Venkat Nalamanda, Senior Credit Controller Officer

Venkat Nalamanda

Senior Credit Controller Officer

UAE Exchange

Location
United Arab Emirates - Dubai
Education
Master's degree, Finance & Marketing
Experience
14 years, 4 Months

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Work Experience

Total years of experience :14 years, 4 Months

Senior Credit Controller Officer at UAE Exchange
  • United Arab Emirates - Dubai
  • My current job since May 2015

• Responsible for giving Credit assignment to customers before onboarding to manage residual risks
• Responsible for collecting the payments has per the amount mention in invoice copy and sending reminder e-mails or telephone for non-payments of due within the term.
• Responsible for maintaining accurate records of all outstanding payments and follow up frequently.
• Investigating and resolving processes for all other outstanding debt.
• Responsible for sending Statement of Account (SOA) every month and getting confirmation on closing balance.
• Responsible for posting all the Bank receipts and payments in accounting system and make sure closing balance is matching with our records.
• Responsible for follow up on unallocated bank receipts with banks and post on right account
• Prepare information for weekly debtor meeting with management
• Providing the credit limit to customers on daily basis depending upon the payment overdue
• Doing reconciliation every day for Barclays bank, ING Belgium, ADCB, Bank of Spain & NAB(Australia)
• Re-negotiating repayment plans if customer is in financial difficulties.
• Responsible for resolving the customer’s disputes on invoices through arranging weekly or daily calls.
• Good knowledge in Micro soft dynamic Nav (ERP System) in account receivable

Accounts receivable - collection at Hewlett-Packard(HP)
  • India - Chennai
  • December 2012 to May 2015

• Dealing with customer queries about payments and ensuring customers pay on time and negotiating re-payment plans if they cannot pay on time.
• Pulling out the Aging report and sending to the clients on daily basis through SAP.
• Perform to meet debtor day targets set by the Firm by calling or sending E-mails.
• Regularly contacting customers to ensure all relevant debts are managed as necessary.
• Handle disputed bills and negotiate to bring payment within the agreed terms.
• Responsible for analysing collection reports for assigned functional arear.
• Write off irrecoverable receivable on every year End after approval form management.
• Done Transition for Account Receivable and Cash Application process from South America.
• Trained the team on AR process for countries Argentina, Colombia, Venezuela and Ecuador
• Prepare FEMA, 14 SOPs, L3 documents, Dash Board and Inventory reports.
• Prepare Kazan’s to stabilize the process during ramp up period

Credit controller at HCL Technologies
  • India - Chennai
  • December 2009 to November 2012

• Maintain strong relationships with all clients to ensure invoices are clear for payment
• Manage the timely and effective collection of all debts and payments
• Responsible to offer credit to the customer based up the receipts.
• Doing Reconciliation of Bank statements for AXA, Phoenix and Barclays clients
• Resolve all issues raised internally and externally around outstanding invoices
• Doing Accounting Reconciliation to ensure all payments that are received or rejected into bank account are processed in SAP accounting system.
• Prepare the Suspense management report to investigate the unallocated of moneys.
• Have experience in preparing L4 documents

Education

Master's degree, Finance & Marketing
  • at Anna University
  • June 2009
Bachelor's degree, Electronic and communication
  • at Anna University
  • June 2007

Specialties & Skills

Accounts Payable
Credit Control
Accounts Receivable
BILLING
BUSINESS INTELLIGENCE
CUSTOMER RELATIONS
FINANCIAL
FINANCIAL ACCOUNTING
Reconciliation of Bank statement
ACCOUNTS RECEIVABLE
ACCOUNTANCY

Languages

English
Expert
Hindi
Expert
Tamil
Expert
Telugu
Native Speaker