Accounts Payable Financial Officer

Dheeraj Kumar - CA and MBA

Mobile: +***; ********1; +91-971*******

**************@*****.*** Riyadh, Saudi Arabia

CHIEF FINANCIAL OFFICER – MULTINATIONAL QSR AND MANUFACTURING Strategic leader and exceptional developer of highly effec- tive finance organizations with extensive global experience and high-level expertise in Global Market. Holistic approach to integrating strategy, operations, purchases, inventory and finance.

Highly experienced in planning, implementing, and building financial health of the organization for over one and half dec- ade. Excellent experience in handling the entire financial ac- tivities of the organization and guiding the finance team. Out- standing leadership and demonstrated track record of im- proving financial performance of the organization, optimize productivity, and internal control.

Revenue and operating income catalyst skilled in identifying inefficiencies within financial and operational processes. Suc- cess in growth-oriented and turnaround situations, drives and set-up of effective internal control processes for control- ling various leakages related to inventory, cash, assets etc… Expert knowledge of international business innovative prob- lem solver who understands business beyond just the num- bers and ensures business growth in challenging and emerg- ing markets. Expert-level M&A strategist.

Management of finance, accounts and treasury for multi- billion corporations across KSA, Middle East, Europe etc... and drive organizational & profit growth; successful in identi- fying the areas of improvement and boosting efficiencies & financial excellence that lead to strong bottom line result. PROFESSIONAL EXPERIENCE

DUNKIN DONUTS AND OTHER COMPANIES OF GROUP EMEA 7/2018 – Present A leading sole franchise of Dunkin Brand for Saudi Arabia, Bahrain, Germany and Spain with 800+ stores globally with the total revenue more than $500M/SAR1.8 billion for Dunkin and more 4 billion for other companies Globally with the head office in Riyadh, Saudi Arabia and other companies in Facilities Management and Constructions(Al Qussie), Logistics (SMSA), Healthcare, Private Equity and fintech, Constructions, and Pharmaceutical manufacturing and other Group Companies. Chief Financial Officer, Global Finance

• Recruited to create the robust financial and accounting processes and reporting with scalability for organization with diverse socio-geographic environment of the companies to deliver the monthly financials by 10th of next month which was being submitted minimum 120 days after month closes.

• Report to CEO and Chairman to managed 45-person team of Dunkin and 75-person other companies in financials planning, budgeting, M&A activity, accounting, reporting. Re-engineered the department to reduce the workload by 30% and headcount by 20%.

• Strategic leader and exceptional developer,

• Revenue and operating income catalyst,

• Expert knowledge of international business,

• Extensive knowledge of Accounting and Finance

• Operations and General Management

• Management of multi-billion P&L,

• Finance and Operations Integrations,

• Strategic Planning and Executions,

• Change Management,

• Profitability and EBIT Growth,

• Financial Leadership and Team Building,

• Budgeting forecast and Ad hoc analysis,

• Financial Analysis and Projections,

• Risk Management and decision making,

• Global Financial Planning and Analysis,

• Merger and Acquisitions,

• Organizational Re-engineering,

• Extensive finance leadership,

• Internal controls and Audit,

• IFRS Implementations,

• Expert in Taxation – Zakat, Corporate Tax, Value Added Tax and Transfer Pricing, etc..

• High Performance Team Building,

• Fund Raising and Hedging of Fund,

• IPO Listing,

• Treasury

• Transfer Pricing,

• Turnaround in business by cost savings and process im- provements

• Group Multi billion investment portfolio

Management

Dheeraj Kumar, MBA – page 2 Mobile: +966-*********; +91-971******* **************@*****.***

• Formation and Implementation of various Finance policies including implementation of IFRS and other strategies.

• Rebuilt integrity of financial reports by improving processes to develop more accurate financial information for deci- sion making for various stakeholders.

• Finalization and Consolidation of financials, Project Reporting and MIS of various locations/ Businesses on Monthly, Quarterly and Yearly basis of various countries.

• Effective management of cash flow for meeting present and future fund requirement as per business plan.

• Set-up of effective inventory management system to reduce expiry, wastages and leakages in all stores, warehouses and productions Globally. Reduced obsolescence risk of SAR 10M through weekly meeting to launch offers.

• Streamline of Purchase department with the right recruitment and reduction of local purchase price by 10%-15%.

• Serve as a financial consultant of shareholders for their personal investment and formalized the legal agreement.

• Developed European Legal, Accounting, Tax and Treasury Team, creating structured process to work with Saudi Ara- bia headquarters and expand technical expertise; leveraged team to borrow $100M External Commercial Intercom- pany facilities for acquisitions of Germany and Spain Franchise and over 1.5bnns from banks for rapid expansions.

