Munir Ahmad
SENIOR LEVEL ACCOUNTS & COSTING PROFESSIONAL
CMA Qualified offering chronicled success of 7 years in all aspects of Accounts and Finance across Manufacturing, Facilities Management, Public Sector and Construction industry of UAE; proven career in conceptualizing & implementing effective ideas / strategies which adds value to organization through inspiring leadership & innovation excellence.
munir0306@gmail.com +971565623309
CORE COMPETENCIES
CAREER TIMELINE
PROFILE SUMMARY
? Result-oriented professional offering a successful career with diverse roles distinguished by commended performance and proven results in Controlling, Business Communication, Performance Reporting, Accounting & implementing IRFS & GAAP
? Expertise in evaluating, establishing & maintaining MIS development policies and procedures to achieve organizational objectives
? Expert in budgeting & forecasting, monthly closing, accruals, prepayments schedules, fixed assets, inventory, Cash flow, Balance sheet reconciliation and VAT return
? Notable success in managing the payroll function globally while designing, implementing and administering payroll policies and procedures to ensure accurate and timely payment of salaries & wages in compliance with WPS and UAE Labour Law
? Adept at creating, implementing and monitoring product costing systems, Cost-volume-profit analysis, validation of Cost of goods sold and variance analysis
? Supervised daily & monthly accounts payable and receivable processes; managed vendor and customer relations as well as timely and accurate processing of supplier invoices, sales invoices, customer and suppliers accounts reconciliation, receipts and payment transactions
? Prepared, examined & analysed accounting records, financial statements and other reports to assess accuracy, completeness, and conformance to reporting and procedural standards
? Technical purview: Oracle, Coins, MS Dynamics AX, Infor, Baan, Quick Books Pro, Tally, Peachtree and Microsoft advance Excel; Power Query, Power Pivot, Lookup formulas, Dynamic Arrays, Logical formulas and Macros
? Team-based management style coupled with the zeal to drive visions into reality
SIGNFICANT ACCOMPLISHMENTS
? Reworked standard machine rate after analysing operation cost, cost pools, cost drivers and using Activity-Based costing to improve accuracy of product cost and pricing; these initiatives led to year-on-year 4.5% increase in 2015 profits by changing pricing, removing no/little profit items, allocating resources to profitable items and utilising maximum capacity
? Conferred with the “Employee of the Year” Award in recognition of services towards streamlining payroll process and on time payment of salaries & wages to 1400 employees ensuring WPS and labour law compliance at Khansaheb Civil Engineering Year 2018
? Lead role in Cash to Accrual conversion project, finalization of new chart of accounts and mapping with existing GL accounts in PSD Govt. of Ras Al Khaimah Year 2020
? Successfully transitioned ERP System from Baan ERP to Infor LN as part of lead finance team in Cosmoplast Industrial Company LLC Year 2016
? Lead role in Implementing Project Module to track material and labour efficiency, designing and customization of reports, contribution margin analysis as Project accountant at Kansai Paint MENA LLC Year 2017
EDUCATION
WORK EXPERIENCE
Chief Accountant Apr’2020 – Apr’2021: Public Service Department (PSD) - Govt. of Ras Al Khaimah
Role:
? Prepared annual budget for the shared service division and reviewed of other divisions.
