1. Anil Kumar Karnawat
~Contact: +96892550583 / +968 24787981 ~E-Mail: karnawat@hotmail.com/akarnawat@gmail.com
Finance Professional/Internal Auditor
Finance & Accounts | Audit | Investment Management
Versatile, high-energy professional, successful in achieving business growth objectives within turnaround & rapid changing
environment with good analytical and leadership skills
PROFILE SUMMARY
 Performance-driven Professional with over 2 decades of experience in:
~Finance & Accounts ~Internal Audit - MIS Management
~Liaising & Coordination ~Team Management ~Documentation & Reporting
~Treasury Operations ~Investment Management
 Expertise in planning and executing monthly / quarterly / annual closure schedules; providing monthly financial
statements; administering the monthly closing process
 Expertise in Short Term Export credit Insurance Business, reinsurance and claim procedures.
 Experienced in working with the various departmental heads in the preparation of annual budgets, monthly forecasts, and
strategic plans
 Skilled in preparing and explaining weekly profit & loss projections; establishing product line profit & loss statements for
identifying opportunities and risks
 Capable of reviewing financial results; undertaking year-on-year and quarterly comparison of company performance both
in terms of the top line and bottom line
 Competent in reviewing compliance with accounting standards; building a culture of quality for the audit team; ensuring
that audit documentation is in compliance with quality standards of the firm
 Proficient in leading multiple audit assignments and monitoring progress of engagements with different clients
 Excellent interpersonal & communication skills with strong abilities in client relationship management
ORGANIZATIONAL EXPERIENCE
Feb’96-till date with Export Credit Guarantee Agency of Oman SAOC (till 30th June 2002 part of Oman Development
Bank)
Export Credit Guarantee Agency became separate company with effect from 30th June 2002. Presently owned by the Ministry of
Finance, Oman
Growth Path:
Feb’96-Jun’02 as Chief Accountant
Jun’02-Dec’08 as Head of Finance
Jan’09-till date as Internal Auditor (Operation and Administration)/Head of Finance
Key Result Areas
Accounts and Finance
 Responsible of all aspects of finance, accounting and cost control in the
business.
 Providing financial, commercial and strategic support to the business.
 Providing effective financial leadership to finance team and also provide
knowledgeable and accurate information to colleagues and senior
management.
 A member of the Audit Committee of the Board and responsible of
preparing and finalizing Financial Statement as per IFRS and
International Accounting Standard and presenting the financial reports
to the board members.
 Managing all the bank negotiations, facilities and guarantees and
maintaining good banking relations. Effectively handle Oman
Development Bank whole treasury function in 2001 and 2002 and
coordinating with Ministry of Finance and Central Bank of Oman for
certificate of deposit, government development bonds, interest free government finances to private sectors

2.  Conducted monthly investment analysis and preparing investment proposals for investments in shares and bonds,
reviewing the initial public offerings and existing listing company’s financial statements and calculating the monthly return
of the investment portfolio using Time Weighted Rate Return technique
 Approving and planning implementation of new technology applications and tools.
 Creating, reviewing and updating company's policies, IT securities policies and procedures.
 Handling the audits both State (Govt.) and external.
 Involved in Business Planning, & Cash Flow planning.
 Participated in acquisition processes and preparing the required reports.
 Reviewing new & existing business models and capital appropriation requests.
 Identifying and developing controls and processes to ensure all risks and opportunities are highlighted.
 Ensuring internal satisfaction and cost effectiveness of departments in terms of quality and timely delivery of services.
 Prepared corporate of tax returns as per Oman Tax Law, did research on various tax matters, and filed all tax returns timely
and accurately by collecting all the information
 Entrusted with the responsibility of managing information system; actively involved in preparation and compilations of
yearly budget.