• Performed value added analysis on risks and opportunities and presented options to management to make informed decisions that delivered revenue and profit through GAP and SWOT Analysis.

• Partnered with Management and report to GM and CEO, Business Planning & Analysis to develop yearly, quarterly and monthly budgets for organization’s SAR 1.5bns operating plan and budget. Develop annual operating plan presentations.

• Successful implementation of IFRS and Compliance with Zakat, VAT, Transfer pricing and other requirements as per Saudi Law

• Model wise Contribution & Profitability Analysis by identifying Variable Cost, Fixed Cost, allocating Direct Cost & ap- portioning Indirect Cost for optimization of cost and also for calculating department wise profitability.

• Group Multi billion investment portfolio management

• Analyze capacity utilization by Dr. & by Depts. by applying - cost analysis for increasing the hospital profitability and operational performance of the Olaya Medical centre and Wurud Medical Centre and other Group Hospitals.

• Analyze and reduce the rejection /collection trend by each insurance company to measure the performance of re- jection team, billing accuracy and to support operational activities of cash flow Major Achievements – Apart from Rebuilding the integrity of finance department o Accelerate the growth by multifold of Dunkin from 350 Stores to 650 in just 4 years and acquire other countries. o Build a bidding tool in Al Qussie for optimizing the pricing for facility management bids and improve profitability. o Arrangement of over 1.5bns funds for accelerating the growth of multiple businesses of groups. o Introduction of Various Sales Aggregators like Hunger Station, Jahez, etc… which has significantly increase the sales. o Delivered senior thought of leadership initiates for saving that spanned all global operations; attained $20M/SAR 75M in identified direct and indirect saving by setting up effective internal controls and removal of all leakages of cash and inventory and also saving of various financial charges o Successful implementation of all modules of Microsoft Dynamics within 6 months which was in process for 3+ years. o Listing to IPO

MAESTRO PIZZA Riyadh, Saudi Arabia 7/2016 – 6/2018 A leading QSR of Pizza with more than 180+ stores in Saudi Arabia with the total revenue of $107M/SAR 400M with the head office in Riyadh, Saudi Arabia.

Financial Controller, Saudi Arabia

• Selected as Head of Finance for a strategic role of streamlining the financial and accounting processes and reporting of the company to deliver the monthly financials by 7th of next month which was being submitted minimum 90 days after month closes.

• Reports to CEO and managed team of more than 15-persons and financial operations for organization for Saudi Arabia. Restructured accounting and finance team, creating efficiencies and segregation of duties; right-sized department and communicated vision to staff, enabling financial improvement and timeliness. Dheeraj Kumar, MBA – page 3 Mobile: +966; 593771661; +91-971******* **************@*****.***

• Rebuilt integrity of financial reports by improving processes to develop more accurate financial information for deci- sion making for various stakeholders.

• Developed processes and systems to allow for the majority of the Finance & Administration function to be central- ized from our Head office in Riyadh.

• Finalization and Consolidation of financials, Project Reporting and MIS of various locations/ Businesses on Monthly, Quarterly and Yearly basis of various countries.

• Managed the cash flow in very effective manner to save the interest cost for more than SAR 1.5M and streamlined cash collections and Accounts Payable.

• Successful implementation of various Modules of Oracle with the automation of accounting of Sales and Purchases

• Formation of various policies and ensures strict adherence of it.

• Defining KPI of business and department. Set-up of budget of organization’s SAR 400M operating plan and budget for ensuring strict adherence to it for achieving desired saving of 10%.

• Performed value added analysis on risks and opportunities and presented options to management to make informed decisions that delivered revenue and profit through GAP and SWOT Analysis.

• Reduced obsolescence risk of SAR 10M through weekly meeting to launch new offers for liquidation thereof.

• Successful implementation of IFRS and Compliance with Zakat, VAT, Transfer pricing and other requirements as per Saudi Law.

• Model wise Contribution & Profitability Analysis by identifying Variable Cost, Fixed Cost, allocating Direct Cost & ap- portioning Indirect Cost for optimization of cost and also for calculating department wise profitability.

• Effective management of cash flow for meeting present and future fund requirement as per business plan.

• Introduction of Various Sales Aggregators like Hunger Station, Jahez, etc… which has significantly increase the sales.