? Built employee’s accruals master including EOSB, Leave Accruals, Flight Allowance, Education Allowance, and so on along with complete payroll process from time sheets to payments, posting and allocating to cost centres
? Managed budget transfers in ERP related to payroll and contracts as per policy with due approval process
? Ensured monthly closing and producing reports in time for head of finance in line with policies of Organization
? Acted as a part of core SAP implementation team with role to finalize accrual based new chart of accounts and linking existing cash-based accounts, close coordination with existing oracle team and new SAP team
? Finalized monthly accruals revenue/cost, Intercompany, control accounts, prepayments, BS Schedules, overheads and shared services cost allocated
? Performed daily toll (Aber) revenue analysis, verified and reported to Chairman of PSD with comparison to budget and forecasts
? Led monthly analysis of debtors, creditors, open PO reports, GRNI report and taking corrective action
? Monitored periodical stock takes, analysed slow moving inventory, stock movement and passed adjustments
? Built Fixed asset register after physical inspection, reviewing contracts/purchase orders
? Monitored daily GL movement and posting final batches in the ERP
Senior Accountant Jan’18 – Apr’2020: Khansaheb Civil Engineering LLC (Facilities Management), Dubai, UAE
Role:
? Monthly closing of accounts within the deadlines, ensured costs are accrued, depreciation & GRN Accrual is ran & posted, shared costs allocated to contracts, bank reconciliation was done and all control accounts were clean
? Processed and posted payroll, ensured CTC was updated, time sheets were allocated, leave/final settlements processed, payroll control accounts and personal accounts are reconciled monthly, overhead payroll cost was allocated as per allocations provided
? Overheads analysed, compared with budgets, identified reasons of variances and provided explanations as part of monthly reporting pack
? 12 months rolling cash flow, BS and P&L forecast as part of monthly full pack submitted to Holding company
? Prepared and submitted quarterly reforecast cash flow, BS and P&L; assisted the Finance Manager in yearly budgets, dealt with external auditors
? Performed monthly/quarterly balance sheet accounts reconciliations, took corrective action and posted the differences
? Audited and submitted monthly VAT returns, lead role in liaising with VAT consultant and internal team, advised teams and ensured FTA Compliance
? Monthly debtors/creditors analysis with DSO (Days Sales Outstanding) and DPO (Days payable outstanding), aged collection and WIP analysis, submitting to management for payment run approvals for the next month
? Managed accommodation camps costing and payment related matters such as prepaid rents, utility bills, food & catering bills, calculating standard cost per bed space considering occupancy, accruing thorough payroll CTC, routing through accommodation control account and reconciling on month end
Cost Controller/Project Accountant Jun’16 – Jan’18: Kansai Paint MENA LLC, Dubai, UAE
Role:
? Monitored project costs, revenue, contribution margin per Hour/SQMT, Cost & Revenue accruals, Unbilled revenue, Uncertified revenue, Variance analysis and explanations, progress billing based on percentage of completion and reporting project wise P&L.
? Quotations reviewed, special orders analysed, monitored subcontractor’s bills, Updated collection reports, labour cost allocation and site visits
Cost Accountant Feb’14 – Jun’16: Cosmoplast Industrial Company LLC, Sharjah, UAE
Role:
? Managed and updated 22000+ items costing codes, Machine rate worked, Material Surcharge, Standard cost updated in ERP, Created new “Bill of Materials” (BOM); monthly reviewed and updated, Standard vs actual comparison, efficiency variance, Reviewed and validated cost of goods sold
? Monitored Inventory revaluation, Inventory audit, inventory adjustments, Material consumption reconciliation, Inventory adjustments control, Liaised with ERP team, Assist Auditors, Fixed Assets register and handled day-to-day queries and reports from sales GM and CFO
PREVIOUS EXPERIENCE
Jul’12 – Nov’13: Comfort Knitwears (Pvt.) Limited, Lahore, Pakistan as Accounts Officer
May’11 – Jun’12: Faisalabad Oil Refinery (Pvt.) Limited, Karachi, Pakistan as Internal Auditor
SOFT SKILLS
? Collaborator
? Change Agent
? Planner
? Communicator TRAININGS
? “Quick books Pro 2013”
Organized by institute of Cost and Management Accountants of Pakistan, Islamabad
? Value Added Tax (VAT)
Training organized by Khansaheb Civil Engineering LLC, Dubai followed by changes in ERP and documentation, conducted trials and implemented
PERSONAL DETAILS
Date of Birth: 10th January 1987 | Nationality: Pakistani
Passport Details: No. GU1168513 (25th Oct 2023) | VISA Details: Visit VISA (12th September 2022)
Driving License Details: Valid Dubai Driving License
Marital Status: Married | No. of Dependents: 3
Address: Villa 20, Rashidiya, Dubai | Languages Known: English, Urdu, Hindi, Punjabi & Arabic (Basic)