Summary
Overview
Work History
Education
Skills
Websites
Impact
Training/Courses
Work Availability
Timeline
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Rumman Saeed

Rumman Saeed

US Tax Specialist
Karachi

Summary

Rumman Saeed is a FCCA-UK member and CFA level 2 candidate. He bring to the table a unique set of 3 dimentional expereince that focuses on US taxation(Direct & Indirect), Mergers & Acquisition and Accounting.

In addition to this he have led, developed, managed & trained a team of 65+ staff members including Senior Manager, Managers, Supervisors and associates.

Overview

12
12
years of professional experience

Work History

Tax Manager

Kruze Consulting Inc
10.2022 - Current

Kruze Consulting is a provider of accounting, finance and tax consulting to over 700+ venture-capital-funded startups in Silicon Valley, Los Angeles, New York, and other major startup hubs. Kruze has been featured in 2023 Inc. 5000 comapnies and also ranked 23rd in mid-size tax firm all across USA.

As a Tax manager(20-25 hours per week) my major job responsibilities include:

INCOME TAX PREPARATION & REVIEW
- Complete ~150 1120 tax returns
- 25% of these are very straightforward, easy, first or second-year filings.
- 25% have a 5471
- 25% of these have an M3
- Research & development workpapers preparation

CONSULTING TAX WORK
- Help troubleshoot Account Manager client tax issues. Answer questions and resolve clients’ tax problems. Resolve any IRS notices or audit requests
- Assist in all M&A transactions: gather documents, serve as senior liaison to Big 4/acquirer

International Tax Specialist (Indirect Tax)

Idera Inc.
01.2020 - Current

Idera Inc is a $3B+ Multinational software company with sales through out the World and more than 60 subsidiaries around the World.

As Indirect Tax Specialist(40 hours per week) I am responsible for timely and accurate preparation of all VAT/GST & sales and use tax returns.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Managing Indirect taxation(VAT, GST) for all subsidiaries of Idera in more than 10+ countries including US, Canada, Australia, New Zealand, Russia, UK, Austria etc
  • Determine jurisdictional nexus and that the Company is properly registered to do business in each jurisdiction
  • Comply with federal, state and local requirements by studying jurisdictional documents and regulations; enforcing adherence to requirements; advising management on needed actions
  • Perform assigned tax account reconciliations and follow up though researching, documenting and resolving exceptions
  • Assist with tax audits
  • Assist in the preparation of income tax apportionment work papers.

Director - Accounting & Tax

Maya & Associates LLC
Karachi
06.2016 - 12.2019

 Staff Management and Development:
Take responsibility for subordinates' activities. Effectively delegate work to staff & manage 8 directly reporting Managers/Supervisors.
Develop team processes and systems to improve the productivity and growth of the business.
Provide regular performance feedback as well as deliver timely performance evaluations.
Develop subordinates' technical and industry skills and encourage growth.
Gain the respect and confidence of the team through effective client management, timely and accurate communication, and clear and concise team direction. Lead by example.

 Recruitment:
Establish and maintain a social presence in the community. Actively participate in industry, alumni, and community networking events.
Network with individuals from other organizations in order to share ideas, collect information, and identify potential talent for the Firm.
Maintain an active contact list to include previous employment contacts, college alumni & associations.
Take responsibility for identifying, attracting, and developing current and future talent.

 Project/Task Management:
Accept responsibility for, and complete tasks assigned by management in a timely fashion.
Make effective use of firm resources to complete a project.
Manage multiple client projects at any given time.
Alert management in a timely fashion of any issues, constraints, challenges, and/or scheduling conflicts that may arise in completing the assigned task(s).

 Accounting & Tax Consulting:
Ensure an accurate and timely quarterly and year-end close of 300+ companies.
Lead GL team in monthly balance sheet and P&L reviews that provide insight into key business drivers that are impacting financial results.
Draft tax technical memorandums.
Perform tax structuring and modeling.

Assistant Manager - Finance

Abbas Steel Group
Karachi
04.2015 - 05.2016
  • Abbas Steel is Pakistan's leading steel manufacturer with a capacity to produce 200,000MT
  • Prepared monthly, quarterly & yearly financial statements of subsidiaries of the Group
  • Coordinated with external auditors to ensure full cooperation and responding to their queries
  • Implemented ERP modules of Inventory, stores and payroll
  • Prepared and responded to the FBR queries pertaining to taxation matters.

ECDD Officer

Standard Chartered Bank
Pakistan
07.2014 - 03.2015
  • Standard Chartered is a British multinational banking and financial services company headquartered in London, England which operates across more than 70 countries
  • Blocked a transaction by generating a suspicious transaction report(STR) of an unusually large amount of about $65M originating from a high risk country and going into terrorism stricken province of Pakistan
  • Successfully completed 20 e-learning certifications and set a new record in the whole bank
  • Prepared & amended the SOP & DOI of various procedures as required by Regulatory Bank and train staff on the changes.

Supervisory Audit Senior

Russell Bedford International
Pakistan
01.2012 - 07.2014
  • Russell Bedford International is an International audit, tax & assurance firm with 700 partners and presence in 100 countries with over 6000 employees
  • Responsible to plan and conduct audit and advisory assignments for various public listed and private companies and maintain professional relationship with the clients.

Education

ACCA Member - Chartered Certified Accountant -

ACCA Global

CFA Level 2 Candidate -

CFA
01.2019 - Current

Bachelors of Commerce -

University of Karachi

Skills

  • Leadership
  • Management
  • Communication
  • Team building
  • Meeting deadlines
  • Decision Making
  • Innovation
  • Organization and Time Management
  • Accounting, Finance & Tax
  • Mergers & Acquisition

Impact

  • Generated $1.2 million in tax saving:
    Instrumental in settling a sales tax litigation matter against Texas Comptroller of Public Accounts which resulted in a corporation saving $1.2 million.
  • Revenue recognition- ASC 606:
    Major contributor to the successful settlement of an IRS examination covering four tax years which dealt with revenue recognition and research and development issues.
  • Team Development & Management: During my role in Maya & Associates as Director, Pakistan team of professionals grows from 20 members to 65+ members in a spam of just 2 years. I was responsible for team development, training, management &hiring of quality staff and also registered the organization with prestigious accounting bodies of ACCA-UK & ICAEW-UK which contributed to the significant improvement of staff quality and retension

Training/Courses

  • U.S. Federal Taxation:
    Certified from University of Illinois, this specialization consists of 5 courses involving taxation of individual & corporations, identification of tax-related strategies and implications of
    structuring organizations.

Work Availability

monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline

Tax Manager

Kruze Consulting Inc
10.2022 - Current

International Tax Specialist (Indirect Tax)

Idera Inc.
01.2020 - Current

CFA Level 2 Candidate -

CFA
01.2019 - Current

Director - Accounting & Tax

Maya & Associates LLC
06.2016 - 12.2019

Assistant Manager - Finance

Abbas Steel Group
04.2015 - 05.2016

ECDD Officer

Standard Chartered Bank
07.2014 - 03.2015

Supervisory Audit Senior

Russell Bedford International
01.2012 - 07.2014

ACCA Member - Chartered Certified Accountant -

ACCA Global

Bachelors of Commerce -

University of Karachi
Rumman SaeedUS Tax Specialist