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Nilan Fonseka is a seasoned finance professional with extensive experience in accounting, financial analysis, and strategic planning. He has held various leadership roles, including Chief Financial Officer at FIT LTD and Billabong New Zealand, where he oversaw financial management, budgeting, and risk analysis. Nilan holds a Bachelor of Science degree in Accounting and Business/Management and is a Chartered Accountant (CA ANZ).

Experience

  • FIT LTD
    • Wellsford, Auckland, New Zealand
    • Chief Financial Officer
      • Oct 2019 - Present
      • Wellsford, Auckland, New Zealand

  • Tower Cranes NZ Ltd
    • Albany, Auckland
    • Chief Financial Officer
      • Jun 2019 - Sep 2019
      • Albany, Auckland

    • Financial Controller
      • 2017 - Jun 2019
      • Albany, Auckland

      Monthly Management AccountsBudgetsEmployment ContractsHealth and SafetyKPI's for staff - Sales - Accounts - WarehouseSet up a new warehouse in HamiltonCommunication with Auditors - BankWeekly management meetings with senior managersRegular communication with group CFO based in AustraliaRegular communication with Australian MDBuilding a team Changing company culture

  • Beattie Matheson Ltd
    • Auckland, New Zealand
    • CFO
      • Jul 2014 - Apr 2017
      • Auckland, New Zealand

      30 Hours a weekMonthly management accountsAll IRD returns - Australia GST returnsBudgetingForecastingPrepare board packAttend board meetingsDeveloped a H & S planLook after HR issuesKPI for admin, operations and sales staffMarketing budgetAttend sales meetingsLook after company ERP systemManage FXResolve any logistics issuesChanging company cultureHelp with succession plan

    • Co Owner
      • Feb 2011 - Apr 2017

      Communicate with IRDJob CostingPricingManagement Accounts, Budgets and Cash FlowsKPI'sGST,PAYE and company tax returnsHealth and Safety plan for the factoryEmployment Contracts

    • Finance Manager
      • Jun 2009 - Aug 2010

      Amalgamate the two accounting divisions (retail and wholesale)Consolidation of accounts - Retail Amazon, Billabong retail and Whole sale divisionResponsible for the annual financial reporting statements to conform to GAAP and IFRSFacilitate the unison of the retail division and the whole sale divisionResponsible for the monthly management pack comprising profit and loss statements, balance sheets, cash flow statements, working capital ratios and KPIs' to report to senior management in AustraliaAnalysing profitabilty of the retail division on a shop by shop basis for decision makingContinuous improvements to internal controls and processes to achieve efficienciesGood understanding of audit procedures. Communicate with the senior manager about internal controls, debtors, stock, margins, sales and fixed asset register.Discuss transfer pricing issues with PWCResponsible for annual and five year budgets. Strategic planning and risk analysis. Presentation of five year company strategy to GM AustraliaSWOT analysis

    • General Manager
      • Nov 2002 - May 2009

      Responsible for the setting up of the Billabong concept shop which included negotiating leases, shop fit-out, recruiting staff, setting up accounting and stock control systems.Setting up of an outlet shop in Albany.Managing customer relationships with retailers.Introduction , review and monitoring of performance plans(KPI) for staffPreparing proposals for Billabong board for the acquisition of Amazon retail chain and custom built new premises for the NZ operationIntroduction of KPI reportingSetting, negotiating and managing the annual budgeting process.Two monthly forecasts of the EBIT resultNew IT systemSetting up new employment contracts.Every year we achieved our budget target. (EBIT)Increased market share year on yearThe best performing company of the whole international group based on the ratio of net profits to sales

    • Finance Manager
      • Jul 2000 - Oct 2002

    • General Manager
      • Oct 1997 - Jun 2000

      Over all management of the companySales, HR, IT, logistics and warehousingAchieved budgets

    • Accountant
      • Aug 1990 - Sep 1997

      Overall responsibility for the entire accounting function.Introduce employment contracts to staff.Manage HR, IT, Logistics and warehousing.Growth in sales ten - fold from year 2000 to 2010.Negotiating sale of distributorships to Oakley USA and Billabong Australia.Introduction of KPI'sDevelop H & S planPaper prepared for the directors on Strategic planning & Risk Analysis

Education

  • 1982 - 1986
    California State University-Fresno
    Bachelor of Science (BSc), Accounting and Business/Management
  • 2004 -
    CA ANZ
    Chartered Accountant

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