• Preparation of listing to IPO

Major Achievements – Apart from Rebuilding the integrity of finance department o Accelerate the growth by multifold of Maestro Pizza from 80 Stores to 180 in just 2 years o Arrangement of over 200mns funds for accelerating the growth of multiple businesses of groups. o Introduction of Various Sales Aggregators like Hunger Station, Jahez, etc… which has significantly increase the sales. o Delivered senior thought of leadership initiates for saving and implementation of KPI; attained 25MSAR in identified direct and indirect saving by setting up effective internal controls and removal of all leakages of cash and inventory and also saving of various financial charges.

AFRICAN INDUSTRIES GROUP Romania, Dubai, India and Nigeria 6/2013 – 6/2016 An Indian Group having diversified huge investment in Nigeria, Europe and involve in Power Sector, trading, Manufacturing of Steel, chemicals, tiles, pavements, Shipping and Construction Company, Automobile and Agriculture etc. Financial Controller, Romania, Dubai, India and Nigeria

• Designated as Financial Controller for Romanian, Dubai, India and Nigerian companies to assist Group CFO, CEO and Chairman to deliver the financial/accounting services for Legal Entity, ensuring that all accounting procedures and system are fully aligned.

• Formation of organizational KPI and budgets and ensures that are met with financial planning and targets. Overall control over of all financial analysis and all financials transactions.

• Managed team of 45+ direct/ indirect reports and financial operation for organizations with over $1.5B in revenue.

• Work with management to grow the business and formulating plans lead and manage finance team produce and managed budgets etc.,

• Rebuilt integrity of financial reports by improving processes to develop more accurate financial information for deci- sion making for various stakeholders.

• Developed processes and systems to allow for the majority of the Finance & Administration function to be central- ized from our Head office in Riyadh.

• Listing to IPO

Dheeraj Kumar, MBA – page 4 Mobile: +966; 593771661; +91-971******* **************@*****.***

• Formation and Implementation of various Finance policies including implementation of IFRS and other controlling strategies.

• Finalization and Consolidation of financials, Project Reporting and MIS of various locations/ Businesses on Monthly, Quarterly and Yearly basis of various countries.

• Finalization and Consolidation of financials, Project Reporting and MIS of various locations/ Businesses on Monthly, Quarterly and Yearly basis of various countries.

• Efficient Management of cash flow for saving interest cost & foreign currency fund hedging with a total saving of $2M. Effective management of cash flow for meeting present and future fund requirement as per business plan.

• Successful Implementation of Microsoft Navision. Major Achievements – Apart from Rebuilding the integrity of finance department o Successfully acquired the Pavement brick plant in Nigeria for 228mns USD, 4300-hectare land for Agriculture and New Holland tractor sole dealership for Romania.

o Managed all financial aspects of the African Industries where we successfully raised $450M funding for severe projects and were significantly sufficient.

o Efficient Management of cash flow for saving interest cost & foreign currency fund hedging with total saving of $5M. o Delivered senior thought of leadership initiates for saving and implementation of KPI; attained 25MSAR in identified direct and indirect saving by setting up effective internal controls and removal of all leakages of cash and inventory and also saving of various financial charges.

CTS CORPORATIONS Gurgaon-Haryana, India 10/2010 – 6/2013 A leading US manufacturing of Automotive sensors with the turnover of $146M with clientele of all leading car manufactured Globally.

Head – Finance and Accounts

• Selected to set-up the internal Finance Department with a robust reporting system to assist the Group CFO based in NY for complying with NY stock exchange and SOX Audits.

• Defining KPI of business and department. Set-up of budget of organization’s $50M operating plan and budget for ensuring strict adherence to it.

• Rebuilt integrity of financial reports by improving processes to develop more accurate financial information for deci- sion making for various stakeholders.

• Developed processes and systems to allow for the majority of the Finance & Administration function to be central- ized from our Head office in Riyadh.

• Formation and Implementation of various Finance policies including implementation of IFRS and other controlling strategies.

• Effective management of cash flow for meeting present and future fund requirement as per business plan.

• Finalization and Consolidation of financials, Project Reporting and MIS of various locations/ Businesses on Monthly, Quarterly and Yearly basis of various countries.

• Adherence of statutory compliance such as ROC, RBI reporting and preparation of various returns like Tds, Service Tax, Pf return, Sales Tax return of Delhi, Haryana and West Bengal and Excise return.

