Curriculum Vitae

Name: Ms. Eliza Tigranyan Profession: Fellow Chartered Certified Accountant, Master of Business Administration, Management Consultant, Armenian Licensed Auditor Phone: +374 93403989 E-mail: [email protected]; [email protected]

Membership in professional societies:  Fellow Member of Association of Certified Chartered Accountants (FCCA-UK)

Professional experience and qualification:  Extensive experience in project and company management.  Wide experience in strategic business planning, financial management and forecasting, budgeting, financial modeling, business and investment valuations (M&As), due diligence, market research, feasibility and sector studies, value chain analysis. Extensive experience in lead advisory, valuation and transaction support services. Experience in enterprise, project and NGO audit, internal audit. Experience in loan disbursement; grant making activities and monitoring projects after getting financed.  Broad experience in conduct of trainings for managers of established and startup companies, for the clients and staff of several international organizations and banks.  Professional experience in healthcare, IT and telecommunications; banking/financial institutions, aviation, metallurgical sector, construction, food production and processing, soft and alcohol drinks production, shoe production, tourism and hospitality, light industry, transportation, water supply and sewerage services, pharmaceuticals, wholesale and retail trade, poultry, starter battery production, cement production, etc.  Client list includes such organizations as: Nestle, Booz Allen Hamilton Inc., Synopsis Armenia, USAID (Tax Improvement Program (TIP) Project; EDMC Project-Pragma corporation; Public Financial Management Risk Assessment (PFMRAF Stage II)), Coca Cola Armenia; Philip Morris, SiXT Armenia, Zeppelin Armenia, Renco Italian construction company, EBRD, TACIS, United Nations, Nairit Chemical Plant, ArmenTel, Armex & CDA (OMXE), Glass World, Armavia Air Company, Bjni CJSC, Mannes Vallex, Yerevan Metro after Karen Demirchyan CJSC, Metal Prince, Hovnanian International, Areximbank CJSC, Emporiki Bank in Armenia and Georgia, “ACRA Credit Reporting” CJSC, EDENRED Company, SME DNC of Armenia, All Armenian Fund, Ministry of Economy, Ministry of Social Security, Electron OJSC, Elite Group, IMEX Group, Europe Hotel, Metropol Hotel, Fibernet, GNC Alfa, IFIC, Paramout Gold Mining, Saranist CJSC, Zonq CJSC, Yerevan Jur CJSC, Electron CJSC, Ararat Cement CJSC, etc.  Successfully carried out fund raising projects for the World Bank, IFC, OPIC, EBRD, Eurasia Foundation, Black Sea Trade and Development Bank, Deutsche Bank, etc  Knowledge of International Standards on Auditing (ISA) and International Financial Reporting Standards (IFRS). Knowledge of Armenian Accounting Standards, Financial Reporting and Armenian Tax regulations. Knowledge of Grant Thornton International Transaction Advisory methodology, International Valuation Standards and methodology of business and equity valuations.  Strong analytical, data processing, advising, commenting and reporting skills. Ability to work under pressure. Advanced team management and communicative skills.

Countries of professional experience Russia, France, The Netherlands, Austria, Georgia, Tajikistan, Uzbekistan, Armenia

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Education: 2002-2005 Association of Chartered Certified Accountants (ACCA-UK) Qualification: Chartered Certified Accountant 2003 University of Cambridge. Judge Institute of Management Studies (UK). Executive Management and Leadership Program 1992-1994 American University of Armenia (Affiliate of the University of California, USA), College of Business Administration Degree: MBA 1985-1990 Yerevan Polytechnic Institute, Department of Computer Sciences Degree: Engineer of Computer Sciences 1987-1989 Yerevan Polytechnic Institute, Department of Public Sciences Degree: Journalist

