Kumeil Munir

Supervised, reviewed and finalized assurance engagements and Tax assignments in accordance with International Standards on Auditing and local corporate and tax laws, respectively. Achievements • Performed the consolidation of more than 20 subsidiaries and first-time application of IFRS 2 for a shipping giant. • Performed the consolidation of various subsidiaries and application of IFRS 3 for one of the largest healthcare Company. • Played a pivotal role in the consolidation of subsidiaries, impairment of investment in subsidiaries and IFRS & US GAAP reconciliation for an MNC IT group. • Handled tax matters including appeals, tax notices and return filings of clients in the oil and gas sector, resulting in favorable orders at Commissioner and Tribunal level of up to PKR 100Mn

• Preparation and interpretation of standalone and consolidated management accounts as per IFRS. • Evaluating the financial impact of business decisions and forecasting what-if to determine profit and loss impact. • Involved in the management and preparation of the annual budget and cash flow forecasting. • Analyzed key performance indicators (KPI) and advised senior management on variances in financial projections. • Created business models to senior management in improving their business unit performance. • Liaising with the external and internal auditors. Achievements • Introduced the concept of dynamic dashboard reporting enabling an increase of 2% in the GP margin by identification of key performance indicators for all product. • Initiated the process of customer credit worthiness assessment and developed a system of credit extension, which resulted in reduction of loss by default by 20% amounting to annual savings of AED 2Mn. • Directed and managed the verification of the entire rental fleet of AED 11Mn, improving accuracy of reported numbers. • Identified and disposed-off idle vehicles at customer sites generating AED 600,000. • Reduced inventory levels by 20% and consequently obsolescence cost by 10%, by simplifying the reporting methodology. • Created the reporting mechanism of customer receivables, helping identify overdues resulting in reducing debtor collection days by 25% within a short span of 1 year. • Oversaw the implementation of a common reporting system for the entire group reducing result reporting time by 35% • Implemented an in-house VAT system, resulting in annual savings of AED 10,000 via reduced consultancy fee. • Led the implementation of SOP’s and manuals thereby strengthening the internal controls. • Implemented the Service Module of ERP Microsoft Dynamics Great Plains and was entrusted to lead as the super user.

• Executing the financial and business strategy of the Company as the Head of Finance. • Preparation and interpretation of management/corporate accounts, reports, budgets, projections & commentaries. • Conducting reviews and evaluations for cost-reduction opportunities and ensuring their implementation. • Development and implementation of key performance indicators (KPI) and financial models for the business units. • Preparation of feasibility studies and investment appraisals for cost saving initiatives and expansion plans. • Monitor and support VAT related tasks to ensure compliance with laws. • Analyzing financial & non-financial data and making recommendations to the Board of Directors for effective decisions. • Responsible for driving efficiencies in the overall operating working capital of the business. Achievements • Successfully re-negotiated contracts with suppliers, consultants and advisors saving AED 2 million annually. • Identified and implemented cost saving opportunities by rationalization of office space, saving AED 400,000 annually. • Influenced the Board’s decision of shifting to purchase of servers, generating additional yearly revenue of AED 200,000. • Restructured and re-aligned the Company’s human resources with existing requirements saving AED 220,000 annually • Spearheaded profitability analysis of products, resulting in an increase in revenue by 8%. • Revamped Data Center costing methodology based on consumption, resulting cost saving by 7%. • Implemented an in-house VAT system, resulting in annual savings of AED 55,000 via reduced consultancy fee.