Niluka Jayasing

Managing Director

GBS PVT LTD • Full time

Aug 2020 - Present • 6 yrs 2 mos

Strategic Leadership & Vision • Develop and implement the company’s overall strategy and vision. • Identify new market opportunities, particularly in Australia, the US, and the UK. • Establish and monitor KPIs for different service divisions and ensure alignment with overall business objectives. Operational Oversight • Oversee day-to-day operations, ensuring quality, accuracy, and timeliness in bookkeeping and accounting deliverables. • Monitor key performance indicators (KPIs) for staff productivity, turnaround time, and client satisfaction. • Supervise client onboarding processes, project allocation, and workflow management across teams. Regulatory Compliance & Risk Management • Ensure compliance with international and local accounting standards (GAAP, IFRS, etc.). • Mitigate financial and operational risks through proper internal controls. • Maintain up-to-date policies for data security, confidentiality, and client information handling, in line with global best practices. • Collaborate with legal and compliance advisors to ensure all cross-border transactions and outsourcing arrangements meet client country-specific requirements. Business Development • Explore opportunities for service expansion and partnerships in new geographies or industries. • Develop proposals and pitch to prospective clients, showcasing the firm’s capabilities and success stories. • Identify opportunities for value-added services like financial analysis, tax planning, and virtual CFO services. • Develop proposals and pricing strategies to win outsourcing contracts from accounting firms abroad. • Represent the firm in networking events, industry seminars, and online platforms to attract new clients.

Senior Accountant

EY • Full time

Mar 2012 - Dec 2017 • 5 yrs 9 mos

Administration and Management Experience • Planning of assignments and ensuring completion within stipulated cost budgets & deadlines. • Preparation of management reports to board of directors of companies highlighting internal control weaknesses and inefficiencies along with professional recommendations supervising of the engagement team. • Motivating and guiding subordinates by encouraging them with work enthusiasm and technical assistance. • Delegating duties effectively after identifying each individual’s capabilities. • Co-operation with other departments of the company. Financial Reporting and Assurance Services • Preparation of financial statements including consolidation in accordance with Sri Lanka Accounting Standards (SLFRS/ LKAS) and assessing the impact on the International Financial Reporting Standards (IFRS/ IAS) • Analysing and implementing the effect on the revised SLFRS/LKAS and suggesting the areas on development in the Financial Reporting • Preparation of reports analyzing financial statements using various financial analyzing techniques and suggesting constructive ways to upgrade internal controls. • Reviewing organizational policies, procedures and existing systems control and perform system studies. • Detailed review of field work performed to assess the control environment prevailing in the client organisation and complex technical matters. • Direct communication with clients and partner regarding audit matters and resolving audit issues in a timely manner. • Drafting of the Management Letter and other relevant documents which relates to the business. Taxation • Computation of corporate taxation. • Verification, reconciliation and computation of Value Added Taxation in accordance with Inland Revenue Act of Sri Lanka. • Computation of miscellaneous taxes such as Economic Service Charge (ESC), Social Responsibility Levy (SRL), National Building Tax (NBT), Excise Duty, WHT and other taxes.