International Trainings: 2008 Training on Transaction Advisory Services (Due Diligence). Zurich, Switzerland 2002 Training on dividend distribution policy; Management tools, France 2001 Training on Enterprise Mergers; Audit of Small Enterprises, France 1998 Association Building Program, Center of International Private Enterprises, Washington, Detroit, USA 1997 Program for SME Consultants, Netherlands 1997 Management of Consulting Company, Objective Oriented Project Planning, Yerevan, Armenia 1996 Workshop of the Balkan Center for Cooperation among Small- and Medium-Sized Enterprises, Istanbul, Turkey 1995 Staff Development Program; Financial Forecast Module, Interviewing Techniques, Management of Change, Netherlands 1994 Training of Trainers and Advisors, Netherlands

Employment record: 2014 – present Lecturer at American University of Armenia (Affiliate of the University of California, USA), College of Business and Economics. Courses: “Financial Accounting”; “Managerial Accounting”. 2000 – present Senior Manager (formerly Manager; Senior Consultant), Grant Thornton, Yerevan, Armenia  Business and investment valuations. Business, financial and investment plans preparation for raising equity and debt finance. Conduct of vendor and buyer due diligence assignments. Company financial restructuring.  Budgeting, financial modelling. Implementation of market, sector and feasibility studies. Coordinating the clients’ negotiation process, preparing and delivering presentations. NGO, project and enterprise audit, internal audit.  Curriculum development, delivery of trainings and presentations 1999 –2000 Business Advisor / Loan Officer, United Nations IOM-microenterprise Development Program, Yerevan, Armenia  Giving consultancy to loan applicants (micro-enterprises). Business valuation. Assisting in development of business plans. Conducting market surveys and studies. Participating in Loan Committee for a loan disbursement decision. Monitoring the business of the clients after loan disbursement

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1998 –1999 Executive Director at Business Support Centre (BSC – TACIS-FACET BV -The NL, GTZ-Germany), Yerevan, Armenia  Developing and communicating a clear company strategy. Developing and monitoring the company’s current and forecasted budget. Establishing and maintaining productive specialist-client relations. Establishing and maintaining good and profitable relations with the Armenian Government and various international/local organizations. Representing the company externally. Managing the operational part of the company’s activities. Managing and participating in the consulting assignments, including preparation of investment and business plans, feasibility and sector studies  Delivering of trainings and presentations 1998 –1998 Deputy Director at Armenian Business Support Centre (ABSC – TACIS- FACET BV- The NL, GTZ-Germany), Yerevan, Armenia  Managing the operational part of the company’s activities. Contract terms negotiating with clients. Participating in conferences and business events. Preparing business, financial and investment plans and feasibility studies. Conducting business-training sessions. 1996 –1998 Head of the Consultancy Department/ Senior Business Consultant at Armenian Business Support Centre (ABSC – TACIS-FACET BV-The NL, GTZ-Germany), Yerevan, Armenia  Managing the work of the consultancy group. Evaluating business plans, business proposals, and feasibility study reports prepared by the consultants. Writing business plans for loan applications, business proposals for grant applications, and conducting feasibility and market studies. Giving consultancy to small- and medium-sized enterprises and large companies. Training activities. 1996 –1996 Head Business Counsellor at World Vision Armenia, Yerevan, Armenia  Coordinating the work of the business counsellors. Evaluating business proposals and choosing business groups for grant schemes. Providing ongoing monitoring of the financial records and business counselling during in-office and site-visit appointments of the business groups of current or potential clients for grant schemes. Taking an active part in the training seminars by teaching, developing curriculum and teaching aids, participating in the jury process. 1994 –1996 Business Consultant/Financial Expert at Armenian Foundation for SMEs (AFSME - TACIS), Yerevan, Armenia  Giving consultancy to SMEs in various industries. Writing business plans for obtaining loans, finding foreign partners, and for company internal use. Accounting/bookkeeping, including monthly and yearly reports. AFSME promotion and developing a client base. Languages: Language Speaking Reading Writing Armenian Excellent Excellent Excellent Russian Excellent Excellent Excellent English Excellent Excellent Excellent French Good Good Good German Basic Basic Basic

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