• Preparation & Analysis of various Financial Planning & Budgeting and cost related reports for top management. Major Achievements – Apart from Rebuilding the integrity of finance department o Set-up of in house finance and other shared services departments o Successful arrangement of Export and Import License, EPCG license for promoting Global export to all major car manufacturer due to which increase the sales by 5X. o Efficient Management of cash flow for saving interest cost & foreign currency fund hedging with total saving of $1M. Dheeraj Kumar, MBA – page 5 Mobile: +966; 593771661; +91-971******* **************@*****.*** CONFEDERATION OF INDIAN INDUSTRIES (CII) New Delhi, India 1/2006 – 9/2010 The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the growth of industry in India, partnering industry and government alike through advisory and consultative processes. Manager – Finance and Accounts

• Recruited to streamlining the financial and accounting processes and reporting of the company to deliver the finan- cials timely on monthly, quarterly and yearly basis.

• Preparation and finalization of financials, Project details, MIS, financial Planning, budget and its implementation and variance analysis of more than 120 offices Globally.

• Adherence of statutory compliance such as ROC, RBI reporting and preparation of various returns like Tds, Service Tax, Pf return, Sales Tax return of Delhi, Haryana and West Bengal and Excise return.

• Ensuring the procedures for arrangement of credit limits, stock credit, working capital loan and business financing.

• Assist CFO in preparations of model wise Contribution & Profitability Analysis by identifying Variable Cost, Fixed Cost, allocating Direct Cost & apportioning Indirect Cost for optimization of cost and also for calculating department wise profitability.

Major Achievements – Apart from Rebuilding the integrity of finance department o Set-up of inhouse MIS system which were previously handled by Boston Consulting Group for all 120 countries o Managed all financial aspects of the CII where we successfully raised INR 7,000 million annually from Govt. of India in terms of grant and from bankers INR 500 million from banks for working capital. o Implementation of Microsoft Dynamics

DINESH GUPTA & COMPANY New Delhi, India 7/2004 – 12/2005 Dinesh Gupta & Company is a Chartered Accountant Company provide assistance in Accounting, Finance, Taxation and various other services to its diversified clientele.

Senior Executive – Finance and Accounts (7/2005 – 12/2005) Accountant (7/2004 – 7/2005)

• Finalization of Accounts of Dinesh Gupta and Company and various other client on monthly, quarterly, and yearly basis.

• Statutory Audits, Internal Audit, Sales Tax Audit, Various Tax Audit and Sox Audit.

• Adherence of statutory compliance such as ROC, RBI reporting and preparation of various returns like Tds, Service Tax, Pf return, Sales Tax return of Delhi, Haryana and West Bengal and Excise return.

• Formation of new companies, registrations of VAT, Service Tax, Excise, Export-Import license, PAN, TIN etc.

• Preparation & Analysis of various Financial Planning & Budgeting and cost related reports for top management. Major Projects handled in Dinesh Gupta & Company

• Rambol Telecommunication Ltd. - Statutory Audit and Transfer Pricing

• Golden Textiles Mills Ltd.- Statutory Audit

• Multivac Pvt. Ltd. – Internal Audit

• Supreme Court Bar Association – Statutory, Library Audit

• Milliman India Ltd. – Preparation & Finalization of Accounts, Sales Tax, Service Tax, Excise, Tds, Payroll, Liaising with RBI & ROC and Auditors Annual Return

• Rockland Hospital – Internal Audit

• Dinesh Gupta & Co. - Preparation & Finalization of Accounts, Service Tax Return, Tds Return, Liaising with ROC and Auditors, Annual Return and Transfer Pricing.

Dheeraj Kumar, MBA – page 5 Mobile: +966; 593771661; +91-971******* **************@*****.***

• Vishal Malhotra & Co. - Preparation & Finalization of Accounts, Accounts Payable, Accounts Receivable, Service Tax Return, Tds Return, liaising with ROC and Auditors, Annual Return, Transfer Pricing.

• Akshya Estate Pvt. Ltd. – Finalization of Accounts, Accounts Payable, Accounts Receivable, Service Tax & Tds Return, Payroll, Liaising with ROC and Auditors, Annual etc., PERSONAL DETAILS

Education

• MBA Finance from Symbiosis in 2009.

• Chartered Accountant from ICAI in 2008.

• Bachelor in Commerce from Delhi University in 2007.

• IT Couse from ICAI in 2008.

• IFRS Certification from ICWA in 2014.

System and Skills

• Microsoft Dynamic (ERP) from CII and Dunkin Donuts.

• Microsoft Navision (DMSERP), Cognos and Hyperion Training from CTS

• SAP and Saga Software (ERP) Training from African Industries in Romania,

• Oracle training from Maestro Pizza in Saudi Arabia. Profile URL

• https://www.linkedin.com/in/dheeraj-kumar-ca-mba-i-cfo-corporate-governance-i-business-transformation- 25687a19/

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