KOSALA GALKOTUWA

Senior Accountant (Head of Department- Sri Lanka) at UTRACON Group
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Contact Information
us****@****om
(386) 825-5501
Location
Colombo, Western Province, Sri Lanka, LK

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Udara Abeysekara

Kosala is someone who thrives to excel in his work and believes in team work with an innovative mindset. He has been in my team for over 04 years, being a critical member in the Finance department in Utrocon Overseas PVT Ltd. He is a very confident and vocal individual in discussions who is able to convey his point of view for the benefit of the discussion. His creativity and out of the box thinking has helped the department to drive various initiatives and system modifications within the company. He is best at managing stakeholders and he has never been hesitant to deal with external parties to resolve issues. He is well organized, diligent, and a fast learner. Being a fast learner helped him understand the end to end Financial Reporting/ Management processes and to take up new tasks with his role. As a result he was promoted as an Assistant Accountant through which he was further exposed to project accounting, costing and management accounting aspects as well. I would highly recommend Kosala to any potential employer as I am sure that he will do well in any role he is required to perform in the future. Wishing you best of luck!!.

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Experience

    • Singapore
    • Construction
    • 100 - 200 Employee
    • Senior Accountant (Head of Department- Sri Lanka)
      • Feb 2023 - Present

      • Prepare, analyze, and present monthly management account statements, including income statements, balance sheets, and work in progress.• Conduct variance analysis to identify trends, risks, and opportunities within the financial data.• Collaborate with top management to develop and manage annual budgets.• Provide forecasts and financial projections to support decision-making and resource allocation.• Monitor project costs, including materials, labor, and overhead expenses.• Implement cost-saving strategies and recommend process improvements.• Coordinate with external tax advisors, tax department to optimize tax strategies.• Handling all Tax related matters for SSCL, WHT, CIT etc.• Oversee project accounting activities, including tracking costs, revenues, and profitability for individual construction projects.• Provide project managers with financial insights to support project execution.• Monitor cash flow, manage working capital, and ensure adequate funds are available for ongoing operations and projects.• Logistics and Supply Chain Management.• Warehouse & Inventory Management. • Collaborate with internal and external auditors to facilitate financial audits and ensure compliance with industry and regulatory standards.• Provide guidance and mentorship to junior accounting staff.• Conduct training sessions on construction industry accounting principles and best practices.• Manage and lead a team of finance professionals, providing guidance, mentorship, and professional development opportunities.• Foster a culture of accountability, transparency, and excellence within the finance department.• Interface with internal and external stakeholders, including top management, executives, auditors, tax department and financial institutions.• Build and maintain strong relationships to facilitate effective communication and collaboration. Show less

    • Accountant
      • Apr 2021 - May 2023

      • Prepare and present monthly management account statements, including income statements, balance sheets, and work in progress.• Record and maintain accurate and up-to-date entries in the general ledger.• Reconcile accounts, including bank statements, accounts payable, and receivables.• Process invoices, track expenses, and manage payments to suppliers, subcontractors, and vendors.• Monitor and follow up on receivables to ensure timely payments from clients.• Review and process expense reports, ensuring compliance with company policies.• Analyze expenses for accuracy and reasonableness.• Maintain organized and comprehensive financial records, including contracts, invoices, receipts, and purchase orders.• Logistics and Supply Chain Management • Warehouse & Inventory Management. • Assist in cash forecasting and fund management.• Provide accurate and timely financial information to support decision-making.• Ensure compliance with relevant accounting standards, tax regulations, and industry-specific guidelines for construction companies.• Handling all Tax related matters for VAT, SVAT etc.• Collaborate with management in the preparation and monitoring of budgets and financial forecasts.• Conduct ad hoc financial analysis to support various business initiatives and projects. Show less

    • Assistant Accountant
      • Jun 2017 - Apr 2021

      • Record and maintain accurate and up-to-date entries in the general ledger.• Reconcile accounts, including bank statements, accounts payable, and receivables.• Assist in processing invoices, tracking expenses, and managing payments to suppliers, subcontractors, and vendors.• Assist in monitoring and following up on receivables to ensure timely payments from clients.• Review and process expense reports, ensuring compliance with company policies.• Analyze expenses for accuracy and reasonableness.• Maintain organized and comprehensive financial records, including contracts, invoices, receipts, and purchase orders.• Logistics and Supply Chain Management • Warehouse & Inventory Management.• Monitor cash flow, reconcile bank statements, and manage petty cash.• Generate and distribute financial reports, including profit and loss statements, balance sheets.• Ensure compliance with relevant accounting standards, tax regulations, and industry-specific guidelines for construction companies.• Handling all Tax related matters for VAT, SVAT, WHT etc. Show less

    • United Arab Emirates
    • Food and Beverage Services
    • 700 & Above Employee
    • General Accountant
      • Jun 2014 - Mar 2017

    • Switzerland
    • Retail Apparel and Fashion
    • 700 & Above Employee
    • Finance Executive
      • Apr 2013 - Jun 2014

    • Sri Lanka
    • Consumer Services
    • 500 - 600 Employee
    • Accounts Assistant
      • Jul 2011 - Apr 2013

    • Account Assistant
      • Dec 2007 - Feb 2010

Education

  • University of Sri Jayewardenepura
    Bachelor of Science (BSc), Business Administration (General)
    2007 - 2011
  • AAT Sri Lanka
    MAAT, Accounting and Finance
  • The Institute of Chartered Professional Managers of Sri Lanka
    ACPM, Business Administration, Management and Operations
  • Institute of Certified Management Accountants of Sri lanka (CMA)
    Part Qualified ( Intermediate Level), Management Accounting
  • Institute of Chartered Accountants of Sri Lanka
    Part Qualified (Intermediate Level), Accounting and Finance

Community

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