investigations Manual, Risk-Based Auditing Model etc.)
- Supported management through risk identification, control testing and process improvement procedures.
- Reported internal control issues to management and supplied comprehensive recommendations to mitigate the associated risks.
- Conducted many financial and non-financial auditing practices to evaluate and prepare analytical review procedures.
- Communicated audit results to upper management through written reports and oral presentations.
- Gathered data for internal audits through interviews, financial research and downloads.
- Closely worked with the IT audit team to identify errors and information issues of IT systems (Used tools such as SQL)
- Articulated audit findings, risks and detailed recommendations to upper management (used Microsoft Office Excel and Word).
- Led training sessions for department personnel on emerging trends in internal auditing and industry best practices, fostering continued growth among team members.
- Developed strong working relationships with key stakeholders to facilitate open communication during the audit process.
Assistant Manager Internal Audit
Ceylinco Insurance Corporation
03.2019 - 12.2021
- Engaged in the annual audit planning process
- Prepared and recommended audit matters and findings, including complex insurance practices such as underwriting, reinsurance, and claim assessment
- Engaged in system studies for various company departments, implementing a few new Standard Operating Procedures (SOPs) for the HR, Operations, Claims, and Finance Departments
- Engaged in special investigations for fraud and insurance compliance issues escalated by corporate management
- Assisted in implementing a new risk-based audit methodology for department audits
- Managed and participated in country-wide audit engagements, leading a team of six members
- Participated in implementing a new internal control system for the claim authorization system
- Played an active role in implementing a new reinsurance risk assessment scheme, reducing 25% of reinsurance premium expenses
- Assisted in implementing a stock management system for the company's subrogation stocks, resulting in a profit of Approx LKR 20 million
- Implemented a scheme to segregate duties of the medical claim process
- Participated in the investigation to identify malpractices by sales reps in rolling customer collection
Trainee Industrial Placement
Sampath Bank PLC
11.2017 - 03.2019
- Carry out Annual Audits of all the departments of the Bank to ensure compliance
- AML/CFT and guidelines of Central Bank of Sri Lanka
- Evaluates the cost-effectiveness and risks of operational processes, activities, policies, and systems
- Reports on management on the existence and effectiveness of the system of internal controls
- Verified the Internal Capital Adequacy Assessment Process (ICAAP) to comply with the Basel II regulatory framework
- Evaluate financial statements and reports for management, shareholders, and statutory bodies
- I was the only trainee to cover all the bank audit departments
- Participated in a fraud investigation of about LKR 80 million
- I participated in reviewing the whistle-blowing policy of the Bank
Trainee Business Finance
Ideal First choices (Pvt) Ltd
01.2016 - 11.2017
- Process payments
- Enter monthly journal entries and manage general ledger accounts
- Prepare bank reconciliations
- Assist with the annual audit
- Conduct stock counting and verifications.
Education
Master of Business Administration (MBA) - Finance and Economics
Griffith University
Queensland, AUS12.2022
Bachelor of Science (BSc) in Accountancy and Finance -
Plymouth University
Plymouth, UK08.2019
Higher Diploma in Business Accountancy -
The University of Kelaniya
Kelaniya, Sri Lanka12.2017
Skills
- Team Leadership
- Time Management
- Technical Proficiency
- Enterprise Risk Management
- Quality Assurance
- Report Writing
- Data Analytics
- Fraud Detection
- Financial Controls
Certification
- Certified Practicing Accountant (CPA) - Australia, Pending Certification
- Chartered Institute of Management Accountants (CIMA) - UK, Finalist
Skills And Professional Development - Software Skills
- Microsoft Excel -Pivot tables, loan amortizations, ARP analysis, Commands, etc. (advanced)
- Xero
- Sage
- SAP
- Oracle
- SQL
- Case ware Idea auditing tools
Extracurricular Activities
Community member of Sri Lankan Buddhist missionary Allan Grove Brisbane (Participated and was in the management committee of DESHABIMANI GEE concert held in Brisbane and supported many other community functions organized throughout the year) Professional Swimmer served as Captain of the school swimming team. Member of the Postgraduate student representative council at Griffith University (represented many board meetings to suggest recommendations for student life on campuses to increase student well-being where my name was noted on board minutes) Actively participated as a survey candidate for the AEC group survey research facility.
References
Available upon request.
References
References available upon request.
Timeline
Senior Internal Auditor
Bellingham Marine Industries Inc
07.2022 - Current
Assistant Manager Internal Audit
Ceylinco Insurance Corporation
03.2019 - 12.2021
Trainee Industrial Placement
Sampath Bank PLC
11.2017 - 03.2019
Trainee Business Finance
Ideal First choices (Pvt) Ltd
01.2016 - 11.2017
Master of Business Administration (MBA) - Finance and Economics
Griffith University
Bachelor of Science (BSc) in Accountancy and Finance -
Plymouth University
Higher Diploma in Business Accountancy -
The University of Kelaniya
- Certified Practicing Accountant (CPA) - Australia, Pending Certification
- Chartered Institute of Management Accountants (CIMA) - UK, Finalist
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