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Work Background
Singer Finance (Lanka) PLCHead of Treasury and Digital Transformation
Aug. 2019Colombo, Western Province, Sri LankaEminent Feats • Debentures were issued despite the lockdown, where the amount raised was LKR 1Bn without physical meetings & fully subscribed the issues. • First ever tier 2 capital was raised through a fully oversubscribed debenture despite the banks impact on their capital adequacy. • Gained significantly in 2023 by investing excess cash on high yielding investing options i.e. Bonds • Built up the banking facility from LKR 200 during my takeover to LKR 7Bn+ & increased available facility to LKR 5Bn & repaid loans obtained from the parent company & the group. JD • Established the Treasury Department in the company & introduced new revenue generating products & commenced operations aligning with the CBSL guidelines & requirements. • Identify, assess & develop strategies to manage the company’s financial risks effectively, including but not limited to foreign exchange, interest rate, liquidity, & counterparty risk. • Develop treasury review frameworks, methodologies to define & analyze problem statements, gap assessment, recommendation playbook & similar artefacts to scale-up best practice across the firm. • Arrange funds for the company operation through banks & other financial institutions by obtaining facilities at lowest borrowing rates via various debt instruments. • Ensure the Treasury function & other departments is continuously improving the processes via initiating new technology & conceptualizing novel ideas. • Develop the company’s cash management strategy including reviewing any country specific structures & make recommendations for future state. • Introduced Western Union operation & promote debit card, online banking among customers & enhanced incomes to the company. • Visit branches across the country & iron out issues in branch operations • Assist Head of Recoveries in managing arrears & visit customers with high arrears for settlement negotiations. Manage Fixed Deposit interest rates and guide FD marketing staff to canvass FD’s and Savings
Singer Finance (Lanka) PLCHead of Cards
Apr. 2016 - Jul. 2019Sri LankaEminent Feats • Built the credit card base to 26,000 cards within 2 years, which is the highest achieved in the financial industry & VISA Company in SL acknowledged that Singer cards was the fastest growing in year 2016/ 17 & maintained 2.4% NPL ratio (industry average - 6.0%). JD • Managed the portfolios & achieved set targets via client acquisitions & developing card sales/ operations, marketing activities/ promotions, credit underwriting/ recoveries, call centre operations & BU profitability as the Head of Cards.
Singer Sri Lanka PLCHead of Financial Services
Nov. 2015 - Mar. 2016Sri LankaEminent Feats • Within a short span turned around a declining business operation to profitable business entity. • Secured the prestigious ‘Singer Asia Presidents’ award in 2014 by Singer Asia Ltd. in recognition of the contribution, performance & leadership. JD • Managed the portfolios & achieved set targets via client acquisitions & developing card sales/ operations, marketing activities/ promotions, credit underwriting/ recoveries, call centre operations & BU profitability as the Head of Cards. • Functioned as the Core Team Member of the new ERP system implementation & planned/ executed marketing strategies to promote business & attain profitability. • Enhanced the collection process across a branch network of 400 & initiated new strategies to improve this business segment.
Singer Sri Lanka PLCHead of Treasury
Apr. 2004 - Oct. 2015Colombo, Sri Lanka• Collected remittances from 420 branches & monitored cash banking. • Responsible for all Treasury related GL entries, account reconciliations monitoring & recovery of returned cheques. • Assisted legal team in providing information on branch frauds & appear for court cases when necessary. • Prepped cash flows to determine the debt requirement & ensured availability of adequate liquidity for the business & obtained the first ever USD loan for Singer. • Introduced credit card machines to all branches (450 branches) & educated the staff pertaining to all aspects of the card operation & handled daily machine settlement.
Singer Sri Lanka PLCBudget Coordinator
Jan. 1998 - Mar. 2004Colombo, Western Province, Sri Lanka
Singer Sri Lanka PLCAccounts Assistant
May. 1994 - Dec. 1998Colombo, Western Province, Sri Lanka
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