Internal Audit
 Entrusted with the responsibility of preparation and implementation of internal audit program and guidelines as well as
accounting & operation manual
 Carrying out real time audit also audit of post shipment finance provided to exporter by commercial banks
 Involved in appraising various contracts and advising accordingly to the management
 Verifying insurance claim (export credit policy) and advising accordingly to the Board of Directors also ensuring compliance
with various laws, rules, regulation and standard practice
Others
 Liaising with systemsoftware consultantfor accountingas well asinsurance(main activity) software OracleV7/V8 baseand form
6, OracleV11G) in designingaccountingpackage,insurance,reinsurance,claimmodule, payroll,assets and various management
information reports and automation of various functions.
 Coordinating with administration department for salary, staff housing loan, insurance, and other related works
 Conducting appraisal and monitoring overseas buyers for sanctioning credit limits; reviewing reinsurance arrangements
 Functioning as a part of Building management Committee for New office building
 Creating, reviewing and updating company's policies, procedures, IT securities Policies, Disaster Recovery Plan etc.
 Updating ECGA’s operation manual, accounting manual, staff regulation booklet and conducting regular in-house training for
junior staff.
Highlights:
 Exhibited efficiency in timely completion and with 5% saving in budget ECGA new Headquarter Building (US$ 8
million) with green concept and rented out before completion
 Bagged award for continuous, loyal and conscientious service with Export Credit Guarantee Agency Oman in 2006
 Played key role in investment planning and analysis, preparation of company’s yearly budget for revenue, expenses and
capital expenses, designing and implementation of Oracle base software, member of staff committee, associates staff
trainings (Omani), and secretary to Internal Audit Committee
 Recognized for developing strong internal control over the years of operation which was appreciated by all major external
auditors such as PricewaterHouseCoopers, Delloite, KPMG, Moore Stephens and Talal Abu Gazaleh International
 Acknowledged for ECGA investment by benchmark index (Muscat Securities Market)
 Actively participated in discussion with external auditors for international accounting standards, International Financial
Reporting Standards (IFRS) for insurance companies
 Instrumental inpreparation of business plans,various manualsuchas operation, administration, finance & accounts department
 Successfully prepared IT Manual, IT Security Manual and Disaster Recovery Plan for the company
 Effectively prepared the five year business plan for the ECGA Oman.
Mar’92-Jan’96 with Aldar Audit Bureau” Talal, Abu Ghazaleh International, as Auditor
Key Result Areas
 Involved in planning and performing audits of various manufacturing, trading and contracting companies, preparing
weakness letters to management and drafting accounts
 Discussed the performance of companies with management and suggested improvement in internal control systems
 Formulated and submitted tax returns and sent replies to queries raised by the Tax Department
 Entrusted with the responsibility of designing and implementing suitable MIS systems as per clients’ requirements
Highlights:
 Played a key role inplanning & executing all major audits in major companies of Oman such as Suhail & Saud Bahwan Group
(now Saud Bhawan Group) various public holding as well as Limited Liabilities Companies

3. ARTICLESHIP
Jul’86-Jun’90 with M/s. M.C. Bohra & Co., Jodhpur as Articled Trainee
ACADEMIC DETAILS
1990 C.A. from Institute of Chartered Accountants of India
1986 B.Com From University of Rajasthan with 64%
Professional Membership
 Associate Member of the Institute of Chartered Accountants of India (Membership No. 74378)
SEMINARS / TRAININGS UNDERTAKEN
 Audit Concepts And Techniques Seminar
 Budgetary Planning and Control Seminar
 Amendments in International Accounting Standards Seminar
 IFRS in Insurance Industry
 Info Security Seminar 2015
 CSR Oman 2014
 Oracle Optimized Data Center Seminar
 Updates in IFRS-2013
IT SKILLS
 MS Office (Word, Excel and PowerPoint)
 Oracle 11G WebLogic working environment, Cbeam for Audit
program by Grant Thornton, Tally, Quick-books, Focus (accounting
Programs)
PERSONAL DETAILS
Date of Birth: 30th August 1966
Nationality: Indian
Marital Status: Married
Passport No.: Z 1124366
Permanent Address: 150 Ajeet Colony, Jodhpur, Rajasthan, 34200
Present Address: PO Box 822 PC 113, Muscat (Sultanate of Oman)
Driving License: Having valid Omani Driving license