Muhammad Ahsan Umar
Summary
Experience Certified Management Accountant (CMA), I bring over 9 years of comprehensive experience in cost analysis , financial reporting, and budget management. My proven ability to transform complex data into actionable insights has consistently led to enhancements in profitability, cost management, and operational efficiency. With a focus on the Food & Beverage, Retail, and Manufacturing industries.
Overview
9
9
years of professional experience
Work History
Senior Cost Accountant
Al Fakher Tobacco Factory FZE FMCG Manufacturing
Dubai, United Arab Emirates
05.2023 - 05.2025
- Lead the month end closing procedure related to cost accounting.
- Establish and update standard cost for finished goods and production components.
- Perform margin analysis and identify areas for cost reduction and efficiency improvements.
- Preparation of annual budgets and forecasts, focusing on cost drivers.
- Analyze and report purchase price variances (PPV), investigate root causes of material cost differences, and provide actionable insights to support cost reduction initiatives and supplier negotiations.
- Conduct monthly variance analysis and report significant issues to management.
- Evaluate purchase and manufacturing-related variance including purchase price, material usage and overhead cost.
- Identify & Monitor slow moving and expired items and present to management for the write-off.
- Preparation Monthly wastage calculation and identifying the key area of improvement.
- Raw material purchases and allocation of additional charges to calculate the landed cost.
- Annual and Monthly count participate and support in planning the stock count and coming up with accurate results.
- Reviewing production BOM and analysis of the difference between actual and standard consumption.
- Review monthly COGS to prevent product costing inaccuracy and adjustment of over/under applied overhead (OH)Maintaining the fixed assets Register and calculation of monthly depression.
- Managed the fixed asset register, tracking depreciation, disposals, and transfer while ensuring compliance with financial reporting standards.
Cost Accountant
Mohamed Hilal Group Retail/F&B-Manufacturing
Sharjah, United Arab Emirates
02.2019 - 05.2023
- Reasonable for General ledger month end closing task for multiple legal entities.
- Review the general ledger activity, enter update journal general entries.
- Costing: reviewing and processing production BOM. analysis of the difference between actual and standard consumption.
- Responsible for preparation of accurate slow-moving inventory and OH allocation cost.
- Assist in reviewing expense accounts related to all cost centers in monthly closing in order to check accuracy of expense reported.
- Responsible for reviewing and approval of journal entries and performing sub ledger reconciliation on a timely basis and applying all required controls.
- Responsible for monthly variation analysis and explanation of accounts balances.
- Own the day-to-day Finance Operations of 2 Business Entities including General Ledger functions such as AP, AR, Bank Reconciliations, and Inventory Transactions.
- On time Month-end closing, submission of Management reports such as P&L statement, Cash Outflow statement in local and foreign currencies, Sales Report, Cost of Sales Report, and ad hoc reports.
- Develop annual financial budgets, forecasts, and projections in collaboration with Business Unit Heads.
- Finalization of annual audit for two years 2020 & 2021 from TB sharing through financial statements.
Inventory Control Accountant
Coffee Planet Roaster FZE F&B Manufacturing
Dubai, United Arab Emirates
01.2017 - 02.2019
Account Executive - Payables and Receivables
KLK Textile
Gujranwala Pakistan
03.2016 - 10.2016
Education
CMA-Finalist -
Institute of Cost And Management Accountants of Pakistan
ICAMPBachelors in commerce -
University of Punjab
Pakistan Skills
- General Accounting & Bookkeeping
- Budgeting and Forecasting
- Management Reporting
- Financial Reporting
- Internal Control
- Cash flow Management
- VAT Return Finalization & E-filling
- Account Payable
- Financial Year End Audits
- Inter-Company Reconciliations
- Implementation of D365 Microsoft ERP
- Account Receivable
- Advance Excel
- ERP-Microsoft Dynamic & D365 Microsoft
- Inventory Management/Stock Taking
- Bank Reconciliations Statement
- SAP Hana
- Payroll oversight
Personal Information
Visa Status: Employment Visa
Career Achievements
- Monitored the budgets of various departments consistently and reduced the business expenditure by 10%
- Reduced production wastages by 2% by introducing waste audits and mapping of business processes.
- ERP Implementation of Microsoft Dynamics database and successfully migrate the D365 Microsoft.
- Successfully Implementing the process costing set up in Manufacturing facility.
- Adapt at suggesting and implementing improved and highly efficient internal accounting policies procedures and controls designed to maximize profitability and accuracy.
Timeline
Senior Cost Accountant
Al Fakher Tobacco Factory FZE FMCG Manufacturing
05.2023 - 05.2025
Cost Accountant
Mohamed Hilal Group Retail/F&B-Manufacturing
02.2019 - 05.2023
Inventory Control Accountant
Coffee Planet Roaster FZE F&B Manufacturing
01.2017 - 02.2019
Account Executive - Payables and Receivables
KLK Textile
03.2016 - 10.2016
CMA-Finalist -
Institute of Cost And Management Accountants of Pakistan
Bachelors in commerce -
University of Punjab