Deputy General Manager – Finance

Job Description

Company: Lanka Sathosa Ltd
Location: Colombo, Sri Lanka
Industry: Retail, Government-Owned
Website: Lanka Sathosa

About Us:
Lanka Sathosa Ltd is Sri Lanka’s largest government-owned retail chain, committed to providing high-quality products at affordable prices to a broad consumer base. We serve as a platform for SMEs to sell their products seamlessly and connect farmers and traders with minimal restrictions. Our organization is driven by the highest integrity, supporting all stakeholders, including employees, to achieve their objectives.

Position: Deputy General Manager – Finance
Department: Finance

Job Role:

• Develop and implement financial strategies to enhance the financial performance and sustainability of Lanka Sathosa Ltd.
• 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 and financial arrangements.
• Ensure adherence to financial regulations, tax laws, and corporate governance requirements.
• Identify cost-saving opportunities and implement measures to reduce unnecessary expenditures.
• Oversee financial aspects of procurement and inventory management to prevent losses and inefficiencies.
• Strengthen internal financial controls and coordinate with internal/external auditors.
• Lead and mentor a team of Finance professionals to achieve organizational objectives.

Qualifications:
External Candidates: (1 or 2 below)

1. Bachelor’s Degree in Accountancy / Finance Management / Commerce recognized by the U.G.C. with a Postgraduate Degree (Masters) in the relevant field or Associate Membership of a recognized professional Chartered Institute relevant to the post.
   And
   Minimum of 15 years’ experience at a “Managerial Level,” with at least 05 years at a Senior Managerial Level in a Corporation, Statutory Board/Institution, or a reputed private institution.
2. Full Membership of a recognized professional body “Chartered Institute” relevant to the post.
   And
   Minimum of 15 years’ experience at a “Managerial Level,” with at least 05 years at a Senior Managerial Level in a Corporation, Statutory Board/Institution, or a reputed private institution.

Age: 35 to 60 years.

Salary & Other Allowances: Negotiable

Nature of Appointment: Two (02) years contract, subject to annual renewal, with eligibility for EPF and ETF.

The Ideal Candidate Should Also:

• Have experience in a reputed commercial or multinational organization in a similar capacity.
• Possess excellent analytical, problem-solving, and organizational skills.
• Demonstrate strong leadership qualities and interpersonal communication skills.
• Have good IT skills.
• Proven ability to lead and direct multi-disciplinary teams.

Additional Requirements:

• Must be a citizen of Sri Lanka.
• Physically and mentally fit to discharge the duties of the post.
• Of excellent moral character.

How to Apply:
If you meet the qualifications and experience, please submit your curriculum vitae with copies of certificates under registered cover within 10 days of this advertisement to the address below or email to vacancies@lanka.sathosa.org.

Address:
The Chairman,
Lanka Sathosa Limited,
No. 27, CWE Secretariat Building,
Vauxhall Street,
Colombo 02.

Note:

• Indicate the post applied for on the top left-hand corner of the envelope.
• Only shortlisted candidates will be contacted.

Join Lanka Sathosa Ltd and contribute to a legacy of integrity and excellence in retail!