Deputy General Manager – Finance
Job Description
Location: Colombo, Sri Lanka
Company: Lanka Sathosa Ltd
Type: Contract (2 years, subject to annual renewal)
About the Company:
Lanka Sathosa Ltd, Sri Lanka’s largest government-owned retail chain, is dedicated to providing high-quality products at affordable prices to a broad consumer base. The organization supports SMEs, connects farmers and traders, and operates with the highest integrity to achieve its objectives while fostering a culture of respect and support for all stakeholders.
Role Overview:
We are seeking a highly experienced and dynamic Deputy General Manager – Finance to lead and enhance the financial performance and sustainability of Lanka Sathosa Ltd. The ideal candidate will have a strong background in financial management, strategic planning, and team leadership.
Key Responsibilities:
- Develop and implement financial strategies to improve organizational performance.
- Oversee the preparation of annual budgets, financial forecasts, and cost-control measures.
- Ensure timely and accurate financial reporting in compliance with government regulations and internal policies.
- Monitor cash flow, optimize working capital, and manage banking relationships.
- Ensure adherence to financial regulations, tax laws, and corporate governance requirements.
- Identify and implement cost-saving opportunities to reduce unnecessary expenditures.
- Oversee financial aspects of procurement and inventory management to prevent losses.
- Strengthen internal financial controls and coordinate with internal/external auditors.
- Lead and mentor a team of finance professionals to achieve organizational goals.
Qualifications:
External Candidates (must meet one of the following):
- Bachelor’s Degree in Accountancy, Finance Management, or Commerce (recognized by the U.G.C.) with a Postgraduate Degree (Masters) in a relevant field or Associate Membership of a recognized professional Chartered Institute.
- Minimum of 15 years of managerial experience, including 5 years at a senior managerial level in a Corporation, Statutory Board, or reputed private institution.
- Full Membership of a recognized professional Chartered Institute relevant to the post.
- Minimum of 15 years of managerial experience, including 5 years at a senior managerial level in a Corporation, Statutory Board, or reputed private institution.
Age: 35 to 60 years.
Salary & Allowances: Negotiable
Nature of Appointment: 2-year contract, renewable annually, with eligibility for EPF and ETF.
Ideal Candidate Profile:
- Experience in a reputed commercial or multinational organization in a similar capacity.
- Excellent analytical, problem-solving, and organizational skills.
- Strong leadership qualities and interpersonal communication skills.
- Proficiency in IT and financial software.
- Proven ability to lead and direct multi-disciplinary teams.
Additional Requirements:
- Must be a citizen of Sri Lanka.
- Physically and mentally fit to perform the duties of the role.
- Possess excellent moral character.
How to Apply:
Interested candidates should submit their curriculum vitae with copies of certificates under registered cover within 10 days of this advertisement to:
The Chairman, Lanka Sathosa Limited, No. 27, CWE Secretariat Building, Vauxhall Street, Colombo 02.
OR email to: vacancies@lanka.sathosa.org
Please indicate the post applied for on the top left-hand corner of the envelope or in the email subject line.
Only shortlisted candidates will be contacted.
Join Lanka Sathosa Ltd and contribute to the financial success of Sri Lanka’s largest retail chain while supporting sustainable and inclusive growth!
