Gunjan Kumar

Overall responsibility of financial management, treasury, funding, banking and corporate finance with following key responsibilities:

• Arrange necessary funding (term loan and working capital loan) to support business operation.
• Lead all negotiations related to debt restructuring, rescheduling and deferment.
• Manage treasury function and banking relationship of the group.
• Implement financial strategy of the group and lead financial planning and budget exercise.
• Manage all matters of corporate finance - acquisition, divestment, capital expenditure, etc.
• Manage liquidity and cash flow of the group.
• Responsible for monthly, quarterly, annual MIS and other ad-hoc reporting.
• Manage Group external audit and ensure audit is completed on time and within budget.
• Responsible for risk management related to liquidity, interest rate, foreign exchange, etc.
• Ensure compliance with financial policy, procedure, delegation of authority (DoA), UAE laws.

A progressive career of little over seven and half years with the Group, with multiple responsibilities related to financial management, financial planning, funding and debt restructuring, treasury operations, cashflow management, corporate finance, fraud investigation, internal audit, compliance and governance. Some of my key responsibilities were as follows:

• Development and implement Group Financial Strategy with strong focus on financial planning, financial transformation, debt management and business growth.
• Provide strategic direction and financial transformation across business units for performance improvement and cost optimization.
• Responsible of the treasury and banking function of the Group while maintaining close relationships with banks for fast resolution of issues.
• Manage debt restructuring and fund raising while leading working capital and project funding as well as all debt related negotiations with banks.
• Manage matters related to corporate finance including property, business acquisition, divestment transaction across the Group.
• Monitor group wide cash flow and identify cash pressure points and present recommendation to ensure sufficient liquidity to meet challenges.
• Create action plan for financial turnaround, right capital structure, balance sheet, operational alignment, internal control issues.
• Assist business units in management of risks such as liquidity, interest rate, foreign exchange, default risk, commodity risk, concentration risk, credit risk, and fraud risk.

Some of my main responsibilities were as follows:

• Manage a team of internal auditors to ensure seamless implementation of audit plans and set objectives.
• Work closely with Audit Committee and senior management to establish a strong internal audit function.
• Define the scope of the Audit, the expectation of the Audit Committee, executive management and the timeline of the audit process.
• Perform internal control review, risk assessment and review of critical process for improvement.
• Coordinate with management on audit findings such as cases of misinformation and suspicious transactions in a quick and decisive manner.
• Create various reports such as internal audit reports, summary report as well as detailed report highlighting findings, their impact, corrective actions required and the timeline for implementation.

Some of my main responsibilities were as follows:
• Manage internal auditing of Tameer’s real estate development project, contracts, bidding & tendering process, including the estimation process and project management.
• Develop risk-based audit plan, audit program and carry out fieldwork to achieve audit objectives.
• Perform audit assignments including testing of internal controls, analytical review and substantive testing.
• Carry out audit fieldwork, conduct team meetings, and maintain a timely management reporting.
• Communicate audit findings, ensure agreement on the action plan and review implementation of agreed action.

Some of my main responsibilities were as follows:
• Manage audit assignments including all aspects related to audit planning, risk assessment, time budgeting, and audit programs.
• Oversee compliance of all internal and external processes thereby evaluating compliance risks and effectively resolved them.
• Carry out internal audits, physical verifications, spot checks and other field work.
• Discuss audit findings and suggest corrective or risk-based preventative actions, whenever required.

Job highlight includes:
• Acquire extensive knowledge and understanding in the areas of strategic financial management, corporate finance, capital markets, portfolio management, treasury and banking, management accounting, financial risk management and financial governance.

Some of my main responsibilities were as follows:
• Manage internal audit, statutory audit, and tax audit assignments of large and medium companies.
• Perform tax planning, business advisory and project proposals for individuals and companies.
• Develop comprehensive project proposals for auditing services in accordance with the client’s requirements.

KEY ACCOMPLISHMENTS
•Raised term loan and project funding of AED 2 billion from local and regional banks.
•Managed debt restructuring of AED 3 billion with UAE based banks and international banks.
•Raised working capital funding of AED 400 million to support business operation and growth.
•Managed secondary market buyback of syndicated exposure of AED 300m with AED 23m discount.
•Negotiated and concluded interest rate hedge of AED 2 billion and saved negative cost.
•Structured and concluded acquisition of equity and property of AED 600m.
•Achieved divestment of real estate, listed shares and companies of value over AED 400m.
•Managed business transformation and turnaround of loss-making entities.
•Successfully implemented and monitored financial oversight, reporting and governance across Group entities.
•Detected financial fraud and identified potential fraudulent transactions.
•Established internal audit department in large and diversified local groups.